Note: BinaryBook's official website: https://www.binarybook.com/ is currently inaccessible normally.
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
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.
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.
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.
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A minimum withdrawal is $100, but there is no limit to the amount that can be withdrawn from a trading account.
