VIP Binary Broker Review
VIPBinary is a broker that provides traders with an international trading platform where they trade binary options. As the rules say, there is a fair share of risk as well as opportunity. This is one of the most important tissues that a new trader must consider.
VIPBinary displays trading rates on their website which indicate the rate that the company is prepared to sell options at. As a trader, you must be wary that the rates quoted may not be indicative of the rates quoted in the market.
If you wish to trade with VIPBinary, you will note that transactions can take as little as 60 seconds. This is the shortest binary option in the world. Please note that the result of trade heavily depends on the expiration rate of the asset and the specified asset rate that goes with the desired option. VIP promises up to 77% profit on traditional options.
These claims are however not true if complaints that have been raised against VIP is anything to go by. Though it may not be a scam, the numerous negative feedback should be a warning sign of trouble ahead. It is highly advisable that you go for other binary options brokers, with numerous alternatives available for you.
A review of the site also shows that it engages in dishonest practices, promising the traders massive winnings upon deposit of just $1000 in their accounts. These advertisements are quite manipulative and only target novices and people with little knowledge in the trade. On moral grounds, it is quite wrong to manipulate people into losing money.
To avoid being scammed of your hard earned money, why don’t you look elsewhere for alternative brokers who can genuinely help you trade and learn at the same time? Avoid VIPBinary and stay safe from scams.