In addition to supporting mobile trading, the platform is simple and comes with many features. To open trading accounts with VideForex, customers are required to deposit $250. Funds can be deposited through various means including credit card, bank transfer, Skrill, Neteller, and PayPal. VideForex also supports Perfect Money, Altcoins, Bitcoin, and Litecoin among other widely used cryptocurrencies. VideForex offers three types of trading accounts namely Bronze, Silver, and Gold.
- The representatives were able to handle simple questions without any trouble.
- When traders come across the words “demo account,” they expect it to be free.
- As we will see later in this review, they do not provide industry standard tools such as the MT4.
- The Videforex mobile app is a user-friendly trading solution for Android devices.
- However, when it comes to stocks, there are over 50 CFD stocks available.
VIDEFOREX Similar Brokers Deposit
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.
Trading conditions for users
Despite the number of features and benefits, Videforex has some drawbacks. You must carefully check those drawbacks before getting registered with this trading platform. It allows traders to fund their accounts from any part of the world. Videforex is one of those brilliant trading brokers that allows you to place trades for just $1. While Videforex is a new entry in the trading world, it has become quite popular among traders.
VideForex is one of the first brokerage service providers in the industry to implement the video chat feature. Traders report having had a great time interacting with the broker through this feature. They operate on a web-based platform where traders can easily carry out their trading activities. In general, we found their unique trading platform easy to navigate. While it does not have stylish and modern tools, we were impressed by its uniqueness as well as its ability to support multiple functionalities.
Trading Accounts
FOREX.com is authorised and regulated by the Financial Conduct Authority (FCA) in the UK. The platform is designed for informed traders who understand the risks of leveraged trading. Videforex launched in 2017 with its headquarters based in the Marshall Islands.
It has tempting weekly contests, promo codes, a bespoke trading platform, plus live video support. In addition, with several online trading accounts, straightforward setup and use, this broker is an attractive proposition for both beginners and experienced investors. Keep in mind though, Videforex is unregulated, and we always recommend caution before trading with unlicensed providers. Videoforex’s commitment to providing a seamless trading experience is evident in their real-time price feeds and the ability to process withdrawals within an hour.
Mobile App Deposit Steps (if applicable)
The minimum deposit for the Bronze account is $250 while that of Silver and Gold is $1000 and $3000 respectively. As you all know, VideForex is a trusted Forex and CFD platform because of its popularity. You also have binary options trading with the help of its different sister companies. In addition, VideForex has extremely powerful company fundamentals, which assure that traders can rely on the company for the long term. In contrast, it may not be very comforting at first, seemingly due to the contradicting information given on the website.
Videforex does not permit its clients to use features like forex expert advisors. In addition, it is incompatible with several tools and indicators. They use a 3D secure money transfer and SSL certified 256-bit funds processing. The platform charges a swap fee of 0.07% of the face value of the position to hold a position overnight. 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.
How can you close your Videforex account?
However, to be able to trade using the demo account feature, clients will need to deposit at least $250. For options trading, you will notice that you are not able to trade indices and are limited to only forex, commodities, stocks, and cryptocurrencies. To trade options, you must learn the basics of what a binary option is and the definition of the common terms such as put and call. VideForex’s mobile application functions the same way as its web-based platform. Here, you can trade all the available assets and even withdraw and deposit at a click of a button. This makes it convenient, especially for clients who don’t have the time to sit in front of a computer all day.
Besides the USA, Videforex offers its amazing trading services to traders worldwide. This trading broker is designed in a way that it can correctly meet the needs of investors and traders present at all levels. Videforex offers its services in all the countries except the US and a few regions of Europe and Asia.
- This is understandable because trading can be done in the comfort of your own home.
- They offer three types of accounts- Gold, Silver, and Bronze.
- The most prevalent gadgets are tablets, PCs, telephones, & smartwatches.
- Videforex also offers attractive bonuses, fast withdrawals, and trading contests for its clients.
- It offers a full suite of tools and features and is a good supplement or alternative to the desktop solution.
Please note, some markets may only be available via CFDs or other derivatives. Traders also get a chance to use unique tools that increase their chances of winning a trade. Furthermore, the clients of Videforex can participate in the competition and win huge rewards. As you can see, the higher you invest, the better features you get.
Trading Conditions
Their charts are powered by TradingView, the leading application for all your charting needs. Furthermore, clients will notice that there is a timer on top of the chart. This timer is a countdown for options expiry times and is particularly useful when you’re anticipating a quick, profitable trade. Videforex is an unregulated trading service based in the Marshall Islands. This 2024 Forex Broker Review has been conducted though thorough research and assessment of rating and ranking among almost 300 international forex brokers. The final grade is given based on Videforex FX broker performance and features.
Additionally, since options trading is already considered high risk on its videforex minimum deposit own, clients are not required to trade with leverage. This extensive selection reflects Videforex’s commitment to providing a user-friendly and innovative trading platform. Videforex offers a variety of markets for its clients to trade on, including forex, CFDs, and options.
