Date:Fri Nov 22 2024Tokyo:15:21Sydney:17:21New York:1:21London:6:21CET:7:21
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STAY AWAY FROM WWW.BINARYBOOK.COM !! Their platform is rigged !!
smallb1979
Posts: 1 ✭
Posts: 1 ✭
in Complaints
Don't ever use their service , is a rigged platform , and you can forget about taking your money back , if you want prove , please e-mail me , I'm new to this platform so I don't know how to operate it yet !!
Comments
As you can see from my signature, MarketsWorld gets my vote too.
https://www.thegazette.co.uk/notice/2458581
The Hearing in the High Court is on the 8th February 2016. ANY customers/clients/investors are encouraged to contact Selachii LLP (info@selachii.co.uk) to notify their interest in this petition as a creditor as soon as possible and certainly no later than 4pm on Friday 5th February 2016.
If you are aware of anyone who has money invested at Binarybook.com, please make them aware of this message.
But somewhere down the line things went wrong, I lost my initial investment without even knowing how. I contacted BinaryBook and asked how could that be possible. One of the guy there told me that I was trading on assets that weren’t really performing well on the markets. That’s when I realised that I still didn’t know much and the reason to why I lost my investment. Therefore, I asked him how do I trade better and be more successful? He explained that I should spend some time in their learning section on their website and familiarize myself with it.
Days later, after gaining much more knowledge about Binary Options, I tried it again by investing £500 and apply everything I could gather. Even apply my small strategies from my own research and analysis. Starting with small trades of $25 dollars and worked my way up. Without any hesitation or flattering, today my account is sitting on £3,085. Of course, I have not yet performed any withdrawals.
Even though I am now trading successfully, I had to ask myself that If I could win, why are there still a number of BinaryBook complaints where people are not satisfied with this broker? I took the initiative to read numerous reviews and one in particular site, which is known to analyze and test the reliability and legitimacy of brokers, released a binaryoptions.net/binary-options-brokers/ and it caught my eyes about what they found out regarding Binary Book. Is that I am a complete scammer trying to promote them and I won't do that anymore!
I am looking with a different set of eyes at Michael, with disappointment.
I initially wanted to try and test the robot Social Tech Trader. After signing up I was directed to use the broker Binary Book where I deposited £300. I was later contacted and sold the idea that the Robot does not work very well and that I should allow them to trade for me and make lots of money. The idea sounded great until I was told I would need to add another £4700 where they would add a bonus and use it only for margin only. On hearing these kind of figures I made it crystal clear that I only wanted to try out the Social Tech Trader robot as that was my original idea. Binary Book are very pushy and treat your money as though it’s nothing and there should not be any fear as they have lots of satisfied customers who are getting handsome returns. Well after a lengthy conversation I agreed to them trading for me with the £300. I got the biggest shock when I checked my bank account and saw a debit of £4700. I was furious to put it lightly and I managed to speak to a supervisor. I expressed it was no less than fraud what they have done and I demand a full refund immediately. Well on 21/03/2016 I saw that Binary Book refunded £4720. I phoned and inquired about the rest of the money as I was £280 short. You wouldn’t believe that I was told that I had incurred fees of £25 + £5 for processing and to top it all because I did not trade and have a turnover of £200 I would be charged 10% tariff. I was told that it’s all in their terms and conditions. As far as they were concerned my account is now closed. I found it extremely difficult to explain again and again that my situation did not fall neatly into the T&C as £4700 should have never been taking in the first place. I stated that I am being treated unfairly and to charge me £250 when I never made no trades is daylight robbery. Binary Book will never treat you as a valued customer only waiting to pounce and devour your money. Be Aware fellow traders. By the way their maths sucks 10% of £5000 does not add up to £280 so goodness knows who runs their finance department.
http://www.winchargeback.com/#!fpa/u4vy1
so now waiting for binadroid to email me, please don't do what i did and play untill you practice and know what your doing as you can make some money but go with a regulated broker you have more rights
http://www.timesofisrael.com/2500-victims-of-binary-options-fraud-to-sue-in-london/
How Do Binary Brokers Make Their Money?
