There are many things to consider when you’re just starting with investing. How much risk are you willing to take? Where should you invest your money? Do you know exactly how much time and effort it will take to manage your investments? These are all questions that come up first when people think about investing.
However, once you’ve started, there are lots of other considerations to make along the way. For example, what kind of account statuses are available on Binomo, and what is the Binomo review from former users? Depending on your situation and the services offered by your brokerage platform, the answer will be different for everyone. Fortunately, we have everything you need to know about each account status below!
What Is an Account Status?
Account statuses are status indicators that show you what type of account you have and what services are being offered to you. There are four account statuses on Binomo: free, standard, gold, and V.I.P.
Free
The free account status is your default account status if you don’t meet any of the requirements to be placed in any of the other accounts. The only thing you have to do is open an account on Binomo and make a deposit. This account status is great for beginners who are just getting their feet wet with trading.
Standard
The standard account status is an upgraded version of the free account status. To upgrade to the standard account status, you must meet one of the following criteria: – Your monthly trading volume is at least $500 – Your monthly deposit volume is at least $2,000 – Your monthly withdrawal volume is at least $1,000 The standard account status is great for more experienced traders who want to take advantage of additional tools, features, and benefits.
Gold
The gold account status is an upgraded version of the standard account status. To upgrade to the gold account status, you must meet one of the following criteria: – Your monthly trading volume is at least $1,000 – Your monthly deposit volume is at least $5,000 – Your monthly withdrawal volume is at least $2,000 The gold account status comes with a lot of great benefits. You’ll have access to all the standard account benefits, and you’ll also get: 24/7 customer support; a personal account manager; a free real-time chart; and a free real-time alert.
V.I.P
The V.I.P account status is an upgraded version of the gold account status. To upgrade to the V.I.P account status, you must meet one of the following criteria: – Your monthly trading volume is at least $10,000 – Your monthly deposit volume is at least $15,000 – Your monthly withdrawal volume is at least $5,000 The V.I.P account status comes with all the standard account benefits and more. You’ll have access to all the gold account benefits, plus you’ll also get: VIP-only webinars; VIP-only live talk sessions; VIP-only personalized trading signals; VIP-only daily market analysis; and VIP-only 24/7 customer support.
Bottom Line
Account statuses are status indicators that show you what type of account you have and what services are being offered to you. The account statuses are free, standard, gold, and V.I.P. The free account status is your default account status if you don’t meet any of the requirements to be placed in any of the other accounts. The standard account is the second entry-level account, and the gold account status is an upgraded version of the standard account. The V.I.P account status is an upgraded version of the gold account status.