I want to point out the very different and negative features of this broker. VideForex requires its customers to reach a total turnover Videforex even when they don’t use bonuses. No regulation means no trust for the traders which is the crucial point in making sure your funds are safe and you can withdraw whenever and however you want. There is a lack of research and education, so you need to do independent research if you want to sign up with this broker. Alternatively, you could check out a broker with expansive educational and research sections, such as FXFlat.

By clicking on the pages icon on the right, users can copy traders by simply specifying the size of the investment. People who write reviews have ownership to edit or delete them at any time, and they’ll be displayed as long as an account is active. Brokers in this location do not have to adhere to any financial regulation so we recommend caution before making a deposit. The application is free to download yet it’s still not any known forex platform. So in order to have a gold account, you have to deposit at least $3,000.

Over 100 data points are considered, from minimum deposits and trading fees to the platforms and apps available. Our broker ratings are also informed by the experience of our researchers during the evaluation process. Videforex has a straightforward platform and quick sign-up process that will appeal to new swing traders. The broker also offers promotions and bonuses, 24/7 video chat and several funding methods.

Withdrawal Methods & Costs

On the downside, more advanced traders may find the single platform and the low number of assets available limiting. And critically, Videforex is unregulated and should be reviewed carefully before committing funds. In addition to that, the customers’ feedback from dealing with live accounts doesn’t seem to be anywhere close to neutral even. Free demo accounts are available and with this broker, we truly advise that you create one, even if you are an experienced Forex trader.

Recently, I deposited fresh funds to open new positions with just a few taps in the mobile app. Easy, integrated funding makes Videforex very accessible for active traders on the go like myself. But while these are useful features, there is a lack of advanced trading tools for account holders. For example, there is no economic calendar, forex heat map or online trading forum and tutorial.

Alternatively, binary options allow you to speculate on rising and falling prices with a fixed stake and payout. They closed my account saying I was under suspicious behavior will my withdraw of $500 was still pending. They won’t give me my earned money, let me speak to anyone and they won’t give reason as of why my account is under investigation. I’ve been with the online broker for 5 months and only attempted 2 withdraw.

Videforex Review

In addition, users can view their trading history, make deposits and withdrawals, and execute orders at the click of a button. Videforex offers binary options and leveraged CFDs on major, minor and exotic currency pairs, a dozen cryptos including Bitcoin, plus commodities like gold. You can also trade major indices like the Dow Jones 30, S&P 500, and FTSE 100 (CFDs only). VideForex customer service in this VideForex review is pretty much the only thing that me a bit exceptional from other brokers, where the broker here offers live video chat customer support. Where the conversation may last with an agent for a while but then the system requires you to log in or register to continue.

1. Copy trading tool is another feature that VideForex and it doesn’t matter which account type you have.
2. If you are new to the brokers’ world, Videforex may be a sound option.
3. Videforex offers binary options and leveraged CFDs on major, minor and exotic currency pairs, a dozen cryptos including Bitcoin, plus commodities like gold.
4. Cybersecurity-related crime is an ever-present threat to online traders; so, some brokers implement high-security protocols to ensure their customer’s safety as well as their own.
5. The platform features regular CFD and options trading, direct deposit and withdrawal via the app, and a 60-second trading option.
6. As cybercrime is on the rise and online scams prevalent, trusting your broker with your confidential data is important.

If this information is correct, then we can deduce that the 100+ assets are comprised of currency pairs, stocks, and cryptocurrencies. That would leave out assets such as indices, commodities, https://www.wallstreetacademy.net/ and more. The sleek system makes selecting your financial instrument a hassle-free process. You can get to your choice of currency pairs, commodities, and indices with just a few clicks.

The Bronze Account

The platform features regular CFD and options trading, direct deposit and withdrawal via the app, and a 60-second trading option. Additionally, clients have access to their account and portfolio information through the platform. The benefits of the platform include instant execution of trades, live charts of every option available, the ability to view trade history, and the same login as the web-based platform. VideForex provides novice traders with an exceptional online trading experience with a personalized level of support that boosts the trader’s confidence and ability to trade. The trading platform featured by VideForex is very simple yet sophisticated enough to competently trade CFDs and binary options on a variety of financial assets. The brokerage may not be licensed or regulated, but they have thus far proven to be a reliable and competent online trading broker.

Above all, our experts assess whether a broker is trustworthy, taking into account their regulatory credentials, account safeguards, and reputation in the industry. Compare Videforex with any other broker by selecting the other broker below. No, the broker isn’t regulated or licensed to operate in the US. As cybercrime is on the rise and online scams prevalent, trusting your broker with your confidential data is important.

VideForex Broker Details

There are three account types to choose from, including Bronze, Silver, and Gold. Each of the three offers their own set of features, but the shared features of the three include 247 support, 1-hour withdrawals, free demo accounts, and the provision of a copy trading tool. After that, there are some variances between the account types, so we’ve listed all of the features of each below. To evaluate brokers, we test the accounts, trading tools and services provided.

The web platform comes with a simple interface, which may be a huge deterrent for veteran traders looking for advanced tools and features. 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. The platform is not required to be downloaded or installed and is accessible from anywhere in the world. Upon using the platform for the first time, it’s evident that it is intuitively designed and great for beginner traders. The platform keeps things very simple and features everything a trader needs to competently trade CFDs and binary options. 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.

To initiate transactions, log in to your Videforex account and visit the “Cashier” section. Here, select your preferred payment method and follow the on-screen instructions. Processing times may vary depending on the method and network involved. When we used Videforex, we found there is a commission for opening an unleveraged cryptocurrency CFD position.

Videforex is an unregulated online broker located in the Marshall Islands, a location that is very popular among offshore brokers. If you are not familiar with the risks of using an unregulated online broker, you may want to check out GKFX or FP Markets instead. In addition to bonuses, VideForex offers a weekly trading contest that offers a total prize fund of $20,000 which is distributed among 20 total winners. 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).