Simple: they win when you lose! It’s a given that around 85% of traders lose in the binary market. It’s a fact that was proven from hard data. That means on 85% of all the trades a broker handles, they make money. You’re basically playing against the house (the broker) instead of against players (the other traders).
Of course, that makes it easy for the broker to pay the few winning traders by taking a small part of the money the losing traders lost, give it to the winning traders and keep the rest for themselves. As you can imagine, this is a very lucrative business once the ball gets rolling!
The bad, or plain ugly
As we all know, there are some really shady brokers out there. Their simple rule is: take you for everything they can get their hands on, and run.
To them, making money from you isn’t about ethics, it’s about gathering your trust until they can get you to deposit a lot of money. Once you have done so, radio silence is in order and you can bet you won’t see much of that money again.
The tricks they use are plenty, but the most common is the deposit bonus. They basically promise you a 500-600% deposit bonus up to $2,000. So you go for it, as it seems like a good deal. Unfortunately they don’t tell you this bonus will lock your funds until you’ve traded for as much as 50 times the amount of money you’ve deposited (so here $100,000).
The idea is obviously that until you get to that amount of money traded, you’ll have gone broke or plainly decided it wasn’t worth it.
Now there are ways to check your brokers accreditation. Stick with regulated brokers!
Main Regulatory Organizations:
ASIC (Review of ASIC) – Australia Securities and Investment Commission (Australia)
CySec (Review of CySec) – Cyprus Securities and Exchange Commission (Cyprus)
NFA (Review of NFA) – National Futures Association (United States)
CFTC (Review of CFTC) – Commodity and Futures Trading Commission (United States)
FCA (Review of FCA) – Financial Conduct Authority (United Kingdom)
FSP (Review of FSP) – Financial Service Providers (New Zealand)
THE NEW 2016 BINARY OPTION SCAM
This new scam seems to be quite complicated. It involves crooked brokers, Binary Option (BO) review sites and a sudden upwelling of auto trading systems, claiming to make you tons of money every day.
Binadroid
CopyBuffet
Safe Income
to name a few.
Now I cannot say anything yet about Safe Income because I have not tried them. However, I have tried both Binadroid and CopyBuffet. Both are at the top of the charts for being honest, credible and both get tons of great reviews. Yeah...............great reviews, but that is part of the problem!
All of the review sites make their money by affiliate marketing. There are hundreds of review sites! Yeah they warn you about bad scams, but as part of that review they recommend that you use regulated brokers or a particular broker they trust, or trading software. They have a link to each of these, an “affiliate” link! An affiliate link means they are representatives for that site, product, broker etc. Every time someone uses their link to go and buy the product, or sign up with that broker, or auto trader, THEY GET PAID for sending people to these sites! The more people they get to the sites, who join, buy, sign up, the higher level of their pay from these sites.
Now as far as the review sites go when Binadroid and CopyBuffet are seemingly making people tons of money, it is to their benefit to highly promote these auto traders. They almost never allow negative posts! Particularly BinaryOptionWatchdog. They refused to post my negative results. When I complained to them about their posting rules, they ignored me! Posting negative reviews can reduce the number of people who use their affiliate link and therefore they lose potential income.
Now let’s put this altogether. I will use my personal results to explain and prove my allegations.
I signed up with Binadroid in March, 2016. The review sites tell you that you can choose your broker. However, not all countries have that option! In the US there is only one broker available.............Binary Book. They are located in the United Kingdom, and are not regulated by CySEC nor by CFTC in the US! After complaining about my results Binadroid told me weeks ago that they would have a new US broker...........in a few days! Never happened!
So my results using Binadroid were:
54 trades
20 wins
34 losses
= 37% win rate The last 6 trades were all LOSSES!
As well, I have been in contact with other US Binadroiders. All got stuck with Binary Book! All lost money.
So we have a non regulated broker, multiple people losing using Binary
Book and review sites refusing to post negative reviews! You do the math, so to speak! SCAM AND FRAUD!
