With Videforex, traders can access over 100 trading instruments across various markets, making it a versatile choice for both novice and experienced traders. The trading platform featured by VideForex is very simple yet sophisticated enough to competently trade CFDs and binary options on a variety of financial assets. The brokerage may not be licensed or regulated, but they have thus far proven to be a reliable and competent online trading broker. All in all, we would highly recommend VideForex to beginner and novice traders around the world. The one area where VideForex blows all other online trading brokerages out of the water is their high level of customer support. VideForex is one of the only online trading brokerages we know of who provide live video chat support.
- Plus, there’s a swap fee (0.07% face value of the position) for trades held overnight.
- The broker provides a user-friendly and innovative trading platform that features live video chat support 24/7.
- There is also no recourse or legal protection for traders in case of any disputes or problems with an offshore broker.
- I’ve been going around and around for months now with nothing to show for it!
- These markets allow clients to speculate on the price movements of different assets, such as currencies, stocks, indices, commodities, and cryptocurrencies.
- Videforex is a legitimate broker where traders can generate profits through the firm’s suite of trading products and services.
The broker provides a user-friendly and innovative trading platform that features live video chat support 24/7. The platform is available in web, Android, and iPhone versions. 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. However, Videforex is not regulated by any reputable authority, which raises some concerns about its credibility and safety.
In this review by tradingcritique.com, we’ll delve into VIDEFOREX and provide an overview of the company, its features, and operations to help you get started as a trader. Oddly enough, VideForex does not show bank wire transfer in the list of accepted withdrawal methods, but this could just be an oversight. The costs appear to be the same as how to calculate pips on forex above, with a 5% fee on credit card transfers, but we’d advise that you confirm this with a support agent. We did note two items within the user agreement that we felt were worth sharing. The first was that any international wire transfer withdrawal will be charged an upfront $50 transfer fee.
Additionally, whether it’s going long or short on puts and calls, the expiry of your option will greatly influence your trading strategy. In the next section, we will show you exactly how to trade options and CFDs on the Videforex platform. Furthermore, clients will notice that there is a timer on top of the chart. This timer is a countdown for options expiry times and is particularly useful when thinkmarkets broker review you’re anticipating a quick, profitable trade.
Videforex Trading Platform
Videforex was established in 2016 and is operated by INVOLVA CORP, located in the Marshall Islands. The broker is not registered with any financial authorisation or regulatory body. Compare Videforex with the top 3 similar brokers that accept traders from your location.
- VideForex’s mobile application functions the same way as its web-based platform.
- So when traders trade here, they can avail several perks and features.
- The entire process starts after opening the trading account, and traders need to set their trading platforms.
- However, upon asking about their commissions and profit share, the representative didn’t respond anymore.
- Professional traders tend to have complete requirements, which is way different from beginner traders.
- This effectively allows you to borrow money to strengthen your position.
However, the broker is not regulated by a reputable authority and therefore UK traders deposit at their own risk. Topics include account features, trading help and registration. Not every online broker offers this, making Videforex a good fit for those with limited time or changing schedules.
Can VideForex Web Trading Platform be used without EKYC?
For instance, there is an average spread of 1.5 pips, and an account fee of $1 for forex trading. For CFD trading, the spread is variable and based on market conditions. Videforex is an unregulated online broker located in the Marshall Islands, a location that is very popular among offshore brokers. If you are not familiar with the risks of using an unregulated online broker, you may want to check out GKFX or FP Markets instead. The free mobile terminal offers straightforward order management, plus direct deposits and withdrawals via APP. Investors can also use their browser-based login details to access the mobile platform.
Additional Features
When the traders avail the trading platform, they can seamlessly trade in their favorite tools without downloading additional software or apps. After using the platform, the expert traders recommend it for beginners as it is pretty quickly designed. Almost everything is simple here, and all the features here make trading seamless and easy for traders. The Videforex platform is also weaker than the industry standard.
Does Videforex Have An Inactivity Fee?
Hence, beginners should be aware of the fact that they will not be able to test the broker’s tools and features unless they commit real cash first. Only checking the platform could cost you money since cryptocurrency transfers will require you to cover the network fees. Similarly, if you choose Visa or Mastercard transfers instead, Videforex will charge you 5% for withdrawals/deposits as well. Options trading are available on VIDEFOREX in four asset types. Currency, commodities, cryptos, and stocks are all examples of this.
Videforex Review
Videforex will show a customer’s deposit as pending while it waits for confirmation from its payment system. Traders should check their funds are confirmed before entering mt5 indicators a transaction. If the service is temporarily unavailable, this could delay entering at the desired price.
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. Yes, the forex broker offers stock trading to the traders besides other currencies and assets. The terminal has a lot to offer which makes trading easy for traders.
The broker charges a commission of up to 2.5% for opening a cash crypto CFD position. Leveraged cryptocurrency positions will incur a maximum 5% commission fee. Plus, there’s a swap fee (0.07% face value of the position) for trades held overnight. An inactivity fee of $10 per month applies if clients do not complete at least one trade in this time.
The VIDEFOREX trading platform is designed to the objectives of investors and traders of all levels from across the globe. Nonetheless, this worldwide brokerage firm’s services are banned in the United States and a few Asian and European areas. For a brokerage that has been in operation for a while now, you’d expect the site to offer a lot more information.
This table will function as your portfolio and trading history. This contains details such as the asset traded, its strike price, expiry price, start time, expiry time, order size, payout, and whether it’s a call or put. To access the trading platform, clients simply need to log in to VideForex’s website using the email and password that they used upon signing up. Once you’ve logged in, you will notice that everything you need for trading will be on this web-based platform. With Videforex you can trade digital options and CFDs on one platform. According to the website and VideForex’s customer support representative, they do not charge any fees.
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 return options. Yes, VideForex offers spot metal trading features to the traders. The trading is accessible for traders who choose a Demo account. But still, the traders need to check the commission charges while opening an account here.