Binary Book promises to provide risk-free investments to its online users. But is this binary options trading broker capable of fulfilling what it has pledged? Or is Binary Book just the next lousy scam?

Our inquiry into the matter tried to find out the most thorough and extensive data available on the web about Binary Book. The results follow below. But as this binary investment broker is still quite new, there is close to no accessible information.

More facts need to be gathered for us to recommend Binary Book as legit. Or deem it as an investment scam. Until then, we advise all our users to turn to a proven to be trusted and reliable binary trading broker. View our preferred selection of the BEST legitimate and most respectable binary options brokers and check up their full review so that you can enjoy a more safer trading experience!

Because we were not able to come up with more trustworthy data on Binary Book, we cannot confirm that investing with this binary options broker is recommendable. You can Trade with Trusted Broker OR Sign Up with one of the approved and safe Binary Options Brokers.

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BinaryBook Review

Binary options trading has been on the rise for the last few years and continues to attract more and more traders. This has led to the constant emergence of new brokers and trading platforms and in such environment traders face the risk of coming across fraudulent schemes and dishonest brokers. Therefore you should proceed carefully when choosing which binary options broker to sign up with. What we saw during our research of the BinaryBook broker is that it offers pretty much the standard binary options trading services.

Is Binary Book a Scam Broker?

On the broker’s website there are some very bold claims like 1500% return on investment every month. As this sounds quite unrealistic, it is advisable to proceed with caution because it is probably an exaggeration. Often brokers try to attract new traders with such claims, but when you open an account and start trading it turns out some things are not exactly as advertised. Another point of concern is that we couldn’t find any indication whether BinaryBook is regulated, which makes us question how reliable this broker is.


Although this doesn’t necessarily mean that BinaryBook is a scam, it is always advisable to go for a regulated broker, because that ensures a safe and secure trading experience as well as high quality services. There are unregulated brokers that provide fine services, but in case you encounter any problems with the broker you won’t be able to get help from a regulating authority. Therefore it is preferable to open an account with a licensed and regulated broker.

Trading Platform

The BinaryBook trading platform offers the standard tools and features typical for the majority of binary options brokers on the market. Traders can invest in stocks, commodities, indices and currency pairs. The platform’s functionalities are similar to those of other binary brokers and the provided trading tools are pretty much what you can find everywhere.

The platform offers Call/Put options, Short Term and Long Term options as well as the One Touch and Ladder features. The interface looks similar to the ones of most other platforms and generally doesn’t stand out with anything special. Overall the BinaryBook trading platform offers all the basic features you can find on other binary options trading platforms.

Account Types and Bonuses

BinaryBook offers its customer five different types of trading accounts − Micro Account, Basic Account, Gold Account, Platinum Account and VIP Account. Depending on your level of expertise and financial means you can choose the one that would be most suitable and affordable to you. The Micro and Basic accounts are the most accessible as they require the lowest of the available initial deposits, however they are rather limited in the range of opportunities and benefits. If you want to have a wider variety of options at your disposal you will have to go for a higher level account, which requires a much larger initial deposit.

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As most other brokers BinaryBook has a promotions program offering bonuses and benefits. Depending on the type of account traders select, they can get various cash bonuses and other non-cash benefits. While bonuses are helpful and increase potential profitability, you should be aware that in case you accept a bonus, BinaryBook requires you to execute a certain trading volume before you can withdraw your earnings. That is why it is recommended to read carefully the broker’s Bonus Policy before you decide to take advantage of any bonus offers.

Bottom Line

In conclusion it can be said that BinaryBook provides the standard range of binary options trading services and tools. While we don’t have enough information to say for sure whether the broker is a scam, it is worth paying attention to the fact that BinaryBook is not licensed or regulated by a regulatory authority like CySEC. Therefore traders are advised to proceed with caution and consider choosing a trustworthy regulated broker to sign up with.

Final Verdict

High_risk_stamp_t10StrategyThe Binary Book binary options trading broker is one that can not be determined conclusively as a legit or fraudulent one.

Still, there is a very fair chance that it is a scam. We were not able to find out much available data about it online, so the matter remains dubious. What we can advise traders is to opt for a binary broker that is proven to be reliable and trustworthy. There are some very solid ones.

But it would be best to not execute any trades with Binary Book. It has yet to build a reputation.

 

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