Быстрое открытие счета + 2000$ в подарок!
Бонус за регистрацию до 1200 у.е.!
LBinary (Inactive) Review
|US Traders Accepted|
|Company Name||Live Binary Ltd.|
|Bonus Type||Match bonus|
|Deposit Options||Credit/debit card, wire transfer, CashU|
|Deposit Currencies||Euro and US Dollar|
|Trading Instruments||Currencies, commodities, stocks, indices|
|Number of Trading Instruments||60|
|Binary Option Types||High/Low, Option Builder, One Touch, 60 Seconds|
|Customer Support Types||Web form, email, phone, live chat|
|Education Offered||FAQ, glossary, how-to pages, 60 minute lesson in trading, trading strategy, one on one trading|
|Tools Offered||Daily and weekly market review, expired rates, double up, rollover, Open Platform, account management, and VIP phone line|
|Commission||$25 for wire transfers, $100 minimum withdrawal limit. $5,000 maximum withdrawal limit.|
|Languages||English, Arabic, French, Italian|
LBinary is no longer operating as a binary options broker. The review below is presented for the archiving purposes.
LBinary is a binary options broker based in Nicosia, Cyprus. The website was registered in February of 2020, and being quite new there is very little information available on it. Indeed, searching for information about LBinary, we found only a single review and no other hits. Furthermore, the website itself had a lot of information gaps and it took quite a bit of digging to find even some extremely basic information. The site lists awards which do not seem to actually exist, and they are extremely limited in terms of features. While their platform is definitely SpotOption, their brand is unconfirmed on the SpotOption website. Following is all the information we did find or piece together. To be fair, since the website is only a couple of months old, that is probably a large part of the reason that it is so lacking in features and reputation, but it does not seem to be off to much of a start.
Deposits and Withdrawals on LBinary
The sign-up process on this website is fast and easy, and you can deposit in Euros or US Dollars, starting with $100 minimum or equivalent. While trading in Yen is mentioned in the FAQ a couple of times, this option is not offered when you make your deposit. You can transfer your money via credit or debit card, wire transfer, or CashU. The only fees are $25 fees for withdrawals, and there is a $100 withdrawal minimum. While this is a pretty common feature even among legitimate brokers, it is one more irritation since it makes it hard to withdraw your own money. Imagine if you deposited the minimum without paying any heed to the withdrawal minimum, lost a single trade, and wanted to take out your remaining money. You wouldn’t be able to access it anymore.
Five different account tiers are offered: Micro, Silver, Gold, Expert, and Platinum. The Micro account starts at $500 and comes with email and live support 24/5, and an account manager. The benefits and features increase when you deposit more money. The highest tier, Platinum, is available to customers who deposit $50,000 or more, and comes with a lot of features. Along with the email and live support 24/5, you get account management, quick money transfer procedures, a 60-minute lesson in trading binary options, trading strategy information, one-on-one trading, and a VIP phone line. While these benefits sound outstanding, it is hard to picture that they would actually deliver on them.
Amusingly enough, when we tried registering on the website and then checked our email to confirm that USA traders are permitted, the subject line read, “Ok, you can trade now,” and there was no content at all in the body of the email. The email didn’t exactly exude confidence and professionalism.
Trading Features on LBinary
LBinary offers 60 different assets including the usual range of commodities, currencies, stocks, and indices. High/Low, One Touch, and 60 Seconds trades are available, as well as Option Builder so that you can customize your expiry times. The format of the screen and the presence of Open Platform confirms that this is a SpotOption powered website, despite the fact that there are no actual references to SpotOption technology on the site. SpotOption is an excellent platform that is easy to understand and use. There are however dozens of other binary options sites which use this platform which would be better to trade on.
The minimum trade size is $25, and the maximum is $1,000. Double up and rollover are offered so that you have the option of extending your winning trades or adding money to them to enhance your profits. You will also find daily and weekly market reviews on the site to help you with your trading. The only other resources you will find on the site include a glossary, a FAQ, and standard how-to pages. A video demo is forthcoming. There is no actual demo account though, and no mobile trading support either.
Deficient Customer Support
Customer support options include phone numbers in various countries, email, web form, and live chat. We sat on the live chat line for about a half hour on a weekday during normal market hours and nobody was there to respond, despite the claim of 24/5 customer service. It is possible that the line was simply busy, but this is unlikely given that unstaffed live chat desks are unfortunately the norm with binary options brokers. There are brokers however that will quickly assist you on live chat, even though they likely have a lot more customers than this site.
Быстрое открытие счета + 2000$ в подарок!
Бонус за регистрацию до 1200 у.е.!
Lacking in Reputation
LBinary does not have much of a reputation to speak of. As mentioned earlier, there is literally one other review for the website online, and it is from an affiliate account (nor is the information in it completely consistent with what is on the website currently). There are no community posts about LBinary either. But what is really interesting are the awards listed near the bottom of the LBinary webpage.
