What’s better is that you can trade through different trading platforms. This includes an economic calendar, market news and technical analysis. Easy to digest for beginners, these can help investors find opportunities and time trades. Since its launch in 2017, the popularity of the CFD, forex, and binary options broker has grown.
Trust scores of VideForex Binary Options broker
This is the ideal place to develop a strategy and get familiar with market conditions using simulated money. Then, when you are confident, you can start putting real capital on the line. The broker seems to specialize in Forex and binary options primarily. However, they also offer a bunch of other products including CFDs, stocks, ETFs, and market indices. In addition to a functional video chat feature, the broker also offers customer service via phone. To open trading accounts with VideForex, customers are required to deposit $250.
VideForex also has native trading apps that are available for free on Play Store and App Store. If simplicity is your thing, we believe that you’ll love VideForex’s trading platform. Newbies will have a wonderful time interacting with this trading platform. Major indices provided by this broker include US DOW, S&P 500, Nasdaq, DAX, FTSE 100 UK, ISE and many others.
- Past results are no guarantee of future success, so make your financial and investment decisions with utmost care.
- The reason for this recommendation is the fact that far too little trade-related information is provided on the VideForex website.
- If you have correctly filled in all the information, you will get access to your trading account.
- This amount is often lowered substantially when leverage is applied.
- Over 200 data points are considered, from minimum deposits and trading fees to the platforms and apps available.
- 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. Specify options trading type; Turbo (5 seconds to 30 minutes), Intraday (1 hour to 24 hours), or Long Term (up to 1 month). Yes, but you need to make a deposit first and contact customer support to vide forex get your demo account credentials.
- New clients are asked to submit an initial deposit in the amount of $250.
- Traders, despite their trading experience and investment size, should be provided with the same benefits.
- You should only engage in any such activity only if you are fully aware of the relevant risks.
- If you have traded with Videforex we would really like to know about your experience – please submit your own review.
- By clicking on the button next to the trading symbol, have the option to choose between Tick, Candlestick, or TradingView charts.
However, we were surprised to find out that the broker has gone above and beyond to make their web-based trading platform mobile-friendly. Traders can easily access VideForex’s web-based platform even when on the go. One thing we noted about the broker is that they charge a specific commission to traders who choose to open unleveraged digital currency CFD positions. A margin requirement is the amount of capital that the trader has to put down at the start of the trade, or that they have to have available in their trading account, as collateral for the trade. This amount is often lowered substantially when leverage is applied. In addition to bonuses, VideForex offers a weekly trading contest that offers a total prize fund of $20,000 which is distributed among 20 total winners.
Trade with a Regulated Broker
From the look of things, VideForex appears not to have any regulatory oversight. While the broker might be a credible trading platform, they are closely run by other offshore brokers making them unreliable. For this reasons, we recommend that you take extra precaution when opening an account with them. Videforex warns potential customers that Forex and CFDs trading carries a high risk and may not be suitable for all investors. The Videforex ‘Contact’ section offers the option of completing an online contact request.
A demo account is offered by brokers as a risk-free trading environment where traders can use virtual funds to either explore the broker’s offer, practice trading, or test strategies. A trading platform is a type of software that is used through which trading can be executed. Each broker has its own preference in which platforms it supports and often brokers offer the use of their own proprietary trading platforms.
Drawing Tools
There are also numerous telephone numbers for assistance in various jurisdictions. As with currency exchange markets, commodity markets offer trading in contract-based tradable goods. The bonus usually compensates traders for choosing a certain broker, since once the account is active, the trader will have the same expenses as any other. The bonus usually only starts giving some expenses back to the trader once the person has proved himself as an active trader.
Forex & CFD
Videforex has a dedicated mobile app that traders can use to access trading services quickly. It allows traders to fund their accounts from any part of the world. Videforex is one of those brilliant trading brokers that allows you to place trades for just $1.
It appears that at least some of the prizes are offered in the form of bonus funds, starting with the participant who comes in 6th place. Positions 1 to 5 are said to have been awarded cash prizes (an iPhone 10 went to the 5th place winner). Here again, we recommend reading the terms and conditions to fully understand the rules. There is a 5% transfer fee charged on all credit card deposits, where the is no charge on any other deposit method. A deposit request via credit, debit card or via e-wallet will be processed within 3 hours. It can take Videforex up to 3 business days to process incoming bank wire transfers and to verify that the funds have been received.
Trade Execution Panel
Whilst we try to keep information accurate and up to date, things can change without notice and therefore you should do your own research. Trading Brokers Trading Brokers is dedicated to bringing you unbiased broker reviews, the latest broker news and trading guides to help you along your trading journey. We have over 20 years of experience when it comes to trading online so we know what to look for.
By offering options across these markets, Videforex enables traders to enjoy flexibility and diversity, allowing them to speculate on market movements while controlling their risk and reward. This extensive selection reflects Videforex’s commitment to providing a user-friendly and innovative trading platform. Therefore, it is strongly advised to avoid trading with unregulated brokers like Videforex. Trading with such brokers exposes traders to a high level of uncertainty, insecurity, and potential fraud. Instead, traders should look for brokers that are regulated by well-known and respected authorities, such as the FCA in the UK, ASIC in Australia, CySEC in Cyprus, or NFA in the US.