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VideForex is one of the most reputed online trading platforms offering traders access to an array of financial instruments, an intuitive interface, and user-friendly features. In our series of broker reviews, today we will test this broker through a detailed VideForex Review 2023.
One of the key features of VideForex is its user-friendly interface, which makes it easy for traders to navigate the platform and access the tools they need to make informed trading decisions.
The ultimate goal of presenting this detailed review is to answer common questions traders have regarding the broker and everything one needs to understand before getting started.
And we promise by the end of the VideForex Review 2023; you will get enough knowledge to determine whether or not the broker fits your trading style. But before getting into that, let’s cover some basic information about the trading platform.
What Is VideForex?
VideForex is a financial brokerage firm that offers trading services in CFDs and binary options on a range of underlying assets, including Forex, stocks, cryptocurrencies, and commodities markets.
The brokerage was launched in 2016 by INVOLVA CORP, a financial services firm registered in the Marshall Islands. Since its inception, the broker has managed to onboard 3K+ global clients and claims a trading volume surpassing $4 million, with a daily $450,000 payout to traders.
Now that you have understood a bit about this broker through detailed VideForex Review 2023, it’s time to move forward to check out its regulatory approval.
Is VideForex Legit?
Yes, VideForex broker can be considered a legit trading platform due to several reasons. First, it is operated by an established financial services firm registered in the Marshall Islands.
Second, the platform offers transparent operations, including transparent pricing and detailed information about its products, fees, and services. Third, the platform has active customer support available 24/7 via live chat, phone, and email, which shows a commitment to serving its clients.
While the broker is not regulated by any major financial regulatory authority, there have been no apparent VideForex scam-related complaints. The platform’s services seemed legit, considering its vast client base of over 3,000 active traders.
Based on our findings from VideForex Review 2023, we didn’t find any hard evidence pointing toward the platform being a scam.
Funds & Data Safety At VideForex
The safety of funds and data is a crucial aspect of any trading platform, and VideForex broker takes measures to ensure the protection of its client’s assets and personal information.
It also uses SSL encryption to protect all information transmitted between the platform and its clients, which includes sensitive data such as login credentials, personal information, and financial transactions.
In addition, the platform uses advanced firewall technology to safeguard its servers against unauthorized access and potential cyber-attacks.
The broker also offers segregated accounts for its clients, which means that client funds are kept separate from the broker’s operational funds. This ensures that client funds are protected in the event of the broker’s insolvency.
VideForex Markets, Products & Available Instruments
The platform offers 100+ underlying assets to trade under CFD & binary options. However, the available markets are limited to Forex, Commodities & Stocks; it leaves out the Cryptocurrencies & Indices market.
Anyway, the broker has the following instruments for trading:-
- Forex (Major, Minor & Exotic Currency Pairs Available)
- Commodities (Soft, Hard commodities & Precious Metals Available)
- Stocks (Facebook, Google & Netflix)
After evaluating the detailed VideForex Review 2023, we can safely conclude it to be a comprehensive CFD & binary options trading platform.
VideForex Fees, Spreads & Commissions
The info regarding the platform’s exact fees & commission charges is not listed on the website. However, after contacting customer support, we ascertained it to be a low-cost broker, offering tight spreads & low commissions.
The broker uses the market maker protocol, meaning all trade orders get processed through internal dealing desks. As a result, the spreads remain competitive & flexible, varying depending on the instrument you choose to trade with.
To find out the exact spread charges for any specific asset, switch to candles view on your web-based or mobile app. Additionally, there are commission charges that are as follows – 2.5% (Non-leverage Positions) & 5% (Leveraged Positions).
Hence, considering the competitive fee structure, we recommend trading with this broker.
VideForex Leverage & Margin Requirements
The website misses out on providing any information on Leverage and margin requirements. However, the customer support executives informed us the maximum leverage is anything between 1:100-1:200.
VideForex Accounts Specifications
There are three different retail investor accounts account available at Vide Forex: Bronze, Silver and Gold. These accounts have standard features, with each progressive tier unlocking extra benefits.
To make it more understandable, we have breakdown all the features offered by each account type.
