Whereas numerous brokers offer Bank Wire Transfer, Videforex does not support this payment method, which is one of the most secure and reliable methods. 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.
VideForex rewards traders who are dedicated to their brand by allowing them to participate in weekly contests where prize funds of $20,000 are awarded every week. 20 skilled traders receive cash prizes, electronics, tickets, and more from the $20,000 prize fund every week. Other bonuses include an initial deposit bonus that ranges from 20% up to 100% depending on the size of your initial deposit.
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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). Client fund segregation, negative balance protection and compensation services are not guaranteed. Demo accounts are a great way to become familiar with the platform and to test trading strategies risk-free.
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We use dedicated people and clever technology to safeguard our platform. Labeled Verified, they’re about genuine experiences.Learn more about other kinds of reviews. Cryptocurrency is a digital currency, which functioning is based on blockchain techology. The most popular cryptocurrencies are Bitcoin, Ethereum, Litecoin, Dash, Ripple. You can fund your account by credit cards (VISA/MasterCard), Bank wire transfer, Bitcoin, Ethereum, Litecoin, Altcoins, Neteller, Skrill, Perfect Money. This depends on the payment method uses and can be anything from an instant withdrawal or it may take up to several days, as the case may be with bank transfers.
Bonuses are often offered as trading credit which can be used and of which profits can be withdrawn. Videforex follows standard office hours and 24-hour trading hours Monday-Friday. Trading hours vary by instrument and can be found directly on the trading platform, displayed in GMT. Trading Brokers Trading Brokers is dedicated to bringing you unbiased broker reviews, the latest broker news and trading guides to help you along your trading journey.
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- In my case, Videforex has given me more positive experiences than negative ones.
- Brokers often cap bonuses above a certain level and there are strict terms and conditions involved with these bonuses.
- Traders should select GBP as the base currency when creating an account.
- The design feels quite dated and unintuitive compared to other trading platforms I’ve used.
Compare Videforex with any other broker by selecting the other broker below. As cybercrime is on the rise and online scams prevalent, trusting your broker with your confidential data is important. There is no maintenance or registration charge when you sign up for an account. However, if you do not make at least one trade a month, you will be charged $10.
Videforex is an online trading broker based in Seychelles which offers the trade in a variety of Options and CFD instruments to traders from around the world. For a brokerage that has been in operation for a while now, you’d expect the site to offer a lot more information. Obviously, lack of information doesn’t mean that there is a VideForex scam going on. Videforex offers retail clients trading opportunities via their proprietary web trader and mobile application platform. The company is licensed in the Marshall Islands, known for offshore trading and the https://forexanalytics.info/ absence of regulation.
However, they do not provide services to traders from the US and parts of Europe and Asia. VideForex does however offer their services in multiple languages including English, Russian, Spanish, French, Dutch, and Thai languages. Our review of Videforex was disappointed to see limited additional resources for traders. A basic trading tutorial is published on the broker’s website, topics include how to trade CFDs and how to trade binary options. However, there is no economic calendar, live market news streams, or trading updates which are provided by most good brokers.
If you have experience trading with Videforex please share your personal review of the broker and what you think are strong and weak points. This average customer rating is based on 3 Videforex customer reviews submitted by our visitors. Compare the markets and instruments offered by Videforex and its competitors. Please note, some markets may only be available via CFDs or other derivatives.
Not every online broker offers this, making Videforex a good fit for those with limited time or changing schedules. It will take liquidity and external markets for the underlying financial instrument into account. Clients can also select the ‘Live Trades’ tab in the left-hand side of the platform to view the top traders for a particular asset. By clicking on the pages icon on the right, users can copy traders by simply specifying the size of the investment. Movements in the price of foreign exchange and commodities are very unpredictable, hence Videforex cannot guarantee a maximum loss that a trader may suffer.
This 2024 review of Videforex unpacks the broker’s accounts, fees, promo codes, and mobile app. Our beginner-friendly tutorial also explains how to place a trade on the Videforex platform. In my case, Videforex has given me more positive experiences than negative ones. The opportunity to receive the one-hour guaranteed withdrawal processing once the trade is closed is great – everyone loves it when he or she can receive money quickly. I also like the demo account option that provides you with the proper platform to practice and trade without using real money.
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The first was that any international wire transfer withdrawal will be charged an upfront $50 transfer fee. There The Most Important Thing is a 5% transfer fee charged on all credit card deposits, where the is no charge on any other deposit method. A deposit request via credit, debit card or via e-wallet will be processed within 3 hours.
The promotion is only valid for the month of October and ends October 31 at 23H59 GMT with the draw taking place on November 5 at 10H00 GMT. A margin requirement is the amount of capital that the trader has to put down at the start of the trade, or that they have to have available in their trading account, as collateral for the trade. This amount is often lowered substantially when leverage is applied.
Videforex claims to provide a user-friendly and innovative trading platform, as well as various tools, education, and account types to suit different trading styles and preferences. However, as with any online broker, there are also some potential drawbacks and risks involved in trading with Videforex. Therefore, it is essential to conduct a thorough and objective review of the broker before deciding to open an account and invest your money. In this article, we will review Videforex and evaluate its regulation, platforms, tools, education, markets, accounts, and funding methods. We will also provide our verdict on whether Videforex is a scam or a legit broker to trade with.
New clients are asked to submit an initial deposit in the amount of $250. We’re assuming that this will provide one with the lowest account tier, which is Bronze. We noted in this VideForex review that the firm mentions two other deposit amounts, $1,000 and $3,000, in relation to increased deposit bonuses. It very well could be that these two amounts are linked to the Silver and Gold accounts, respectively, but we were not able to confirm this. Most brokers have this requirement set in lots (or micro lots), so the answer was surprising, but not alarming.