Provide your email, a secure password, first and last name, phone number, and select your account currency. Expiry times are flexible across all accounts, starting from as little as 5 seconds and extending up to one month. The company behind the brokerage, Involva Corp, is registered in the Marshall Islands. And so I advise you to be very careful in deciding to trade with VideForex from my end I wouldn’t recommend it due to the negative feedback found. The information for VideForex address or the regulations aren’t stated clearly on the website and hence it raises the question of the reliability of the broker. This step is crucial for ensuring the security of your account and complying with regulatory requirements.
The Silver Account
It is actual stock market indexes that measure the value of a specific section of a stock market. Apart from this information, there is no other information on the terms and conditions of the referral bonus. For instance, should there be a 1% margin requirement on a position of $1,000,000, the trader must cover a margin requirement amount of $10,000. The margin requirement must be equal to or more than 100% for the position to be opened. In most instances, such a statement is a red flag and may bring the legitimacy of the broker into question.
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- While the drawing tools available on candlestick chart are adequate it might not be the best option for master technical analysts.
- Once you are confident trading with a demo account, you can start investing the real money.
- Leveraged products, such as Forex, increases the potential profits of the trader, but it also increases the risks and subsequent losses that the trader may incur.
Visit the Videforex website and click on the “Sign Up” button located in the upper right corner of the homepage. You will be directed to a registration form where you need to provide your email address, phone number, full name, and preferred account currency. Ensure that you choose an account currency that aligns with the currency you will be depositing to trade. After completing the form, read and agree to the Terms & Conditions, and then submit the form by clicking the “Next” button.
User Reviews
The firm has grown in popularity due to the increase of swing trading binary options, CFDs and FX. Videforex.com offers a bespoke trading platform on the web and a free mobile application. Videforex offers services in multiple countries and supports different payment methods. It is done so traders can quickly initiate a trade from any part of the world. Recently, this platform has also started accepting payments through digital currencies. Videforex is one of those brokers that does not have any form of regulation.
Step 4: Familiarize Yourself with the Platform
VideForex offers a minimum deposit of $250 which is somehow higher when compared to brokers of its category. Forex, binary options, cryptocurrency, and CFD trading on margin involve high risk and are not suitable for all investors and traders. Crypto withdrawals are free, but credit card withdrawals incur a 5% fee. To minimize costs, using cryptocurrencies like BTC, ETH, or LTC is recommended. VideForex headquarters are in the Marshall Islands, and more than 100 assets are available to trade.
- Education refers to all the learning material and tools offered by brokers which is imperative for traders in their trading activities, especially beginners.
- 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.
- More than 5,000 customers have signed up for an account since the brokerage started and withdrawal requests are processed in just 30 minutes.
- Videforex will show a customer’s deposit as pending while it waits for confirmation from its payment system.
- You have to make sure that your chosen broker is trusted and does not suffer from bad press.
- However, the lack of assets to trade, regulation and platforms could be red flags for some.
Payments are also verified by Visa and MasterCard using a one-time code. When we used Videforex, we found that deposits are processed instantly while withdrawals can take up to one hour. Clients can also select the ‘Live Trades’ tab in the left-hand side of the platform to view the top traders for a particular asset.
The broker also offers promotions and bonuses, 24/7 video chat and several funding methods. On the downside, more advanced traders may find the single platform and the low number of assets available limiting. And critically, Videforex is unregulated and should be reviewed carefully before committing funds. VideForex features their very own proprietary web based trading platform that’s accessible via any web browser on most desktop computers and smart mobile devices. The platform is not required to be downloaded or installed and is accessible from anywhere in the world. Upon using the platform for the first time, it’s evident that it is intuitively designed and great for beginner traders.
Market Analysis
The Videforex ‘Contact’ section offers the option of completing an online contact request. There are also numerous telephone numbers for assistance in various jurisdictions. This involves the trading of gold, silver, and other precious metals as hard commodities that are contract-based tradable. Forex trading, or currency or FX trading, involves the currency exchange market where individuals, companies, and financial institutions exchange currencies for one another at floating rates. Traders, despite their trading experience and investment size, should be provided with the same benefits.
The next account type that Videforex offers is the Silver account. It targets the traders who have gained a good experience in binary options. Like other trading platforms, Videforex also offers different trading account types to its users. Each trading account has a different minimum deposit amount and features. VideForex customers can trade on various assets including binary options, stocks, CFDs, forex, and cryptocurrencies.
No, VideForex does not accept traders from the United States due to legal restrictions. Users have the option to receive “Daily Signals” from the broker; it can be enabled through the notifications settings in the personal cabinet. The Settings tab grants control over payment configurations, account verification, security features (like 2FA), interface preferences, and videforex trading notification alerts. Traders can also track market sessions and select custom timeframes to suit their preferred trading windows. Verify your identity on the platform using the related options in the “Profile” section.
This trading broker has a simple interface, including all the elements that traders require for properly trading binary options and CFDs. If you are a day trader, you need to know that Videforex has sophisticated day trading. What’s better is that you can trade through different trading platforms. This trading broker is designed in a way that it can correctly meet the needs of investors and traders present at all levels. Videforex offers its services in all the countries except the US and a few regions of Europe and Asia.