LBinary Binary Options Broker
The first thing that catches your eye when browsing company's website is its quite sleek design and simplicity. In principle, the same can be said about provided terms of trading that do not stand out among those of other brokers.
Terms of trading
- Profitability- from 65% to 720%
- Loss recovery - No
- Minimal deposit - 100$
- Minimal stake - 5$
- Demo account – No
- Mobile version – Yes
- Education – No
Registration at LBinary
Registration at LBinary is rather terse and simple. Fill in a few standard electronic form lines and you will automatically become a customer of the company. The choice of the trader is entitled to three currencies when creating a trading account: dollar, euro and pound sterling. Visa, American Express, MasterCard and Delta are the only means of replenishment offered. Thus, to fund the deposit, you need to get a credit card of one of these systems or to use the virtual card registration at popular online payments services.
LBinary provides its customers with the trading platform designed by SpotOption for options trading.
Simultaneously, some unique trading opportunities are implemented in the said terminal. There is “follow the spot” function added to the platform, which will be very interesting for beginners. For example, a brokerage company posts a rating of its traders with profitability data. In this case, each company client can connect its own trading platform to “tracking” of the chosen traders trading, which in fact means replicating of trades. Let us also note that you can connect your terminal to several traders in order to select the most profitable trades.
In addition, we want to note that the company uses quotes from REUTERS supplier that speaks of their high accuracy and transparency.
- multiple trading windows availability;
- time tested trading terminal;
- “follow the spot” function availability – trades replication.
- SSL protocol encryption of terminal information;
- availability of option pair in the terminal;
- dynamic and fast terminal;
- trading types and expiration dates selection availability.
- a lack of technical analysis tools.
LBinary provides 60 trading assets, including 21 stocks, 6 commodities, 20 indices and 13 currency pairs. In addition, the brokerage company provides 9 options pairs. In general, a list of assets seems to be quite an impressive trading inventory.
LBinary complements each new client with a bonus of 20% to 100% of the funds deposited. Also, a permanent system of subsequent deposit replenishments awarding is active. Thus, the bonus amount is from 15% to 50% of the amounts deposited.
Types of trading
LBinary Company provides the following options and services:
- binary options is a classic type of option trading, with the only significant “up or down” condition. Trader must predict the vector orientation of the future price movement for the trade duration. Just one point move in the direction of the forecast is enough for profiting.
- the “pair” option - conducted by mutual allocation of quotations and placing data relative to two instruments quotes on the same chart, the trader is proposed to predict which instrument out of the given pair will be more profitable, such as GOLD VS SILVER for example.
- the “long-term” option - supposes a simple prediction, and is actually similar to the classic binary option. The only difference is the longer term of the option.
- the “60 seconds” option is a version of the classic option. The only difference is that the term of the option is 60 seconds.
- the “one-touch” option is an option type making a profit on which is carried out by predicting the strike level, that should be touched by broken through by the price.
- the “ladder” option is a special kind of option, which implies trader’s possessing special binary options trading skills. So, to make a profit, the trader must predict a chain of strike-levels cleared by the price. Thus, the profitability of such an option taking its complexity into consideration is up to 720%.
- the “follow the spot” option is a kind of semi-automatic trading in which the trader receives signals from other professional traders he is connected to in the terminal.
There is also a “Live” service presented in the terminal, which shows the ratio of purchase and sale positions opened by the total number of LBinary traders.
There is no education at LBinary, which incidentally tends to be a certain pattern at brokerage firms that emerged after 2010. Perhaps this approach is a new trend in binary options market, as this fact has no other logical explanation. Today, the website of each third company shows the lack of training or its poor quality, despite the fact that the level of trading terms, the list of options as well as the overall image of these companies are at their best.
Professional support 24/7
The company support is provided in a popular nowadays 24/7 format with the possibility to contact via online chat, telephone or e-mail. English is included in the list of supported languages.
Currency funds deposit and withdrawal
Depositing of customer’s funds can be carried out with the help of the provided Visa, American Express, MasterCard and Delta payment services. The depositing is instant, but one should wait for 3 days to withdraw. It should not be forgotten that it is necessary to verify the account in order to withdraw funds.
LBinary is a brokerage company with exceptional trading opportunities, which were manifested in extending platform functionality with valuable tools. At the same time, additional service consisting of education and customer support is at a low level. That is why it is difficult to clearly assess the said company.
Let us highlight the advantages:
- minimal deposit of 100 USD;
- minimal trade – 5 USD;
- top class platform;
- replicating successful traders trade function;
- exclusive options selection;
- sufficient selection of financial assets;
- long-term trades availability;
- intuitive trading;
- good security level;
Essential drawback :
- a lack of technical analysis tools in the platform.
LBinary is the broker of contradictions as mentioned above. On the one hand, there are innovative stock trading products, trades replicating feature, introductory and subsequent bonuses, a good selection of assets and options. On the other hand, all the services are too simple, that is alarming and states the lack of their elaboration. You are the one to decide what is more important: LBinary Company excellent trading conditions or associated service, as some of the trading opportunities offered by the company are simply unique.