As you can see, no one even tried to promote this project on social media, which is a clear sign of fraudulent activity on the part of the so-called “broker”. The fraudulent broker VideForex has no social media presence. Thus, at the time of writing this review, the scam broker VideForex had neither a license nor documents confirming the registration of the company to which it allegedly belongs. The footer of VideForex’s official website states that this pseudo-broker belongs to INVOLVA CORP. Like many similar companies, this scam broker promises unrealistically high payouts on its website – up to 95% in just 60 seconds – as well as generous cash prizes and gifts. The list of services includes 24/7 trading under the guidance of “experienced mentors,” including weekends.
How does VideForex Fare in Comparison With Others?
The binary broker provides access to a demo account in addition to its real accounts. Investing and trading in financial markets such as the stock exchange, forex, digital currencies in the form of spot or with leverage face a high inherent risk. Videforex also offers attractive bonuses, fast withdrawals, and trading contests for its clients.
Trading Platforms
The scammers’ website claims to be an international broker registered in the Marshall Islands, but in reality, this registration has long been revoked. We aim to help you find the best broker according to your own needs. There are no funding nor withdrawal fees applied on any of the cryptocurrencies methods, However, there is a 5% on the Visa and MasterCard deposits and withdrawals.
So, register yourself with Videforex and get your issues quickly resolved. Select your preferred method and follow the instructions to complete the deposit process. These rewards can include cashback, reduced trading fees, and other perks. Your account needs to be funded through the accepted payment method. However, it does not accept clients from the United States and certain other jurisdictions due to regulatory restrictions.
Every piece of content is carefully researched, verified by financial experts, and regularly updated to reflect the dynamic forex and binary options markets. These combined benefits make Videforex an appealing choice for traders seeking speed, flexibility, responsive support, and various trading opportunities. The platform facilitates trading of both binary options and contracts for difference (CFDs). Videforex grants traders access to a diverse array of assets across several key financial markets. Videforex offers a wide array of funding and withdrawal methods, ensuring accessibility for traders in various regions. Videforex features a three-tiered account structure tailored to meet the needs of traders with varying experience levels.
- Still, the broader trader protections – the ones that actually shield your capital when things go wrong – fall short of what regulated brokers provide.
- Each account type has its own advantages and disadvantages and requires different levels of investment and risk tolerance.
- These communities can provide additional support and advice from professionals in the field.
- You can manage your accounts in the upper right corner and switch between main or demo accounts.
- When we used Videforex, we found there is a commission for opening an unleveraged cryptocurrency CFD position.
FX-EDGE Review
The minimum deposit requirement is $250, and the minimum withdrawal amount is $50. The minimum trade size is typically 0.01 lots, and overnight fees may apply depending on the asset traded. The platform frequently updates its product offerings, with new assets being added to meet market demand. The broker claims to be licensed by the Finance Group Corp, located in Vanuatu, but this does not provide the same level of oversight as more reputable regulatory bodies such as the FCA (UK) or ASIC (Australia). The broker is operated by Involva Corp, which is registered in the Marshall Islands.
- It also offers trading on indices such as the Dow Jones 30, S&P 500, and FTSE 100.
- Entry-level account with a minimum deposit of $250 and 24/7 live chat support.
- I recommend enabling this immediately – it significantly reduces the risk of unauthorized access if someone gains access to your login credentials.
- VideForex also broadcasts trading signals in a low-key manner.
Videforex is an online trading service that offers access to binary options, forex, and CFD (Contract for Difference) trading through a proprietary platform available in web and mobile forms. Videforex provides its clients with a unique and innovative trading platform that features live video chat support 24/7. An account for beginner traders who want to learn the trading terminal and the basics of binary options trading. If you’re looking for other options to start trading with small amounts, we recommend checking out our rating of binary options brokers with minimum deposits.
This is by far the worst platform and customer service I have ever come across. They’ve added an AI Trade feature as well but gotta say I’m not confident enough yet to let a machine do ALL my analysis and trade entries/exits. I just want to focus and trade but feel like they’re often trying to distract me with gimmicks. This average customer rating is based on 6 Videforex customer reviews submitted by our visitors. Compare the markets and instruments offered by Videforex and its competitors.
