Videforex Review 2023 Is Legit or Scam

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The best thing about VideForex withdrawals is that they are processed within the hour. Customers can choose to access VideForex’s web-based platform via their Android and iPhone devices. Similarly, the platform is compatible with tablets and iPads.

When using WikiFX products, users should consciously abide by the relevant laws and regulations of the country and region where they are located. Gain trust and grow your business with customer reviews. People who write reviews have ownership to edit or delete them at any time, and they’ll be displayed as long as an account is active. I kept asking him questions about what the terms of my trading plan were because they were not listed in the terms and he refused to answer me. When I confronted him and demanded that he pay me all the money in my account he refused and said it is out of his hands.

Brokers offer a variety of trading accounts, or they may only offer a single account, in which they provide certain trading conditions that appeal to a variety of traders according to their trading needs and objectives. There are more than 100 financial instruments spread across a variety of asset classes that can be traded through the proprietary Videforex trading platform offered. The Videforex platform is also weaker than the industry standard. Regarding payment methods, Videforex does not charge extra fees in the case of digital currency deposits, but there is a 5% transfer fee for Visa and MasterCard payments.

Even though Seychelles has their own regulatory authority who governs the financial services businesses based here, VideForex remains unregulated by them. While this is somewhat concerning, VideForex comes from a reputable background and has been competently providing trading services since 2016. As mentioned earlier, VideForex is an international trading brokerage that serves traders from all over the world. However, they do not provide services to traders from the US and parts of Europe and Asia. VideForex does however offer their services in multiple languages including English, Russian, Spanish, French, Dutch, and Thai languages. VideForex may need to pay close attention to their peers, as currently, a demo account is only offered for verified account holders who make a deposit.

Other assets include commodities, stocks, and cryptocurrencies. The web platform comes with a simple interface, which may be a huge deterrent for veteran traders looking for advanced tools and features. The VideForex apps for smartphones and tablets are developed as binary options platforms that also support Forex and CFD trading.

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We do not trust this broker and do not recommend it to you. Yes, Videforex has a mobile app for Android, iPad, and iPhone. To explain it another way, Dukascopy is doing daily technical analysis and VideForex is presenting it as their own. They don’t even bother to remove the label that says “Powered by Dukascopy” from the charts. When I clicked on that label, I was redirected to Dukascopy and all I had to do next was to go to their Technical Analysis section where I could find all the content. The platforms are quite basic and not as competitive as other established platforms.

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The wording above is constructed in such a way that it leads you to believe that trading is covered by regulations, yet there are none, and hence this relates exclusively to the actuary. Oddly but surely the minimum depositing amount is actually discussed on the site. The way the site gives its consumers this specific information is yet again another gimmick that doesn’t have much functional use.

Final Verdict: Videforex

The girls have on many occasions have referred to the platform as an international brokerage firm. However as we have already discussed they only have a Vanuatu license, which is filled with faults and can not always be trusted. In order for Videforex to truly provide its products and services to other jurisdictions, they need to have a secondary internationally acclaimed license which they don’t possess.

It provides traders with the necessary knowledge that they will need to become successful traders. Gold Account – A minimum deposit of $3,000, access to a Master Class, a bonus of +100%, and 3 risk-free trades. Silver Account – A minimum deposit of $1,000, access to a Master Class, a bonus of 50%, and 3 risk-free trades. The minimum initial deposit requirement is said to be $250.

  • VideForex accept deposit from all countries via Visa, Bitcoin, Ethereum, Netteller, Skrill, Perfect Money and other Altcoins.
  • VideForex clearly scores in terms of offering one of the best customer service channels in the market.
  • A bonus will always have a few trading conditions, which can prevent you from withdrawing your money without trading the minimum required volume.
  • However, traders may feel confused by the differing information provided on the website, as VideForex advertises itself as a Forex and CFD broker, while the actual information indicates a binary options service.
  • It has a proprietary financial trading software whose main advantage is the Copy Trading tool.

VideForex gives investors, who wish to Forex and cryptocurrency, an ability to trade contracts for difference without actually owing the instruments as it is in traditional Forex trading. CFD trading frees the investor from so much risk as you are not putting up the full value of the shares you are trading. Potential investors are able to choose between 3 different account types Bronze, Silver and Gold. Each account comes with a demo facility, 1 hour withdrawal time and a copy trading facility. Additionally, the binary options trading platform has some mouth-watering bonus packages.

Recognizing the fact that there are different traders with different levels of trading skills, Videforex has provided a selection of 3 different types of trading accounts. For beginner traders who are just starting out, there is the Bronze account. This account only requires a minimum deposit of $250 to open and comes with a 20% deposit bonus.

License and Security – Is VideForex Legit?

This is largely because Videforex is the only platform in the entire binary options trading industry that has provided a live video feed of the people that you talk to on live chat, email or telephone. Compared to so many other brokers online, Videforex is quite high-priced for all of its online trading accounts. This provides access to the Bronze account features, which include a bonus of 20%, a Copy Trading tool, and a demo account.

