Videforex Broker Review

Videforex Binary Trader Review

With VideForex, traders can also access major stocks across the globe including IBM, Coca-Cola, Microsoft, Facebook, Alibaba, and many others. VideForex offers three types of trading accounts namely Bronze, Silver, and Gold. The minimum deposit for the Bronze account is $250 while that of Silver and Gold is $1000 and Currencies forex $3000 respectively. While VideForex is primarily geared towards servicing novice traders, they do offer three different account types that reward traders who make larger deposit amounts. One of the most important decisions you can make as a trader is to choose a reputable trading brokerage that’s right for you.

VideForex also supports Perfect Money, Altcoins, Bitcoin, and Litecoin among other widely used cryptocurrencies. Regulation is essential and is among the metrics that traders should use to gauge a given broker reputation. Most importantly, regulatory authorities help keep brokers in check and protect the interests of customers. VideForex is a new brokerage company that offers Forex and CFDs alongside binary options and other products.

  • Most users note high professionalism of the customer support team.
  • Unfortunately, VideForex is not very transparent with their associated fees and commissions.
  • By the way, it is available in several languages and works round the clock.
  • No need to spend long hours trying to understand the principle of its work and how to use the tools.
  • To become successful in trading with online brokers, the main thing is to find the one which may be trusted.
  • VideForex is a trading platform, which is suitable for starting traders.

Silver – the silver level account offers all the benefits of the bronze account together with an online masterclass and the services of a personal success manager. The minimum deposit amount to open this type of account is $1000. There are a number of reviews on trustpolit that are negative towards Videforex broker. Videforex is an off shore broker which makes it risky investing a large sums of money into this broker but they do offer the best binary option platform in 2020. Actually it makes sense because of their exclusive live chat service that I am going to give details to you in the section of VideForex customer service. However, it accepts traders from the United Kingdom, Australia, Canada. Besides, the trading platform is open to users from the bulk of European countries including Germany, France, Italy, Luxembourg, Sweden, Norway, and Denmark.

Among the best selling moments on this review is their brand new live video chat attribute. You may get this feature directly from their homepage, which should manage traders and put them at ease. It is accessible to a broad array of users, from US to Australian customers. If you’re new to day trading, then you do not want hefty minimum deposit requirements. You most likely need to dip your toe into the water until you take the plunge. Luckily, needs an around business standard deposit of $250 for new trading accounts. They also offer a 100% investment bonus for the first investment (check the T&Cs suit before using it).

It is imperative to ensure that you check and understand all of the latest information before you open a Videforex broker account for online trading. Videforex broker is located in the Seychelles and is not regulated. We would only trade online with a regulated broker as they provide account protection that unregulated brokers cannot. You can see a list of our best online brokers who are regulated. Videforex is not ranked in our best forex brokers, best stock brokers, best cfd brokers, best crypto brokers or best online brokers categories.

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The design of the platform is simple, yet the number of tools available makes it very functional. Besides, everything the trader may need can be found on the trading page (e.g. charting tools, fundamental analysis, technical analysis). VideForex stands out in the background of numerous other brokers due to their own trading platform. Hence, they are responsible for everything that happens on the site, including glitches.

Videforex Broker Review

Regardless, VideForex apps are offered for both iOS and Android devices, in order to cover both the smartphone and tablet users. VideForex adopts 3D Secure and 256 bit SSL encryption for account transactions, which are intended to keep clients’ deposits and withdrawals fully secure. Funding and withdrawal methods include Visa, MasterCard, Neteller, Skrill, PerfectMoney, Bitcoin, Ethereum, and other cryptocurrencies. VideForex assures its investors that all funds will be moved to segregated accounts in European banks, but there isn’t any regulatory authority that audits such claims from the company. Regardless, the broker has an excellent withdrawal policy that processes every client withdrawal within an hour, which indeed implies that the broker is serious about delivering on its promises. VideForex is not a regulated entity, unlike the advertisements made on their website. Several local laws and regulations in countries such as the USA, parts of Asia, and EU member nations may prevent VideForex from operating in these areas.

