LBOption aka London Binary Option was a binary options broker. LBOption is owned by Markit Ltd which is located at: Trust Complex, Ajeltake Road, Ajeltake Island, Majuro, Republic of the Marshall Islands MH 96960.
Their phone number is: +44 (0) 208 050 1237, and their contact email address is: [email protected].
LBOption Platform Review
While reviewing LBOption, we see that they use the Hello Markets trading platform. There are more than 55 assets for trading on, including Forex, Commodities and Popular stocks.
They offer many unique and exotic currency pairs for trading, including options on the Polish Zloty, Indian Rupee, Singapore Dollar & Mexican Peso. The return on $EUR/USD binary options is 85%.
Their time frames are listed different than other brokers. A 15 minute option, expires at 15 minutes of the hour, and a one hour option expires on the hour. So for example, if it is 10:17 am and a trader selects the 45 min option, the option will expire at 10:45 and not at 11:02.
Minimum trade size is $5, and the maximum trade size is $10,000. New account minimum deposit is $100.
Trading Signals & Robot
Their trading platform is quite unique as it offers built in trading signals. Additionally traders can follow other traders, and they offer an automated trading robot.
WARNING: Many auto trading systems don’t work, read more about trading robot scams.
The best automated trading robot can be seen here.
LBOption License
The first thing that we look for when reviewing a binary options broker to determine if they are a scam broker or a legitimate broker, is a license. We want to know if a government financial regulator like CySEC in Cyprus, or ASIC in Australia gave them a license. We also check if they are registered with the FCA in England.
When we reviewed LBOption we saw that they do not have a license.
Traders looking for a licensed broker should see the list of licensed broker here.
Compare LBO
There are many binary options brokers to choose from. The difference between brokers is primarily the trading platform they use and they assets they offer.
Trading seeking an automated trading software usually choose one of these.