Best Binary Options Broker 2020!
Ideal for beginners!
Free Demo Account + Free Trading Education!
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2nd place in the ranking!
LION Binary Options
|Broker||Lion Binary Options|
|Support Types||Email, Telephone, Live Chat|
|Languages||English , Bahasa Indonesia , Chinese|
|Trading Platform||Lion Binary Options Platform|
|Minimum 1st Deposit||None|
|Minimum Account Size||None|
|Minimum Trade Amount||$5|
|Bonus||No deposit Free $10 Trading Credit|
|Regulation||UK’s Gaming Commission|
|Deposit Methods||VISA , MasterCard , Maestro , Neteller, UnionPay, Skrill Moneybookers, fasapay, Bank Wire Transfer|
|Trading Methods||Classic Binary Options, One Touch, 60 Second Options, Long Term Options, Pairs Options|
|Number of Assets||4 Currency Pairs|
Hirose Financial UK Ltd is the UK’s trading arm of the Japanese forex broker Hirose Tusyo Inc. Founded in 2004, the company specializes in providing spot forex trading services to retail investors. In a bid to capture a piece of the lucrative binary options market, Hirose Financial UK Ltd recently expanded their product offering to include binary options. Trading under the brand name of Lion Binary Options, the trading platform is regulated by the UK’s Gambling Commission under the reference number 35485 instead of under the Financial Conduct Authority (FCA). Currently, the trading hours are limited from 11.25pm (GMT) to 5.50pm (GMT) the next day. Nevertheless, the company do intend to extend their trading hours in the near foreseeable future. Check out the LION Binary Options site by clicking here.
Target Market & Customer Support
With regards to the target market, Hirose Financial UK Ltd makes no secret about the fact that the company present’s goal is just to attract some trading volume from its own forex customer base by enticing them with the relatively higher payouts of binary trading. This is probably one of the reasons why the current trading hours are rather limited. As for customer support, traders can get in touch with the support team through email, live chat or the telephone. For general enquires, customer support is available during normal office hours which is from 9:00 am to 6:00 pm (GMT) Monday to Friday.
Trading Platform & Features
The Lion Binary Options trading platform is a proprietary trading platform which bears no resemblance to any of the white label platforms used by most binary brokers. Nevertheless, the platform user interface is simple to understand and operate. Traders simply just need to decide the direction (High/Low) and amount that they want to invest. Once they have made up their mind, they just click on the “Purchase” button to execute the trade.
In terms of market coverage, Hirose UK still have a long way to go before they can compete with a dedicated binary broker. At present, traders can only trade currency pairs and this is also limited to just 4 major pairs namely, GBP/USD, AUD/USD, USD/JPY and EUR/USD. Apart from the limited number of underlying assets, traders are also limited to just trading High/Low options. Hopefully, Hirose UK will introduce more assets and asset classes for traders to choose from in the near future.
Best Binary Options Broker 2020!
Ideal for beginners!
Free Demo Account + Free Trading Education!
Get a Sign-up Bonus:
2nd place in the ranking!
For new traders wanting to trade binaries with Hirose UK, they will need to open a MT4 USD account. For existing clients of Hirose UK, binary trading is not available for trading accounts which are denominated in EUR or GBP. So they will also need to apply for a MT4 USD account before they can start trading binaries.
Payouts & Bonuses
The return which traders can expect from Hirose UK is a maximum of 80%. As for bonuses, they are currently offering new traders $10 in trading credit when they open a live trading account. No deposit is necessary to claim the $10 trading credit.
In terms of product offering and services, Hirose UK will need to expand their range of assets and so does the types of trading contracts. So unless one is contented just with trading with one of the largest brokerage firm in the world, the company’s bet into binary trading still need a lot tweaking. Click here to visit the LION Binary Options website now!
Broker Review: Lion Binary Options
Lion Binary Options offers their services as a binary options broker in the financial markets. This broker is operated under Hirose Financial MY Ltd., a multinational company that serves financial services across the world. With more than 200,000 global client accounts and around $200 billion transactions per month, they claim themselves as one of the most prominent brokers in the financial industry.
As for customer support, traders can get in touch with Lion Binary Options by completing their contact form at their live chat section or sending then emails at [email protected] Hirose Financial MY Ltd. is located at Level2, Lot 19, Lazenda Commercial Centre, Phase 3, 87007 F.T. Labuan, Malaysia. Besides Malaysia, their offices are also situated in UK, Japan, and Hong Kong.
Lion Binary Options Review
Hirose claims to implement Lion Binary Options with some of the latest transaction processing technology which allows them to transact thousands of trades simultaneously without re-quotes or any delays. They also claim that their clients can deploy any type of trading strategy they want, from scalping to long-term trading due to the underlying liquidity that Hirose Financial has access to in the background.
Lion Binary Options aims to assist their clients with maximum trading flexibility and friendly trading environments through their innovative financial services and expeditious customer support.
