BinaryBook -Overview of Minimum Deposit, Tranding Platform
abstrak：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.
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