One aspect that makes Videforex stand out from the crowd is customer support. It is one of the very few brokers that provide 24/5 live video chat. Apart from this, you can also request a callback or contact customer support via mobile phone. 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.

We will also provide our verdict on whether Videforex is a scam or a legit broker to trade with. Videforex is an online broker that provides access to various markets through binary options and CFDs. The broker has a proprietary web-based platform that features live video chat support and copy trading.

Our beginner-friendly tutorial also explains how to place a trade on the Videforex platform. On the in-house trading platform, traders can choose from more than 100 instruments, ranging from forex trading to binary options. Other assets include commodities, stocks, and cryptocurrencies. The web platform comes with a simple interface, which may be a huge deterrent for veteran traders looking for advanced tools and features.

Irrespective of the trading options, VideForex is likely to offer advanced trading platforms, including Web, Android, and iPhone. Different account types align with varying needs for traders, so they need to explore all the accounts before making any trading decision. When it comes to trading with CFD and other options, the broker offers an advanced VideForex trading platform. 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.

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. The last account type, i.e., the Gold account, is for professional traders who want to build a significant career in binary options trading. So, if you are serious about trading, you must choose this account by paying a minimum initial deposit of $3000. Videforex offers clients its proprietary web trading platform. No download is required as trading is available via all major web browsers.

Trading Strategies on Videforex

No, traders cannot trade in shares using the VideForex trading platform. Some of the trading features available include educational programs, order placements, and others. So when traders trade here, they can avail several perks and features. The traders can explore all the trading features before selecting the account. Firstly, the traders need to open a trading account with the traders.

The platform itself is super easy to use, even for beginners like me. Yes, but you need to make a deposit first and contact customer support to get your demo account credentials. This effectively allows you to borrow money to strengthen your position. Importantly, it can significantly increase your profit potential. Clients can also select the ‘Live Trades’ tab in the left-hand side of the platform to view the top traders for a particular asset.

Videforex review and test for traders: Is it a scam or not?

Therefore, it is important to weigh the pros and cons of trading with Videforex before making a decision. Additionally, there are other brokers with longer track records that might be worth considering as alternative options. For more choices, we recommend you to check out our trading broker reviews. Videforex is an online broker that offers forex and binary options trading on a variety of assets, such as currencies, stocks, indices, commodities, and cryptocurrencies.

VIDEFOREX does not provide any educational resources, except a two-video embedded video on the site. Traders who participate in the offer have a chance to win a variety of gadgets that make trading easier. The most prevalent gadgets are tablets, PCs, telephones, & smartwatches.

When it comes to withdrawal, traders can use all the major payments methods mentioned above. VideForex imposes a fee of up to $50 for all bank wire transfers. However, we were surprised to find out that the broker has gone above and beyond to make their web-based trading platform mobile-friendly. Traders can easily access VideForex’s web-based platform even when on the go. From the look of things, VideForex appears not to have any regulatory oversight.

  • Videforex is a remarkable trading platform that comes with a user-friendly interface.
  • Therefore, it is important to weigh the pros and cons of trading with Videforex before making a decision.
  • Videforex was established in 2016 and is operated by INVOLVA CORP, located in the Marshall Islands.
  • Traders also get a chance to use unique tools that increase their chances of winning a trade.

VideForex Trading Platform

Upon creating an account, VideForex will welcome you with a promo code that you can use to get three to five risk-free trades. However, not all promo codes entitle clients to the same bonus. They usually expire after 45 minutes or an hour, depending on the time limit given to you.

What’s better is that you can trade through different trading platforms. One impressive thing about using this trading broker is its wide outreach. Besides the USA, Videforex offers its amazing trading services to traders worldwide. If you are searching nfp trading for a reliable broker that offers the best trading service, you must choose Videforex. It’s an excellent choice for traders from all around the world.

  • All the reports have something unique to offer, so traders need to explore all of them.
  • VideForex does however offer their services in multiple languages including English, Russian, Spanish, French, Dutch, and Thai languages.
  • For forex, you can expect to find the seven major currency pairs along with minor and exotic pairs.
  • See below, our in-depth review of the VideForex online trading brokerage and decide if they’re the right broker for you.
  • The free mobile terminal offers straightforward order management, plus direct deposits and withdrawals via APP.
  • The broker seems to specialize in Forex and binary options primarily.

Risk disclosure:

Both beginners and experienced traders can thinkmarkets broker review compete, as all accounts automatically participate. Videforex requires a starting deposit of $250 for new trading accounts. They also give up to a 20% to 200% deposit bonus on any first deposit and account. For those who are new to trading or prefer a hands-off approach, Videforex offers a Copy Trading feature.

The trading platform is not only simple but also sophisticated. Furthermore, traders also need to consider the trading medium, which can lead to some deduction. Additionally, they don’t need to pay any additional trading fees. Some of the basic parameters include minimum balance, charges, basic requirements, and others. One of the most vital decisions traders can ever make is to choose a reputable trader.

How to trade with Videforex: Trading tutorial

Trading Brokers Trading Brokers is dedicated to bringing you unbiased broker reviews, the latest broker news and trading guides to help you along your trading journey. We have over 20 years of experience when it comes to trading online so we know what to look for. To initiate transactions, log in to your Videforex account and visit the “Cashier” section. Here, select your preferred payment method and follow the on-screen instructions. Processing times may vary depending on the method and network involved.

Opt for leveraged CFD cryptocurrency positions, and the fee can climb to 5%. Breakout trading involves how to day trade for a living bryan lee entering a trade when the price of an asset breaks through a significant support or resistance level. This strategy aims to capture large price movements that occur after the breakout. Technical indicators like Bollinger Bands and volume analysis can help identify potential breakouts.

Ensure that you choose an account currency that aligns with the currency you will be depositing to trade. After completing the form, read and agree to the Terms & Conditions, and then submit the form by clicking the “Next” button. The trading tips help traders improve their trading experience.