LibraOption
Brief information about the company LibraOption
LibraOption is a broker that provides traders with the opportunity to trade in the binary options market. The company was founded in 2012 by a team of trading professionals. The broker’s headquarters is located in the capital of Saint Vincent and the Grenadines. Currently, LibraOption does not have a license, and the company does not have offline representations.
Trading instruments on the LibraOption platform
LibraOption offers traders the opportunity to trade binary options. Clients choose exchange-traded assets themselves, such as oil, currency, precious metals, stocks, and others, and indicate the expected behavior of these assets in the market. Traders then specify the percentage payout for successful trades and compensation in case of losses. It is important to note that traders do not purchase the assets themselves but earn on bets on their movement.
Trading conditions and accounts on LibraOption
There is no information on trading accounts and trading conditions on the broker’s official website. The minimum deposit size, leverage, and spreads are not disclosed. This information can be obtained from the company’s consultants or after registering in the personal account.
LibraOption trading platform
Currently, there is no available information on the description of the broker’s trading terminal.
Account funding and withdrawals
To open a deposit on LibraOption, you can use a bank card, electronic or bank transfers, as well as wallets of various systems for online payments. The company claims that money is credited to the account instantly. Withdrawals are available through the same methods and to the same payment details used for depositing. The processing time for withdrawal requests is from one to three days. There is a withdrawal fee, but the amount is not specified. It is stated that the fee is minimal if withdrawals are made once a month; otherwise, a fee of $10 is charged for each transaction.
Registration and login to the personal account on LibraOption
On the website’s top panel, there is a “Registration” button. After clicking on it, a small form appears that needs to be filled out to become a client of the broker. After filling out the form and reading the “Terms and Conditions” document, you need to log in to the LibraOption personal account and deposit the minimum amount for automatic verification. Often, before withdrawing funds, the broker requests clients to provide photos or scans of identity documents, which also need to be uploaded to the personal account.
Bonus program at LibraOption
LibraOption offers bonuses for depositing funds to all clients. To receive bonuses, you need to enter a special code, called a bonus code, in the “promo code” field. The size of bonuses depends on the code and the conditions of the promotions held by the broker. Bonus funds can be used in trading and withdrawn, but to withdraw, it is necessary to “turn over” the bonus and deposit funds 30 times. If this condition is not met, and the client accepted the bonuses, withdrawal of funds will not be available.
Conclusion
We recommend not to rush with opening a deposit on LibraOption. Before making a decision, familiarize yourself with the trading conditions, study the legal documents, and read reviews about the company online. If you have any questions, seek advice from an expert.