Trading Platform
Registration is required before demo account credentials are provided. 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.
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. The funds will be available for trading immediately, once we receive a confirmation from payment system. 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. 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.
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. 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.
Access to comprehensive trade data and…
Over 100 data points are considered, from minimum deposits and trading fees to the platforms and apps available. Our broker ratings are also informed by the experience of our researchers during the evaluation process. The broker’s binary options offer payouts of between 20% (cryptos) and 98% (OTC currency pairs). 2023 also saw Videforex expand its suite of OTC assets with payouts up to 95% and trading opportunities on popular global markets.
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.
Does Videforex Have An Inactivity Fee?
The broker is operated by Vide Projects Ltd, a company registered in Seychelles, an offshore jurisdiction that does not regulate forex or binary options trading. This means that Videforex is https://forexanalytics.info/ not subject to any audits, inspections, or compliance checks by any authority. It also means that the broker can set its own terms and conditions, fees, and policies without any transparency or disclosure. The broker’s complete range of assets is available, from cryptos and stocks to binary options and forex. In addition, users can view their trading history, make deposits and withdrawals, and execute orders at the click of a button. Videforex offers binary options and leveraged CFDs on major, minor and exotic currency pairs, a dozen cryptos including Bitcoin, plus commodities like gold.
There is no information pertaining to the spreads an introduction to forex technical analysis that can be expected when trading with Videforex. There is only a FAQ section with a few questions and their respective answers, although no other insight is truly provided. Bitcoin (BTC) is the digital currency with the largest market capitalization and price levels and dominates 50% of the total crypto market cap. According to the Videforex website, there are a number of bonuses and promotions. The platform charges a swap fee of 0.07% of the face value of the position to hold a position overnight.
Ethereum (ETH) is the second-largest cryptocurrency after Bitcoin and allows developers to create smart contracts on a platform. The high volatility of energy prices due to political, environmental, and several other factors, is a typical feature of this product, making it a popular trading choice. Equity or stock indices can represent a specific set of the largest companies of a nation or they can represent a specific stock market. It is actual stock market indexes that measure the value of a specific section of a stock market. Apart from this information, there is no other information on the terms and conditions of the referral bonus. In most instances, such a statement is a red flag and may bring the legitimacy of the broker into question.
We have over 20 years of experience when it comes to trading online so we know what to look for. I like that the potential returns at Videforex are higher than binary platforms I’ve tried in the past. But to get a decent welcome bonus you really need at least a Silver account which needs a $1000 deposit and more than I could afford. The platform itself is super easy to use, even for beginners like me.
Videforex’s ongoing enhancements, including the addition of candlestick charts for technical analysis, further enrich the user experience. Whether you’re day trading forex, CFDs, or binary options, the bonus requirements are the same. This effectively allows you to borrow money to strengthen your position. Videforex only offers its own proprietary trading platform on the web and mobile.
- We understand the struggle and importance of choosing the right trading brokerage, which is why we have compiled numerous in-depth reviews of viable online trading brokerages.
- On a positive note, the organization has implemented 24/7 live video chat support that is excellent.
- This depends on the payment method uses and can be anything from an instant withdrawal or it may take up to several days, as the case may be with bank transfers.
- This 2024 review of Videforex unpacks the broker’s accounts, fees, promo codes, and mobile app.
How To Trade
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. Videforex warns that margin trading involves the potential for profit as well as the risk of loss. The Homepage features a Live chat which offers the option for a group or a private chat but when selecting the option, it merely redirects to the option to open an account. Upon exploration of the Videforex website, there is no information provided with regards to spreads or commissions that are charged.
Furthermore, there is no way to verify the legitimacy, credibility, or reputation of the broker. Since its launch in 2017, the popularity of the CFD, forex, and binary options broker has grown. 4000+ client accounts have been opened and the brokerage has processed close to $500,000 in withdrawals. Unlike other brokers that deduct monthly software fees from earnings, Videforex preserves all profits. This advantage helps maximize returns and supports growth in my modest trading account, significantly boosting my trading career.
An inactivity fee of $10 per month applies if clients do not complete at least one trade in this time. This includes an economic calendar, market news and technical analysis. Easy to digest for beginners, these can help investors find opportunities and time trades.
