Is It Worth Your Time and Investment?

Upon using the platform for the first time, it’s evident that it is intuitively designed and great for beginner traders. The platform keeps things very simple and features everything a trader needs to competently trade CFDs and binary options. The platform comes complete with a basic charting package where traders can conduct basic technical analysis with a few key technical indicators, time frames, and chart types. The minimum investment per trade is $1, but interestingly, the broker specifies a maximum investment limit per trade.

For instance, traders can participate in the global markets by trading over 15 forex currency pairs, 9 commodities, over 80 stocks, and 13 market indices. While this may not be as many assets as some trading brokerages, it is quite substantial for novice traders which is the market VideForex is going for. However, it is somewhat disappointing that VideForex is not offering CFD cryptocurrency trading pairs as most new online trading brokerages of this kind are. VideForex has followed the exact layout of its other web properties, where the accounts are categorised into three distinct packages. The cheapest account is a Bronze account, which has a minimum deposit requirement of $250, but you get access to a free demo account, copy trading tool, and the basic account features.

1. Creating trust in the trading community requires transparency about operations, fees, and policies.
2. To gain a deeper perspective on Videforex’s legitimacy, it’s crucial to compare it to other established forex brokers.
3. In evaluating Videforex, it’s worth considering the extent and quality of any educational materials they provide.
4. Nevertheless, with practice and trading experience, traders should be able to choose their preferred instruments.
5. We believe that VideForex has some good features including innovative customer support, attractive bonuses, and the choice to trade more than 150 financial assets.
6. If anyone tries to tell me this is something else than a cheap trick to get men to sign up, I’ll pack my toys and go home.

VideForex Markets

So I went for a $200 withdrawal using a crypto payment method and the whole process ran smoothly. It took an hour after I managed to settle in my trade to have the funds transfer to my wallet. You get fed up from sites that claim to offer fast withdrawals and really they take forever to process it. The round the clock support also came in handy when I had some last minute questions concerning the transaction.

The minimum deposit amount is set to $250, meaning that you will not be able to start trading until you deposit at least 250$. Minimum deposit requirements might even go up, depending on which type of account you decide to use. The promotions section of VideForex is quite rich, as there are contests, referrals, and giveaways available for all kinds of traders.

1. Some brokers take out insurance against unforeseen events, such as banking failures or cyberattacks.
2. According to their Terms and Conditions document, VideForex allows wire transfer deposits only if you are willing to deposit a minimum of 5,000 USD (which is huge, by the way).
3. There are no education or trading tools offered whatsoever, and the broker’s FAQ is only concerned with standard FAQ themes.
4. “Trading Finder,” with its experience, aids traders and investors in gaining a correct understanding and deep learning.
5. On the other hand, if the customer has a bonus, then he will have to reach a 300% turnover, otherwise, it will be impossible to take withdrawals from a personal account.
6. This ensures that we accurately convey facts and events so that investors and traders can read our content with confidence and make informed choices.
7. VideForex features their very own proprietary web based trading platform that’s accessible via any web browser on most desktop computers and smart mobile devices.

VideForex Financial Instruments

Upon logging in, you’ll see an option to learn how to trade and use the platform. Our Videforex review has covered the basics of the registration process, but this guide dives https://traderoom.info/videforex-a-reliable-broker/ deeper into each step. Understanding the operating hours of each channel is also essential, as timely responses can mitigate frustrations stemming from operational challenges.

However, the lack of integration with industry-standard platforms like MT4 and MT5 could be a drawback for traders relying on automated strategies. Still, the proprietary software meets all my research, analysis, and execution needs at zero cost. Other indicators, such as spreads and leverage (which are one of the most important features) do not look very attractive and along with minimum deposits do not correlate with the industry’s average. The good news is that the website has a demo account option available, giving you the possibility to test out its financial services for free without actually risking any of your financial assets.

Admiral Markets

Once you start trading, you have multiple funding and withdrawal methods available at your hands. Transfers are supported by popular providers such as Visa, Mastercard, Bitcoin, Ethereum, and Perfect Money. Withdrawals also come with no additional fees except for Visa and Mastercard – they have a 5% commission for transactions. The varied assets available should keep even the most professional trader satisfied, but it may get tedious for beginner traders to choose a handful of instruments from the overall choice. Nevertheless, with practice and trading experience, traders should be able to choose their preferred instruments. While VideForex is primarily geared towards servicing novice traders, they do offer three different account types that reward traders who make larger deposit amounts.

Videforex aims to respond swiftly to inquiries, fostering a cooperative relationship with clients. One of the primary security features that reputable brokers implement is the segregation of client funds. Videforex claims to keep client funds in separate accounts, ensuring that they are protected in case of insolvency or operational issues.

Traders often share both positive and negative anecdotes, providing an authentic lens through which to view the broker’s operations.

If you decide to sign up for VideForex, you will have a free choice to choose from one of 3 types of accounts including bronze, silver, and gold. What Silver features are 24/7 live video chat support, withdrawals in 1 hour, 50% bonus, first 3 risk-free trades, etc. With the gold account, customers have the ability to take advantage of a 100% bonus and have a personal success manager. Bonuses are literally unheard of in the Forex market, mainly since brokers tend to avoid bonuses or promotions due to regulatory guidelines. VideForex, due to its affinity to binary options trading, offers a considerable amount of bonus for deposits. The bonus for Bronze account starts from 20%, while the Gold account offers a maximum of 100% bonus on the deposit amount, subject to some maximum bonus limits.

It is not an issue and it is not an annoying factor but it is something ideally suitable for those of us who are acquainted with these familiar interfaces. I used Videforex for the past several weeks, and to be honest, it was not very impressive for me. On a positive note, the organization has implemented 24/7 live video chat support that is excellent.