Lbinary
Broker Review
A Dependable and Reputable Broker
As binary option trading rapidly grows in global popularity, there has been a growth in the number of companies offering brokerage services. Some of these companies are shady while others are legitimate, but with Lbinary, there is no need to be concerned. They have a strong reputation for service and stability and are a licensed company in the European Union.
Overall Score: 82
82-
Bonus, Deposit and Payment 81
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Commissions and Support 83
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User Friendly 56
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No. of Assets and Expiry Time 88
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Mobile Application 78
Outstanding Trading Software
Lbinary uses a software platform called OptionBuilder. It is fast and easy to pick up, with a control panel that is intuitive to users all over the world. With OptionBuilder you have complete control over both your potential profits and the amount of risk you are taking. This greatly simplifies the decision-making process associated with buying and selling.
Payouts and Bonuses
Lbinary's payout for a single trade is 85 percent on most options, with a rebate of up to 10 percent for losing trades. After opening your account, they will give you three insured trades as well as a deposit bonus of up to 30 percent. Their maximum payout rate can climb to as high as 700 percent under certain conditions.
Deposit Methods
A minimum of US $250 is required to open your account. A credit card is the easiest way to do this, but a bank transfer option is also available for a minimum deposit of US $5,000. There are zero withdrawal fees when you use a credit card. Wire transfers cost US $25. Payouts take only one to three days, which is far faster than most brokers.
Broker Strengths
Min. Deposit
€ 250Max. Bonus
75%Max. Payout
85%Demo Account
1Customer Service
Unlike many brokers who employ service representatives who know next to nothing about the company’s online system or binary options, Lbinary has a knowledgeable staff. This alone makes them stand out from the rest. Assistance is available by phone and an international toll free number is available. There is also a live chat feature on their site and you can always send them an email if you want a quick response.
Languages
- Arabic
- English
- French
- Italian
Deposit Methods
- Bank Wire
- Cartebleue
- Maestro
- MasterCard
- Visa
Contact Broker
- Email: support@lbinary.com
- Phone: +357 22-232-404
Features
Lbinary currently offers binary trading in stocks, commodities, currencies and indices. There are 36 stock options, seven commodities, 14 currency pairs and 26 different indices. Obviously this is a selection that is more than enough to keep even the most discerning binary trader busy. If you are away from your computer, a free app is available for either iPhone or Android so that you can make trades no matter where you are. There is a wide range of expiry intervals starting at 60 seconds, five minutes and every quarter of an hour. Expiry times of 24 hours, the end of the week and the end of the month are also offered.
Trading Features
| Speed Trading | Spread High/Low | One Touch | Option Builder | Mobile Trading | USA Traders |
|---|---|---|---|---|---|
| 1 | 1 | 1 | 1 | 1 | 1 |
Unique Perks
One unique feature with Lbinary that is not seen anywhere else is what this broker calls iFollow. This feature allows you to track another trader’s movement to see how well they do with their trades. If you want to follow their lead and possibly make some big profits, you can then make the same trades they are making. Lbinary also offers Roll Over and Double Up features for your trading that enable you to increase your return on investment substantially.
Advantages and Disadvantages
The payouts are the highest in the industry. This, combined with a stable platform and powerful software, gives a trader everything they could ever need. Payouts are fast and easy to transfer to your own account. Because they are licensed in the European Union, you can have complete confidence in their brokerage operation. Perhaps the only downside for some traders is the initial deposit of US $250. This is higher than other brokers may advertise, but Lbinary is a licensed broker with a strong reputation. You pay more to open an account, but you are taking less risk by using this broker.
Pros & Cons
- Unique customer care
- Verity of trading methods
- Demo account after small deposit
- Not regulated (but licensed broker)
Final Thoughts
Lbinary is a professionally-run company that has everything that a binary trader needs in a brokerage service. They are suitable for both beginner and advanced traders. The time to register a new account and deposit your money is quick and you are able to start trading from the moment the two steps are completed. If you are serious about trading binary options, you need a serious broker, and Lbinary is a serious brokerage company.