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. Additionally, there are other brokers with longer track records that might be worth considering as alternative options.
By clicking on the trading symbol you will see a list of tradable instruments on Videforex broker. DayTrading.com is committed to helping traders of all levels make informed decisions about which broker to trade with. When we used Videforex, we found there is a commission for opening an unleveraged cryptocurrency CFD position.
Investment Features and Utilities
- Therefore, VideForex’s strategy of offering a Forex and CFD trading platform through its proprietary binary options platform may not be viable for the long term.
- 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.
- In this article, we will review Videforex and evaluate its regulation, platforms, tools, education, markets, accounts, and funding methods.
- To avoid this charge, be sure that you do enter into a least one position monthly.
- We did note two items within the user agreement that we felt were worth sharing.
- There is a 5% transfer fee charged on all credit card deposits, where the is no charge on any other deposit method.
To avoid this charge, be sure that you do enter into a least one position monthly. The firm also claims to have invested in a high-tech system for data protection. However, there is no evidence of negative balance protection or other fund protection policies normally seen in brokerages registered with the CySEC or FCA. Key metrics such as account level, trade count, and profit ratios are displayed under the profile section. Provide your email, a secure password, first and last name, phone number, and select your account currency.
Does VideForex charge withdrawal fees?
- Most importantly, regulatory authorities help keep brokers in check and protect the interests of customers.
- However, they do not provide services to traders from the US and parts of Europe and Asia.
- The VideForex apps for smartphones and tablets are developed as binary options platforms that also support Forex and CFD trading.
- VideForex is more than just another name in the crowded field of online brokers.
For more choices, we recommend you to check out our trading broker reviews. Videforex is an online broker that offers forex and binary options trading on a variety of assets, such as currencies, stocks, indices, commodities, and cryptocurrencies. The broker was launched in 2017 and is operated by Vide Projects Ltd, a company registered in Seychelles. Videforex claims to provide a user-friendly and innovative trading platform, as well as various tools, education, and account types to suit different trading styles and preferences. However, as with any online broker, there are also some potential drawbacks and risks involved in trading with Videforex.
VideForex Review
Each account type has its own advantages and disadvantages and requires different levels of investment and risk tolerance. Therefore, clients should carefully consider their trading goals and needs before choosing an account type. Videforex offers a variety of markets for its clients to trade on, including forex, videforex CFDs, and options. These markets allow clients to speculate on the price movements of different assets, such as currencies, stocks, indices, commodities, and cryptocurrencies. Each market has its own characteristics, advantages, and disadvantages, and requires different strategies and skills to trade successfully.
Videforex Bonuses
They’ve added an AI Trade feature as well but gotta say I’m not confident enough yet to let a machine do ALL my analysis and trade entries/exits. Once you have made a deposit, you gain access to a Videforex demo account. This is the ideal place to develop a strategy and get familiar with market conditions using simulated money. Then, when you are confident, you can start putting real capital on the line. Whether you’re day trading forex, CFDs, or binary options, the bonus requirements are the same. The varied assets available should keep even the most professional trader satisfied, but it may get tedious for beginner traders to choose a handful of instruments from the overall choice.
Platforms & Tools
Traders can easily access VideForex’s web-based platform even when on the go. I like that the potential returns at Videforex are higher than binary platforms I’ve tried in the past. 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. Both beginners and experienced traders can compete, as all accounts automatically participate. This effectively allows you to borrow money to strengthen your position.
I’ve been going around and around for months now with nothing to show for it! I’ll be suing because I want my money and will not accept anything less. Compare Videforex with any other broker by selecting the other broker below. As cybercrime is on the rise and online scams prevalent, trusting your broker with your confidential data is important. There is no maintenance or registration charge when you sign up for an account. However, if you do not make at least one trade a month, you will be charged $10.
Verify your identity on the platform using the related options in the “Profile” section. Expiry times are flexible across all accounts, starting from as little as 5 seconds and extending up to one month. TradingFinder.com assumes no responsibility for any potential losses or damages.
Chart Types
Videforex will show a customer’s deposit as pending while it waits for confirmation from its payment system. Traders should check their funds are confirmed before entering a transaction. If the service is temporarily unavailable, this could delay entering at the desired price.
Commissions and Fees
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 6 Videforex customer reviews submitted by our visitors. Compare the markets and instruments offered by Videforex and its competitors. Please note, some markets may only be available via CFDs or other derivatives.
The company behind the brokerage, Involva Corp, is registered in the Marshall Islands. Opening an account at VideForex is easy, as you can sign up with an email address. Note also that VideForex does reserve the right to charge $10 per month for each and every month wherein the client has not executed at least one trade.