de | cn | ru

VIPCoins Review - is it scam or safe?

VIPCoins Review - is vipcoins.com scam or good binary options broker?

RATING: 1 / 0 REVIEWS VIPCoins
VIPCoins is not regulated. We cannot guarantee your money is safe.

Trading Accounts and Conditions

 

Trading account  Minimum deposit  Minimum bet size Payouts
Standard  $250  $20  up to 85%

 

VIPCoins is an offshore binary options broker. It hasn’t made it clear whether it offers different account types and the trading conditions are not that clear, but it appears that the minimum deposit is $250 and allegedly the payouts reach 85%. The types of Options available are Hyper Options, High / Low, One Touch and Range Options.

 

Is it safe invest with VIPCoins? The short answer is no, but we have tried to present all the details in our review below.

 

 

VIPCoins Advantages

 

Solid payouts promised

As is usually the case with binary options brokers, payouts at VIPCoins vary, depending on the instrument traded and the expiry times. Allegedly, the highest returns with this company reach 85%, which is solid.

 

Keep in mind though, that we could not test VIPCoins’ platform to verify these payouts. Furthermore, don’t be fooled into thinking that as soon as you deposit and start trading, you will be making profits that high and consistently. The truth is most traders lose.

 

Good variety of betting instruments

VIPCoins offers trading in wide range of currency pairs (Forex), commodities, indices, stocks, and the most popular cryptocurrencies - Bitcoin, Ripple, Dash, Bitcoin Cash, Ethereum and Litecoin. While a diversified product portfolio like this is of course an advantage, keep in mind that VIPCoins is not supervised by any governmental agency.

 

 

VIPCoins Disadvantages

 

No regulatory oversight

The VIPCoins brand is owned by Foreign Holdings Ltd, a company that seems based in UK, but is registered offshore, on the Seychelles. As most of you probably know, forex and binary options brokers in offshore zones are not overseen by any governmental agency.

 

Furthermore, binary options trading is illegal everywhere in Europe and as such are not subject to oversight by any credible regulator.  This compels us to state that clients of VIPCoins may be open to even more risks than the nature of binary options suggest.

 

Web-based oversimplified platform

As most binary options brokers, this one also offers its services on a web-based platform. We could not try it out, but caught a glimpse of it and the trading interface seems easy to use, but lacks any advanced tools other platforms support.

 

Limited payment methods

VIPCoins uses only bank wire and credit cards as payment methods, which we find quite limited. Many traders use PayPal, Skrill or even Bitcoin. Besides, it seems that unregulated brokers won’t be able to use credit cards in the near future. MasterCard has already implemented restrictive measures to brokers operating without license, and VISA will apply similar ones in a couple of months.

 

 

Conclusion

 

VIPCoins is a binary options broker, who is not very clear about its offer, but tries to attract clients via offering trading in cryptocurrencies. We would not advise you to invest with it, as it is an unregulated, offshore broker. Our best advice is to invest with properly regulated brokers only in order to avoid being scammed.

 

If you are into cryptocurrencies, check out the below link.

 

>> Trade Bitcoin with a well regulated broker <<

 

 

To sum up the positive and negative sides of VIPCoins:

 

Pros Cons
Solid payouts promised No regulatory oversight
Good variety of betting instruments Web-based oversimplified platform
  Limited payment methods

 

Latest news about VIPCoins
No news about VIPCoins . Check back later.
Broker Country Regulation Platform Min Deposit Review
US CFTC, NFA MT4, Web,
in-house
$50 Review Website
US NFA, CFTC MT4 $250 Review Website
Cyprus, UK, Mauritius CySec, FCA, FSC MT4, MT5, Web $10 Review Website
Australia ASIC MT4, MT5,
IRESSTrader
$100 Review Website
Cyprus, Australia CySec, ASIC MT4, MT5 $5 Review Website
UK, Australia, South Africa FCA, ASIC, FSCA MT4, Trading
Station,
NinjaTrader
$50 Review Website
UK, Cyprus, UAE, South Africa FCA, CySEC, DFSA, FSB MT4, MT5, FxPro
Markets,
cTrader
$100 Review Website
Cyprus CySEC MT4, MT5, Web $1 Review Website
Belize IFSC MT4, MT5 $100 Review Website
Cyprus, UK, South Africa, UAE CySec, FCA, FSCA, DFSA MT4, MT5, Web $5 Review Website
Cyprus, UK CySEC, FCA MT4, MT5 $1 Review Website
UK FCA MT5 $5 Review Website
UK FCA MT4, Web, MT4
for Mac
$100 Review Website
Australia, UK ASIC, FCA MT4, MT5,
cTrader
$200 Review Website
UK, Cyprus, Dubai FCA, CySEC, DFSA MT4, MT5, Web,
PrimeTrader
$100 Review Website

Traders` reviews for VIPCoins

Spread

Pros

Cons

 

 

Slippage

Pros

Cons

 

 

Requotes

Pros

Cons

 

 

Price feed

Pros

Cons

 

 

Platform

Pros

Cons

 

 

Deposit/Withdraw

Pros

Cons

 

 

Customer service

Pros

Cons

 

 

Summary

Pros

Cons

 

 

de | cn | ru