Bronze Account
- The minimum deposit required for the account type is $250
- You get 24*7 customer support from the professional team
- Instant & Guaranteed Withdrawals in 1 Hour or less
- Access to Free Vide Forex Demo Account
- You can use Copy trading tool
- Welcome bonus upto 20% credited right after deposit
Silver Account
- Every feature offered in the Bronze account Plus
- The bonus increases to 50%
- You also get a Master class (web session) &
- First 3 Risk-free Trades
Gold Account
- Every feature offered in the Silver account Plus
- The bonus increases to 100%
- A dedicated Personal Success Manager
VideForex Demo Account
- Unlimited Validity
- Free Virtual Funds upto $5,000
- Unlimited Risk-free Trades
The findings from VideForex Review 2023 indicate the account types available with the broker are enough to cater to the need of both entry-level & professional traders.
How To Sign Up For Videforex Live Trading Account?
The platform’s account opening procedure is quick and hassle-free. However, activation may take up to 1 business day to process. Despite the straightforward account opening procedure, beginners may still need help getting started. For them, here’s a quick step-by-step guide:
- Visit the official website – videforex and tap on the ‘Sign Up’ icon.
- A new window will open with an application form. Fill in your details like name, country, and email.
- Select your base currency and Click on the ‘Next’ button.
- Your account will be activated in 1-2 business days. Upon activation, sign in through VideForex login credentials.
- Now, verify your account by uploading a scanned copy of government-issued identity documents and a Bank statement.
VideForex Deposit Conditions
There are plenty of options available for fund deposition at VideForex. While there is no fee for depositing funds in your account by the platform, your chosen payment partner may incur a specific fee. So, refer to the supported payment section for a detailed deposit procedure & transfer fees.
Available Deposit Options
- Credit Card (Visa, Mastercard) – 5% – Instant
- Bitcoin – 0 – Instant
- Ethereum – 0 – Instant
- Altcoins – 0 – Instant
How To Fund Your Live Trading Account?
To deposit in your Vide Forex trading account, follow the instructions:
- Click on the ‘Deposit’ icon available on the dashboard.
- Enter the amount and choose your payment method.
- Click on the ‘Confirm’ button to complete the transaction.
How Long Does It Take Funds To be Credited?
The platform claims to offer instant fund deposition that takes less than 1 hour to process. But in case your deposited money doesn’t show up for 1 or more days, we suggest contacting customer support.
What Are VideForex Minimum Deposit Requirements?
The minimum deposit required to start trading on the platform depends on your account type. For instance, it’s $250 for a Bronze account, $1,000 for Silver, and $3,000 for a Gold account.
VideForex Withdrawal Review
The broker is among the few ones that claim instant fund withdrawal. It offers guaranteed 1-hour processing times. Meanwhile, you can request withdrawals even during weekends without paying any transfer or third-party fees. ‘
Moving forward with VideForex Review 2023, you will be explained the detailed procedure and available payment options.
Available Withdrawal Options
- Credit/Debit Card
- Bitcoin
- Altcoins
- Ethereum
How To Withdraw Money From VideForex?
To withdraw money from your Vide Forex account, follow these steps:
- Click on the ‘Withdraw’ icon available on the dashboard.
- Enter the amount and choose your payment method.
- Click on the ‘Confirm’ button.
VideForex Withdrawal Time
The majority of withdrawals on the platform are processed instantly and the amount gets credited to your preferred source in an hour or even less than that. But if your withdrawal remains pending for one or more days, we suggest contacting customer support.
VideForex Minimum Withdrawal Limit
There is no minimum limit for requesting a withdrawal; you can withdraw as low as $1.
VideForex Withdrawal Fee
VideForex charges withdrawal fees for some of its payment methods. The exact amount of the withdrawal fee depends on the payment method used by the trader.
For example, if a trader uses a bank wire transfer, the withdrawal fee is $50. For credit and debit card withdrawals, the fee is 5% of the withdrawal amount, with a minimum fee of $10. And for cryptocurrency withdrawals, the fee is 1% of the withdrawal amount.
Specifications Of VideForex Trading Platforms
The broker’s available platforms include a dedicated mobile application and WebTrader. While it doesn’t support MT4 and MT5, the web-based & mobile app is enough to compensate for the loss.
Through this detailed VideForex Review 2023, we have tried to list all the specifications and features of available trading accounts.
Web-Based Platform
- Multiple trade execution modes
- Advanced & Interactive charting tools
- Access to trade history
VideForex App
- Multiple trade execution modes
- Live charts of every option
- Access to trade history
- Similar VideForex login credentials as the web-based platform
- Free download for iOS and Android
VideForex Bonus, Promotions & Ongoing Promotions
The Vide Forex broker offers a long list of generous ways to make money other than trading. There are sign-up bonuses, referral rewards and much more for both new and existing users.
Contest For New Users
New users will automatically enter the trading contest and stand a chance to win prize money of $20 000. Only 20 winners will be selected per week.
