LBinary Review
Advantages

Info

Name LBinary
Website LBinary.com
Established 2012
Country Cyprus

Advantages

Advantages

Excellent bonuses
Great customer support

DisAdvantages

Disadvantages

Up to 72 hour withdrawals (but can be shorter)

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LBinary Review

10

Although LBinary has been around for a while, they’ve recently landed on our radar again, as they’ve upgraded and updated their offerings. LBinary, a brand of Chelestra Limited, Gibraltar, is a binary options trading broker that provides investors access to underlying assets such as stocks, indices, commodities and currencies. LBinary maintains locations in several places: Nicosia, Cyprus; London, UK; Victoria, Seychelles.

General Information:

Minimum Deposit: None
Maximum Payout: 85%
Web Languages: English, Arabic, Germany, Italian, French, Spanish, Russian

LBinary

Accounts

There are 5 different accounts to choose from at LBinary: Micro, Silver, Gold, Expert and Platinum. The first thing you notice when checking on these accounts is that there is no minimum deposit required for any of them.

The other features of the accounts are clearly outlined. Each account is provided with its own personal Account Manager. The Account Managers are assigned according to an investor’s language and geological region and are available along with customer support, through telephone, email and live chat 24/7.

All account holders of LBinary receive a one-on-one live trading session with a professional binary option broker, upon their request.

LBinary promises to release withdrawals within 72 hours for all account types. We were unable to test this assertion and there have been recent complaints of difficulties by some traders with untimely withdrawals.

Features

LBinary’s platform is 100% web-based and requires no software to download. Their mobile application is designed for smart phones and tablets that use either Android or Apple’s iOS technology.

When choosing a broker for any investment vehicle, one of the main considerations to keep in mind is its trustworthiness. LBinary does not have any regulation which is a shame as when it comes to dependability and trustworthiness, being under the aegis of a recognized regulatory organization can be very important.

With or without regulation, one way to check out the trustworthiness of your broker is by using the services they promise to provide their clients. Executing entry and exit trades in a timely efficient manner is of major importance. A few minutes can make the difference between profiting and losing on a trade. Opening an account for any broker is a simple process and taking your deposit is usually a breeze. When it comes to withdrawing your money, however, be extra cautious. LBinary provides both services in a fair manner.

Bonuses

LBinary offers a 100% deposit bonus (up to $3000) just for opening an account, which is extremely generous as compared with other binary brokers. Once a trader has an established account, however, LBinary is not so eager to release bonuses and prefers to offer other incentives, such as free tutorials, chat and 24-hour client service.

Platforms

LBinary

The description of LBinary’s platform is very sparse and there isn’t very much information provided.

However, some information is provided such as the fact that the platform’s pricing and execution modules use advanced technologies to insure traders’ overall satisfaction. It is also adaptable for both short term and long term use.

LBinary

LBinary offers standard trading types including 60 second trading, One Touch trading, Pairs and the Option Builder. In addition, LBinary now offers investors the ability to trade Ladder Options, which are the newest form of trading binary options. Ladder options offer 5 times the pay-out rates as a typical Binary Option, and can open 5 separate price positions at the same in multiple directions.

All in all, Lbinary is an interesting broker but one that should be regarded with caution.


10 Comments Add Comment

  • H.abby

    If you have been scammed please e-mail Mr.Edward Norton, he is a lawyer and is currently in the process of putting together a class action against Lbinary.
    edward.norton@giambronelaw.com

    the more complaints we have the faster the process to get back our money. 

    H.abby January, 2015
  • kaseong

    Recent experience with LBinary was bad. My account was at $50,003 starting in May 2014. No bonus. It reached $76,033.63 as of 31/8/2014. I submitted a request for withdrawal of $26,033/- on 1/9/2014. This amount was deducted from my account on 4/9/2014. I waited and waited and waited, I send them emails after emails, until today 29/9/2014, I am yet to received my wire-transfer. I repeatedly ask for where about of my fund and the proof of wire-transfer slip, there is no reply at all. This company is bad in service when it comes to withdrawal. They claim that they process withdrawal in 5-7 business days. They did (by deducting the amount from the account), but did not send the money or failed to prove to me that they did send the money. Any suggestion?

    kaseong September, 2014
  • kaseong

    Recent experience with LBinary was bad. My account was at $50,003 starting in May 2014. No bonus. It reached $76,033.63 as of 31/8/2014. I submitted a request for withdrawal of $26,033/- on 1/9/2014. This amount was deducted from my account on 4/9/2014. I waited and waited and waited, I send them emails after emails, until today 29/9/2014, I am yet to received my wire-transfer. I repeatedly ask for where about of my fund and the proof of wire-transfer slip, there is no reply at all. This company is bad in service when it comes to withdrawal. They claim that they process withdrawal in 5-7 business days. They did (by deducting the amount from the account), but did not send the money or failed to prove to me that they did send the money. Any suggestion?

    kaseong September, 2014
  • PrinceWonder01

    OMG!!! I have never come across such a blatant fraudulent bunch in my life. It all started when I had only deposited €250 into my account but noticed that within a week, they had taken a further €500 bringing the total to €750. When I called & asked why they did that, they said "they had spoken to me & I agreed to top up my account to get VIP treatment or whatever".. huh????

    I had never spoken to these people & they saw it fit to take whatever they wanted from my account. I should have seen the signs & gotten away then but I stayed on & traded till I was able to bring my account to just over €2,000.

