I‘ve sent this company dozens of requests and their excuse is they have a lot of requests and so on. Unfortunately, it’s not possible to leave a review here anymore because the company’s website has closed. TradingFinder.com assumes no responsibility for any potential losses or damages. Past results are no guarantee of future success, so make your financial and investment decisions with utmost care. No, VideForex does not accept traders from the United States due to legal restrictions. Key metrics such as account level, trade count, and profit ratios are displayed under the profile section.
- Companies on Trustpilot can’t offer incentives or pay to hide any reviews.
- This ensures that we accurately convey facts and events so that investors and traders can read our content with confidence and make informed choices.
- Only checking the platform could cost you money since cryptocurrency transfers will require you to cover the network fees.
- In addition, users can view their trading history, make deposits and withdrawals, and execute orders at the click of a button.
- Our review of Videforex was disappointed to see limited additional resources for traders.
Videforex Bonuses
There is no maintenance or registration charge when you sign up for an account. However, if you do not make at least one trade a month, you will be charged $10. The platform charges a swap fee of 0.07% of the face value of the position to hold a position overnight. The company behind the brokerage, Involva Corp, is registered in the Marshall Islands.
Trading Hours
Demo accounts are a great way to become familiar with the platform and to test trading strategies risk-free. VideForex is one of the first brokerage service providers in the industry to implement the video chat feature. Traders report having had a great time interacting with the broker through this feature. Videforex gets some things right like the platform is way slicker than other binary firms I’ve used (eg Capitalcore).
videforex.io
VideForex is a new brokerage company that offers Forex and CFDs alongside binary options and other products. The Scotland-based broker was launched in 2017 and is a subsidiary of the Financial Group Corp (FGC). While FGC owns the rights to the VideForex brand, the broker operates as a separate legal entity. Promo terms and conditions are available on the broker’s website.
This allows you to learn from experienced and successful traders, enabling you to copy the trades of high-earning investors. Trading on the platform is straightforward for both beginners and experienced investors. It has been engineered to retain usability while offering a variety of sophisticated tools and resources many day traders require. For example, in-depth investing tutorials can walk newbies through the platform. The company’s forgotten password process is straightforward and customers can follow their profiles on social media, such as Twitter and Instagram for live updates.
Should You Trade With Videforex?
Regulation is essential and is among the metrics that traders should use to gauge a given broker reputation. Most importantly, regulatory authorities help keep brokers in check and protect the interests of customers. Major indices provided by this broker include US DOW, S&P 500, Nasdaq, DAX, FTSE 100 UK, ISE and many others. The commodities available include Silver, Platinum, Oil, Sugar, and Coffee.
Our beginner-friendly tutorial also explains how to place a trade on the Videforex platform. 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. Finally, this broker offers binary options trading, which is a rare feature videforex.io compared to other forex brokers. On the other hand, the choice of only 100 assets is not so broad – with some brokers like Monfex offering more than 200, including major currency pairs, stocks, crypto, and others.
Company details
I’ve been going around and around for months now with nothing to show for it! I’ll be suing because I want my money and will not accept anything less. Another perk is the Rollover tool which lets traders increase positions up to 100% of the selected timeframe on the first use. 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. Offering incentives for reviews or asking for them selectively can bias the TrustScore, which goes against our guidelines.
- “Trading Finder,” with its experience, aids traders and investors in gaining a correct understanding and deep learning.
- One of the best features for novices is the Copy Trading tool, which you can use to copy master traders.
- Videforex claims to provide a user-friendly and innovative trading platform, as well as various tools, education, and account types to suit different trading styles and preferences.
- Our experts also factor in their hands-on testing experience into broker ratings.
- Essentially, you open an account and deposit your money on the web-based platform, then you can choose whose trades to copy.
Recognizing the fact that there are different traders with different levels of trading skills, Videforex has provided a selection of 3 different types of trading accounts. For beginner traders who are just starting out, there is the Bronze account. This account only requires a minimum deposit of $250 to open and comes with a 20% deposit bonus.
Videforex launched in 2017 with its headquarters based in the Marshall Islands. The company that owns the brokerage is also the owner of other well-known brands, such as Binarymate. More than 5,000 customers have signed up for an account since the brokerage started and withdrawal requests are processed in just 30 minutes. I think Videforex offers several handy features that enhance my trading experience. The ability to see all my trades in one place is great for tracking results. However, the interface can be a bit confusing, and I often found myself navigating more than I’d prefer.