Videforex Review: A Detailed Overview of the Online Trading Platform
Videforex is a trading platform established in 2017, providing access to various financial instruments including binary options, CFDs, forex, indices, commodities, and cryptocurrencies. Videforex is a trading platform that offers a range of financial assets for traders to trade, including forex, stocks, commodities, and cryptocurrencies. Videforex broker provides an all-in-one trading interface that allows traders to trade Forex, CFDs, and binary options instruments. Videforex is an accessible trading platform for those looking to dive into the world of binary options and CFD trading. Videforex is a broker that combines binary options, forex, and CFD trading in a proprietary platform accessible via web and mobile devices.
Fees
Videforex requires a starting deposit of $250 for new trading accounts. The broker’s binary options offer payouts of between 20% (cryptos) and 98% (OTC currency pairs). The broker also offers guaranteed withdrawals in less than an hour and live video support to assist users. Support is the most crucial strength of vidforex, and what you see in this broker is something you won’t see in any other broker because this broker provides 24/7 live video support! By navigating to the Forex & CFD section, traders gain access to position management tools including leverage settings, stop loss, and take profit configurations. The binary broker holds weekly contests among traders with 20 winners.
#4 Log in to Your Account
I’m a self-confessed Forex geek who spends countless hours researching, testing, and reviewing everything related to trading. Beginners seeking a feature-rich experience with promotional bonuses may find it attractive, especially if they prioritize convenience and mobile access. The FAQ mentions that the broker waits for network/payment confirmation and that withdrawal requests may be pending until verification is cleared. Withdrawals are handled via the same methods used for deposit. There is no clearly stated minimum deposit in all materials, but some sources report $50 as a common minimum. Videforex accepts a variety of payment methods, including credit/debit cards (Visa, Mastercard), e-wallets, and cryptocurrencies.
The trading panel allows real-time position entry with controls for trade size, expiration, and direction (Call/Put). The platform has a structured model for costs in trading, etc. While VideForex deposit bonuses can provide a nice boost to your trading capital, it’s important to read the terms and conditions carefully.
It offers a full suite of tools and features and is a good supplement or alternative to the desktop solution. Clients can also select the ‘Live Trades’ tab in the left-hand side of the platform to view the top traders for a particular asset. It has been engineered to retain usability while offering a variety of sophisticated tools and resources many day traders require. Videforex offers 24/7 trading on popular markets, including forex, commodities, and cryptocurrencies. Our beginner-friendly tutorial also explains how to place a trade on the Videforex platform.
You can fund your account with the fraudulent broker VideForex using VISA and American Express bank cards, Changelly and Paybis exchangers, as well as Bitcoin, Ethereum, and other altcoins. To use all the features of the VideForex platform, you must verify your personal data. In these pools, traders are divided into teams, betting on the index’s rise or fall.
This overview of Videforex covers its account types, fees, promo codes, and mobile app. Always refer to the latest terms on the Videforex website for the most accurate and up-to-date fee schedules before trading. The trading commissions for CFDs range from 1%–2.5% for non-leveraged, up to 5% for leveraged trades. The main expense categories include trading commissions, spreads, swap/overnight fees, inactivity charges, as well as deposit and withdrawal fees. Videforex imposes various fees and trading costs that users need to consider.
Our broker Videforex Broker Overview reviews are based on over 200 data points, combined with the opinions of our expert testers. If you’re just starting and want a simple interface, it might work for small, cautious trades. Videforex doesn’t clearly disclose other critical safeguards, such as client fund segregation. You’ll find yourself with fewer tools than you’d have elsewhere. However, I don’t know why the live video stream is necessary. The broker doesn’t provide video tutorials, strategy guides, or any structured learning materials either.
Other Trading Fees
VideForex is not a binary options broker, but a scam franchise. On our website, you can also take a comprehensive binary options trading training course and find the optimal strategy. By comparison, leading brokers like Pocket Option and Quotex publish educational content on blogs, YouTube, and Telegram, helping traders develop and trade more successfully. VideForex, a clone of the fraudulent RaceOption platform, also offers its clients weekly trading contests with a $20,000 prize pool.
Each account type provides increasing benefits with progression, such as larger bonuses, risk-free trades, and personalized support. However, for traders who demand regulatory assurance, low spreads under oversight, and use of standard platforms like MT4/MT5, Videforex may not be the best fit. Through the app, traders can deposit and withdraw funds, view trading history, and perform trades.