Is VipOptions a Scam?
SummaryAfter a detailed research we cannot confirm that this broker is safe. We recommend you to Proceed to Safety with Trusted & Approved Binary Options Broker. Alternatively you can Skip the content and See the Conclusion.
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VIPOptions is an online binary options broker that was founded by a team of traders in 2011. They provide traders with a range of assets from categories including currency pairs, indices, stocks and commodities. On their website, we have also come across information that their investment returns could go as high as 85%. Their compelling claims and well designed website made us carry out an investigation on this broker so we can reveal to you whether it is worth investing with them or not.
Is VIPOptions a Scam?
The broker claims to provide the highest level of service in the industry. But, when we tried to locate them on Google Trends, we were surprised to see that they are not ranked well. The claims of achieving up to 85% success rate are also quite unbelievable. We have found insufficient information about them and this is the reason we cannot approve them as safe. On the other hand, we also cannot assume that they are a scam because so far there are no negative feedback or complaints about them.
Their trading platform allows investors to trade Call and Put Options and 60 Second Options. They bring to you a feature called the Options Builder where you can set up options the way you want to. A fair range of assets is available in addition to learning materials that can teach you more about their trading platform and how to get started at VIPOptions.
Account Types and Bonuses
From the information we have found on their website, it is not clear whether they offer multiple account types of just one type of account. To start trading, you have to register on their website by providing some basic details about yourself. We assume that once you fill out the details and provide a phone number, one of their representatives will call you to discuss more about setting up a trading account and funding your account. At the moment, we don’t know what kind of bonuses they have on offer.
How to Get Started?
- Sign Up – before you can execute trade at VIPOptions, you have to create a trading account. The sign up process involves submitting your details in addition to a unique email ID.
- Trade – After you have made a deposit, you can start trading. Making the right decisions can help you generate profits on your investment.
- Withdrawal – To initiate the withdrawal process, you have to submit a withdrawal request form. After this a verification process will be in place for safety and security reasons. Once your withdrawal has been processed, you can receive your funds in your account within a couple of days.
Deposit and Withdrawal Procedure
A number of banking solutions are offered when it comes to trading at VIPOptions. You can fund your account using these methods; bank wire transfer, all major credit cards, western union, moneybookers and CashU. Withdrawals can also be made using the same payment options.
But, you must keep in mind that you can only withdraw funds to the same source that you used to make a deposit. The minimum amount required in your account to request a withdrawal is $25. To complete the withdrawal process, you have to fill out all the required fields in the withdrawal form and provide the required documentations including copy of your ID and proof of address.
VIPOptions offers support service via telephone and email. We did not find much information about their working hours from their website and therefore we cannot say whether they are efficient or not. Lack of live chat services mean that they may not available for immediate help. Traders may have to wait for long hours before their issues are addressed.