Binary Book is a binary options trading platform provider owned by WSB Investment Ltd. They are located in the United Kingdom and have been in existence since 2012.
PLATFORM AND TRADE TYPES
This broker uses the Spot Option platform used by several other reputable binary option brokers. The platform is easy to use. Traders that are usually on the go can use the mobile app from the Appstore or Play store for their trading.
The following trade types are offered on the platform:
Ladder Trading: With Ladder trading options, a trader can make predictions to secure profits and roll over as the price reaches those predetermined price levels.
Pair Options Trading: Binary Book offers Pair Trading that allows you to predict the relative performance of two assets and make profits if your predictions are correct.
30 seconds and 60 seconds: As the name implies, trades are made for an expiry period of 30 or 60 seconds, allowing you to quickly make profits from changes in the price of underlying assets.
Weekly and Monthly: Trades are made with an expiration period of 1 week or 1 month. Ideal for swing traders.
BINARY BOOK DEPOSITS AND WITHDRAWALS
You can fund your Binary Book account using a variety of credit cards (Visa, Delta, MasterCard, Diners, Visa Electron, Maestro, Maestro UK and Solo) as well as wire transfer. The minimum deposit amount is $250. Withdrawal can also be done via Credit Card. You can only withdraw $100 and above and there is no fee for withdrawals, though there are restrictions on the amount of withdrawals you can make during a time frame.
BONUSES AND PROMOTIONS
Binary Book gives bonuses to encourage new sign ups. If you sign up, you can get bonuses on your initial deposit of between 25%-100% depending on the amount you deposit. Once you start trading, you also get access to risk free trades if you deposit $1000 and above. You get one risk free trade for depositing $1000 and two risk free trades for deposits of $2000-$9999 and five risk free trades for deposits of $10,000.
In addition, you can get extra cash of $100 for each friend you refer.
Binary Book offers round-the-clock customer support through email and phone.
Phone: +44 203 026 4498 (UK) and (312) 809-5999 (USA).
PROS AND CONS
They use a superior trading platform, Spot Options.
They offer a mobile app for easy trading.
Their association with the Virtnext trading robot has been problematic reputation-wise.
Binary Book is a decent options broker, particularly for American traders. However, they seem to have a less than stellar reputation with traders and as such, each prospective customer should carry out personal due diligence to be sure it is the right broker for them.