Over the past five years, he has gained experience trading currencies, stocks, options, and futures. Theo’s trading experience led him to test out over one hundred different trading services and he shares his insights in reviews to help other traders. All in all, Videforex has a few shining features, although these have a mixed audience, based on our Videforex review above.
FAQ: Videforex Review
Upon using the platform for the first time, it’s evident that it is intuitively designed and great for beginner traders. 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 Trading Platform
If the service is temporarily unavailable, this could delay entering at the desired price. Importantly, withdrawals can be processed within an hour if a customer’s ID check has been completed. Videforex bitit review fees vary depending on the instrument being traded. As per the broker’s terms and conditions, opening an unleveraged cryptocurrency CFD position will face a charge of 1–2.5% of the transaction value.
Videforex commissions and brokerage charge
But if you are a beginner, you must stop yourself from depositing high initial amounts by choosing the Bronze account. Videforex does not permit its clients to use features like forex expert advisors. In addition, it is incompatible with several tools and indicators.
Candlestick Charts
The minimum deposit requirement to open a live account with Videforex is $250 or equivalent currency for the Bronze account. However, the broker is not regulated by a reputable authority and therefore UK traders deposit at their own risk. Topics include account features, trading help and registration. Not every online broker offers this, making Videforex a good fit for those with limited time or changing schedules. Once you have made a deposit, you gain access to a Videforex demo account. This is the ideal place to develop a strategy and get familiar with market conditions using simulated money.
The broker also offers promotions and bonuses, 24/7 video chat and several funding methods. On the downside, more advanced traders may find the single platform and the low number of assets available limiting. And critically, Videforex is unregulated and should be reviewed carefully before committing funds. VideForex’s demo account entitles all registered clients full access to its features and services. Here, clients can practice various trading strategies that they can use for binary options trading or for CFD and forex trading.
Free demo accounts are available and with this broker, we truly advise that you create one, even if you are an experienced Forex trader. The reason for this recommendation is the fact that far too little trade-related information is provided on the VideForex website. This extensive selection reflects Videforex’s commitment https://forexbroker-listing.com/hycm/ to providing a user-friendly and innovative trading platform. 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.
The exact amount of the bonus depends on your initial deposit. 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. 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. Not to mention that the minimum deposit amount for CFDs, forex, and binary options are the same. You can always use the web-based service if you do not find the mobile app Videforex trading comfortable.
To trade options, you must learn the basics of what a binary option is and the definition of the common terms such as put and call. VideForex’s mobile application functions the same way as its web-based platform. Here, you can trade all the available assets and even withdraw and deposit at a click of a button.
Because so much of currency trading focuses on speculation or hedging, it’s important for traders to be up to speed on the dynamics that could cause sharp spikes in currencies. Foreign exchange trading—also commonly called forex trading or FX—is the global market for exchanging foreign currencies. Countries like the United States have sophisticated infrastructure and markets for forex trades.
Easy to digest for beginners, these can help investors find opportunities and time trades. The Videforex mobile app is a user-friendly trading solution for Android devices. It offers a full suite of tools and features and is a good supplement or alternative to the desktop solution. Trade binary options and CFDs on global stocks from US, European, Russian and Asian exchanges, as well as 37 indices covering a wide range of global markets. Newer traders will find a lot to enjoy about trading binary options on Videforex’s easy-to-use proprietary platform, as well as the broker’s copy trading solution.
- You will need to open a real account, deposit the minimum deposit and then get in touch with VideForex customer service to request Videforex demo account credentials to access.
- Easy to digest for beginners, these can help investors find opportunities and time trades.
- The brokerage may not be licensed or regulated, but they have thus far proven to be a reliable and competent online trading broker.
- Their charts are powered by TradingView, the leading application for all your charting needs.
This means the broker can provide you with capital at a predetermined ratio. For example, they may put up $50 for every $1 you put up for trading, meaning you will only need to use $10 from your funds to trade $500 in currency. The market is open 24 hours a day, five and a half days a week. Currencies are traded worldwide in the major financial centers of Frankfurt, Hong Kong, London, New York, Paris, Singapore, Sydney, Tokyo, and Zurich—across almost every time zone. This means the forex market begins in Tokyo and Hong Kong when the U.S. trading day ends.
A short trade consists of a bet that the currency pair’s price will decrease. Traders can also use trading strategies based on technical analysis, such as breakout and moving averages, to fine-tune their approach to trading. Using a demo account, VideForex users won’t risk their hard-earned capital. Instead, they will be using virtual funds provided by the broker. However, to be able to trade using the demo account feature, clients will need to deposit at least $250. For options trading, you will notice that you are not able to trade indices and are limited to only forex, commodities, stocks, and cryptocurrencies.
