No download is required as trading is available via all major web browsers. The platform is easy to navigate with a user-friendly interface. However, while the platform is touted as suitable for both new and experienced https://www.day-trading.info/top-100-linux-interview-questions-and-answers-2022/ 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.
- Therefore, it is strongly advised to avoid trading with unregulated brokers like Videforex.
- Whether you’re day trading forex, CFDs, or binary options, the bonus requirements are the same.
- This average customer rating is based on 2 Videforex customer reviews submitted by our visitors.
- As per the broker’s terms and conditions, opening an unleveraged cryptocurrency CFD position will face a charge of 1–2.5% of the transaction value.
- For a brokerage that has been in operation for a while now, you’d expect the site to offer a lot more information.
Based in Seychelles, this broker operates as part of the Vanuatu-based Finance Group Corporation. 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.
As mentioned earlier, VideForex is an international trading brokerage that serves traders from all over the world. However, they do not provide services to traders from the US and parts of Europe and Asia. VideForex does however offer their services in multiple languages including English, Russian, Spanish, French, Dutch, and Thai languages. Videforex continues to offer binary options with 20% payouts on crypto and up to 98% on less volatile assets, beating many competitors.
VideForex Commissions & Fees
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. 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. To initiate transactions, log in to your Videforex account and visit the “Cashier” section. Here, select your preferred payment method and follow the on-screen instructions. Processing times may vary depending on the method and network involved. Investing.co.uk has been helping British traders find the right broker for over 20 years.
DayTrading.com is committed to helping traders of all levels make informed decisions about which broker to trade with. If you have traded with Videforex we would really like to know about your experience – please submit your own review. Keep in mind though, Videforex is unregulated, and we always recommend caution before trading with unlicensed providers. Videforex uses a 3D secure money transfer and SSL certified 256-bit funds processing.
Regulation & Licensing
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.
Videforex Review 2024
We do not provide financial advice, offer or make solicitation of any investments. Trading Brokers Trading Brokers is dedicated to bringing you unbiased broker reviews, the latest broker news and trading guides to help https://www.forexbox.info/best-forex-trading-platform-best-forex-brokers-in/ you along your trading journey. We have over 20 years of experience when it comes to trading online so we know what to look for. Videforex follows standard office hours and 24-hour trading hours Monday-Friday.
Instead, traders should look for brokers that are regulated by well-known and respected authorities, such as the FCA in the UK, ASIC in Australia, CySEC in Cyprus, or NFA in the US. Please see a list of regulated brokers for some alternative options. The Bronze account requires the lowest deposit of $250 or equivalent currency. 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.
Alternatively, you could check out a broker with expansive educational and research sections, such as FXFlat. In addition to bonuses, VideForex offers a weekly trading contest that offers a total prize fund of $20,000 which is distributed among 20 total winners. It appears that at least some of the prizes are offered in the form of bonus funds, become a site security specialist 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. Rates, terms, products and services on third-party websites are subject to change without notice.
VideForex Review Conclusion
However, as with any online broker, there are also some potential drawbacks and risks involved in trading with Videforex. Therefore, it is essential to conduct a thorough and objective review of the broker before deciding to open an account and invest your money. In this article, we will review Videforex and evaluate its regulation, platforms, tools, education, markets, accounts, and funding methods. We will also provide our verdict on whether Videforex is a scam or a legit broker to trade with. 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.
All information on 55brokers.com is only published for general information purposes. We do not present any investment advice or guarantees for the accuracy and reliability of the information. 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. This feature is excellent for new investors or people who prefer a passive investment style.