This commitment to customer service ensures that you have access to prompt assistance whenever you need it, enhancing your overall trading experience. However, with the right broker by your side, the journey becomes more accessible and rewarding. This allows traders to take advantage of the volatility in the crypto market. However, the platform is not as well-regulated as some of its competitors, and its customer support can be slow to respond. Before you start trading, you must be fully aware of your risk exposure and make all decisions yourself.
Videforex Broker – Complete Information Guide
With many years of experience in the Forex industry—and thousands of robots, brokers, strategies, and courses put to the test—I’ve seen what works and what doesn’t. Traders considering Videforex should thoroughly review its terms, trade cautiously, start with smaller amounts, and ideally confirm withdrawal processes in practice before committing major funds. Videforex claims that withdrawal requests may be processed within one hour if the account has been properly verified. Other promotional features include referral bonuses (e.g. you may earn extra percentages when someone signs up via your link), trading contests, and periodic giveaways (e.g. gadgets, prizes). The mobile experience is meant to allow traders to remain connected and trade on the move without missing opportunities. Videforex offers native mobile applications for both Android and iPhone.
- However, with the right broker by your side, the journey becomes more accessible and rewarding.
- The next level account with a minimum deposit of $1,000.
- Session times, time frames, and active market trading windows are also visible and selectable.
VideForex Promos & Overview – 2023 Review
The tiered account structure with deposit bonuses, contests, and promotional offers can be enticing for users looking for leverage and reward schemes. Videforex provides deposit bonuses tied to account tiers (20%, 50%, 100%). However, according to their FAQ, one must fund a live account first and then contact support to activate the demo credentials. Videforex offers a tiered account structure broadly segmented into three levels (Bronze, Silver, Gold). It also has a dedicated section to trade forex/CFDs, enabling buy/sell market orders, leverage, margin settings, and stop-loss/take-profit options (depending on the instrument).
- The footer of VideForex’s official website states that this pseudo-broker belongs to INVOLVA CORP.
- There is no guarantee that the broker will honor its obligations, process withdrawals, or safeguard client funds.
- Key metrics such as account level, trade count, and profit ratios are displayed under the profile section.
- The terminal has several operating modes, the most functional of which is TradingView, named after the popular trading platform.
- Locate Videforex in the list of binary options brokers and click “Go to Website”.
How to Start Trading on the Videforex Platform
In addition to the standard contact forms, the trading terminal and website also feature a supposedly live video chat. The terminal also features an AI-powered trading mode, but we don’t recommend using it. All Gold account privileges are available, as well as a 100% deposit bonus . The next level account with a minimum deposit of $1,000.
Does Videforex Have An Inactivity Fee?
Bonus terms mention that profits and losses relate to net account balance (excluding bonus amounts). Some listings suggest that over 100 assets are available across these categories, spanning stocks, commodities, cryptos, indices, and forex pairs. Session times, time frames, and active market trading windows are also visible and selectable. The “TradingView chart” mode gives more advanced charting tools, like Fibonacci, Elliott waves, and pitchfork. Traders can apply a variety of technical indicators (RSI, MACD, Bollinger Bands, moving averages, Ichimoku, etc.) and use drawing tools such as trendlines, horizontal lines, arrows, and more. The charting interface supports multiple chart types (including candlestick, tick charts, and a version labeled “TradingView”).
Account Types
The Investing Brokers team have over 15 years of experience in the online brokerage industry and are committed to providing reliable information for all of the brokers that we review. However, the lack of regulation and limited educational resources may be a concern for some traders. However, CFD traders may still experience a degree of leverage, allowing them to control larger positions with a smaller initial capital.
What are the key disadvantages of using VideForex?
You can use the “Add Funds” and “Withdraw” options to transfer money. Click on the option in the upper-right corner to choose between real or demo accounts. While the drawing tools available on a candlestick chart are adequate, it might not be the best option for master technical analysts. If you want to apply various indicators to the trading chart, use the option at the top section.
