LBinary is a very reputable broker that was established in 2013. This broker has many great advantages that are in demand with traders and is available to the US market as well as globally. LBinary features the industry’s highest yield for One Touch options with a maximum payout of 720%. The platform also incorporates their revolutionary iFollow social trading feature and has one of the best mobile apps offered by any binary options broker.
iFollow Social Trading
In January of 2014 SpotOption introduced a social trading feature to their platform called SpotFollow. LBinary is the first SpotOption broker to implement it and have renamed it iFollow in their product offering. We should point out that this has nothing to do with iFollow Signals which is a scam signal service. LBinary as well as being an innovator has become an industry leader in binary options social trading. The iFollow feature enables you to filter out the best perfoming traders, examine their past performance and open positions. These top traders are ranked by their success rate and the number of followers they currently have. After you have identified the traders whose performance and trading style are to your liking, you can opt to automatically copy their trades. You may follow any number of traders and also decide whether you want to focus on specific assets or not. You can also decide on the trade size and total amount to invest for each followed trader. How long you want to follow a trader for, anywhere from 1 week to 1 year is also a parameter. Whilst past performance is not necessarily a guarantee of future returns, it can be beneficial for new traders to piggy-back for free on the skills of their more experienced counterparts. Lbinary traders may decide whether they wish to be a part of the iFollow social network or not. Unlike with forex social trading, the successful traders who are followed are not remunerated for the service they provide to their fellow traders but avail there trading info to others out of a spirit of community.
Lbinary offers a free downloadable mobile app for both iOS and Android mobile/tablet. There is also a mobile version of the website but the app offers a better experience. Lbinary’s mobile support is far superior compared to many other brokers.
Lbinary offers standard High/Low, Short-term, Pairs and Option Builder. Their features also include double up, roll over and sell early. One feature that stands out is their One Touch, which offers pay-outs of up to 720%! This is the highest offered payout offered by any binary options broker.Over 60 assets are offered including bitcoin.
LBinary Support & Security
Friendly and responsive customer support is available around the clock via email, live chat and telephone . Telephone support is toll free in 8 countries. Support is provided in 7 languages: English, Arabic, French, German, Spanish, Italian and Russian. Lbinary’s platform is fully encrypted and secured by SSL so you can be assured that your private personal information such as credit card details will be safe.
There have been a few complaints regarding LBinary in some binary options forums. However, these appear to be related to traders accepting bonuses or “risk free trades” which of course automatically result in accounts being barred from withdrawal. We, as has been stated before, strongly discourage traders from accepting any form of bonus or insured trades from any binary options broker. Doing so will automatically prevent you from making withdrawals until you have turned over a high required trading volume, which is normally very difficult to achieve.
Overall, LBinary has a good online reputation. In 2013 LBinary received the Best Execution Award from DailyForex.com. LBinary has also been endorsed by many other high profile binary options and forex websites.
Lbinary Deposits & Withdrawals
Deposits can be done via wire transfer or using most debit or credit cards. You will need to deposit a minimum of $250 to open a trading account with LBinary. Withdrawals are normally executed within 3 to 5 business days. Only amounts equalling deposits can be withdrawn to credit/debit cards. Profits made must be withdrawn via wire transfer. There is a $25 fee charged for wire transfers. There is no limit on withdrawals and credit card withdrawals are free.
LBinary customers receive market news updates on a daily basis as well a free ebook and exclusive One on One live trading instruction sessions on request.
LBinary offers an overall nice trading experience. The platform is clean and easy to navigate with a decent selection of assets. With their mobile trading, social trading,high payouts on One Touch, speedy withdrawals and friendly customer support they offer a very attractive package. On top of this, because of their global-wide availability , they make an excellent choice for US based traders but also have many clients from the UK, Canada, Australia and New Zealand.