Videforex warns potential customers that Forex and CFDs trading carries a high risk and may not be suitable for all investors. The Homepage features a Live chat which offers the option for a group or a private chat but when selecting the option, it merely redirects to the option to open an account. The Videforex ‘Contact’ section offers the option of completing an online contact request. There are also numerous telephone numbers for assistance in various jurisdictions. This is an important point when evaluating potential brokers to trade with as the broker must ensure that their traders have a variety of ways in which to contact support should they have queries, questions, or issues.
Videforex is an online trading broker based in Seychelles which offers the trade in a variety of Options and CFD instruments to traders from around the world. In addition to a functional video chat feature, the broker also offers customer service via phone. Customers can call the brokerage company during the day or night. To open trading accounts with VideForex, customers are required to deposit $250. Funds can be deposited through various means including credit card, bank transfer, Skrill, Neteller, and PayPal. VideForex also supports Perfect Money, Altcoins, Bitcoin, and Litecoin among other widely used cryptocurrencies.
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In addition, the broker is not a member of a compensation scheme, thus, should the broker be unable to meet its financial obligations, traders will not be covered, and they may lose their entire investment. Traders are urged to take caution when dealing with such brokers as they may be scams and traders are further urged to ensure that they conduct thorough research to ensure the legitimacy of brokers. 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.
We recommend that you avoid this broker if you are looking for a low-cost option. Customers can choose to access VideForex’s web-based platform via their Android and iPhone devices. VideForex also has native trading apps that are available for free on Play Store and App Store. If simplicity is your thing, we believe that you’ll love VideForex’s trading platform.
Videforex is a scam!
The policy that the broker has, is that the more is invested, the greater the benefits will be. The application features regular CFD and Options trading, direct deposit, and withdrawal via the app, and a 60-second trading option. Additionally, clients have access to their account and portfolio information through the platform. The benefits of the platform include instant execution of trades, live charts of every option available, the ability to view trade history, and the same login as the web-based platform. One of the most important decisions you can make as a trader is to choose a reputable trading brokerage that’s right for you.
The bonus usually compensates traders for choosing a certain broker, since once the account is active, the trader will have the same expenses as any other. The bonus usually only starts giving some expenses back to the trader once the person has proved himself as an active trader. Leverage is a tool that allows https://traderoom.info/gci-broker-overview/ the trader to open larger positions in addition to providing the trader with larger exposure to the market in which they are trading regardless of the trader’s initial deposit. When evaluating brokers, the ease with which deposits and withdrawals can be made is another imperative factor to consider.
Platforms Supported
For the benefit of beginner traders, Videforex has also provided them with an educational section that comes with streaming video lessons. These video lessons cover trading basics which are designed to give beginner traders a footing on how to trade binaries. They changed their link from videforex com to videforex.io presumably to get away from all the negative reviews so they can continue scamming. Safe to assume that the 5 star reviews on this new profile are fakes. I left a review on their last trustpilot and will leave one here as well.
- They provide a wide range of financial instruments for trading, including Forex currency pairs, CFDs, and options.
- Upon using the platform for the first time, it’s evident that it is intuitively designed and great for beginner traders.
- In conclusion, VIDEFOREX offers a trading platform with a wide range of financial instruments available for clients to trade.
- The margin requirement must be equal to or more than 100% for the position to be opened.
- The application features regular CFD and Options trading, direct deposit, and withdrawal via the app, and a 60-second trading option.
The trading platform featured by VideForex is very simple yet sophisticated enough to competently trade CFDs and binary options on a variety of financial assets. The brokerage may not be licensed or regulated, but they have thus far proven to be a reliable and competent online trading broker. All in all, we would highly recommend VideForex to beginner and novice traders around the world. Recognizing the fact that there are different traders with different levels of trading skills, Videforex has provided a selection of 3 different types of trading accounts. For beginner traders who are just starting out, there is the Bronze account.
Company Information
Requested a withdrawal 4 months ago and am still getting the run around. They can’t give an ETA on when my money will be sent to me, and I’m supposedly in a queue but they can’t tell me what position I’m in. Before deciding to trade with Videforex, potential traders are advised to carefully consider their investment objectives, financial situation, needs, and level of experience before investing money they cannot afford to lose. Hence, although no deposit bonuses are a great way to help you start trading, the terms to benefit from it often require trading with such a high volume before you can withdraw profits, that it may not be worthwhile. A margin requirement is the amount of capital that the trader has to put down at the start of the trade, or that they have to have available in their trading account, as collateral for the trade.
- Videforex offers traders a variety of trading accounts that are tailored to the needs and objectives of traders.
- While VideForex is primarily geared towards servicing novice traders, they do offer three different account types that reward traders who make larger deposit amounts.
- Fortrade is a popular broker that have license from FCA United Kingdom and ASIC Australia.
- Potential investors are able to choose between 3 different account types Bronze, Silver and Gold.
- On tradable assets, VideForex customers have access to over 160 assets.
Withdrawal of funds at Videforex can be done through bank wire transfer, major credit cards and eWallets. For withdrawal through bank wire transfer, a $50 fee will be imposed by Videforex. The good news about Videforex’s withdrawals is the fact that the broker guarantees that all withdrawal requests will be dealt with, within the hour. Being a client oriented broker, we were not surprised to find that Videforex does provide their clients with a mobile version of their web platform.