Now about CopyBuffet.
I signed up with CopyBuffet in early April, got set up with Morton Finance. Morton Finance has only been In operation since September 2015 and is not regulated. See the pattern?
See http://scambroker.com/morton-finance/ for further details.
In part they write:
“ Morton Finance does not allow traders to use any automated trading software.
Their terms and conditions say;
18.2 If you integrate an automated or semi-automated device on the Morton Finance browser or platform in lieu of your personal interaction or utilize a backdoor API; we will consider your activity system abuse and we will nullify your position or cancel your account with Morton Finance.”
This means that if you have incredible luck, and actually make money using Copy Buffett or BinaDroid your account will be cancelled and you will not get your money back!
So why did CopyBuffet set me up with them? Because they don’t care about me or anybody else! Now check out my results via CopyBuffet/Morton Finance:
Friday April 15, 2014 Morton Finance. (My first time trading)

-Only EUR/USD was traded. No other pairs were possible?
-All four trades were made exactly 1 hour apart, almost to the second!
15:18:29
16:18:24
17:18:23
18:18:17
It is statistically impossible for an automated system, looking supposedly for 95% sure wins, to only pick one specific BO pair and trade exactly one hour apart!
-All were one minute trades!
This is BS. One BO pair, EUR/USD, was set up on a timer to trade one hour apart!
Obviously designed for me to lose!
I tried one more time, on Monday April 18, 2014. Can you guess what I got?

Same exact thing. EUR/USD, and notice the time 16:18:25! Exactly like Friday!
Folks these are the facts! I welcome you to comment or tell me about your experience with these so called auto traders!
Their are only two ways to actually make money yourself in binary options,
Develop an affiliate review website and start your own scamming! Or
Learn how to trade on your own!
Email me at: bilwebore@gmail.com. I, unlike them, have nothing to hide!
No later than 3 minutes after creating my account, someone named Lea Joyce called me like 10 times so I said wth, I will answer. By a subtle chat, she somehow made me to make a deposit of a minimum 250 EUR (she tried to convince me for more based on the idea that if I can deposit 250, I should better try with at least another 100 EUR more). Because I wanted to evaluate the automated software and the broker, I considered it's not a big loss and moved on with the deposit.
Later on, I have screen captures with the autotradings, with 9 losses and 8 wins in a day (25 EUR per trade). Therefore I concluded that virtnext is not a good opportunity for me - or for anyone else I dare saying!
As my account dropped to 160 EUR, I said to myself, OK... this is as far as I can go, any further will make me lose everything.
Then some Kate Williams called me, asked me how my trades are going, what is my trading experience, etc. She said that she has some fantastic opportunities on Dinsney about to open a new theme park in China on June 16th, Amazon is working on some product like youtube, and that Apple has a target of some millions devices to be sold until September. For a great income, she tried to convince me that it's a fantastic moment to enter the market, and only required me to start on a small amount, at least 5.000 EUR. At this point I was starting to feel scammed. OK, BinaryBook, I have made a small minimum deposit, but going really that high to ask, from 250 to 5.000, is a little bit doubtful. At this moment I considered myself very happy that I was not so desperate after a quick huge winning, like most gamblers that unfortunately get scammed.
I told her 250 EUR is the maximum I can afford at the time. Some guy Daniel-something then took over the conversation, told me that he had listened all the conversation until then and that he is the manager, and he'll be straight and fair telling me no bullshit. A long conversation followed, that took place EXACTLY as the scene in "Wolf of Wall Street" if you remember, where Leonardo was showing his team how to scam a customer, with nice persuasive words while giving him both middle fingers. At points I felt he was holding laughs but not his team, who was laughing in background. He told me that he wants to squeeze my account of every last penny for this absolutely most awesome ever trade, and I said NO, and he said he will attempt to make a 5.000 deposit from my card, and if it gets declined, he will show his boss that I don't have enough money and proceed with my leftovers from the trades - 160 EUR. REALLY?
