As a trader, you are required to use comprehensive trading tools to increase your chances of winning a trade. As an advanced trading tool, it deprives traders of the opportunity to augment their trading capabilities. It allows traders to fund their accounts from any part of the world. All VIDEFOREX clients have access to a live chat trading feature. 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.
Is the Videforex trading platform good for beginners?
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. By clicking on the pages icon on the right, users can copy traders by simply specifying the size of the investment. A useful extra feature is social trading, also known as copy trading. This allows you to learn from experienced and successful traders, enabling you to copy the trades of high-earning investors.
VFTAM10037705 Review of my trading experience
Upon exploration of the Videforex website, there is no information provided with regards to spreads or commissions that are charged. Even when viewing the trading assets, the broker does not provide any information. Brokers often cap bonuses above a certain level and there are strict terms and conditions involved with these bonuses.
DONT USE OR REFER THIS BROKER
To receive demo account access you need to fund your trading account and contact customer support to get demo account credentials. Demo account is a great opportunity to practice strategies and become familiar with the platform with their demo account option. 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. We sincerely apologize that our services did not meet your expectations.
Customer Support Review of VIDEFOREX Broker
We do not provide financial advice, offer or make solicitation of any investments. However, Videforex has no mention of complying with any Indian regulators on its website. The broker is not regulated by any regulatory body in India, that’s why money safety may be the issue here.
- In the next section, we will show you exactly how to trade options and CFDs on the Videforex platform.
- Adapting to a new system was challenging, but the timely market data significantly aids my trading decisions.
- I started trading with this broker in late 2021, and I guarantee that there is no Videforex scam whatsoever.
- This comes with a master class (web session) included, while the gold account features include a personal success manager, as long as you deposit more than $3,000.
We understand the struggle and importance of choosing the right trading brokerage, which is why we have compiled numerous in-depth reviews of viable online trading brokerages. See below, our in-depth review of the VideForex online trading brokerage and decide if they’re the right broker for you. Forex regulators are tightening their guidelines to prevent brokers from offering any promotions, which makes it all the more attractive to invest in reliable brokers operating from tax havens.
VideForex’s demo account entitles all registered clients full access to its features and services. Here, clients can practice various trading strategies that they can use for binary options https://traderoom.info/ trading or for CFD and forex trading. There are three account types that clients can choose from, Bronze, Silver, and Gold. Each of these accounts has its own perks and minimum deposits.
As cybercrime is on the rise and online scams prevalent, trusting your broker with your confidential data is important. Another perk is the Rollover tool which lets traders increase positions up to 100% of the selected timeframe on the first use. With Videforex, a spread is usually charged on CFD positions.
Traders should select GBP as the base currency when creating an account. When we used Videforex, we found there is a commission for opening an unleveraged cryptocurrency CFD position. This could be anywhere from 1% to 2.5% of the transaction.
Silver trading accounts require a minimum deposit of $1000. Compared to so many other brokers online, Videforex is quite high-priced for all of its online trading accounts. This provides access to the Bronze account features, which include a bonus of 20%, a Copy Trading tool, and a demo account. Videforex offers a mobile app compatible with both Android and iOS.
The deposit bonuses also help increase the clients buying power or working capital. At the bottom of your trading platform, there is a table that would feature open, closed, or pending positions that have been executed by the system. All details https://traderoom.info/videforex-a-reliable-broker/ listed here are vital for backtesting, portfolio management, and trade review. Subsequently, users can also view which trades have been profitable to them. Videforex launched in 2017 with its headquarters based in the Marshall Islands.
Videforex minimum deposit requirements vary by account type. 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.
It very well could be that these two amounts are linked to the Silver and Gold accounts, respectively, but we were not able to confirm this. As such, we highly recommend using a demo account if you are considering trading with this FX brokerage. The 24/7 live support and free access to advanced trading features make Videforex’s app an outstanding resource, especially valuable during off-hours when immediate assistance is crucial. I saw some negative reviews about this company in the Internet (especially about withdrawals), but nevertheless decided to give it a chance. And I was sooo happy when my withdrawal was approved and I received it to my crypto wallet within 2 days.By the way, I like their new design. It goes against our guidelines to offer incentives for reviews.
As per the user agreement, payment rules state that a withdrawal of any value requires customers to verify their identity before they can receive funds. However, you need to remember that leverage trading is not risk-proof. That means if you have incorrectly predicted the market, you will lose a huge amount of money.