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 helpdesk@hirosecs.com. 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:

Trading Facilities

• 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.

Payment Methods

They offer the following payment methods for deposit and withdrawal purposes:

• VISA
• MasterCard
• Maestro
• Neteller
• UnionPay
• Skrill Moneybookers
• Fasapay
• Bank Wire Transfer

This broker doesn’t charge any fee on deposit amounts.

Limitations

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 2014, 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 (2013, 2014 & 2015).

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.

Conclusion

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.