VideForex Review

videforex

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. Finally, this broker offers binary options trading, which is a rare feature compared to other forex brokers. On the other hand, the choice of only 100 assets is not so broad – with some brokers like Monfex offering more than 200, including major currency pairs, stocks, crypto, and others. Videforex has quite an average offering compared to many other online brokers.

FP Markets Fees and Spreads

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Videforex warns potential customers that Forex and CFDs trading carries a high risk and may not be suitable for all investors. The Videforex ‘Contact’ section offers the option of completing an online contact request. There are also numerous telephone numbers for assistance in various jurisdictions. Traders are urged to take caution when dealing with such brokers as they may be scams and traders are further urged to ensure that they conduct thorough research to ensure the legitimacy of brokers.

Videforex vs Other Brokers

The broker offers over 60 currency pairs to include Majors and minors and also popular cryptocurrencies. With VideForex, traders can also access major stocks across the globe including IBM, Coca-Cola, Microsoft, Facebook, Alibaba, and many others. Beginner traders mostly prefer brokers with an affordable minimum deposit requirement. VideForex offers a minimum deposit of $250 which is somehow higher when compared to brokers of its category. The Videforex mobile app is a user-friendly trading solution for Android devices. It offers a full suite of tools and features and is a good supplement or alternative to the desktop solution.

What payment method does Videforex support?

Most brokers have this requirement set in lots (or micro lots), so the answer was surprising, but not alarming. A requirement of a $1 investment is very reasonable and no cause for concern. Live pricing data and 24/7 support chat functionality make https://traderoom.info/‘s app a vital tool for active traders, ensuring they have the necessary resources to make informed decisions anytime.

videforex

VideForex is a part of a thriving group of binary options properties under the FGC brand, and we did expect the company to offer full access to its existing set of financial assets. True to their promise, VideForex has more than 160 instruments from four asset classes, namely, Forex, commodities, indices, and stocks. The company has also added a few cryptocurrencies to the mix, but the choice of cryptocurrencies is not as large as some of the other brokers. VideForex has managed to acquire close to 5500 active users since its launch in 2017, with a monthly transaction volume of close to $5 million. VideForex should offer more clarity for its traders, and we expect the company to update the information at the earliest.

The better customer care service of Videforex distinguishes it from other trading brokers that do not have this effective service. So, register yourself with Videforex and get your issues quickly resolved. Videforex is one of those brilliant trading brokers that allows you to place trades for just $1.

But their proprietary software capably covers all my research, analysis and execution needs at zero cost. The last account type, i.e., the Gold account, is for professional traders who want to build a significant career in binary options trading. So, if you are serious about trading, you must choose this account by paying a minimum initial deposit of $3000. Videforex is a top-rated CFD, forex and binary options broker. Our review covers everything you need to know about the online trading platform, including the sign-up and login process, plus how to deposit and withdraw. Videforex offers clients its proprietary web trading platform.

  1. You can get to your choice of currency pairs, commodities, and indices with just a few clicks.
  2. A prominent feature of all FGC brokers is that they process all of their clients’ withdrawals within an hour of a withdrawal request.
  3. Regardless, the broker has an excellent withdrawal policy that processes every client withdrawal within an hour, which indeed implies that the broker is serious about delivering on its promises.
  4. Upon going to the VideForex website you are greeted by a friendly live support representative that you can see and interact with.
  5. It allows traders to fund their accounts from any part of the world.

https://traderoom.info/videforex-a-reliable-broker/ traders have the option to double up or rollover their positions. Videforex has its own mobile app which supports the broker’s web-based platform. It is available to download for both Android and iPhone through the respective app stores or from their website. Registration is required before demo account credentials are provided.

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. It’s not a major issue but it does require some time to get accustomed to. VideForex aims at attracting traders through a 24 hours customer service team that is available through an innovative video chat feature. The live video chat option offered by the FGC group of companies has received positive acclaim from existing customers and is excellent at providing a human presence while offering support. The 24X7 live video support is complemented with phone numbers and a web contact form, which ensures that traders can receive professional support from the broker at any time of the day or night.

There are various account types and their features are clearly explained. However initial deposit is not low although it’s not high either. In order to open a demo account with VideForex, you need to have access credentials and in order to get them.

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. The only drawback is that Bronze account holders can only access the copy trading tool, while the master class sessions and personal success managers are reserved for the Silver and Gold account holders. VideForex offers three types of trading accounts namely Bronze, Silver, and Gold.

Silver and Gold account holders are provided with access to a web session “Master Class” that presumably teaches how to trade Forex. Again, no additional details were provided about how or when to access this class. Aside from these two extras, it would seem the only other tools would be those within the trading platform. By offering options across these markets, Videforex enables traders to enjoy flexibility and diversity, allowing them to speculate on market movements while controlling their risk and reward.

However, there is no economic calendar, live market news streams, or trading updates which are provided by most good brokers. Over the past five years, he has gained experience trading currencies, stocks, options, and futures. Theo’s trading experience led him to test out over one hundred different trading services and he shares his insights in reviews to help other traders.

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