The brokerage is owned and operated by Vide Projects Ltd which is a division of Financial Group Corp, an international financial services company who owns numerous online trading brokerages. The VideForex trading brokerage was founded in 2016 and is based offshore in the Seychelles. 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.
Does Videforex Have An Inactivity Fee?
- See below, our in-depth review of the VideForex online trading brokerage and decide if they’re the right broker for you.
- Traders are urged to take caution when brokers make such statements.
- There is no information pertaining to the spreads that can be expected when trading with Videforex.
- Whereas numerous brokers offer Bank Wire Transfer, Videforex does not support this payment method, which is one of the most secure and reliable methods.
- Videforex only offers its own proprietary trading platform on the web and mobile.
And the real-time pricing data is clutch for making informed trades on-the-go. However, the app’s interface really lets it down in terms of user experience. The design feels quite dated and unintuitive compared to other trading platforms I’ve used.
Education refers to all the learning material and tools offered by brokers which is imperative for traders in their trading activities, especially beginners. It provides traders with the necessary knowledge that they will need to become successful traders. Commissions are charged on certain instruments, often when traders are offered with variable or floating spreads, as the percentage charged counts towards the broker’s fee for their services. Brokers who are Market Makers, or who offer fixed spreads, often offer commission-free trading.
To avoid this charge, be sure that you do enter https://forexanalytics.info/ into a least one position monthly. Note, there are no third-party platforms such as MetaTrader 4 or 5. Above all, our experts assess whether a broker is trustworthy, taking into account their regulatory credentials, account safeguards, and reputation in the industry.
The platform keeps things very simple and features everything a trader needs to competently trade CFDs and binary options. The platform comes complete with a basic charting package where traders can conduct basic technical analysis with a few key technical indicators, time frames, and chart types. No download is required as trading is available via all major web browsers. However, while the platform is touted as suitable for both new and experienced traders, we found that sophisticated and advanced tools were lacking. In particular, there are very few technical features that are common on competitor platforms, such as charting tools and indicators. To evaluate brokers, we test the accounts, trading tools and services provided.
Mobile Trading
After position is closed, investment will be returned back to your balance. Videforex warns potential customers that Forex and CFDs trading carries a high risk and may not be suitable for all investors. Traders are urged to take caution when dealing with such brokers as they may be scams and traders are further urged to ensure that they conduct thorough research to ensure the legitimacy of brokers. This involves the trading of gold, silver, and other precious metals as hard commodities that are contract-based tradable.
As someone who doesn’t use MetaTrader, I was hoping for a more modern UI. However, it’s a solid option despite the clunky interface, if you can look past the outdated design. There are three account types to choose from, including Bronze, Silver, and Gold. Each of the three offers their own set of features, but the shared features of the three include 247 support, 1-hour withdrawals, free demo accounts, and the provision of a copy trading tool. After that, there are some variances between the account types, so we’ve listed all of the features of each below. By offering options across these markets, Videforex enables traders to enjoy flexibility and diversity, allowing them to speculate on market movements while controlling their risk and reward.
Alternative Brokers
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 is an online broker that provides access to various markets through binary options and CFDs. The broker has a proprietary web-based platform that features live video chat support and copy trading. Videforex also offers attractive bonuses, fast withdrawals, and trading contests for its clients. However, the broker is not regulated by any reputable day trading strategies authority and has high spreads and commissions compared to other brokers. All accounts feature 24/7 live video chat support, copy trading tools, and fast withdrawals.
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. Traders, despite their trading experience and investment size, should be provided with the same benefits. Below is an in-depth review of Videforex to help you make an informed decision before opening your account or trading on their platform. 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. This comprehensive approach allows us to recommend the best brokers for different experience levels, trading styles and budgets.
Therefore, it is important to weigh the pros and cons of trading with Videforex before making a decision. Additionally, there are other brokers with longer track records that might be worth considering as alternative options. For more choices, we recommend you to check out our trading broker reviews. Videforex is an online broker that offers forex and binary options trading on a variety of assets, such as currencies, stocks, indices, commodities, and cryptocurrencies. The broker was launched in 2017 and is operated by Vide Projects Ltd, a company registered in Seychelles.
In conclusion, Videforex is an online broker that offers forex and binary options trading on a variety of markets, such as currencies, stocks, indices, commodities, and cryptocurrencies. The broker provides a user-friendly and innovative trading platform that features live video chat support 24/7. Videforex also offers various tools, education, and account types to suit different trading styles and preferences. The broker claims to provide fast and secure funding and withdrawal methods, as well as guaranteed withdrawal processing within one hour. However, Videforex is not regulated by any reputable authority, which raises some concerns about its credibility and safety.
See below, our in-depth review of the VideForex online trading brokerage and decide if they’re the right broker for you. We offer impartial reviews of online brokers that are hand-written, edited and fact-checked by our research team, which spends thousands of hours each year assessing trading platforms. The platform’s commitment to processing withdrawals promptly within an hour is commendable, reflecting its understanding of traders’ needs for efficient liquidity management. Direct deposit and withdrawal options streamline operations, despite the absence of MetaTrader support. Videforex does not offer a wide variety of payment methods that can be used to make deposits and withdrawals.
For instance, you have $1000 on your balance and you open several positions. In case your total floating profit/loss will reach -$950 (5% from free funds + opened positions margin), you margin call will be triggered. There is no indication that Videforex offers the option for a demo account. To win a prize, traders are required to activate the giveaway in the ‘My Promotions’ section after funding their trading accounts.
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