Best Brokers For VIP Accounts

The Ultimate Guide to

Choosing a Broker
For VIP Accounts

Not sure which broker is right for you?

Don’t worry - we’ve got you covered. In this guide, you’ll learn:

• Why ThinkMarkets scored high for vip accounts (Jump to section)
• Who ThinkMarkets is (and isn’t) suitable for (Jump to section)
• An in-depth feature comparison of the top #3 brokers (Jump to section)
• An overview on vip accounts (Jump to section)

Ready?

Part 1

Why Choose ThinkMarkets
For VIP Accounts?

ThinkMarkets scored best in our review of the top brokers for vip accounts, which takes into account 120+ factors across eight categories. Here are some areas where ThinkMarkets scored highly in:

ThinkMarkets offers two ways to tradeForex, CFDs. If you wanted to trade EURUSD

The two most important categories in our rating system are the cost of trading and the broker’s trust score. To calculate a broker’s trust score, we take into account a range of factors, including their regulation history, years in business, liquidity provider etc.

ThinkMarkets have a B trust score, which is good. This is largely down to them being regulated by Financial Conduct Authority and ASiC, segregating client funds, being segregating client funds, being established for over 8

Trust Score comparison

The second thing we look for is the competitiveness of the spreads, and what fees they charge. We’ve compared these in detail in part three of this guide.

Part 2

Who ThinkMarkets is (& Isn’t)
Suitable For

As mentioned, ThinkMarkets allows you to trade in two ways: Forex, CFDs.

To trade with ThinkMarkets, you’ll need a minimum deposit of $250. ThinkMarkets offers a range of different account types for different traders including a mini account, vip account .

ThinkMarkets is also suitable for traders looking to trade with an ECN broker. ECN trading allows the trader to get access to the actual pricing of instruments as set by the banks and liquidity providers, rather than relying on the broker to set the price. To open an ECN account with ThinkMarkets you will need a minimum deposit of $2,000

Finally, ThinkMarkets isn’t available in the following countries: AF, Yugoslavia, AO, GM, NG, AW, GH, KR, BY, GN, BO, GN, PK, BW, HT, PG, IR, PN Island, Burma MM, IQ, RW, KH, , SN, CF, JP, Sierra, Leone, TD, KG, SO, CI , LB, SZ, CU, LS, SY, of CG, LR, TJ, DJ, LY, Tanzania, EC, Laos, TG, ER, ML, TM, ET, MN, UG, Falkland Islands, NA, US of America, FJ, NI, YE, ZW.

Part 3

A Comparison of ThinkMarkets vs. vs.

Want to see how ThinkMarkets stacks up against and ? We’ve compared their spreads, features, and key information below.

Spread & fee comparsion

Comparison of account & trading features

Part 4

VIP & Large Accounts

VIP trading accounts are superior to standard accounts as they offer many additional benefits. These accounts are available to both professional and individual traders of any level who have large capital sums available to trade with. A minimum deposit is usually required, which can be around $100,000, although this figure varies from broker to broker. Minimum trade volumes can also apply, such as $100 million per quarter.

VIP account holders can benefit from various exclusive and premium services offered by brokers. These can include a free VPS (Virtual Private Server) hosting service, no deposit/withdrawal fees, private consultations with a dedicated account manager, exclusive seminars and events, in-depth market analysis provided on a daily basis, and more. The VPS service is useful for frequent traders who wish to reduce latency. The technical market data offered by brokers is comprehensive, and an associated analysis is offered exclusively to VIP traders. Trade recommendations are also offered by some brokers, which can be highly insightful for some traders. VIPs can also expect institutional quality liquidity, low spreads and faster execution times. Usually, deposits are instantaneous, and VIPs can often enjoy express withdrawal times too.

VIP account holders also get charged lower commission fees and are offered competitive trading costs. Commission fees can be as low as $2 per $100,000 traded. VIP account trading can be thought of as trading with a personal market analyst, with added benefits of low trading costs and reduced latency for faster execution. Traditionally, Forex brokers offer VIPs a high level of security, where traders and their funds are protected through regulatory licenses and financial regulatory oversight.

VIP account holders may have to satisfy minimum lot traded and/or minimum capital balance conditions on a regular basis in order to keep their VIP status.

What are the benefits of a large trading account?

Traders with large account balances have the ability to place more trades in their accounts. This allows for much greater diversification in regards to trade selection and asset classes.

Another advantage of maintaining a large account balance is the fact that it affords traders the opportunity to risk a small percentage of their equity capital on each trade. For example, a trader with a balance of $30,000 decides to risk $500 on a forex position. The total risk is only 1.5%. A trader with a small balance of $2,000 would be required to risk 25% of the account balance on the same forex trade (2,000 / 500 = 25%).

Traders with large balances receive an added level of service from the brokerage firm. They also have access to more sophisticated trading tools and applications to enhance their trading experience.

Which brokers offer VIP accounts for large trading volumes?

AvaTrade offers a VIP trading account called the Ava-Select account. In order to qualify, traders must either deposit a minimum of $100,000 or exceed $100 million in trading volume. Tailored education programs and customised benefits are available to Ava-Select customers.

London Capital Group offer a premium Forex ECN trading account for high volume traders who maintain a minimum $10,000 balance. Commissions are lower the more you trade, going as low as $7.5/m traded. The spreads for the ECN account start from 0 and also offer a no requote policy. LCG also offer a dedicated account manager with daily trading opportunities for those interested in the VIP service.

Conclusion

VIP accounts come with various benefits and tailor-made services for traders. Any trader who is looking to learn the dynamics of the market and meets the minimum conditions for opening a VIP account would be able to benefit from features that are not available with a standard account.