Videforex is a trading platform that provides users with access to a wide range of financial markets, including stock, index, cryptocurrency, forex, and commodities markets. With Videforex, you can participate in these markets through binary options and CFDs (contracts for difference). This gives traders the flexibility to engage in various investment opportunities using different trading instruments. The user-friendly proprietary platform, mobile app, and integrated copy trading feature are designed to cater to both new and casual traders. These tools are easy to use and offer a seamless trading experience. Additionally, the market analysis tools provided offer valuable insights for improving your trading skills. Engaging in trading contests creates opportunities for further skill development and competition within the community.
| Demo account | Yes |
| Copy Trading | Yes |
| Bonuses | 30% to 200% |
| Trading signals | Yes |
| Minimum Deposit | 50$ |
| Trading platform | TradingView |
| Account currencies | USD, EUR, GBP, AUD, RUB |
| Payment Methodes | Credit Card Visa Mastercard Cryptocurrencies Skrill Perfect Money Neteller Ethereum Payments |
Pros
- You can enter positions with just ¢0.01
- You can trade every day and through the weekends
- Mirror the trades of experienced investors with low fees
- Withdrawals are usually processed within one hour
- Earn up to 98% payouts on 100+ assets with the broker’s binary options
- The firm facilitates day trading and binary options for global customers
- Videforex regularly runs trading contests, offering great practice and cash prizes
- The support time are fast and reliable. Very few brokers offer 24/7 multi-lingual video support
- Videforex offers transfers via a wide range of payment types, from credit cards to cryptocurrencies
Cons
- No MetaTrader 4 integration
- The broker isn’t overseen by a trusted regulatory agency
- US clients aren’t accepted due to legal restrictions
Videforex distinguishes itself by offering a unique platform for trading binary options and CFDs. Traders can benefit from a specialized and personalized trading experience thanks to this proprietary platform that Videforex alone developed. Traders have the potential to earn high payouts, up to 98%, by engaging in speculative trading on the price direction of over 100 different assets. In this insightful 2023 review of Videforex, we delve into various aspects of the broker such as their accounts, fees, promo codes, and mobile app. Additionally, we provide a step-by-step tutorial specifically designed for beginners on how to effectively place trades on the Videforex platform. Stay informed and get ready to navigate this trading platform with confidence!
About Videforex
Ever since its introduction in 2017, the CFD, forex, and binary options broker has experienced a significant surge in popularity. The broker Videforex has witnessed significant growth, with over 4000 client accounts being opened. Additionally, they have successfully processed withdrawals of more than $500,000. This demonstrates the trust and confidence that clients have in the brokerage’s services.
Videforex, a trading platform, provides round-the-clock trading options for various popular markets such as forex, commodities, and cryptocurrencies. This means that users can engage in trading activities at any time of the day or night, giving them flexibility and convenience in their investment endeavors. In addition to its brokerage services, the broker provides a convenient feature of guaranteed withdrawals within an hour. This ensures that users can access their funds quickly and efficiently. Furthermore, live video support is available to assist users in real-time, providing them with immediate guidance and resolving any concerns they may have.
Videforex is a trading platform operated by Involva Corp, a company registered in the Marshall Islands.
Accepted Countries
Videforex welcomes traders from various countries including Thailand, South Africa, Singapore, Hong Kong, India. They provide services to a wide range of countries worldwide.
Trading Platform
This online broker stands out for its decision to develop and build their own trading platform. By choosing to do so, they have the opportunity to define and customize the features and functionalities of their platform according to their specific requirements and customer needs. This unique approach allows them to offer a tailored and seamless trading experience for their users. If you’re familiar with MetaTrader 4 (MT4), you may find the approach taken by Videforex to be advantageous.
- Opting not to rely on third-party platforms can help businesses maintain control over the quality and reliability of their online services. This allows them to have direct oversight and ensure that customer experiences meet their standards.
- Brokers have real-time visibility into their platform, allowing them to stay informed about any ongoing activities. This enables a streamlined querying process and ensures that any issues or glitches can be promptly addressed and resolved.
