London Option Exchange is a new unlicensed broker for trading binary options. They offer 80% returns on trades, with trades starting at $25.
Broker Quick Facts
|Broker Type:||Binary Options|
|Robot Software:||See Here|
London Option Exchange Review
Our review of London Option Exchange revealed the following. The trading software that they’re using is Tradologic. This trading platform is common and fairly easy to use. It enables trading binary options in various different formats. You’ll be able to find the Touch, Range, Digital, and Turbo formats, with expiry times at many different intervals between 60 seconds and 6 months.
These trading formats allow you to trade over 200 assets. Included, are Commodities, (example: Gold, Silver, Oil). Indexes, (example: Dow Jones, MDAX) Stocks (example: Facebook, Google) and of course the popular, Currencies, such as the USD, GBP, and the EUR.
Customers of London Option Exchange have 5 account types to choose from, each one offering different added benefits. Their smallest account size requires you to deposit a minimum of $250, and you can place trades starting at $25. London Option Exchange offers automatic trading options as well. (see below for more details)
The company’s online customer support is only available during regular business hours (9AM-6:30PM) Monday – Friday. London Option Exchange’s website claims to have an App available for mobile devices. However, our search on Google Play and Apple’s itunes didn’t find it.
Binary Option Robots
Warning! Many people start Binary Options trading through automated trading robots promising to generate easy money for you while you sit back and do nothing.
However, many of these auto-trade software programs are just a good old scam.
If you are interested in a legitimate auto trading software, take a look at AutomatedBinary.com.
Naivety is the number one reason for complaints with brokers. People often have difficulties with Binary Options Brokers when it comes to withdrawal procedures.
Therefore, if you are smart with your money, we strongly encourage you, to review a brokers Terms and Conditions carefully. This will help you clarify what requirements they have that are hidden in the fine print. Bonuses always come with certain restrictions.
License and Regulation Check
Most governmental financial regulators issue special licenses to operate a binary options broker. Because this type of business deals with peoples investments, it must meet the required regulations. Some examples of government regulators are, the FCA in England, ASIC in Australia, the FSB in South Africa and CySEC in Cyprus.
London Option Exchange does not have a regulatory license.
Please do yourself a favor, and look here at our list of licensed brokers.
Compare London Option Exchange
As with any other service or product, don’t you like to compare your options? You might be interested in looking at these other brokers who provide binary option trading.
24Option (see review) is a popular European broker that offers Binary plus Forex CFD trading, and they are licensed by CySEC, see here. People who want to do automated trading, will use one of the popular robots listed here.
The London Option Exchange website is operated by a clearing company called Euronax LTD. Their address is in the United Kingdom at: 10 Bloomsbury Way, London, WC1A 2SD. The actual company name for this Binary Broker is: Trident Group LTD. and the address is: Trust Company Complex, Ajeltake Road, Ajeltake Island, Majuro, Marshall Islands, MH96960.
Phone Number: United Kingdom +44 20 3807 4064 | Email: [email protected] | The Official Website is: www.londonoptionexchange.com