The Benefits of Gold and VIP Account in Binomo
Cashback - compensation for unprofitable trading for one trading week. It is credited automatically on Mondays for the previous week (Monday through Sunday inclusive). From the loss, you are charged % cashback depending on the status. If you have a Gold status, the compensation will be 5%, if VIP - 10% return in real money.
When calculating Cashback, the following are taken into account: the total amount of deposits for the week minus the total amount of withdrawals for the week and minus the amount on the balance on Sunday. Please note that the cashback calculation does not take into account the potential profit of the trader, but only the loss in relation to the money entered. You can always see the payment history for a trading week on the "Cashier" - "Transaction History" tab ("Balance" - "Transaction History" tab for mobile application users).
Thus, the trader’s loss amount is calculated if the trade was unsuccessful.
For example, on Monday, you replenished his account with $ 10,000, on Wednesday withdrew $ 5,000 and on Sunday there was $ 1,000 left on his balance.
10.000-5.000-1.000 = $ 4.000, this is a loss, which is compensated by the return.
For VIP - 10% of $ 4000 (in our example), for Gold - 5%.
InsuranceInvestment insurance is a free option for the Privileged traders on Binomo. If the trade was unsuccessful for you, and the real account balance reached zero, a part of lost investment is compensated, if the insurance was applied.
The amount of compensation depends on the amount of investment.
When the amount of investment:
- from 200$ to 499$ - 20% of the Deposit amount compensated with bonus funds (leverage 40)
- from 500$ to 999$ - 40% of the Deposit amount compensated with bonus funds (leverage 40)
- from 1000$ to 1999$ - 10% in Real Money or 50% of the Deposit amount compensated with bonus funds (leverage 40)
- from 2000$ above - 15% in Real Money or 50% of the Deposit amount compensated with bonus funds (leverage 40)
Upon occurrence of an insured event you get 10% of the amount of insured investments by risk-free transactions and bonus funds or real money compensation. You can choose the most convenient option for you.
If you want to activate the offer, you should first inform us about the intention to insure your investment via [email protected] or online chat.
In addition, you should pay attention to the following:
- the option is available only before the first transaction on this investment;
- when funds are withdrawn, insurance is deactivated, since the system understands that the goal that the trader pursued in the trade was achieved, and the function is irrelevant;
- you need to choose: use the bonus in the trade or activate the insurance option.
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