VIP Forex Brokers & Premium Forex Services

VIP accounts were initially designed to offer custom-tailored solutions to large Forex investors, but nowadays, Forex brokers offer VIP accounts for a significantly smaller minimum deposit.There are several Forex companies providing VIP accounts and premium services to clients depositing large sums of money. VIP accounts were initially designed to offer custom-tailored solutions to large Forex investors, but nowadays, Forex brokers offer VIP accounts for a significantly smaller minimum deposit.

 

Basic Advantages of Forex VIP Accounts

VIP accounts offer additional features and improved trading terms, compared to common retail accounts.

These are some key premium Forex account features that every VIP investor should expect:

 

(1) Connecting Investors Directly with Liquidity Providers

Importance: Forex traders (intraday trading, automated-trading)  

Direct market access (DMA) is the most important feature for any VIP Forex trader. This means every order is transmitted directly to large liquidity providers without intervention and price manipulation. This is provided via ECN or STP protocols. The advantages of non-dealing desk (NDD) trading are quite a few:

(i) Tighter trading spreads (as there is no price manipulation)

(ii) Faster order execution (ECN/STP brokers offer significantly lower slippage than Market Makers)

(iii) No conflict of interest between the trader and the broker

 

(2) Paying Less Trading Cost

Importance: all Forex investors

VIP accounts offer low trading spreads, and sometimes, even zero-spreads, and lower trading commissions. Furthermore, VIP accounts may enjoy better overnight rates (SWAPs) than regular accounts. The overnight rate is the cost for maintaining positions overnight and it is very important for long-term investors and carry-traders.

Overall, a VIP account will enjoy paying a considerably tighter trading cost than a regular retail account.

 

(3) Enjoying Trading Rebates

Importance: Forex traders (intraday trading, automated-trading)

VIP  traders may enjoy trading rebates based on their monthly volumes. A trading rebate plan is a cash-back offer paid at the end of each month. Trading rebates are offered by brokers as an incentive to attract large traders. The total amount of a monthly rebate depends on:

  • The monthly volume in lots (where 1 lot = $100K)
  • The financial instruments traded during that period

 

(4) Personal Account Manager

Importance: all Forex investors

A personal account manager is a ‘must’ for every premium account and refers to a dedicated professional who offers 24/7 assistance to VIP clients. This professional is responsible for every aspect of the trading experience. That may include account information, funding assistance, trading assistance, or even advice about key upcoming market events.

 

(5) Faster Withdrawals

Importance: all Forex investors

Most of the time, VIP accounts enjoy faster withdrawals than regular accounts. That means instant account processing and considerably faster withdrawals.

 

(6) Free VPS Hosting

Importance: Forex traders (automated-trading systems and EAs)

As automated trading becomes more popular, many Forex brokers offer a free VPS service. VPS stands for Virtual Private Server and enables Forex traders to run their expert advisors (EAs) on an external server that operates autonomously 24/7 without any interruption.

 

(7) Free Market Analysis

Importance: all Forex investors

A premium account offers a comprehensive market analysis by a professional analyst. This analysis usually includes major market events, breaking news in real-time, fundamental analysis, technical analysis reports, and sophisticated charting. Sometimes, premium accounts offer trading signals.

 

(8) Access to Additional Trading Platforms and Advanced Trading Tools

Importance: Forex traders (intraday trading, automated-trading)

VIP clients can access other platforms than classic MT4/MT5. For example, some Forex brokers offer the cTrader platform to VIP clients. Others offer MAMM/PAMM platforms and the ability for fully-managed trading positions. Charting analysis tools such as the AutoChartist may be also available to premium accounts.

