Videforex provides tremendous bang for buck by offering their full-featured proprietary trading platform across web and mobile apps completely free. However, the lack of integration with industry-standard MT4 and MT5 platforms is a drawback since many pros rely on those for automated trading. But their proprietary software capably covers all my research, analysis and execution needs at zero cost. To evaluate brokers, we test the accounts, trading tools videforex reviews and services provided.
- Traders also get a chance to use unique tools that increase their chances of winning a trade.
- Their charts are powered by TradingView, the leading application for all your charting needs.
- It shows that the company is trying its best to offer the traders the most premium facilities.
- I think the people in charge should look into integrating Metatrader.
- This company is a scam, as I have been trying to withdraw my money from since 27th November 2024.
Limited trading tools
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You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. Opinions, market data, and recommendations are subject to change at any time. The website claims 95% profits in 60 seconds and obscene sign-up incentives. Videforex’s lack of financial authority regulation should always raise a red signal when picking a trustworthy broker.
For instance, should there be a 1% margin requirement on a position of $1,000,000, the trader must cover a margin requirement amount of $10,000. The margin requirement must be equal to or more than 100% for the position to be opened. In most instances, such a statement is a red flag and may bring the legitimacy of the broker into question. Traders are urged to take caution when brokers make such statements. Videforex was founded in 2016 and is headquartered in Seychelles. Videforex is operated by Involva Corp. which is based in the Marshall Islands.
In summary, Videforex has established an effective support and customer service system to ensure that you have all the necessary tools and assistance to excel in your trading endeavours. Their live video chat support and personal success manager work hand-in-hand to create a seamless experience for you as you explore the world of crypto, forex, and binary options trading. On the in-house trading platform, traders can choose from more than 100 instruments, ranging from forex trading to binary options. Other assets include commodities, stocks, and cryptocurrencies.
Free demo account for beginners
As with any trading platform, it’s essential to weigh the pros and cons and ensure that the platform meets your individual needs before investing. Videforex has quite an average offering compared to many other online brokers. The costs are quite high, unlike GKFX – which not only comes with lower spreads but has no minimum deposit while offering trading account options for all types of traders.
Other Trading Fees
The interfaces seem less intuitive compared to some competitors. A prominent feature of all FGC brokers is that they process all of their clients’ withdrawals within an hour of a withdrawal request. The average withdrawal time for VideForex is 54 minutes, which is quicker than a majority of brokers.
This feature allows you to practise your trading skills and test out strategies with virtual funds, giving you the confidence to venture into live trading when you’re ready. Unlike traditional forex brokers, Videforex focuses primarily on binary options and CFDs, so leverage is not as prominent a feature as it is with other platforms. For a brokerage that has been in operation for a while now, you’d expect the site to offer a lot more information. Obviously, lack of information doesn’t mean that there is a VideForex scam going on. We’d just prefer to see key details presented front and center.
- Opinions, market data, and recommendations are subject to change at any time.
- This can be useful, but it is essential to discern what the conditions are in order to benefit from the bonus.
- The brokerage provider specialises in forex, CFDs, and options trading, giving you access to a wide range of financial instruments.
- For example, if the fees of un-leveraged assets are between 1-2.5%, the fees for leveraged assets could be 5%.
- Videforex does not provide access to any popular platforms like MetaTrader.
Choose country
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. All support methods are very quick to respond and are very friendly, helpful and informative with their responses. Additional methods of support include the websites extensive FAQ page and contact via VideForex’s social media channels. VideForex’s demo account entitles all registered clients full access to its features and services.
Trading Contests
I just want to focus and trade but feel like they’re often trying to distract me with gimmicks. Like they’ve added this pool feature where you trade against other traders and payouts can be 1500%!!!! 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 access to cryptocurrency pairings and fixed return options. Remember to always check the terms and conditions of any bonus or promotion to fully understand the requirements and any potential restrictions.
Standard Accounts
Opening a trading account on the Videforex platform is super easy. All you need to do is to furnish your personal details, which requires hardly a few minutes. Once all details are completed, you will access your account and the necessary trading tools. Next, you need to head to the navigation tab to meet registration requirements. Even though Videforex does not charge the lowest fee, it does not mean that it is exorbitantly expensive.
VideForex Broker Details
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. We also use different external services like Google Webfonts, Google Maps, and external Video providers. Since these providers may collect personal data like your IP address we allow you to block them here.
VideForex is a broker that specializes in forex, CFD, and options trading. With over 100 assets available, clients gain a broader exposure to the market, and this can help diversify their portfolios. This broker’s platform is available on any device, which allows both newbie and professional traders to access it anytime, anywhere.
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