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Benefits of Gold and VIP Accounts on Binomo

Binomo is an online trading platform that offers a variety of financial instruments, including stocks, cryptocurrencies, and commodities. One of the unique features of Binomo is the availability of Gold and VIP accounts. In this draft, we will discuss the benefits of having a Gold or VIP account on Binomo.

A Gold account is a type of account that requires a minimum deposit of $500. With a Gold account, users can enjoy the following benefits:

  • A higher profitability rate: Gold account holders can earn up to 86% profit on trades, compared to the standard 80% offered to regular account holders
  • Personal manager: Gold account holders have access to a personal manager who can assist them with any issues they encounter while trading on the platform
  • Exclusive trading strategies: Gold account holders can access exclusive trading strategies that are not available to regular account holders
  • Faster withdrawals: Gold account holders can withdraw their funds faster compared to regular account holders

A VIP account is a type of account that requires a minimum deposit of $1000. With a VIP account, users can enjoy the following benefits:

  • A higher profitability rate: VIP account holders can earn up to 90% profit on trades, which is the highest rate offered on Binomo
  • Personal manager: VIP account holders have access to a personal manager who can provide them with expert trading advice and assist them with any issues they encounter while trading on the platform
  • Exclusive trading strategies: VIP account holders can access the best trading strategies that are not available to regular account holders
  • Priority withdrawals: VIP account holders can withdraw their funds with priority, which means that their withdrawal requests will be processed faster compared to regular account holders
  • Cashback: VIP account holders can receive a cashback of up to 10% of their deposit amount

In conclusion, if user are an active trader on Binomo and want to maximize profits, consider upgrading to a Gold or VIP account. These accounts come with exclusive benefits that can help achieve user's trading goals faster and more efficiently.

Cashback

Cashback is a form of compensation for unprofitable trading during a single trading week. This compensation is automatically credited on Mondays for the previous week (Monday through Sunday inclusive). The percentage of cashback that are charged depends on user's status. If user have a Gold status, user will receive a compensation of 5%, while VIP members receive 10% of their losses back in real money.

Binomo Cashback
Binomo Cashback

When calculating Cashback, Binomo take into account the following factors: the total amount of deposits made during the week, minus the total amount of withdrawals made during the week, and minus the amount remaining in the balance on Sunday. Please note that the cashback calculation only considers the losses incurred by the trader, not the potential profits. User can view the payment history for a trading week by accessing the "Cashier" - "Transaction History" tab ("Balance" - "Transaction History" tab for mobile application users).

Therefore, the trader's loss amount is calculated in case the trade was not successful.

For instance, let's say user deposited $10,000 on Monday, withdrew $5,000 on Wednesday, and ended up with a balance of $1,000 on Sunday.

$10,000 - $5,000 - $1,000 = $4,000 is the loss, which will be compensated by the return.

For VIP accounts, the cashback is 10% of the loss amount (in the example above, it would be $400), while for Gold accounts, the cashback is 5% of the loss amount.

Insurance

Investment insurance is a free option for privileged traders on Binomo. If trade was not successful and real account balance reaches zero, part of trader's lost investment will be compensated, provided that trader applied for insurance.

Binomo Insurance
Binomo Insurance

Compensation amount varies by investment amount:

  • Invest from $200 to $499: Receive 20% bonus funds compensation (leverage 40)
  • Invest from $500 to $999: Receive 40% bonus funds compensation (leverage 40)
  • Invest from $1000 to $1999: Receive 10% in real money or 50% bonus funds compensation (leverage 40)
  • Invest $2000 or more: Receive 15% in real money or 50% bonus funds compensation (leverage 40)

If an insured event occurs, trader will receive 10% of the insured investment amount through risk-free transactions, bonus funds, or real money compensation. Choose the option that works best.

To activate the offer, inform Binomo of intention to insure investment via [email protected] or online chat. Note the following:

  • The option is available only before trader's first transaction on this investment
  • When trader withdraw funds, the insurance is deactivated, since the system understands that the goal that the trader pursued in the trade was achieved and the function is irrelevant
  • Choose to use the bonus in the trade or activate the insurance option
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