BinaryBook Scam Story

Best Binary Options Brokers 2020:
  • Binarium
    Binarium

    The Best Binary Options Broker 2020!
    Perfect Choice For Beginners!
    Free Demo Account!
    Free Trading Education!
    Get Your Sing-Up Bonus Now!

  • Binomo
    Binomo

    Only For Experienced Traders!

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BinaryBook Review

Review

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. They offer beginners as well as professional traders ease of trading, dedicated customer service and exceptionally high payouts. BinaryBook.com is one of the few binary option brokers that accept U.S. clients.

Accounts

There are five different account types to choose from at BinaryBook. 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 Basic Account is designed to help binary options traders who have had some success in the past and wish to improve their return on Investment through excellent learning materials, trading tools and defined strategies. 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’s Gold Account is the ideal choice for advanced traders who wish to make large-scale investments and 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. This account is ideal for high-volume traders that aim towards a heightened trading experience. There is a 100% welcome bonus in addition to five risk-free trades and two months of free Platinum Trading Signals (Worth $1,000).

All the above accounts come with access to BinaryBook’s highly-secured platform and to the BinaryBook Academy, as well as a personal account manager that closely follows a client’s trading activities and provides customer support wherever in need; from 5 to 10 hours of trading sessions with one of BinaryBook’s expert traders and additional promotional incentives (Up to 75% per deposit).

With an initial deposit amount of $50,000 or more, a trader is entitled to an exclusive VIP package consisting of more benefits and discounts. To open this account, one must contact an account manager via Chat, email or telephone.

Best Binary Options Brokers 2020:
  • Binarium
    Binarium

    The Best Binary Options Broker 2020!
    Perfect Choice For Beginners!
    Free Demo Account!
    Free Trading Education!
    Get Your Sing-Up Bonus Now!

  • Binomo
    Binomo

    Only For Experienced Traders!

BinaryBook offers an Islamic Trading account which is fully compliant with the Sharia law and excludes any Riba (commissions and Interests). Those of the Muslim faith can benefit from the advantages of binary options trading without jeopardizing their faith.

Education

Educated clients are important at BinaryBook and there is much to learn at the broker’s Trading Camp. BinaryBook offers a wide range of learning material for both advanced and beginner traders. There are visual and interactive resources such as a range of videos and e-books as well as in-depth tutorials and lessons. Assistance can be obtained upon request from expert traders on staff at BinaryBook.

Deposits/Withdrawals

Deposit funds can be made securely and without any hassles. BinaryBook accommodates for the largest range of deposit methods, allowing traders worldwide to take advantage of exceptional trading features. 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.

Bonuses and Promotions

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

As part of the refer-a-friend program, any trader who recommends BinaryBook to a friend can earn up to $100 as cash bonus.

BinaryBook also offers risk-free trading to its traders to make binary options trading even more profitable. 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.

In addition, for each deposit made, BinaryBook gives a redeposit bonus, up to a maximum amount of 100% of the initial deposit value. They also offer occasional discount codes and promotional offers through their social media websites (Facebook, Google+, Twitter), and mailing lists.

Customer Support

The BinaryBook website and customer support are available in English, Arabic and Turkish. Support is provided through Chat, emails or phone to numbers in the UK and Bahrain. I contacted the Chat service for a query about trading and received a quick and informative response.

Conclusion

Trading at BinaryBook is an enjoyable experience. The website is lively and colorful and there some excellent features. Setting up an account, selecting an asset and placing a trade is simple and timely and it can all be done within a few minutes.

Features

BinaryBook has an exceptional website with a host of great features. One of the goals at BinaryBook is to provide an arena that ensures the protection and privacy of its customers and although there is no official regulation, the broker has gone out of its way to put in place all meaningful security measures so traders can feel secure.

It’s always beneficial to offer traders a choice of different accounts and the five accounts at BinaryBook span the choices from Micro account where $250 is the required minimum deposit to the Platinum account with a minimum deposit of at least $10,000. And then there is the VIP account for those with $50,000.

BinaryBook Scam Story

I write this to prevent other people from loosing money

I came across ”The Binary Insider” Website (https://www.thebinaryinsider.com).

They offer a free program to make money with binary options.

After watching the video, where they are telling about a winning rate of 85% , I downloaded the software and installed it.

After starting the program it came up with a registration form of Cedar Finance. I filled out the form and got $500 to practice. The practice account is bound to number of trades and/or volume. That means you can do practice trade about 20 minutes to 1 hour. I locked on again with different names to get more practice accounts. All the results were outstanding.

I tried this practice accounts and came to amazing results. 700-800 Dollars in just minutes! And really 90-92% success rate!

I checked in the net and didn’t find any negative posts. Even on Youtube you can find a video about that Binary B. S. insider.

On little thing made me suspicious: when I tried out different things with practice money I saw a buy entry of USD/JPY far, far away from the current price on my MT4. It could never, ever have been so low. Not even for a second! It wasn’t that low the last 4 years!

There was only one way to find out the truth!

