Videforex is an online trading broker based in Seychelles which offers the trade in a variety of Options and CFD instruments to traders from around the world. The platform is laced with essential charting and order features to help you monitor real-time price movements. The ultimate aim is to keep users updated with related data in a timely manner. A broker may offer good conditions to traders, but if it is not regulated, there is always videforex review risk involved. Therefore, we advise you to choose a regulated and secure broker.
A demo account provides you with a risk-free environment to try your hands on trading strategies, broker’s offerings, and potential risks using virtual capital. Alternatively, a live trading account is for experienced individuals who can analyze risks and execute accurate trades while keeping their real capital stake. There are three account types that clients can choose from, Bronze, Silver, and Gold. Each of these accounts has its own perks and minimum deposits.
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. In terms of underlying assets that are available for trading at Videforex, there is a wide selection to choose from. On offer are 80 different types of stocks, 15 currency pairs, 9 types of commodities and 13 types of market indices. We were pleasantly surprised that a new broker such as Videforex was able to offer such a wide diversity in terms of their trading assets.
VideForex Regulatory Data & Company Specs
Clients can access 100+ assets on their proprietary trading software. Our Videforex broker review will cover their UK account registration and login process, spread offering and minimum deposit requirements. Plus, we dive into their platform and mobile app to review their key features.
Videforex review and test for traders: Is it a scam or not?
These often depend on numerous factors including the spread, commissions, and margin requirements. Trade as and when you want – throughout the year, even on weekends. This is the best option for traders who are often too busy and need to fit their schedules according to their needs.
- As an active trader, I have all the advanced tools I need, like streaming data feeds, customizable charting indicators, intuitive order assistants and more, without any recurring monthly fees.
- In terms of trading costs, Videforex is also quite an expensive option.
- Considering the rapid increase in online frauds and scams, selecting a broker who ensures the privacy to your confidential data is of utmost importance.
- This charge can be perceived as a trading fee that you pay to the broker for extending trading services through their platform.
Free demo account for beginners
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. There is no information regarding the commissions which are charged when trading with Videforex. There is a banner on the homepage which claims regulation, but there is no regulation indicated on the website. 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. According to the Videforex website, there are a number of bonuses and promotions. Finding a reputable Videforex review local or worldwide can be a difficult process, especially finding a complete list from a trustworthy reputable source.
What is the maximum leverage offered by VideForex?
Measuring tools can be found here as well and will be used if you want to measure your risk or probable gain. Furthermore, tools can be found on the bar on the left of your charting software. These tools will allow you to draw patterns and mark significant price points that you can use for your trades. It’s a simple chart but is effective when used since it also features a gauge for the demand of puts and calls for an asset. This could be used as a guide to know if you’re going with the trend of a trade or against it. Investing.co.uk has been helping British traders find the right broker for over 20 years.
Account Types
There are video tutorials on how to use the platform so their clients can easily execute trades and navigate their way through the broker’s system. 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.
- However, the lack of regulation and limited educational resources may be a concern for some traders.
- Videforex is an accessible trading platform for those looking to dive into the world of binary options and CFD trading.
- Once an asset is selected, we suggest looking at its historical price first and do your research on this certain asset.
- VideForex faces various challenges in the highly competitive industry, where traders have access to some of the best brokerages and service providers to trade Forex and CFD products.
- Videforex aims to provide users with a simple, accessible, and intuitive trading environment.
They need to take down that lie on their site that says “withdrawals in 1hr” It’s a LIE!!! 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. 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. It will take liquidity and external markets for the underlying financial instrument into account.
VideForex withdrawals are processed within 2 hours, and besides all of that, VideForex binary offers three deposit bonuses 20, 50, and 100%. Regulation plays a vital role in ensuring that companies adhere to strict protocols and financial transparency for providing a trusted brokerage service. In the case of VideForex, we are afraid that the broker belongs to the latter. VideForex is a Seychelles-based Forex broker that is owned by Vide Projects Ltd., a standalone company that is operated by the Finance Group Corp. The Finance Group Corp., also known as the FGC, is predominantly a financial company dealing in different binary options properties and has its registered office in Vanuatu, another tax haven.