VideForex also has native trading apps that are available for free on Play Store and App Store. If simplicity is your thing, we believe that you’ll love VideForex’s trading platform. Newbies will have a wonderful time interacting with this trading platform. WikiFX made a comprehension review on this broker to help you better understand the truth, we will analyze the reliability of this broker from specific information, regulation, exposure, etc. Online trading involves significant risk, and you may lose all of your invested capital.

It is no longer easy for a company to set up an FX/CFD brokerage and hope for the best, as traders have now become more vigilant and proactive while choosing a trading partner. 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. VideForex has very strong company fundamentals, which ensures that traders can depend on the company for the long term, provided the broker gets its act together to redesign its website to provide accurate information. The minimum investment per trade is $1, but interestingly, the broker specifies a maximum investment limit per trade. We believe that VideForex may be depending on its binary options model for Forex and CFD trading, which should explain the rather strange trading conditions. The absence of ECN or STP protocols for direct market access also makes it difficult for serious investors to trade the market for competitive spreads, excellent liquidity, and no conflict of interest.

But that's all in the past now when i contacted grand recovery immediately they responded and explained all the benefits i will be getting. I hope it will help someone out there who is already frustrated by this unprofessional attitude. You can trade with more than 100 tradable assets as they mention on their website, however, they do not mention what are these assets exactly, the only statement is CFD and Forex trading.

I left a review on their last trustpilot and will leave one here as well. Requested a withdrawal 4 months ago and am still getting the run around. They can't give an ETA on when my money will be sent to me, and I'm supposedly in a queue but they can't tell me what position I'm in. Been waiting on a withdrawal since June 2022 I have over 6k sat in an account and they keep rejecting all my withdrawals claiming I’m in a queue and they can’t tell me when il receive the money. I would highly recommend to stay away from this company as they will not release your funds.

This can be useful, but it is essential to discern what the conditions are in order to benefit from the bonus. VideForex is not a regulated entity, unlike the advertisements made on their website. Several local laws and regulations in countries such as the USA, parts of Asia, and EU member nations may prevent VideForex from operating in these areas. Therefore, there are a few regulatory concerns and hurdles while trading with VideForex. During our VideForex review, we found out that the brokerage provider is not well-regulated.

Don't miss out on great trading opportunities

VideForex may need to pay close attention to their peers, as currently, a demo account is only offered for verified account holders who make a deposit. In the Forex and CFD market, a free demo account is readily available at almost all mainstream brokers, without having to make any deposit, which really makes life difficult for VideForex clients. We would prefer the company altering its strategy a bit to develop VideForex as a standalone product, rather than following a template that was established for its binary options web properties. Regardless, VideForex does have a demo account option, and traders can withdraw their money from the broker if they are not impressed with the broker’s products, platforms, or services.

One of the most important decisions you can make as a trader is to choose a reputable trading brokerage that’s right for you. While there are numerous viable online trading brokerages out there to choose from, it can still be difficult knowing which one is right for you. We understand the struggle and importance of choosing the right trading brokerage, which is why we have compiled numerous in-depth reviews of viable online trading brokerages. See below, our in-depth review of the VideForex online trading brokerage and decide if they’re the right broker for you. VideForex offers three types of trading accounts namely Bronze, Silver, and Gold.

VideForex is one of the only online trading brokerages we know of who provide live video chat support. 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.

Does Videforex offer leverage?

According to the Videforex website, there are a number of bonuses and promotions. For instance, should there be a 1% margin requirement on a position of $1,000,000, the trader must cover a margin requirement amount of $10,000. The margin requirement must be equal to or more than 100% for the position to be opened. 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. Finding a reputable Videforex review local or worldwide can be a difficult process, especially finding a complete list from a trustworthy reputable source.

• The broker adopts secure payment channels for the best in funds safety and holds all clients’ money in top European bank accounts.
• To open trading accounts with VideForex, customers are required to deposit $250.
• VideForex is not a regulated entity, unlike the advertisements made on their website.
• They can't give an ETA on when my money will be sent to me, and I'm supposedly in a queue but they can't tell me what position I'm in.
• VideForex welcomes you with a live chat feature and an actual customer service representative, who goes on to explain the website’s products and services through an interactive video chat interface.

