Please review this page to learn about VIP Account.
What do we mean by a forex VIP account? A forex VIP account is an
account that was specially designed for the high rollers in forex; those
who have loads of cash to burn and can afford to put in hundreds and
even millions of dollars in a forex trading account. It is for this
group of traders that the forex VIP accounts have been created, allowing
them to enjoy great benefits by putting their big money to work on a
1) Capital Requirements
Forex VIP accounts are for those who can be classified as Very
Important Personalities in the forex market. A typical VIP account will
start from $20,000 on a mt4 platform, extending to as much as $100,000
as minimum capital requirement on an ECN network. This makes it the
account for the high rollers.
2) leverage and Spreads
All vip client will get the lowest spreads available in the exchange
which we categories as 100% ECN raw spreads with no commission and swap.
The leverage for VIP is available upto 1:2000 to the account size upto
$250k and will further reduce to 1:1000 at $500k account size and vice
3) Contract Sizes
Forex brokers depend on the spreads generated from trades that
traders execute on their platforms. So if a trader can afford to place
trades worth millions on a platform, such a trader will be a prized
asset to the broker. Therefore, VIP account holders are actually allowed
to trade very large contract sizes, and they are not allowed to trade
4) Platform Types
The very large capital that forex VIP accounts command means that
they are qualified to be traded on ECN platforms. ECN platforms are very
expensive to run and only traders whose trading activity can generate
the commissions and liquidity on which the ECN platform thrives are
allowed here. Forex VIP account holders can also trade on dealing desk
platforms, with personalized access to telephone trading if need be.
Forex VIP account holders are also allowed access to trade full
contracts on special assets such as spot metals and energy products from
their forex platforms.
Advantages and Disadvantages of Forex VIP Accounts
Forex VIP accounts are advantageous in that they allow the trader
endless opportunities to make a lot of money in the market. Unlike forex
mini account holders who need to trade a lot in order to make tangible
money, a carefully analyzed and well timed trade in the market can make
the forex VIP account holder more money than a mini account holder can
make in months. In addition, the opportunity to trade with transparent
pricing on an ECN network is an advantage that is second to none.
Without slippages or re-quotes, what the trader sees is what he gets,
and this puts a stamp of certainty on the trades.
VIP account holder can trade all instruments listed on the website and also request for more instruments.
VIP account holder can enjoy more tight spreads with zero commission and swap free accounts.
Unlimited Live Chat Sessions with our Technical Analyst between 10:00 and 13:30 server time
THREE Private 30 minute Consultations with RFX Options Chief Market Analyst, James Muta
A complimentary subscription to RFX Options's Daily Market Updates SMS Service, and much more.
Enjoy more higher leverage and better execution.
More faster deposits and withdrawals..
What are the disadvantages? It is actually very easy to get careless
with risk management when trading a forex VIP account. The trader can
easily get carried away and start making very large trades which can
easily deplete the account if they go bad. Therefore the trader must
take extra precautions when trading large positions. In addition, the
forex VIP account is not a good way to start the market as a beginner as
it is much easier for beginners to lose money, being green horns in the
market without much experience to tackle varying market situations.
Forex VIP accounts are ideally for experienced traders who are
knowledgeable about trading. These accounts should therefore be reserved
for those who can handle it. Even if you have a lot of money to spare,
it is best to start from the basic account types, and as experience is
gained, ownership of a forex VIP account can be targeted.