Broker Introduction
Options VIP is a binary options broker launched in 2010 by ChargeXP Investments Limited. It is headquartered in British Virgin Islands. Options VIP has several satellite offices, and it is operating from Cyprus. Options VIP provides a simple and fast platform that is very user friendly especially to novice traders. The platform allows them to access several financial market without getting confused. There are also features and trading tools that help traders maximize their profit potential.
General Platform details
Options VIP trading platform is powered by SpotOption, the leading provider of trading platform in the market today. The platform focuses on simple trading. There is no need to download and install any software because it is completely web-based. It is very user friendly that investors can trade quickly and easily without getting lost. All buttons are marked clearly so that traders can locate the appropriate option at the right time. Furthermore, the assets are divided according to class, so it is easy to find the right asset.
Options VIP platform supports English, French and Spanish. These are the major languages in the world, making Options VIP and ideal place to trade for non-English traders. Customer support of Options VIP is available in these languages and reachable through live chat, email and phone.
Trading Options
With Options VIP, traders can get payouts ranging from 68% to 75% for all successful trades. Also, refunds are available as high as 10% for out-of-the-money trade. There are over 60 underlying assets for trading in various markets such as stocks, indices, commodities and Forex. These assets can be traded using several trading methods including the traditional High/Low Binary Option, One Touch Options and Option Builder. Overall, traders can trade 32 stocks, 28 indices, 7 commodities and 15 currency pairs. The expiry times of the trades are dependent on the chosen trading method.
Financial Details
Options VIP provides various payment methods. Traders can deposit and withdraw through Bank Wire, American Express, Diner’s Club, Maestro, MaterCard, Visa, Visa Electron and CashU. Options VIP requires a minimum deposit of $200. However, wire transfer requires a $500 minimum deposit and has $25 service fee for each transaction. Deposits done through credit cards have a maximum limit of $500, but it is unlimited using other payment methods. There is also a minimum withdrawal at Options VIP, which is $100. Withdrawals made via credit cards, and CashU is free of charge. Meanwhile, there is a $25 service fee for bank transfers. The entire withdrawal process of Options VIP may take as long as 17 days. New clients get $100 welcome bonus. However, this bonus is subject to VIP options specific terms and conditions.
Summary
Options VIP is highly recommended especially to novice traders. The trading platform is user friendly that makes trading fast and easy. There is a wide range of assets for trading using various trading methods at the traders’ preferred expiry times. A wide range of payment methods is beneficial to all traders. However, this broker does not accept US residents. Also, the withdrawal process is lengthy.
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