This Scam Broker is Closed & Out of Business!
Always trade with a broker that is licensed in your country, see here.
You can read about pending lawsuits at Finance Magnates.
Lbinary was a binary options broker that was owned by LAS Holdings LTD. They do not have an address listed on their website. Lbinary can be reached in England at: (+44) 203 150 0119. Their email address is: [email protected]
For trader complaints, read this.
There are more than 70 robots and trading signal systems available look here.
The most popular & powerful software, is the Binary Options Robot, see here.
Trading Platform Review
In June 2014 they upgraded their trading platform to the new SpotOption 2.0 platform which gives traders better usability and easier trading options.
Lbinarys trading platform available in the following languages; English, Spanish, Russian, German, French, Arabic, and Italian. Most traders at LBinary are from the UK, Australia, New Zealand, and Canada.
Lbinary offers traders a feature called iFollow which is their social trading community. iFollow gives traders the ability to follow other successful traders for trading ideas. They do not provide any auto-trading features based on the signals generated from other traders, but it is a very nice feature that is quite helpful.
Bonus & Promotions
From time to time, they have a Risk Free Trades promotion, ask to speak with one of their account managers for more details about how you can receive your risk free trades.
When a new account is opened at Lbinary, investors may receive a Sign Up Bonus of 100% of their first deposit.
It works like this; If your initial deposit is $500, Lbinary will match that and place with an additional $500, so that your binary option account with Lbinary will show $1,000 in your account. Many complaints about binary option brokers stem from a misunderstanding of the “bonus money” that brokers offer.
There is an extensive article about withdrawal complaints that you can find here.
LBinary Regulation & License
When investigating a binary option broker to determine if they are a legitimate brokerage firm or just another online scam. We look to see if a regulator like the CySEC in Cyprus gave them a license. We also look to see if they are included in the MIFId regulatory rules in the European Union.
LBinary does not have a license, and is not a regulated broker.
24Option (read review) is a very large broker with a license from CySEC. They hold monthly trading competitions with huge prizes, see here. They are also popular with people using auto trading robots.
ETX Capital (read review) is a London Forex broker licensed by the FCA offering binary options trading also. Traders get free access to BlueSky Signals, see here. The minimum deposit is only $100, read more.