LibraOption

• Categories: Binary options brokers, Ratings

Comprehensive Overview of LibraOption Brokerage

LibraOption is a leading brokerage platform that offers traders the opportunity to engage in binary options trading. Established in 2012 by a group of seasoned trading experts, the company is based in the capital city of Saint Vincent and the Grenadines. LibraOption currently operates without an official license and does not maintain physical office locations.

Asset Trading Options on LibraOption

LibraOption provides traders with a diverse range of binary options trading opportunities. Clients have the autonomy to select exchange-traded assets, including oil, currency pairs, precious metals, stocks, and more, and predict the market behavior of these assets. Traders can specify the payout percentage for successful trades and the compensation rate for unsuccessful ones. It is crucial to note that traders do not acquire the assets themselves but earn based on their market movement predictions.

Trading Terms and Account Information at LibraOption

Official information regarding trading accounts and terms is not readily available on the broker’s website. Details such as minimum deposit requirements, leverage ratios, and spreads are not disclosed upfront. Clients can obtain this information from the company’s consultants or post registration within their personal account.

LibraOption Trading Platform

At present, detailed descriptions of the broker’s trading terminal are not provided.

Account Funding and Withdrawal Processes

At LibraOption, clients can fund their accounts using bank cards, electronic transfers, bank transfers, and various online payment system wallets. The company assures instant crediting of funds to the account. Withdrawals can be made through the same methods and to the same payment sources used for deposits. Withdrawal requests typically take one to three days to process. While there is a withdrawal fee, the specific amount is unspecified. LibraOption mentions a minimal withdrawal fee for once-a-month transactions, with a $10 charge per transaction for more frequent withdrawals.

Registration and Accessing Personal Accounts at LibraOption

Visitors can find a “Registration” button on the website’s top panel. Clicking on this button reveals a brief form that must be completed to become a client of the broker. After form submission and acknowledgment of the “Terms and Conditions” document, users need to log in to their personal account on LibraOption and deposit the minimum amount for automated verification. Often, before initiating fund withdrawals, the broker may request clients to provide identity document scans or photos, which can be uploaded within the personal account.

Bonus Programs Offered by LibraOption

LibraOption extends bonus offerings to clients upon depositing funds. To avail bonuses, users are required to input a designated code, known as a bonus code, in the “promo code” section. The bonus amount is contingent on the code used and the terms of the ongoing promotions by the broker. Bonus funds can be utilized for trading and withdrawal purposes; however, a 30-time turnover of the bonus and deposit amounts is obligatory for withdrawals. Failure to meet this condition, in conjunction with accepting bonuses, may restrict fund withdrawals.

Final Thoughts

Exercise caution when considering opening an account with LibraOption. Prior to making any commitments, ensure a thorough review of the trading terms, legal documents, and online feedback about the company. For queries or clarifications, seeking advice from a financial expert is advisable.

This review has been prepared by the specialists at ExpertsReview.