Of all the brokers out there, VideForex.com is one of the few that tries to be upfront about their fees. This page’s comprehensive brokerage analysis includes accounts, pricing, platforms, and rules. After considering all the benefits and drawbacks, I will decide whether or not to include this company on the best day trading platforms list. 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.
- Promo terms and conditions are available on the broker’s website.
- All information on 55brokers.com is only published for general information purposes.
- The financial products offered by the promoted companies carry a high level of risk and can result in the loss of all your funds.
- Worry not; any confidential data received by VideForex from its forex traders isn’t shared with third parties and is stored securely.
- VideForex’s Silver account entitles users to the same features granted to Bronze account holders, but they also gain access to a master class, which is a web session, and a 50% bonus.
Despite global trading capabilities, the platform is not available to those located in the United States, Asia, or parts of Europe. New VideForex clients are required to submit a deposit of $250. We’re assuming this is the amount of money one needs to access the lowest account tire, which is the bronze account type. The minimum deposit requirements for silver and gold accounts are $1,000 and $3,000, respectively.
You can 100% make money with it, but it’s not NEARLY as simple as VideForex wants you to think it is. Yes, VideForex is a legitimate company, even though it does not have the same regulatory standing as some market heavyweights. This should reassure all clients that their funds are conveniently available.
Your virtual funds will depend on how much you decide to deposit into your trading account. You can speak with a customer support representative to verify your deposit, and so they could open a demo account for you. Promo terms and conditions are available on the broker’s website. Whether you’re day trading forex, CFDs, or binary options, the bonus requirements are the same. Videforex requires a starting deposit of $250 for new trading accounts.
VideForex minimum deposit
It has developed its own proprietary financial trading software and platform and welcomes day traders, whether newbie or professional traders. The Videforex trading platform is designed to meet the needs of investors and traders of all levels from all over the world. Nevertheless, the services of this international brokerage firm are not accessible to the US and a few regions of Asia and Europe. Videforex offers Forex, CFD, and Options trading with more than 100 assets available for trading.
This depends on the payment method uses and can be anything from an instant withdrawal or it may take up to several days, as the case may be with bank transfers. The homepage features a banner that claims that the broker is regulated, although no mention of regulation can be found on the website. Movements in the price of foreign exchange and commodities are very unpredictable, hence Videforex cannot guarantee a maximum loss that a trader may suffer. Videforex warns that margin trading involves the potential for profit as well as the risk of loss. There is a banner on the homepage which claims regulation, but there is no regulation indicated on the website.
Gold Accounts Features
Although their trading platform is inadequate, their customer service is very original and competent. There’re several trading instruments present where the investors can choose which one is suitable for them. There are no funding nor withdrawal fees applied on any of the cryptocurrencies methods, However, there is a 5% on the Visa and MasterCard deposits and withdrawals. Despite being a binary options broker, Videforex requires clients to go through a verification process. It involves providing personal information and a copy of a document proving your identity.
The broker’s binary options offer payouts of between 20% (cryptos) and 98% (OTC currency pairs). 2023 also saw Videforex expand its suite of OTC assets with payouts up to 95% and trading opportunities on popular global markets. Clients simply need to decide whether the price of an underlying asset will rise or fall. Potential payouts and losses are fixed before the investor opens the trade. Videforex offers 24/7 trading on popular markets, including forex, commodities, and cryptocurrencies.
The VideForex trading platform seems inherently familiar, as it shares its traits with other similar web properties that offer binary options services through different brand names. The VideForex apps for smartphones and tablets are https://traderoom.info/fxpro-overview/ developed as binary options platforms that also support Forex and CFD trading. Additionally, the Web platform can also be used for trading on mobile devices, but traders may prefer the apps available for Android and iOS devices.
VIDEFOREX accepts payment methods including Visa and MasterCard, Bitcoin, Altcoins, and Ethereum. There is a transfer fee of 5% for Visa and MasterCard payments, while cryptocurrency payments have no transaction fee. Deposits made using Visa and MasterCard are credited instantly, while cryptocurrency deposits are also processed instantly.
A new link will pop up, and clients should click on the Take a Snapshot button on the top right portion of their screen, or they could simply enter the hotkey for it, which is Alt + S. By clicking on your text options, you can add anchored texts, notes, callouts, and price labels to keep notes for trading. Furthermore, tools can be found on the bar on the left of your charting software.
Videforex offers trading on major exchanges such as the FTSE. They will never let you withdraw your funds, coming up with excuses after excuses not to let you withdraw your money. Additionally, IQ Option has some degree of pedigree in the market having been around since 2013. VideForex, on the other hand, is a newer platform that was founded in 2016.