However, as with any online broker, there are also some potential drawbacks and risks involved in trading with Videforex. Therefore, it is essential to conduct a thorough and objective review of the broker before deciding to open an account and invest your money. In this article, we will review Videforex and evaluate its regulation, platforms, tools, education, markets, accounts, and funding methods. We will also provide our verdict on whether Videforex is a scam or a legit broker to trade with. Videforex is a well-known online trading platform that primarily caters to binary options traders.
VideForex Minimum Deposit, Accounts, & Withdrawals
- There are more than 100 financial instruments spread across a variety of asset classes that can be traded through the proprietary Videforex trading platform offered.
- The platform offers a user-friendly and intuitive interface that allows clients to stay connected with the global market and not miss out on any trading opportunities.
- We noted in this VideForex review that the firm mentions two other deposit amounts, $1,000 and $3,000, in relation to increased deposit bonuses.
- As such, we highly recommend using a demo account if you are considering trading with this FX brokerage.
Traders who deposit funds with a broker with no regulation do so at their own risk. In the UK, financial service providers must be regulated with the Financial Conduct Authority (FCA). Client fund segregation, negative balance protection and compensation services are not guaranteed. However, account funding is required to obtain demo credentials.
Best Forex Brokers
- What’s better is that you can trade through different trading platforms.
- Your virtual funds will depend on how much you decide to deposit into your trading account.
- This is the perfect option for traders with varying schedules and time scarcity.
- Hence, they provide a demo account to all account holders, including Bronze, Silver and Gold account holders.
- The reason for this recommendation is the fact that far too little trade-related information is provided on the VideForex website.
With that insight, I’ve been able to optimize my strategy according to factual performance records that would’ve been far more tedious to manually track and organize effectively. Their transparent historical archive takes the headache out of journaling trade experiences. Live pricing data and 24/7 support chat functionality make Videforex’s app a vital tool for active traders, ensuring they have the necessary resources to make informed decisions anytime.
However, you will have to conduct independent research and potentially use auxiliary services and software to conduct analysis, as Videforex does not provide any market insights or guidance. One aspect that makes Videforex stand out from the crowd is customer support. It is one of the very few brokers that provide 24/5 live video chat. Apart from this, you can also request a callback or contact customer support via mobile phone. The platform’s commitment to processing withdrawals promptly within an hour is commendable, reflecting its understanding of traders’ needs for efficient liquidity management. Direct deposit and withdrawal options streamline operations, despite the absence of MetaTrader support.
#2 Silver
All in all, Videforex has a few shining features, although these have a mixed audience, based on our Videforex review above. One standout feature is the swift withdrawal process, which enhances my trading experience by ensuring quick access to funds. The ability to review my trading history instantly is invaluable for informed decision-making. However, the absence of MetaTrader platforms is a limitation for traders accustomed to those tools. Our review of Videforex was disappointed to see limited additional resources for traders.
Free demo account for beginners
When you’re videforex reviews ready to withdraw your funds, Videforex boasts a withdrawal process that takes less than an hour in most cases! Make sure your account is fully verified before withdrawing to avoid any delays. Videforex’s trading platform is intuitive and simple, so it could be a good starting point for beginners.
You get fed up from sites that claim to offer fast withdrawals and really they take forever to process it. The round the clock support also came in handy when I had some last minute questions concerning the transaction. They were very quick to reply back through the live video chat where they explained everything to me from start to finish. Our UK team takes a methodical approach to reviewing online brokers. Our experts also factor in their hands-on testing experience into broker ratings.
This company is a SCAM BEWARE
In recent years, trading activities have gained a lot of momentum, and finding a reliable broker is essential for traders looking to maximize their profits and minimize risks. This review will provide an in-depth analysis of Videforex’s features and offerings, helping you decide if it’s the right platform for your trading needs. Videforex may be more suitable for experienced and successful traders, thanks to the high minimum deposit, and lack of education and guidance.
Are there any alternatives to Videforex similar to TradingView or Deriv?
For forex, you can expect to find the seven major currency pairs along with minor and exotic pairs. There is no entry cost, and twenty winners are listed each week. Both beginners and experienced traders can compete, as all accounts automatically participate.
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. While Videforex is a new entry in the trading world, it has become quite popular among traders.
To improve your chances of profitable outcomes, you need comprehensive trading tools. It is short of advanced trading tools, thereby depriving traders of the opportunity to augment their trading capabilities. One of the most exciting things about Videforex is that it offers weekly contests for traders. Not only do these contests help you get hands-on experience, but they also bring attractive cash rewards.