Website Design 100
Asset Diversity 80
Trading Platform User Friendliness 100
Money Management 100
Customer Support 100
Mobile Trading 100
The ever-increasing popularity of binary options trading has led to the birth of several online options brokers and Vault Options is one of them. This broking company was established in the year 2009 and today it operates in 80 countries around the globe. Considering the fact that binary options trading was opened for general public in 2008, Vault Options is one of the veterans in market and has, for years, provided reliable broking services to global customers.
Website of Vault Options
The website of Vault Options is based on the core values of accessibility, usability and user-friendliness. With a very simple and elegant design, the website focuses on providing all vital information about the broker itself and options trading as a whole in a simple-to-navigate fashion. Anyone who has browsed a website before will be able to browse through the website of this broker. With well-defined layout, the menus and links are all straightforward so that people will actually know what to expect when clicking on any link.
The website of Vault Options displays a large logo of SSL security on the homepage, which immediately triggers a sense of secured trading environment. SSL is an encryption technology used by websites that deal with money and vital customer information. SSL encryption prevents the cybercriminals from easily getting access to customer data like username, password, credit card details, banking details, email etc. The SSL logo shows Vault Options’ high regards for privacy and security.
Trading Platform of Vault Options
Until binary options was made available to general people, online trading was very speculative in nature and involved huge amounts of risks and detailed knowledge of financial markets and financial terminology. Back in those days, online trading also involved software download and only those who were very comfortable with computers managed to use the software-based trading. Adding to the problems was the price of software offered by different brokers and companies.
As the doors for binary options trading opened for general people, Vault Options introduced radical changes in the overall concept of trading. Of course options trading is also speculative but involves very limited and calculated risk and barely requires any knowledge of the financial market. The trading platform of Vault Options is completely online and can be accessed for free once a person completes a free registration process. Software downloads are absolutely not necessary and the software platform can be accessed from any computer with an internet from anywhere in the world.
Based on popular SpotOption platform, the trading platform of Vault Options is very powerful and yet simple in design. From trading tools to asset index to live data feed and live financial news – everything is available on the trading platform. The trading platform at its full glory can be accessed once the traders login to their trading accounts from the homepage of the broker’s website. Once logged in, the trading platform will also show money management features, account balance and other nifty details that often come handy while trading binary options using Vault Options.
Registering with Vault Options
To register with Vault Options or to open an account with the broker, one needs to click on the Open Account tab of the top menu on the homepage of the broker’s website. This will lead to a registration page with a simple form that needs to be completed and submitted. Once done, the broker will send a welcome email to the provided email address. The email will contain a verification link. Clicking on the link will complete the registration process. The whole registration process is absolutely free.
Money Deposit with Vault Options
Money deposit options with Vault Options are simple and hassle-free. However, just because of regulatory limitations, there are some conditions that the users or traders will have to follow. These aren’t very stringent conditions but they must be followed.
The broker allows only two currencies which are EUR and USD. The trading currency has to be selected during registration process and it cannot be changed later.
Minimum and Maximum Deposits
The minimum deposit allowed by the broker is USD 100 or EUR 100 depending on the currency chosen during the registration process. The maximum deposit depends of the method chosen for deposit. If someone uses a credit card to make deposit, the maximum allowed is USD/EUR 5,000. For Western Union, the maximum allowed is USD/EUR 10,000 and for wire transfer, there are no limits set.
Vault Option offers multiple banking options. Traders can deposit money using any of the undermentioned methods:
- Wire transfer.
- Western Union.
- All major debit and credit cards which include: Visa, Delta, MasterCard, Diners, Visa Electron, Maestro, Maestro UK (Switch) and Solo.
The broker clearly mentions that all online deposits using Maestro cards will require MasterCard SecureCode authentication for which, the users are required to first obtain the 3D code by registering with the bank.
Traders need to authenticate their account with Vault Options. For this, they will have to send a government issued Photo ID and address proof. If the trader deposited money using credit card and wants to withdraw using the credit card, he or she needs to send a photo copy of both sides of the credit card bill. The middle 8 digits of the card number and the CVV number must be blacked out properly in the photocopies sent.
Trading with Vault Options
Trading with Vault Options is easy and hassle-free. Both novice and expert traders can trade using a multitude of trading instruments or tools. The traders also have a wide range of underlying assets to select from.
