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. During our VideForex review, we found out that the brokerage provider is not well-regulated.
- However, that is probably due to a lack of provided information, not due to the complete lack of fees.
- Videforex offers binary options and leveraged CFDs on major, minor and exotic currency pairs, a dozen cryptos including Bitcoin, plus commodities like gold.
- The better customer care service of Videforex distinguishes it from other trading brokers that do not have this effective service.
- The broker provides a user-friendly and innovative trading platform that features live video chat support 24/7.
All three account types are treated with a copy trading tool. 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. One aspect that makes Videforex stand out from the crowd is customer support.
A wide range of contract lengths are also supported from 5 seconds up to 1 month. Newer traders will find a lot to enjoy about trading binary options on Videforex’s easy-to-use proprietary platform, as well as the broker’s copy trading solution. Payouts also remain higher than most alternatives climbing to 98%.
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Is Videforex A Regulated Broker?
To open an account, UK clients must complete the online registration form. This involves providing identity documents and proof of residence. Traders should select GBP as the base currency when creating an account. Traders also get a chance to use unique tools that increase their chances of winning a trade.
Trade Sizes
As previously mentioned, the minimum deposit depends on which account type you want to open. Using a demo account, VideForex users won’t risk their hard-earned capital. Instead, they will be using virtual funds provided by the broker. However, to be able to trade using the demo account feature, clients will need open source internet of things to deposit at least $250. For options trading, you will notice that you are not able to trade indices and are limited to only forex, commodities, stocks, and cryptocurrencies. To trade options, you must learn the basics of what a binary option is and the definition of the common terms such as put and call.
All they have to do is login into their account using their browser, which will instantly access the broker’s web platform. You may always utilize the web-based platform, which is equally mobile-friendly if you would not want to install any apps. Foreign exchange trading, or forex trading, is a popular investment choice in the UK.
They were rude and blocked me in their public chat because I was asking an answer from them for taking my $1000. 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. No, Videforex is not regulated by any authority, and is located in the Marshall Islands, a popular destination for offshore brokers due to weak regulatory supervision.
VideForex Deposit & Withdrawal
This payment structure also applies when you want to withdraw money, and the withdrawal request for your own money is guaranteed in one hour. This extensive selection reflects Videforex’s commitment to providing a user-friendly and innovative trading platform. Therefore, it is strongly advised to avoid trading with unregulated brokers like Videforex. Trading with such brokers exposes traders to a high level of uncertainty, insecurity, and potential fraud. Please see a list of regulated brokers for some alternative options.
Problem is price always feels manipulated and spike outs happen often. This is a market maker broker who is not regulated, there goal is for you to loose and they do a great job of drawing you in then sucking you dry. Videforex is a legitimate broker where traders can generate profits through the firm’s suite of trading products and services.
Representatives at VIDEFOREX can assist you in a range of languages. Although you’ll be sending messages in a public group chat, registered customers have access to a private chat function. You may also fill out the form on the “Contacts” page to give them your query or complaint.
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VideForex’s mobile application functions the same way as its web-based platform. Here, you can trade all the available assets and even withdraw and deposit at a click of a button. This makes it convenient, especially for clients who don’t have the time to sit in front of a computer all day. https://forexhero.info/ Videforex nor its agents or partners are not registered and do not provide any services on the USA territory. As per U.S law, brokers regulated by CFTC are the only brokers allowed for USA traders. So, except for Videforex, you are only permitted to trade with the U.S-regulated platforms.
It appears that at least some of the prizes are offered in the form of bonus funds, starting with the participant who comes in 6th place. Positions 1 to 5 are said to have been awarded cash prizes (an iPhone 10 went to the 5th place winner). Here again, we recommend reading the terms and conditions to fully understand the rules. There is a lack of research and education, so you need to do independent research if you want to sign up with this broker. Alternatively, you could check out a broker with expansive educational and research sections, such as FXFlat. PerfectMoney is available with up to 1 hour processing time and no fee.
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. Simply choose a trader and asset class and specify the investment amount. Videforex continues to offer binary options with 20% payouts on crypto and up to 98% on less volatile assets, beating many competitors.
Registration is required before demo account credentials are provided. 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. Topics include account features, trading help and registration. Remember that choosing a broker that charges too low or high might put you in danger. When a broker charges too little, it might not offer better and more reliable services.
We recommend that you avoid this broker if you are looking for a low-cost option. The spread is measured in pips, which is the smallest amount a currency price can change. When you buy a currency pair, the price you pay is called the ‘ask’ and when you sell, the price is called a ‘bid’. This price for the same currency pair will be slightly different depending on whether you are buying or selling.
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. Trade binary options and CFDs on global stocks from US, European, Russian and Asian exchanges, as well as 37 indices covering a wide range of global markets. Copy trading is a tool for beginners and those who wish to trade automatically rather than manually.