On the contrary, some of the other FGC entities have branches in the UK and other EU nations, which means that there is a reason to trust the broker for offering a legitimate brokerage service. We only recommend trading with an authorised company, and we would not endorse any broker that does not provide a registered address and proof of regulation. VideForex is transparent about its registration details and company information, thereby allowing us to have confidence in the company for offering an excellent quality financial product. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. All providers have a large percentage of retail investor accounts that lose money when trading CFDs with their company.

As mentioned above, VideForex does not offer the fancy Metatrader4 and Metatrader5 trading platforms provided by most brokers in the industry. Unlike other brokers that offer Metatrader4, Metatrader5, and extra trading platforms, VideForex does not provide any of these. From the look of things, VideForex appears not to have any regulatory oversight. While the broker might be a credible trading platform, they are closely run by other offshore brokers making them unreliable.

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79% of retail investor accounts lose money when trading CFDs with this provider. As broker fees can vary and change, there may be additional fees that are not listed in this Videforex review.

The representatives were able to handle simple questions without any trouble. We happily noticed that there was nothing sexual involved in the conversation despite the nature and the view of the stream video. With that being said, you have to agree that attractive women chatting up new clients doesn’t seem serious enough. VideForex seems to be a fine choice for dealers all over the world. The trading system of VideForex Is extremely Intuitive and easy to use and browse. If you are looking for a binary options broker, you should give this one a notion. Gold – the gold level account offers all of the benefits of the silver account.

Therefore, there are a few regulatory concerns and hurdles while trading with VideForex. VideForex launched its services in 2017 but is still How to trade Litecoin in the process of refining its products to better align with the global standards adopted by leading service providers in the market.

Videforex Broker Review

If you have to trade with VideForex, you should expect anything. Otherwise, find another brokerage provider that is well-regulated and adheres to regulatory guidelines. To open trading accounts with VideForex, customers are required to deposit $250. Funds can be deposited through various means including credit card, bank transfer, Skrill, Neteller, and PayPal.

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Between 74-89% of retail investor accounts lose money when trading CFDs.You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work, and whether you can afford to take the high risk of losing your money.

Videforex Broker Review

Besides, the trader has to provide a notarized copy of his ID or driving license to verify and prove his identity. A recent utility bill may be required to confirm the user’s home address. To get the right to withdraw the funds, one has to make a 100% turnover of the money he has deposited. Yet this rule works only if the trader hasn’t used any bonuses.

Videforex Bonus Code

VideForex is an online CFD and binary options trading brokerage that was established in 2016 and is based out of Seychelles. Whether you will need help from one of their market experts or simply wish to study the wide selection of fundamental analysis information; you can do so for free. We find no mention of a license in the brokers website and that shouldn’t shock us if we have in mind the brokerage’s address. Seychelles is among the most favorite locations for offshore brokerages due to lenient registration requirements. Furthermore, there is a striking lack of information regarding the brokers trading conditions which is usually a sign of trouble. All in all, the lack of credible regulation exposes potential clients of Vide Forex to a number of risks. During this review, we have tried to chat with the support about various topics related to trading and technical support.

Videforex Broker Review

Perhaps it is inferior in functionality if compared with some other platforms, but VideForex is still developing. And it is a good choice for those traders who cherish easiness in the work of the service. Another positive thing is that the trading platform is web-based.

VideForex offers research & education resources through their parent company. Traders are issued with top trading tools, personal account managers, and advanced market analysis. In addition to a functional video chat feature, the broker also offers customer service via phone. Customers can call the brokerage company during the day or night.

Videforex Verdict

Besides, Bronze members can try out all the features of the trading platform by using a Demo account. It gives a full picture of the binary option of CFD/forex trading without any threat to the costs on the user balance. This feature may be beneficial for the clients who are new in the field and need some time and experience to feel more confident about risking their own money. VideForex is thought to be a good starting platform for new traders who lack experience, knowledge, and professional acumen. The interface of the broker’s website is simple and the trading process itself doesn’t cause any difficulties. The Videforex trading platform lacks any advanced tools which traders can use to enhance their trading abilities.