VIP trading has a number of advantages for traders from across the globe. First of all, when you fund a VIP account, you enjoy bigger bonuses and perks. The welcome bonus you receive will be matched by brokers, so you have the chance to double your opportunity for profits.
More importantly, you’ll get a range of tools and personalized attention that can help you maximize your profitability. One-on-one tutorials with your Personal Financial Advisor and automatic binary options signals updates will help you to make better predictions as you’ll have the most up-to-date insight on the markets.
You can enjoy a range of benefits as you trade binary options. When you develop your strategy, why not set yourself a goal of becoming a VIP trader so you can take full advantage of achieving the maximum level of profitability?
What is the procedure for gaining VIP status
Here we will be able to give you a general idea of the requirements for VIP status. Each broker will have their own set of terms and conditions, so for more detailed information you will have to visit individual websites. However, there are plenty of links here on this site that will take you right there. So save yourself some time and let us do the legwork for you.
The first step to claiming your Forex VIP bonus is to open an account. There may also be an opportunity for existing customers to upgrade their status and still take advantage of the VIP bonus. Then comes the need to request VIP Status, or open a VIP account, and deposit some funds into the account. Once the account has been verified, or status has been upgraded, the VIP bonus will be added to the account.
Sounds pretty simple, and really it is.
I want to become a VIP Binary Options Trader! Is this the Secret Formula?
I know, you might be thinking “Sure, if I had a couple of extra gazillions, I would open myself a bank and put my money to work. But I don’t have that kind of money and if I had, I would probably read this article from the Hilton Hotel penthouse, on my gold plated iPad!” You might be right, most of us don’t have access to a large sum of money to invest, but I have the answer to that: remember that money you put in the bottom drawer and you kept adding little by little every month? Well, go get it and put it to work… let it make some friends. And the best way for your money to make friends is in your Binary Options trading account! Yes, once your money pouch holds a decent sum, go for it, invest it, start trading! But hold your horses… I hope nobody is thinking about doing that without first going through the BOTS School of Binary Options. That would be just gambling with your money and we know what happens in Casinos: “The house always wins”. Anyway, I don’t see any gamblers here. Do you? Nope, I didn’t think so. Remember, make money with money and by using your head. Re-invest and think like a banker, because Binary Options trading is the answer to easy money but only if you treat it like a business.
100K Deposit Needed?
There are people out there who see $50K or $100K as pocket change, but I am not talking about those guys… they are way out of my league. But there are also people for whom such sums are big, yet not unobtainable and for one reason or another, they see fit to invest it in Binary Options trading. They are the giants of trading and I’m sure every broker out there would welcome such high deposits with open arms/pockets and a very warm smile but let’s think a bit about the dangers a huge deposit has.
First of all, to risk such a high amount of money, you should be extremely confident in your strategy and trading skills and you have to be an expert among experts when it comes to binary options. Of course, sweaty palms and accelerated heart rate are out of the question and you will have to be stone cold to say the least. After all, if you trust your strategy with $50,000, you cannot doubt it and you cannot second guess anything or make mistakes. To put it simply, a Swiss clock must envy your accuracy and perfect timing. The people who trade hundreds of thousands of dollars accounts think and act like that so if you want to join their ranks, prepare accordingly.
Did you ever think about how much a guy who deposits $50K must trust his broker? Come on, we all know what a headache a withdrawal procedure can give you so imagine how someone who tries to withdraw $100,000 must feel. I always say you need to read the Terms and Conditions of the broker you want to open an account with, but I am sure there are people out there who don’t take the time to do that. Well, I bet someone who deposits 50,000 bucks takes the time to read that document and understand it, double checking and even triple checking each condition. Would you sign a contract without reading it? If we’re on the subject, let’s think about the trading volume required to reach before making a withdrawal: many brokers want you to trade bonus + deposit x 20. If the deposit is $50K and the bonus is 100%, I am sure you realize you have to keep placing big trades if you want to withdraw money any time soon so you don’t have the luxury of placing small trades to test your strategy. On the other hand, I am sure that traders who deposit $50,000 or above are pretty confident about their strategy and are way past the testing phase.
I have Money… But I Want More Money!!!
The quest for easy online money making is never over and everybody wants more, even those of us who got rich. The thing is that once you get used to a glamorous style of living, it’s hard to go back to cheap clothes or cars so they will keep craving for more. On the other hand, those of us who never made it big are still in search of the Leprechaun’s pot of Gold and easy ways of getting rich. But that’s a daunting task to say the least and you cannot make money out of thin air. Have you ever heard the expression “Money makes money”? It suggests that you have to have money if you want more and it may sound pretty disappointing for people who want to become rich starting with just 100 or 200 bucks. But it’s the truth, because any form of investment requires a reasonable capital to become successful. The rich get richer and the poor get poorer because the rich know it’s easier to make money if you already have a big enough starting capital and they make money with money.
