Depending on the Binary Option Robot software that you have and the broker that you choose to trade with, there are several types of accounts that you can avail for. These account types are usually divided based on the minimum deposit amount that you are willing to invest. For each account, there is a range of amounts that you can deposit in order to avail for a specific account and each one also provides for different benefits and privileges. The higher the amount range that you are willing to invest on, the better and bigger the benefits that you will be receiving.
The most common examples of account types would include a basic or standard account, a gold account, a platinum account and a VIP account. Other software systems and brokers may give more or lesser account options than these but overall, these four types are usually present in most broker accounts. Find more information on the types of accounts that your specific broker offers, you can browse the website of Copy Buffet Software.
For basic or standard accounts the starting minimum deposit can be either $250 or $300 depending on the broker and the maximum can range from $500 up to $2,500. The basic or standard account is the one mostly used for those who are novices in the trading business and those who have lesser starting capital. Despite the fact that this account type offers the least benefits, it is widely popular since the risk of loss is less since the investment is also lesser.
Gold accounts are for those who have accumulated enough trading experience and profit which allows them to level up their game. It is also in these accounts that the broker allows additional bonus benefits to their partner traders aside from the regular Welcome bonus each trader receives upon signing up with them. Brokers also give a higher number of allowable risk free trades in gold accounts compared to standard ones. The amount range for usual gold accounts would start from $2000 to $10,000 or less.
Platinum accounts are usually used for highly experienced individuals and customers who have been trading with the broker for a long period of time. This account gives both the trader and the broker better profits and chances at securing bigger and more secure investments in the market. For such accounts, brokers usually provide for a daily session benefit to platinum account holders which would allow traders to personally discuss their preferences with their brokers which allow them to trade according to what traders want. Platinum accounts range from $10,000 to $50,000.
Lastly, there is the so called VIP account. These are availed for big time investors who plan to invest in big time assets as well. It can be availed by those willing to invest $50,000 or more. The privileges attached to such accounts vary and are designed to allow the best profits available. Most of the benefits of such accounts are personally communicated to the trader by their assigned account manager.