No – It is not. Before suspecting a broker is a scam, it is very important to understand the regulatory environment in which the broker works. Binary options is a financial instrument just like the stocks, indices and Forex. It is a very new instrument that was launched in the market only in 2008 and because of this, the number of regulatory legislations are very limited. So, binary options are actually traded in OTC or Over the Counter market. The OTC market is largely self-regulated. Laws can be created but who will create them? If one country creates a set of laws, the other countries will refuse to abide by such laws because one country will never want some another country to regulate its market with a set of laws that they think is right. So, the OTC market which is a global market remains self-regulated.
However, there are some countries that have a set of legislations that regulate the binary markets specifically in those markets. One of the first countries to establish such laws is Cyprus. Japan and Malta are also in the process of introducing regulatory legislations. The irony is that VaultOptions is neither located in Cyprus nor in Japan or Malta. This is why some people call it scam. But still, the broker operates in a global self-regulated market.
If this is not really satisfactory, the other way to look at the legitimacy of the broker is to look at its presence. VaultOptions was first launched in 2009 but ever since then, the company has grown exponentially and today in 2013, the company operates in 80 countries throughout the world. It is not really easy for a company with such massive presence to wrap up its business and to go insolvent overnight Scam companies will never bother expanding so much.
Next important thing that goes on to prove that VaultOptions is not a scam broker is that it has made a significant amount of investment in its infrastructure. Its trading platform works like a charm and there are no reports of any kind of hitches anywhere. The company has employed a massive support team and has spent time and money in training them. This clearly indicates that VaultOptions is not a scam broker.
The broker has walked through the Great Recession or Global Recession of 2009 that lasted until 2011. A broker with substantial financial power to support its operations through the recession period and to provide its traders with their legitimately earned profits cannot be a scam.
Finally, since 2009, there are no reports of sudden changes in terms and conditions of the broker. Any changes introduced were first informed to the traders whether such changes directly or indirectly affected the traders or not. Scammers generally keep changing their fine prints without notice.