We know any product or service with the ‘VIP’ label offers something special to a certain group of users. The same can be said of the VIP account on the Quotex binary options trading platform. Let’s learn more about this account and the benefits it offers traders.
- The VIP account is for the serious, professional binary options trader.
- It requires a minimum deposit of $10,000.
- The VIP account offers advantages like higher payout returns and promo codes.
What Is The Quotex VIP Account?
The Quotex VIP account is a live account designed for the experienced, well-funded binary options trader offering unique benefits not found in the broker’s other accounts.
How to Apply for The VIP Account
Users must have a minimum balance of $10,000 to be on Quotex’s VIP account.
What Are The Benefits of The VIP Account on Quotex?
Here are the perks of the VIP account:
- Increased percentage (4% boost) of profitability
- Access to all instruments available on the platform
- Promo codes from the market in mailings and promotions
- Priority customer support to get all your questions and concerns addressed quickly
- Cashback and rewards
(Risk warning: Trading involves risks)
The Other Account Types on Quotex
Here’s a look at the other accounts available on Quotex:
| Account type | Description |
|---|---|
| Demo account | An account with a virtual balance of $10,000 that helps new traders learn more about binary options on Quotex. |
| Standard account | This is the most basic live account on Quotex. Users can start with a minimum of $10 and a maximum payout of 95%. |
| Pro account | This live account is designed for more active traders and comes with a minimum $1,000 deposit. The main difference from the standard account is a 2% bump in the payout. |
Is It Worth Getting A Quotex VIP Account?
The slightly better rise in profits is the most attractive part about the VIP account. With the generally low payout of standard binary options, this jump can make all the difference to a trader’s bottom line. Also, traders can access all of Quotex’s markets, offering them all the opportunities for profiting.
It’s also an excellent incentive for VIP users to receive priority customer support, where they get help much faster than the average user. Finally, VIP users have other little perks like cashback and rewards.
Considering these benefits, getting a VIP account is worth it. However, it’s unsurprising that the minimum deposit required excludes most people. Therefore, the account is truly reserved for affluent individuals or elite traders who have already made substantial profits.
Otherwise, the standard live account is sufficient for the everyday trader and offers competitive conditions. The Pro account is another alternative with a more affordable minimum deposit.
Final Word
The accounts on Quotex cater to all kinds of traders in the market. Unsurprisingly, these individuals aspire to reach the ultimate in the VIP account due to its exclusive benefits. These include a payout boost, access to all of Quotex’s traded assets, promo codes, and more.
The payout increase is a valuable incentive, considering the tight margins for gains in standard binary options. Hence, getting the VIP account is worth it, provided you can afford the starting balance.
Otherwise, Quotex still offers the best bang for one’s buck in other live accounts for traders.
