This makes Videforex a strong contender for newbie day traders or those that want live support a few clicks away. VideForex https://traderoom.info/videforex-a-reliable-broker/ has managed to acquire close to 5500 active users since its launch in 2017, with a monthly transaction volume of close to $5 million. VideForex should offer more clarity for its traders, and we expect the company to update the information at the earliest.
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But if you are a beginner, you must stop yourself from depositing high initial amounts by choosing the Bronze account. Whether new to the trading world or not, read this article to get an in-depth insight into Videforex and its features. People who write reviews have ownership to edit or delete them at any time, and they’ll be displayed as long as an account is active. Investing.co.uk has been helping British traders find the right broker for over 20 years.
You can quickly initiate trades from anywhere using the mobile version of Videforex. You can also keep yourself updated with the latest trends in the market with real-time feeds. Despite the number of features and benefits, Videforex has some drawbacks. You must carefully check those drawbacks before getting registered with this trading platform. Registration is required before demo account credentials are provided.
You can access the platform as it is not regulated by authority, and it is quite risky to use it. Upon creating an account, VideForex will welcome you with a promo code that you can use to get three to five risk-free trades. However, not all promo codes entitle clients to the same bonus. They usually expire after 45 minutes or an hour, depending on the time limit given to you. Make sure to read VideForex’s terms and conditions before you use their promo code. A trading bonus of 20 %, 50%, or 100% will be granted to users depending on their account type.
- A requirement for a deposit before a test drive is not a good sign.
- For instance, traders can participate in the global markets by trading over 15 forex currency pairs, 9 commodities, over 80 stocks, and 13 market indices.
- All three account types support trading in both binary options and forex/CFDs, with the broker’s full selection of underlying assets.
- When we used Videforex, we found there is a commission for opening an unleveraged cryptocurrency CFD position.
- In addition, to guarantee, traders require login details to track their performances.
- Funds will be credited to the account instantly, but it is worth mentioning that you might need to wait a little longer if you deposit during weekends or public holidays.
Videforex review and test for traders: Is it a scam or not?
A 20% trading bonus is also granted to Bronze account holders. This broker definitely has some impressive capabilities under the hood. First of all, being, able to access my full account details and transaction history on my phone is incredibly convenient.
- 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.
- From our experience, we can say that VideForex is highly regulated and safe.
- Firstly, you need to create an account on the Videforex app by furnishing some basic details.
- Simply share your link with a friend, and you can get 20% of the amount that they deposit.
Once you register and deposit funds, you can start trading with VideForex. With all the asset classes available, as well as bonuses and promo codes, VideForex can be considered a good broker, depending on how you define it. In conclusion, if you are careful and know how to manage your funds properly, VideForex can help you increase your profit. Every now and then, they post promo codes on their Twitter or Instagram account, and they even give away codes as soon as you create an account. The trading contest also encourages clients to be more active in the trading scene, and the referral links give additional bonuses to you and your friend. Winners are chosen based on the number of trades executed each week.
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. Customer support appears to only be available via live chat, which in turn is only available for registered users. No working hours, phone numbers, or email addresses to customer support is mentioned on this broker’s website. With 4 out of 5 possible stars, VideForex performs well as a binary broker. With over 117 assets available, a solid first deposit bonus and reputable regulation, you can’t go wrong by using this platform.
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. All in all, Videforex has a few shining features, although these have a mixed audience, based on our Videforex review above. There are no additional details regarding this tool on the broker’s website, so we’re going to assume that it is built into the trading platform as standard. Silver and Gold account holders are provided with access to a web session “Master Class” that presumably teaches how to trade Forex. Again, no additional details were provided about how or when to access this class.
Regarding payment methods, Videforex does not charge extra fees in the case of digital currency deposits, but there is a 5% transfer fee for Visa and MasterCard payments. This payment structure also applies when you want to withdraw money, and the withdrawal request for your own money is guaranteed in one hour. Videforex does not provide access to any popular platforms like MetaTrader. It has a proprietary financial trading software whose main advantage is the Copy Trading tool.
Videforex Review: A Detailed Overview of the Online Trading Platform
Also, the fee charged on trading leveraged assets is higher than the fee charged on un-leveraged assets. For example, on un-leveraged CFD assets, Videforex levies a fee of around 1 – 2.5% of the transaction. Moreover, the platform comes loaded with all necessary charting attributes to help traders perform technical analysis using charts, indicators, and time frames.
If you would like to add details to this online Videforex or you find inaccurate details Videforex broker review please get in touch with us and the changes will be applied. 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. The website suspiciously offers big bonuses for signing up and claims you can make 95% profit in just 60 seconds.
Videforex offers the use of its own proprietary trading platform through which trades can be executed. Multi-asset trading strategies are possible on Videforex, including CFD trading, leveraged trading on minor and exotic pairs, day trading forex and other assets, stock trading, and others. 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. One aspect that makes Videforex stand out from the crowd is customer support. It is one of the very few brokers that provide 24/5 live video chat.
Videforex Review 2024
The confusing information provided on its website also points to the bewildering fact that the company has yet to make a complete switch to the FX/CFD market. The last account type, i.e., the Gold account, is for professional traders who want to build a significant career in binary options trading. So, if you are serious about trading, you must choose this account by paying a minimum initial deposit of $3000. 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. Upon going to the VideForex website you are greeted by a friendly live support representative that you can see and interact with.
