The Gibraltar-based LBinary options broker has grown into one of the top online binary options brokers in service today since its 2012 launch. It has won numerous awards from broker review sites, and after spending just a few minutes trading at LBinary.com, it is easy to see why. They use the nearly flawless SpotOption platform, have wonderful and innovate extras such as their social trading platform, and they offer some of the best bonuses in the business.
Software and Features
The platform at LBinary.com is powered by SpotOption, which means that it is incredibly intuitive and has a wide range of options and functions. The website itself is very well-designed with cool, crisp colors and an easy-to-navigate member’s area. LBinary also supports mobile trading, which is quickly becoming a must for any serious broker. One of the most interesting things found during our LBinary review was their social trading platform, where you can interact with and track the trades of other successful traders in order to work together to develop profitable strategies. A decent, but hardly extensive educational library is also offered. Customer service is excellent and available in multiple languages over the phone or through live chat.
Option Types Offered
The LBinary broker list of underlying assets is about industry average, with around 60 currencies, stocks, indices, and commodities available, including bitcoin. There are one-touch trades and 60-second trades along with standard call and put trades. A large number of expiry times are available through the options builder features, and the meta options trading platform allows you to adjust trades before they expire. Although they advertise the highest payouts in the industry, the LBinary maximum of 85% is very good, but not amazing.
Account Types Offered
Depending on how much you deposit at LBinary.com, you will be given any one of five different account types. The minimum deposit is a very reasonable $25, but the micro account has very few features beyond normal trading and access to customer support. In order to truly take advantage of the LBinary bonus of as much as 75%, larger amounts need to be deposited. Higher level accounts offer features such as personalized trading sessions, larger bonuses, and faster cashouts. Deposits are rather limited as they are only accepted via major credit cards.
LBinary does everything well, and very little badly. There are plenty of types of options to trade, the platform is wonderful, the bonus generous, the customer service great, and the social trading platform interesting and innovative. Not only will beginners find LBinary a great place to start, veteran traders will be impressed by this broker as well.