Is Binary Book a Scam?

» Posted by on Oct 1, 2015 in Finance, News, Trading | Comments Off on Is Binary Book a Scam?

If you wish to know if a Binary Options trading broker is good, you first have to see if it is legit, or if it is a scam. In this day and age, you can never be too safe, and so it is always better to read about a thing first, before you start using it. Such is the case with Binary Binary Book is safe enough to be traded on.

binary-book-logoThe very first thing we’ve realized when doing a research about this trading platform is that people think rather negatively about it. We decided to discover why this is so, and what we discovered may influence your decision to trade there a lot. The people who used to trade on it say that this trading platform is completely rigged, and that you will never be allowed to withdraw your money. This is a very negative thing, when it comes to trading platform and for this reason alone, it should be avoided. Apart from this, there are many more reasons why this trading broker is not safe.

Apart from the fact that you can’t withdraw you money from it, it is also unregulated, which is a very bad thing for a trading platform. Unregulated platforms are not controlled by the authorities, which means that there is nothing stopping them from taking your money, except good faith, and nowadays, good faith is becoming a commodity.

Another thing that makes us believe that this trading platform is a scam is the fact that 6 out of 10 people do not trust it, which means that more than 50% of people think that it is at least unreliable. This means that a majority of people believe that this trading platform is being used only to take money from you, which basically means that you shouldn’t trade here.

binarybook

People claim that this trading broker promises a lot, and never delivers. So, if you are a gullible guy, they will find a way to get to you, but you need to be strong, and realistic in your desires. Do not believe everything that is being offered to you. Or, if you do believe it, at least do some research, and if you discover that a trading platform is not very good, than stay away from it.

So, after discovering all the bad stuff about this Binary Options trading platform, we have concluded that it is a scam, and that you really should not trade here. There are far better trading platform that are well regulated and that offer great withdrawals and bonuses, and Binary Book does not seem to be one of them. So, our advice to you is to stay away from this broker, and find a better one.