Money Likes to Have Friends
Oh, yea, it’s fun to go to clubs, pay for all your friends’ drinks and look awesome in front of the ladies… but you won’t get rich by spending money like that. Instead, the one who is getting rich is the club owner. He was smart enough to save some money, multiply it and to open the club where you are spending your money… like a boss. He had money and now he is making more. So what I am actually trying to say is that just having money won’t make you rich; you also need some common sense: put your money to work! Don’t use it just to have fun. Money likes friends so make some friends for your money and don’t let them feel lonely. Put some money in your bottom drawer – as much as you can afford to – do the same on the next paycheck… and the next… and the next… you get the picture. When you have a reasonable sum, you can start thinking about investing it… Wisely! Of course, you could just invest in drinks and having fun, like the guy I talked about earlier, but that won’t last very long. Instead, think about ways of multiplying your money like an investment firm or a bank or a brokerage does. Now think about this: no matter how much money a bank makes during a day, the owner doesn’t start to spend like a madman at the end of the working hours. Instead, the money are re-invested because he knows that “money makes money” only if it’s put to work.
Can I be a VIP Trader?
To tell you what it takes to become a VIP trader who deposits $50,000, I should be one, but I never deposited such a sum so I don’t know what determines a person to do it. I know that your pockets have to be VIP-level if you want to be a VIP trader, but the thing is that I don’t really see the point of high deposits; if your skills are good, you can increase $1,000 to $50,000 or more. Anyway, my personal and strong opinion is that traders with hundreds of thousands of dollars in their accounts keep their mouths shut and manage their business without telling the world about it or spending time bragging. Maybe that’s why all I get when I ask Google about VIP traders is links to VipBinary broker… sad to see how that shady broker destroyed the VIP trading “theme”.
Get Extra Bonuses with a VIP Forex Account
There are a number of Forex brokers who offer special deals for certain types of account. The best deals of all are usually awarded to premium or VIP traders. There is often a minimum deposit requirement, which for some will be quite sizeable, upwards of $10,000. Really only designed for the serious Forex trader, a premium or VIP account generally offers the following benefits:
- Direct service to the broker’s trading desk
- Extended leverage of up to 500:1
- Guaranteed tighter spread
- Personal account manager
- Real time financial news to help with your Forex decisions
- Specially tailored tools
- Greater security
- Better spreads and pips
- Access to a wide range of educational material
As you can see, being a VIP trader will entitle you to lots of added benefits, but will require serious investment, which of course in turn increases the risk.
A Forex VIP bonus along with other useful additions and tools
Opening a VIP Forex account will require a sizeable deposit. The minimum amount is generally $10,000 but can be as much as $100,000. However, if you’re lucky enough to have the cash to invest you won’t regret the decision to open a VIP Forex trading account.
There will be an advantage in being able to enjoy the best fixed spreads, thereby improving Forex trading decisions. But before you start your trading career there will be an attractive Forex VIP bonus waiting at most of the brokers offering VIP status for their customers. Some will give you a free no deposit Forex VIP bonus, while others will only grant you such an extra when you’ve made a substantial deposit.
How to find the best Forex VIP bonus
In order to find the best possible deal for yourself, you’ll need to do some research. This will involve comparisons, and finding out as much information as possible. There is plenty of help to guide you in the right direction. Here are some of the options:
- Use your favorite search engine– This is a great place to start and will provide you with tons of useful information. Unfortunately, it will also swamp you with information that is far less reliable, out of date, and some that is not true. Type in ‘Forex VIP bonus’ and prepare yourself for thousands of hits. Don’t pick the first name in the list and sign up immediately. Without checking out the many other options. A better strategy would be to make a list and include the pros and cons of each one. There are more factors involved than simply offering a great bonus.
- Ask for recommendations– Word of mouth is a great tool to utilize. Ask other Forex traders for their opinions on the best Forex bonuses to go for, and the brokers with the best reputation. A family member or friend will be even better. As well as learning about the Forex bonuses, you can also be more confident about the reliability of the broker.
- Read as many reviews as you can stomach– This is a really good course of action if you’re looking for the best Forex VIP bonus. But we have to warn you that things may become a little tiresome. Another alternative is to use the advice provided by us and similar comparison sites, because all the information is gathered together and presented in one handy place.
Now you’ve got the basics of Forex VIP bonuses, it’s time to think about making a decision. There are a number of other factors that will help in the decision, and we’ve provided more help on other pages. Suffice it to say that bonuses aren’t the only important thing to be looking for. Optional extras and added benefits are also important. You may really like the VIP bonus deal, but also consider the software being used by the broker, the different ways you can trade, customer service, educational material, payment methods and terms and conditions of each individual site.
There is no denying that any form of bonus is going to be welcome, and we hope that you find the right one for you.
Good luck and happy trading, and have some fun.