At this point I was determined, it was the point of no return and I could not take more. So I decided to withdraw the leftovers of 160 EUR. A new adventure started here. Finding the withdrawal section was not easy - you have to go to Deposit and find the Withdrawal link there. No options, just a text box and a button. I submitted 160 EUR, clicked Withdraw, and saw in my History that the Withdraw is PENDING. On the live chat I find out that my "expert broker", Kate Williams, must have a phone conversation with me to confirm the withdrawal. I received a few more calls from "brokers" - female voices. I told each one of them from the beginning that I only want to withdraw and end amiable, and care about nothing else. They didn't even want to hear about that, and kept saying "let's reinvest that in a few more trades bla bla". 5 or 6 phone calls later, I wrote them on the live chat that if i don't get my withdrawal confirmed, I will pursuit into legal actions against them. 5 minutes later, the withdraw was confirmed, and they told me I have to wait up to 10 business days to get the money onto my credit card.
Today was day 1 of my experience with Binary Book, and day 1 of Business Days to return my leftovers.
Actually, in about 30 minutes I will have 24hours from my signup.
Hopefully, I will get to see those 160 EUR back into my account soon.
CONCLUSION: Do NOT subscribe OR deposit money with Binary Book. They will persuade you to invest more and more, giving nothing back, and they are HIGHLY trained to do that. Better be dissapointed that you haven't tried it (as many here say), than be poor or lose money and time for nothing.
Please take these guide lines if you want to get some income and have no idea about binary trading:
1. NEVER SUBSCRIBE TO ANY AUTOMATED SOFTWARE. NONE OF THEM. You will most likely lose all your money. All are making some sort of predictions that the trend will go up or down, based on charts, but it's impossible for a machine or human to know exactly where an asset will be at a given time. The videos you see on youtube with people winning from automated software, are scams with links in their video or descriptions including their affiliate name. In other words, you click to subscribe, and they make profit for nothing from your deposits. Needless to say that all the videos you see online with people making HUGE profits, are, by default, SCAMS. No money, and no HUGE money comes without hard work.
2. DON'T TRADE WITH YOUR HEART. If you know nothing about binary options, trends, charts etc, and you trade with EMOTION rather than LOGIC, take a break, breathe and come back to the computer. Never spend all day on trades. And at last, if you feel this is not really for you, quit before you lose all your money.
3. DO NOT BE GREEDY. The smallest amount of greed WILL make you lose the trade. I have a great broker software now, which I use to learn and _maybe_ get some income in the future. By myself, I won 1050 EUR while investing 100, using a Martingale strategy starting from 3 EUR per trade (then 7, 16 35 and so on, in case the trade was lost), but because I was greedy, I lost it all, and made another 600 EUR deposit which I lost (I still have 10 EUR to play with). Nevertheless, I made some other deposits, like 100-150 EUR, and withdrawn them while winning, but still losing all the income, because of greed. I can tell you what is my broker but I won't type it here because really I don't want to advertise it. They have great trading software (desktop and mobile), and Withdrawals take place in 3-4 business days, no questions asked, and tested - they have card, skrill, bank transfer (for 50 EUR comission). Actually, I have not spoken to any broker from their company. Perhaps they saw I keep on losing and assigned a broker to me, but never changed words with him yet. No persuasion at all.
4. USE ANY TOOL AVAILABLE TO PREDICT THE ASSET YOURSELF. In my beginner opinion, the TREND is your main help. Follow it with care and don't bet on Turbo with expiry shorter than 2 minutes. Other useful indicators are Bollinger Bands, RSI, MACD and Stochastic oscillator. They are helpful but cannot be used in single combinations. Together they all give good signs to good traders.
5. TRADING ON LONGER PERIODS IS SAFER. Trade on longer periods (10-15 minutes at least) and lock trades with counter trades (eg, if you have a 10 EUR trade and it's losing, place another trade in the opposite direction equal to the profit, eg 8.40 EUR). It's called RISK MANAGEMENT. Never forget that LESS or LITTLE is BETTER than NOTHING (or a lost trade).