Sign-up Bonus
- Bronze Account – 25%
- Silver Account – 50%
- Gold Account – 100%
VideForex Referral
The broker offers a 20% commission for referring the platform to your contacts. In addition, the unique VideForex promo code is available in your profile.
Giveaway
- Win upto a 100% bonus &
- A stand chance to win more exciting prizes like Apple Watch, iPhone 12 Pro. iPad Pro and iMac.
VideForex Customer Service
The platform secures a 10/10 score in terms of offering helpful customer service. Meanwhile, the broker’s notable and unique feature will remain its live video chat support. The live chat is available in over 13 languages.
We had a good experience with the VideForex support team. As said earlier, we asked a few questions about the platform and the executives responded quickly and with satisfying answers. In case you want to contact Vide Forex customer support, here are the details:
- VideForex Email: support@Videforex com
- Videforex Customer Service Number: +18499370843
VideForex Review 2023: Pros & Cons
| Pros | Cons |
| Range Of Tradable Instruments Available | Unavailability Of MT4 & MT5 |
| 24×7 Dedicated Live Video Chat Support | |
| Generous Bonuses On Sign Up & Deposits | |
| Instant Withdrawals That Take Less than 1-hour | |
| Low Spreads & No Commission |
Conclusion – So, Should You Trade With VideForex?
Based on the findings from VideForex Review 2023, we conclude it is a complete broker. In addition, the services are beyond our expectations – the trade execution was fast enough that it processed trade orders in less than 0.2 seconds.
Additionally, there are a lot of trading assets, & fast withdrawal guarantee is something the industry has been waiting for long. We had a positive experience with the platform.
Overall, we recommend this platform not just to active traders but to entry-level traders who are searching for a reliable trade partner. So, free registrations are open; sign up now to avail the opportunity.
FAQs
How To Use Videforex?
The broker offers online trading services that allow traders to buy and sell various financial assets. To use the platform, you need to register for an account, deposit funds, choose an asset to trade, and place your trade order.
How Does Videforex Work?
Videforex works as an online trading platform that lets traders speculate on various financial instruments’ price movements, including Forex, stocks, commodities, and cryptocurrencies. The platform uses advanced trading technology, including a user-friendly interface, educational resources, and trading tools, to help traders make informed trading decisions.
What Are Vide Forex Withdrawals Conditions?
Account verification is required before requesting withdrawals. Meanwhile, the accounts with a bonus must reach 300% turnover from the deposited amount to claim profit withdrawal.
How To Delete Videforex Account?
Write an email to the customer support team with a valid reason. Upon approval from the team, your account will be deleted permanently.
Why Is Videforex Not Working?
If you are experiencing issues with the Videforex platform, it could be due to various reasons, such as internet connectivity problems, technical glitches, or maintenance work on the platform. You can contact their customer support team for assistance.
What Is Copy Trading On Videforex?
Copy trading is a feature that allows traders to copy the trades of other successful traders. It is a form of social trading that enables inexperienced traders to benefit from the expertise of more experienced traders.
What Is Videforex Copy Trades Review?
Videforex copy trades provide valuable insights into the success rate of other traders, their trading strategies, and overall performance.
What Is Videforex Withdrawal Policy?
Videforex withdrawal policy outlines the terms and conditions for withdrawing funds from your trading account. The policy includes information about the withdrawal methods, fees, processing times, and verification requirements.
How To Save A Videforex Chart?
To save a chart, you need to click on the “save” button on the chart and choose a name for your chart. The chart will be saved in your account, and you can access it at any time.
Does Videforex Have An App?
Yes, Videforex has a mobile app that you can download from the App Store or Google Play Store. The app allows you to access your trading account, place trades, and monitor your portfolio on the go.
Does Videforex Have A Demo Account?
Yes, Videforex offers a demo account that allows traders to practice trading without risking real money. The demo account comes with virtual funds that you can use to place trades and test the platform.
How To Open A Demo Account On Videforex?
To open a demo account on Videforex, you need to register for an account, select the demo account option, and follow the prompts to set up your demo account.
Videforex Vs Raceoption: Which Is Better?
The choice between Videforex and Raceoption depends on your personal preferences and trading style. Both platforms offer similar services, including trading on various assets, customer support, and educational resources.
Is Videforex Regulated?
Yes, Videforex is regulated by the International Financial Market Relations Regulation Center (IFMRRC). It is an independent regulatory body that oversees the activities of financial institutions to ensure they comply with the highest industry standards.
