LionMarkets Review by professional Forex trading experts the “ForexSQ” FX trading team, Finding out everything you need to know about the broker is in this LionMarkets Review.
LionMarkets is a binary options broker, offering trading in different financial assets on SpotOption web-based platform. Unlike most binary options brokers, it offers a single trading account type.
LionMarkets launched its services in September 2016. Obviously, the broker is based in UK, but the company behind the brand, Advanced Innovative Securities ltd., is registered offshore, in Vanuatu
Binary options brokers have increasingly bad reputation lately, as many of them, especially non-licensed and offshore ones, turn out to be scams. That is why we advise traders to be careful when choosing a brokerage and avoid doing business with offshore companies. Vanuatu, for example, has become a very popular forex and binary options hub due to its low-cost registration procedure and favorable tax regime. The minimum capital requirement for opening a brokerage there is only $2,000. By comparison, CySEC requires at least EUR 730 000 in capital form new brokers, which acts as a deterrent for most scammers.
What is more, we found a discussion about LionMarkets in the Forex Peace Army forum, where all user reviews are negative. Most users claim that LionMarkets is a scam broker. Considering the above said, this binary options broker is not recommended.
Trading Options: Call/Put, 60 second, Long term, Pairs, One touch, Ladder, Builder, Limits
Assets: Currencies, Stocks, Indices, Commodities
Expiry Times: 60 sec, 120 sec, 180 sec, 300 sec, Long Term
Minimum Initial Deposit
The minimum initial deposit for clients of LionMarkets is $100, which is average. Yet, some binary options brokers require less. For example, one can open an account with FinaCom-regulated Grand Capital with just $10.
Depending on the Trading Options and expiry times, payout percentage offered by LionMarkets reaches 83%, which is average for the market. In comparison, payout percentage offered by Grand Capital amounts up to 86%.
Like most binary options brokers, LionMarkets uses the web-based SpotOption platform. The platform is popular and easy to use.
A useful feature on LionMarkets’s platform is the Spot Follow, which allows traders to follow the best and most experienced traders on the platform. All traders need to do is to choose the trader that they believe will be the most successful and have all their trades duplicated into their account automatically.
Methods of Payment
There are several payment methods available to LionMarkets’ clients: wire transfer, credit/debit cards, and more than 20 e-wallet payment options (such as Skrill, Neteller, China Union Pay etc.).
LionMarkets is an offshore binary option broker whose trading conditions appear standard. We do not recommend doing business with it, because it is not properly regulated and its overall reputation is negative.
Instead of the forex broker you can use Plus500, XM, eToro, Fxpro or AvaTrade forex brokers.
LionMarkets Review Conclusion
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