Blacklisted Broker – Do Not Trade Here
This broker is now part of the blacklisted group. We highly recommend you look at other reputable brokers here.
LBinary (www.lbinary.com) is a binary options broker geared toward your profits. In fact, their slogan is, “Leveraging your success.” They are a relatively new brokerage, but they have already won awards for their excellent service. In 2013, they were given the “Best Execution Award” from DailyForex.com, which highlights how beneficial the site can be for binary traders looking to focus on currencies. The trading site is completely web based, and very user friendly, even for brand new traders. They have a few different kinds of options for you, including some exotic choices, plus plenty of underlying assets to choose from. This site is definitely an up and comer in the world of binary options and worth a quick look to see if their trading platform can complement your trading style and help you to make more of a profit on a daily basis.
Getting ready to trade here is really easy. Once you decide to create an account, you just need to enter your personal information, including your name, country, phone number, and email address. Next, you just need to fund the account. LBinary accepts major credit cards and bank wire transfers, making it really easy for you to get going and start trading. Do be aware that there is an extra fee for bank transfers. Once you fund things, you’re ready to begin. Withdrawals are also easy to process, although it’s usually best to withdraw funds in the same manner that you deposited.
LBinary has some of the highest rates you will find for regular binaries on the web. They have a high point of 85 percent, which is well above the industry standard of the high 70s. They also have a few exotic options to choose from, including one touch and 60 second options, in addition to the traditional call and put options. There are a lot of brokers out there that have these choices, and even a few that have higher than normal rates, too. What makes LBinary different is the fact that they have a tiered investment plan which makes it really easy to customize your trading strategy. There are five different plans, ranging from the very basic Micro account, up to a more advanced Platinum account. The higher end plan comes with a lot of extras, such as a 1 on 1 trading coach, video trading lessons, and an exclusive VIP phone line, specially geared toward answering your questions the moment they might arise. All accounts–even the Micro–come with advanced email support and an account manager.
LBinary offers all of the basics that you could want. They have the typical stocks and indices, commodities, and Forex currency pairs, but they have a larger number of them than most other sites do. They also offer a big selection of asset pairs. These are pretty advanced, but they open up a number of possibilities that you won’t find anywhere else. Pairs are a great way to build wealth off of an asset’s comparative momentum.
If you are unsure of how to begin, or whether this site is right for you, then you can always trade with their demo account. To set this up, you will need to contact their customer service department and have them set one up for you, but this is a great way to get a jump on learning the basics of binary trading and learn the nuances of the software platform–both of which will help you to avoid big problems in the future that would easily have been avoided if you were familiar with what you were doing.
The Bottom Line
LBinary is a great site for advanced traders to find some extra opportunities to make money with, but that’s not all who will benefit from using their services. Even starting traders can find a way to make a big profit here by utilizing their competitive rates of return, extended educational resources, and helpful customer service personnel. Trading can be tough under any circumstances, but LBinary has the tools to make it a touch easier for you to learn how to find extra chances to make a few dollars. Over time, this will quickly add up to a big difference within your trading routine and profit making ability.