Everything you need to know about Video Forex Broker
VideForex Review & Summary
VideForex is yet another online trading brokerage to choose from for those interested in binary options trading and Contract For Difference (CFDs). The VideForex app was created in 2017 in a country called Seychelles. While its headquarters are located there, members have the ability to conduct international trades. The platform has been translated into several languages, including English, Dutch, Russian, French, Thai, and Spanish. Despite global trading capabilities, the platform is not available to those located in the United States, Asia, or parts of Europe.
For those who do have accessibility to VideForex, we will provide you with an unbiased VideForex Review.At the time of this article, VideForex has 5,077 open accounts and has paid out $332,276 to its members. There is an ongoing trade volume of $4,769,635. After reviewing some other sources which have reviewed VideoForex, it appears the stats I listed above have increased, so it is safe to presume they will continue to grow.
VideForex Fees
As we stated, there is a $250 deposit minimum required to activate your account. While this seems high, it is a pretty standard amount in the industry, but there are other platforms, such as IQ Option, if you’d like to start lower. Other than the deposit of funds, additional fees are minimal compared to other platforms as there are no maintenance or registration fees associated with VideForex.
The only other costs are the trading fees, which are a part of every platform, so this isn’t exclusive to VideForex. If you’re making a large number of trades each day, then those fees will likely add up, especially on platforms that don’t disclose their fee rates. One of the reasons we like VideForex is because they are transparent about their trading fees, meaning nothing will come as a surprise. The swap fee for VideForex is .07% of the face value. Although this trading fee does exist, VideForex often runs promotions where they’ll offer codes to eliminate the trading fee, so keep an eye out for those opportunities.
VideForex Login & Account Opening
To set up an account, you’ll head over to VideForex’s sign up page and open a free account. This page will ask you a series of questions that will help you customize the platform to your trading preferences and make the withdrawal process more straightforward in the future. Towards the end of your account creation, you’ll have to fund your account with at least $250, depending on the account option you choose, and then you’ll be presented with the option to start practicing on your VideForex demo account.
As always, we highly recommend taking advantage of this offer; why not? It’s a part of your account and can only benefit you. We could not find information on how long you will have access to the VideForex demo account. However, the lack of information leads us to believe this is something you’ll have access to indefinitely. (We will update this if more information comes to the surface!)
After you’ve started your VideForex demo account and eventually transition into your VideForex Live account, you’ll probably want to keep track of your trades frequently. While there is no software to download because the platform is web-based, there is a mobile application. The VideForex app allows for CFD and options trading and VideForex withdrawal and deposits. The app will give you an overview of your portfolio and account.
There are various benefits associated with the VideForex app. The VideForex app provides you with live charts and options so that you can execute trades anywhere and instantly. The VideForex app is free to download and has the same login credentials as the website, making it user-friendly. You’ll also have the ability to view your entire trading history. These core features are excellent resources to take trading with you wherever you go and make the most out of your trading abilities.
Deposit & Withdrawal
Like other platforms we have reviewed, traders are offered three types of accounts: bronze, silver, or gold. The Bronze account is the base account that provides members with 24/7 support, a demo account, a 20%+ bonus, speedy withdrawals, and a copy trading tool; this account requires a minimum $250 deposit. The silver account, which requires a minimum $1,000 deposit, contains all of the Bronze account features and includes seminars to enhance trading strategies, a 50%+ bonus instead of 20%+, and three risk-free trades at the start of the account.
These risk-free trades can really help those who have some anxiety or fear surrounding trading. The third account type, Gold, includes features found in the Bronze and Silver accounts, but the bonus percentage is 100%, and there is a $3,000 minimum deposit requirement. Essentially, the difference between the accounts boils down to the more that you initially invest, the more chance you will have at earnings.
VideForex Trading Platform Overview
The overall platform appears user friendly. If you head over to VideForex’s homepage, you’ll see screenshots of their platform, including easy to find buy and sell buttons and easy to read charts and statistics. For those of you who are new to the trading industry, it doesn’t get more user-friendly than this. Some of the more advanced platforms can appear cluttered, and it can be challenging to find the buttons for simple executions. With VideForex, we genuinely believe it is the most user-friendly platform given its layout and features.
The overall platform appears user friendly. If you head over to VideForex’s homepage, you’ll see screenshots of their platform, including easy to find buy and sell buttons and easy to read charts and statistics. For those of you who are new to the trading industry, it doesn’t get more user-friendly than this. Some of the more advanced platforms can appear cluttered, and it can be challenging to find the buttons for simple executions. With VideForex, we genuinely believe it is the most user-friendly platform given its layout and features.
While the platform is used for binary options and CFDs, there are a multitude of trading options within both of those categories. Available CFDs include stocks, currencies, commodities, and indices. Despite not being available for people located in the US, Asia, and parts of Europe, currencies from these nations are available for currency trading. We covered currency trading more in-depth in our Forex Trading article, so head over there to learn more about that. The stocks and commodities available are also common and familiar. Within the platform, you’ll find options to invest in companies such as IBM or Coca Cola. The commodities included are some of the world’s top commodities, such as coffee, oil, and sugar. Basically, the trading assets available within this platform are known and not made-up companies that you’re not familiar with.
As with all trading platforms, if you search VideForex reviews online, you’ll likely get mixed results. This is the nature of the trading industry. When people lose money, they obviously aren’t happy and will blame the platform. Losing money is a risk involved with trading and the investment market; if you aren’t willing or okay with losing any money, then investments and trades are not a good idea for you. When looking at different platforms and trading options, it’s essential to keep these points in mind because there are bad reviews on every single trading platform available, but does that mean they’re inherently untrustworthy?
To wrap everything up, the VideForex trading platform appears reputable despite its lack of regulation. The options and ease of the platform make it an appealing choice for novice traders. We recommend this platform to those of you who have never traded before or those of you who have traded but still feel like a beginner. As with all of our other reviews, we always encourage you to thoroughly research any platform you are considering so that you can be well-informed. We recommend reviewing multiple sources of information, not just ours. Happy trading
