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BinaryBook Review - Regulation, Minimum Deposit & Withdrawal

BinaryBook Review - Regulation, Minimum Deposit & Withdrawal

RATING: 2.5 / 2 REVIEWS
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Basic Information

 

Minimum deposit  Min. bet size  Payout % Bonus Trading platform Regulation
$250  $25 Up to 81% 20% - 100%   In-house No

 

BinaryBook is an offshore binary options broker, offering trading wide range of assets on its custom made innovative binaries trading platform.


It also conducts online training courses in binary options trading, beginner and advanced, and provides educational e-books and materials in the Learning Section on its website.


Trading Accounts


BinaryBook offers its clients a choice of four basic account types, depending on the initial deposit: Micro, Basic, Gold & Platinum.

 

Account type Min. initial deposit  Welcome bonus Risk-free trade & Training  Signals Trading
Micro $250 Up to 20%

Basic 
$500 Up to 50% 1 risk-free trade  1 month of free Basic Trading Signals (valued at $200)
Gold  $2 500 Up to 75%

2-risk free trades

Up to 2 hours trading sessions with an expert trader

 1 month of free Gold Trading Signals (valued at $500)
Platinum  $10 000  Up to 100%

5-risk free trades

5 to 10 h trading sessions with an expert trader 

2 months of free Platinum Trading Signals (valued at $1,000)


In addition, this broker provides swap-free service for customers of Islamic belief, which excludes any Riba (commissions and Interests), which is available for all account types.


Furthermore, Binary Book offers VIP package service to account holders who have deposited $50 000 or more.


The Company. Security of Funds


BinaryBook is owned by WSB Investment Ltd., a company registered on the St. Vincent and the Grenadines.


The financial regulatory regime on this Caribbean island is one of the most liberal ones and registration procedure is easy and less costly. That is why SVG is a popular jurisdiction for forex and binaries start-ups.


Companies registered in SVG don’t face any of the requirements UK or Cyprus-based ones do and basically are not regulated. To put it simply, if you choose to open an account with a SVG-based broker, your funds are far from safe. So, if you intend to invest a large amount of money, there are better options.


Trading Conditions


Trading Options: Call/Put, One touch, Long Term, Turbo, Ladder, Pairs
Assets: Currencies, Stocks, Indices, and Commodities
Expiry Times:
      Turbo: 30s, 60s, 120s,180s, 300s
      Binary: 30m, 2h, 4h, 8h, 12h
      Long Term: 2d, 3d, 4d, 5d, 6d, 7d

 

Minimum Initial Deposit
The minimum initial deposit for clients of BinaryBook is $250, which is on the upper end of average, yet we consider it a bit high for a non-regulated broker. In comparison, CySEC regulated HY Options requires just $100 from its clients as a start.

 

Min/Max bet size
The minimum bet size with this broker is also a bit high, amounting to $25. In comparison, with HY Options one can place a trade with just $5. Such low minimum bet sizes allow better risk management.

 

Payout amount
BinaryBook`s Return percentage varies from 71% to 81%, which is average for the industry. Turbo options on EUR/USD offer payout of 71%, while 81% return is offered on Call/Put options for EUR/USD. In comparison, payout percentage offered by HY Options is up to 85%.


Trading Platform


BinaryBook offers its in-house trading platform where traders can trade wide range of binary options in currencies, commodities stocks and indices. The platform is simple and easy to use and offers all kind of binary options: short-term, long-term, one touch, ladder, pairs, you name it. What is more, it provides some extra tools and features, such as Double-up and more notably, Trend Analyzer.


By the Double-up feature all traders have the opportunity to double-up their profits. This tool is available on BinaryBook’s trading platform up to 5 minutes before your chosen asset reaches its expiry time, giving you the chance to maximize your return on the investment.


The BinaryBook Trend Analyzer is free and a fully automated system, a smart trading calculator that will help you trade more easily. It can be found on the classic binary options trading tool and can be easily located with the ‘magic wand’ symbol on the left of the trading platform. This trading calculator uses three impressive and proven technical tools, namely the Relative Strength Indicator, the Moving Average and the Bollinger Bands, to calculate the asset tendencies and just advises you whether to press Put or Call.


Binary Options Signals trading is also available.


Promotions

BinaryBook offers sign-up cash bonuses from 20% (for deposits of $250) to 100% (for deposits of a minimum of $10 000). Also, there is a Refer a friend cash bonus amounting to up to $100 for both the referred and the referral.


Methods of Payment


There are several payment methods available to BinaryBook’ clients: Bank Wire and the following Credit/Debit cards: Visa, Delta, MasterCard, Diners, Visa Electron, Maestro, Maestro UK (Switch) and Solo.


Popular e-payment systems like Skrill & Neteller are not supported by this broker.


Conclusion


BinaryBook is a binary options broker, offering a variety of assets and trading options on its proprietary trading platform. To sum up the above, here are the advantages and drawbacks in relation to this broker:

 

Pros Cons
Easy to use proprietary trading platform with extra tools  No regulation 
Wide range of trading options & assets  Mediocre payouts
Social Trading available No e-wallet payments

 

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Traders` reviews for BinaryBook

I lost $80k trading with binary option

I lost $80k trading with binary option, being told my trades would be carried out using a master software. I thank God I was able to get my funds back through king-wizard(at)programmer(dot)net I would recommend his contact if your seeking to get your binary option investment back from your broker

Jacob 04/30/2017

Con artists

Hi everyone, please do not be fooled like I was with the lies and false promises their brokers tell you. I was contacted by David Brandon and all he did was spin a lot of lies to get me to invest. Foolishley I did, and now cant get my money back as they tie it up in long term investments. Since October he has already lost £11,000 off my account. The bonus money they add to your account looks good but you will never get your hands on it. If you read the terms and conditions it says that the bonus money has to make 30 times its amount before you can get any. In my case they gave me £9195. For me to get any of this money it would first have to make £275,850. Considering in 3 months they lost £11,000 from my account, this is never going to happen.Do not believe the positive reviews for this site as they are placed by their own workers. If you need any further info on this company then email me on dean24658499@gmail.com
They are not regulated by any financial authority and are based in Coventry, England under the name of WSB investments ltd.
YOU HAVE BEEN WARNED

Dean Merriman 12/29/2015
Forex
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