The next morning I paid the minimum of 200 Dollars to Cedar Finance to start with a real account. A minute later I got a phone-call from Cedar Finance who asked me if I want the bonus or not. I told them I want the bonus and a few minutes later I had $260 as my starting balance.

As several times before “The binary Insider” EA displayed on the left hand “strong” signals in different green shades and different time-frames (M1, M2 and M5).
As several times before I just clicked on this strong signals and made 10 trades. And – oops- suddenly the success-rate was down to 60%. My pre-calculation told me that it might not be less than 60% to make at least a little money!

I started another 11 trades ( in total 21) 10 winners and 11 loosers. The balance down to $226.

Here is the truth: this system is a scam. Do not try it! Don’t even think about it! They want only the best from you: your money .

I guess it is either ”The Binary Insider” who gets money (affiliate) from Cedar Finance or it is Cedar themselves who invented the system to catch customers.

Another thing can be seen here: do not trust any EA or Signal Provider on a demo/ practice account. Demo/practice account show you the wrong data.

I hope I could help you to save money.

Many happy trades

Member Since Feb 16, 2020 22 posts Jay (Oksenboel) Sep 10 2020 at 11:40
Member Since May 30, 2020 37 posts Iroa Sep 11 2020 at 07:41

Those % stats in trading systems are calculated over time not in a single day. I don’t really think you can judge a system just from 20 or so trades, especially an intraday scalping system with what a 5min 15min timeframe? If I was going to try out a new system like that I would need at least 1 years history and 500+ trades MINIMUM.

Although, the chances are you’re probably right and it is a scam. Off market prices are telling, its likely an indication they’re manipulating their feed.

In general binary options brokers have even worse reputations than fx brokers and every binary broker I’ve ever come across just screams bucketshop. That’s why I never bothered to put any real money in these outfits.

Member Since Sep 04, 2020 12 posts Andrew_S Sep 11 2020 at 12:49
Member Since Feb 16, 2020 22 posts Jay (Oksenboel) Sep 11 2020 at 20:11

The Binary Insider SCAM continued

I made another session to show you how this looks when you make a practice session. I made about 120 trades. Only 15 of them lost.

Please see my attached screenshot

Do not use this system. You will ONLY LOOSE .

Many happy trades

Member Since Feb 16, 2020 22 posts Jay (Oksenboel) Sep 11 2020 at 20:12

You can see I made ‘only’ 958 in about 15 minutes. This was absolutely my worst session. In other sessions i stopped with 1300 – 1400 after 20minutes.

But this is pure fake and b. s.

Many HAPPY trades

Member Since Oct 21, 2020 2 posts Efrem90 Oct 21 2020 at 18:40

Oksenboel posted:
I write this to prevent other people from loosing money

I came across ”The Binary Insider” Website (https://www.thebinaryinsider.com).

They offer a free program to make money with binary options.

After watching the video, where they are telling about a winning rate of 85% , I downloaded the software and installed it.

After starting the program it came up with a registration form of Cedar Finance. I filled out the form and got $500 to practice. The practice account is bound to number of trades and/or volume. That means you can do practice trade about 20 minutes to 1 hour. I locked on again with different names to get more practice accounts. All the results were outstanding.

I tried this practice accounts and came to amazing results. 700-800 Dollars in just minutes! And really 90-92% success rate!

I checked in the net and didn’t find any negative posts. Even on Youtube you can find a video about that Binary B. S. insider.

On little thing made me suspicious: when I tried out different things with practice money I saw a buy entry of USD/JPY far, far away from the current price on my MT4. It could never, ever have been so low. Not even for a second! It wasn’t that low the last 4 years!

There was only one way to find out the truth!

The next morning I paid the minimum of 200 Dollars to Cedar Finance to start with a real account. A minute later I got a phone-call from Cedar Finance who asked me if I want the bonus or not. I told them I want the bonus and a few minutes later I had $260 as my starting balance.

As several times before “The binary Insider” EA displayed on the left hand “strong” signals in different green shades and different time-frames (M1, M2 and M5).
As several times before I just clicked on this strong signals and made 10 trades. And – oops- suddenly the success-rate was down to 60%. My pre-calculation told me that it might not be less than 60% to make at least a little money!

I started another 11 trades ( in total 21) 10 winners and 11 loosers. The balance down to $226.

Here is the truth: this system is a scam. Do not try it! Don’t even think about it! They want only the best from you: your money .

I guess it is either ”The Binary Insider” who gets money (affiliate) from Cedar Finance or it is Cedar themselves who invented the system to catch customers.

Another thing can be seen here: do not trust any EA or Signal Provider on a demo/ practice account. Demo/practice account show you the wrong data.

I hope I could help you to save money.

Many happy trades

Jay

but today I just was cheated by the system. shame because it took me all of a pension . but would like to get up. greed. I want to ask if anyone knows about the work of such a system -‘The 1K Challenge’?

Member Since Oct 21, 2020 2 posts Efrem90 Oct 21 2020 at 21:44

Oksenboel posted:
The Binary Insider SCAM continued

I made another session to show you how this looks when you make a practice session. I made about 120 trades. Only 15 of them lost.