 

Compare Forex Brokers

 

Table: Basic comparison between regulated ECN Forex brokers offering premium services to Forex investors

 

 COMPANY

 

 

TRADING TERMS

 

 

FEATURES

 

 

ACCOUNTS & FUNDING

 

 

INFORMATION

 

» DUKASCOPY BANK (INCLUDES DUKASCOPY EUROPE)

REGULATED BY:

  • FINMA (Swiss Financial Market Supervisory Authority)

FOUNDATION: 1998

HEADQUARTERS: Switzerland

SPREADS:

EURUSD: 0.2 pip

GBPUSD: 0.4 pip

USDJPY: 0.3 pip

COMMISSIONS ON TRADING:

$1.0-$3.5 per standard lot

 

 

ROBOTIC TRADING: YES

PAMM ACCOUNTS: YES

ONLINE PLATFORMS

□ JForex Automated

□ WebTrader

□ JavTrader

□ FIX API

EXECUTION TYPE: 

ECN

LEVERAGE: 1:300

ISLAMIC ACCOUNTS: YES

FUNDING METHODS:

  • Bank Wire
  • Bank Guarantees

Notes:

  • Dukascopy accepts bank guarantees starting from 100,000 USD
  • All bank guarantee cases are considered on an individual basis

KEY POINTS:

  • Very tight spreads for intraday traders
  • Managed Accounts
  • JForex platform
  • Good technology and low slippage

 

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» IC MARKETS

REGULATED BY:

  • ASIC Australia (335692)

FOUNDATION: 2007

HEADQUARTERS: Australia

SPREADS:

EURUSD: 0.1 pip

GBPUSD: 0.4 pip

USDJPY: 0.3 pip

COMMISSIONS ON TRADING: 

$7.0/lot

Notes:

IC Markets adopts NBP (Negative Balance Protection)

 

 

 

ROBOTIC TRADING: YES

PAMM ACCOUNTS: YES

FREE VPS: YES

ONLINE PLATFORMS

□ MetaTrader-4

□ MetaTrader-5

□ cTrader

□ FIX API

□ ZuluTrade

□ MyFxBook AutoTrade

 

EXECUTION TYPE: 

ECN /STP

LEVERAGE: 1:500

ISLAMIC ACCOUNTS: YES

FUNDING METHODS:

  • Credit Cards
  • Bank Wire
  • MoneyBookers Skrill
  • Neteller
  • Webmoney

KEY POINTS:

  • Very tight spreads for intraday traders
  • There is a great variety of currency pairs
  • Full-featured cryptocurrency trading
  • Good technology and low slippage
  • Free VPS Hosting

 

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» FXTM WEBSITE

REGULATED BY:

  • FCA UK (License 777911)
  • CySEC (No 185/12)

FOUNDATION: 2011

HEADQUARTERS: Cyprus

SPREAD EUR/USD: 1.8 pip

COMMISSIONS ON TRADING: NO

Loyalty Progam for reducing trading cost

ROBOTIC TRADING: YES

PAMM ACCOUNTS: YES

ONLINE PLATFORMS

□ MetaTrader-4

□ MetaTrader-5

□ MT4 and MT5 WebTraders

EXECUTION TYPE:

ECN/STP

LEVERAGE: 1:30

ISLAMIC ACCOUNTS: YES

FUNDING METHODS:

  • Credit Cards
  • Bank Wire
  • Neteller
  • Western Union
  • Bitcoin
  • QIWI
  • Yandex

KEY POINTS:

  • There is a great variety of currency pairs
  • Trading Futures
  • Education

 

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Conclusions

 

In the past, premium Forex VIP accounts were designed specifically for large investors, depositing a minimum of 100,000 USD. Recently, that has changed and most Forex brokers offer VIP accounts with lower depositing requirements.

A VIP account is guaranteed to enjoy considerably better trading terms than a common retail account. Basically, that includes lower trading spreads and commissions, and rarely, better overnight (SWAP) rates. Paying lower trading cost matters a lot, especially for those who plan to trade regularly in the Foreign Exchange market, like intraday traders or robotic-traders. Additional features such as a free VPS or access to cTrader and Autochartist are useful to specific trading-styles (scalping, intraday trading, etc.). Finally, faster account processing and a dedicated account manager can enhance and improve the trading experience of all Forex investors.

 

■ VIP Forex Brokers & Premium Forex Services

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