Videforex Review 2024 Read Before You Trade

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. Plus, you have wlkp stock forecast, price and news access to cryptocurrency pairings and fixed return options.

Spreads & Commission

There is a 5% transfer fee charged on all credit card deposits, where the is no charge on any other deposit method. A deposit request via credit, debit card or via e-wallet will be processed within 3 hours. It can take Videforex up to 3 business days to process incoming bank wire transfers and to verify that the funds have been received. 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.

The most popular cryptocurrencies are Bitcoin, Ethereum, Litecoin, Dash, Ripple. You can fund your account by credit cards (VISA/MasterCard), Bank wire transfer, Bitcoin, Ethereum, Litecoin, Altcoins, Neteller, Skrill, Perfect Money. The homepage features a banner that claims that the broker is regulated, although no mention of regulation can be found on the website. There is a banner on the homepage which claims regulation, but there is no regulation indicated on the website.

So, register yourself with Videforex and get your issues quickly resolved. Videforex is one of those brilliant trading brokers that allows you to place trades for just $1. However, the broker is not regulated by a reputable authority and therefore UK traders deposit at their own risk.

Bonuses

Compare Videforex with the top 3 similar brokers that accept traders from your location. Another perk is the Rollover tool which lets traders increase positions up to 100% of the selected timeframe on the first use. When we used Videforex, we found there is a commission for opening an unleveraged cryptocurrency CFD position.

Compare Trading Instruments

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. Please see a list of regulated brokers for some alternative options. While Videforex is new to the market, it offers its clients a huge range of trading assets. It shows that the company is trying its best to offer the traders the most premium facilities. So, if you want to enter the binary market through a broker offering standout financial assets options, choose Videforex.

A Forex account is a trading account that traders hold with a specific broker with the purpose of trading financial instruments. Videforex has an easy-to-understand interface, which is suitable for novice traders. This trading broker has a simple interface, including all the elements that traders require for properly trading binary options and CFDs. Demo accounts are a great way to become familiar with the platform and to test trading strategies risk-free. The lack of regulation poses a significant risk for traders who choose to trade with Videforex.

Trading on the platform is straightforward for both beginners and experienced investors. It has been engineered to retain usability while offering a variety of sophisticated tools and resources many day traders require. For example, in-depth investing tutorials can walk newbies through the platform. Movements in the price of foreign exchange and commodities are very unpredictable, hence Videforex cannot guarantee a maximum loss that a trader may suffer. The Videforex ‘Contact’ section offers the option of completing an online contact request. There are also numerous telephone numbers for assistance in various jurisdictions.

Videforex is an unregulated broker which offers extraordinarily little information on critical factors that traders must consider when evaluating brokers. No download is cftc commitments of traders required as trading is available via all major web browsers. However, while the platform is touted as suitable for both new and experienced traders, we found that sophisticated and advanced tools were lacking.

1. After you gain proper confidence with the demo account, you can then start real trading by investing the real money.
2. However, it is somewhat disappointing that VideForex is not offering CFD cryptocurrency trading pairs as most new online trading brokerages of this kind are.
3. We will also provide our verdict on whether Videforex is a scam or a legit broker to trade with.
4. Therefore, it is strongly advised to avoid trading with unregulated brokers like Videforex.
5. Accounts with a bonus are subject to a 300% turnover cap before a withdrawal is allowed.

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). To receive demo account access you need to fund your trading account and contact customer support to get an demo account credentials. VideForex is said to offer 24/7 live video chat support, which we would have assumed was exactly that – a video chat with an agent. However, having tested it, we can state that this is not how it works. Instead, you’ll have access to live chat, just the same as what most all Forex brokers offer, but be able to see a pre-recorded video of a person (a VideForex employee?) that plays on a loop.

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. Traders also get a chance best stocks for trading options 2020 to use unique tools that increase their chances of winning a trade. Furthermore, the clients of Videforex can participate in the competition and win huge rewards. As you can see, the higher you invest, the better features you get. But if you are a beginner, you must stop yourself from depositing high initial amounts by choosing the Bronze account.

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.