BinaryBook Spreads, leverage, minimum deposit Revealed

WikiFX | 2024-11-15 18:13

Abstract：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. BinaryBook.com is one of the few binary option brokers that accept U.S. clients. Nevertheless, BinaryBook does not fall under any regulation at this stage.

　　Note: BinaryBook's official website: https://www.binarybook.com/ is currently inaccessible normally.

BinaryBookReview Summary
Founded	2021
Registered Country/Region	United Kingdom
Regulation	No regulation
Market Instruments	Stocks, commodities, indices, and forex currency pairs
Demo Account	❌
Leverage	/
Spread	/
Trading Platform	In-house
Min Deposit	$250
Customer Support	Email: support@binarybook.com
	Facebook: https://www.facebook.com/BinaryBook
	Twitter: https://twitter.com/BinaryBook

BinaryBook Information

　　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. BinaryBook.com is one of the few binary option brokers that accept U.S. clients. Nevertheless, BinaryBook does not fall under any regulation at this stage.

Pros and Cons

Pros	Cons
Various trading products	No regulation
	Inaccessible website
	No demo accounts
	No MT4/MT5 platform
	High minimum deposit requirement
	Limited info on trading conditions

Is BinaryBook Legit?

　　No. BinaryBook has no valid regulations currently. Please be aware of the risk!

What Can I Trade on BinaryBook?

　　Tradable financial instruments available on the BinaryBook platform include stocks, commodities, indices, and forex currency pairs.

Tradable Instruments	Supported
Forex currency pairs	✔
Commodities	✔
Indices	✔
Stocks	✔
Cryptocurrencies	❌
Bonds	❌
Options	❌
ETFs	❌

Account Type

　　There are five different account types to choose from at BinaryBook. To start the Micro Account, a $250 deposit is required. Although the minimum initial deposit seems reasonable, it is unsafe to trade with this broker given the fact that it is unregulated.

Account Type	Min 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 2h 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 10h trading sessions with an expert trader	2 months of free Platinum Trading Signals (valued at $1,000)

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

　　The minimum bet size with this broker is $25.

Trading 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.

　　Besides, BinaryBook has just introduced its mobile application. Its available at the app store and on Google play and is free of charge.

Trading Platform	Supported	Available Devices	Suitable for
In-house	✔	Web, mobile	/
MT4	❌	/	Beginners
MT5	❌	/	Experienced traders

Deposit and Withdrawal

　　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.