Bad! Don't use 1/10
  • VIPBinary

  • Regulated:  No
Broker Name: VIPBinary
Platform: SpotOption
Founded: 2011
Bonus: 25%
Return/Refund: 60-75%/1-10%
No. Of Assets: 83
Regulated: No
Demo Account: No
Minimum Deposit: 250
US Traders: Accepted
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VIPBinary Review

by Martin Kay

Warning – VIPBinary Posses a Serious Scam Threat. Avoid this Broker!

Why does VIPBinary Suck in 50 Words

The Binary Options industry has experienced dramatic growth in 2011. Many brokers pooped out from nowhere promising traders high profits in a short time. VIPBinary fits that category from all aspects. VIPBinary is just another ordinary broker with nothing special to add, I recommend sticking by the familiar brokers. VIPBinary smells like a Scam.

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Why VipBinary Doesn’t Suck in 50 Words

Don’t Know. So many negative reviews, can’t find good words.

VipBinary Full Review – What is Going on Here??

It’s not a secret Binary Options trading has expanded slightly over the past year. Traders now have more options available to trade, and many new Binary Options brokers open their gates for trading. One of these new refreshing brokers is VIPBinary, launched in late 2011 and based on the promising SpotOption binary options trading platforms technology.  VIPBinary is 100% web-based, so there’s no need for any software to be downloaded. As a SpotOption platform-based, trading experience at VIPBinary is easy, fun, and well suited either for beginners and experienced traders. Moreover, in VIPBinary traders will find some great trading tools, such as the Roller Over and Double Up options which help traders perform better trading strategies and a rescue line in case of expected loss. It needs to be said- VIPBinary is a good place for traders in terms of trading options and tools. They provide their customers a fine trading environment. So why does VIPBinary Sucks? Because I don’t think VIPBinary is the right place to invest your money into. Let me explain. Firstly, let’s focus on the returns and refunds. The maximum return is only up to 75%, with an average of between 66-71% for most assets. In today’s Binary Options industry, we can find many more experienced brokers which offer the same or more profits but these brokers have a better reputation hence they are more trustable. If you’re already settling for below-average returns, go for a stable broker. Speaking about returns, VIPBinary traders should also expect below-average refunds in case of Out-of-Money. These two profit issues downsides by ViPBinary really hurt its not built yet reputation, making VIPBinary a minor player in the Binary Options competition. It’s still quite early to decide in which direction will VIPBinary evolve, will they continue strengthening their trading environment or maybe they’ll provide a better return, Binary Options that Suck will continue monitoring these sides of VIPBinary.

Is VipBinary a Scam?

When you want to provoke binary options scams, one must check out all sites, reviews and spontaneous comments provided by former or soon become traders. After doing so, traders should have second look at the Bonus factors, deposit and withdrawals methods to learn more about the broker’s structure. Since VIPBinary is quite fresh, searching the web for VIPBinary scam or fraud is quite an impossible mission. Not enough traders have yet decided to register and deposit into VIPBinary, so there isn’t enough “inside” information about VIPBinary. The few reviews we did find were nothing but bullshit binary options review sites claiming VIPBinary is indeed trustable. All current information about VIPBinary is quite blurred; therefore I must avoid recommending VIPBinary. In order to find some more information, I took the liberty of investigating VIPBinary transactions methods and min-max amounts needed to fund trader’s accounts. Well, these are my results: Minimum deposit average-maybe high 250$. That’s understandable, but the Minimum withdrawal amount was outrageous – 100$ at least to make a withdrawal. Let’s say I have only 50$ left in my account, I don’t want to invest it back, or I’ve decided VIPBinary is not the right broker for me, then what should I be doing? Leave it there or try generating some more profits? I’ll the answer to my readers. As for the transaction methods, they all seem fine, not many extra fee charges, the bonus is good, everything seems in order, but quite lacking. Better experienced brokers will offer their customers more ways to perform transactions, with better customer service. Overall, I wouldn’t conclude VIPBinary is a scam. VIPBinary binary options broker is another new kid in the block and maybe arouses some suspicions, but only time and some brave investors will tell us the truth.

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VipBinary Complaints

You can check the list of comments below. Many many negative comments. Scam?

VipBinary Bonus

VipBinary offers a bonus of up to 25%. The wager is average high, a volume of 30*bonus is needed.

VipBinary Withdraw

The withdrawal procedure at VipBinary is more or less ok, it should take up to 3 days to process the request, but then another 5-7 days until the funds will be transferred.

VIPBinary Ratings

User Friendly 15/20

VIPBinary website is based on a 100% web-based platform. The website is very user-friendly and the trading experience is quite fun.  The platform looks modern and is graphically attractive. The website has been cleanly organized and it is quite easy to locate the buttons. Learning tutorials are good as well making VIPBinary a good place for all types of traders. The FAQ section is quite messy, hope VIPBinary will take care of it soon. On the downside, VIPBinary is only available in English, French, and Spanish.

No. of Assets and Expiry time 17/20

The total number of assets is 83 which includes 33 trade stocks, 15 currencies, 7 commodities, and 28 indices. VIPBinary offers a wide selection of assets available to trade especially since it’s a new binary options broker. The expiry times are range from between 15 minutes until the end of the day. Touch options for weekend trading are also available.

Commissions, Support, and Effective return 5/20

VIPBinary doesn’t charge any fees or commissions from traders when they first deposit or purchase options. Withdrawals are charged with a 30$ fee only for a money wire. All withdrawals have a minimum of 100$. VIPBinary support and live chat are pretty mediocre; it took a while to get a representative over the live chat. The effective return is below average with a maximum of 75% In-The-Money. The Out-of-Money refund is also below average and between 1-10%, and mostly around 5%. But if you can’t withdraw, what’s it worth?

Deposit, Payment, and Bonus 5/20

A minimum deposit of $250 is required for the initial deposit at VIPBinary. The minimum investment is good, 20$ per trade. The deposit methods which are accepted by this trading platform are Money Bookers, Credit or Debit Card, and Wire Transfer as well. Withdrawals are generally available via the same methods with minimum fees applied. The welcome bonus is fair with a 25% bonus on all their deposits. See above.

Website Extra’s 12/20

VIPBinary trading tools are quite basic, with some exceptions. VIPBinary only offers Call/Put options but they do have an Option Builder so traders have the freedom to create their own choice of trading option. Touch Options are also available. As for the trading tools, VIPBinary offers their customers Rollover and Double Up options in case of an expected loss or a potential possibility to double their investment during expiry time. There are also some market reviews by VIPBinary and a live news feed bar.

VIPBinary Rating 54/100

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