Review of the Binary Options Broker LBinary
LBinary is a binary options broker from Europe which is specialized on various types of options based in different kinds of underlyng assets, such as Forex (currency pairs), stock indices, stocks of different markets and commodities like gold, silver and platinum. This broker was founded in 2012 and offers various types of binary options through a web based trading platform.
Type of Broker
LBInary is a Binary Options Broker.
Country of origin
The main offices of this company are located in Cyprus and it has offices in other countries like United Kingdom.
No information about it.
Currently, this broker offers the possibility to operate with options based on the following financial assets:
- Forex Market: 9 currency pairs in the Forex market, including the most important as the EUR/ USD, GBP/USD, USD/JPY and USD/CHF among others.
- Commodities: 6 of the most important and traded commodities in the market like gold and silver.
- Stock Indices: 25 major stock global indexes of the main stock markets, such as the S&P 500, Dow Jones, FTSE 100, CAC 40, Nikkei 225 and S 180.
- Stocks: 22 of the most important stocks worldwide, including IBM, Coca Cola, Google, Apple, BAE Systems, Rolls Royce, Reuters, Tata Motors, Gazprom and Lukoil among others.
Types of Binary Options
The customers of this broker can trade with the following types of binary options:
- Above/Below options: It is the most common and popular kind of binary option thanks to the fast and high profits that it offers and its relative operational simplicity compared to other financial instruments. In these options, the trader must predict whether the price of the underlying will finish above or below the opening price of the position after ending the contract expiration period. Usually the Above/Below options offered by LBinary to its customers have a maturity of 1 hour, however, the investor also can speculate with options that have shorter or extended maturities from 1 minute to 1 week.
- One Touch Options: This is a more complex binary options as it has different features compared to Above/Below options. In this case the trader must predict whether the underlying price will reach or not a specific price level or barrier before the option expiration. These options are a type of barrier option in which the option is exercised immediately at the time when the price reaches or exceeds the barrier, even though the expiration period has not expired. Usually One Touch options have a maturity longer than the Above/Below options and offer a performance up to 720% in the case of this broker.
- Custom Binary Options: These are binary options in which the trader can specify the main parameters of the trade, as the underlying asset, the maturity period, the transaction level risk and performance or gain if the option expires In The Money. Basically, these are Above/Below options created by the traders according to their requirements and trading strategies, which gives them a higher level of flexibility.
- Pair Options: It is a relatively new type of binary option in which the trader speculates about the performance of a financial asset compared to another, as may be the case of a stock of a specific sector against another stock in the same sector. Two examples of pairs of assets to trade with these options are Apple vs Facebook and Silver vs Gold.
60 Seconds binary options: Above/Below binary options that have a maturity of only 60 seconds. For this reason, these options are ideal for fast transactions and exploit market price micromovements in volatile instruments such as Forex, oil or gold for example.
Payment Offered by LBinary
The performance offered by this broker for binary options that expire In The Money (winning trades) is the following:
- Above/Below Binary options: The performance is 70% to 89% of the capital invested by the trader in the option.
- One Touch Binary Options: The performance is 70% to 720% of the capital invested by the trader in the option.
- Pair options: The return is 70% to 89% of the capital invested by the trader in the option.
-For losing trades (binary options tha expire Out The Money), LBinary allows the trader to recover between 0-10% of the capital invested in the transaction. This limit the impact of losses in the customer’s account.
The types of trading accounts offered by this broker to its clients are:
- Regular Account: This is the main trading account of LBinary and is designed for beginners traders with little experience in binary options. It offers all the basic services of the company and requires a minimum deposit of $250.
- Micro Account: It is a type of trading account designed for traders with a little more experience in binary options trading. It offers live support 24 hours a day and five days a week, email support and an account manager. It requires a minimum deposit of $500.
- Silver Account: These are trading accounts which offer live support 24 hours a day and five days a week, email support, a 60 minutes lesson and an account manager. It requires a minimum deposit of $ 1,000.
