We will also provide our verdict on whether Videforex is a scam or a legit broker to trade with. Videforex is an online broker that provides access to various markets through binary options and CFDs. The broker has a proprietary web-based platform that features live video chat support and copy trading. Videforex also offers attractive bonuses, fast withdrawals, and trading contests for its clients. However, the broker is not regulated by any reputable authority and has high spreads and commissions compared to other brokers. 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.
Does Videforex Offer Any Sign Up Bonuses?
- To initiate transactions, log in to your Videforex account and visit the “Cashier” section.
- It will take liquidity and external markets for the underlying financial instrument into account.
- Here, select your preferred payment method and follow the on-screen instructions.
- VideForex offers fixed spreads with the average for the EUR/USD pair currently standing at two pips.
The company’s forgotten password process is straightforward and customers can follow their profiles on social media, such as Twitter and Instagram for live updates. Nonetheless, VideForex does not offer extra educational resources such as trading signals and trending market news. Additionally, VideForex has a minimum withdrawal amount of not less than $50. The best thing about VideForex withdrawals is that they are processed within the hour.
A few negative reviews have also been reported as well as some customers referencing withdrawal issues. As per the broker’s terms and conditions, opening an unleveraged cryptocurrency CFD position will face a charge of 1–2.5% of the transaction value. Videforex traders have the option to double up or rollover their positions. Videforex has its own mobile app which supports the broker’s web-based platform. It is available to download for both Android and iPhone through the respective app stores or from their website. They’ve added an AI Trade feature as well but gotta say I’m not confident enough yet to let a machine do ALL my videforex.com analysis and trade entries/exits.
My Withdrawal After a Month of Waiting and No Response
You can get to your choice of currency pairs, commodities, and indices with just a few clicks. Plus, you have access to cryptocurrency pairings and fixed return options. Trading on the platform is straightforward for both beginners and experienced investors. It has been engineered to retain usability while offering a variety of sophisticated tools and resources many day traders require.
The broker’s binary options offer payouts of between 20% (cryptos) and 98% (OTC currency pairs). 2023 also saw Videforex expand its suite of OTC assets with payouts up to 95% and trading opportunities on popular global markets. In summary, Videforex offers a variety of account types to suit different trading styles and preferences.
- Over 200 data points are considered, from minimum deposits and trading fees to the platforms and apps available.
- They also give up to a 20% to 200% deposit bonus on any first deposit and account.
- The platform itself is super easy to use, even for beginners like me.
Spreads & Commissions
Videforex broker provides an all-in-one trading interface that allows traders to trade Forex, CFDs, and binary options instruments. This guide will help you easily navigate various parts of the platform. On tradable assets, VideForex customers have access to over 160 assets.
Alternative Brokers
Each account type has its own advantages and disadvantages and requires different levels of investment and risk tolerance. Therefore, clients should carefully consider their trading goals and needs before choosing an account type. Videforex is considered a good broker for its high number of payment methods, 24/7 market access and reliable customer support. However, the lack of assets to trade, regulation and platforms could be red flags for some. But while these are useful features, there is a lack of advanced trading tools for account holders.
Trading Contests
Videforex offers 24/7 trading on popular markets, including forex, commodities, and cryptocurrencies. The broker also offers guaranteed withdrawals in less than an hour and live video support to assist users. This extensive selection reflects Videforex’s commitment to providing a user-friendly and innovative trading platform. Videforex has tempting weekly contests, promo codes, a bespoke trading platform, plus live video support.
Market Analysis
Despite this, there are some negative reviews, so always do your research before committing funds. Videforex will show a customer’s deposit as pending while it waits for confirmation from its payment system. Traders should check their funds are confirmed before entering a transaction. If the service is temporarily unavailable, this could delay entering at the desired price. Importantly, withdrawals can be processed within an hour if a customer’s ID check has been completed.
User Reviews
I’ve been going around and around for months now with nothing to show for it! I’ll be suing because I want my money and will not accept anything less. Compare Videforex with any other broker by selecting the other broker below.
We did find VideForex’s trading platform pretty impressive and unique. In addition to supporting mobile trading, the platform is simple and comes with many features. As mentioned above, VideForex does not offer the fancy Metatrader4 and Metatrader5 trading platforms provided by most brokers in the industry.