Videforex Review
I like that the potential returns at Videforex are higher than binary platforms I’ve tried in the past. But to get a decent welcome bonus you really need at least a Silver account which needs a $1000 deposit and more than I could afford. The platform itself is super easy to use, even for beginners like me.
Depending on their objectives and budget, one can select an account. VideForex is one of the best–established brokers in the forex market, working since 2016. Below is a list of countries where Videforex offers its services. Videforex does not permit its clients to use features like forex expert advisors. In addition, it is incompatible with several tools and indicators. Between 74-89% of retail investor accounts lose money when trading CFDs.
What Are Videforex Minimum Deposit Requirements?
Otherwise, find another brokerage provider that is well-regulated and adheres to regulatory guidelines. VideForex offers research & education resources through their parent company. Traders are issued with top trading tools, personal account managers, and advanced market analysis. When it comes to withdrawal, traders can use all the major payments methods mentioned above. VideForex imposes a fee of up to $50 for all bank wire transfers. However, we were surprised to find out that the broker has gone above and beyond to make their web-based trading platform mobile-friendly.
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When it comes to costs, the traders need to maintain a minimum account balance, pay commission, or spreads per lot. But if traders trade on some specific account type with real money, they must pay some charges. Yes, VideForex offers a demo account trading for all the traders. The only exception here is the gold and silver account, where traders need to pay a commission of $2 or $3 per hour. Additionally, traders can buy traders easily here as the login process is quite simple.
The broker offers a facility to the traders where potential clients can access the services available. But the charges are likely to change on the basis of the accounts they choose. A demo account is one of the best options for traders https://traderoom.info/videforex-a-reliable-broker/ that prefer risk-free trading. Unlike traditional forex brokers, Videforex focuses primarily on binary options and CFDs, so leverage is not as prominent a feature as it is with other platforms.
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When it comes to charges of the demo account, it is pretty accessible. If one wishes to have a demo account, they can avail of it by paying no charges. Rates, terms, products and services on third-party websites are subject to change without notice.
From here, you could execute your order automatically by way of a market order. At the bottom of your trading platform, there is a table that would feature open, closed, or pending positions that have been executed by the system. All details listed here are vital for backtesting, portfolio management, and trade review. Subsequently, users can also view which trades have been profitable to them. Dealing with unregulated brokers can be very risky because there isn’t a regulatory authority to hold them accountable. If you have to trade with VideForex, you should expect anything.
They can help themselves with a demo account, too, where they can learn about the workings of the market. The new traders especially choose the VideForex demo account so that they can check their trading strategies without incurring any losses as such. TradingBrokers.com is for informational purposes only and not intended for distribution or use by any person where it would be contrary to local law or regulation.
- In conclusion, Videforex is an online broker that offers forex and binary options trading on a variety of markets, such as currencies, stocks, indices, commodities, and cryptocurrencies.
- It allows traders to fund their accounts from any part of the world.
- When a broker isn’t regulated, it means they don’t have a license from any financial regulatory authority.
- If traders explore, VideForex demo account, they can access a plethora of activities.
So, if you are serious about trading, you must choose this account by paying a minimum initial deposit of $3000. With the exception of stock CFDs, the same selection is also largely found for traders who prefer to stick with traditional CFD & forex trading. Launched in 2017, Videforex offers access to stock, index, crypto, forex and commodities markets via binary options and CFDs. To evaluate brokers, we test the accounts, trading tools and services provided. Over 200 data points are considered, from minimum deposits and trading fees to the platforms and apps available.
Even though you are a day trader, CFD trader, or binary options trader, you can choose Videforex for a successful career. Information on the TopForx.com website is for informational purposes only and does not constitute any motive or suggestion for visitors to invest money. Moreover, we hereby warn you that trading on the Forex and CFD markets is always a high risk.
Submit Your Own Review of Videforex
We do not provide financial advice, offer or make solicitation of any investments. Sadly, there is also a lack of information in many other areas of VideForex’s website. For example, there is no overview of trading conditions like spreads and commissions, and no pricing tables available.
In addition, users can view their trading history, make deposits and withdrawals, and execute orders at the click of a button. Traders can use the demo trading account to get real-life trading experience and market knowledge. The demo account by Videforex gets activated after you fund your real trading account with the minimum deposit amount. Videforex offers services in multiple countries and supports different payment methods. It is done so traders can quickly initiate a trade from any part of the world.