LBinary Review

Overview

LBinary is a leading binary options broker that has gained huge global recognition worldwide. Even though it appears to be new in the industry, it has managed to gather goodwill… more

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Details

Broker LBinary
Website URL http://www.lbinary.com/
Headquarters 5 Secretary's Lane
Support Number +44 8000 58 80 34
Support Types Live Chat, Phone, Contact Form, E-mail
Minimum 1st Deposit $250
Minimum Trade Amount $5
Payout 85%
Free Demo Account Open Demo
Account Types Micro, Silver, Gold, Expert, Platinum
Deposit & Withdrawal Methods Visa, MasterCard, Delta, Maestro, Bank Wire Transfer
Number of Assets 60+
Account Currency USD,  EUR, GBP
Overall Score 6.6/10

Full Review

LBinary is a leading binary options broker that has gained huge global recognition worldwide. Even though it appears to be new in the industry, it has managed to gather goodwill by its transparent workings and genuine payment procedures.

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LBinary Review

It is also at par with many leading brokerages around the world. It provides a high tech platform and a qualified workforce that assists the traders at every step. This is why it has managed to gain a name among the best in the industry.

One of the things which are the most necessary in this profession is the broker’s honesty. They need to be 100% honest and should be available in case some issues arise. LBinary passed that litmus trust by providing substantial information regarding their whereabouts. It means that they are here for the long haul and are not going to cheat you off. Over the short time that they have been there, they have made sure that their traders feel secure by providing genuine transactions and regulations.

lbinary broker

One of the things that will put you in awe of this platform is its professionalism. The staff that assists the traders is well versed and extremely knowledgeable. They will answer your queries politely and obligingly.

LBinary Scam

Is LBinary a scam? The answer to this could probably be subjective depending upon what the trader considers scam. The binary options traders are well adept to subjected accusations of being frauds. However, with LBinary we didn’t find any such implications. Some people who were commenting on social forums that it was a scam website, failed to read their terms and conditions properly.

One of the things in binary options market, you must keep in mind is that, each broker has their own set of terms and conditions and you cannot expect them all to be the same. This is why many people feel scammed when they change their broker – as they do not read the broker’s terms and end up taking a wrong move.

lbinary banner

Regarding complaints, we did find a few recent complaints regarding this broker, but most of them were either new to this industry or were not well acquainted with the matters of the binary options. So they cannot be taken into account in the first place. Other than those, however, we did not find any major complaints regarding this company on the internet. So it is safe to say that they are a decent broker, even though unregulated.

LBinary Broker

Being a reliable binary options broker means having to place value in the payment and withdrawal schemes. Also, the platform itself should be friendly to those who are not adept at binary options yet. Considering these facts, we have found that LBinary is a credible platform that provides a minimalist platform and excellent service for the traders.

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The first thing you notice on their website is how simple and easy to understand their platform is. It is easy for a newcomer to grasp the idea of what it is all about. This sometimes helps the trader who is not so tech savvy. The next thing that we see in the brokers is how much payout they give and if there are any bonuses involved with it.

In this case, LBinary options do provide a bonus which can be as high as 100% in some cases. This means that you can earn a good amount of bonus depending upon their promotion time and the process of opening up your account is very flexible. The broker has some broken links in its FAQ section, but other than that there is no major functionality issue on their website.

LBinary Demo Account

A demo account allows traders to get accustomed to the broker’s platform, which is why most platforms provide this facility. But many brokers still insist on not availing this opportunity. By making use of demo account, one can also gain some learning experience. They can get accustomed to binary options trading platform this way.

Unlike many brokers, LBinary has this unique opportunity where the traders can sign themselves up for a demo account facility. Along with these they will also assist the new traders with video tutorials and e-books to help them understand what binary option trading is all about. But binary option is a huge subject and to understand them fully these are not enough. However, it still does a lot to help the newcomers understand this platform completely. For the rest, you have the facility of having a demo account.

Have you thought about trying out your recently improvised strategy? The best way to do this is through the demo account. There is no risk of losing your hard earned money there. You can take notes from its performance there and try it out until you master your tactic.

LBinary Minimum Deposit

The brokers can also keep the minimum deposit amounts very low to attract the traders, but by doing this they are not helping their traders gain valuable experience which is required very much of them. They on the other hand help them place bets on various trades by keeping the minimum deposit amount neither too high nor too low. This is what the LBinary options has done as well.

lboinary banking

LBinary has kept the minimum deposit to 250 USD only. This is lower than many platforms and is well within the budget. This amount can be deposited through credit or debit cards or wire transfer. But make sure that you withdraw using the same method that you used while depositing. Their platform uses the latest SpotOption which makes transactions and withdrawals easier.

The minimum deposit plan is 250 USD. However, there are other investment plans as well, which require high deposits. For beginners, it is not advised to spend a huge amount, especially if you are unsure about your strategies. But those who are fairly sure about their strategies can make use of this opportunity to get more benefits by investing in higher plans with LBinary.

Conclusion

recommended80LBinary is reliable and regulated broker, which makes them a top choice when choosing a binary broker. They are CySEC regulated, which means that they adhere to strict EU regulations and laws. Overall they offer clear and simple binary and pairs trading, their minimum deposit is only 250 USD, and have an extensive education section.

All of this makes LBinary a top choice for both novice and advanced traders.

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