Forex regulators are tightening their guidelines to prevent brokers from offering any promotions, which makes it all the more attractive to invest in reliable brokers operating from tax havens. By opening an account at VideForex, traders can choose anywhere between 20% and 100% deposit bonus, on top of the regular trading contest that assures of weekly prize money of $20,000. Each remarkable trader can earn up to $5000 in prize money for beating the competition, and the prizes are handed out every week.
VideForex does not fall short in terms of the number of financial assets available to trade on their platform. For instance, traders https://traderoom.info/ can participate in the global markets by trading over 15 forex currency pairs, 9 commodities, over 80 stocks, and 13 market indices.
The Silver account should offer access to better services such as a personal success manager and an informative masterclass session, but the minimum investment is $1000. 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. In this Videforex review, we will take a look at some of the most important factors worth considering when choosing a forex broker for your online trading needs.
VideForex does however offer their services in multiple languages including English, Russian, Spanish, French, Dutch, and Thai languages. Established in 2016, Videforex is regarded as a new Price Action Trading Guide entrant to the binary options trading industry. Despite being the new kid on the block, this broker has been garnering a considerable amount of attention for the online trading community.
The bonus for Bronze account starts from 20%, while the Gold account offers a maximum of 100% bonus on the deposit amount, subject to some maximum bonus limits. These bonuses are offered for all new account holders, where traders are given the opportunity to reject the bonus to have more control over their trading capital. A bonus will always have a few trading conditions, which can prevent you from withdrawing your money without trading the minimum required volume. VideForex also offers a “First 3 risk free trades” service to its Silver and Gold accounts owners. It is done to support the financial positions of the clients who have a negative total on the first three transactions. Yet this sum cannot exceed the amount of a deposit initially made by the user. To activate the offer, the trader has to contact his account manager.
As an FX/CFD broker, VideForex has a moral responsibility towards ensuring that it offers the best platform features to its investors. 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. 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. Unfortunately, VideForex is not very transparent with their associated fees and commissions.
All the brokers registered with them are subject to a lot of rules, including reporting client activity, providing fair order execution and security for traders’ funds. The latter is done via segregation of accounts – the company doesn’t have full access to the deposits. Furthermore, the Financial Services Compensation Scheme provides protection against the broker going bankrupt.
How To Work With Videforex?
VideForex offers an interesting new concept in binary options brokerage with its exciting video support format that brings something unique to the market. This recently launched broker offers plenty of assets across all four main classes and has a well designed, user-friendly interface that is intuitive enough to be used by traders at all levels. This broker even offers copy trading which is ideal for those who are new to binary options investment. VideForex provides novice traders with an exceptional online trading experience with a personalized level of support that boosts the trader’s confidence and ability to trade. The trading platform featured by VideForex is very simple yet sophisticated enough to competently trade CFDs and binary options on a variety of financial assets. The brokerage may not be licensed or regulated, but they have thus far proven to be a reliable and competent online trading broker. All in all, we would highly recommend VideForex to beginner and novice traders around the world.
We would prefer the company altering its strategy a bit to develop VideForex as a standalone product, rather than following a template that was established for its binary options web properties. Regardless, VideForex does have a demo account option, and traders can withdraw their money from the broker if they are not impressed with the broker’s products, platforms, or services. Bonuses are literally unheard of in the Forex market, mainly since brokers tend to avoid bonuses or promotions due to regulatory guidelines. VideForex, due to its affinity to binary options trading, offers a considerable amount of bonus for deposits.
This includes trading platforms, trading tools, research and education, account funding options, customer support and broker regulation. VideForex platform is accessible not only on the web but also on mobile devices. Due to a special iOS and Android apps, the traders can “keep their hand on the pulse” wherever they go. The set of functions available in the app allows to trade binary options and CFD, communicate in the live chat, deposit and withdraw funds. The clients wishing to have VideForex on their smartphones and tablets can download the app for free. A unique feature of the trading platform is its customer support service.
This page offers a detailed review of the brokerage, covering everything from accounts and costs to platforms and regulation. Finally, after considering the benefits and risks, a verdict as to whether this firm makes the list of best day trading brokers will be given. Videforex is an online broker that was founded in 2016 in Seychelles. The broker has around 100 assets for trading across different asset classes such as forex, commodities, cryptocurrency, stocks, metals, CFDs, and more.
They do however have a variety of useful trading account funding options. Although we were unable to find any evidence that the forex analytics broker’s mobile apps still exist, the web-based version of its trading platform offers a fairly good trading experience.
You might be curious as to why a new broker is able to draw so much attention from the traders. Here it is, Videforex is the first binary options broker that has decided to incorporate a live video feed system for the customer support service is one of these reasons. Videforex broker provides a variety of different trading accounts to suit individual traders needs. The more that is invested in this broker, the greater the benefits. We are not big fans of this policy as we prefer that traders of all experience levels and investment sizes are given the same benefits. All accounts get 24/7 live video chat support, withdrawals in 1 hour and the copy trading tool.
Videforex Review: Trading Tools
A relatively new entrant to the broker scene, VideForex has pioneered one of the most innovative trading features in live video chat. What this allows is for you to speak to a member of their customer services team at any time . 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.
- Finally, after considering the benefits and risks, a verdict as to whether this firm makes the list of best day trading brokers will be given.
- Videforex is an online broker that was founded in 2016 in Seychelles.
- However, the broker is not regulated, and they do not provide clients with the popular MetaTrader trading platforms, educational resources and additional trading tools to assist traders.
- Videforex offers non-stop trading even over weekends, 24/7 multilingual customer support, and secured trading with full data protection.
- The broker has around 100 assets for trading across different asset classes such as forex, commodities, cryptocurrency, stocks, metals, CFDs, and more.
- VideForex may need to pay close attention to their peers, as currently, a demo account is only offered for verified account holders who make a deposit.
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.com offers cfds and binary option for your personal investment and trading options.
Forex Peace Army
At VideForex.com, you can day trade binary options, forex, and CFDs 24/7. Not every online broker offers this, making VideForex.com a good fit for those with limited time or changing schedules. Quite simply, it ensures entering a position on the way to work, before bed, or late on a Sunday evening will always be an option.
This is largely because Videforex is the only platform in the entire binary options trading industry that has provided a live video feed of the people that you talk to on live chat, email or telephone. 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. There is a variety of convenient payment methods but no educational resources to help inform traders.
This is particularly true for binary options traders and beginners who don’t require a lot of advanced analytical tools, which the platform is largely lacking. For basic binary options trading, however, the platform definitely does what it should do. The VideForex apps for smartphones and tablets are developed as binary options platforms that also support Forex and CFD trading. 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.
We weren’t impressed with quite a few factors about this company, but gave them a few tenths of a point for the creative approach. In this review, we will focus on the spot trading aspect, while leaving the binary options behind. A prominent feature of all FGC brokers is that they process all of their clients’ withdrawals within an hour of a withdrawal request.