In addition to a functional video chat feature, the broker also offers customer service via phone. Customers can call the brokerage company during the day or night. Instead of the world’s most advanced and popularly-used MT4 and MT5 platforms, VIDEFOREX gives traders Web and Mobile App trading platforms. They are especially popular for their automated trading bots, a.k.a. Expert Advisors. 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.

Videforex offers traders a variety of trading accounts that are tailored to the needs and objectives of traders. The policy that the broker has, is that the more is invested, the greater the benefits will be. Brokers offer a variety of trading accounts, or they may only offer a single account, in which they provide certain trading conditions that appeal to a variety of traders according to their trading needs and objectives.

Stay up to date with the financial markets everywhere you go. Movements in the price of foreign exchange and commodities are very unpredictable, hence videforex cannot guarantee a maximum loss that a trader may suffer. There is a banner on the homepage which claims regulation, but there is no regulation indicated on the website.

VideForex Minimum Deposit, Accounts, & Withdrawals

The bonus usually compensates traders for choosing a certain broker, since once the account is active, the trader will have the same expenses as any other. The bonus usually only starts giving some expenses back to the trader once the person has proved himself as an active trader. Margin is the amount required at the start of every trade which is collateral for any credit risks which may arise while trading. It is expressed as a percentage of the position size and traders must ensure that they have adequate funds to cover this requirement. Upon exploration of the Videforex website, there is no information provided with regards to spreads or commissions that are charged. Even when viewing the trading assets, the broker does not provide any information.

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 different options in the market have generated an immense amount of interest among global traders, but VideForex tries to emulate the successful strategy that has been adopted by the company for its sister concerns. 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.

However, this is not to mean that their alternatives are not good. VideForex offers a prominently placed live video chat feature that grants access to an actual customer service representative for 24 hours a day and seven days a week. We found that the broker’s customer service to be one of the best in the industry, and traders can be further elated by the presence of an actual human being answering their queries in real time. Of course, traders can also utilise the web contact form or the phone numbers for contacting the broker directly, but the live video chat feature is the more preferred customer interaction platform for existing clients. 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.

VideForex Mobile Platform

Regardless, we would like to stress that VideForex does not accept traders from the USA, while traders from some parts of Europe and Asia may also be unable to maintain an account at VideForex due to the regulatory constraints. You should consult with your local authorities, as well as VideForex’s excellent customer service department, so as to ensure that you follow all applicable laws while trading Forex and other CFD products with the company. A prominent feature of all FGC brokers is that they process all of their clients’ withdrawals within an hour of a withdrawal request. The average withdrawal time for VideForex is 54 minutes, which is quicker than a majority of brokers. Quick deposits and withdrawals are facilitated through leading payment processors such as e-wallets, credit/debit cards, and cryptocurrency wallets. The broker adopts secure payment channels for the best in funds safety and holds all clients’ money in top European bank accounts.

• When it comes to withdrawal, traders can use all the major payments methods mentioned above.
• They keep giving me the run around stating there must be some mix up that transaction should have been processed.
• Regulation is essential and is among the metrics that traders should use to gauge a given broker reputation.
• Online trading involves significant risk, and you may lose all of your invested capital.

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. 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.

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. VideForex is an international online trading brokerage that provides traders with the opportunity to trade a broad range of CFDs and binary options on an array of financial instruments. The brokerage is owned and operated by Vide Projects Ltd which is a division of Financial Group Corp, an international financial services company who owns numerous online trading brokerages.

When requesting a withdrawal, traders are required to provide identification every time they request a withdrawal, regardless of the amount. In addition, there is also a minimum withdrawal limit of $50. While VideForex is primarily geared towards servicing novice traders, they do offer three different account types that reward traders who make larger deposit amounts. They changed their link from videforex com to videforex.io presumably to get away from all the negative reviews so they can continue scamming. Safe to assume that the 5 star reviews on this new profile are fakes.

Trade Forex and CFD

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 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.

• VideForex is an international online trading brokerage that provides traders with the opportunity to trade a broad range of CFDs and binary options on an array of financial instruments.
• This is an important point when evaluating potential brokers to trade with as the broker must ensure that their traders have a variety of ways in which to contact support should they have queries, questions, or issues.
• 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.
• See below, our in-depth review of the VideForex online trading brokerage and decide if they’re the right broker for you.

Web traders have traditionally been marginally inferior to installable interfaces, as web-based interfaces don’t provide the much-needed dexterity for trading. The VideForex Forex trading platform is also quite conservative in most regards, as it does not offer any advanced charting options, nor does it have any traditional features that are offered by leading third-party platforms. 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.

Brokers often cap bonuses above a certain level and there are strict terms and conditions involved with these bonuses. Bonuses are often offered as trading credit which can be used and of which profits can be withdrawn. Discover a broker you can trust by reading our in-depth and honest reviews, created by industry experts. At least I could pay out the half of my account but every time I have to wait 3-6 months or even longer until the money is paid out, although it is only about amounts between 700 and 1000 usd with each payout. They write that they will get back to me the next day to verify the withdrawal but nothing happens. After 1 week I asked and was told they will get back to me as soon as possible.

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. After having opened the positions I still had a net Liquidity of around 100$+ After a couple of seconds the broker started liquidating all my positions for no reason. It didn’t even liquidate my position to the current price of the option, it liquidated it at the value of 0$. Where he refused to give me his surname after I asked him repeatedly to talk with a supervisor he hung up on.

Bonuses are literally unheard of in the Forex market, mainly since brokers tend to avoid bonuses or promotions due to regulatory guidelines. https://traderoom.info/, due to its affinity to binary options trading, offers a considerable amount of bonus for deposits. 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 must make a few adjustments and improve its products to offer a better brokerage platform. VideForex has three categories of accounts, the Bronze, the Silver, and the Gold accounts, which have VideForex minimum deposit requirements of $250, $1000, and $3000, respectively. The Bronze account is a basic account package that offers simple account features such as a demo account and access to a copy trading tool. The Silver account, with its personal success manager and a master class session, is the more suitable choice for traders, but the Gold account does not appear to offer any obvious advantages over the Silver account. In spite of the regulatory confusion, the FGC assures its traders of the best in services by offering a secure trading platform. Of course, FGC has a massive responsibility to its clients, which is why they try hard in offering innovative services that are designed to give sleepless nights to the competition.

In addition, the broker is not a member of a compensation scheme, thus, should the broker be unable to meet its financial obligations, traders will not be covered, and they may lose their entire investment. Hence, although no deposit bonuses are a great way to help you start trading, the terms to benefit from it often require trading with such a high volume before you can withdraw profits, that it may not be worthwhile. When a broker has won numerous awards and indicates such on their website, it often instills more confidence in the broker as an industry leader and provides it with a good reputation in its solutions and services provision.

I have been waiting on a withdrawal since September 8, 2022 and still no funds sent to me. They keep giving me the run around stating there must be some mix up that transaction should have been processed. The brokers here are very convincing at getting you to invest money and then will not allow you to withdraw. Thanks to a y l a r e c o u p. ,who helped me with my account and could get my money from them..hope that by writing this we can prevent others from losing money.

Traders report having had a great time interacting with the broker through this feature. As mentioned above, VideForex does not offer the fancy Metatrader4 and Metatrader5 trading platforms provided by most brokers in the industry. 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. VideForex’s services are designed to offer a competitive Forex and CFD trading platform for retail traders, but there are some intriguing, as well as a few questionable aspects of trading the market with a VideForex account. Commissions are charged on certain instruments, often when traders are offered with variable or floating spreads, as the percentage charged counts towards the broker’s fee for their services.