As always, there are terms and conditions surrounding bonuses, so please be sure to read through those completely prior to accepting a deposit bonus on your account. There is a 5% transfer fee charged on all credit card deposits, where the is no charge on any other deposit method. A deposit request via credit, debit card or via e-wallet will be processed within 3 hours. It can take Videforex up to 3 business days to process incoming bank wire transfers and to verify that the funds have been received. The unique features offered may offset the risk of limited regulatory oversight. Traders can speculate on crypto prices in pairs with USD and CNY through binary options and CFDs.
- The platform features regular CFD and options trading, direct deposit and withdrawal via the app, and a 60-second trading option.
- VideForex offers three types of trading accounts namely Bronze, Silver, and Gold.
- On the downside, more advanced traders may find the single platform and the low number of assets available limiting.
How To Trade
It very well could be that these two amounts are linked to the Silver and Gold accounts, respectively, but we were not able to confirm this. 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. Furthermore, there is no way to verify the legitimacy, credibility, or reputation of the broker. Videforex is a legitimate broker where traders can generate profits through the firm’s suite of trading products and services.
Videforex vs Other Brokers
This 2025 review of Videforex unpacks the broker’s accounts, fees, promo codes, and mobile app. Our beginner-friendly tutorial also explains how to place a trade on the Videforex platform. Videforex has a straightforward platform and quick sign-up process that will appeal to new swing traders.
Sensibull Review
Yes, their support is available 24/7 and you can contact them via live video chat, phone call and Faq. 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.
Platforms & Tools
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. Videforex gets some things right like the platform is way slicker than other binary firms I’ve used (eg Capitalcore).
- Before deciding to trade in any kind of financial market or financial instruments, you should carefully consider your investment objectives.
- Use the “Add Funds” and “Withdraw” options to transfer funds in and out of your trading account.
- On the contrary, some of the other FGC entities have branches in the UK and other EU nations, which means that there is a reason to trust the broker for offering a legitimate brokerage service.
- There is no guarantee that the broker will honor its obligations, process withdrawals, or safeguard client funds.
- Each remarkable trader can earn up to $5000 in prize money for beating the competition, and the prizes are handed out every week.
- 20 skilled traders receive cash prizes, electronics, tickets, and more from the $20,000 prize fund every week.
However, they also offer a bunch of other products including CFDs, stocks, ETFs, videforex and market indices. As mentioned above, VideForex does not offer the fancy Metatrader4 and Metatrader5 trading platforms provided by most brokers in the industry. Unlike other brokers that offer Metatrader4, Metatrader5, and extra trading platforms, VideForex does not provide any of these. VideForex is a new brokerage company that offers Forex and CFDs alongside binary options and other products.
In conclusion, Videforex is an online broker that offers forex and binary options trading on a variety of markets, such as currencies, stocks, indices, commodities, and cryptocurrencies. The broker provides a user-friendly and innovative trading platform that features live video chat support 24/7. Videforex also offers various tools, education, and account types to suit different trading styles and preferences. The broker claims to provide fast and secure funding and withdrawal methods, as well as guaranteed withdrawal processing within one hour.
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. If this information is correct, then we can deduce that the 100+ assets are comprised of currency pairs, stocks, and cryptocurrencies.
The first was that any international wire transfer withdrawal will be charged an upfront $50 transfer fee. Most brokers have this requirement set in lots (or micro lots), so the answer was surprising, but not alarming. A requirement of a $1 investment is very reasonable and no cause for concern.
Is Videforex Legal In The USA?
On tradable assets, VideForex customers have access to over 160 assets. We did find VideForex’s trading platform pretty impressive and unique. In addition to supporting mobile trading, the platform is simple and comes with many features. New clients are asked to submit an initial deposit in the amount of $250. We’re assuming that this will provide one with the lowest account tier, which is Bronze. We noted in this VideForex review that the firm mentions two other deposit amounts, $1,000 and $3,000, in relation to increased deposit bonuses.