Although they offer frequent promotions and tonnes of bonuses, we advise traders to interact with VideForex cautiously. The broker seems to specialize in Forex and binary options primarily. However, they also offer a bunch of other products including CFDs, stocks, ETFs, and market indices.
Videforex Review
Our beginner-friendly tutorial also explains how to place a trade on the Videforex platform. 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. On the downside, more advanced traders may find the single platform and the low number of assets available limiting.
Videforex Accounts
These revenue streams allow us to remain financially independent of advertisers, enabling us to provide all services with maximum transparency. Among the financial service providers, there are fraudsters that we promptly report. Feedback and rankings from authoritative sites like “Trustpilot” on the TradingFinder website assist all traders. This ensures that we accurately convey facts and events so that investors and traders can read our content with confidence and make informed choices.
User Reviews
- I like that the potential returns at Videforex are higher than binary platforms I’ve tried in the past.
- The sleek system makes selecting your financial instrument a hassle-free process.
- Yes, but you need to make a deposit first and contact customer support to get your demo account credentials.
- Videforex offers much higher levels of customer service than alternative brokers.
In addition, with several online trading accounts, straightforward setup and use, this broker is an attractive proposition for both beginners and experienced investors. Therefore, it is strongly advised to avoid trading with unregulated brokers like Videforex. Trading with such brokers exposes traders to a high level of uncertainty, insecurity, and potential fraud. Please see a list of regulated brokers for some alternative options. Additionally, the binary options trading platform has some mouth-watering bonus packages.
Is Videforex Regulated?
Videforex offers a variety of markets for its clients to trade on, including forex, 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.
The lack of regulation poses a significant risk for traders who choose to trade with Videforex. There is no guarantee that the broker will honor its obligations, process withdrawals, or safeguard client funds. There is also no recourse or legal protection for traders in case of any disputes or problems with an offshore broker. Furthermore, there is no way to verify the legitimacy, credibility, or reputation of the broker.
VideForex also supports Perfect Money, Altcoins, Bitcoin, and Litecoin among other widely used cryptocurrencies. Unlike other brokers that offer Metatrader4, Metatrader5, and extra trading platforms, VideForex does not provide any of these. VideForex offers three types of trading accounts namely Bronze, Silver, and Gold. The minimum deposit for the Bronze account is $250 while that of Silver and Gold is $1000 and $3000 respectively.
- The broker also offers promotions and bonuses, 24/7 video chat and several funding methods.
- Clients simply need to decide whether the price of an underlying asset will rise or fall.
- Videforex offers 24/7 trading on popular markets, including forex, commodities, and cryptocurrencies.
VideForex is one of the first brokerage service providers in the industry to implement the video chat feature. Traders report having had a great videforex.com time interacting with the broker through this feature. VideForex is a new brokerage company that offers Forex and CFDs alongside binary options and other products. The Scotland-based broker was launched in 2017 and is a subsidiary of the Financial Group Corp (FGC). While FGC owns the rights to the VideForex brand, the broker operates as a separate legal entity. This effectively allows you to borrow money to strengthen your position.
Videforex vs Other Brokers
Traders can choose from Tick, Candlestick, and TradingView charts, allowing flexibility in market analysis and strategy execution. The broker offers well-known indicators and oscillators such as Moving Averages, Bollinger Bands, MACD, RSI, and many more. By clicking on the trading symbol you will see a list of tradable instruments on Videforex broker. No traders from the United States are unable to open an account and trade with Videforex. Brokers in this location do not have to adhere to any financial regulation so we recommend caution before making a deposit.
Processing times may vary depending on the method and network involved. TradingFinder.com assumes no responsibility for any potential losses or damages. Past results are no guarantee of future success, so make your financial and investment decisions with utmost care. You can use the “Add Funds” and “Withdraw” options to transfer money. While the drawing tools available on candlestick chart are adequate it might not be the best option for master technical analysts. If you need to access drawing tools, click on the option next to indicators to draw trend line, vertical line, arrow, horizontal line, and more.