- Videforex is committed to enhancing the user experience by regularly updating their platform. To illustrate, in 2023, they introduced a new technical analysis design along with additional time intervals for OTC assets (5, 15, and 30 seconds). They also implemented new investment size buttons allowing users to easily select $5, $10 or all-in options. These are just a few examples of the many features added during the update.
The trading platform is designed to be user-friendly and easily navigated, making it suitable for both novice traders and seasoned investors. Whether you’re just starting out or have extensive experience in trading, the platform’s straightforward structure ensures that everyone can easily participate and make informed investment decisions. Designed with the user in mind, this engineered solution offers a range of advanced tools and resources to meet the needs of day traders. It combines usability with a variety of sophisticated features, making it highly suitable for those in the trading industry. To help beginners navigate through the platform, there are comprehensive investing tutorials available. These tutorials provide detailed guidance on how to use the platform effectively. Additionally, users have access to both tick and candlestick charts, which can assist in analyzing market trends and making informed investment decisions.
With this sleek trading terminal, choosing your financial instrument is quick and hassle-free. In just a few clicks, you can access a wide range of currency pairs, commodities, and indices to suit your needs. Additionally, this trading platform provides users with the opportunity to trade in a wide range of cryptocurrency pairings and also offers fixed return options.
An additional feature that can be quite valuable is social trading, which is also referred to as copy trading. This functionality enables you to gain insights and learn from experienced and successful traders. By copying the trades of high-earning investors, you have the opportunity to potentially improve your own investment strategies and success rate.
In order to see the top traders for a specific asset, clients have the option to navigate to the ‘Live Trades’ tab located on the left-hand side of the platform. This feature allows them to gain insights into successful trading strategies and make more informed investment decisions. Users have the convenient option to copy traders by clicking on the pages icon located on the right side. This feature enables them to effortlessly specify their desired investment size.
How To Trade
Opening a binary options trade on the Videforex platform is a quick and easy process.
- To access the web-based trading platform, simply log in through the broker’s website. This allows you to trade and manage your investments conveniently online.
- To choose an asset in the platform, navigate to the top left corner of the screen where you will find a menu. From there, you can select the desired asset from a list of options.
- When it comes to trading options, you have a few different types to choose from. The first option type is turbo, which typically refers to short-term expiration options. Intraday options are another choice, designed for day traders who want to buy and sell within the same trading day. Lastly, there are long-term options for those who prefer a more extended investment horizon. It’s important to consider your trading strategy and goals when deciding which option type is right for you.
- Select an expiry time
- You have the freedom to determine the amount that you wish to invest or stake. By making this decision, you are taking control of your financial future and deciding how much you are willing to commit towards your investment goals.
- Please review the payout percentage and the total amount that will be paid out.
- To express your optimism towards a potential price increase, you can click the ‘Up’ button.
- If you believe that the price will decrease, simply click on the ‘Down’ button.
- Wait for the option contract to expire
Markets and Instruments
At Videforex, you have access to a diverse range of trading options. They offer binary options and leveraged contracts for difference (CFDs) on various currency pairs – major, minor, and exotic. Additionally, you can trade in cryptocurrencies such as Bitcoin and a dozen others. If you’re interested in commodities, they also provide options for trading gold and more. If you’re interested in trading major stock indices such as the Dow Jones 30, S&P 500, and FTSE 100, you can do so through Contracts for Difference (CFDs) only. This provides an opportunity to speculate on the price movements of these indices without owning the actual underlying assets.
The broker’s binary options provide different payout percentages depending on the asset type. Cryptos offer a payout of 20%, while OTC currency pairs have a higher payout of 98%. In 2023, Videforex made significant strides in enhancing its range of OTC assets. Traders can now enjoy payouts of up to 95% on their investments, alongside the opportunity to explore trading options in various popular global markets. This expansion provides traders with increased flexibility and potential profitability in their investment strategies. The expiration times for trades can vary, ranging from as short as 5 seconds to as long as 1 month. Clients are only required to make a decision on whether the price of the underlying asset will increase or decrease. It is important to note that potential payouts and losses are predetermined before the investor initiates the trade.
