LBinary recently changed their name to Ivory Option, so all links from this review goes to Ivory Option site, but every other feature here except the name still apply.
LBinary is relatively new broker, founded 2013 in Cyprus and have got reasonable amount of customers during these few years. They use SpotOptions software which is one of the best on the market and easy to learn even for beginners. Their site looks good and customer services are provided with multiple languages. Nevertheless they appear to be good and trustworthy site, but there are few vague and suspicious features in their policies. We will reveal those in this review.
LBinary in a Nutshell
- Platform: SpotOption
- Founded: 2013
- Bonus: Up to 100%, max $5000
- Return on average 70-85% / 0-10% refund
- Maximum profit: 85%, One Touch 720%
- Minimun Deposit $250
- US Traders: Accepted
- Demo Account: No
- Regulated: No
- Mobile Trading: Yes
- Cysec License: Coming
- Options: Standard, Range, Touch, 60 seconds
- Expiry times: 60 sec, 5 min, 15 min, hour, daily, weekly, more
Bonuses and Types of Accounts
LBinary offers 5 different Account types: Micro, Silver, Gold, Expert and Platinum. Those are dependent on the initial deposit amount that trader makes. All the following account includes features from the previous one and some extra to it.
Micro account: This account requires the minimum deposit of $250 provides email support and an account manager for the trader.
Silver Account: To be able to get the silver account trader must deposit $1,000 to access. Silver account includes a learning session with account manager for total of 60 minutes to familiarize the trader with binary options and the platform.
Gold Account: Minimum deposit of $5,000 makes you real trader and lifts up the trader to the elite Gold account. This upgrade gives additional two more benefits; quicker money transfers and insight to trading strategies learning material.
Expert Account: To achieve expert account trader has to make a full $ $20,000 deposit to right of entry to his Expert level. This account level includes all the previous features and adds the useful one-on one trading feature. This one-on –one session will give plenty of useful information even for experienced traders. When a professional trader advices trader how to make maximum profits and how to avoid biggest mistakes, it will save a lot of money for too risky investments. This way the trader will more likely to reach his/hers goals of trading and make profitable investments with binary options.
Platinum Account: The ultimate account of LBinary is Platinum account and it requires massive deposit of $50,000 to reach this level. It adds professional VIP Signal Service for the trader’s toolkit. The Signal services are highly useful tips from professional brokers to the trader about market changes and events that will occur. This helps to determine whether the market or single asset will go up or down.
With The Real Robot traders can get the maximum potential out of their trades and time. Sign up and test it for free.
Unfortunately LBinary does not have demo account at this moment to invest with but they probably will add it very soon.
LBinary’s maximum payout is somewhat high 85% and many forms of trades gives something between 75 to 80% which is quite average in the industry. What really stand out is their one touch options that will reach unbelievable 720% payout. This is way more than most of the competitors can offer. This is their special and therefore very fair deal to traders.
Most important features
LBinary’s trading platform is made by SpotOption which is in the market leader position. It is reliable and easy to learn and use. SpotOptions’s trading platform is well known and used in many broker sites. The software is used by tens of thousands of traders in multiple broker sites and it has good reputation. There’s rarely seen a negative feedback of SpotOptions platform and in that perspective LBinary satisfies most traders.
How to Trade
The platform of SpotOption is easy to use and guides how to trade are easily found from the site and all over the internet. LBinary offers the usual set of options, pairs, long term, sixty second, One Touch, Ladder and some additional such as FX/CFD and SpotFollow sections where you can follow how other trades are managing and copy their investments.
Appearance of the site and platform is simple and beginners will learn to trade immediately. More time takes to determine the right trades and directions of asset values. For more experienced traders the platform will be straight forward to take actions.
Options expiration times will vary depending on what option is taken to trade. Most common short term investments are 30, 60, 120, 180, and 300 seconds options. There are also expirations of 15, minutes, 30 minutes, one hour, rest of the day and many more. In the long term options section, there are available one week, 2 week, 3 week, one month, two months, three months, 6 months and the rest of the year.
Depending on the option type the trades can be made at minimum of $5 to $25 per single trade.
What to Trade
LBinary offers wide range of assets for trading. They have the usual asset such as currencies, stocks, indices and commodities. These are the regular which can be found on almost every binary option broker site and there’s enough assets to choose from. Their special thing is to have bitcoin/currency pairs among other currencies which are additional little mix in the regular pallet of currencies.
LBinary also has the forex trading and CFD products in their categories. With Forex trading it is possible to trade currencies as a real investor. CFD products make leveraging possible for trader. The amount of leverage applied can be set between 1:10 or 1:500 for initial investment. This makes investments more risky, but as they succeed also the profits will be better.
Totally of approximately 100 assets are available to trading and with the different option methods such as high/low, One touch, Ladder, Forex and CFD’s there is plenty to choose from. Even the most demanding traders should find this site satisfying. The Spot Follow trader follower can be applied to all the methods and shows results in all categories.
To all these options the robot can be set to do trading and reduce the work load of the trader. Read more about the Binary Option Robot from the main page or test it in the action right away by free sign up. Now you can get it free by clicking the button below.
Deposit to LBinary can be made via credit card or bank wire transfer. They support several credit card options for that.
Withdrawal works best if the account is properly verified and that is what we encourage all traders to do. Minimum withdrawal via credit card is $100 and it’s free of charge and for bank transfer the minimum is $500 which is relatively high. Withdrawal fee for bank transfers will be $25 at the moment.
If the bonus is accepted the bonus money and the deposit must be invested in trades 25 times to be able to withdraw it. Therefore might be good to think whether trader should accept it at the first place.
Withdrawal itself may take 5-7 days to be completed.
LBinary offers the same mobile version as other brokers that use SpotOptions platform. Mobile trading platform is extremely easy to use and simple even with smaller screen.
Trades can be followed and operated on mobile from anywhere in real time. Mobile version is easy to access by signing up and downloading the app from Google Play or App Store.
LBinary offers something to chew for beginners in their introduction to binary option review. They have how to trade section and comprehensive glossary for traders who wish to learn those before they start investing.
Market reviews are given daily on short video tutorial and news section that gathers all the important events in one economic calender. This is very useful for traders who want to succeed extraordinary well.
Lbinary customer service helps traders via live chat, phone or email with several languages.
Facts and Company
LBinary is founded in Cyprus at 2013 and is going to have the Cysec lisence in the future. The regulation process has started and is expected to conclude very soon. As they get the licence, their operations will be more transparent to traders and all visitors of their site.
Conclusion about LBinary
Thus LBinary seems to be an trustworthy and liable actor on the market it has had some rumors of strange policies in their policy terms. Therefore we strongly suggest reading those policy terms at effective at any given time that sign up and deposits are made.
Overall raring based on above review will give LBinary to be somewhat average on the trading possibilities and does not stand from the ground that strongly. The fact that it has not been regulated by Cysec at the moment will lead to lower rating and the somehow suspicious reputation regarding their withdrawal policies lead also to a little bit lower score. But I have to emphasize that we found no evidence of any wrongdoing. So as far as we know LBinary is very trustworthy and good place to invest. And let’s keep in mind that they wish to get CySec lisence very soon, so it is clear that they have act very ethically and honestly to get that.
Overall review we will give LBinarys 4,0 stars out of 5 as binary options broker site.
Open an account by clicking the button beow to get familiar with LBinary
Written by Michael Allen