Videforex Review Should You Use This Trading Platform?

But if you are a beginner, you must stop yourself from depositing high initial amounts by choosing the Bronze account. Videforex does not permit its clients to use features like forex expert advisors. In addition, it is incompatible with several tools and indicators. If you have experience trading with Videforex please share your personal review of the broker and what you think are strong and weak points.

Videforex is considered a good broker for its high number of payment methods, 24/7 market access and reliable customer support. However, the lack of assets to trade, regulation and platforms could be red flags for some. The firm has grown in popularity due to the increase of swing trading binary options, CFDs and FX. Videforex.com offers a bespoke trading platform on the web and a free mobile application.

  1. The broker seems to specialize in Forex and binary options primarily.
  2. VideForex does however offer their services in multiple languages including English, Russian, Spanish, French, Dutch, and Thai languages.
  3. Depositing funds are usually instant so to ensures that VideForex clients can start trading right away.

The broker has a proprietary web-based platform that features live video chat support and copy trading. Videforex also offers attractive bonuses, fast withdrawals, and trading contests for its clients. However, the broker is not regulated by any reputable authority and has high spreads and commissions compared to other brokers. Videforex offers 3 account options; Bronze, Silver, and Gold. All accounts feature 24/7 live video chat support, copy trading tools, and fast withdrawals.

The main aim of forex trading is to successfully predict if the value of one currency will increase or decrease compared to the other. Here, we explain what forex trading is and run through some of the advantages and risks to consider before getting started. Although forex trading can seem a little complicated at first, you might have already made your first trade without even realising it. However, there’s almost no information provided about the two, which is kind of disappointing. If anyone tries to tell me this is something else than a cheap trick to get men to sign up, I’ll pack my toys and go home.

Each name refers to the same process of buying and selling foreign currencies. Or, they may decide to sell a currency if they think its value will go down and buy it back later when it’s cheaper. Forex trading is a way of investing which involves trading one currency for another. If you’ve ever travelled abroad and exchanged your home currency for local currency, that’s a foreign exchange. You may also send them your question or concern by filling up the form found on the “Contacts” page. It’ll ask for basic information like your full name, email address, and phone number.

Demo Account Review of VIDEFOREX Broker

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It accepts traders from almost all the countries except the USA. It allows the traders access to numerous assets so they can unlock new possibilities in the market. However, you need to remember that leverage trading is not risk-proof. That means if you have incorrectly predicted the market, you will lose a huge amount of money.

Videforex vs Other Brokers

It is available to download for both Android and iPhone through the respective app stores or from their website. For example, let’s assume that a company ABC’s stock price currently trades at $24. The trader buys a binary option with a strike price of $25, and expires after one day. If, at the expiry date, the stock price is higher than $25, the option expires in-the-money and benefits the trader. In terms of trading costs, Videforex is also quite an expensive option. For instance, there is an average spread of 1.5 pips, and an account fee of $1 for forex trading.

Does Videforex Offer A Demo Account?

Additionally, it also offers other asset classes, such as cryptocurrency. Videforex is designed to benefit both new and seasoned traders, with features such as a proprietary platform and copy trading opportunities. The next account type that Videforex offers is the Silver account. It targets the traders who have gained a good experience in binary options. Silver trading accounts require a minimum deposit of $1000.

New clients are asked to submit an initial deposit in the amount of $250. We’re assuming that this will provide one with the lowest account tier, which is Bronze. We noted in this VideForex review that the firm mentions two other deposit amounts, $1,000 and $3,000, in relation to increased deposit bonuses. It very well could be that these two amounts are linked to the Silver and Gold accounts, respectively, but we were not able to confirm this. 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, and more.

Before enter the margin trading process you should knowing the meaning of margin.What is the meaning of margin? Margin refers to the funds borrowed by a broker for the purchase of an investment, which is the difference between the investment’s whole value and the loan amount. If you’re a newbie to trading, finding the right broker who can guide you through the process is crucial. In this review by tradingcritique.com, we’ll delve into VIDEFOREX and provide an overview of the company, its features, and operations to help you get started as a trader.

The broker is not regulated by any regulatory body in India, that’s why money safety may be the issue here. Horrible experience and I’m trying to provide for my family. 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.

For forex, you can expect to find the seven major currency pairs along with minor and exotic pairs. One of the most important decisions you can make as a trader is to choose a reputable trading brokerage that’s right for you. While there are numerous viable online trading brokerages out there to choose from, it can still be difficult knowing which one is right for you. See below, our in-depth review of the VideForex online trading brokerage and decide if they’re the right broker for you. The minimum amount for withdrawals is $50 or equivalent currency.

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. Promo terms and conditions are available on the broker’s website. Whether you’re day trading forex, CFDs, or binary options, the bonus requirements are the same. Videforex requires a starting deposit of $250 for new trading accounts.

A 20% trading bonus is also granted to Bronze account holders. The one area where VideForex blows all other online trading brokerages out of the water is their high level of customer support. VideForex is one of the only online trading brokerages we know of who provide live video chat support. https://forexhero.info/ Upon going to the VideForex website you are greeted by a friendly live support representative that you can see and interact with. The live video chat service is available 24/7 to VideForex customers and is accompanied with other contact methods such as email and telephone support.

Henrik Mühlbradt

Henrik har testet sykler og utstyr for ulike publikasjoner siden 2006, og er sammen med Morten Iversen blant de mest erfarne sykkeltesterne i Norge. Henrik er opptatt av alle former for sykling, men har en forkjærlighet for terrengsykling og cyclocross. Han har konkurrert på høyt og lavt nivå siden midten av 90-tallet, og han kan fortsatt observeres med nummer på styret i terreng- og cx-ritt.