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
Our Top Recommended Brokers Updated: August 2017
Benefits of a VIP Account
It doesn't matter if your 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 options trading account you can 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.
What Does a Premium Account Cost
Like everything else in this industry the deposit required to open up a VIP binary options account varies between VIP brokers. Our extensive research and reviews will help you to discover the information relevant to you and put you in front of the brokers that we can recommend. Whilst in some cases $10,000 dollars will get you a VIP trader account in other cases you can only get access to one by invitation only and at an undisclosed sum.
There are 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.
When you are considering the right account for you 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.
It is well worth considering this along with how much more you will get paid for a successful trade than with a standard account. There may be a higher cost of investment for this type of account but there is also a higher return if used wisely. Trading limits and available assets are increased with Premium brokers in some cases.
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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.
As well as considering the factors like the payouts, trading types, advice on offer and other incentives it is important that you feel completely comfortable trading on this platform. It is no good picking an account that is all bells and whistles if prefer to trade using a mobile device and they don’t have a sufficient mobile offering.
Whilst we have gathered all of the information based on our broker recommendations you will still want to look further into each site and check that it works for you. What are the major differences in their VIP or Premium accounts and what does that mean to you? What is important to you and do these brokers all tick the boxes or are there those that stand out for a particular reason? Football tickets may not mean anything to one trader but if you are a lifelong supporter of a particular club it may be a strong consideration for you.
Let us Help You Decide
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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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.