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LionMarkets Review - Is it scam or safe?

LionMarkets Review - is lionmarkets.com scam or good binary options broker?

RATING: 1.3 / 2 REVIEWS
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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

 

Company Country Regulation
Advanced Innovative Securities Limited Vanuatu VFSC

 

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 Conditions

 

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.

 

Min bet size

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.

 

Payout amount

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%.

 

Trading Platform

 

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.).

 

Conclusion

 

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:

 

Pros Cons
SpotOption platform available Registered offshore
Various instruments and options offfered Bad reputation
  No bonuses

 

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Traders` reviews for LionMarkets

Robbing Bastards

This LionMarkets company is definitely a SCAM operating out of Tel Aviv and not the UK. They are a bunch of robbing bastards stealing the savings from pensioners - How low can you get. They are too lazy to get a real job.

George Bates 11/03/2017

Don't waste your life

These people suck at communication, I regret giving them anything, I feel they stole my identity and money, once you give them your info, they will not remove it from their systems ever, keep that in mind, they have all my important info. Still have no idea if their fake or not, but just terribly run.

anonymous 08/23/2017
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