VIDEFOREX Review 2023: Why its Making Waves in the Industry?

This service is also mobile-friendly and relatively easy to use. Despite the number of features and benefits, Videforex has some drawbacks. You must carefully check those drawbacks before getting registered with this trading platform. Not every online broker offers this, making Videforex a good fit for those with limited time or changing schedules. Once you have made a deposit, you gain access to a Videforex demo account.

  1. But it helps to remember that prices are always listed from the forex broker’s perspective rather than your own.
  2. Both beginners and experienced traders can compete, as all accounts automatically participate.
  3. In addition to a functional video chat feature, the broker also offers customer service via phone.
  4. Rest assured, your quest for the ideal broker and trading advice concludes here.
  5. It targets the traders who have gained a good experience in binary options.

With their copy trading feature, you will be able to see the top 10 traders of VideForex and their respective profit percentages in the past months. You can allocate a set amount of investment with any of the top traders and wait until you are satisfied with your gain. Despite offering a lot of assets to choose from, VideForex goes the extra mile to let its clients copy trade their other successful clients. Beginners and those that are interested in passive investing may use this feature so that their capital will be put to good use. Once an asset is selected, we suggest looking at its historical price first and do your research on this certain asset. It gives a huge advantage when traders know the recent economic news or even company background.

Deposit Methods & Costs

Measuring tools can be found here as well and will be used if you want to measure your risk or probable gain. Furthermore, tools can be found on the bar traderprof broker on the left of your charting software. These tools will allow you to draw patterns and mark significant price points that you can use for your trades.

Trading Platforms Review of VIDEFOREX Broker

It also means that the broker can set its own terms and conditions, fees, and policies without any transparency or disclosure. VIDEFOREX is a forex, CFD, and options broker based in the United Kingdom. This broker’s platform is accessible from any device, allowing both beginner and experienced traders to use it at any time and from any location. VIDEFOREX already has over 3,000 customers from all around the world.

Customer Support & Help

It happens because the fees charged on leverage trading are higher than those for non-leveraged assets. If you want to register with Videforex, you must pay a minimum deposit of $250. After paying the deposit amount, you can access your trading account with Videforex.

Videoforex’s commitment to providing a seamless trading experience is evident in their real-time price feeds and the ability to process withdrawals within an hour. As a trader who values quick access to my funds, this is a significant benefit. The 24/7 live video chat support adds an additional layer of confidence, knowing that I can get help at any hour. The app’s direct deposit and withdrawal functionality has also streamlined my trading process.

Once your form has been submitted, a customer service representative will contact you through email. If you deposit on weekends or holidays, you may have to wait a bit longer. Although there are no additional costs when adding funds using Bitcoin, Altcoins, and Ethereum, Visa & MasterCard transactions have a 5% charge. The VIDEFOREX commission is usually based on the account type chosen by traders.

CFD and Forex Charting

In addition, with several online trading accounts, straightforward setup and use, this broker is an attractive proposition for both beginners and experienced investors. https://forexhero.info/ The broker’s complete range of assets is available, from cryptos and stocks to binary options and forex. Full account management and copy trading are also available.

As a result, before making any trading decisions, traders must first investigate all accounts. Traders who choose a bronze account do not have to pay any commission. VIDEFOREX’s mobile app for iOS and Android is a great trading platform. Regular CFD & Options trading, as well as direct deposit and withdrawal, are all available through the app.

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. Clients simply need to decide whether the price of an underlying asset will rise or fall. Potential payouts and losses are fixed before the investor opens the trade. Additionally, since options trading is already considered high risk on its own, clients are not required to trade with leverage.

It’s not a major issue but it does require some time to get accustomed to. Videforex is an online broker specialising in forex, CFD, and options trading. Clients can access 100+ assets on their proprietary trading software.

Videforex is a brokerage company offering trading services for clientssince2016 withoffices in. Videforex launched in 2017 with its headquarters based in the Marshall Islands. The company that owns the brokerage is also the owner of other well-known brands, such as Binarymate. More than 5,000 customers have signed up for an account since the brokerage started and withdrawal requests are processed in just 30 minutes. Oddly enough, VideForex does not show bank wire transfer in the list of accepted withdrawal methods, but this could just be an oversight.

If you joined the contest, you could even check your rank anytime. Although adding funds through Bitcoin, Altcoin, and Ethereum won’t require you to pay additional fees, Visa and MasterCard transfers have a 5% fee. Turbo allows clients to set trades that expire within the next 30 minutes, while Intraday orders expire when the day ends.

Withdrawing takes 1 hour (after confirmation) no matter the method. It would be a wonder for these times are accurate and for VideForex to actually stick to them, but hey, you never know. 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 listed here are vital for backtesting, portfolio management, and trade review. Subsequently, users can also view which trades have been profitable to them.