Please see my attached screenshot

Do not use this system. You will ONLY LOOSE .

Many happy trades

Jay

but today I just was cheated by the system. shame because it took me all of a pension . but would like to get up. greed. I want to ask if anyone knows about the work of such a system -‘The 1K Challenge’?

Member Since Dec 15, 2020 795 posts Professor53 Oct 30 2020 at 21:36
Click on my Name to see My Live Charts and Bio. Member Since Nov 07, 2020 6 posts sedaka01 Nov 07 2020 at 22:40

I invested USD550 in CedarFinance and traded binary option using The Binary Insider. I started trading on 4th November, 2020. I let my computer on and went fishing with my two sons. I came back on the 5th evening. I checked my computer and guess what? There was only USD6.70 left in my account. There were 260 trade made and more than 70% were lost. In their promotional video they claimed the Binary Insider was more than 90% correct in their prediction.

I kept a print-screen copy all the 260 trade and CedarFinanve still keep my trading history.

Yesterday I entered The Binary Insider website and made a complain about their software performance. But today I have problem entering the website. I think I’ve been blocked.

Binary.com’s remarkable history

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In the EU, financial products are offered by Binary Investments (Europe) Ltd., W Business Centre, Level 3, Triq Dun Karm, Birkirkara, BKR 9033, Malta, regulated as a Category 3 Investment Services provider by the Malta Financial Services Authority (licence no. IS/70156).

Outside the EU, financial products are offered by Binary (SVG) LLC, Hinds Building, Kingstown, St. Vincent and the Grenadines; Binary (V) Ltd, Govant Building, Port Vila, PO Box 1276, Vanuatu, regulated by the Vanuatu Financial Services Commission (view licence); Binary (BVI) Ltd, Kingston Chambers, P.O. Box 173, Road Town, Tortola, British Virgin Islands, regulated by the British Virgin Islands Financial Services Commission (licence no. SIBA/L/18/1114); and Binary (FX) Ltd., Lot No. F16, First Floor, Paragon Labuan, Jalan Tun Mustapha, 87000 Labuan, Malaysia, regulated by the Labuan Financial Services Authority to carry on a money-broking business (licence no. MB/18/0024).

This website’s services are not made available in certain countries such as the USA, Canada, Hong Kong, Japan, or to persons under age 18.

The products offered via this website include binary options, contracts for difference (“CFDs”) and other complex derivatives. Trading binary options may not be suitable for everyone. Trading CFDs carries a high level of risk since leverage can work both to your advantage and disadvantage. As a result, the products offered on this website may not be suitable for all investors because of the risk of losing all of your invested capital. You should never invest money that you cannot afford to lose, and never trade with borrowed money. Before trading in the complex products offered, please be sure to understand the risks involved and learn about Responsible Trading.

In the EU, financial products are offered by Binary Investments (Europe) Ltd., W Business Centre, Level 3, Triq Dun Karm, Birkirkara, BKR 9033, Malta, licensed and regulated as a Category 3 Investment Services provider by the Malta Financial Services Authority (licence no. IS/70156).

In the Isle of Man and the UK, Synthetic Indices are offered by Binary (IOM) Ltd., First Floor, Millennium House, Victoria Road, Douglas, IM2 4RW, Isle of Man, British Isles; licensed and regulated respectively by (1) the Gambling Supervision Commission in the Isle of Man (current licence issued on 31 August 2020) and by (2) the Gambling Commission in the UK (licence reference no: 39172).

In the rest of the EU, Synthetic Indices are offered by Binary (Europe) Ltd., W Business Centre, Level 3, Triq Dun Karm, Birkirkara, BKR 9033, Malta; licensed and regulated by (1) the Malta Gaming Authority in Malta (licence no. MGA/B2C/102/2000 issued on 01 August 2020), for UK clients by (2) the UK Gambling Commission (licence reference no: 39495), and for Irish clients by (3) the Revenue Commissioners in Ireland (Remote Bookmaker’s Licence no. 1010285 issued on 1 July 2020). View complete Regulatory Information.

Binary.com is an award-winning online trading provider that helps its clients to trade on financial markets through binary options and CFDs. Trading binary options and CFDs on Synthetic Indices is classified as a gambling activity. Remember that gambling can be addictive – please play responsibly. Learn more about Responsible Trading. Some products are not available in all countries. This website’s services are not made available in certain countries such as the USA, Canada, Hong Kong, or to persons under age 18.

Trading binary options may not be suitable for everyone, so please ensure that you fully understand the risks involved. Your losses can exceed your initial deposit and you do not own or have any interest in the underlying asset.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 78.6% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Best Binary Options Brokers 2020:
  • Binarium
    Binarium

    The Best Binary Options Broker 2020!
    Perfect Choice For Beginners!
    Free Demo Account!
    Free Trading Education!
    Get Your Sing-Up Bonus Now!

  • Binomo
    Binomo

    Only For Experienced Traders!

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