Olymp Trade VIP account overview
As an Olymp Trade trader, you have the possibility to become an owner of the VIP account. It does require a bit bigger initial deposit than a regular one but it is totally worth it. Why? Because it comes with extra benefits not available for the regular account holders.
Thanks to these benefits, the trading at Olymp Trade will be just easier. And more profitable. In this tutorial, you will get all the information you need to open such an account. We will also go through some benefits you receive once you have become a VIP member.
The conditions required to open the Olymp Trade VIP account
The minimum deposit required, depending on the account’s currency, is $2,000 or €2,000.
You cannot make any withdrawal during the first 15 days or your account will be closed. Moreover, you cannot make transactions on a regular account for 3 months’ time.
The benefits you will get together with a VIP status
Increased return rate up to 92%. It allows you to expand your account more quickly. Besides, even when a loss trade occurs, you will be able to recuperate in less time than when trading with the regular account.
Once you own a VIP account, you will receive a personal consultant. This is a person experienced in trading, whose task is to help you reach your trading goals. It will save you some time you would spend searching for the answers. Because if you have any questions, doubts or you need some extra knowledge on some topic, you can simply contact your personal account manager. You may do it via email, phone, or Skype. You can also request that the consultant calls you.
In a VIP package, you also receive risk-free trades. That means that in case of winning, the profit will be added to your account. If you lose, however, the money won’t be taken from your VIP account.
You will have access to bonus strategies that can open new ways of trading for you. As well as trading signals that will give a hint for the best time to open the trading position.
These are some of the benefits you encounter on the VIP account. Put all the advantages together and you will clearly see it is quite a boost to get to your goal.
Pros and Cons 👍👎
- VIP status offers increased return rates.
- Access to personal consultancy and private webinars.
- Opportunity to execute risk-free trades.
- Exclusive trading strategies and signals are available.
- Requires a substantial initial deposit.
- Withdrawal restrictions during the initial period.
- Responsibility for trading decisions still lies with the trader.
- The account could be closed if suspicious transactions are detected.
|Increased return rates||Up to 92%|
|Minimum initial deposit||$2,000 or €2,000|
Final remarks about using the VIP account
Yes, there are plenty of attractive benefits the Olymp Trade VIP account can bring to you. But do not expect it will miraculously take you to the top. It is still your job and responsibility to make decisions.
The help of a personal consultant or private webinars is tremendous. It will surely help you become a better trader. Just remember the money is yours and you are the one who needs to protect the account balance from the loss and then make it grow.
My advice is to apply the same rules for the VIP account as for the regular one. Trade as if your capital is limited. Reduce risk. Be confident of what you are doing.
Your account is also checked for suspicious transactions. It will be closed if any fraudulent activity will be registered.
If you consider opening the Olymp Trade VIP account, make sure you contact the support team to discover all the benefits connected to it.
Q&A Section 💡
- Q: What are the requirements for opening a VIP account at Olymp Trade?
- A: An initial deposit of $2,000 or €2,000 is required. No withdrawals can be made during the first 15 days.
- Q: What are the benefits of owning a VIP account?
- A: The VIP account comes with numerous benefits, including higher return rates, personal consultancy, risk-free trades, and access to exclusive trading strategies.
- Q: How does a personal consultant help?
- A: A personal consultant assists you in reaching your trading goals, providing expert advice and clarifications whenever needed.
- Q: What does risk-free trade mean in the context of a VIP account?
- A: Risk-free trades mean if you win, profits are added to your account, but if you lose, no money is deducted from your account.
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