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. Videforex is one of those brilliant trading brokers that allows you to place trades for just $1.
Does Videforex charge commission?
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. This payment structure also applies when you want to withdraw money, and the withdrawal request for your own money is guaranteed in one hour. Videforex does not provide access to any popular platforms like MetaTrader. It has a proprietary financial trading software whose main advantage is the Copy Trading tool. Essentially, you open an account and deposit your money on the web-based platform, then you can choose whose trades to copy. 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 platform offers direct access to deposit and withdrawal functions through “Add Funds” and “Withdraw” buttons, streamlining account funding processes. VideForex rewards traders who are dedicated to their brand by allowing them to participate in weekly contests where prize funds of $20,000 are awarded every week. 20 skilled traders receive cash prizes, electronics, tickets, and more from the $20,000 prize fund every week. Other bonuses include an initial deposit bonus that ranges from 20% up to 100% depending on the size of your initial deposit. They’ve added an AI Trade feature as well but gotta say I’m not confident enough yet to let a machine do ALL my analysis and trade entries/exits. Videforex offers Videoforex Web Platform to cater to the diverse needs of its clients.
- Not only do these contests help you get hands-on experience, but they also bring attractive cash rewards.
- This service is also mobile-friendly and relatively easy to use.
- This allows more control in handling your trades and could lead to more gains and fewer losses.
- They use all sort of manipulative tricks to make sure you pay and then disappear into thin air when its time for payment on their side.
- When evaluating brokers, the ease with which deposits and withdrawals can be made is another imperative factor to consider.
Traders who deposit funds with a broker with no regulation do so at their own risk. In the UK, financial service providers must be regulated with the Financial Conduct Authority (FCA). Client fund segregation, negative balance protection and compensation services are not guaranteed. The minimum amount for withdrawals is $50 or equivalent currency. Fast processing times is available for all payment methods, and are guaranteed within 1 hour.
This guarantees that there is a regulatory body looking after your interests as a trader. From our experience, we can say that VideForex is highly regulated and safe. The Commodity Futures Trading Commission oversees the broker and VideForex offers a high level of security for customer data. Despite being a relatively new entrant in the trading industry, Videforex had established a name for itself. It offers traders an opportunity to trade on several dozen of financial instruments.
- The first was that any international wire transfer withdrawal will be charged an upfront $50 transfer fee.
- Videforex requires a starting deposit of $250 for new trading accounts.
- Traders can earn up to 98% payouts speculating on the price direction of 100+ assets.
- There are three account types that clients can choose from, Bronze, Silver, and Gold.
Payment Methods
The costs appear to be the same as above, with a 5% fee on credit card transfers, but we’d advise that you confirm this with a support agent. We did note two items within the user agreement that we felt were worth sharing. The first was that any international wire transfer withdrawal will be charged an upfront $50 transfer fee.
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. 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.
Forex Broker Reviews
This is because the one who charges high may sting your profits, and the one who charges too low may not offer you reliable and speedy services. However, before you step into the world of Forex and binary trading, choosing the right online broker is of utmost importance. This is because the brokerage you choose has a profound impact on determining your trading success. A trading bonus of 20 %, 50%, or 100% will be granted to users depending on their account type. The exact amount of the bonus depends on your initial deposit.
Deposits and Withdrawals
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. If you’re seeking the finest online day trading brokers, VideForex.com is worth a look.
The AI Trade feature automates strategies using predefined algorithms. If you have experience trading with Videforex please share your personal review of the broker and what you think are strong and weak points. If you have traded with Videforex we would really like to know about your experience – please submit your own review. This average customer rating is based on 6 Videforex customer reviews submitted by our visitors.
Nevertheless, with practice and trading experience, traders should be able to choose their preferred instruments. VideForex is a company that has ventured into the world of Forex and CFD trading to try their hand at one of the largest financial products in the market. Forex and CFD trading is a large legal activity across the world, but there may be some regulatory restrictions that vary from country to country. All VIDEFOREX clients have access to a live chat trading feature.
Customer Support
Videforex offers binary options and leveraged CFDs on major, minor and exotic currency pairs, a dozen cryptos including Bitcoin, plus commodities like gold. You can also trade major indices like the Dow Jones 30, S&P 500, and FTSE 100 (CFDs only). Forex regulators are tightening their guidelines to prevent brokers from offering any promotions, which makes it all the more attractive to invest in reliable brokers operating from tax havens. By opening an account at VideForex, traders can choose anywhere between 20% and 100% deposit bonus, on top of the regular trading contest that assures of weekly prize money of $20,000. Each remarkable trader can earn up to $5000 in prize money for beating the competition, and the prizes are handed out every week. VideForex has managed to acquire close to 5500 active users since its launch in 2017, with a monthly transaction volume of close to videforex review $5 million.
Asset Selection & Market Symbols
Potential payouts and losses are fixed before the investor opens the trade. There is simply a FAQ section with a few queries and their answers, but no more information is supplied. VIDEFOREX does not provide any educational resources, except a two-video embedded video on the site.