Lbinary is owned by Live Binary Ltd. 15 Arch. Makarios C. Avenue 1065 Nicosia Lefkosia, Cyprus. Lbinary was founded on February 1st, 2013. Lbinary can be reached in the UK at toll free UK: +44 8000 483 8507. Their number in the United States is (888) 882-0975.
Lbinary is available in the following languages; English, Spanish, Russian, German, French, Arabic, and Italian. They are currently redoing their website to improve the localization for the non English versions.
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. Lbinary does 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, see it here.
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.
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.
Being a new binary option broker Lbinary has yet to apply for regulation.
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 (EU)? LBinary is not regulated by any government regulator.
On June 6th 2013 the SEC wrote an investor alert regarding binary option scam brokers.
The SEC and CFTC have received numerous complaints of fraud associated with websites that offer an opportunity to buy or trade binary options through Internet-based trading platforms. The complaints fall into at least three categories: refusal to credit customer accounts or reimburse funds to customers; identity theft; and manipulation of software to generate losing trades. Read entire alert on the SEC website here.
There are many binary option brokers that are “Co-operated by Hortense Holdings Limited”. We have no idea who Hortense Holdings Limited is and what Co-operated means. One broker had this information for contacting Hortense Holdings Limited. Their address is Suite 24, Watergardens 6, GX11 1AA, Gibraltar. Telephone: + 44 2075721242 Fax: +44 2075721244 E-mail: firstname.lastname@example.org.