VideForex finds it hard to differentiate between its binary options services and Forex/CFD products, which is why we have compiled an extensive VideForex broker review for assessing the company’s services. Therefore to get started with videforex broker, firstly, proceed to the offial website. Pick up the form and fill it with your details as it appears on your identity. Second fund your account with a minimum of $250, however you can invest up to 100k. Finally predict the market movement, will euro (EURO/US) rise against dollar. However if after 60seconds and your prediction is right, then you make 95%. However, you can compare videforex broker with binarycent and Raceoption.
It is worth mentioning that some of the trading products and services in this Videforex review may differ or not be available to traders in some countries due to regulations. As brokers terms can change over time, please verify all information is up to date directly from the Videforex broker website which you can visit by using the link below. In conclusion, if traders would like a clean and exciting trading platform that has as a one hour withdrawal time, then VideForex is indeed for you.
The average withdrawal time for VideForex is 54 minutes, which is quicker than a majority of brokers. Quick deposits and withdrawals are facilitated through leading payment processors such as trader e-wallets, credit/debit cards, and cryptocurrency wallets. The broker adopts secure payment channels for the best in funds safety and holds all clients’ money in top European bank accounts.
Before deciding to trade Forex or any other financial instrument, you should carefully consider your investment objectives, level of experience, and risk appetite. We try our best to offer you some valuable information about all of the brokers we review. While we do our best to ensure you get the most up-to-date data, we also encourage you to verify our information voluntarily. The trading software that investors will see at VideForex is the Bespoke platform. This is a new trading platform made for investors who are new to forex and CFD trading because it is very easy to navigate. The platform harbors about 100 assets including cryptocurrencies and Forex pairs. The minimum deposit you can make in this platform is $250 and it is all available for trading.
- Of course, FGC has a massive responsibility to its clients, which is why they try hard in offering innovative services that are designed to give sleepless nights to the competition.
- This is largely because Videforex is the only platform in the entire binary options trading industry that has provided a live video feed of the people that you talk to on live chat, email or telephone.
- For once, here is a broker that literally greets you when you log on to your trading account at Videforex.
- The reason for this recommendation is the fact that far too little trade-related information is provided on the VideForex website.
- The lack of regulation is a big red flag for us and they do not offer the popular MetaTrader platform.
- Free demo accounts are available and with this broker, we truly advise that you create one, even if you are an experienced Forex trader.
Video lessons, web sessions, and detailed information in the FAQ section can be very useful to the novice traders. All in all, VideForex is a trustworthy broker with an interesting bonus policy so, there’s no doubt one should try to make an investment with this company. Traders wishing to join VideForex can choose between three types of trading accounts. It has quite a nice set of features, which are enough for profitable trading. For example, the user gets a 24/7 customer support via online video chat. It is impossible to use VideForex trading platform without registering at the website. To be able to trade, the clients of the service need to make a deposit to their trading account.
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VideForex has three categories of accounts, the Bronze, the Silver, and the Gold accounts, which have VideForex minimum deposit requirements of $250, $1000, and $3000, respectively. The Bronze account is a basic account package that Trading the Break of Pivot offers simple account features such as a demo account and access to a copy trading tool. VideForex is yet to update its website with any trading information, which is not something that we expect from a mainstream Forex broker.
We weren’t impressed with quite a few factors about this company, but gave them a few tenths of a point for the creative approach. In this review, we will focus on the spot trading aspect, while leaving the binary options behind. A prominent feature of all FGC brokers is that they process all of their clients’ withdrawals within an hour of a withdrawal request.
VideForex is a part of a thriving group of binary options properties under the FGC brand, and we did expect the company to offer full access to its existing set of financial assets. True to their promise, VideForex has more than 160 instruments from four asset classes, namely, Forex, commodities, indices, and stocks.
Every broker has the responsibility of being transparent about its products and services, as it is vital for a trader to have all the relevant information at a glance to make an informed choice. VideForex features their very own proprietary web based trading platform that’s accessible via any web browser on most desktop computers and smart mobile devices. The platform is not required to be downloaded or installed and is accessible from anywhere in the world. Upon using the platform for the first time, it’s evident that it is intuitively designed and great for beginner traders. The platform keeps things very simple and features everything a trader needs to competently trade CFDs and binary options.
Ensure that you have enough trading experience, knowledge and full comprehension of potential risks involved. Most derivative contracts have high leverage and low margin requirements. Hence, rapid price movements may inflict serious financial damage or even devastate your entire trading account. I’ve owned an account with Videforex and a sister company of theirs for over a year. The sign-on bonus was extremely enticing and I did end up putting a large first-time deposit in. Responsibly, I spent months practicing with the provided practice account before risking my own money.
If that were to happen you will be compensated for the funds you have with them, up to £ 50,000. VideForex is somewhat controversial forex and binary options broker. Their website is focused on the female support staff as much as it is on the actual trading offer.
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Traders cannot opt for a popular third-party trading platform such as the MetaTrader or the cTrader, which is a huge disadvantage. We believe that Forex and CFD trading requires access to the best computing resources, which can only be utilised by an installable trading platform. The VideForex trading platform, on the contrary, is a web platform that works through a web browser. Therefore, there are bound to be a few concerns related to trading features and the overall trading performance. VideForex is also bringing a trader contest to its Forex platform, which offers up to $20,000 in prize money to 20 winners every week. The top trader receives up to $5000, while the runner-up traders receive smaller prize money. The prize money cannot be withdrawn directly but can be used to trade, where the profits are withdrawable after meeting certain trading volume conditions.
For example, in-depth trading tutorials can walk new traders through the platform. So, selecting a broker that offers competitive spreads is important. It will take liquidity and external markets for the underlying financial instrument into account. The broker not only provides the services to the clients but also takes care of their knowledge in the sphere.
Unfortunately, Videforex broker do not have any educational materials to support traders which is disappointing. Most online brokers would have some tutorial videos, trading guides and other learning resources to help traders improve their trading knowledge and skills. Forex trading imposes a high level of risks and is not suited for all traders and investors. As much as trading on foreign exchange markets may be potentially profitable, it can also lead to significant losses.
Videforex Reviews 2021
All the brokers registered with them are subject to a lot of rules, including reporting client activity, providing fair order execution and security for traders’ funds. The latter is done via segregation of accounts – the company doesn’t have full access to the deposits. Furthermore, the Financial Services Compensation Scheme provides protection against the broker going bankrupt.
We found the charting options to be quite limited, along with the availability of binary options trading that may confuse traders. Therefore, VideForex’s strategy of offering a Forex and CFD https://traderoom.info/ trading platform through its proprietary binary options platform may not be viable for the long term. Forex is a high-risk trading instrument and is not suited for all traders and investors.