We do not provide financial advice, offer or make solicitation of any investments. Yes, but you need to make a deposit first and contact customer support to get your demo account credentials. Not every online broker offers this, making Videforex a good fit for those with limited time or changing schedules. One of the best features of Videforex is the weekly contests. There is no entry cost, and twenty winners are listed each week. Both beginners and experienced traders can compete, as all accounts automatically participate.
VideForex Account Types
Our experts also factor in their hands-on testing experience into broker ratings. A prominent feature of all FGC brokers is that they process all of their clients’ withdrawals within an hour of a withdrawal request. The average withdrawal time for VideForex is 54 minutes, which is quicker than a majority of brokers.
- Forex trading, or currency or FX trading, involves the currency exchange market where individuals, companies, and financial institutions exchange currencies for one another at floating rates.
- VideForex should offer more clarity for its traders, and we expect the company to update the information at the earliest.
- The homepage features a banner that claims that the broker is regulated, although no mention of regulation can be found on the website.
- As mentioned earlier, VideForex is an international trading brokerage that serves traders from all over the world.
Types of Accounts and its Features
That would leave out assets such as indices, commodities, and more. The trading instruments available at VideForex are stocks, currencies, commodities and indices. I’ll show all the details of each instrument in this part of the Vidforex review.
JustMarkets Account Types
Even when viewing the trading assets, the broker does not provide any information. Brokers often cap bonuses above a certain level and there are strict terms and conditions involved with these bonuses. Bonuses are often offered as trading credit which can be used and of which profits can be withdrawn. Despite this, Videforex is a legitimate broker and not a scam. The unique features offered may offset the risk of limited regulatory oversight.
When I asked how take a binary options trade, Emma visually walked me through filling out the trade ticket properly and explained expiration times perfectly. Such personalized visual aid outside regular hours makes me feel secure with Videforex’s stellar service. My only critique is that their platform’s interface seems a bit cluttered.
The company’s forgotten password process is straightforward and customers can follow their profiles on social media, such as Twitter and Instagram for live updates. This comprehensive approach allows us to recommend the best brokers for different experience levels, trading styles and budgets. Systematic investment plans offer a systematic approach to investing that allows individuals to invest a fixed amount of money in their preferred investment instruments on a regular basis. SIPs have several benefits including steady investment, versatility, the possibility of dollar-cost averaging, and the opportunity to start with small amounts of money. A forex trading scam is a scheme that tries to trick you by giving you money in the forex market. Scammers promise you to give high returns or guarantee profits.
I highly recommend giving Videforex a try to experience these benefits firsthand. Honestly VIDEFOREX is The Best platform I work with when it comes to trading options. Fast and easy trades can be very profitable and makes you feel amazing, AS LONG AS YOU HAVE A STRICT DISCIPLINE TRADING STRATEGY. Other than that the platform provides Quick and Fast customer support which includes LIVE Chats with Their team representatives and as well as email support! One thing for sure is you will be able to collect your earnings with no issues what so ever.
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. The platform is available in web, Android, and iPhone versions. 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.
Silver and Gold account holders are provided with access to a web session “Master Class” that presumably teaches how to trade Forex. Again, no additional details were provided about how or when to access this class. Aside from these two extras, it would seem the only other tools would be those within the trading platform. https://traderoom.info/ has tempting weekly contests, promo codes, a bespoke trading platform, plus live video support. In addition, with several online trading accounts, straightforward setup and use, this broker is an attractive proposition for both beginners and experienced investors. Additionally, the binary options trading platform has some mouth-watering bonus packages.
The broker’s binary options offer payouts of between 20% (cryptos) and 98% (OTC currency pairs). 2023 also saw Videforex expand its suite of OTC assets with payouts up to 95% and trading opportunities on popular global markets. Clients simply need to decide whether the price of an underlying asset will rise or fall. Potential payouts and losses are fixed before the investor opens the trade.
Margin is the amount required at the start of every trade which is collateral for any credit risks which may arise while trading. It is expressed as a percentage of the position size and traders must ensure that they have adequate funds to cover this requirement. Where withdrawal fees are concerned, Videforex charges a 5% transfer fee when Credit/Debit cards are used. A margin requirement is the amount of capital that the trader has to put down at the start of the trade, or that they have to have available in their trading account, as collateral for the trade.
Brokers in this location do not have to adhere to any financial regulation so we recommend caution before making a deposit. Investing.co.uk has been helping British traders find videforex the right broker for over 20 years. To open an account, UK clients must complete the online registration form. This involves providing identity documents and proof of residence.
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. Videforex is a top-rated CFD, forex and binary options broker. Our review covers everything you need to know about the online trading platform, including the sign-up and login process, plus how to deposit and withdraw.
Most importantly, regulatory authorities help keep brokers in check and protect the interests of customers. 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. Keep getting same email from customer service request will be executed soon From over a month. Trading platform is a tool where you can buy or trade an instrument with only some clicks on your device,anytime and anywhere you want. In addition, price chart is also usually provided with some analytical toolsto help you analyze the price movement, so you can increase your profitability by placing well-plannedtrades.
Should the referral deposit $1,000, the trader receives a commission of $200. Forex brokers often lure new traders with offers of deposit bonuses. This can be useful, but it is essential to discern what the conditions are in order to benefit from the bonus. The Videforex platform is also weaker than the industry standard. Professional traders could deposit in excess of $1,000 to open a Silver account. This comes with a master class (web session) included, while the gold account features include a personal success manager, as long as you deposit more than $3,000.
