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VIDEFOREX Review 2023: Why its Making Waves in the Industry?

what is videforex

This app is completely free, and you can get it on the Google Play Store for Android and the Apple App Store for iPhone. The VIDEFOREX trading platform is designed to the objectives of investors and traders of all levels from across the globe. Nonetheless, this worldwide brokerage firm’s services are banned in the United States and a few Asian and European areas. On tradable assets, VideForex customers have access to over 160 assets.

After that, there are some variances between the account types, so we’ve listed all of the features of each below. Like other trading platforms, ndax review Videforex also offers different trading account types to its users. Each trading account has a different minimum deposit amount and features.

  1. A requirement of a $1 investment is very reasonable and no cause for concern.
  2. Videforex offers services in multiple countries and supports different payment methods.
  3. You may set a certain investment amount with any of the top traders and wait until you are pleased with your profit.
  4. This trading platform offers a 100% deposit bonus on the first deposit.
  5. However, the spread can vary depending on multiple factors, including liquidity, external market factors, or instruments.

It’s worth noting this means Videforex is not regulated by CFTC, like most US brokers, which is why you can’t partake in day trading with Videforex if you are from the USA. This effectively allows you to borrow money to strengthen your position. Importantly, it can significantly increase your profit potential. A minimum deposit of $3000 is required to qualify for the Gold account. A minimum deposit of $250 is required to qualify for the Bronze account.

Trading Contests

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. Aside from these two extras, it would seem the only other tools would be those within the trading platform. Videforex has tempting weekly contests, promo codes, a bespoke trading platform, plus live video support.

Videoforex’s commitment to providing a seamless trading experience is evident in their real-time price feeds and the ability to process withdrawals within an hour. As a trader who values quick access to my funds, this is a significant benefit. The 24/7 live video chat support adds an additional layer of confidence, knowing that I can get help at any hour. The app’s direct deposit and withdrawal functionality has also streamlined my trading process.

Videforex mobile app

Accounts without a bonus must achieve a 100% turnover on the initial deposited amount before a withdrawal is permitted. Accounts with a bonus are subject to a 300% turnover cap before a withdrawal is allowed. PerfectMoney is available with up to 1 hour processing time and no fee.

what is videforex

VideForex is an offshore FX broker that has been in operation since 2017. Based in Seychelles, this broker operates as part of the Vanuatu-based Finance Group Corporation. Traders can use the demo trading account to get real-life trading experience and market knowledge. The demo account by Videforex gets activated after you fund your real trading account with the minimum deposit amount. Videforex offers services in multiple countries and supports different payment methods. It is done so traders can quickly initiate a trade from any part of the world.

Videforex is regulated byNone.A regulated broker equals a more responsible trading environment. Most brokers have this requirement set in lots (or micro lots), so the answer was surprising, but not alarming. A requirement xtb forex broker of a $1 investment is very reasonable and no cause for concern. It allows traders to fund their accounts from any part of the world. Registration is required before demo account credentials are provided.

Does Videforex Offer A Demo Account?

However, the spread can vary depending on multiple factors, including liquidity, external market factors, or instruments. This trading broker is designed in a way that it can correctly meet the needs of investors and traders present at all levels. Videforex offers its services in all the countries except the US and a few regions of Europe and Asia.

Traders who participate in the offer have a chance to win a variety of gadgets that make trading easier. The most prevalent gadgets are tablets, PCs, telephones, & smartwatches. Nonetheless, VideForex does not offer extra educational resources such as trading signals and trending market news.

What payment method does Videforex support?

Professional traders could deposit in excess of $1,000 to open a Silver account. This comes with a master class (web session) included, while the gold account features include a personal success manager, as long as you deposit more than $3,000. 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.

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However, you need to remember that leverage trading is not risk-proof. That means if you have incorrectly predicted the market, you will lose a huge amount of money. It happens because roboforex review the fees charged on leverage trading are higher than those for non-leveraged assets. Not to mention that the minimum deposit amount for CFDs, forex, and binary options are the same.

The broker offers live video chat support, which you can access directly from the homepage. This makes Videforex a strong contender for newbie day traders or those that want live support a few clicks away. 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. Also, veteran traders may not be hyped about the lack of analysis tools and overall simplicity of the trading platform. The lack of a demo account without depositing real cash and the lack of regulation are important, risky aspects to be considered before you start trading and investing money.

VideForex offers over 160 tradable assets which is average compared to a typical broker with their level of experience. If one is thinking of enlisting VideForex’s services, it would be wise to still do the legwork by researching further and not rely on a single online review. As always, there are terms and conditions surrounding bonuses, so please be sure to read through those completely prior to accepting a deposit bonus on your account. For example, if the fees of un-leveraged assets are between 1-2.5%, the fees for leveraged assets could be 5%.

The minimum deposit requirement to open a live account with Videforex is $250 or equivalent currency for the Bronze account. However, the broker is not regulated by a reputable authority and therefore UK traders deposit at their own risk. Yes, but you need to make a deposit first and contact customer support to get your demo account credentials. Not every online broker offers this, making Videforex a good fit for those with limited time or changing schedules. One of the best features of Videforex is the weekly contests. There is no entry cost, and twenty winners are listed each week.

Our beginner-friendly tutorial also explains how to place a trade on the Videforex platform. VideForex customers can trade on various assets including binary options, stocks, CFDs, forex, and cryptocurrencies. As we will see later in this review, they do not provide industry standard tools such as the MT4. However, this is not to mean that their alternatives are not good. Clients can deposit and withdraw in 60 seconds, manage portfolios in a few clicks and view live charts of all available assets.

A wide range of contract lengths are also supported from 5 seconds up to 1 month. VIDEFOREX will welcome you with a discount code that will allow you to make 3 to 5 risk-free trades. Depending on the time restriction offered to you, they normally expire after 45 minutes or an hour. Depending on their account type, users will receive a 20%, 50%, or 100% trading bonus. The bonus amount is determined by the amount you deposit initially.

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