Videforex Review 2024 Is The Broker A Scam Or Legit?

It appears that at least some of the prizes are offered in the form of bonus funds, starting with the participant who comes in 6th place. Positions 1 to 5 are said to have been awarded cash prizes (an iPhone 10 went to the 5th place winner). Here again, we recommend reading the terms and conditions to fully understand the rules.

1. Your account needs to be funded through the accepted payment method.
2. Credit/debit card deposits (VISA and MasterCard) will be processed instantly with a 5% transfer fee.
3. However, if you do not make at least one trade a month, you will be charged $10.
4. Cryptocurrency is a digital currency, which functioning is based on blockchain techology.
5. Silver and Gold account holders are provided with access to a web session “Master Class” that presumably teaches how to trade Forex.
6. The platform comes complete with a basic charting package where traders can conduct basic technical analysis with a few key technical indicators, time frames, and chart types.

Trading Platform

This makes Videforex a strong contender for newbie day traders or those that want live support a few clicks away. The broker’s complete range of assets is available, from cryptos and stocks to binary options and forex. In addition, users can view their trading history, make deposits and withdrawals, and execute orders at the click of a button. Videforex offers 24/7 trading on popular markets, including forex, commodities, and cryptocurrencies. The broker also offers guaranteed withdrawals in less than an hour and live video support to assist users.

Doo Prime Minimum Deposit

In conclusion, Videforex is an online broker that offers forex and binary options trading on a variety of markets, such as currencies, stocks, indices, commodities, and cryptocurrencies. The broker provides a user-friendly and innovative trading platform that features live video chat support 24/7. Videforex also offers various tools, education, and account types to suit different trading styles and preferences. The broker claims to provide fast and secure funding and withdrawal methods, as well as guaranteed withdrawal processing within one hour. However, Videforex is not regulated by any reputable authority, which raises some concerns about its credibility and safety. Therefore, it is important to weigh the pros and cons of trading with Videforex before making a decision.

Cost and Fees, Commissions and Spreads

Opt for leveraged CFD cryptocurrency positions, and the fee can climb to 5%. A useful extra feature is social trading, also known as copy trading. This allows you to learn from experienced and successful traders, enabling you to copy the trades of high-earning investors.

For instance, traders can participate in the global markets by trading over 15 forex currency pairs, 9 commodities, over 80 stocks, and 13 market indices. While this may not be as many assets as some trading brokerages, it is quite substantial for novice traders which is the market VideForex is going for. However, it is somewhat disappointing that VideForex is not offering CFD cryptocurrency trading pairs as most new online trading brokerages of this kind are. VideForex is an international online trading brokerage that provides traders with the opportunity to trade a broad range of CFDs and binary options on an array of financial instruments. The brokerage is owned and operated by Vide Projects Ltd which is a division of Financial Group Corp, an international financial services company who owns numerous online trading brokerages.

Videforex does not permit its clients to use features like forex expert advisors. In addition, it is incompatible with several tools and indicators. In contrast, Videforex has extended support in multiple languages, including French, English, Spanish, Dutch, Thai, and Russian. It is done to assist the clients from the accepted countries correctly.

Yes, but you need to make a deposit first and contact customer support to get your demo account credentials. Both beginners and experienced traders can compete, as all accounts automatically participate. XLibre is a multi-faceted platform offering diverse financial instruments – forex, commodities, indices, shares, and cryptocurrencies. Videforex warns that margin trading involves the potential for profit as well as the risk of loss. The Homepage features a Live chat which offers the option for a group or a private chat but when selecting the option, it merely redirects to the option to open an account. Brokers often cap bonuses above a certain level and there are strict terms and conditions involved with these bonuses.

However, they do not provide services to traders from the US and parts of Europe and Asia. VideForex does however offer their services in multiple languages including English, Russian, Spanish, French, Dutch, and Thai languages. Our review of Videforex was disappointed to see limited additional resources for traders. A basic trading tutorial is published on the broker’s website, topics include how to trade CFDs and how to trade binary options.

Here, select your preferred payment method and follow the fundamentals of web application architecture on-screen instructions. Processing times may vary depending on the method and network involved. If you have experience trading with Videforex please share your personal review of the broker and what you think are strong and weak points. It’s worth noting this means Videforex is not regulated by CFTC, like most US brokers, which is why you can’t partake in day trading with Videforex if you are from the USA. Videforex uses a 3D secure money transfer and SSL certified 256-bit funds processing.

Types of Accounts and its Features

Traders can use the doj systems development life cycle guidance chapter 1 demo trading account to get real-life trading experience and market knowledge. The demo account by Videforex gets activated after you fund your real trading account with the minimum deposit amount. Like some other trading brokers, Videforex also offers its clients leverage trading. Under the leverage trading process, the traders can borrow capital from the broker to enhance their buying potential. If you are new to binary options trading and want a quality experience, the Bronze account is for you. You need to deposit a minimum of $250 to access this account type.

This effectively allows you to borrow money to strengthen your position. Importantly, it can significantly increase your profit potential. Since its launch in 2017, the popularity of the CFD, forex, and binary options broker has grown. 4000+ client accounts have been opened and the brokerage has processed close to $500,000 in withdrawals.

Where withdrawal fees are concerned, Videforex charges a 5% transfer fee when Credit/Debit cards are used. When evaluating brokers, the ease with which deposits and withdrawals can be made is another imperative factor to consider. Traders, despite their trading experience and investment size, should be provided with the same benefits.

This can be useful, but it is essential to discern what the conditions are in order to benefit from the bonus. Among the available binary options brokers, Videforex is considered to be the best for offering better assets. What’s interesting is that this broker lets clients try new underlying assets so they can make more profit. However, you need to remember that leverage trading is not risk-proof. That means if you have incorrectly predicted the market, you will lose a huge amount of money. It happens because the fees charged on leverage trading are higher than those for non-leveraged assets.

We aim to help you find the best broker according to your own needs. DayTrading.com is committed to helping traders of all levels make informed decisions about which broker to trade with. If you have traded with Videforex we would really like to know about your experience – please submit your own review. This average customer rating is based on 3 Videforex customer reviews submitted by our visitors. Keep in mind though, Videforex is unregulated, and we always recommend caution before trading with unlicensed providers.

An inactivity fee of $10 per month applies if clients do not complete at least one trade in this time. This includes nadex strangle strategy examples with binary options an economic calendar, market news and technical analysis. Easy to digest for beginners, these can help investors find opportunities and time trades. The Videforex mobile app is a user-friendly trading solution for Android devices. It offers a full suite of tools and features and is a good supplement or alternative to the desktop solution.