After a couple of emails about Lion Markets, I’ve decided to provide a full review and analyze what it has to offer the options community. In this review, I will be providing a personal take and also analyzing data that is already available online. This includes real customer feedback and reviews from other binary options websites.
The broker is operated by Advanced Innovative Securities Limited, located at Vantu house, 133 santina parade, elluk, port vila, efate, Vanuatu. Support can be reached via a contact form, support@lionmarkets.com, or phone +44-203-318-5526 and +44-203-868-6977.
Lion Markets Review
The Lion Markets team feel that they are the best and sell themselves as the “leading binary options trading platform.” They believe that they are ahead of other brokers in terms of security features, tools and education. Their staff is available 24/7, and their professional brokers promise to guide traders to success. The utilize the SpotOption platform which is used by a large portion of binary options brokerages. In order to trade, traders just need to log onto the website because their platform is 100% web-based.
For deposits and withdrawals, traders can use credit card, wire transfer or e-wallets.
In many ways, the website seems like it’s missing elements. The article section consists of 4 articles, and none of them are particularly helpful. The glossary section is equally as disappointing with a collection of only 18 definitions regarding the binary options market. Then, there is the market review section which is supposed to provide a daily market analysis, but there are no entries found. At the bottom of the page, there is a link to their education center but this just takes me to an explanation of what the Lion Markets education center is. There is no actual education here, so maybe this is only available to members.
I sure hope so.
Breakdown
- Type: Binary Options Broker
- Platform: SpotOption
- Minimum Deposit: $250
- Minimum Trade: $10
- Asset List: 140
- Payout: Up to 89%
Consumer Consensus
Now is the part of the Lion Markets review where I go over some of the feedback from clients that can be found on the Internet. To be fair, not all reviews and comments on the Internet can be trusted 100% but it’s important that we look at both sides of the story to get a balanced opinion.
It’s quite clear that the user feedback on this brokerage isn’t very positive at all. One of the user review sites which is generally pretty reliable has 5 reviews in total, and each review is essentially calling the broker a scam. This is not a good sign.
The stories are very similar to stories we’ve seen with other poor brokerages. These clients sucked in to deposit more funds and then the broker support staff disappears when withdrawl requests are made.
Conclusion
I wanted to come to a better conclusion about the Lion Markets brokerage, but I just don’t see how I can move past all of their negative client reviews. If this was a collection of reviews from scam he review sites then I would understand, but I do believe that these reviews are from actual clients. Their stories are very specific, and these type of details are very common practices with other binary options brokerages.
If you have another opinion, or you would just like to add your story to the list, please leave your comment about this broker now.
Lion Markets Deposit
-
Price - 55%
55%
-
Ease of Use - 71%
71%
-
Platform - 68%
68%
-
Feedback - 21%
21%
-
Support - 41%
41%
Pros
Spotoption platform
89% payouts
Cons
It would appear a lot of people have been scammed by Lionmarkets – I don’t know how they are allowed to keep operating. The main guy I was dealing with was Jimmy Sparks – probably not his real name. They are apparently registered with Cyprus
I initially signed up with the £250 and started apparently to make easy money – 1750 in an evening. I was persuaded to become a”VIP” member with a deposit of 10k, with even better prospects and was left to play with the system increasing it to 26000 in a few hours. After many phone calls and e-mails the did return $2000 as had been agreed at start-up. A couple of weeks later they phoned me to say the account was now at $41074. so I asked them to return 12000 and keep trading with the rest. I also asked them to confirm this in an e-mail which Peter Cage did. I have not heard from them since and have been completely unable to contact the site or anyone but their automatic receptionist. Are these agencies which claim to be able to obtain credit card cash reclaims any use?
I don’t believe in any of the charge back agencies, no. I believe they are in on it.
I have been trying to contact Lion Markets for months to have my account closed, but I can not get through, the telephone just cuts off. I like George have been calling and emailing. I also think this is a scam.
I have traded on Lionmarkets website for 2 months now and am showing a profit but there seems to be no way that they will allow me to withdraw funds. I have tried for the past 11 days to get them to free-up some of my funds but they simply ignore me.
I hate to admit it but it looks like I have been scammed. It is a good job I did not deposit what they wanted me to ie) $10k or I’d be in real trouble.
Thanks for sharing George.