Iqcent Vs Videforex: Which Is The Best Forex Broker?
The choice between Iqcent and Videforex depends on your trading needs and preferences. Both platforms offer online trading services on various assets, including Forex, commodities, and cryptocurrencies.
What Is Videforex HFX?
VideForex HFX, or High-Frequency Trading, is a type of trading offered by VideForex that uses algorithmic trading strategies to execute a large number of trades in a short period of time.
HFX trading is often used by professional traders and institutional investors to take advantage of small price movements in the market.
What Is The Review Of VideForex?
The platform’s trade execution was fast enough to process trade orders in less than 0.2 seconds. Additionally, there are a lot of trading assets, & fast withdrawal guarantee is something the industry has been waiting for long.
How To Trade On VideForex?
To place your first trade order on the platform, follow these simple steps:
- Fund your account and sign in using the VideForex login details.
- Now, choose the CFD trading tab.
- Choose between BUY or SELL options, depending on your market predictions.
Can You Use Videforex In The USA?
No, the broker is restricted from operating and offering services on the USA territory.
Is Fee For Sign Up Or Account Maintenance On Vide Forex?
No, the registrations are free-of-cost and there are no hidden charges related to the account maintenance.
What Are Videforex Rollover Charges?
The broker charges a rollover fee, also known as overnight financing, for positions that are held open overnight. The fee is based on the interest rate differentials of the two currencies involved in the trade and can either be positive or negative, depending on the direction of the trade.
What Are Videforex Bonus Rules?
VideForex offers bonuses to its clients, which are subject to certain terms and conditions. The bonus amount can be used for trading purposes but cannot be withdrawn until a certain trading volume is reached. Clients are required to read and agree to the bonus terms and conditions before accepting any bonus offers.
Is Videforex Legal In USA?
No, the broker does not accept clients from the United States due to regulatory restrictions. Clients from other countries where the broker is allowed to operate can trade with VideForex.
How To Rollover On Videforex?
To rollover a position on VideForex, the trader needs to hold the position open past the daily cut-off time. The rollover fee will be automatically calculated and charged to the trader’s account.
How Long Does Videforex Take To Withdraw?
VideForex processes withdrawal requests within 24 hours, and the time it takes for the funds to reach the client’s account depends on the payment method used.
Does Videforex Have Rollover?
Yes, the broker charges a rollover fee for positions that are held open overnight.
What Does Total Turnover Mean In Videforex?
Total turnover refers to the total amount of money that has been traded by a client within a specific period, usually a month. The turnover is used to calculate the client’s trading volume, which is required to qualify for certain bonuses and promotions.
Is Videforex A Scam?
Based on our findings from VideForex Review 2023, we didn’t find any hard evidence pointing towards the platform being a scam. Meanwhile, the broker is regulated by the local jurisdictions it operates in.
How To Verify Videforex Account?
For VideForex account verification, the client needs to provide the necessary identification documents, such as a passport or driver’s license and proof of address. The verification process usually takes one business day.
Pocket Option Vs Videforex: Which Is Better?
Both Pocket Option and VideForex are reputable online brokers that offer similar services, such as trading in binary options and CFDs. The choice between the two depends on the trader’s preferences, such as trading platform, payment methods, and customer support.
Where Is Videforex Located?
VideForex is owned by Involva Corp, a financial services company based in the Marshall Islands. The broker does not have a physical office, and all transactions are conducted online.
What Are Videforex Reviews?
The broker has mixed reviews from its users, with some praising its trading platform and customer support, while others have complained about issues such as withdrawal delays and bonus terms and conditions.
What Is Videforex App Download Process?
The VideForex app can be downloaded from the broker’s website or from the app store of the user’s mobile device. The process is straightforward and can be completed within a few minutes.
What Is The Minimum Deposit For Videforex?
The minimum deposit for VideForex is $250, which is standard in the industry.
What Is Videforex Risk-Free Trades?
The broker offers Risk-Free Trades, which is a feature that provides traders with an opportunity to make a trade without risking their own funds. In case of a loss, the trader’s account will be credited with the same amount that was lost on the trade, which can be used for future trades.
What Is Double Up On Videforex?
Double Up is a feature that allows traders to double their investment on a particular trade when they believe the trade will be successful. This feature is available for both binary options and digital options.
Binarycent Vs Videforex: Which Is The Best Binary Options Broker?
When it comes to choosing between Binarycent and VideForex, it ultimately comes down to personal preference and individual trading needs. Both brokers offer a range of trading options and features, but each has its own advantages and disadvantages.