The first award doesn’t actually list an awarding group. The second award was apparently given by VLSIresearch Inc. The provider does exist, and it does give out Supplier awards, but the awards are for nanotechnology and semiconductors and similar electronic systems. The company appears to have nothing to do with binary options trading or trading in general. Another of the awards listed comes from World Finance, and reads “World Finance Trading Platform of the Year 2020.” This is an invalid claim for several reasons. Firstly, a website registered in 2020 could not have won an award in 2020. Secondly, World Finance’s Exchanges & Brokers awards in that year did not yet include binary options categories. Thirdly, the winners for 2020 included Banc De Binary, Option Bit, 4XP, Start Options, AnyOption, EZ Trader, and 24option.
This is a new website, so it would not be entirely fair to say that they are definitely an illegitimate company. They may have misinformation like this in place as a placeholder while they work on building up their client base and earning some real reputation. The fact that they are going to start out by being misleading does not lend a lot of credence to their trustworthiness or validity, however. This along with the absent customer service are our main reasons (more so than the lack of features, which is expected given a brand new site) for recommending that traders avoid this site, at least for the time being.
LBinary (Inactive) , 1.0 out of 10 based on 6 ratings
7 Binary Options
We have found out that LBinary has shut down their operations.
We recommend choosing one of our top binary option brokers instead:
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Try also Binary Option Robot if you are looking for automated binary trading.
LBinary was launched in 2020 and has jumped to the top of the market as one of the most very user friendly and self- explaining binary option brokers. LBinary offers binary options traders more than 200 underlying assets spanning across the currency market, commodities, and stocks. LBinary has introduced a new feature which automatically does Bollinger bands, RSI and moving average. This feature has quickly become one of the traders most useful and helpful tools.The technology used by Lbinary ensures that trades are done in fast manner, to ensure that security of the trade is locked in at the strike price. The average return on invest, ROI of trades that land “In-The-Money” average 78% on LBinary and reach as high as 92% as the max.
Online since: 2020
– Over 200 tradable assets
– No demo account
7 Binary Options Rating:
LBinary Trading Features and Capabilities
LBinary is powered by the well- respected and innovative SpotOption. It is them who supply the software for a large amount of binary option brokers and provide a safe and secure way to make online trades.
User Ability and Customer Service
LBinary provides quality customer service and superior user experience. It has been rated as a winning platform because of its innovate and unique approach to allow for traders to trade on their own.
Speak with a broker or with customer support
LBinary has call centers available in English, Spanish, French, German, Arabic and Russian so as to make trading available to as many people as possible. The company is area specific and has works who speak local dialects located around the world, ready to assist our traders.
LBinary offers a variety of trading types:
Customer Service: Live Chat / Email: [email protected]
Latest posts by John Miller (see all)
I hope the feds caught those LBinary thieves who scammed me over $20,000 USD from 2 credit cards.
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We have recently been on the lookout for some new Binary Options Brokers to add to our range of first class and top rated Brokers, and one Broker that has made the grade in regards to everything they will offer traders is LBinary.
Should you wish to expand the range of Brokers at which you place all manner of real money Binary Options trades at then read on, for we are more than confident you will find everything offered by LBinary to your liking, and you can access both a real money and demo mode trading account once you have signed up too!
US Trader Friendly – You are not only going to be restricted to placing your trades at LBinary if you are a US based trader, for whilst this leading and fully licensed Binary Options Broker accepts and fully allows all US based traders to sign up and use their trading platforms for real or in a demo mode version of those trading platforms, they do accept traders from most countries of the world.
They also offer a diverse range of banking options so no matter where it is in the world you live you will be able to make instant deposits at any time of the day or night into your trading accounts and will also be able to benefit from fast and efficient withdrawal options too.
Online and Mobile Platforms – As a Binary Options trader you are going to want to be able to place your trades not only instantly but also from wherever you are at the time potentially very profitable trades becomes available, and it is going to be something you can do as LBinary offer their traders both an online and mobile trading platform.
It is worth noting that their mobile trading app unlike many other Brokers apps is just as advanced as their online trading platform and as such everything you can place a trade on online can also be accessed via their mobile trading platform so no compromises will have to be made when utilizing the LBinary trading app!
Multiple Trading Opportunities – By ensuring their traders are able to place exactly the types of trades whenever they wish to place them we are more than confident you are going to find the trading platforms offered by LBinary to your liking.
You will find you can place trades on whatever trading opportunity you are seeking whether that is placing trading on Commodities, Indices, Stock or Forex!
Up to 85% Profit – One final aspect of choosing to sign up to and then placing all of your real money trades at LBinary is that you are going to be able to make some very hefty profits when doing so. You will find lots of their available trading opportunities will allow you to have the chance of making gains of up to 85%.
Plus you are also going to find special promotional offers and bonuses are available to not only newly registered traders but also regular traders too!
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