The worst part about OptionsVIP is the fact that their name is inexplicably in all caps, as if it wants to beat you over the head with the fact that it is an options broker that makes you feel like a VIP. That being said, behind the perplexedly intense name is a decent, if predictable, binary options broker with some nice features, above average payouts, and an excellent OptionsVIP bonus offer for new clients.
Software and Features
The trading platform at OptionsVIP.com is powered by SpotOption, giving its traders the best possible trading experience among off-the-shelf platforms. Mobile trading is supported as well. The website itself is fairly bare-bones, featuring the same basic educational resources, training videos, news feeds, and market recaps that you find anywhere else. There is no demo account, and the lack of language support in anything other than English is a bit surprising. On the positive side, the live chat customer support from OptionsVIP proved surprisingly friendly, helpful and prompt during our OPTIONSVIP review. In addition to live chat, telephone and email support is also available during business hours.
Option Types Offered
The asset list contains about what you would expect; around 70 or so stocks, indices, currencies, and commodities are available as underlying assets. All of the SpotOption options are supported, including 60-second, call/put, one-touch, and pairs trades. The Option Builder and Pro Trader platforms allow traders to customize their options and to make decisions on open positions by giving them the ability to sell options early or roll them over for another period. Payouts are pleasantly above average, topping out at 88% for normal trades and a very nice 75% for 60-second options while out-of-the-money trades feature a 10% rebate.
Account Types Offered
As with other modern SpotOption brokers, Options VIP doesn’t have a tiered account system but would prefer new sign-ups to request a call when they create an account so that a personalized account can be created for them. Some account benefits you may be offered include individual coaching, higher returns, and the chance to claim an OptionsVIP bonus of as much as 100% of your first deposit. Secure banking is done with SSL encryption and deposits can be made via credit card, e-wallet, or wire transfer.
OptionsVIP rises above the unnecessarily intense name and actually manages to provide a very sturdy, error-free trading platform and experience. Considering the high OptionsVIP.com bonus which is offered, along with the extremely pleasant customer service and the higher than average returns on in-the-money traders, traders could do a lot worse than choosing to trade with OptionsVIP.