Binary Options VIP Traders
Like loyalty rewards and premium services from hotels or car brands it stands to reason that the more you spend the more you are rewarded. This is no different in the world of binary options trading. The more money you commit the more incentives are offered and of course every broker wants you to sign up with them. They are all competing for their share of the market place and the more money you have to deposit the more they will offer you.
These VIP traders accounts usually have names like Diamond, Platinum, VIP or Pro and as you would expect they offer everything that a Bronze, Silver or Gold account does but with higher trading limits and greater payouts. They also offer extra incentives which can include tickets to premier league football games or various luxury shopping gifts.
Given the many options available through the many brokers we have researched the range VIP/Premium account offerings for you. The initial deposits can vary as much as the rewards and there are huge differences from one broker to the next. We have compiled the best VIP/Premium accounts and added them to our list.
Choosing the right VIP premium account can be a tough decision, we explain:
- What sorts of benefits are available with a VIP premium trading account
- What level of commitment is expected from you to keep your VIP account open
- What to look out for and what to consider when choosing the best account
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Benefits of a VIP Account
Whether you're trading from Australia to South Africa the process is always the same. To open up any binary options trading account in most cases you have to make an initial deposit. That deposit can vary greatly and in some cases, is not required. Expect to invest as little as $10 but more often than not around $100-$250. To open up a premium or VIP binary trading account you should expect to deposit around $10,000-$20,000.
Now if you have that kind of money to invest the chances are you are either very wealthy and it is a mere drop in the ocean or you have experience of trading and are confident in what you are doing. Either way you will want to know what you are going to get in return for such a level of commitment. You may be switching brokers and be looking for the best accounts available or you may be opening up further accounts to the one/s you normally use in order to make the most of the many bonuses and incentive that having one account offers.
Firstly, and most importantly for some traders the revenue returns are greater and the money is more easily accessed. What may return 85% with a standard account could attract a much higher percentage with a premium account. To give an idea a VIP/Premium account with one particular broker costs $10,000 and attracts returns of 2-3% higher than other accounts.
You tend to find with higher level trading accounts the withdrawal terms are instant as opposed to 3-5 days. Many brokers have partnerships with sports clubs, brands and other companies that mean they can offer invites to VIP traders to attend events and receive gifts. Now whilst money may be the key for most sometimes it's the trading experience that counts and the support that is offered such as a direct line to your very own account manager or advice from a trading analyst.
Premium Account Costs
Like everything else in this industry, the deposit required to open up a VIP binary options account varies between brokers. The benefits that they offer will also differ. While our extensive research and reviews will help you to discover the relevant information, you need to consider what you are looking for from a special account and how much difference it will make to your trading.
Think not just what it costs to open a premium broker account but what you will gain. By investing more to get a better standard of account will you make more money? Given that more help and advice is offered to premium account holders will that make you a better trader? Having more education, more tips and a direct line to an account manager will undoubtedly make your trades more successful and increase your profits.
There are premium accounts that are accessible to those who invest anything from $5,000 - $100,000 but the benefits vary as much as the price. You will see "invitation only" accounts with some brokers. These tend to be offered to their current larger VIP traders that have a good trading history and who deposit and trade large amounts of money.
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VIP Account Use Tips
As a VIP trader, you want to get the best out of your account. If you are paying the privilege for having an account that offers big rewards then it is important to make the most of these. Let's take a look at how you can make the best use of your VIP binary account:
Dedicated Account Manager
You may be a well-seasoned trader that's been trading in binary options for many years but things change and your dedicated account manager will be fully versed in these changes. Make sure you keep up to date with any developments and let your account manager help you to maximise your profits.
Enter The Tournaments
If you are a VIP trader then you are probably keen to maximise your profitability. There are many contests offered by binary options brokers with some good cash prizes. It's always good to know how you fair compared to other traders and to test your metal as a trader.
Use The Demo Account
Demo accounts aren't just for novice traders. They have a lot to offer experienced traders as well. You might be comfortable trading in certain assets and you may have earned a lot of money this way but what about trying something new? What if there is another asset or type of trade that could net you even more money? Using the demo account gives you the chance to get familiar with other types of trading.
Increased Bonus Potential
With a VIP account come bonuses! These bonuses are often a percentage of your deposit up to 100%. It is important to make sure that you maximise the potential here. If you deposit $1,000 and get 50% but there is a higher percentage available with a different deposit amount, then consider making a bigger deposit. If you are going to make a bigger percentage from a higher deposit then it's worth considering.
How to Choose The Right Broker
Now this isn't like you are just looking for a broker that will give you a no deposit bonus or a demo account. Investing this much money is a big decision and one that shouldn't be taken lightly. There may only be 1 or 2 differences in the offering between brokers but these differences could mean a lot of money to you.
If you are researching VIP premium accounts than it is more than likely that you have experience of binary options trading already and know what you are looking for. That said do you have the time to sit down and wade through all of the available information? How long will it take you to go through every single broker and determine which is the right premium brokers account for you? Maybe a managed account is a better solution for you.
First of all, you need to determine what it is that you are looking for and what aspects of these accounts is most important to you. Then you can sit back and make your decision based on the information that we have researched and presented for you. We carry out research into thousands of brokers. We sort through the great, the good and the not so good helping you to make your choice based on thorough examination of the options to enhance your trading experience.
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Frequently Asked Questions
Where can I find the best VIP trader accounts?
VIP accounts vary greatly from broker to broker. You can open a VIP account with anything from $5,000 to $100,000. To find the best offerings you need to check out our recommended brokers and what they have to offer. Look for those that offer the best features including bonuses, extra features, the best incentives and the best overall trading experience. Our recommendations are based on our own real experience.
Are the extra VIP account perks worth it?
It all depends on what you are expecting from your experience. If you are looking for a VIP account to provide a better trading experience then you need to look for one that has a dedicated account manager, signal services and access to more data. If you are looking for bigger bonuses and shorter withdrawal times then you may need to choose a different broker. The perks will be worth more to one trader than the next.
How much should I be paying for these extras?
Again it all depends on the value this adds to you as a trader. If you want your trading to be more profitable then you need to look for a broker that offers you access to more information, advisors, signal services and things like webinars and educational videos. If you are an avid football supporter and you get invited to VIP football events then this may be worth more to you and you will be happy to pay more.
Is my money safe and secure in a VIP account?
Money in a VIP account is as safe as it is with any account you have with a broker. Obviously, with such big amounts at stake, we understand your concerns. You must choose a regulated broker to ensure that your money is safe. Always ensure you choose a reputable broker that comes highly recommended. All of the brokers that we recommended are thoroughly vetted and checked and we are happy to put our name to them.
Can I make money without a premium account?
Yes, anyone who trades can make money. You could have the most basic account a broker has to offer and still make money. Having a VIP account does offer you perks that can lead to more successful trades but it is still possible to make profit from any trading account. The money a VIP trader makes will be pro-rata as trading with smaller amounts will generate smaller returns.