However, as a customer, it is your responsibility to follow the taxes requirements in your jurisdiction. You can fund your account by credit cards (VISA/MasterCard), Bank wire transfer, Bitcoin, Ethereum, Litecoin, Altcoins, Neteller, Skrill, Perfect Money. If you want to open an account with Videforex, you can do it in just a few seconds.

• As a result, veteran traders may want to consider alternative providers.
• The trading platform is one of the most crucial elements for traders willing to trade in the broking arena.
• Here, you can trade all the available assets and even withdraw and deposit at a click of a button.
• They must fill in the details required, and they will see another form in no time.
• Videforex’s lack of financial authority regulation should always raise a red signal when picking a trustworthy broker.

There are no research tools offered which is a substantial drawback. There is no mention of any trading tools offered lexatrade by the proprietary trading platform either. 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.

Mobile App Review

VideForex’s registration form will ask for your full name, phone number, email address, password, and preferred currency. Make sure to read the Risk Statement and Terms forms before you hit that sign-up button. Charting for CFD’s and forex will be in Candlesticks and can be further customized into Bars, Candles, Hollow Candles, Heikin Ashi, Line, or Area charts. Time intervals for charts can also be changed into five different time frames, which are 1m, 5m, 15m, one h, and 1d. Trading has become so popular nowadays that people are choosing to focus on it rather than have to go to their nine to five jobs. This is understandable because trading can be done in the comfort of your own home.

Allow me to share my experience

Videforex is one of those brilliant trading brokers that allows you to place trades for just $1. Forex trading, or foreign exchange trading, involves the buying and selling of currencies in the global marketplace. It is one of the largest and most liquid financial markets in the world, with a daily trading volume exceeding $6 trillion. Forex trading allows participants to speculate on the price movements of currency pairs, such as EUR/USD or GBP/USD.

Does VideForex provide Spot Metals Trading?

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. The broker was launched in 2017 and is operated by Vide Projects Ltd, a company registered in Seychelles. However, as with any online broker, there are also some potential drawbacks and risks involved in trading with Videforex. Therefore, it is essential to conduct a thorough and objective review of the broker before deciding to open an account and invest your money. In this article, we will review Videforex and evaluate its regulation, platforms, tools, education, markets, accounts, and funding methods.

Despite this, Videforex is a legitimate broker and not a scam. The unique features offered may offset the risk of limited regulatory oversight. On the downside, the platform is fairly basic versus the likes of MetaTrader 4 (MT4) and MetaTrader 5 (MT5). It will meet the needs of most beginners, but seasoned traders may be disappointed by the lack of advanced features. The reason behind this is that there are some terms and conditions that apply regarding the charges, so traders must be well aware of them. The trading is accessible for traders who choose a Demo account.

The only reason why traders choose the VideForex trading account is that there is no maximum deposit amount. To assist in their trading endeavors, brokers offer traders a variety of trading tools that can be used to refine their trading. Margin is the amount required at the start of every trade which is collateral for any credit risks which may arise while trading. It is expressed as a percentage of the position size and traders must ensure that they have adequate funds to cover this requirement. Upon exploration of the Videforex website, there is no information provided with regards to spreads or commissions that are charged. Even when viewing the trading assets, the broker does not provide any information.

Videforex offers much higher levels of customer service than alternative brokers. Featuring a 24/7 live video chat option, traders can contact a customer support assistant in real-time for help instead of a bot. The last account type, i.e., the Gold account, is for professional traders who want to build a significant career in binary options trading. So, if you are serious about trading, you must choose this account by paying a minimum what is cfd trading initial deposit of $3000.

We did find VideForex’s trading platform pretty impressive and unique. In addition to supporting mobile trading, the platform is simple and comes with many features. As mentioned above, VideForex does not offer the fancy Metatrader4 and Metatrader5 trading platforms provided by most brokers in the industry. Unlike other brokers that offer Metatrader4, Metatrader5, and extra trading platforms, VideForex does not provide any of these. The broker offers over 60 currency pairs to include Majors and minors and also popular cryptocurrencies.

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.

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 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 publicly traded fund – what it is and how to use it that we felt were worth sharing. The first was that any international wire transfer withdrawal will be charged an upfront $50 transfer fee. There is a 5% transfer fee charged on all credit card deposits, where the is no charge on any other deposit method.

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