Binary Book Review
In 2014, WSB Investment Ltd in Midlands, United Kingdom started the binary options brokerage by the name of Binary Book. Utilizing the popular Spot Option trading platform, investors have many trading features including speed trading, ladder, one touch and pairs options.
Binary Book offers a wide variety of assets within stocks, commodities, currencies and indices that they can predict will rise or fall.
Binary Book does also have mobile trading applications so investors can trade while on the go. What’s more, Binary Book offers a comprehensive Islamic account system to follow Islamic investment procedures.
Binary Book has not yet attained licensing and regulation, but overall, they seem to run a professional binary options trading system.
Binary Book Deposit Terms & Conditions
Once you create an account with Binary Book, to begin trading you will need to deposit funds. Investors must be 18 years of age or older to do so. You can deposit by credit or debit card, or by wire transfer. The minimum deposit is $250.
Once you deposit funds, they will show up almost instantaneously in your account so you can start trading.
It is recommended that you send in compliance documents immediately. This will make it easier when you are ready to withdraw. These documents consist of:
- A government issued photo ID copy
- A copy of a utility bill or bank statement showing your name and address
- A copy of the credit card used to deposit with all but the last 4 numbers blacked out
These are needed for your protection, and to follow anti-money laundering regulations.
Binary Book Bonus Terms & Conditions
Binary Book does offer investors nice bonuses, but they also carry stipulations. The investor must have supplied Binary Book with compliance documents before they can receive a bonus.
With any bonus received from Binary Book, the investor must trade a volume of 30 times the bonus amount before they can withdraw that bonus and any profits made from them. So, if a person gets a $100 bonus, they will have to trade a volume of $3,000 to be able to withdraw.
It is for this reason that many seasoned investors do not accept bonuses.
Binary Book Withdrawal Terms & Conditions
As long as you have sent in the compliance documents mentioned earlier, withdrawals will flow smoothly. If you are withdrawing back to your credit card, the minimum withdrawal is $100. For wire transfer, the minimum is $250.
If you have not had a turnover of 200 units on your account before requesting a withdrawal, Binary Book charges a 10% fee. For wire transfer withdrawals, the fee is $50. For all others, withdrawals are free.
It can take Binary Book up to 3 business days to process your withdrawal. It can then take up to 7 days for funds to reach your account.
Keep in mind that the way you deposited funds is how Binary Book will process your withdrawal request.