BinaryBook Review

Review

BinaryBook is a relatively new binary options broker. Based in London and Anguilla, BinaryBook offers a user-friendly trading platform with a variety of assets such as stocks, commodities, indices and currencies. They offer beginners as well as professional traders ease of trading, dedicated customer service and exceptionally high payouts. BinaryBook.com is one of the few binary option brokers that accept U.S. clients.

Accounts

There are five different account types to choose from at BinaryBook. The Micro Account helps novices to gain trading knowledge without the need of facing financial risk due to lower investment amounts. A $250 deposit is required and with that traders receive a free 20% welcome bonus.

The Basic Account is designed to help binary options traders who have had some success in the past and wish to improve their return on Investment through excellent learning materials, trading tools and defined strategies. To start the Basic Account, a $500 deposit is required. It comes with a free 50% welcome bonus, one risk-free trade and one month of free Basic Trading Signals(Worth $200).

BinaryBook’s Gold Account is the ideal choice for advanced traders who wish to make large-scale investments and generate larger profits. $5,000 must be deposited into the account and Gold account holders receive a free 75% welcome bonus, two risk-free trades and one month of free Gold Trading Signals (Worth $500).

The fourth account choice at BinaryBook is the Platinum Account which requires a minimum deposit of $10,000. This account is ideal for high-volume traders that aim towards a heightened trading experience. There is a 100% welcome bonus in addition to five risk-free trades and two months of free Platinum Trading Signals (Worth $1,000).

All the above accounts come with access to BinaryBook’s highly-secured platform and to the BinaryBook Academy, as well as a personal account manager that closely follows a client’s trading activities and provides customer support wherever in need; from 5 to 10 hours of trading sessions with one of BinaryBook’s expert traders and additional promotional incentives (Up to 75% per deposit).

With an initial deposit amount of $50,000 or more, a trader is entitled to an exclusive VIP package consisting of more benefits and discounts. To open this account, one must contact an account manager via Chat, email or telephone.

BinaryBook offers an Islamic Trading account which is fully compliant with the Sharia law and excludes any Riba (commissions and Interests). Those of the Muslim faith can benefit from the advantages of binary options trading without jeopardizing their faith.

Education

Educated clients are important at BinaryBook and there is much to learn at the broker’s Trading Camp. BinaryBook offers a wide range of learning material for both advanced and beginner traders. There are visual and interactive resources such as a range of videos and e-books as well as in-depth tutorials and lessons. Assistance can be obtained upon request from expert traders on staff at BinaryBook.

Deposits/Withdrawals

Deposit funds can be made securely and without any hassles. BinaryBook accommodates for the largest range of deposit methods, allowing traders worldwide to take advantage of exceptional trading features. Most credit cards and debit cards such as Visa, Delta, MasterCard, Diners, Visa Electron, Maestro, Maestro UK (Switch) and Solo are accepted as well as bank transfers and Neteller, cashU, Webmoney and UnionPay.

Withdrawals are executed by sending a request via email. A minimum withdrawal is $100 but there is no limit to the amount that can be withdrawn from a trading account.

Bonuses and Promotions

BinaryBook offers several bonus programs. Welcome bonuses range between 25% – 100% depending on the type of account chosen.

As part of the refer-a-friend program, any trader who recommends BinaryBook to a friend can earn up to $100 as cash bonus.

BinaryBook also offers risk-free trading to its traders to make binary options trading even more profitable. An initial deposit of $1000 generates 1 risk free trade; for a deposit of $2000, 2 risk-free trades are offered and for an amount of $10,000, 5 risk-free trades are offered.

In addition, for each deposit made, BinaryBook gives a redeposit bonus, up to a maximum amount of 100% of the initial deposit value. They also offer occasional discount codes and promotional offers through their social media websites (Facebook, Google+, Twitter), and mailing lists.

Customer Support

The BinaryBook website and customer support are available in English, Arabic and Turkish. Support is provided through Chat, emails or phone to numbers in the UK and Bahrain. I contacted the Chat service for a query about trading and received a quick and informative response.

Conclusion

Trading at BinaryBook is an enjoyable experience. The website is lively and colorful and there some excellent features. Setting up an account, selecting an asset and placing a trade is simple and timely and it can all be done within a few minutes.

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Features

BinaryBook has an exceptional website with a host of great features. One of the goals at BinaryBook is to provide an arena that ensures the protection and privacy of its customers and although there is no official regulation, the broker has gone out of its way to put in place all meaningful security measures so traders can feel secure.  

It’s always beneficial to offer traders a choice of different accounts and the five accounts at BinaryBook span the choices from Micro account where $250 is the required minimum deposit to the Platinum account with a minimum deposit of at least $10,000. And then there is the VIP account for those with $50,000. 

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Platforms

BinaryBook Platform

BinaryBook uses its own proprietary trading platform where traders can trade binary options in currencies, commodities stocks and indices from anywhere they happen to be.

The BinaryBook binary option trading platform offers a choice of some unique binary options possibilities.

Turbo Trading is another name for rapid trading and it provides offers quick money making possibilities by offering a range of expiry times including 30 seconds, 60 seconds, 120 seconds, 180 seconds and 300 seconds. Turbo trading is extremely popular and can generate excellent returns within a very short time. It is simple to use and offers returns of 70-85% regardless of the amount invested. In fact, depending on the contract size, some traders can make a fixed profit of 100% by leveraging their money.

The Pairs trading or Binary Options Pairs is a fascinating type of digital options and is a great way to break into binary options. Pairs trading can be fun. It allows traders to bet two assets against each other and decide which asset will do better by expiry.

Unlike regular trading instruments, with Pairs trading you need only predict the relative performance of two underlying assets, as opposed to the price direction of one asset. This significantly simplifies the trading process and profits are earned accordingly.

Traders that choose the Binary Options Ladder must predict the stage-by-stage progress of an underlying asset’s price throughout the day. This requires considerably more management than other options. Profits are made if the quoted price climbs up or down the ladder as predicted.

The Rollover and Double-Up options are also excellent tools for managing an account at BinaryBook.

BinaryBook Mobile App

BinaryBook has just introduced its mobile application. It’s available at the app store and on Google play and is free of charge. At the time of this BinaryBook review the app was available only on Android devices but BinaryBooker has announced online that it will soon be available shortly on other smartphones. The BinaryBook mobile trading app provides real-time financial market updates and traders can make online transactions quickly and safely.

Their mobile application is safe, reliable and secure and traders can earn up to 78 per cent on their money in less than an hour. The app enables traders to stay connected with the global market and never miss a trading opportunity.

Traders can download the software and start trading. The mobile app is available in Arabic, English, Spanish, French and German.

BinaryBook offers risk-free trading to its traders to make binary options trading even more profitable. An initial deposit of $1000 generates one risk free trade; for a deposit of $2000, two risk-free trades are offered and for an amount of $10,000, five risk-free trades are offered.

The BinaryBook platform offers several bonuses. Welcome bonuses for four out of their five accounts come with bonuses starting at 20% and going up as high as 100% depending on the type of account chosen.

They also offer a refer-a-friend program, where any trader who recommends BinaryBook to a friend and that leads to his/her opening a BinaryBook account can earn up to $100 as cash bonus.

In addition, for each deposit made, BinaryBook returns a redeposit bonus, up to a maximum amount of 100% of the initial deposit value. They also offer occasional discount codes and promotional offers through their social media websites --Facebook, Google+, Twitter-- and mailing lists.

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User Reviews

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