- Gold Account: This account designed for experienced investors offers live support 24 hours a day and five days a week, email support, a 60 minutes lesson, training on trading strategies and an account manager. It requires a minimum deposit of $5,000.
- Expert Account: It is an account designed for traders interested in trading with large volumes. It offers live support 24 hours a day and five days a week, email support, a 60 minutes lesson, training on trading strategies, one to one training and an account manager. It requires a minimum deposit of $20,000.
- Platinum Account: This is a type of trading account for VIP customers. It offers live support 24 hours a day and five days a week, email support, a 60 minutes lesson, training on trading strategies, one on one training, telephone assistance and a VIP account manager. It requires a minimum deposit of $ 50,000.
LBinary has two online trading platforms which require no download or installation. These applications offer the following features:
-Trading platform based on SpotOption: Today is one of the most complete applications to trade with binary options. It has a simple and user friendly interface, which is designed so that it can be used without any problem even for novice investors. This platform includes several tradin tools such as price charts, updated quotes and positions management funtions. The trader can select the underlying asset, the type of option (call or put) and the investment amount.
-Open Platform: It is an online platform which unlike the previous application has an interface more focused on graphics. Open Platform is characterized by being easy to use and it also allows the trader to track open positions directly on the graphics. This can be useful for traders who prefer the information displayed in this way.
LBinary main platform includes the following additional tools:
- Double Up: If an option is close to maturity and for the moment is In The Money, and the trader believes that the market will continue in the same predicted direction, then he has the possibility of duplicating the operation by using the Double Up funtion. Through this tool, the investor creates a new transaction or position with the same conditions, but for the current price of the asset. Thus, it is possible to increase the investment in open positions, duplicate benefits once both options expire and capitalize immediately on a strong position.
- Roll Over: It is a feature that allows to postpone the maturity of a binary option. It is a useful tool when the market moves against the trader and it seems that the option will expire Out The Money. By extending the expiration period using the Rollover funtion, the trader increases the possibilities that the option expires In The Money. The Rollover can be used up to 10 minutes prior to the option expiration and requires an additional investment of 30% of theinitially invested capital (at the same time the operation performance is increased by 30%).
- Options Builder: It is a function that allows the traders to create their own binary options (custom options) according to their requirements. In this case the operator can establish the main features of the option including the underlying asset, the expiry time of the option (within a period of 1-24 hours), the amount to be invested in the trade and the option risk level. This allows to set the expected return if the option expire "In The Money".
Not for the moment, but the account opening is completely free.
Investors who have an account with LBinary can deposit and withdrawal funds through the following payment options: Bank Wire Transfer and Credit Card (the most important like Mastercard and VISA)
The deposits can be made both in Euros, Pounds and US Dollars.
Main Advantages of LBinary
The main advantages and additional services offered by this broker to its clients are:
- This broker offers regular promotions to its customers, primarily in the form of bonuses for the deposit of funds or risk-free trades.
- LBinary customers can trade with customized binary options through a funtion called Option Builder.
- The trading platform of this broker allows to extend the maturity of a binary option and duplicate a winning trade.
- This broker offers an online trading platform based on SpotOption.
- Daily Market Analysis by experts.
- Updated news on the market.
- No direct commissions charged by the operations of the clients.
- LBinary provides basic education on binary options through its website.
- A personal account manager for all clients who deposit $500 or more.
- One to one free training.
- Free support 24 hours a day.
- LBinary have an affiliate program called LBinary Affiliates which allows to earn money through the promotion of the broker services.
Main Broker Offers
It currently has a promotion that consists of 3 risk free trades for new customers.
Minimum account size
The minimum deposit to start trading with LBinary is $250
Minimum transaction size
25 US dollars/euros.
Maximum transaction size
1000 US dollars/euros.
Link to the website
Open an account