Customers making a deposit to their Optionsroom accounts may be offered a bonus to use in trading, at the discretion of the company. Significantly, bonuses come with specified terms and conditions that must be fulfilled, before funds can be withdrawn making it important to study the terms, before accepting any bonus. Optionsroom states that a trading volume totalling up to 50 times the amount of the bonus will need to be executed before any funds can be cashed out from the customer’s account. If not, the bonus and profits made with the bonus are removed from the customer’s account. An example given in the bonus terms and conditions on the Optionsroom website, is that following a $5,000 deposit and a 70% bonus of $3,500, customers must complete a trading volume of $175,000 before the bonus has been ‘earned’ and funds withdrawn.
Customers at Optionsroom can choose from three types of regular trading account for trading binary options. The Beginners, Expert and Diamond accounts. Additionally, to meet the needs of traders with diverse requirements, there are three commission-free VIP accounts, Standard, Gold and Platinum, providing the opportunity for extra returns. Holders of any of the VIP accounts get access and service not provided with the regular accounts. Customers interested in setting up VIP accounts should send an email to customer support to discuss the deposit requirements.
To set up a beginner’s account, customers need to make a minimum deposit of $200. We found this confusing as the minimum deposit requirements in the Banking section at Optionsroom stipulate $250. This apparent discrepancy can be clarified by sending a quick message to customer support through the form on the home page at the time of opening an account. Beginner’s account gives traders a possible return on investment of 83%, a personal training session, alerts by email and TP and requires a minimum trade amount of $10.
For an Expert account, a minimum deposit of $20,000 is required and the minimum trade amount is $20. However, the possible return on investment is 85% and traders experience live trading and training sessions with experts.
To determine the minimum deposit for the Diamond account, customers need to speak to the dedicated account manager after registration of the account. Significantly the Diamond account platform is customised for higher trading limits and exposure. Whilst the minimum trade amount is $100, traders benefit from a possible return on investment of 89%.
Standard VIP Account
Holders of the commission-free Standard account get access to 24-hour customer service and no restrictions on assets traded on the trading platform. Moreover, they can use all the binary options types. These are the Hi/Lo, Boundary, Touch, 60 Second and exclusive High Yield options.
Gold VIP Account
By opening the commission free Gold VIP account, traders receive all the advantages of the Standard VIP account described above. Additionally, a personal training session with an expert at Optionsroom PLUS a 2% extra return on every trade!
Platinum VIP Account
As a commission-free Platinum VIP account holder, traders get everything given to Gold VIP account holders. However, not only do they enjoy a personal training session with an expert but consultation with a dedicated coach at any time they want. What’s more, they get an extra 4% return on every trade.