At one time, VipBinary was one of the most cutting-edge brokers out there. Unfortunately, they have fallen a little behind the times and no longer have the most modern trading platform or payouts which are in line with current trends. That being said, VipBinary is still a very good binary options broker, and there are plenty of reasons to believe that they will one day catch up with the rest of the pack and return to their former glory.
Software and Features
The VipBinary platform is based on a customized, slightly older version of the versatile yet simple SpotOption trading engine. The fact that it is a bit older means that it is still only browser-based, with no mobile capability at the time of our VipBinary review. The training academy is no different from that found at many other sites and although it isn’t fantastic, it does give new traders an idea of how to use the platform and start to trade intelligently. Analyst reviews are also posted regularly in order to help guide trading strategies. Live chat support is available in English, French, and Spanish, while telephone customer service is available in the United States and through an English-language International number.
Option Types Offered
As with any SpotOption broker, there are plenty of different option types available including the standard call/put options, 60-second options, pairs options, and one-touch options. The famous Options Builder is also supported, allowing traders to customize their own options by choosing the expiry time and even the amount of risk they want to expose themselves to. Nearly 60 different underlying commodities, currencies, stocks, and indices are available to trades. Payouts are a little out of date, topping out at a mere 79% although losing trades do offer refunds as high as 10%.
Account Types Offered
All new customers at VIP Binary are advised to contact customer support when they create an account in order to get an account perfectly customizes to their needs. Depending on trading history and initial deposit amount, traders can be offered beneficial perks such as automated trading, free signals, and varying levels of a VipBinary bonus on their first deposit. The easiest and most secure way to make a deposit is by credit card, although wire transfers and some e-wallets are also supported.
The fact that VipBinary was once one of the hottest binary options brokers in the world simultaneously makes their decline both understandable and depressing. However, given their excellent history and their continued use of one of the best trading platforms out there, it is reasonable to think that VipBinary.com is not far from recapturing their glory days and returning to a time where every trader there feels like a true VIP.