On-line since: About the company: BinaryBook is an offshore-based binary options broker that offers trading a wide range of assets through its own innovative trading platform. Security of funds BinaryBook is owned by WSB Investment Ltd., a company registered in St. Vincent and the Grenadines (SVG). The official website does not contain information on the history of the company's development. The financial regulation regime on this Caribbean island is one of the most liberal, and the registration procedure is simplified and less expensive than in other regions. That is why SVG is a popular jurisdiction for forex startups. Companies registered in SVG are not subject to any requirements placed in the UK or in Cyprus and are not mainly regulated. Simply put, if you decide to open an account with a broker working in SVG, you should know that your investments will not be insured, and it will hardly be possible to return them in case of the broker's bankruptcy. So, before investing a large amount of money, please refer to other brokers on our website. Trading conditions BinaryBook provides its customers with a choice of four main account types depending on the initial deposit: Micro, Basic, Gold, and Platinum. Minimum deposit The minimum initial deposit for BinaryBook clients is $250. This is a most-often received offer among brokers, but we consider it slightly high for an unregulated company. Minimum trade size The minimum trade size is $25 that is also a high value. For comparison, other binary options brokers offer traders to open a deal for only $5. Payments BinaryBook’s return rate ranges from 71% to 81% which is an average measure in the industry. The EUR/USD turbo options offer a payment of 71%, while an 81% return is provided for Call/Put options on EUR/USD. Trading platforms BinaryBook has developed its own trading platform which enables clients to trade a wide range of binary options in currencies, commodity stocks, and indices. The platform is handy and easy-to-use and offers all types of binary options: short-term, long-term, one-touch, ladder, pairs, and call. Moreover, the broker provides access to such additional tools and functions as Double-up and Trend Analyzer. Thanks to the Double-up function, all traders have the opportunity to double their profits. This tool is available on the BinaryBook trading platform 5 minutes before the expiration of the chosen asset, which gives you a chance to increase the return on investment. BinaryBook Trend Analyzer, a free and fully automated system, is an intelligent trading calculator that makes trading easier and can be found in the classic binary options trading tool. Signal trading for binary options is also available in the company. Additional services The broker offers swap-free trading services for customers who follow Islamic religion. This service excludes any commissions and fees for the transfer of an open position for the next day. It is accessible for all account types. Support service The BinaryBook website and its support service are available in Arabic, English, and Turkish. The customer service is provided through chat, email, or phone (in the UK and Bahrain). Notably, the support responds promptly. Payment methods There are several payment methods available to the clients of BinaryBook: bank transfers and credit/debit cards such as Visa, Delta, MasterCard, Diners, Visa Electron, Maestro, Maestro UK (Switch), and Solo. The broker does not support such well-known electronic payment systems as Skrill & Neteller. Feedback from traders Most traders complain about the withdrawal of funds. Besides, many of them tried to visit the office in England, but it turned out to be empty. Advantages:
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I never thought of trading on the forex market but one day a cousin of mine convinced me to try it. At last I agreed and since then I've been trading with BinaryBook quite successfully. BinaryBook gives me all I need: comfortable Option trading platforms, reasonable commission, fast withdrawals and only the latest and most important information. For now I am very satisfied and I remain in this broker.
In last year, I joined to trade with Think Markets because I was impressed by their promo about bonus. Therefore, I opened account at Think Markets, and I deposited $300. Of course, I received bonus after I put $300. Hence, I put more money with $500, but I got nothing. Then, I sent them many emails to ask about this issue, and their support always gave me same reply that I wait in some days. Until now, I still got no bonus, and this broker blocked my account. I don’t know what happen in my account. I called them again, but there had no response. Their customer support is terrible. Finally, I loss over $500 at this broker, it’s so bad.
Actually, I am a new binary trader at BinaryBook Broker. Here I can learn easily binary trading from their tutorial videos and also I am practising in a demo account. Till now I've experienced a reliable platform, where execution is fast and I got live news and analysis. So I think BinaryBook is the best for me and I want to run my bussines with BinaryBook.
I lose a lot of potential profit. This broker has only bad trading conditions and simply out to own my deposit. They also suspended my account when I tried to withdrew money because amount was big, and they used dirty tricks. I felt there was some weirdness going on here. I find it difficult to visit the website of this broker. Better to look for another broker that allow scalping.
Representatives from BinaryBook kept contacting me and asking me to trade with them. When I talked to them over the phone, they were pretty convincing. But when I looked for more information about them on the internet, I was disappointed because not only are they unregulated, they also charge high trading fees to their clients. Due to that, I ignored all their calls.
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