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I have been using Videforex platform…

Keep in mind though, Videforex is unregulated, and we always recommend caution before trading with unlicensed providers. VideForex offers fixed spreads with the average for the EUR/USD pair currently standing at two pips. Financial brokerage RoboForex is recognised by the most respected experts of the financial industry. It goes against our guidelines to offer incentives for reviews.

Different Features by Account Type

Alternatively, you could check out a broker with expansive educational and research sections, such as FXFlat. Systematic investment plans offer a systematic approach to investing that allows individuals to invest a fixed amount of money in their preferred investment instruments on a regular basis. SIPs have several benefits including steady investment, versatility, the possibility of dollar-cost averaging, and the opportunity to start with small amounts of money. All transactions are counted for a trading contest, regardless of the outcome, and the minimum trade amount should be $10.

Customer Support

The bonus amount is determined by the amount you deposit initially. The lack of information on the VideForex is a bit concerning. For a brokerage that has been in operation for a while now, you’d expect the site to offer a lot more information. Obviously, lack of information doesn’t mean that there is a VideForex scam going on. We’d just prefer to see key details presented front and center. VideForex is an offshore FX broker that has been in operation since 2017.

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.

To assist in their trading endeavors, brokers offer traders a variety of trading tools that can be used to refine their trading. Education refers to all the learning material and tools offered by brokers which is imperative for traders in their trading activities, especially beginners. It provides traders with the necessary knowledge that they will need to become successful traders.

You may always utilize the web-based platform, which is equally mobile-friendly if you would not want to install any apps. In addition to bonuses, VideForex offers a weekly trading contest that offers a total prize fund of $20,000 which is distributed among 20 total winners. It appears that at least some of the prizes are offered in the form of bonus funds, starting with the participant who comes in 6th place. Positions 1 to 5 are said to have been awarded cash prizes (an iPhone 10 went to the 5th place winner).

Movements in the price of foreign exchange and commodities are very unpredictable, hence Videforex cannot guarantee a maximum loss that a trader may suffer. There is a banner on the homepage which claims regulation, but there is no regulation indicated on the website. 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. No, Videforex is not regulated by any authority, and is located in the Marshall Islands, a popular destination for offshore brokers due to weak regulatory supervision. This feature is excellent for new investors or people who prefer a passive investment style. When copying the trade of a master trader, the copy-trader must pay a commission to them.

I must mention the timely withdrawals that Videforex ensures. I highly recommend giving Videforex a try to experience these benefits firsthand. Honestly VIDEFOREX is The Best platform I work with when it comes to trading options.

Platform is beautiful and easy to use with a casino feel and deposits are easy to make. Problem is price always feels manipulated and spike outs happen often. Also if you try to withdraw your money you will eventually get contacted by a account manager who will tell you she is declining the withdraw and forcing you to take another bonus. This is a market maker broker who is not regulated, there goal is for you to loose and they do a great job of drawing you in then sucking you dry. 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.

  1. Traders report having had a great time interacting with the broker through this feature.
  2. Videforex is an online broker specialising in forex, CFD, and options trading.
  3. VideForex doesn’t support non of the most used platform in the forex industry which includes MT4 and MT5 which are the most popular platforms in the forex and CFDs markets.
  4. Compare the markets and instruments offered by Videforex and its competitors.

I’ve tried my fair share of trading platforms, but this one is the real deal. No more banging your head against the wall waiting for answers.The interface? They’ve got it laid out so even your grandma could figure it out. Cash withdrawals are faster than you can say ‘show me the money.’Oh, and if you’re into some friendly competition, their trading contests are where it’s at.

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. Videforex offers binary options and leveraged CFDs on major, minor and exotic currency pairs, a dozen cryptos including Bitcoin, plus commodities like gold.

And this amount, in comparison with the average of the market, is quite high as we can see in other brokers the minimum deposit amount is $100 or even less. For example, Olive Markets only ask $100 for the initial deposit. So I consider the videforex minimum deposit at a medium level. In summary, Videforex offers a variety of account types to suit different trading styles and preferences.