Additionally, the Web platform can also be used for trading on mobile devices, but traders may prefer the apps available for Android and iOS devices. Once again, these mobile platforms are designed as binary options platforms, with an option to trade Forex and CFD products, which may dilute the effectiveness of these apps to a certain extent. Forex traders usually prefer a targeted app for trading the CFD market, which will be not only reliable for trading, but also provide advanced trading tools and features for comprehensive market analysis. Unfortunately, we can’t expect the VideForex mobile trading platform to offer the same kind of performance or features as its rivaling mobile platforms. The lack of regulation is a big red flag for us and they do not offer the popular MetaTrader platform. The assets available to trade are limited but they do offer Options trading.
We aim to provide unbiased online trading broker reviews to give traders a clear understanding of the different brokers available to them. Traders can use our free service but make their own decisions when choosing an online trading broker suited to their individual needs. Unfortunately, Videforex broker do not have any educational materials to support traders which is disappointing.
Videforex Minimum Deposit, Accounts, & Withdrawals
VideForex is an international online trading brokerage that provides traders with the opportunity to trade a broad range of CFDs and binary options on an array of financial instruments. The brokerage is owned and operated by Vide Projects Ltd which is a division of Financial Group Corp, an international financial services company who owns numerous online trading brokerages. The VideForex trading brokerage was founded in 2016 and is based offshore in the Seychelles.
To get started, you need to fund your account and on the trading platform press copy trading, then choose a trader to copy trades from. It should be strongly emphasised that there are no guarantees with the results from copying trading signals. After studying several months Forex and ways to become a profitable trader, I took a look to the binary options. Because of my way of trading I liked the risk of this methodology. Just to try and learn a little bit more about the technics on binary options, I joined online courses and groups to practice the technics .
You Can Get The Additional Funds As A Bonus
VideForex is a trading platform, which is suitable for starting traders. No need to spend long hours trying to understand the principle of its work and how to use the tools. Unfortunately, VideForex is not very transparent with their associated fees and commissions. No where on their website do they state the account fees if any, as well as trading fees and deposit and withdrawal fees. However, upon reviewing and testing out the platform we discovered that the trading fees are relatively high and range from around 3 to 5 pips for major currency pairs and even higher for others. All in all, VideForex does not have favorable fees and commissions and this is common with unregulated trading brokerages who primarily target novice traders. VideForex offers a prominently placed live video chat feature that grants access to an actual customer service representative for 24 hours a day and seven days a week.
Unlike others, the traders on VideForex can get professional help from beautiful ladies communicating via live video chat. Most users note high professionalism of the customer support team. Foreign exchange autotrading By the way, it is available in several languages and works round the clock. To become successful in trading with online brokers, the main thing is to find the one which may be trusted.
New traders can learn the basics of trading in a risk free environment whilst more experienced traders are able to try out new techniques and strategies without risking their own money. A demo account also enables potential traders to try out the features of the site and to see how much they like the trading interface before opening a live account and making a financial commitment. VideForex is one of the few brokers which ensure that withdrawals are processed in a very short time, and all clients can expect their withdrawals to be received within an hour. This is regardless of which account type traders have, which is excellent, since many of this broker’s rivals only offer this type of service to higher level traders. The minimum deposit amount is $250 and while this broker does not charge for transfers, some third party providers may.
VideForex does offer three different account types; Bronze, Silver, and Gold. Each account is relatively the same by offering all the same standard features, but higher accounts offer better bonuses or premium features such as a personal success manager.
VideForex has three categories of accounts, the Bronze, the Silver, and the Gold accounts, which have VideForex minimum deposit requirements of $250, $1000, and $3000, respectively. The Bronze account is a basic account package that offers simple account features such as a demo account and access to a copy trading tool. VideForex is yet to update its website with https://forexbitcoin.info/ any trading information, which is not something that we expect from a mainstream Forex broker. Every broker has the responsibility of being transparent about its products and services, as it is vital for a trader to have all the relevant information at a glance to make an informed choice. VideForex features their very own proprietary web-based trading platform.
Nevertheless, it is definitely worth the attention of the traders, especially those who want to gain experience. Offering simple and easy to navigate user interface, this platform can attract clients who know very little about binary options, CFDs and Forex but want to try themselves at online trading. A unique feature of the trading platform is its customer support service.
Videforex Com Accounts
As mentioned before, VideForex is not regulated by any reputable regulatory authorities. This poses some security risks for traders as they are not protected by regulations. However, VideForex boasts they ensure 100% secured trading with full data protection. As for user fairness, all traders no matter which account type, have access to the same financial instruments available to trade.
VideForex customers can trade on various assets including binary options, stocks, CFDs, forex, and cryptocurrencies. As we will see later in this review, they do not provide industry standard tools such as the MT4. However, this is not to mean that their alternatives are not good.
All accounts get 24/7 live video chat support, withdrawals in 1 hour and the copy trading tool. Videforex broker is an unregulated trading broker that offers a very limited range of Forex, CFDs and Options for trading online. They do not have the popular MetaTrader trading platform and there are no educational resources or additional trading tools provided to assist traders.
The thing is, i was at 7k and because of a pricing error on their half, and I used it to my advantage. Mastering Bitcoin: Programming the Open Blockchain So after i finished the night at 7k, I woke up the next morning to 2.5k in my account.
- The VideForex trading platform seems inherently familiar, as it shares its traits with other similar web properties that offer binary options services through different brand names.
- This poses some security risks for traders as they are not protected by regulations.
- However, VideForex boasts they ensure 100% secured trading with full data protection.
- It is no longer easy for a company to set up an FX/CFD brokerage and hope for the best, as traders have now become more vigilant and proactive while choosing a trading partner.
- Forex and CFD brokers continue to grow at a staggering rate, but the general investor sentiment has shifted towards a more reliable and regulated brokerage service.
- As mentioned before, VideForex is not regulated by any reputable regulatory authorities.
Most online brokers would have some tutorial videos, trading guides and other learning resources to help traders improve their trading knowledge and skills. The copy trading service is designed for traders who want to trade automatically without manual trades.
I defined my own technic simulating different trades during several weeks, and when I was ready to try in real broker, the group I joined recommended this trader. The VideForex trading interface does not have the option of advanced charting or using technical indicators, which can be a serious issue for a beginner, intermediate, and expert traders. Of course, the ability to customise charts, add indicators, and make a detailed analysis of the markets through advanced charts is the fundamental requirement for trading the Forex and CFD market. VideForex does not offer such an ability, making it extremely difficult for traders, and it may even require them to sign up for third-party charting software. As an FX/CFD broker, VideForex has a moral responsibility towards ensuring that it offers the best platform features to its investors.
Xm Com Forex Trading Platform
The use of VideForex platform does not induce much confidence, as the platform is a proprietary interface that offers both binary options and FX/CFD products through a Web Trader. Web traders have traditionally been marginally inferior to installable interfaces, as web-based interfaces don’t provide the much-needed dexterity for trading.