Videforex Review 2024 Is The Broker A Scam Or Legit?

what is videforex

It allows for instant execution of trades, shows live charts of every option available on the platform, and enables traders to view their entire trade history. By default, first-time users will be greeted with a tick chart that features options trading with an asset’s price movement every second. This can be used by seasoned options traders to take advantage of the small movements of an asset. These assets could be forex pairs, commodities, cryptocurrencies, crypto pairs, or stocks. Videforex is a top-rated CFD, forex and binary options broker. Our review covers everything you need to know about the online trading platform, including the sign-up and login process, plus how to deposit and withdraw.

Basic Forex Trading Strategies

They offer three types of accounts- Gold, Silver, and Bronze. 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. VideForex’s mobile application functions the same way as its web-based platform.

what is videforex

VideForex Bonuses & Promotions

Therefore, clients should carefully consider their trading goals and needs before choosing an account type. These are the fees for holding a leveraged position overnight and can add up to be substantial. Another common fee among forex brokers is an inactivity fee, which is charged after an account has been dormant for a set period. To receive demo account access you need to fund your trading account and contact customer support to get demo account credentials. Demo account is a great opportunity to practice strategies and become familiar with the platform with their demo account option. Unlike other brokers that deduct monthly software fees from earnings, Videforex preserves all profits.

Deposit and minimum deposit on Videforex

The costs are quite high, unlike GKFX – which not only comes with lower spreads but has no minimum deposit while offering trading account options for all types of traders. The last account type, i.e., the Gold account, is for professional traders who want to build a significant career in binary options trading. So, if you are serious about trading, you must choose this account by paying a minimum initial deposit of $3000.

VideForex Deposit & Withdrawal

All the reports have something unique to offer, so traders need to explore all of them. The trading platform is not only simple but also sophisticated. Furthermore, traders also need to consider the trading medium, which can lead to some deduction.

Videforex review and test for traders: Is it a scam or not?

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 fees vary depending on the instrument being traded.

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. Top10stockbroker.com & Indianfranchisereview.com are websites under Medmonx Enterprises Private Limited.

  1. It has been engineered to retain usability while offering a variety of sophisticated tools and resources many day traders require.
  2. Free demo accounts are available and with this broker, we truly advise that you create one, even if you are an experienced Forex trader.
  3. Please see a list of regulated brokers for some alternative options.
  4. We will also provide our verdict on whether Videforex is a scam or a legit broker to trade with.
  5. All information on 55brokers.com is only published for general information purposes.

Just last week I captured nice gains day-trading tech stocks, so I requested an instant payout to splurge on a haircut that afternoon. True to their word, I had that $350 profit deposited in under an hour. I’ve had nightmares at other brokers waiting days to access my winnings. But with Videforex, I can withdraw and enjoy recent trading successes immediately without the typical holding periods. Like when I pulled out $1,800 cashto buy new patio furniture the same day I closed a lucrative options trade. What sets Videforex apart is their seamless, all-in-one mobile app, which integrates every capability from account funding to complex order structuring.

That would leave out assets such as indices, commodities, and more. Videforex is a remarkable trading platform that comes with a user-friendly interface. Anyone can use this trading platform without much difficulty.

In this review, we will be focusing on one of your potential brokers, VideForex. Here in our review, you will get to know the company as a whole and read about its features and how it works. The trading is accessible for traders who choose a Demo account. Yes, VideForex offers an online trading opportunity to almost all its traders. The first charge which traders need to pay is the commission which is different for all accounts. Videforex has its own mobile app which supports the broker’s web-based platform.

You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. Opinions, market data, and recommendations are subject to change at any time. The website claims 95% profits in 60 seconds three outside candlestick pattern and obscene sign-up incentives. Videforex’s lack of financial authority regulation should always raise a red signal when picking a trustworthy broker. You can access the platform as it is not regulated by authority, and it is quite risky to use it.

Here, select your preferred payment method and follow the on-screen instructions. Processing times may vary depending on the method and network involved. DayTrading.com is committed to helping traders of all levels make informed decisions about which broker to trade with. Compare the markets and instruments offered by Videforex and its competitors. Please note, some markets may only be available via CFDs or other derivatives. Keep in mind though, Videforex is unregulated, and we always recommend caution before trading with unlicensed providers.

You may also send them your question or concern by filling up the form found on the “Contacts” page. It’ll ask for basic information like your https://www.1investing.in/ full name, email address, and phone number. A customer representative will get in touch with you via email once they have processed your form.

Leave a Reply