You can quickly initiate trades from anywhere using the mobile version of Videforex. You can also keep yourself updated with the latest trends in the market with real-time feeds. Despite the number of features and benefits, Videforex has some drawbacks. You must carefully check those drawbacks before getting registered with this trading platform. The better customer care service of Videforex distinguishes it from other trading brokers that do not have this effective service. So, register yourself with Videforex and get your issues quickly resolved.
These tools will allow you to draw patterns and mark significant price points that you can use for your trades. Options traders will also be glad to find out that they could switch to candlesticks charts which will be discussed below. It’s a simple chart but is effective when used since it also features a gauge for the demand of puts and calls for an asset. This could be used as a guide to know if you’re going with the trend of a trade or against it. The application is free to download yet it’s still not any known forex platform. So in order to have a gold account, you have to deposit at least $3,000.
VideForex makes sure to process the withdrawal request instantly, and clients will get their funds within one hour. Although, as previously mentioned, there might be a slight delay if you decide to withdraw during the weekend or public holidays. An added perk for Silver accounts is the client’s first three trades are risk-free. This means that if the client loses money on their first three trades, the losses will be credited back to their account as trading funds.
There are video tutorials on how to use the platform so their clients can easily execute trades and navigate their way through the broker’s system. These methods are Visa or MasterCard debit or credit cards, Bitcoin, Altcoins, and Ethereum. Funds will be credited to the account instantly, but it is worth mentioning that you might need to wait a little longer if you deposit during weekends or public holidays. With their copy trading feature, you will be able to see the top 10 traders of VideForex and their respective profit percentages in the past months. You can allocate a set amount of investment with any of the top traders and wait until you are satisfied with your gain.
The next account type that Videforex offers is the Silver account. It targets the traders who have gained a good experience in binary options. Like other trading platforms, Videforex also offers different trading account types to its users. Each trading account has a different minimum deposit amount and features.
For traders—especially those with limited funds—day trading or swing trading in small amounts is easier in the forex market than in other markets. For those with longer-term horizons and more funds, long-term fundamentals-based trading or a carry trade can be profitable. A focus on understanding the macroeconomic fundamentals that drive currency values, as well as experience with technical analysis, may help new forex traders become more profitable.
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 stands out with its comprehensive and user-friendly mobile trading solution, offering short-term binaries across a wide range of assets. The web-accessible application is fast, intuitive, and perfect for beginners, complete with a helpful guide upon first use.
Our review covers everything you need to know about the online trading platform, including the sign-up and login process, plus how to deposit and withdraw. There are three account types that clients can choose from, https://broker-review.org/ Bronze, Silver, and Gold. Each of these accounts has its own perks and minimum deposits. Additionally, trading bonuses are granted to account holders. The bonus depends on the account type and your initial deposit.
Hello to everyone.Forexbrokerslab is my personal blog where I review reliable forex brokers. Forexbrokerslab is a project that aims to educate and protect forex traders. In this blog you’ll find practical guidance, unbiased reviews and much more. Spreads are medium too, maximum leverage ratio is lower than most off-shore brokers. So if you are a trader who likes taking risks, it’s not a positive thing. VideForex doesn’t support non of the most used platform in the forex industry which includes MT4 and MT5 which are the most popular platforms in the forex and CFDs markets.
However, you need to remember that leverage trading is not risk-proof. That means if you have incorrectly predicted the market, you will lose a huge amount of money. It happens because the fees charged on leverage trading are higher than those for non-leveraged assets. If you want to register with Videforex, you must pay a minimum deposit of $250. After paying the deposit amount, you can access your trading account with Videforex. However, the spread can vary depending on multiple factors, including liquidity, external market factors, or instruments.
No, Videforex is not regulated by any authority, and is located in the Marshall Islands, a popular destination for offshore brokers due to weak regulatory supervision. For all of our broker reviews, we research, validate, analyse and compare what we deem to be the most important factors to consider when choosing a broker. This includes pros, cons and an overall rating based on our findings. We aim to help you find the best broker according to your own needs. Investing.co.uk has been helping British traders find the right broker for over 20 years. To open an account, UK clients must complete the online registration form.
But while these are useful features, there is a lack of advanced trading tools for account holders. For example, there is no economic calendar, forex heat map or online trading forum and tutorial. As a result, veteran traders may want to consider alternative providers. The firm has grown in popularity due to the increase of swing trading binary options, CFDs and FX. Videforex.com offers a bespoke trading platform on the web and a free mobile application.
Another perk is the Rollover tool which lets traders increase positions up to 100% of the selected timeframe on the first use. When we used Videforex, we found there is a commission for opening an unleveraged cryptocurrency CFD position. Opt for leveraged CFD cryptocurrency positions, and the fee can climb to 5%. Additionally, VideForex has a minimum withdrawal amount of not less than $50. The best thing about VideForex withdrawals is that they are processed within the hour.