BinaryBook Broker Scam Review

BinaryBook promises secure trading and offers generous bonuses to new clients. But is this broker legit or is BinaryBook a Scam?

We have made a research of BinaryBook and found out that they do not rate highly and there is no significant data about them. As an alternative we have selected our Top Safe Binary Brokers along with detailed reviews for safe and secure trading.

Since we haven’t gathered enough information yet, we cannot confirm that BinaryBook is safe. You can Proceed to Safety OR Choose one of the Is-Scam approved and safe Binary Options Brokers:

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BinaryBook Review

BinaryBook is a new broker established in 2014 owned by WSB Ltd. On their website we couldn’t find any address or more information about the broker and the company that owns them. BinaryBook offers the SpotOption 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, good customer service and high payouts. This broker also accepts U.S clients. The platform is available in English, Turkish and Arabic. The Support team is available 24/7 via LiveChat and Telephone. A mobile version for Android and IPhone is also available.

BinaryBook Scam

The fact that there is no information on their website about their company’s address, does raise a red flag. Also traders should keep in mind that BinaryBook is not regulated and if they want to choose a more reliable broker, they should pick a broker that has already received their license and regulation.

>> Visit Is-Scam Approved Broker < <

Currently no evidence points towards a scam, but after having researched BinaryBook we came across several complaints on the internet from traders about the broker and their complaints are all related to the same things: withdrawal problems, customer service not being helpful, etc. We can never be sure that these complaints are 100% legitimate, however it’s best to use caution if signing up with this broker. Traders should take into account the fact that BinaryBook is a fairly new broker and conduct a more detailed research before investing with BinaryBook. We recommend signing up with a safe and a secure broker.

BinaryBook Accounts

BinaryBook offers five different account types. 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 second one is the Basic Account. In order 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 trading platform

BinaryBook’s Gold Account is good choice for advanced traders who wish to 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. There is a 100% welcome bonus in addition to five risk-free trades and two months of free Platinum Trading Signals (Worth $1,000).

Keep in mind that if you accept a bonus from this broker there are special terms and conditions that need to be met. For exaple, you have to trade 30 times each bonus dollar you receive, and only after that you can withdraw funds from your account.

BinaryBook Withdrawal

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. A “Reverse Withdrawal” feature is available on the BinaryBook platform. To access it, simply login to your trading account, go to the “My Account” tab and click on the “Reverse Withdrawal.” There are no limits to the amount you can withdraw from your trading account. Nevertheless, your withdrawal request should be aligned with BinaryBook’s terms and conditions, matching your trading volume.

BinaryBook Deposit

BinaryBook has a minimum deposit requirement of $250. The broker offers multiple deposit methods. 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. BinaryBook also offers risk-free trading to its traders to make binary options trading even more appealing. 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.

BinaryBook Bonus

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

Is BinaryBook Legit or Not?

As a recent entry in the binary options arena, BinaryBook provides traders with most of the features needed to start trading binary options. Setting up an account, selecting an asset and placing a trade is simple and it can all be done within a few minutes. Nevertheless, after doing a thorough research on this particular broker, our team noticed a few complaints from traders all related to withdrawal and customer service. The feedback on this broker has not been 100% positive so far and our main goal is to prevent scammers from entering the market.

Conclusion

After detailed investigation our team concluded that there are better choices than BinaryBook. We cannot confirm that this binary options broker is a scam, but our research revealed enough traders’ complaints to not make us feel safe trading with BinaryBook.

We recommend you to Proceed to Safety and avoid scams by choosing High-Rated and Trusted Brokers on Is-Scam.com.

Or Select Another Broker From Our List

28 Responses to “BinaryBook Broker Scam Review”

  1. i hate this one. lost me all the money i put into it complete bias!

  2. Its definitely a scam, with gold account, lost all of my$20,000, ,its total scam stay a way, they will lie to you until you believe that the sun is green. You have been warned they are compulsive liars, they convince you that they will recover your account then will ask u more money!

  3. I am worried as binary books have asked for a lot of details straight after I joined up.
    therefore, can’t access the trading area until they are sent. I am suspicious because they are asking for copies of credit card, passport, written signature etc sounds awfully like a fraud connected with customers’ personal belonging

  4. pamela khalifa May 7, 2016 at 5:32 pm

    hook up with auto traders on both and your money is gone in seconds.. with no way to win it back. even turn off the auto trader and still no way to win. binary gave me a mentor said if i put 1000 in my account he would match it then told me what to invest in long term..i desperately took his advice..first few minutes the money disappeared then it came back and now it is gone again for 5 days so im trying not to tear my hair out while praying for it to come back

  5. I believe that these scammers will pay for it and I plane to show up at their door and take a few out and put a few in wheelchairs too

  6. James A Frazier May 13, 2016 at 9:17 pm

    This is the worst band of Pirates I have ever heard of. Do not trust these criminals.

