What Is A VIP Account?
A VIP account is a forex trading account for high-net worth individuals and professional traders who intend to trade large volumes. A VIP account may be called different things, depending on the forex broker, but it is usually the trading account with the biggest minimum deposit and the best favourable trading conditions.
Broker | Features | Minimum Deposit | Visit |
* CMA regulated * 1:1000 leverage | |||
* CMA regulated * 1:500 leverage * 1000+ instruments | |||
* 1:1000 leverage * 950+ instruments * Copy trading | |||
* 1:1000 leverage | |||
* 1:500 leverage | |||
* 1:500 leverage | |||
* 1:500 leverage | |||
*1:500 leverage | |||
* Cryptotrading | |||
* 1:500 leverage * 300+ instruments * Low minimum deposit | |||
* 1:777 leverage | |||
* 1:1000 leverage | |||
* 1:500 leverage * 800+ instruments * African Broker | |||
* 1:1000 leverage | |||
* 1:1000 leverage |
Why Trade With A VIP Account?
- Better Conditions – With a VIP account you usually get either lower commissions or tighter spreads. As such, trading on a VIP account can help reduce your trading costs and allow you to keep more of your hard-earned profit.
- Better Support – With a VIP account, you also usually get better trading support. Brokers like to take good care of their HNWIs. Some offer access to personal Account Manager or one-on-one trading coaches. Others provide access to free trading like chart indicators, EAs, and a VPS service.
How To Choose A Forex Broker
Here are a few key things to look out for when choosing a forex broker:
- Regulation – If you’re planning on depositing a large amount of money then you need to choose a reputable broker with a license. It’s important to check their regulatory status. It is also important to see if they offer negative balance protection and a good level of client fund protection.
- Trading Conditions – If you’re planning on trading large volumes then you need to check what instruments are on offer. You want a broker with wide range of trading instruments, as well as fast trade execution and low trading costs.
- Trading Support – The best forex brokers will usually offer good free educational resources and free market analysis. Look for a forex broker that also offers all the trading tools you need such as EAs, chart indicators, and a VPS service.