Vault Option offers 33 stocks, 11 currency pairs, 7 commodities and 28 indices that trade in 200 markets globally. Traders can select one or multiple underlying assets for trading at any given point of time.
The broker offers several trading tools, which are also referred to as trading instruments. The broker has 5 trading tools in its reserve which can be used by traders as per their choice. The tools provided by the broker include:
This is the most basic form of trading. The trader has speculate whether the price of an underlying asset will move up or move down from the current market price within a specific time period. If the trader thinks that the price will go up, he or she uses CALL option and if he or she thinks that the price will move down, he or she will use the PUT option.
This form of trading tool is used when a trader speculates that the price of the underlying asset will touch a certain price level at least once before the trade expires. The speculated price movement can be in either direction. The market price just needs to touch the speculated price and if it does so, the trader will win.
This type of trading tool is designed for those traders who do not like waiting for long and want to get returns almost immediately. It is very much like the “Binary Options” except the fact that the trade here expires in just 60 seconds and traders can either win or lose money.
This is designed for those who want to customize even the level of risk they take apart from other aspects of trading like strike price, expiry time etc. This is generally used by very expert traders who love to hedge their trades in order to maximize their profit levels. This type of binary options trading involves very high risk.
This is for those who love to have advanced functionalities while trading. Pro Trader gives a large graphical window and allows the users to check the historical pattern of the asset’s performance. Traders can select the asset of their choice, set expiry time and trade from the pop-up graphical window.
Money Management Tools
Vault Option offers two money management tools to its traders so that they can either maximize their profit or minimize their risk as required. The money management tools provided by the broker include the following:
This is a feature where a trader can increase the expiry time for the trade if he or she thinks that the speculation is going wrong. This minimizes the risk of loss but also reduces the profits earned. Rollover can be used only once per trade.
If a trader thinks that his or her speculation will hold strong and that the trade will end in-money, he or she can use the Double Up option to place an identical trade within the same expiry time and double the profits.
Payouts and Refund
Vault Option offers up to 89% maximum profit for in-money trades. The minimum guaranteed profit for winning trades is 65%. For One Touch trading tool, the broker offers up to 400% returns on the invested amount. In case of losing trades, the broker offers 5%-10% refund on initial investment.
Withdrawals with Vault Options
The minimum withdrawal allowed by the broker is $100 or €100 depending on the currency of trading chosen by the trader. Credit card withdrawals are free of charge but withdrawals by wire transfer will invite a processing fee of $25.
Withdrawal requests can take up to 3 days for processing and then another 5-7 days may be required for the money to show up in the account.
The broker also allows withdrawal reversal or cancellation. Even if the withdrawal request has been processed, the traders can still cancel the withdrawal request without any fees.
Customer Support of Vault Options
Vault Options is known for its excellent customer service. Traders can contact Vault Options support staff through Free Calls, Email, Phone Calls and Live Chat. The broker offers its service in English, Japanese and French.
Extra Features of Vault Options
The broker offers 100% welcome bonus to new registrants. This means, if a trader deposits $100, his or her account is credited by another $100 by the broker. However, before this fund can be withdrawn, the trader needs to trade 30 times the bonus amount.
Everest Forex Bonus Offer
$100 bonus is offered to traders who sign up with Vault Option. This bonus is provided by Everest FOREX Broker. Before one can withdraw this bonus, the trader needs to execute $10,000 worth of trade.
Friend Referral Program
A trader can earn $50 by referring a friend to Vault Options. The referred friend will also get $50 but there are conditions, which include:
- The friend referred should never have had an account with Vault Options prior to this.
- Before referring a friend, the trader needs to be an existing Vault Options client with at least $200 deposit and at least one executed trade.
The broker offers a demo account where the registered novice traders can trade in a simulated environment without using real cash. This is solely meant for practice and when the traders feel comfortable, they can map their skills into the real world trading scenario.
Vault Options offers a very extensive set of educational material to all its traders, both novice and advanced. The broker also offers an ebook for free download.
The broker supports mobile trading for both Android and iOS powered devices.
Vault Options is regulated by both Cyprus and UK regulatory bodies and hence, it is completely safe!