Binary Option Trading
Videforex offers a range of binary options with attractive payouts. For cryptocurrencies, they offer payouts starting from 20% and for less volatile assets, the payouts can go as high as 98%. This puts Videforex ahead of many competitors in terms of payout rates. This platform supports various contract lengths, catering to different trading preferences. You can choose contracts as short as 5 seconds or opt for longer durations up to 1 month. Additionally, new users will be pleased to receive a welcome deposit bonus upon joining.
Forex Trading
You can trade a wide range of forex pairs, including 35 major, minor, and exotic pairs. This can be done through Contracts for Difference (CFDs) with floating spreads starting as low as 0.1 pips. By utilizing this feature, you can enjoy greater flexibility and tap into a wide range of trading opportunities available in the forex market. Binary options provide an alternative investment option for individuals who want to speculate on price movements. With binary options, you can place bets on whether prices will rise or fall within a given time period using a fixed stake and payout structure. This allows for a more straightforward approach to trading and offers the potential for both gains and losses based on the accuracy of your predictions.
Stocks Trading
With this online trading platform, you can conveniently trade binary options and CFDs on a diverse range of global stocks. They offer access to major exchanges in the US, Europe, Russia, and Asia, allowing you to seize opportunities across multiple markets. Additionally, VideForex offers a selection of 37 indices, providing coverage for a wide array of global markets. Access to stocks surpasses the offerings of many binary options brokers.
CFD Trading
Videforex offers a wide range of CFDs for trading, including forex, indices, cryptocurrencies, and commodities. With leverage of up to 1:500 and tight spreads close to zero, traders can benefit from increased buying power and competitive pricing. When trading CFDs, it’s important to consider the commission fees involved. Typically, these fees range from 1% to 2.5% for regular trades and can go up to 5% for leveraged trades. Being aware of these fees will help you make informed decisions when engaging in CFD trading activities.
Crypto Trading
Traders have the option to speculate on cryptocurrency prices in pairs using both USD and CNY through binary options and contracts for difference (CFDs). This allows them to potentially profit from fluctuations in the value of cryptocurrencies without actually owning them. When it comes to digital currencies, the selection may be somewhat limited compared to other alternatives. However, major tokens like Bitcoin are readily accessible.
Copy Trading
Videforex provides users with an integrated copy trading service, allowing them to replicate the trades of other traders either manually or automatically. This feature is beneficial for those who want to take advantage of successful trading strategies without having to actively monitor the market themselves. To get started, all you need to do is select a trader and the asset class you’re interested in. Once that’s done, just specify the amount you’d like to invest. It’s a straightforward process that allows you to begin your investment journey quickly and easily.
Spreads and Commissions
When using Videforex, it is typical to encounter a spread fee when opening CFD positions. This is a common practice in the industry and worth considering when engaging in trading activities on the platform. The spread of certain financial instruments can change dynamically, taking into consideration factors such as liquidity and external market conditions. These variables are crucial in determining the pricing and availability of the underlying financial asset.
This broker falls in the middle in terms of pricing. While they may not be the cheapest option, they also aren’t the most expensive. Utilizing this approach can be advantageous since it helps you steer clear of brokers who offer extremely low fees but fail to provide satisfactory executions. In addition, it also prevents you from opting for costly platforms that cut into your profits significantly.
Costs and Trading Fees
In order to hold a position overnight on the platform, a swap fee of 0.07% of the face value of the position is charged.
When you create an account with VideForex, there are no additional fees for maintenance or registration. However, it is important to note that if you do not engage in at least one trade per month, a $10 charge will be applied. This fee serves as an incentive for account owners to actively engage with the platform and helps offset the expenses related to maintaining inactive accounts.
Leveraged Trading
Videforex provides leveraged trading as a service, which means you can effectively borrow funds to enhance your trading position. This can be advantageous for traders who wish to increase their potential profits or take larger positions in the market. However, it is important to be mindful of the risks involved with leveraged trading, as losses can also be magnified.
By default, the company sets a maximum multiplier of 1:500 for all customers. This ensures that customers have some restrictions in place to manage their trading positions. Additionally, the company has put measures in place to protect customer investments. In the event of losses, customers are only liable up to their original investment amount. This means that any remaining equity is safeguarded and not at risk of being lost.
