Videforex Review Should You Use This Trading Platform?

Some of the popular options are Crypto, Credit/debit cards, Dash, Ethereum, Litecoin, Perfect Money. For the benefit of beginner traders, Videforex has also provided them with an educational section that comes with streaming video lessons. These video lessons cover trading basics which are designed to give beginner traders a footing on how to trade binaries. Withdrawal of funds at Videforex can be done through bank wire transfer, major credit cards and eWallets. For withdrawal through bank wire transfer, a $50 fee will be imposed by Videforex.

Accounts

Our review of Videforex was disappointed to see limited additional resources for traders. A basic trading tutorial is published on the broker’s website, topics include how to trade CFDs and how to trade binary options. However, there is no economic calendar, live market news streams, or trading updates which are provided by most good brokers. For VIP traders, Videforex has made available the Gold trading account. The Gold account requires a minimum deposit to open and comes with additional benefits such as 100% deposit bonus and the attention of a personal success manager.

• Please check with your regulator authority first before you sign up with a broker.
• However, you will have to conduct independent research and potentially use auxiliary services and software to conduct analysis, as Videforex does not provide any market insights or guidance.
• Leveraged products, such as Forex, increases the potential profits of the trader, but it also increases the risks and subsequent losses that the trader may incur.

Commodities and CFDs:

Moreover, its compatibility with different devices further adds to the convenience. The financial products offered by the promoted companies carry a high level of risk and can result in the loss of all your funds. All ways of depositing are fast, except for Perfect Money, which requires an hour.

Does Videforex offers copy trading?

Then, when you are confident, you can start putting real capital on the line. The Videforex mobile app is a user-friendly trading solution for Android devices. It offers a full suite of tools and features and is a good supplement or alternative to the desktop solution. 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.

There are 80 multiple types of stocks, 15 different currency pairings, nine different commodities, 13 different market indexes as well as for cryptocurrencies available on the site. Over the past five years, he has gained experience trading currencies, stocks, options, and futures. Theo’s trading experience led him to test out over one hundred different trading services and he shares his insights in reviews to help other traders. Also, veteran traders may not be hyped about the lack of analysis tools and overall simplicity of the trading platform.

However, the broker is not regulated by any reputable authority and has high spreads and commissions compared to other brokers. For once, here is a broker that literally greets you when you log on to your trading account at Videforex. Established in 2016, Videforex is regarded as a new entrant to the binary options trading industry. Despite being the new kid on the block, this broker has been garnering a considerable amount of attention for the online trading community. You might be curious as to why a new broker is able to  draw so much attention from the traders. Here it is, Videforex is the first binary options broker that has decided to incorporate a live video feed system for the customer support service is one of these reasons.

Asset classes and trading offers of VideForex

VideForex should offer more clarity for its traders, and we expect the company to update the information at the earliest. VIDEFOREX is a forex, CFD, and options broker based in the United Kingdom. This broker’s platform is accessible from any device, allowing both beginner and experienced traders to use it at any time and from any location. VIDEFOREX already has over 3,000 customers from all around the world. They also tout a trading volume of over $59 million as well as a total of $ in trader pay-outs. Yes, Videforex offers a 20% bonus on bronze trading accounts, 50% for Silver, and 100% for gold accounts.

How long is the demo account valid?

• Yes, Videforex offers a 20% bonus on bronze trading accounts, 50% for Silver, and 100% for gold accounts.
• This amount is often lowered substantially when leverage is applied.
• An added perk for Silver accounts is the client’s first three trades are risk-free.
• A customer representative will get in touch with you via email once they have processed your form.
• Traders should select GBP as the base currency when creating an account.

Free demo accounts are available and with this broker, we truly advise that you create one, even if you are an experienced Forex trader. The reason for this recommendation is the fact that far too little trade-related information is provided on the VideForex website. Videforex may be more suitable for experienced and successful traders, thanks to the high minimum deposit, and lack of education and guidance. I like the real time price feed this broker provides because it is so smooth for executing my scalping strategies. I heard Videforex sources top-tier liquidity providers, and I don’t doubt it. No wonder they provide tight spreads and fast execution across assets.

This trading broker is owned and operated by Vide Projects Ltd. Our over 15 years of experience in financial markets and high technical knowledge aid in precise and timely identifications. Our independence from brokers and the companies we introduce, our commitment to maximum transparency, and our extensive experience in financial markets contribute to our ranking criteria. 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.

Account types available on Videforex

The minimum deposit requirement for the Silver account is higher at $1000. As a silver trading account holder, you will be entitled to a 50% deposit videforex review bonus once you have funded your trading account. Apart from the higher deposit bonus, silver account holders can also receive extra perks such as “3 Risk Free Trades” and a trading tutorial called “Master Class”. Videforex has quite an average offering compared to many other online brokers.

As such, Videforex is a complete package that simplifies trading while helping you improve your overall performance. VideForex’s mobile application functions the same way as its web-based platform. Here, you can trade all the available assets and even withdraw and deposit at a click of a button. This makes it convenient, especially for clients who don’t have the time to sit in front of a computer all day. The asset classes as CFDs offered by VideForex are currencies, commodities, crypto, indices, and stocks.

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It is worth noting that not all traders offer you this flexibility. You can trade binary options, CFDs, and Forex as per your suitability. This is the perfect option for traders with varying schedules and time scarcity.

Hence, using Videforex’s practice account is one of the best ways to maximize your profit-earning potential. It is worth noting that despite being new to the market, Videforex offers an expansive range of asset classes to trade on. With this, it is clearly evident that the company is trying its best to gain a strong foothold in the competitive Forex and binary options trading industry. All-in-all, when it comes to financial assets, Videforex is a standout option.