You’ll have the option to view a Forex simulator platform tutorial or skip it. You can also choose whether to receive updates and bonus offers. Start by visiting a reputable broker directory like TradingFinder. Locate Videforex in the list of binary options brokers and click “Go to Website”. The processing time for each transaction is pretty fast and instant processes take place.

What are Videforex’s minimum deposit requirements?

It’s an amazing option for busy traders who must create a trading schedule according to their needs. This trading broker is owned and operated by Vide Projects Ltd. All ways of depositing are fast, except for Perfect Money, which requires an hour.

Then they can select the currency pair and click on the buy option. Above all, traders can earn positive returns if they use these tips to trade here. Yes, without any second thoughts, the VideForex trading terminal is pretty good as it offers many kinds of kind facilities. Then, the traders can use either head to the official website to download the software or even google the software.

Firstly, you need to create an account on the Videforex app by furnishing some basic details. Remember, for opening a trading account; you may be required to fulfill certain guidelines. No traders from the United States are unable to open an account and trade with Videforex. Despite this, Videforex is a legitimate broker and not a scam.

In the next section, we will show you exactly how to trade options and average true range CFDs on the Videforex platform. By accessing TradingView’s full version even while using the one found on VideForex’s platform, you will be able to save new charts or even load existing ones for convenience. All your data is stored in your VideForex account so that you don’t have to add all your drawing tools again. For CFD’s and forex, clients will also immediately have access to VideForex’s charting software that is fully customizable. Their charts are powered by TradingView, the leading application for all your charting needs.

Depositing funds are usually instant so to ensures that VideForex clients can start trading right away. As previously mentioned, the minimum deposit depends on which account type you want to open. Gold accounts are also given access to the same features as Silver accounts. The only difference is Gold clients will be given a personal success manager and a 100% bonus instead. Since its launch in 2017, the popularity of the CFD, forex, and binary options broker has grown. 4000+ client accounts have been opened and the brokerage has processed close to $500,000 in withdrawals.

Commissions and Fees

Videforex is an unregulated trading service based in the Marshall Islands. Since its inception, VideForex has gained over 5,000 clients from around the globe. They also boast of a trading volume of over $4 million and a total of more than $450,000 payouts to traders. All content on this site is for informational purposes only and does not constitute financial advice.

The broker is operated by Vide Projects Ltd, a company registered in Seychelles, an offshore jurisdiction that does not regulate forex or binary options trading. This means that Videforex is not subject to any audits, inspections, or compliance checks by any authority. It also means that the broker can set its own terms and conditions, fees, and policies without any transparency or disclosure. Also, some features depend on the account type while other features are offered for all VideForex account types.

Although you’ll be sending messages on a public group chat, a private chat feature is available for registered clients. These methods are Visa or MasterCard debit or credit cards, Bitcoin, Altcoins, and Ethereum. Funds will be credited to the account instantly, but it is worth mentioning that you might need to wait a little longer if fortfs review you deposit during weekends or public holidays. Once an asset is selected, we suggest looking at its historical price first and do your research on this certain asset. It gives a huge advantage when traders know the recent economic news or even company background.

While the broker might be a credible trading platform, they are closely run by other offshore brokers making them unreliable. For this reasons, we recommend that you take extra precaution when opening an account with them. While trading in a demo account, you can develop hands-on experience. You can use this experience for better strategy development and properly understanding the market conditions. After you gain proper confidence with the demo account, you can then start real trading by investing the real money. It allows traders to fund their accounts from any part of the world.

Even though Videforex does not charge the lowest fee, it does not mean that it is exorbitantly expensive. Choosing a broker whose fees are either too low or too expensive is not a good idea. This is because the one who charges high may sting your profits, and the one who charges too low may not offer you reliable and speedy services. When a trader signs up with Videforex, account verification is not required and your account status will remain not verified until a withdrawal is requested. As per the user agreement, payment rules state that a withdrawal of any value requires customers to verify their identity before they can receive funds. Videforex launched in 2017 with its headquarters based in the Marshall Islands.

This is a mandatory process required for verifying the trader’s identity and demographic details. One of the most exciting things about Videforex is that it offers weekly contests for traders. Not only do these contests help you get hands-on experience, but they also bring attractive cash rewards. These contests are open to both beginners as well as experienced and have a prize fund of around $20 000.

• Every Sunday at 21.00 GMT, the competition begins and concludes at 21.00 GMT on Friday.
• Your virtual funds will depend on how much you decide to deposit into your trading account.
• This promotion allows you to place trades without the risk of losing your initial investment.
• All your data is stored in your VideForex account so that you don’t have to add all your drawing tools again.

Brokers in this location do not have to adhere to any financial regulation so we recommend caution before making a deposit. The firm also claims to have invested in a high-tech system for data protection. However, there is no evidence of negative balance protection or other fund protection policies normally seen in brokerages registered with the CySEC or FCA. Trend following involves identifying the direction of the market trend and placing trades in the same direction.

Videforex review for traders – How good is the broker?

Make sure to read the Risk Statement and Terms forms before you hit that sign-up button. Charting for CFD’s and forex will be in Candlesticks and can be further customized into Bars, Candles, Hollow Candles, Heikin Ashi, Line, or Area charts. Time intervals for charts can also be changed into five different time frames, which are 1m, 5m, 15m, one h, and 1d. Trading has become so popular nowadays that people are choosing to focus on it rather than have to go to their nine to five jobs. This is understandable because trading can be done in the comfort of your own home.

User Reviews

Although adding funds through Bitcoin, Altcoin, and Ethereum won’t require you to pay additional fees, Visa and MasterCard transfers have a 5% fee. After setting your order type, you should set the corresponding expiry time and date of your option. Subsequently, you could turn on VideForex’s Fix Time mode to properly time your trades. 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.

While it does not have stylish and modern tools, we were impressed by its uniqueness as well as its ability to support multiple functionalities. VideForex is a new brokerage company that offers Forex and CFDs alongside binary options and other products. The Scotland-based broker was launched in 2017 and is a subsidiary of the Financial Group Corp (FGC). While FGC owns the rights to the VideForex brand, the broker operates as a separate legal entity. Not to mention that the minimum deposit amount for CFDs, forex, and binary options are the same. Traders can use these tools to perform the required technical analysis for making accurate trading speculations.

• Every trader should analyze their performance meticulously,and I appreciate that Videforex provides full access to my comprehensive trade history.
• There are two types of advertising services on the website — direct advertising or partner (broker) participation programs.
• Videforex has a plethora of benefits along with impressive features.
• Make sure to read the Risk Statement and Terms forms before you hit that sign-up button.

BINARY TRADING: All you need to know about

However, their app interface does seem less intuitive compared to other advanced platforms I’ve tried. There are no additional details regarding this tool on the broker’s website, so we’re going to assume that it is built into the trading platform as standard. 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.