LBOption, also known as London Binary Option, is a new binary options broker that was recently established in the middle of 2015. Just as its name indicates, the broker’s main office is located in London, England. LBOption supports over 55 trading assets including currencies, commodities, indices and stocks.
They offer a large number of currency pairs and many major stocks companies are supported on the platform. The broker offers a payout of between 85% – 90% for the standards call/put options. You can expect to earn a ROI of up to 80% when you trade stocks.
LBoption Platform Review
LBOptions offers the web based Hello Markets trading platform as well as a mobile platform for traders. There is a variety of expiry time including 60 seconds, 10 minutes, and 1 hour. As soon as you make the initial deposit, you can begin trading in the binary options market.
LBOptions offers a unique trading platform that features an integrated automated trading robot and trading signals. Activating the trading robot feature allows you to perform automated trading. The free trading signals can be accessed under the Signals tab on the trading platform. Every trader will be assigned with an individual account manager. You can open more than one positions at one time and they don’t charge any commission on your trade.
Six types of charts are supported on the platform. It also support a few types of technical analysis. The interface of the entire platform can be customized to suit your trading needs. The social trading feature allows you to take a look at the trades conducted by other traders and copy them. Copying the profitable trade of other traders can increase your chances of winning in the binary trading. The LBOption’s mobile platform is a mobile app which you can download onto your Android or Apple devices. The mobile platform features advanced charts, social trading and more than 250 markets.
Types of Trading Accounts
LBOption offers 4 types of accounts including Basic, Silver, Gold, and VIP. Basic account only requires a minimum deposit of $100 and you will receive up to 25% welcome bonus. With a Basic account, you get access to a personal broker for one time every week. Silver account has a minimum deposit requirement of $1,000 and offers a welcome bonus of up to 50%. You get training from a personal broker twice a week if you have a Silver account. Both social and robot trading are supported in the Silver trading account.
Gold account requires an initial deposit of $5,000 and offer up to 100% welcome bonus. You can get training with a personal broker every day and you will also get trading alerts. VIP account has a minimum deposit requirement of $10,000 and offers up to 150% welcome bonus. If you have a VIP account, you can get 24/7 training with a personal broker.
LBOption accepts Visa/MasterCard credit card, uKash, UnionPay and Skrill for deposit and withdrawals. The minimum amount you can deposit is $100. They have the lowest minimum trade size as they allow you to place a trade at just $1. The funds can be deposited into your account in 3 currencies including Sterling, Dollars and Euros. The balance in your account can be withdraw at anytime. It takes approximately 12 hours for them to process your withdrawal.
LBOption’s customer support department can be reached by email, telephone and live chat. There is a FAQ section where you can find basic information on binary options trading, and deposits/withdrawals.
LBoption scam or legit?
In conclusion, LBOptions is a new broker but it is slowly gaining the confidence of traders by offering a high quality platform and responsible customer broker. LBOptions’ platform is special in that it offers free automated trading feature and free trading signals.