VideForex Review

Furthermore, there is no way to verify the legitimacy, credibility, or reputation of the broker. One of the most important decisions you can make as a trader is to choose a reputable trading brokerage that’s right for you. While there are numerous viable online https://traderoom.info/videforex-a-reliable-broker/ trading brokerages out there to choose from, it can still be difficult knowing which one is right for you.

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. Offering incentives for reviews or asking for them selectively can bias the TrustScore, which goes against our guidelines. Note, there are no third-party platforms such as MetaTrader 4 or 5. Above all, our experts assess whether a broker is trustworthy, taking into account their regulatory credentials, account safeguards, and reputation in the industry.

Featuring search, home screen and order book, and other important features, it helps traders access and uses data more instantly. Moreover, it offers real-time updates on currencies and their changing prices. Ideally, the Videforex dashboard has everything to ensure fast and efficient trading. For enhanced convenience to users, Videforex offers its services through different packages that are accessible through three distinct account types.

Trading Hours

1. Every Sunday at 21.00 GMT, the competition begins and concludes at 21.00 GMT on Friday.
2. Overall our online Videforex review was conducted with the details obtained from the demo trading and the forex brokers website.
3. Processing times may vary depending on the method and network involved.
4. The information and videos are not investment recommendations and serve to clarify the market mechanisms.
5. The comprehensive mobile management capabilities of the Videforex app make it a powerful tool for traders who require constant access to their trading portfolio and market data.

Traders who use VIDEFOREX do not need to download any additional software. All they have to do is login into their account using their browser, which will instantly access the broker’s web platform. You may always utilize the web-based platform, which is equally mobile-friendly if you would not want to install any apps. The website claims 95% profits in 60 seconds and obscene sign-up incentives. Videforex’s lack of financial authority regulation should always raise a red signal when picking a trustworthy broker.

Major flaw and a warning light is the fact that Videforex provides demo account only after you make a deposit! This is something we haven’t come across during broker reviews for quite a while. Most online brokers today provide unlimited practice account without any commitment from the client. A requirement for a deposit before a test drive is not a good sign.

1. Ethereum (ETH) is the second-largest cryptocurrency after Bitcoin and allows developers to create smart contracts on a platform.
2. Our Videforex broker review will cover their UK account registration and login process, spread offering and minimum deposit requirements.
3. The only disadvantage I have experienced is the absence of MetaTrader 4 and 5 platforms’ presence.
4. There is only a FAQ section with a few questions and their respective answers, although no other insight is truly provided.
5. However, it is advisable to read its terms and conditions thoroughly before using it.

The fastest withdrawal processing I’ve experienced is Videforex’s guaranteed payouts within 1 hour after settling trades. I’ve tried requesting various same-day withdrawals, and each time the funds hit my account in under an hour. The swift withdrawals allow me to compound my winnings quickly. However, Videforex’s web and mobile platforms have a bit of a learning curve.

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. Videforex offers retail clients trading opportunities via their proprietary web trader and mobile application platform. We offer impartial reviews of online brokers that are hand-written, edited and fact-checked by our research team, which spends thousands of hours each year assessing trading platforms.

As an advanced trading tool, it deprives traders of the opportunity to augment their trading capabilities. It allows traders to fund their accounts from any part of the world. While Videforex is a new entry in the trading world, it has become quite popular among traders. Through this platform, you can use numerous financial instruments. The broker charges a commission of up to 2.5% for opening a cash crypto CFD position.

However, the absence of MetaTrader platforms is a limitation for traders accustomed to those tools. Last week, I wanted to see how Videforex works when it comes to withdrawals, and I can tell you now, I’m quite pleased with what I saw. So I went for a $200 withdrawal using a crypto payment method and the whole process ran smoothly. It took an hour after I managed to settle in my trade to have the funds transfer to my wallet.

Assets

The 24/7 live support and free access to advanced trading features make Videforex’s app an outstanding resource, especially valuable during off-hours when immediate assistance is crucial. Live pricing data and 24/7 support chat functionality make Videforex’s app a vital tool for active traders, ensuring they have the necessary resources to make informed decisions anytime. This amount is often lowered substantially when leverage is applied. For example, let’s assume that a company ABC’s stock price currently trades at $24.

Asset classes and trading offers of VideForex

Essentially, you open an account and deposit your money on the web-based platform, then you can choose whose trades to copy. Videforex is an online trading platform where you can invest in various financial assets such as currencies, stocks, and commodities. Some people claim it’s legitimate, while others worry it might be a scam. In this review, we’ll examine Videforex’s licenses and regulations from trustworthy financial authorities to help you decide whether to proceed with this broker or not. Traders can use the demo trading account to get real-life trading experience and market knowledge. The demo account by Videforex gets activated after you fund your real trading account with the minimum deposit amount.

Videforex provides tremendous bang for buck by offering their full-featured proprietary trading platform across web and mobile apps completely free. However, the lack of integration with industry-standard MT4 and MT5 platforms is a drawback since many pros rely on those for automated trading. But their proprietary software capably covers all my research, analysis and execution needs at zero cost. 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.

Measuring tools can be found here as well and will be used if you want to measure your risk or probable gain. Furthermore, tools can be found on the bar on the left of your charting software. These tools will allow you to draw patterns and mark significant price points that you can use for your trades.

Overall, the Videforex platform is an excellent choice for investors willing to step into Binary Options or CFD trading. The Investing Brokers team have over 15 years of experience in the online brokerage industry and are committed to providing reliable information for all of the brokers that we review. Videforex has a rating of 3.4 stars from 31 reviews, indicating that most customers are generally satisfied with their purchases. Reviewers satisfied with Videforex most frequently mention real time. This is not applicable to Videforex as there is no indication that a demo account is offered.