This is the ideal place to develop a strategy and get familiar with market conditions using simulated money. Then, when you are confident, you can start putting real capital on the line. 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. For example, in-depth investing tutorials can walk newbies through the platform. Trade 35 major, minor and exotic forex pairs through CFDs with floating spreads from 0.1 pips.
I did a trade and won in 2 minutes as set but the trade went on and on for 58 mins in error and did not take profit. Videforex refused to pay me the win despite video evidence attached sent to them and they have accepted it was a win. Despite this, Videforex is a legitimate broker and not a scam.
- It is available to download for both Android and iPhone through the respective app stores or from their website.
- Videforex offers its services in all the countries except the US and a few regions of Europe and Asia.
- So, register yourself with Videforex and get your issues quickly resolved.
- The sleek system makes selecting your financial instrument a hassle-free process.
A useful extra feature is social trading, also known as copy trading. This allows you to learn from experienced and successful traders, enabling you to copy the trades of high-earning investors. Traders can speculate on crypto prices in pairs with USD and CNY through binary options and CFDs. The range of digital currencies is fairly narrow vs alternatives but major tokens like Bitcoin are available. All transactions are counted for a trading contest, regardless of the outcome, and the minimum trade amount should be $10. Every Sunday at 21.00 GMT, the competition begins and concludes at 21.00 GMT on Friday.
Videforex Mobile App
Please be aware that this might heavily reduce the functionality and appearance of our site. Once you register and deposit funds, you can start trading with VideForex. Alternatively, you could set a limit order that allows you to edit your entry price, stop loss and take profit levels. This allows more control in handling your trades and could lead to more gains and fewer losses. After setting your order type, you should set the corresponding expiry time and date of your option. Subsequently, you could turn on VideForex’s Fix Time mode to properly time your trades.
Is Videforex Legit?
Silver and Gold accounts additionally benefit from the first three trades being risk-free, compensated by a trading bonus if negative trading results occur. VideForex does not fall short in terms of the number of financial assets available to trade on their platform. For instance, traders can participate in the global markets by trading over 15 forex currency pairs, 9 commodities, over 80 stocks, and 13 market indices. While this may not be as many assets as some trading brokerages, it is quite substantial for novice traders which is the market VideForex is going for. However, it is somewhat disappointing that VideForex is not offering CFD cryptocurrency trading pairs as most new online trading brokerages of this kind are.
Fast processing times is available for all payment methods, and are guaranteed within 1 hour. Among the available binary options brokers, Videforex is considered to be the best for offering better assets. What’s interesting is that this broker lets clients try new underlying assets so they can make more profit.
Mobile App Review
The advertised time for withdrawals is one hour and if it’s actually respected, VideForex has one of the fastest withdrawals in all of the industry (or close to). Personally, I highly doubt that transactions are done so fast but let’s hope I am wrong. The available withdrawal methods are Bitcoin, altcoins and Perfect Money. https://forexhero.info/ All ways of depositing are fast, except for Perfect Money, which requires an hour. Regardless of the method, withdrawals take an hour after processing your request. With all the asset classes available, as well as bonuses and promo codes, VideForex can be considered a good broker, depending on how you define it.
There is also no recourse or legal protection for traders in case of any disputes or problems with an offshore broker. Furthermore, there is no way to verify the legitimacy, credibility, or reputation of the broker. All VIDEFOREX clients have access to a live chat trading feature.
The web platform comes with a simple interface, which may be a huge deterrent for veteran traders looking for advanced tools and features. Clients can deposit and withdraw in 60 seconds, manage portfolios in a few clicks and view live charts of all available assets. The platform also provides instant order executions, detailed trading history and built-in live video chat support. In addition, the browser-based solution comes with a selection of technical indicators and an intuitive market insights tool.
VideForex is a broker that specializes in forex, CFD, and options trading. With over 100 assets available, clients gain a broader exposure to the market, and this can help diversify their portfolios. This broker’s platform is available on any device, which allows both newbie and professional traders to access it anytime, anywhere. Videforex offers clients its proprietary web trading platform. No download is required as trading is available via all major web browsers.
Trading hours vary by instrument and can be found directly on the trading platform, displayed in GMT. The broker charges a commission of up to 2.5% for opening a cash crypto CFD numerical differentiation python position. Leveraged cryptocurrency positions will incur a maximum 5% commission fee. Plus, there’s a swap fee (0.07% face value of the position) for trades held overnight.
Technically, it is live video chat support, but do not expect to sit down face-to-face with an agent. Also, veteran traders may not be hyped about the lack of analysis tools and overall simplicity of the trading platform. The lack of a demo account without depositing real cash and the lack of regulation are important, risky aspects to be considered before you start trading and investing money. Yes, Videforex offers a 20% bonus on bronze trading accounts, 50% for Silver, and 100% for gold accounts. Videforex does not provide access to any popular platforms like MetaTrader.
Regulations and Trust ability Review of VIDEFOREX Broker
One convenience I appreciate with Videforex is the ability to directly deposit and withdraw funds through their web and mobile apps. I can log in to access my full account management features from anywhere without needing to go through a separate payments portal. Funding my account takes just less than 2 minutes right within the Videforex app. Recently, I deposited fresh funds to open new positions with just a few taps in the mobile app. Easy, integrated funding makes Videforex very accessible for active traders on the go like myself.
The bonus depends on the account type and your initial deposit. Keep in mind, however, that this bonus can not be withdrawn. There are three account types to choose from, including Bronze, Silver, and Gold. After that, there are some variances between the account types, so we’ve listed all of the features of each below.
Videforex in India
Surely McDonald’s wouldn’t give their recipes to just any corner fast food joint that asks for it, in exchange for a few bucks. Surely Coca Cola wouldn’t reveal their recipe to any beverage producer that asks for it and they wouldn’t let someone else use actual Coca Cola in non-Coca Cola bottles. But hey, maybe VideForex and Dukascopy have some sort of arrangement, let’s not rule out that possibility, although it’s unlikely, as I said before. The website claims that they are regulated, but there is no evidence to back this claim.
Videforex CFD and Options offers Android and iPhone based trading platform. It allows to stay connected with the global market and never miss a trading opportunity. The application allows regular CFD and Options trading and direct deposit and withdrawal via APP. It allows for instant execution of trades, shows live charts of every option available on the platform, and enables traders to view their entire trade history. The last account type, i.e., the Gold account, is for professional traders who want to build a significant career in binary options trading.
Opt for leveraged CFD cryptocurrency positions, and the fee can climb to 5%. To initiate transactions, log in to your Videforex account and visit the “Cashier” section. Here, select your preferred payment method and follow the on-screen instructions. Processing times may vary depending on the method and network involved. This article explains the works of IPO, investing ideas, the process of IPO, choosing a suitable IPO, and the reason for IPO investment.