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. Videforex has quite an average offering compared to many other online brokers. The costs are quite high, unlike GKFX – which not only comes with lower spreads but has no minimum deposit while offering trading account options for all types of traders. On the in-house trading platform, traders can choose from more than 100 instruments, ranging from forex trading to binary options.

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Upon questioning, through their support page, I was a able to get in and discovered the balance was $1,700. I attempted to ascertain what happened to my money and once again, I was locked out. I am looking for ways to file a formal complaint against Vide Forex. They blocked my account after requesting to withdraw portion of my money. The claim due to suspicious activities my account is blocked.

After the withdrawal amount was taken out I can see the new balance. It was still pending this morning and then it was closed. Makes no sense except what everyone else has said which is that they commonly do this and take peoples money.

Don’t miss out on great trading opportunities

Enter the amount you wish to invest and select your preferred expiry… While you are still learning how trade, you won’t lose large amounts of money. There are no limits on how many trades can be made simultaneously. Copy trading tool is available across the different account packages. The bonus on offer can reach up to 100% of the deposit amount.

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The videforex reviews and bonuses are okay but nothing to brag about. Videforex is a mess of a site that is only concerned with aesthetics. The site does not provide highly acclaimed MT4 or MT5 trading platforms. Instead one can use a web-based custom platform for desktop and mobile.

I placed my withdrawal on Videforex…

This broker firm is commodifying the looks of the operator girls by constantly promoting them on their website. The cash deposited plus the bonus must be turned over three times in order to qualify for an initial deposit withdrawal profit with a Videforex account that has been awarded a bonus. For example, if a client deposits $1,000 and receives a $300 incentive, the client must turn over at least $3900. Turnover is calculated by adding the total amount of all trading orders, minus the amount of any trade orders that have been canceled by the client or Videforex.

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While the broker might be a credible trading platform, they are closely run by other offshore brokers making them unreliable. Their website does not include any regulatory information. For this reasons, we recommend that you take extra precaution when opening an account with them. CFD trading is a highly profitable, but risky financial tool that can help you make a profit in as little as 60 seconds. Binarycent platform allows you to trade Forex and CFD starting… ExpertOption has been continuously working to transform the traditional smart trading market, in order open the financial markets for everyone.

Make your search and research before deposit there.They scam all my money. The platform wants you to feel inadequate at finding the bare minimum intel. They want you to opt and talk to the service girls so they can trick you into their own agenda. They have a list of trusted, but not regulated, brokers that accept US residents. Fortrade is a popular broker that have license from FCA United Kingdom and ASIC Australia.

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The use of VideForex platform does not induce much confidence, as the platform is a proprietary interface that offers both binary options and FX/CFD products through a Web Trader. Web traders have traditionally been marginally inferior to installable interfaces, as web-based interfaces don’t provide the much-needed dexterity for trading. From our observation of Videforex during the course of our review of its services, we were quite impressed with what this young broker has to offer to its clients. Considering the fact that the fastest time that most binary brokers can process a withdrawal request is within one business day, Videforex’s 60 minute withdrawal pledge seems light years ahead of the competition. As such, when we take everything into consideration, our conclusion is this broker is most definitely worth trying out. VideForex has three categories of accounts, the Bronze, the Silver, and the Gold accounts, which have VideForex minimum deposit requirements of $250, $1000, and $3000, respectively.

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The minimum binary options trade is $1 and payout is up to 85%. Other than not being regulated, the trading conditions offered by VideForex need improvement, and the trading platforms are not as competitive as other popular platforms used by the majority of Forex brokers . Once again, our kind advice to you is to go for a brokerage company that is fully licensed and regulated, so you don’t have to worry whether your funds are in safe hands or not. Bonuses are not very common in the Forex industry, as the majority of financial regulatory bodies restrict brokerage companies to attract new customers through promo codes. Since VideForex is not regulated, they have the ability to have promotional offers available on their website. The promotions section is quite rich – there are multiple giveaways available offering different kinds of rewards including Apple Watch, iPad Pro, etc.

Additional https://traderoom.info/ of support include the websites extensive FAQ page and contact via VideForex’s social media channels. Videforex offers a mobile app compatible with both Android and iOS. Overall, the trading platform is well designed hence making it easy to navigate around the platform. Our guess is Videforex has intentionally built their trading platform in this manner just to keep things simple.

That’s the BIGGEST red flag right there, how can this platform let people trade on the weekend when the market is closed? Makes no sense, also withdraw on the websites says withdraws in 1 hour, that is a false statement , you have to contact the financial department to beg for a withdraw, this platform is not good, I would advise to avoid it. In spite of the regulatory confusion, the FGC assures its traders of the best in services by offering a secure trading platform. Of course, FGC has a massive responsibility to its clients, which is why they try hard in offering innovative services that are designed to give sleepless nights to the competition. You should consult with your local authorities, as well as VideForex’s excellent customer service department, so as to ensure that you follow all applicable laws while trading Forex and other CFD products with the company.


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