Therefore, clients should carefully consider their trading goals and needs before choosing an account type. Videforex is one of those brokers that does not have any form of regulation. 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 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. Videforex offers retail clients trading opportunities via their proprietary web trader and mobile application platform.
How To Trade
The broker does not charge an account funding fee, however, third-party fees may apply. UK clients can utilise the below deposit methods, with instant processing and no deposit fees. Videforex has tempting weekly contests, promo codes, a bespoke trading platform, plus live video support.
Deposits & Withdrawals
Nonetheless, VideForex does not offer extra educational resources such as trading signals and trending market news. VideForex offers fixed spreads with the average for the EUR/USD pair currently standing at two pips. To get the best possible experience please use the latest version of Chrome, Firefox, Safari, or Microsoft Edge to view this website. The firm also claims to have invested in a high-tech system for data protection. However, there is no evidence of negative balance protection or other fund protection policies normally seen in brokerages registered with the CySEC or FCA. Simply share your link with a friend, and you can get 20% of the amount that they deposit.
Trading conditions for users
Demo accounts are a great way to become familiar with the platform and to test trading strategies risk-free. The minimum amount for withdrawals is $50 or equivalent currency. Fast processing times is available for all payment methods, and are guaranteed within 1 hour. 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. Videforex offers an integrated copy trading service where users can automatically or manually replicate the positions of other traders.
The minimum deposit for the Bronze account is $250 while that of Silver and Gold is $1000 and $3000 respectively. The most basic forms of forex trades are long and short trades, https://forex-review.net/ with the price changes reported as pips, points, and ticks. In a long trade, the trader is betting that the currency price will increase and that they can profit from it.
In terms of forex markets, trading is far more common due to the market’s high degree of leverage, liquidity, and 24-hour accessibility. Forex traders typically engage in shorter-term strategies, attempting to capitalize on frequent price fluctuations in currency pairs. Investing and trading are two distinct approaches to participating in financial markets, each with different goals and strategies.
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. Essentially, you open an account and deposit your money on the web-based platform, then you can choose whose trades to copy. 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. However, having tested it, we can state that this is not how it works. The same video seems to be played along with each live chat and to be quite honest, we found it to be quite comical.
VideForex’s Silver account entitles users to the same features granted to Bronze account holders, but they also gain access to a master class, which is a web session, and a 50% bonus. With the minimum deposit of $1,000 plus the 50% bonus, your total funds would be $1,500. One of the reasons the broker applies that was because many spammers can invade VideForex. 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.
The website claims that they are regulated, but there is no evidence to back this claim. It’s best if you exercise caution when trading with this broker. Further chart customizations can also be made for its style, scales, background, and timezone to fit your preferences. Charting for CFD’s and forex will be in Candlesticks https://broker-review.org/instaforex/ and can be further customized into Bars, Candles, Hollow Candles, Heikin Ashi, Line, or Area charts. Time intervals for charts can also be changed into five different time frames, which are 1m, 5m, 15m, one h, and 1d. You can switch between candlestick charts (from tradingview.com) and normal line charts.
- They offer three types of accounts- Gold, Silver, and Bronze.
- In the futures market, futures contracts are bought and sold based on a standard size and settlement date on public commodities markets, such as the Chicago Mercantile Exchange (CME).
- New clients are asked to submit an initial deposit in the amount of $250.
- Traders also get a chance to use unique tools that increase their chances of winning a trade.
- One of the best features of Videforex is the weekly contests.
Videforex has a dedicated mobile app that traders can use to access trading services quickly. One impressive thing about using this trading broker is its wide outreach. Besides the USA, Videforex offers its amazing trading services to traders worldwide. Videforex has a plethora of benefits xm group review along with impressive features. Even though you are a day trader, CFD trader, or binary options trader, you can choose Videforex for a successful career. This trading broker is designed in a way that it can correctly meet the needs of investors and traders present at all levels.
There is no registration fee, and as soon as you sign up and make your first trade, you will automatically be a part of the contest. The top four traders get $20,000, while the rest get trading bonuses or gadgets. Lastly, to open a Gold account, a minimum deposit of $3,000 is required. Despite offering a lot of assets to choose from, VideForex goes the extra mile to let its clients copy trade their other successful clients. Beginners and those that are interested in passive investing may use this feature so that their capital will be put to good use.
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. Although adding funds through Bitcoin, Altcoin, and Ethereum won’t require you to pay additional fees, Visa and MasterCard transfers have a 5% fee. After setting your order type, you should set the corresponding expiry time and date of your option. Subsequently, you could turn on VideForex’s Fix Time mode to properly time your trades. Turbo allows clients to set trades that expire within the next 30 minutes, while Intraday orders expire when the day ends. On the other hand, clients may choose to execute Long Term positions that expire within the next month.
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. Please be aware that this might heavily reduce the functionality and appearance of our site. Once you register and deposit funds, you can start trading with VideForex. In conclusion, if you are careful and know how to manage your funds properly, VideForex can help you increase your profit.
Launched in 2017, Videforex offers access to stock, index, crypto, forex and commodities markets via binary options and CFDs. Clients can deposit and withdraw in 60 seconds, manage portfolios in a few clicks and view live charts of all available assets. The platform also provides instant order executions, detailed trading history and built-in live video chat support. In addition, the browser-based solution comes with a selection of technical indicators and an intuitive market insights tool.
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. Compared to so many other brokers online, Videforex is quite high-priced for all of its online trading accounts. This provides access to the Bronze account features, which include a bonus of 20%, a Copy Trading tool, and a demo account.
As an advanced trading tool, it deprives traders of the opportunity to augment their trading capabilities. In terms of trading costs, Videforex is also quite an expensive option. For instance, there is an average spread of 1.5 pips, and an account fee of $1 for forex trading. For CFD trading, the spread is variable and based on market conditions. New clients are asked to submit an initial deposit in the amount of $250.