BINARYBOOK

About company:

BinaryBook is an offshore binary options broker offering trading a wide range of assets on its own innovative trading platform.

 

Fund security

BinaryBook is owned by WSB Investment Ltd. - a company registered in Saint Vincent and the Grenadines. The company is silent about the history of its development.

 

The financial regulation regime on this Caribbean island is one of the most liberal and the registration procedure is simple and less expensive than in other regions. This is why SVG is a popular jurisdiction for Forex startups.

 

Companies registered with SVG do not face any of the UK or Cyprus requirements and are largely unregulated. Simply put, if you decide to open an account with a broker working in SVG, it will be much more difficult to protect your investments, they are not protected or insured by anything, and it is not always possible to return them in case of bankruptcy of the broker.

 

So, if you are going to invest a large amount of money, first check out other brokers on our website.

 

Trading conditions

BinaryBook offers its clients four main account types to choose from, depending on the initial deposit: Micro, Basic, Gold and Platinum.

 

Minimum deposit

The minimum initial deposit for BinaryBook clients is $ 250, which can be found on many brokers, however we find it a little high for an unregulated broker.

 

Minimum bet

The minimum bet for this broker is also slightly high at $ 25. In comparison, other binary options brokers can make a trade for as little as $ 5.

 

Payouts

BinaryBook's return rates range from 71% to 81%, which is the industry average. Turbo options on EUR / USD offer a payout of 71%, while 81% return is offered on Call / Put options for EUR / USD.

 

Trading platforms

BinaryBook offers a proprietary trading platform where traders can trade a wide variety of binary options in currencies, stocks and indices. The platform is simple and easy to use and offers all types of binary options: short-term, long-term, one touch, ladder, pairs, Call. Moreover, the broker provides some additional tools and functions such as Double-up and, in particular, Trend Analyzer.

 

Thanks to the doubling function, all traders have the opportunity to double their profits. This tool is available on the BinaryBook trading platform 5 minutes before the expiration date of your chosen asset, giving you the opportunity to maximize your return on investment.

 

BinaryBook Trend Analyzer is a free and fully automated system - an intelligent trading calculator that makes trading easier. It can be found in the classic binary options trading tool.

 

Signal trading for binary options is also available.

 

Significant services

The broker provides swap-free services for clients who practice Islam. This service excludes any commissions and interest for carrying over transactions to the next day and is available for all account types.

 

Support service

The BinaryBook website and customer support are available in Arabic, English and Turkish. Support is provided via live chat, email or telephone (UK and Bahrain numbers). It should be noted that support responds promptly.

 

Ways of payment

Several payment methods are available for BinaryBook customers: bank transfers 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.

 

Criticism of traders

There are few Russian-speaking traders who used the services of a broker, so we analyzed the reviews of traders from Europe. Mostly traders complain about the withdrawal of money, many of them visited the office in England, but found only empty premises there.

 

Pros:

 

easy to use trading platform; a wide range of trading options and assets; Islamic accounts.

 

Minuses:

 

not regulated; does not support electronic wallets for depositing; mediocre payouts on binary options.