Before deciding to trade with Videforex, potential traders are advised to carefully consider their investment objectives, financial situation, needs, and level of experience before investing money they cannot afford to lose. The Videforex ‘Contact’ section offers the option of completing an online contact request. There are also numerous telephone numbers for assistance in various jurisdictions. Leverage is a tool that allows the trader to open larger positions in addition to providing the trader with larger exposure to the market in which they are trading regardless of the trader’s initial deposit.

From the look of things, VideForex appears not to have any regulatory oversight. While the broker might be a credible trading platform, they are closely run by other offshore brokers making them unreliable. For this reasons, we recommend that you take extra precaution when opening an account with them. The broker offers over 60 currency pairs to include Majors and minors and also popular cryptocurrencies. With VideForex, traders can also access major stocks across the globe including IBM, Coca-Cola, Microsoft, Facebook, Alibaba, and many others. Traders who use Visa/MasterCard methods need to pay a 5% transfer fee, while no fees charged for other methods.

VideForex Account Packages

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. Customers can choose to access VideForex’s web-based platform via their Android and iPhone devices. Similarly, the platform is compatible with tablets and iPads.

Until the money is paid out then I'll probably wait another 1 year if it is paid out at all. One thing we noted about the broker is that they charge a specific commission to traders who choose to open unleveraged digital currency CFD positions. You can make a deposit at any time, but withdrawal is not possible! Thank goodness I have been able to get my money back from them. If you need help getting your money back from them, contact aramezglobal.com.

HUGE SCAM COMPANY. STAY AWAY.

VideForex is transparent about its registration details and company information, thereby allowing us to have confidence in the company for offering an excellent quality financial product. VideForex has several attributes that point to its history in binary options trading. The confusing information provided on its website also points to the bewildering fact that the company has yet to make a complete switch to the FX/CFD market. VideForex finds it hard to differentiate between its binary options services and Forex/CFD products, which is why we have compiled an extensive VideForex broker review for assessing the company’s services.

Brokers who are Market Makers, or who offer fixed spreads, often offer commission-free trading. A Forex account is a trading account that traders hold with a specific broker with the purpose of trading financial instruments. videforex rewards traders who are dedicated to their brand by allowing them to participate in weekly contests where prize funds of $20,000 are awarded every week. 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.

People who write reviews have ownership to edit or delete them at any time, and they’ll be displayed as long as an account is active. Claim your profile to access Trustpilot’s free business tools and connect with customers. They will never let you withdraw your funds, coming up with excuses after excuses not to let you withdraw your money. This company is a scam company they stole my money I couldn’t get any money out of my wallet they control everything and make it seem like it’s legitimate it’s not they are scammers and thieves. I was able to get my money back through BROAD0AK-CAPITAL .COM they saved my financial life. VIDEFOREX is a Marshall Islands-registered Forex and CFD trading broker and is not currently subject to any effective regulation.

VideForex operates as a Forex and CFD brokerage under Vide Projects Ltd., a division of the Financial Group Corp., with its corporate office located in Seychelles. The Financial Group Corp. (FGC) is a company located in Vanuatu, which has numerous similar projects operating from Vanuatu, Seychelles, and Scotland, and has built up a substantial presence in the online financial markets. VideForex launched its services in 2017 but is still in the process of refining its products to better align with the global standards adopted by leading service providers in the market.

• While the broker might be a credible trading platform, they are closely run by other offshore brokers making them unreliable.
• VideForex faces various challenges in the highly competitive industry, where traders have access to some of the best brokerages and service providers to trade Forex and CFD products.
• The bonus for Bronze account starts from 20%, while the Gold account offers a maximum of 100% bonus on the deposit amount, subject to some maximum bonus limits.
• The use of VideForex platform does not induce much confidence, as the platform is a proprietary interface that offers both binary options and FX/CFD products through a Web Trader.

Traders are issued with top trading tools, personal account managers, and advanced market analysis. 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. VIDEFOREX claims to offer different bonuses for different account types.

The deposit can be withdrawn if the trader wishes to close the account if they are not satisfied. There is no indication that https://traderoom.info/ offers the option for a demo account. The Homepage features a Live chat which offers the option for a group or a private chat but when selecting the option, it merely redirects to the option to open an account. A margin requirement is the amount of capital that the trader has to put down at the start of the trade, or that they have to have available in their trading account, as collateral for the trade. This amount is often lowered substantially when leverage is applied.