    To cut the very long story short, I have asked for a withdrawal 3 weeks ago, almost 4 weeks now. I was told after the first week that my account Manager would call to verify which he did & I haven't heard anything since.
    Similar to the other guys, I have called them & they keep hanging up on me, they refuse to answer my emails, after initiating Live chat, they have taken it off my page, I mean the list is endless....

    PLEASE, PLEASE, PLEASE stay away from these guys. I wish I had reviewed them properly before depositing & now it's a nightmare. They are also not regulated by the regulatory body which is in itself the biggest warning possible to avoid them...

    However they do not know who they are messing with. If I have to fly over to Cyprus & dig them out, that's what I will do & I will gladly spend my last dime doing that....

    WATCH THIS SPACE!

    PrinceWonder01 July, 2014
  • MBE

    I too feel like I have been a victim of L Binary

    There are 4 issues which have affected me personally

    1) The success rate of trading using LBinary Brokers and Analysts is very low.

    When I was talked into opening a VIP account I was told that the number of quality winning signals would be around 80% and this was demonstrated to me. However the winning rate has been running at only 40% for over 4 months now. My broker has been trading for me on a managed account and he has only been able to achieve a rate of 40% winning trades.

    2) Bonuses and Insured trades = An entrapment

    L binary offers a new investor bonuses and insured trades but what they neglect to do is inform you of the trading limit you need to meet in order to be able to withdraw your money . The trading limits = (deposit + bonus + insured trades ) x25 which in my case equates to nearly $ 3 million dollars. That means before I can withdraw a single cent I have to spend $3 million on trading – and unachievable task especially when the winning trading rate is only 40%

    The brokers did not advise me of this, in fact I have it in writing that they said I could withdraw money after a month. The T & C are not available on the website – when you click on it takes you through to a chat room. In the FAQ the question on bonuses is general and does not detail that formula. They do not get you to sign a T & C form

    The brokers will tell you one thing but this is not honored when you ask to withdraw money.

    3) Over Promise and Under Deliver

    When talking you into opening an account especially a VIP account Lbinary brokers over promise and under deliver. Beware! I have been promised the earth by a broker and his boss but when it comes time to deliver they do not want to know you

    4) Dispute Resolution

    When things go wrong it is impossible to get hold of a manager to take action and I have found emails have not been responded to and my calls have not been returned. Even though they admit making a mistake there is no compensation other than investing more money, getting more bonuses and being entrapped even further.

    My broker did not follow the trading rules of either passive or active trading and did not follow instructions to only trade to a certain figure. As a result the broker lost all my money. In stepped his boss and promised if I invested x amount more he would ensure the account was successful and that I could withdraw half my investment in one month and the other half in the second month. I have requested that that money be withdrawn but it has been denied due to the fact that I had not reached the trading limit – the first time I had heard about it

    State of the problem : ongoing

    MBE March, 2014
  • trueman

    Dear Reader/Investor/Exisitng live account holder,

    I am a victim of fraud from http://www.lbinary.com. I strongly inform all future or current investors not to put any additional funds or invest any new amount
    with this broker. Once your investment is in their hand you had burned your finger. You will never get back your investment. Once you invested they
    will keep on calling you telling that good opportunity in market and put more money. Don’t ever fall prey to such requests. They will never return your money.

    THERIR TARGET IS MOSTLY FROM MIDDLE EAST INVESTORS. RON RAMNY AND MARK IS THERE WHO WILL CHEAT YOU AND YOUR MONEY.
    BEFORE YOU INVEST MONEY, PLEASE CALL ME OR MAIL ME. I SHALL GIVE YOU ALL DETAILS IN MY MAIL. THERE ARE A GROUP OF OTHER BIANRY TRADERS SITTING IN UK
    WHO DON’T HAVE A REGISTRATION IN UK. THEY NORMALLY TOOK REGISTRATION IN CYPRUS/ BAHMAS/SECYHCELLE/ CAMYAN ISLAND AND OPEN A BRNACH OFFICE THERE.
    GET CHEATED ALL WAYS AS TEHRE IS NO REGULATION IN UK.

    I REQUEST ALL THOSE WHO CHEATED THORUGH THIS BROEKR TO JOIN WITH ME AND FROM A GROUP AND THEN WE CAN COMPLAIN TO MASTER AND VISA CARD AND
    ON REPEATED REQUESTS FROM DIFFERENT CLIENTS THEY ARE NOT ABLE TO TRANSCAT IN THIS NAME.

    MY CONTACT DETAILS ARE HERE BELOW:

    EMAIL : MAIL_ADM85@YAHOO.COM , TEL : +97150-4451629

    YOU CAN CONTACT ME AT ANYTIME. DROP ME AN EMAIL BEFORE CALLING .



    THANKS TO ALL !

    trueman March, 2014
  • Rk1985

    Worst people to trade with. Frauds

    Rk1985 February, 2014
  • larrykos

    I have had good experiences with Lbinary. Their new website is high tech and pretty easy to navigate. The only thing missing is a long term demo account.

    larrykos January, 2014
  • Shel3245

    I'm not sure what you're talking about - if you read the terms and conditions you should know exactly what to expect. I've traded with lbinary before, and had a totally fine experience. I was able to withdraw when I wanted and everything was fine. Lbinary has great customer service and is great for new traders like me.

    Shel3245 December, 2013
  • bmarshall6728

    Be aware of all Terms and Conditions. Account manager will tell you something different and even put in writing ID; email and Lbinary does not honor written information from account manager.

    bmarshall6728 December, 2013

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