The free mobile terminal offers straightforward order management, plus direct deposits and withdrawals via APP. Investors can also use their browser-based login details to access the mobile platform. 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.
Their customer support is crappy
One aspect that makes Videforex stand out from the crowd is customer support. It is one of the very few brokers that provide 24/5 live video chat. Apart from this, you can also request a callback or contact customer support via mobile phone. The company is licensed in the Marshall Islands, known for offshore trading and the absence of regulation. Traders who deposit funds with a broker with no regulation do so at their own risk. In the UK, financial service providers must be regulated with the Financial Conduct Authority (FCA).
Do not trade on this platform
Videforex processes all withdrawal requests within 1 hour. If you make any money with these people they block your account. 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. Every now and then, they post promo codes on their Twitter or Instagram account, and they even give away codes as soon as you create an account.
they scammed me close my account and…
- Clients simply need to decide whether the price of an underlying asset will rise or fall.
- 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.
- Videforex uses a 3D secure money transfer and SSL certified 256-bit funds processing.
- Trading on the platform is straightforward for both beginners and experienced investors.
When it comes to this broker’s customer support representatives, they are prompt to reply and are often able to answer queries and help with concerns. They support multiple languages to make sure that all their clients will be able to get the support they need. To trade CFDs or Forex, you need to select what you want to buy or sell from the list of asset classes and their respective list of assets. The assets you can trade here include currencies and CFDs for commodities, Cryptocurrencies and crypto pairs, Indices, and Stocks. Turbo allows clients to set trades that expire within the next 30 minutes, while Intraday orders expire when the day ends. On the other hand, clients may choose to execute Long Term positions that expire within the next month.
Although, I believe the interface could be more intuitive. It’s not a major issue but it does require some time to get accustomed to. VideForex has followed the exact layout of its other web properties, where the accounts are categorised into three distinct packages. The cheapest account is a Bronze account, which has a minimum deposit requirement of $250, but you get access to a free demo account, copy trading tool, and the basic account features. 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.
According to the Videforex website, there are a number of bonuses and promotions. 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.
Videforex is an online broker specialising in forex, CFD, and options trading. Clients can access 100+ assets on their proprietary trading software. Our Videforex broker review will cover their UK account registration and login process, spread offering and minimum deposit requirements.
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. VideForex faces various challenges in the highly competitive industry, where traders have access to some of the best brokerages and service providers to trade Forex and CFD products. The confusing information provided on its website also points to the bewildering fact that the company has yet to make a complete switch to the FX/CFD market. Videforex provides tremendous bang for buck by offering their full-featured proprietary trading platform across web and mobile apps completely free.
They also tout a trading volume of over $59 million as well as a total of $ in trader pay-outs. Videforex does not offer a wide variety of payment methods that can be used to make deposits and withdrawals. Whereas numerous brokers offer Bank Wire Transfer, Videforex does not support this payment method, which is one of the most secure and reliable methods. There are more than 100 financial instruments spread across a variety of asset classes that can be traded through the proprietary Videforex trading platform offered. 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.
I was upset that I had put in a request that didn’t get processed, instead, someone was trying to convince me not to withdraw it over a bonus. I emailed videforex that Friday night letting them know my frustration and to request the rest of my money because I would no longer be using videforex as a broker. The following Monday, my account was DEACTIVATED for SUSPICIOUS ACTIVITY and I never received another $ off my account and it’s sickening. Videforex only offers its own proprietary trading platform on the web and mobile. There are no research tools offered which is a substantial drawback.
Videforex has an easy-to-understand interface, which is suitable for novice traders. This trading broker has a simple interface, including all the elements that traders require for properly trading https://traderoom.info/videforex-a-reliable-broker/ binary options and CFDs. If you are searching for a reliable broker that offers the best trading service, you must choose Videforex. It’s an excellent choice for traders from all around the world.
Trading this asset derivative is slightly different compared to regular trading but is considered to be higher risk, but it also gives more reward for a successful trade. Additionally, whether it’s going long https://traderoom.info/ or short on puts and calls, the expiry of your option will greatly influence your trading strategy. In the next section, we will show you exactly how to trade options and CFDs on the Videforex platform.
The financial products offered by the promoted companies carry a high level of risk and can result in the loss of all your funds. You should never invest money that you cannot afford to lose. VideForex makes sure that all their clients have what they need.