VideForex is one of the first brokerage service providers in the industry to implement the video chat feature. Traders report having had a great time interacting with the broker through this feature. 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.
Additional methods of support include the websites extensive FAQ page and contact via VideForex’s social media channels. 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. The VideForex trading brokerage was founded in 2016 and is based offshore in the Seychelles.
Does Videforex Have An Inactivity Fee?
One thing we noted about the broker is that they charge a specific commission to traders who choose to open unleveraged digital currency CFD positions. Yes, but you need to make a deposit first and contact customer support to get your demo account credentials. It will take liquidity and external markets for the underlying financial instrument into account. Clients can also select the ‘Live Trades’ tab in the left-hand side of the platform to view the top traders for a particular asset. By clicking on the pages icon on the right, users can copy traders by simply specifying the size of the investment.
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- Although VideForex is new in the brokerage industry, they offer many products and their customer service is commendable.
- It offers a full suite of tools and features and is a good supplement or alternative to the desktop solution.
- The broker also offers guaranteed withdrawals in less than an hour and live video support to assist users.
VideForex Verdict
With VideForex, traders can also access major stocks across the globe including IBM, Coca-Cola, Microsoft, Facebook, Alibaba, and many others. Forex regulators are tightening their guidelines to prevent brokers from offering any promotions, which makes it all the more attractive to invest in reliable brokers operating from tax havens. By opening an account at VideForex, traders can choose anywhere between 20% and 100% deposit bonus, on top of the regular trading contest that assures of weekly prize money of $20,000. Each remarkable trader can earn up to $5000 in prize money for beating the competition, and the prizes are handed out every week. Regulation plays a vital role in ensuring that companies adhere to strict protocols and financial transparency for providing a trusted brokerage service. In the case of VideForex, we are afraid that the broker belongs to the latter.
Trading panel
Even though Seychelles has their own regulatory authority who governs the financial services businesses based here, VideForex remains unregulated by them. While this is somewhat concerning, VideForex comes from a reputable background and has been competently providing trading services since 2016. As mentioned earlier, VideForex is an international trading brokerage that serves traders from all over the world. 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. The broker offers over 60 currency pairs to include Majors and minors and also popular cryptocurrencies.
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. Although Videforex does not charge maintenance or registration fees when signing up, the broker’s user agreement states that the client (trader) must also pay any withdrawal fee that the firm may incur. As per the broker’s terms and conditions, opening an unleveraged cryptocurrency CFD position will face a charge of 1–2.5% of the transaction value.
Clients can deposit and withdraw in 60 seconds, manage portfolios in a few clicks and view live charts of all available assets. The platform also provides instant order executions, detailed trading history and built-in live video chat support. In addition, the browser-based solution comes with a selection of technical indicators and an intuitive market insights tool. VideForex features their very own proprietary web based trading platform that’s accessible via any web browser on most desktop computers and smart mobile devices.
- For more choices, we recommend you to check out our trading broker reviews.
- Again, no additional details were provided about how or when to access this class.
- Videforex.com offers a bespoke trading platform on the web and a free mobile application.
- But to get a decent welcome bonus you really need at least a Silver account which needs a $1000 deposit and more than I could afford.
Bonuses overview
The company has also added a few cryptocurrencies to the mix, but the choice of cryptocurrencies is not as large as some of the other brokers. Therefore, it is strongly advised to avoid trading with unregulated brokers like Videforex. Trading with such brokers exposes traders to a high level of uncertainty, insecurity, and potential fraud. Instead, traders should look for brokers that are regulated by well-known and respected authorities, such as the FCA in the UK, ASIC in Australia, CySEC in Cyprus, or NFA in the US. Additionally, the binary options trading platform has some mouth-watering bonus packages.
Mobile App Review
We understand the struggle and importance of choosing the right trading brokerage, which is why we have compiled numerous in-depth reviews of viable online trading brokerages. See below, our in-depth review of the VideForex online trading brokerage and decide if they’re the right broker for you. Videforex broker provides an all-in-one trading interface that allows traders to trade Forex, CFDs, and binary options instruments.
Our over 15 years of experience in financial markets and high technical knowledge aid in precise videforex and timely identifications. Our independence from brokers and the companies we introduce, our commitment to maximum transparency, and our extensive experience in financial markets contribute to our ranking criteria. Use the “Add Funds” and “Withdraw” options to transfer funds in and out of your trading account. To learn more about VideForex deposit and withdrawal methods, read TradingFinder articles. However, we were surprised to find out that the broker has gone above and beyond to make their web-based trading platform mobile-friendly.
VideForex also supports Perfect Money, Altcoins, Bitcoin, and Litecoin among other widely used cryptocurrencies. They operate on a web-based platform where traders can easily carry out their trading activities. While it does not have stylish and modern tools, we were impressed by its uniqueness as well as its ability to support multiple functionalities. 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. For this reasons, we recommend that you take extra precaution when opening an account with them.
Here, select your preferred payment method and follow the on-screen instructions. Processing times may vary depending on the method and network involved. Brokers in this location do not have to adhere to any financial regulation so we recommend caution before making a deposit. The Settings tab grants control over payment configurations, account verification, security features (like 2FA), interface preferences, and notification alerts. This chart type allows you to access all the available tools on the TradingView platform, including Ganbox, Pitchfork, Fibonacci, Elliot Waves, and many more. The broker offers well-known indicators and oscillators such as Moving Averages, Bollinger Bands, MACD, RSI, and many more.
Click on the option in the upper-right corner to choose between real or demo accounts. Dealing with unregulated brokers can be very risky because there isn’t a regulatory authority to hold them accountable. Otherwise, find another brokerage provider that is well-regulated and adheres to regulatory guidelines. What we loved most about VideForex’s customer service is their modern video chat feature.