Let’s have an overview of their features and offers:
- Minimum trade starts from $1 only
- Trade from 30 seconds up to 60 minutes!
- Maximum Payout 90%
- One Click Order
- Manual Close Position Feature
- Technical Indicators & Trend Lines
- No Fee or Commission
- Withdrawable Deposit Bonus Available
Trading Platforms & Tools
Registered clients get full access to their web-based trading platform “Lion Binary Pro” that covers all sorts of currency pairs available around the Forex market. This platform provides built-in trading tools and user-friendly interface so that even a newbie trader can dare to win in the binary options market consistently.
They also offer free indicators to their clients. These Indicators are claimed to assist the traders in improving their trading performance by letting them explore a greater overview of the market trend. They also provide educational tools so that clients can get proper idea about how to predict High or Low correctly while trading at the market.
Free binary options indicators is a great way to increase your win rate, and many brokers are starting to offer this as you can see with HighLow, and RocketOption.
Bonus & Campaigns
Lion Binary Options offers straight 50% bonus on total amount deposited by the clients. This bonus is available for withdrawal after completing the required volume of trading. They also offer several tutorial materials to their clients to help them face the binary options challenges.
They offer the following payment methods for deposit and withdrawal purposes:
- Skrill Moneybookers
- Bank Wire Transfer
This broker doesn’t charge any fee on deposit amounts.
This broker is unable to accept applications for opening the live trading accounts from residents of the U.S., Japan, EU, and EEA countries.
License & Awards
Hirose Financial MY Ltd. is a company registered in Malaysia, company registration number LL11365. They are also authorized and regulated by the Labuan Financial Services Authority with the FSA registration number MB/15/0006.
In 2020, they won the Forex Magnates awards as the Best Affiliate Service provider in Tokyo Summit. They had also secured the 1st place in Oricon Japan Customer Satisfaction Ranking Award for three consecutive years (2020, 2020 & 2020).
Complaints & Claims
We’ve noted some serious complaints about Lion Binary Options from several blogs and review sites. Several individuals claim to run into withdrawal issues in trying to recover their deposited money or profits from their trading accounts of the broker. Furthermore, many of them had ended up losing their access to the personal accounts section of the broker after attempting several withdrawal requests. Some of the complaints have accused the broker’s customer service department of being silent over the withdrawal-related queries.
None of these complaints are verified, and there are very few of them so I am not overly concerned by this.
Based on our review, it is quite clear that Hirose Financial MY Ltd. has tried every possible way to establish Lion Binary Options as a top client friendly financial broker. However, they’ve failed to explain the reason for not accepting account opening applications from the citizens of UK, Japan, and EU countries. Besides, they are not regulated by trusted organizations like CySEC, FCA or CPA. Therefore, we cannot recommend them as a trusted binary options broker to the clients yet.
LionMarkets Review – Is it scam or safe?
Trading Accounts and Conditions
|Minimum deposit||Min./Max. bet size||Payout %||Trading platform|
|$100||$5 / $5000||Up to 83%||SpotOption|
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.
The Company. Security of Funds
|Advanced Innovative Securities Limited||Vanuatu||VFSC|
LionMarkets launched its services in September 2020. 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.
The minimum bet size with this broker is on the lower end of average, amounting to $5 (for 60 second options). With Grand Capital one can place a trade with just $1. Such low minimum bet sizes allow for better risk management.
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. To sum up the above, here are the advantages and drawbacks in relation to this broker:
|SpotOption platform available||Registered offshore|
|Various instruments and options offfered||Bad reputation|
FXTM a regulated forex broker (regulated by CySEC, FCA and FSC), offering ECN trading on MT4 an MT5 platforms. Traders can start trading with as little as $10 and take advantage of tight fixed and variable spreads, flexible leverage and swap-free accounts.
XM is broker with great bonuses and promotions. Currently we are loving its $30 no deposit bonus and deposit bonus up to $5000. Add to this the fact that it’s EU-regulated and there’s nothing more you can ask for.
FXCM is one of the biggest forex brokers in the world, licensed and regulated on four continents. FXCM wins our admirations with its over 200,000 active live accounts and daily trading volumes of over $10 billion.
FxPro is a broker we are particularly keen on: it’s regulated in the UK, offers Metatrader 4 (MT4) and cTrader – where the spreads start at 0 pips, Level II Pricing and Full Market Depth. And the best part? With FxPro you get negative balance protection.
FBS is a broker with cool marketing and promotions. It runs an loyalty program, offers a $100 no-deposit bonus for all new clients outside EU willing to try out its services, and an FBS MasterCard is also available for faster deposits and withdrawals.
FxChoice is a IFSC regulated forex broker, serving clients from all over the world. It offers premium trading conditions, including high leverage, low spreads and no hedging, scalping and FIFO restrictions.
HotForex is a EU Regulated broker, offering wide variety of trading accounts, including Auto, Social and Zero spread accounts. The minimum intial deposit for a Micro account is only $50 and is combined with 1000:1 leverage – one of the highest in the industry.
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