BinaryBook Review

Overview

BinaryBook was originally established in 2012, in the United Kingdom. It is a very competitive and well rated binary options broker. It offers a wide range of trading tools and five different account types. Minimum amount required to open a Micro account is $250, and minimum trade size is relatively small but not the smallest in the industry. Micro account clients are offered a 20% deposit bonus, access to the trading academy and market review information. Next up is the Basic account ($500 required to open an account), which offers 50% deposit bonus, all the basic benefits of the Micro, plus one risk free trade and one month of trading signals. Next up is the Gold account ($2,500 required to open an account), and this offers among other things 75% bonus, two risk free trades, one month of even better trading signals, personal account manager, two hours of One on One training, exclusive daily reviews and tips on the markets, and more. Next up is the Platinum account ($10,000 required to open an account), and offers all that the Gold account offers but with 100% bonus, five risk free trades, two months of trading signals, more hours of personal, dedicated training, and even more incentives. Finally, there is the VIP account ($50,000 min. required to open an account), it offers everything that BinaryBook offers to its clients, plus unique negotiable incentives and bonuses. The trading academy offered by BinaryBook.com is very good, and apart from all the trading signals and support for new traders, they also offer a trade mirroring service, so that traders can choose to follow profitable traders. It appears to be a very promising broker, because it aims to fill the gaps that other brokers have left open. This way Binary Book really proves to be one of the few brokers that set the standard in the binary Options trading industry.

BinaryBook

Trading Platform

BinaryBook.com is built on the well-known and reliable SpotOption trading platform that offers a wide range of binary Option types, including One Touch with payouts of over 300%, Turbo and much more. The one tool that stands out is the Spot Follow feature, which facilitates the trade mirroring service. Traders can choose who they want to follow, the trading size, and for how long they want to follow the profitable trader in question. It is needles to mention that full mobile trading is offered, which is the standard today in the industry. With a great range of assets and the trade mirroring service offered by BinaryBook, traders can manage their accounts on the move and still profit from the markets, even if they are unable to analyze the markets themselves.

Binary Book

Safety of Clients' Funds and Regulation

BinaryBook follows segregated banking rules, and clients' funds are safe for up to the maximum amount, which is typically 20,000 Euros. And this ensures safety even in the unlikely event of company insolvency. Binary Book is not currently regulated within the EU, due to its strategy to accept US clients, but it is planning to acquire official regulation in the future, as it expands to more EU countries. The company is proven to aim for a high client retention ratio, and will still do so even once it becomes regulated within the EU. Though official regulation sometimes requires not helping clients as extensively with their trading, as BinaryBook.com does today.

Deposits and Withdrawals

Banking transactions are fast and reliable at BinaryBook, and have been rated well by real clients. It accepts all major credit and debit cards, and of course bank wire transfers, but not electronic wallets yet.

Specials

BinaryBook.com offers an impressively wide range of training and educational tools and materials, so many in fact, that traders of all levels will find something new and interesting to read or watch in a video. Their most advanced materials are more than just good, and created by trading specialists who know how to maintain an edge in trading, rather than teaching stuff that is already out there. Their Trend Analyzer tool is also quite unique, even though it uses classic analysis methods. Because it brings an increased level of confidence to new traders, so as to be able to figure out the probabilities in the market at a specific time, and decide whether to go long or short.

Out Verdict

All in all, BinaryBook focuses strongly on helping each and every one of its clients become a better trader, and use binary options in the best way possible, but also in each trader's unique way. Because generic teaching methods don't work. The trading platform is impressive and very competitive since it offers all kinds of binary option tools one can possibly ask for. And finally, there is the trade mirroring service. Which traders lacking confidence can use to follow profitable traders and develop a sense of solid trading. The free trading signals and training provided further helps traders gain confidence. But a trader still fails to make progress; they can simply put their account on autopilot through the trade mirroring service. All they have to do is plan their trade following strategy, and rely on few good traders accordingly. What really stands out at Binary Book is their customer support, for all account holders, and a really genuine effort to have a high client retention ratio. They will do anything to help their clients with their trading, so they won't have to look at another broker.

Visit BinaryBook official website

BinaryBook

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    Headquarters: UK

    Year founded: 2012

    Regulated: N/A

    Accepts US traders: YES

    Platform: SpotOption

    Minimum Deposit: $250

    Minimum Trade: $5

    Maximum Trade: $3,000

    Deposit Bonus: up to 100%