Videforex offers retail clients trading opportunities via their proprietary web trader and mobile application platform. The company is licensed in the Marshall Islands, known for offshore trading and the absence of regulation. Traders who deposit funds with a broker with no regulation do so at their own risk. In the UK, financial service providers must be regulated with the Financial Conduct Authority (FCA).
Trading Platforms, Software, and its Features
Our broker ratings are also informed by the experience of our researchers during the evaluation process. There are three account types to choose from, including Bronze, Silver, and Gold. Each of the three offers their own set of features, but the shared features of the three include 247 support, 1-hour withdrawals, free demo accounts, and the provision of a copy trading tool. After that, there are some variances between the account types, so we’ve listed all of the features of each below.
Each broker has its own preference in which platforms it supports and often brokers offer the use of their own proprietary trading platforms. Videforex offers traders a variety of trading accounts that are tailored to the needs and objectives of traders. The policy that the broker has, is that the more is invested, the greater the benefits will be.
Cost and Fees, Commissions and Spreads
So, if you are serious about trading, you must choose this account by paying a minimum initial deposit of $3000. To evaluate brokers, we test the accounts, trading tools and us dollars half dollars and quarters services provided. Over 100 data points are considered, from minimum deposits and trading fees to the platforms and apps available.
Your account needs to be funded through the accepted payment method. Remember that choosing a broker that charges too low or high might put you in danger. When a broker charges too little, it might not offer better and more reliable alpari selects fx bridge technologies as new trading platform services.
- For example, if the fees of un-leveraged assets are between 1-2.5%, the fees for leveraged assets could be 5%.
- Like some other trading brokers, Videforex also offers its clients leverage trading.
- Where withdrawal fees are concerned, Videforex charges a 5% transfer fee when Credit/Debit cards are used.
- Furthermore, there is no way to verify the legitimacy, credibility, or reputation of the broker.
The funds will be available for trading immediately, once we receive a confirmation from payment system. As always, there are terms and conditions surrounding bonuses, so please be sure to read through those completely prior to accepting a deposit bonus on your account. If this information is correct, then we can deduce that the 100+ assets are comprised of currency pairs, stocks, and cryptocurrencies. That would leave out assets such as indices, commodities, and more. Videforex warns potential customers that Forex and CFDs trading carries a high risk and may not be suitable for all investors. This involves the trading of gold, silver, and other precious metals as hard duties and responsibilities of real estate broker commodities that are contract-based tradable.
Conclusion: Average broker with some benefits!
The promotion is only valid for the month of October and ends October 31 at 23H59 GMT with the draw taking place on November 5 at 10H00 GMT. It allows the traders access to numerous assets so they can unlock new possibilities in the market. If you want to register with Videforex, you must pay a minimum deposit of $250. After paying the deposit amount, you can access your trading account with Videforex.
Investing.co.uk has been helping British traders find the right broker for over 20 years. Videforex assures 3D-secure and VISA-secure code payment authentication for all deposits. To open an account, UK clients must complete the online registration form. This involves providing identity documents and proof of residence.
VideForex Account Types
Additionally, there are other brokers with longer track records that might be worth considering as alternative options. For more choices, we recommend you to check out our trading broker reviews. 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.
When requesting a withdrawal, traders are required to provide identification every time they request a withdrawal, regardless of the amount. The bonus meter which is provided on the Accounts page of the Videforex website has a slider that calculates the US Dollar value that traders will receive upon making their first deposit. Videforex is a remarkable trading platform that comes with a user-friendly interface. Also, this broker can be operated on different devices, which further adds convenience and limits the hassle. If you have correctly filled in all the information, you will get access to your trading account.
According to the Videforex website, there are a number of bonuses and promotions. Whether new to the trading world or not, read this article to get an in-depth insight into Videforex and its features. There is no maintenance or registration charge when you sign up for an account. However, if you do not make at least one trade a month, you will be charged $10. The company behind the brokerage, Involva Corp, is registered in the Marshall Islands. However, as a customer, it is your responsibility to follow the taxes requirements in your jurisdiction.
Bonuses are often offered as trading credit which can be used and of which profits can be withdrawn. You can quickly initiate trades from anywhere using the mobile version of Videforex. You can also keep yourself updated with the latest trends in the market with real-time feeds. Despite the number of features and benefits, Videforex has some drawbacks.