The sleek system makes selecting your financial instrument a hassle-free process. You can get to your choice of currency pairs, commodities, and indices with just a few clicks. Plus, you have access to cryptocurrency pairings and fixed transitioning from java to javascript return options.
But to get a decent welcome bonus you really need at least a Silver account which needs a $1000 deposit and more than I could afford. The platform itself is super easy to use, even for beginners like me. Not every online broker offers this, making Videforex a good fit for those with limited time or changing schedules. 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. By clicking on the pages icon on the right, users can copy traders by simply specifying the size of the investment.
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.
Leverage available
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. 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.
- There are more than 100 financial instruments spread across a variety of asset classes that can be traded through the proprietary Videforex trading platform offered.
- Positions 1 to 5 are said to have been awarded cash prizes (an iPhone 10 went to the 5th place winner).
- 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.
- This makes Videforex a strong contender for newbie day traders or those that want live support a few clicks away.
Spreads & Commission
Forex trading, or currency or FX trading, involves the currency exchange market where individuals, companies, and financial institutions exchange currencies for one another at floating rates. Traders also get a chance to use unique tools that increase their chances of winning a trade. Furthermore, the clients of Videforex can participate in the competition and win huge rewards. As you can see, the higher you invest, the better features you get. But if you are a beginner, you must stop yourself from depositing high initial amounts by choosing the Bronze account.
Bonuses
In particular, there are very few technical features that are common on competitor platforms, such as charting tools and indicators. Videforex has tempting weekly contests, promo codes, a bespoke trading platform, plus live video support. In addition, with several online trading accounts, straightforward setup and use, this broker is an attractive proposition for both beginners and experienced investors. The broker’s binary options offer payouts of between 20% (cryptos) and 98% (OTC currency pairs).
Spreads & Commissions
Videforex offers its own moneyball proprietary platform for trading binary options and CFDs. Traders can earn up to 98% payouts speculating on the price direction of 100+ assets. This 2024 review of Videforex unpacks the broker’s accounts, fees, promo codes, and mobile app.
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. It will take liquidity and external markets for the underlying financial instrument into account. There is no indication that Videforex offers the option for a demo account.
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. Movements in the price of foreign exchange and commodities are very unpredictable, hence Videforex cannot guarantee a maximum loss that a trader may suffer. The Videforex ‘Contact’ section offers the option of completing an online contact request. There are also numerous telephone numbers for assistance in various jurisdictions.
A Forex account is a trading account that traders hold with a specific broker with the purpose of trading financial instruments. Videforex has an easy-to-understand interface, which is suitable for novice traders. This trading broker has a simple vantagefx forex broker review interface, including all the elements that traders require for properly trading binary options and CFDs. Demo accounts are a great way to become familiar with the platform and to test trading strategies risk-free. The lack of regulation poses a significant risk for traders who choose to trade with Videforex.
The platform keeps things very simple and features everything a trader needs to competently trade CFDs and binary options. The platform comes complete with a basic charting package where traders can conduct basic technical analysis with a few key technical indicators, time frames, and chart types. 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. The last account type, i.e., the Gold account, is for professional traders who want to build a significant career in binary options trading.
Similarly, if a broker charges high, it might sting your profits. Traders pay the brokerage or commission charge for selling or purchasing an asset. As Videforex is a trusted platform, it charges a small convenient commission fee. You can consider this charge a fee you pay for trading through the platform. You can always use the web-based service if you do not find the mobile app Videforex trading comfortable. The better customer care service of Videforex distinguishes it from other trading brokers that do not have this effective service.
