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. Then, when you are confident, you can start putting real capital on the line. Access to comprehensive trade data and quick withdrawal processing allows for a dynamic trading approach, providing the flexibility to act swiftly on market analysis and insights. Margin call is account state when all your open trades will be automatically closed. Margin call is triggered by 5% margin level (5% from free funds + opened positions margin).
VideForex Review
However, it is somewhat disappointing that VideForex is not offering CFD cryptocurrency trading pairs as most new online trading brokerages of this kind are. VideForex provides novice traders with an exceptional online trading experience with a personalized level of support that boosts the trader’s confidence and ability to trade. The trading platform featured by VideForex is very simple yet sophisticated enough to competently trade CFDs and binary options on a variety of financial assets. The brokerage may not be licensed or regulated, but they have thus far proven to be a reliable and competent online trading broker. All in all, we would highly recommend VideForex to beginner and novice traders around the world. VideForex is an international online trading brokerage that provides traders with the opportunity to trade a broad range of CFDs and binary options on an array of financial instruments.
Upon going to the VideForex website you are greeted by a friendly live support representative that you can see and interact with. The live video chat service is available 24/7 to VideForex customers and is accompanied with other contact methods such as email and telephone support. All support methods are very quick to respond and are very friendly, helpful and informative with their responses. Additional methods of support include the websites extensive FAQ page and contact via VideForex’s social media channels. Videforex is an online broker specialising in forex, CFD, and options trading. Clients can access 100+ assets on their proprietary trading software.
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Traders are urged to take caution when brokers make such statements. Videforex is operated by Involva Corp. which is based in the Marshall Islands. 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.
Not able to withdraw my money after six weeks of trying
It is expressed as a percentage of the position size and traders must ensure that they have adequate funds to cover this requirement. The bonus meter which is provided on the Accounts page of the Videforex website has a slider that calculates the US Dollar value that traders will receive upon making their first deposit. PerfectMoney is available with up to 1 hour processing time and no fee.
- We have over 20 years of experience when it comes to trading online so we know what to look for.
- This broker definitely has some impressive capabilities under the hood.
- Videforex was established in 2016 and is operated by INVOLVA CORP, located in the Marshall Islands.
- I would say it is not the most friendly platform, especially when I want to do quick exchanges on stocks that I am invested in.
Fast processing times is available for all payment methods, and are guaranteed within 1 hour. The lack of regulation poses a significant risk for traders who choose to trade with Videforex. There is no guarantee that the broker will honor its obligations, process withdrawals, or safeguard client funds. There is also no recourse or legal protection for traders in case of any disputes or problems with an offshore broker.
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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. 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. Videforex is one of those brokers that does not have any form of regulation.
Please see a list of regulated brokers for some alternative options. Videforex offers 24/7 trading on popular markets, including forex, commodities, and cryptocurrencies. The broker also offers guaranteed withdrawals in less than an hour and live video support to assist users. One standout feature is the swift withdrawal process, which enhances my trading experience by ensuring quick access to funds.
Credit/debit card deposits (VISA and MasterCard) will be processed instantly with a 5% transfer fee. 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. We do not provide financial advice, offer or make solicitation of any investments. Yes, but you need to make a deposit first and contact customer support to get your demo account credentials. Both beginners and experienced traders can compete, as all accounts automatically participate.
The only disadvantage I have experienced is the absence https://forexanalytics.info/ of MetaTrader 4 and 5 platforms’ presence. It is not an issue and it is not an annoying factor but it is something ideally suitable for those of us who are acquainted with these familiar interfaces. 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.
To receive demo account access you need to fund your trading account and contact customer support to get an demo account credentials. There are no research tools offered which is a substantial drawback. There is no mention of any trading tools offered by the proprietary trading platform either.
Where withdrawal fees are concerned, Videforex charges a 5% transfer fee when Credit/Debit cards are used. When evaluating a broker, it is imperative to look at the fees which are charged. These often depend on numerous factors including the spread, commissions, and margin requirements. When evaluating brokers, the ease with which deposits and withdrawals forex 1 hour trading strategy can be made is another imperative factor to consider. If this information is correct, then we can deduce that the 100+ assets are comprised of currency pairs, stocks, and cryptocurrencies. That would leave out assets such as indices, commodities, and more.
There was definitely a learning curve to figure out where everything was and how to place orders efficiently. Videforex is an unregulated broker which offers extraordinarily little information on critical factors that traders must consider when evaluating brokers. Traders are urged to make use of regulated brokers when trading financial instruments as strict regulation and membership with reputable compensation schemes assures the safety of client funds.
