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.
What is the procedure for gaining VIP status?
Here at forexbonuses.org 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.
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.