London Binary Option(LBOption) is an unlicensed binary options broker. They are owned and operated by Markit Ltd with their address at Trust Complex, Ajeltake Road, Ajeltake Island, Majuro, Republic of the Marshall Islands MH 96960. They are not located in London.
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LBOption Platform
Binary platforms are the interface where the trading on assets such as commodities, currencies, stocks or indices are done. A good binary options platform should have charting tools and indicators, it should also be easy to use and very fast in executing trades. LBOptions uses the Hello Markets trading platform, it has a huge range of assets to trade on. Also incorporated in their platform, is an auto trading feature that can automate your trade if you choose.
License and Regulation
London Binary Option a.k.a. LBOption is NOT a licensed broker. This means there are no regulatory bodies that monitors their activities to ensure they stick to best practices. Complaints about these unlicensed brokers are withdrawal issues(not being able to withdraw your money) and since they are unlicensed and unregulated, no regulatory bodies can fight for you, so you are left helpless. This is a source of major concern.
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