You can fund your account by credit cards (VISA/MasterCard), Bank wire transfer, Bitcoin, Ethereum, Litecoin, Altcoins, Neteller, Skrill, Perfect Money. The funds will be available for trading immediately, once the confirmation from payment system has been received. Spreads are fixed on 2 pips for EUR/USD for all types of accounts. But it’s not regulated by any financial authorities, which we think is a warning sign when picking a reliable broker. When a broker isn’t regulated, it means they don’t have a license from any financial regulatory authority.
- Thus, you have the flexibility to select any payment method as per your need.
- You can access the platform as it is not regulated by authority, and it is quite risky to use it.
- I recently tried out this online broker and it was a bit of a mixed bag.
- 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.
- Here, clients can practice various trading strategies that they can use for binary options trading or for CFD and forex trading.
- The Videforex app allows trading CFDs as well as Forex products.
Assets
However, you must do your own due diligence and make your own decisions when choosing a broker. This compensation should not be seen as an endorsement or recommendation, nor shall it bias our broker reviews. Any rates, terms, products and services on third-party websites are subject to change without notice. While the app’s real-time pricing https://traderoom.info/videforex-a-reliable-broker/ is invaluable, its user interface could be more intuitive. Adapting to a new system was challenging, but the timely market data significantly aids my trading decisions. When requesting a withdrawal, traders are required to provide identification every time they request a withdrawal, regardless of the amount.
- On the other hand, clients may choose to execute Long Term positions that expire within the next month.
- Every trader should analyze their performance meticulously,and I appreciate that Videforex provides full access to my comprehensive trade history.
- If this information is correct, then we can deduce that the 100+ assets are comprised of currency pairs, stocks, and cryptocurrencies.
- However, they do not provide services to traders from the US and parts of Europe and Asia.
- It offers CFDs on currencies, commodities, crypto, indices, stocks, and Forex, among other asset classes.
How to use VideForex trading app?
So, register yourself with Videforex and get your issues quickly resolved. Videforex has created a good reputation in the market for offering professional customer service. One can easily get round-the-clock multi-lingual support without any delay.
All content on this site is for informational purposes only and does not constitute financial advice. Consult relevant financial professionals in your country of residence to get personalized advice before you make any trading or investing decisions. DayTrading.com may receive compensation from the brands or services mentioned on this website.
Forex Broker Reviews
Every Sunday at 21.00 GMT, the competition begins and concludes at 21.00 GMT on Friday. Everyone who trades on VIDEFOREX is automatically registered in the tournament. The financial products offered by the promoted companies carry a high level of risk and can result in the loss of all your funds.
Opinions, market data, and recommendations are subject to change at any time. Videforex has good offers for new clients but is an unregulated trading service. Fixed leverage is considered risky and inconvenient to some, if not all, traders. VideForex makes sure that all their clients have what they need. There are video tutorials on how to use the platform so their clients can easily execute trades and navigate their way through the broker’s system. As an added service, VideForex hosts trading contests every week.
Trading on Videforex takes place on all days of the week 24/7. It is worth noting that not all traders offer you this flexibility. You can trade binary options, CFDs, and Forex as per your suitability. This is the perfect option for traders with varying schedules and time scarcity.
Other bonuses include an initial deposit bonus that ranges from 20% up to 100% depending on the size of your initial deposit. This effectively allows you to borrow money to strengthen your position. Importantly, it can significantly increase your profit potential.
Leveraged cryptocurrency positions will incur a maximum 5% commission fee. Plus, there’s a swap fee (0.07% face value of the position) for trades held overnight. An inactivity fee of $10 per month applies if clients do not complete at least one trade in this time. TradingBrokers.com is for informational purposes only and not intended for distribution or use by any person where it would be contrary to local law or regulation. We do not provide financial advice, offer or make solicitation of any investments.
Movements in the price of foreign exchange and commodities are very unpredictable, hence Videforex cannot guarantee a maximum loss that a trader may suffer. The Videforex ‘Contact’ section offers the option of completing an online contact request. There are also numerous telephone numbers for assistance in various jurisdictions. This involves the trading of gold, silver, and other precious metals as hard commodities that are contract-based tradable. As with currency exchange markets, commodity markets offer trading in contract-based tradable goods. Below is an in-depth review of Videforex to help you make an informed decision before opening your account or trading on their platform.
The broker’s complete range of assets is available, from cryptos and stocks to binary options and forex. In addition, users can view their trading history, make deposits and withdrawals, and execute orders at the click of a button. We found the charting options to be quite limited, along with the availability of binary options trading that may confuse traders. Therefore, VideForex’s strategy of offering a Forex and CFD trading platform through its proprietary binary options platform may not be viable for the long term. VideForex is a part of a thriving group of binary options properties under the FGC brand, and we did expect the company to offer full access to its existing set of financial assets. True to their promise, VideForex has more than 160 instruments from four asset classes, namely, Forex, commodities, indices, and stocks.
It is worth noting that despite being new to the market, Videforex offers an expansive range of asset classes to trade on. With this, it is clearly evident that the company is trying its best to gain a strong foothold in the competitive Forex and binary options trading industry. All-in-all, when it comes to financial assets, Videforex is a standout option. I like the real time price feed this broker provides because it is so smooth for executing my scalping strategies. I heard Videforex sources top-tier liquidity providers, and I don’t doubt it.