In the following review we delve deep into the aspects that make up this online trading brokerage and see what sets VideForex apart from the competition and whether or not they can be trusted. VideForex also offers a “First 3 risk free trades” service to its Silver and Gold accounts owners. It is done to support the financial positions of the clients who have a negative total on the first three transactions. Yet this sum cannot exceed the amount of a Foreign exchange autotrading deposit initially made by the user. To activate the offer, the trader has to contact his account manager. VideForex may need to pay close attention to their peers, as currently, a demo account is only offered for verified account holders who make a deposit. In the Forex and CFD market, a free demo account is readily available at almost all mainstream brokers, without having to make any deposit, which really makes life difficult for VideForex clients.
The level of customer support is what makes this broker stand out from the rest, but their high trading fees and lack of regulation are their negative points. However, VideForex could be an excellent trading brokerage for beginner to intermediate trader’s dues to their customer support and trading platform. We often use Tradingview Forex Screener to know the asset direction & execute trades with the Videforex review platform. This Tradingview strategy tester with the Videforex app brought us a good profit. Videforex withdrawal procedure is very easy and they process it within 2 hours.
They utilize a high-tech, sophisticated method to deliver you 100% secure trading and total data security for all clients. As cybersecurity is growing and internet scams are widespread, being able to trust your broker with your confidential information is paramount. You’ll also discover that since their stage is online, no longer are downloads required. The slick system makes choosing your fiscal instrument a hassle-free procedure. You are able to get to the money pairs, commodities and indices of your selection with just a couple of clicks.
The trader can raise the initial sum he has chosen for a trade by pushing a “double up” button in the bottom of the screen. The only difference is that it will have a different open price.
In this kind of contest you must minimize the loses in order not to lose the account and try to win the maximum of trades. But obviously you tend to lose more than win because you try to perform as much as trades you can in the 5 days of the week. Sign up to our newsletter in order to receive our exclusive bonus offers and regular updates via email. There is a significant confusion surrounding the services, as there are hints of both binary options and Forex/CFD being available as trading products. Weekly trading contests offer up to $20,000 in prize money for 20 winners. I declare that my review is based on my own experience and represents my genuine opinion of this broker.
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We strongly suggest choosing a broker that has gained a high score through excelling in all departments instead. To learn more about how we test and recommend brokers, read our methodology. VideForex has a strong range of assets as well as great customer service. VideForex makes money on the spread & other fees which are not stated. If however you have provided the broker with your credit card details, immediately cancel your credit card. You may contact your bank or credit card provider and file a chargeback, but only within six months of the initial deposit, as was noted above.
Withdrawal of the funds can be processed only to the same e-wallet or bank account, which was used for depositing. A user can deposit with it but can’t withdraw to this kind The Barefoot Investor of credit card. Those who have taken a welcome bonus or any other kind of bonus money has to reach a 300% turnover of the invested funds to be able to withdraw the money.
We recommend that you avoid this broker if you are looking for a low-cost option. VideForex offers fixed spreads with the average for the EUR/USD pair currently standing at two pips. Customers can choose to access VideForex’s web-based platform via their Android and iPhone devices.
Trading in CFDs carry a high level of risk thus may not be appropriate for all investors. Please, try to https://forexbitcoin.info/ avoid profanity and foul language in the text of your review, or it will be declined from publishing.
We would prefer the company altering its strategy a bit to develop VideForex as a standalone product, rather than following a template that was established for its binary options web properties. Regardless, VideForex does have a demo account option, and traders can withdraw their money from the broker if they are not impressed with the broker’s products, platforms, or services. Bonuses are literally unheard of in the Forex market, mainly since brokers tend to avoid bonuses or promotions due to regulatory guidelines.
For security reasons, identification of the person is required for all withdrawals, regardless of the withdrawal amount. Trade with caution, these products might not be suitable for everyone so make sure you understand the risks involved. Overall, VideForex has quite a lot to offer its potential clients, however it is also important to bear in mind that there are several negative points too. However, after a while the chat service requires you to register to continue. Moreover if you have gold account instead of other two account types, you will be assisted by professional success manager. You can get all the answers by continuing this VideForex review article. CFDs are leveraged products and as such loses may be more than the initial invested capital.
Non-stop trade – Trade is available every day and over the holidays. Funding mechanisms – VideForex.com supports transfers through a range of forms of payment, including credit cards and cryptos.
VideForex, due to its affinity to binary options trading, offers a considerable amount of bonus for deposits. The bonus for Bronze account starts from 20%, while the Gold account offers a maximum of 100% bonus on the deposit amount, subject to some maximum bonus limits. These bonuses are offered for all new account holders, where traders are given the opportunity to reject the bonus to have more control over their trading capital. A bonus will always have a few trading conditions, which can prevent you from withdrawing your money without trading the minimum required volume. If you’re searching for the ideal online day trading broker, then VideForex.com warrants a look at. Despite being pretty much a novice on the scene, it hands out attractive weekly competitions, an fx platform, and video service which is live. Additionally, offering several online trading accounts, as well as a simple installation and usage, this agent is an appealing proposition for both novices and seasoned traders.
If you are the owner of this platform you can manage this account. No application – Should you place a lot of your day transactions when you’re on the move, a trading app can prove to be useful. As it now stands, VideForex.com don’t provide this kind of service. VideForex.com have ensured that a mobile application is presently under construction. Withdrawal speed – Nothing nums more than with a substantial wait to get to your own profits. In case you day trade using VideForex.com, they ensure that your withdrawals will be processed within a hour.
Although VideForex is new in the brokerage industry, they offer many products and their customer service is commendable. Nonetheless, VideForex does not offer extra educational resources such as trading signals and trending market news. VideForex is one of the first brokerage service providers in the industry to implement the video chat feature. Traders report having had a great time interacting with the broker through this feature. If simplicity is your thing, we believe that you’ll love VideForex’s trading platform. Newbies will have a wonderful time interacting with this trading platform.
After stinging you for a few hundred bucks, senior scammers will take you up and begin pushing you to further invest. At some point, however, you’ll probably begin to consider closing the account and getting back your money.
VideForex also has native trading apps that are available for free on Play Store and App Store. Opening an account at VideForex is easy, as you can sign up with an email address. VideForex is based out of Seychelles, and may not offer a highly regulated service as some of its peers. Copy trading tool is available across the different account packages. VideForex is a part of an established group of financial companies operating in the Forex and CFD market. Funding can be instant whilst withdrawals can take up to 1 hour. There is a 5% transfer fee for card payment but no charges from the broker for other methods although you should check if third party providers have any additional fees.
VideForex.com know exactly what’s occurring to and on their platform in any moment. With luck, this will streamline the querying process and ensure any issues and glitches could be ironed out quickly. It’s also worth noting that there’s not any upkeep or enrollment fee when you register for an account with VideForex.com.
This compensation should not be seen as an endorsement or recommendation by TradingBrokers.com, nor shall it bias our broker reviews. Videforex broker is unregulated, offering Forex, CFD & Options trading. They do not have MetaTrader & their asset range is very limited. There are no educational resources or additional trading tools provided. I started to trade in the weekly contest, from Monday to Friday.