Education refers to all the learning material and tools offered by brokers which is imperative for traders in their trading activities, especially beginners. It provides traders with the necessary knowledge that they will need to become successful traders. This amount is often lowered substantially when leverage is applied. This trading platform offers a 100% deposit bonus on the first deposit. Before registering with this platform, you must go through the terms and conditions to get a clear idea of how this broker works. As a trader, you are required to use comprehensive trading tools to increase your chances of winning a trade.
Platforms & Tools
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. While VideForex is primarily geared towards servicing novice traders, they do offer three different account types that reward traders who make larger deposit amounts.
- You can get to your choice of currency pairs, commodities, and indices with just a few clicks.
- We offer impartial reviews of online brokers that are hand-written, edited and fact-checked by our research team, which spends thousands of hours each year assessing trading platforms.
- In addition, it is incompatible with several tools and indicators.
- If you have experience trading with Videforex please share your personal review of the broker and what you think are strong and weak points.
Margin is the amount required at the start of every trade which is collateral for any credit risks which may arise while trading. It is expressed as a percentage of the position size and traders must ensure that they have adequate funds to cover this requirement. While trading in a demo account, you can develop hands-on experience. You can use this experience for better strategy development and properly understanding the market conditions.
Deposits and Withdrawals
As cybercrime is on the rise and online scams prevalent, trusting your broker with your confidential data is important.
Client fund segregation, moneyball negative balance protection and compensation services are not guaranteed. Videforex offers a variety of markets for its clients to trade on, including forex, CFDs, and options. These markets allow clients to speculate on the price movements of different assets, such as currencies, stocks, indices, commodities, and cryptocurrencies. Each market has its own characteristics, advantages, and disadvantages, and requires different strategies and skills to trade successfully.
After you gain proper confidence with the demo account, you can then start real trading by investing the real money. Not to mention that the minimum deposit amount for CFDs, forex, and binary options are the same. While Videforex is a new entry in the trading world, it has become quite popular among traders. Through this platform, you can use numerous financial instruments.
Funding
In summary, Videforex offers a variety of account types to suit different trading styles and preferences. Each account type has its own advantages and disadvantages and requires different levels of investment and risk tolerance. Therefore, clients should carefully consider their trading goals and needs before choosing an account type. The broker offers live video chat support, which you can access directly from the homepage.
We noted in this VideForex review that the firm mentions two other deposit amounts, $1,000 and $3,000, in relation to increased deposit bonuses. It very well could be that these two amounts are linked to the Silver and Gold accounts, respectively, but we were not able to confirm this. Most brokers have this requirement set in lots (or micro lots), so the answer was surprising, but not alarming. A requirement of a $1 investment is very reasonable and no cause for concern. Videforex only offers its own proprietary trading platform on the web and mobile. To win a prize, traders are required to activate the giveaway in the ‘My Promotions’ section after funding their trading accounts.
In most instances, such a statement is a red flag and may bring the legitimacy of the broker into question. top forex trading strategies and free weekly trade setups Traders are urged to take caution when brokers make such statements. Videforex was founded in 2016 and is headquartered in Seychelles. Videforex is operated by Involva Corp. which is based in the Marshall Islands. Finding a reputable Videforex review local or worldwide can be a difficult process, especially finding a complete list from a trustworthy reputable source. If you want to open an account with Videforex, you can do it in just a few seconds.
Note, there are no third-party platforms such as MetaTrader 4 or 5. Above all, our experts assess whether a broker is trustworthy, taking into account their regulatory credentials, account safeguards, and reputation in the industry. Compare Videforex with any other broker by selecting the other broker below.
The same video seems to be played along with each live chat and to be quite honest, we found it to be quite comical. Technically, it is live video chat support, but do not expect to sit down face-to-face with an agent. The Videforex referral program allows traders to invite friends, family members, and colleagues to register for a trading account which provides the referral with 20% of their initial deposit. Should the referral deposit $1,000, the trader receives a commission of $200. Commissions are charged on certain instruments, often when traders are offered with variable or floating spreads, as the percentage charged counts towards the broker’s fee for their services. Brokers who are Market Makers, or who offer fixed spreads, often offer commission-free trading.
Videforex Review
When we used Videforex, we found that deposits are processed instantly while withdrawals can take up to one hour. The platform charges a swap fee of 0.07% of the face value all xp coin locations for fortnite season 5 week 7 of the position to hold a position overnight. Note also that VideForex does reserve the right to charge $10 per month for each and every month wherein the client has not executed at least one trade. To avoid this charge, be sure that you do enter into a least one position monthly. Doo Prime is a highly regulated and trusted Forex broker known for its robust regulatory oversight and commitment to providing a secure trading environment.
The VideForex trading brokerage was founded in 2016 and is based offshore in the Seychelles. Launched in 2017, Videforex offers access to stock, index, crypto, forex and commodities markets via binary options and CFDs. The platform offers a user-friendly and intuitive interface that allows clients to stay connected with the global market and not miss out on any trading opportunities. The platform features regular CFD and options trading, direct deposit and withdrawal via the app, and a 60-second trading option. Additionally, clients have access to their account and portfolio information through the platform. The benefits of the platform include instant execution of trades, live charts of every option available, the ability to view trade history, and the same login as the web-based platform.