If you choose to use Videforex for trading Cryptocurrency CFDs without leverage, it is important to note that they charge a commission fee for opening such positions. The fee for transactions can vary depending on the type of investment. For regular transactions, the fee typically ranges from 1% to 2.5%. However, if you choose leveraged CFD cryptocurrency positions, the fee can increase significantly and reach up to 5%. It’s important to consider these fees when making investment decisions.
Vidforex Mobile App
Videforex has developed a mobile app specifically designed for Android devices, catering to traders who prefer trading on-the-go. The app is designed with user-friendliness in mind, offering a wide range of tools and features that are comparable to the desktop solution. It serves as a convenient supplement or alternative for traders seeking flexibility in their trading activities.
The broker offers an extensive selection of assets, including cryptocurrencies, stocks, binary options, and forex. This wide range of options allows traders to diversify their portfolios and pursue various investment strategies. In addition to other features, our platform offers full account management and copy trading services. This means that users have the ability to easily manage their accounts, view their trading history, make deposits and withdrawals, and execute trades with just a single click.
Deposits and Withdrawals
Whether you’re located in the UK, Europe, or any other region, if you choose to use Videforex for your trading needs, you’ll have the convenience of depositing and withdrawing money through a variety of popular payment options. This ensures that you can easily manage your funds without any hassles. You have the option to use digital currencies when working with the broker. They accept various methods, allowing you to choose from a range of options.
- Credit cards (Visa/Mastercard)
- Perfect Money
- Ethereum
- Litecoin
- Altcoins
- Neteller
- Bitcoin
- Skrill
During our experience with Videforex, we noticed that deposits are processed promptly, with no delays. However, it’s worth mentioning that withdrawals may take up to one hour to be completed.
Please be aware that when using Visa or Mastercard for transfers, there is a 5% fee associated with the transaction.
Minimum Deposit
To open a new trading account with Videforex, a minimum starting deposit of $250 is required. Additionally, they offer an attractive deposit bonus ranging from 20% to 200% on the first deposit made into the account. This bonus provides traders with an opportunity to boost their initial investment.
If you’re interested in knowing the terms and conditions of a promotional offer, you can find them on the broker’s website. Whether you’re engaging in day trading of forex, CFDs, or binary options, the bonus requirements remain consistent across all these categories.
Trading Accounts
The specific amount you can deposit will vary based on the type of account you qualify for.
- Bronze – To get started, you’ll need to make a minimum deposit of $250. Once you have the account, you’ll enjoy some attractive features. For instance, withdrawals can be processed within one hour, and their live video chat support is available 24/7 for any assistance you may need. Additionally, they offer a 20% first deposit bonus to give your trading journey a boost. You also have the option to use their demo account for practice and exploration. Lastly, they provide a copy trading tool that allows you to follow successful traders and replicate their strategies.
- Silver – In order to be eligible for the silver account, a minimum deposit of $1,000 is required. By doing so, you will gain access to all the features available in the Bronze account. Additionally, you will receive three risk-free trades, a 50% bonus on your first deposit, and an exclusive master class web session.
- Gold – To access this offer, a minimum deposit of $3,000 is required. By meeting this requirement, you will unlock all the Silver features available to you. Additionally, you will also enjoy a first deposit bonus of up to 100% and receive personalized assistance from a dedicated success manager.
An additional benefit of the Rollover tool is that it allows traders to increase their positions by up to 100% of the selected timeframe on the initial use. Subsequently, traders can extend their positions by up to 30% with each subsequent use of the tool. This feature provides traders with increased flexibility and control in managing their trades.
The Rollover service incurs a charge of $1 per rollover. However, our team is pleased to inform you that free rollovers may be offered based on the deposit amount and account type you have.
Videforex Demo Account
After making a deposit, you will have the opportunity to access a Videforex demo account. This account serves as an excellent platform for developing investment strategies and gaining familiarity with market conditions. The best part is that it uses simulated money, allowing you to practice without any real financial risk. Once you have gained confidence, you can begin investing real money. This step should be taken after careful consideration and thorough knowledge of the market to minimize potential risks.
