Monday, December 2nd, 2013 by Michael Freeman
How do we define a reliable broker? What characteristics make a broker trust-worthy? Timely withdrawals, proper regulations, good reputation, decent payout and a good customer service experience! In this post I want to give you my own take on Vaultoptions.com and if I think this is a scam site.
Is Vault Options Regulated?
Unfortunately not. In fact, only a handful of brokers are now fully regulated in the EU. There is a higher chance of falling into a scam when registering with a non-regulated company, even though there are a handful of non regulated brokers with a good reputation.
Does Vault Options Offer Timely Withdrawals?
Unfortunately not. Based on endless testimonials it appears that Vaultoptions.com is not a website that takes kindly to withdrawal requests as their representatives tend to disappear as soon as you make a request for a withdrawal. Be sure that before you request a withdrawal they will offer you ‘top notch’ service and you have to wonder why. The main tactic used by Vault Options is to keep getting you to deposit more and offer you all kinds of fancy incentives such as VIP, Gold, Diamond account and a bunch of incentives that require you to deposit more. There was not even a single review from a trader who managed to successfully withdraw money from VaultOptions. Do not trust this company, they are a scam!
Vault Options Reputation
You have to wonder why Vault Options is usually promoted on commercialized affiliate sites, Google Banners and email spam campaigns, while you won’t find anyone endorsing them of a legitimate forum where real traders get to voice their opinions. All you hear about when it comes to VaultOptions.com is problems!! Problems getting a hold of these scammers after requesting a withdrawal.
Google search “vault Options Scam” and you will find the nasty truth behind this company. I hope you are reading this review before wasting your money on this fraud operation. If you wired money via bank transfer you must file a complaint with the Federal Trade Commission and file a complaint. If you deposited your money with Vault Options via credit card you must file a dispute with your credit card company and then I recommend cancelling your card for safety and to prevent future misuse of your credit card information.
Are all Binary Options Companies Scams?
Due to a large number of fraud sites there is a growing concern among traders that these crooks are the reflection of the industry. This is absolutely not the case. Traders should always research the company before making commitments, and there are EU regulated and Legitimate brokers out there such as Topoption and Anyoption which all have a very clean history. Checkout the comparison between Anyoption and Topoption on Youtube.
If you’ve been scammed by Vault Options please share your experience below so other traders can understand the true face of this company. Mike