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LBinary Scam – Blacklisted

  • Conclusion:

    We make it our mission to not recommend anything but the best – which, according to industry experts, is IQ Option, the top regulated broker for your country with a minimum deposit of ONLY $10!

    Between 74-89 % of retail investor accounts lose money when trading CFDs
    Your capital is at risk
    1. This broker was proven to be a scam and this is why FBO blacklisted them, in order to know more, go to our Blacklisted brokers section.

      How LBinary Scam Cost Customer $10,000

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      Being in the top of the industry, it is normal, as in any business, to receive some criticism. When serving a large number of clients, with the best of effort, it is hard to escape from those bad reviews.

      As all of our clients know, we take our recommendations very seriously and have been known to remove brokers from the list if they didn’t serve interests of their and our customers.

      LBinary has excellent customer support that manages to solve any issues customers may have while trading or trying to transfer funds. LBinary is an international business with offices in Australia, USA, UK, Italy, Qatar, Cyprus and South Africa. They offer support in four languages: English, French, Arabic and Italian. This shows the broad customer base LBinary serves.

      Their trading platform is outstanding with user-friendly interface that runs from the browser. Any misunderstandings can be avoided since the option builder function enables traders to create options in their own terms. They can choose from a long list of assets: 20 stocks, 29 currency pairs (Bitcoin included), 7 commodities and more than 20 indices. A wide selection of indices is impressive since they represent some of the widest selection of daily predictable moves.

      With their global presence and interesting account options, LBinary presents a very compelling offer for traders who want to profit by trading binary options. Their accounts are set up so that the personal assistance is the main feature, which, undoubtedly, ensures happy customers and good trading results. Bonuses are not the highest in the business, but they are timed to a small turnover requirement. By offering global 24/7 support, they create one of the best trading environments out there.

      LBinary Options

      LBinary enables an easy and reliable way to trade binary options, the next generation trading experience. The idea behind the binary options trading is the focus on simplicity and profit. By removing most of the very demanding obstacles people usually face when trying to adjust their portfolio short term, binary options lets users focus more on the trading and less on the paperwork and confusing regulation.

      It is not complicated, and most of the time all it requires is a simple choice of the amount and the push on the high/low buttons. But there are other trading modes than the traditional that are offered. Traders can use the one touch or 60sec, by choosing it in the tab. If the expiry times are not satisfying traders style, there is always the option builder.

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      There are two things traders need to take into the account. First is a somewhat weird feature of the trading software to exclude the choice of different time zones for global customers. This in turn can confuse some traders who are, for example in GMT area, and the platform is set to EST. This is why traders ought always check the time difference.

      The other is education. Clients need to take time to study the materials on our, or the LBinary website to see how the platform works, and more importantly how to recognize price patterns that can help when deciding upon the next trade. This is important especially if your preferred style is trading on the 60sec tab which requires fast reasoning and a thorough knowledge of technical analysis.

      LBinary Minimum Deposit

      LBinary offers SpotOption based trading software run from the browser. Users can use their services to profit from the price moves in the underlying assets. One important decision for clients, upon registering is which is the best investment strategy. For users who are experienced, this won’t be a problem, for beginners, the account selection might be crucial in selecting the starting account.

      Minimum deposit with LBinary is USD 250, which is not the lowest offered, but it is a fair amount considering users need some time to get in the game, and less may not be enough always. Minimum deposit is the part of the basic account, or how LBinary calls it – investment plan, which includes e-mail support and an account manager. The basic account is called “Micro”

      Other investment plans are:

      ·        Silver – includes the e-mail support, an account manager and a 60 minutes lesson to get you started.

      ·        Gold – also considered the best offer, offers all the features of the Silver plan, and adds quick money transfer and a trading strategy. For beginners, this presents a very good package since it includes most of the basic features they will require for a successful start.

      ·        Expert – builds up on the Gold, and as its name suggests, it is for more experienced traders with additional requirements. They will find One-on-One trading helpful because then they get additional trading support to guide them trough the session.

      ·        Platinum – adds VIP phone line, to the Expert features, enabling a full-time direct trading support for the professionals.

      One-on-one is a useful addition not only for experts but also for beginners since  they get guided trading session which helps them build their binary options portfolio. LBinary believes that this personal approach is the key that helped them rise to the one of the biggest brokers in Europe.728x90_WARNING

      LBinary Withdrawal

      Withdrawing the funds is easy and fast. All the customers get the same withdrawal periods – with card faster, and up to a few days via the wire. Supported credit cards are Visa, Delta, MasterCard, Visa Electron, Maestro, MaestroUK (Switch) and solo. Maestro accounts must be verified with a MasterCard secure code. Bank registration must obtain the 3D code. It takes more time to transfer funds using wire. Fees may apply too. Minimum withdrawal amount is $USD or 100 EUR which is the lowest limit in the industry. This allows users to easier manage their portfolio and withdraw even smaller amounts.

      The currency will depend on the initial currency choice at registration. In case there are any problems, clients can use free chat window, e-mail or national phone numbers listed on the website in order to reach customer service and ask for help.

      Using the LBinary Demo Account

      Just like most online reputable brokers, LBinary has a demo account available as well. The demo account is very important because it enables traders to become familiar with all the different trading aspects available before officially investing their money.  This enables you to experience the trading world without spending any of your real money which is essential for beginner traders. This way, beginner traders will learn various techniques and strategies.

      LBinary provides interesting and very easy techniques for traders from different backgrounds. However, it is important to remember that the demo account is only going to be valid for about fifteen days. It is an excellent idea to attempt investing in assets (not the real money of course) so trader will be able to comprehend what exactly goes on and the different movements that take place. The main reason why demo accounts are high recommended for traders is because they decrease the risk that is involved in the process of binary options.

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      The demo account by LBinary is definitely a great experience that will enable you to learn. It constantly teaches and engages a user in various aspects through the different tools available. Traders can learn different aspects of online trading like reading tables, navigating the stock market, and implementing strategies or get experience in what it is like to have to make quick decisions in some situations such as when there is a sudden movement in the price of the assets etc.

    2. Your capital is at risk