Additional Features
Trading Contests
Videforex offers an exciting feature through its weekly contests. The best part? There’s no entry cost! Every week, twenty winners are announced, providing users with a chance to win and showcase their skills. Traders of all experience levels, whether beginners or experts, have the opportunity to participate in the competition. All trading accounts are automatically included, ensuring fair competition for everyone. Additionally, there is a generous prize fund of $20,000 up for grabs.
Market Analysis
Videforex, besides its trading services, also provides a range of helpful additional tools for traders. These tools include an economic calendar, market news updates, and technical analysis resources. These features can assist traders in staying informed about important events and trends in the financial markets.
Safety & Security
With the increasing threat of cybercrime and the prevalence of online scams, it is crucial to trust your broker with your confidential data. Safeguarding your personal and financial information is essential to protect yourself from potential security breaches.
Videforex ensures the security of money transfers by employing a 3D secure method and utilizing SSL certification with 256-bit funds processing. In order to enhance security, payments made with Visa and MasterCard undergo an additional verification process. This involves the use of a one-time code that provides an extra layer of protection for your transactions.
Regulation
VideForex is regulated by the IFMRRC (License number: TSRF RU 0395 AA V0216)
It is important to understand that Videforex, unlike most US brokers, is not regulated by the CFTC (Commodity Futures Trading Commission). This means that if you are based in the USA, you cannot engage in day trading activities with Videforex.
Trading Hours
You have the flexibility to engage in day trading activities around the clock with binary options, forex, and CFDs. This means that you can take advantage of market opportunities at any time throughout the day or night.
Videforex is a suitable choice for individuals who have limited time or frequently changing schedules, as not all online brokers provide this flexibility.
Videforex Customer Support
The broker provides a convenient live video chat support feature that is easily accessible from the homepage. This allows you to connect with a representative in real time for any assistance you may need.
Contact options include:
- Thai – 02-21345671
- Chinese – 3-395-0396
- English – +1-829-9476393
- Russian – +7-499-7033774
- Singapore – 965-65425142
- Australia – 61-8-5550-7288
- Email – support@Videforex.com
If you need to get in touch with the company behind Videforex, you can reach out to Involva Corp. They are the ones responsible for operating Videforex and can provide you with any additional information or assistance that you may require. You can identify them by their registration number, which is 104693. Their official address is located at Trust Company Complex, Ajeltake Road, Ajeltake Island, Majuro, Marshall Islands, MH96960.
Concusion
Videforex offers enticing weekly contests, promo codes, a customized trading platform, as well as live video support. These features aim to enhance the trading experience for its users and provide them with additional opportunities to win rewards and savings. With a bespoke trading platform tailored to their needs and the added convenience of live video support, Videforex aims to provide a comprehensive and user-friendly trading environment. Moreover, this broker offers several online trading accounts that are easy to set up and use. This makes it an appealing choice for both newcomers and seasoned investors alike.
It is important to note that Videforex is an unregulated trading platform. We strongly advise exercising caution when considering trading with unlicensed providers. Your financial safety should always be a top priority, and it is recommended to choose regulated platforms for your trading needs.
FAQ
Does Videforex Offer Any Sign-Up Bonuses?
Videforex provides attractive deposit bonuses ranging from 20% to 200%, depending on the type of account you have. These bonuses can be a great incentive for traders looking to maximize their initial investment and potentially increase their trading opportunities.
Does Videforex Have An Inactivity Fee?
Videforex imposes a $10 fee if you do not execute at least one trade in a month. This policy is in place to encourage regular trading activity among users.
Does Videforex Have A Demo Account?
Before you can access a demo account, it’s necessary to make a deposit and reach out to the customer support team. They will provide you with the necessary login credentials for your demo account.
Can I Use Videforex In The US?
Unfortunately, the broker in question lacks the necessary regulation and licensing to operate within the United States. It is advisable to exercise caution when dealing with such entities as they may not adhere to the legal requirements and safeguards put in place for consumer protection.
Is Videforex Regulated?
Unfortunately, there isn’t a reliable financial regulator overseeing the company in question. This means that they can offer higher leverage rates, going up to 1:500. However, it is important to note that this lack of regulation may carry certain risks and uncertainties for investors.