As we have done with most of the brokers we use we contacted LBinary and told them that we were going to do a review on them and whether they would be happy with us asking a few questions. As we have explained in our youtube videos we asked each broker the same set of questions regardless of whether we use them currently or not to do our trading. So these are the responses that we got back from them:
So firstly we asked Lbinary what makes them unique in the binary options market and this is the response we got back: Lbinary is among the highest paying brokers in th binary option industry. Lbinary offers traders upto 150% sign up bonuses for existing traders such as holiday specials. Lbinary caters to binary option traders from around the world, as we have brokers and trading experts in multiple languages, readily available to assist our investors.
Ok fine so this all seems good but we wouldn´t really call this unique but there you go… lets move on.
Where are you based: Gibraltor and they were established at the start of 2013.
LBinary are based on the SpotOption platform and have a minimum deposit of $250 which is pretty much standard.
Lbinary have a minimum trade value of $25 which seems to be coming more and more common as brokers are moving away from the $1 and $5 trades.
Everything seems pretty standard upto this point and then we asked them what the maximum payout percentage is at Lbinary and their response was 720%. WOW!. this is high and we havent seen this before but it appears you have to be with Lbinary for a while before they offer this to you. We believe it is on a ladder system so you keep building up your highest potential. They also offer a 150% signup bonus which is also very high when compared against other brokers.
We then asked what assets can people trade on their site and it seems they have quite a few. Currencies (20-40), Commodities (4-8), Stocks (20) and Indices (22)
And types of trade that are available at LBinary : Up/Down, One Touch, 60 Second, Pairs, and Option Builder
The Maximum Trade amount is $10000. So a good amount if you want to trade higher amounts
Countries Accepted: All countries accepted which is good news for clients in the USA, Canada and a few other other countries which arent always accepted.
LBinary take the usual forms of payment : Wire transfer and the usual credit cards etc.
When asked if they were regulated they said they came under the umbrella of Spotoption. So they are not regulated but SpotOption are. so in theory they are.
Withdrawal time they responded with 7 business days and we think this is possibly the worst withdrawal time we have encountered so if you are in a hurry to have all your winnings back in your own pocket then we suggest maybe looking at one of the brokers that release the money somewhat quicker.
You can hold accounts with Lbinary in 3 currencies : The USD, GDP and EUR
So there we have it a brief but concise round up of what Lbinary have to offer to clients old and new. I hope it has been helpful.
If you wish to open a demo account then just click here: www.lbinary.com
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