  7. Wayne Irwin May 17, 2016 at 3:14 pm

    There is no way they will ever return any money My son did everything exactly like they said to and I was suppose to get 404.00 return but instead of refunding my investement they send you an email telling you that tells you didd not do something which would be more trading

  8. sherwin Smith May 17, 2016 at 11:10 pm

    new to the binary system started with binarybook made $180 after lose of $250 start fee lets see if the company has made improvement. I did ntice the communication problem which did fustrate me at first havent withdrawn amount yet lets see how it goes will update more

  9. I invested £250 with them and they took £6000!!! They refunded the amount when I complained. They put my £250 on auto trade [without my permission] and lost the lot!!

  10. Penny Tuhoro May 20, 2016 at 10:20 am

    red flags started with my bank Kiwibank to find BB is “blocked” thank f**** goodness I found this out prior to depositing more money I can’t afford to lose. I have also learned to “google” prior to as well as ask my Trading Whanau for reputable companies to invest in safely

  11. Willie Mitchell May 23, 2016 at 4:58 am

    Thank you for the advice they just about had me convinced . until they commented on how long they have been in business.

  12. paul benson May 30, 2016 at 1:23 am

    can someone tell me how i can close account when trades finish and get my money back?

  13. did anyone received an email asking for some ID like passport , copy of credit card been used in trading , bills and a signature ? pls do let me know . thanks

  14. they have taken £30000 from me and put £20000 on one position. if you want to trade Binary Options CHOOSE SOMEONE ELSE!

  15. Kent Danielsson June 7, 2016 at 3:32 am

    i did

  16. Kent Danielsson June 7, 2016 at 3:33 am

    Dear Kent Danielsson,

    Welcome to BinaryBook and thank you for opting us as your preferred Binary Options Broker. In order to ensure the safety of your trading account and for you to benefit from our exclusive services, you are required to submit the “Know Your Customer” (KYC) documents which are as follows:

    Proof of ID
    A coloured scanned copy of your valid Passport, Driving License or your national ID.

    Proof of Address
    A scanned valid Utility Bill or Bank Statement (not older than 3 months).

    Proof of Payment
    A coloured scanned copy of your Credit Card used for the deposit:
    (i) Front – Cover only the first 12 digits
    (ii) Back – Cover the CVV (3 digits number)

    Deposit Confirmation Form (DCF)
    Fill in all your transactions made along with a duly handwritten signature.
    Click here to download the DCF.

  17. Burkhard Bartels June 9, 2016 at 7:38 pm

    Stay away from these folks they will not let you withdraw your own money ….

  18. Hi, they have asked me Iabout my ID, bank card copy, billing address and signature. I am worried about my details but I have straight away canceled my card details so they won’t be able to use.

  19. Gordon Casper July 6, 2016 at 10:16 pm

    Yep, a scam it seems to be. Has anybody taken the matter up with the competent authorities? If so, please tell me.

  20. You are a life saver! Thank you very much for your help with the reviews.

  21. hi
    sorry for that i did the same thing they asked me for all that which i provided too,i feel like an idiot having given them my personal information and its a scam…i feel worried but i have cancelled my credit card for now…..incase they attempt to withdraw money from my account…

  22. OMG

    I just deposited money into my account n send them the documents it was said I must send and now no communication at all, no respond to my emails nor calls as they’ve been calling me non stop.

  23. We invested in at the highest level and were promised we could withdraw $5,000 a month. Every time we tried to make a withdraw the broker would call and cancel and make excuses saying we didn’t have enough in our account to make a withdrawal, that $62,000 was the companies money. So we would not agree to do any trades and they kept changing the brokers, then started asking for more money. We are not going to agree to do anymore with them until we can pull our money out. We want everyone to know they are a scam and do not make the mistake we made. Thanks, Glenn

  24. It is really a scam, I was told to invest $250 and a professional broker by tge name of Joshua Anderson helped to trade everyday for long term, which made me lose a lot. He then asked me to add another $250, I accepted. He continued to make me trade for long term, but lost. When I realised that I’m losing a lot of money I then requested a withdrawal, I was not allowed to withdraw coz of i have not reached to the terms and conditions of the company. I feel cheated and treated well.I won’t encourage anybody to register!!!

  25. I was treated unfairly by the broker who stoped calling me and not replying any of my emails…it’s really bad when people promised to be of assistance and yet they SCANNERS.

  26. BinaryBook Broker is WORST broker ever. Don`t trust them

  27. Bayne Boyes July 26, 2016 at 5:46 pm

    Binary Book is a scam. We invested 160K. Roger Wilson was our trader; very smooth talker. Assured us our capital was guaranteed etc. Performed as long as he knew we would add more money; added ‘bonuses’ without our permission. The bonuses are weird; they are only added for the traders’ benefit to leverage our capital. Withdrawals don’t happen at least until enough commission has been earned on winning trades to equal the bonuses.

  28. bobby tadlock July 27, 2016 at 1:09 am

    Do not trust them. I have $40000 + invested and cannot withdraw any of it back. Anybody know how to get any back. Someone or someplace to complain to?