Brief informationLibraOption
LibraOption — is a broker for traders who want to trade in the binary options market. It was founded in 2012, as indicated on the website, by a team of trading professionals. The broker's headquarters are located in the capital of the island state of Saint Vincent and the Grenadines. There is no license. The broker does not have offline representations.
LibraOption trading instruments
The broker offers to trade in binary options. A trader independently chooses exchange-traded assets, which are oil, currency, precious metals, stocks and so on, and then indicates how they will behave in the markets. Next, you need to designate the payment in percentage for the winnings and compensation in case of loss. That is, you do not need to buy the assets themselves, traders get their earnings from bets on their behavior.
LibraOption trading terms and accounts
There is no description of trading accounts on the broker's website. Trading terms were not disclosed. The amount of the minimum deposit is unknown, the size of the leverage and spreads also remains a mystery. This information can be obtained from the broker's consultants or after registration in your personal account.
LibraOption trading platform
There is no description of the broker's trading terminal in the public domain.
Account replenishment and withdrawal of funds
You can open a deposit using a bank card, electronic or bank transfer, as well as a wallet of any system for making Internet payments. The money, according to the broker, will be deposited to the account immediately. The withdrawal is available in the same directions and to the same payment details from which the replenishment was carried out. The period during which the broker processes the withdrawal request is from one to three days.
The broker charges commission for withdrawal, but its size is not indicated. It is only indicated that it is minimal, upon condition that withdrawal is carried out once a month. If a trader withdraws money more often, then you will have to pay $ 10 for each operation.
Registration and login with LibraOption
On the upper toolbar of the site there is a button "Registration", you need to click it and a small questionnaire will appear. To become a client of the broker, you need to fill out this form, read the “Terms and Conditions” document and put a tick in the appropriate box. Next, you need to get in your personal LibraOption account and make a deposit. After the minimum replenishment of the account, automatic verification is carried out. Often, before withdrawing funds, the broker asks clients to provide photos or scans of identity documents. They also need to be uploaded in your personal account.
Bonus program
The broker gives bonuses to all traders for replenishment of the deposit. To get them, you need to enter a special code, called bonus code, in the “promo code” field. The amount of bonuses depends on this code, as well as on the conditions of the promotions held by the broker. Bonus funds can be used in trading and can be withdrawn. To withdraw, you need to “swing” a deal with the bonus and deposit funds 30 times. If this condition is not met, and the trader has accepted the bonuses, the withdrawal will not work.
Conclusion
We advise you not to rush to open a deposit. First of all, find out under what conditions LibraOption offers to trade, study the legal documents, and also read reviews about the broker on the network. If you have any questions, you should consult an expert.
