They also boast of a trading volume of over $4 million and a total of more than $450,000 payouts to traders. Videforex processes all withdrawal requests within 1 hour.However verification may take longer time, if client didn’t submit all requested documents in time. Videforex is not regulated by any financial authorities, which in our opinion is always a red flag when choosing a reliable broker. Additionally, VideForex has a minimum withdrawal amount of not less than $50. The best thing about VideForex withdrawals is that they are processed within the hour. If simplicity is your thing, we believe that you’ll love VideForex’s trading platform.
- Despite the number of features and benefits, Videforex has some drawbacks.
- Videforex has a dedicated mobile app that traders can use to access trading services quickly.
- This makes Videforex a strong contender for newbie day traders or those that want live support a few clicks away.
- These assets could be forex pairs, commodities, cryptocurrencies, crypto pairs, or stocks.
Assets and leverage
As we will see later in this review, they do not provide industry standard tools such as the MT4. However, this is not to mean that their alternatives are not good. Videforex offers much higher levels of customer service than alternative brokers. Featuring a 24/7 live video chat option, traders can contact a customer support assistant in real-time for help instead of a bot.
- Investors can also use their browser-based login details to access the mobile platform.
- Videforex is an accessible trading platform for those looking to dive into the world of binary options and CFD trading.
- Also, be aware that some brokers have terms and conditions and restrictions on the use of bonuses.
- You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources.
Multiple funding options
The amount of the bonus often depends on how much you deposit; the more you deposit, the more bonus you will get. Also, be aware that some brokers have terms and conditions and restrictions on the use of bonuses. One of the tremendous selling points in this VideForex.com survey is their recent live video conversation aspect.
Processing times may vary depending on the method and network involved. The funds will be accessible for trading instantly once they receive authorization from the payment procedure. Clients who finance their accounts utilizing direct bank transfers may request withdrawal just to the account from which the expense was done. However, an upfront bank transfer expense of 50 USD will be pertained (for worldwide bank transfers). The company’s protection service also enjoys the freedom to hold the fund transfer order for up to 10 banking days. videforex minimum deposit DayTrading.com is committed to helping traders of all levels make informed decisions about which broker to trade with.
Trading conditions for users
When a broker charges too little, it might not offer better and more reliable services. Similarly, if a broker charges high, it might sting your profits. Traders pay the brokerage or commission charge for selling or purchasing an asset. As Videforex is a trusted platform, it charges a small convenient commission fee. You can consider this charge a fee you pay for trading through the platform.
Contact & customer support
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. The broker offers over 60 currency pairs to include Majors and minors and also popular cryptocurrencies. With VideForex, traders can also access major stocks across the globe including IBM, Coca-Cola, Microsoft, Facebook, Alibaba, and many others. Videforex offers binary options and leveraged CFDs on major, minor and exotic currency pairs, a dozen cryptos including Bitcoin, plus commodities like gold. You can also trade major indices like the Dow Jones 30, S&P 500, and FTSE 100 (CFDs only).
VIDEFOREX Similar Brokers Deposit
If you have traded with Videforex we would really like to know about your experience – please submit your own review. Another perk is the Rollover tool which lets traders increase positions up to 100% of the selected timeframe on the first use. When we used Videforex, we found there is a commission for opening an unleveraged cryptocurrency CFD position.
The company is licensed by the Finance Group Corp, which is located at the 2nd Floor, Transpacific Haus, Lini Highway, Vanuatu. Using practice accounts like the one offered by Videforex remains one of the top day trading tips for beginners. 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. You can access the platform as it is not regulated by authority, and it is quite risky to use it. Videforex has good offers for new clients but is an unregulated trading service.
Experience a platform trusted by thousands of traders — fast execution, user-friendly tools, and full regulatory backing. Despite this, Videforex is a legitimate broker and not a scam. The unique features offered may offset the risk of limited regulatory oversight. If you have correctly filled in all the information, you will get access to your trading account. Your account needs to be funded through the accepted payment method.
Videforex Minimum Deposit – All Payment Methods Explained
If you are new to binary options trading and want a quality experience, the Bronze account is for you. You need to deposit a minimum of $250 to access this account type. Since its launch in 2017, the popularity of the CFD, forex, and binary options broker Videforex has grown. The company behind this brokerage, Involva Corp, is also in charge of BinaryMate. The firm is dedicated to protecting its traders’ funds and devoted to the safety of investors. VideForex has created a new approach – trading forex and binary options with video support.
Commodities and CFDs:
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. Videforex is an online broker that provides access to various markets through binary options and CFDs. The broker has a proprietary web-based platform that features live video chat support and copy trading.