The platform has a user-friendly interface and provides traders with advanced charting tools, trading signals, and educational resources to help them succeed in the markets. Instead, choose reputable companies from our rating of reliable binary options brokers. For comparison, the binary options broker Pocket Option has a minimum deposit of just $5, while Quotex has a minimum deposit of $10. Once you gain access to the trading terminal, you’ll be able to participate in contests, view trade and financial transaction statistics, and connect your account to the copy trading service. Both “brokers” are registered at the same address, have the same trading platform, and have identical social media presences. If you are new to binary options trading and want a quality experience, the Bronze account is for you.
Company Overview and General Info
Due to its offshore registration, clients should be cautious when trading with Videforex, as there are no guarantees regarding the protection of client funds. Click on the option beside time frames to open new indicators on the VideForex trading platform. This chart type allows you to access all the available tools on the TradingView platform, including Ganbox, Pitchfork, Fibonacci, Elliot Waves, and many more. By clicking on the trading symbol, you will see a list of tradable instruments on the Videforex broker. Use the “Add Funds” and “Withdraw” options to transfer funds in and out of your trading account.
The broker was launched in 2017 and is operated by Vide Projects Ltd, a company registered in Seychelles. These communities can provide additional support and advice from professionals in the field. The area I live in pays RTs on pretty much the same rate as nurses, so salary also isn’t a huge problem. Right now, I need a job that I can get fairly quickly and be happy with if my “bigger goals” don’t work out, while still being able to support me. I’ve been reading as many “Rt vs Rn” discussion posts and a ton of them have emphasized how nursing ultimately gives a lot more variety/mobility in terms of career options. Create your account and connect with a world of communities.
The only difference between them is the minimum deposit amount and the availability of so-called expert trading support from the “broker.” VideForex is yet another scam masquerading as a binary options broker. The binary options broker VideForex is a clone of another fraudulent company, RaceOption.
What is the maximum leverage offered by VideForex?
Easy to digest for beginners, these can help investors find opportunities and time trades. Promo terms and conditions are available on the broker’s website. When we used Videforex, we found there is a commission for opening an unleveraged cryptocurrency CFD position. However, if you do not make at least one trade a month, you will be charged $10.
The platform offers competitive features such as a low minimum deposit, user-friendly interface, and a variety of financial instruments. Videforex operates primarily on a spread-based pricing structure, with no commission on binary options trades. The Videforex platform is designed to be user-friendly and accessible for traders of all skill levels.
There is no maintenance or registration charge when you sign up for an account. The platform charges a swap fee of 0.07% of the face value of the position to hold a position overnight. Potential payouts and losses are fixed before the investor opens the trade. You can also trade major indices like the Dow Jones 30, S&P 500, and FTSE 100 (CFDs only). A useful extra feature is social trading, also known as copy trading. The sleek system makes selecting your financial instrument a hassle-free process.
Trading Brokers Trading Brokers is dedicated to bringing you unbiased broker reviews, the latest broker news and trading guides to help you along your trading journey. Between 74-89% of retail investor accounts lose money when trading CFDs with this provider. However, the broker is not regulated by any reputable authority and has high spreads and commissions compared to other brokers. For more choices, we recommend you to check out our trading broker reviews.
With Videforex, you’re largely Videforex Broker Overview dependent on real-time chat and phone support. When you need to log a disputed trade, challenge a withdrawal problem, or escalate an account issue, you’re stuck relying on chat transcripts and phone conversations. The chat widget sits right inside the platform and typically responds quickly – useful when you’re mid-trade and need a fast answer. There are no calculators to help you estimate risk or potential payouts before placing trades. Through the integrated TradingView option, you do get access to technical analysis tools, an economic calendar, and market news.
Use your login details to access the Videforex platform. The option is accessible from the top-right corner of the platform’s interface through a menu that lets you select between the real and the demo accounts. This simulated environment, offering $10,000 of virtual credits, is exactly similar to the real account with the same functions and options in the platform. VideForex caters to traders of all levels with its 3-tiered account structure. VideForex withdrawals are processed within 2 hours, and besides all of that, VideForex binary offers three deposit bonuses 20, 50, and 100%.