Yes, Silver and Gold account holders gain access to masterclass webinars, and all users can benefit from platform tutorials and guides. However, the depth of educational content is basic compared to dedicated learning platforms. The minimum trade amount is just $0.01, making VideForex highly accessible for beginners or those testing strategies. However, profitability on such small trades is limited due to spreads and fees. Yes, their support is available 24/7 and you can contact them via live video chat, phone call and Faq.
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Companies on Trustpilot canāt offer incentives or pay to hide any reviews. There is simply a FAQ section with a few queries and their answers, but no more information is supplied. VIDEFOREX does not provide any educational resources, except a two-video embedded video on the site. Traders who participate in the offer have a chance to win a variety of gadgets that make trading easier.
It makes Videforex a reliable option for traders who want to step into binary options or CFD trading. Videforex has a plethora of benefits along with impressive features. Even though you are a day trader, CFD trader, or binary options trader, you can choose Videforex for a successful career.
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The products mentioned here may be affected by changes in currency exchange rates. If you invest in these products, you may lose some or all of your investment, and the value of your investment may fluctuate. You should never invest money that you cannot afford to lose and never trade with borrowed money. VideForex is a broker for novice traders and professional market participants that allows you to make trades on your own or receive income through the trade copying service. To open a live account with Videforex, the minimum deposit requirement is $250 or equivalent currency for the Bronze account.
With that insight, I’ve been able to optimize my strategy according to factual performance records that would’ve been far more tedious to manually track and organize effectively. Their transparent historical archive takes the headache out of journaling trade experiences. FOREX.com is authorised and regulated by the Financial Conduct Authority (FCA) in the UK. The platform is designed for informed traders who understand the risks of leveraged trading. Oddly enough, VideForex does not show bank wire transfer in the list of accepted withdrawal methods, but this could just be an oversight.
- Being a web-based platform, Videforex limits you from using certain system features, like forex expert advisors.
- During our VideForex review, we found out that the brokerage provider is not well-regulated.
- So only companies who can capable of proving their assets and trustworthiness can get this license.
- Only checking the platform could cost you money since cryptocurrency transfers will require you to cover the network fees.
- Clients simply need to decide whether the price of an underlying asset will rise or fall.
- We also use different external services like Google Webfonts, Google Maps, and external Video providers.
Hence, beginners should be aware of the fact that they will not be able to test the brokerās 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.
The trader buys a binary option with a strike price of $25, and expires after one day. If, at the expiry date, the stock price is higher than $25, the option expires in-the-money and benefits the trader. The Videforex platform is also weaker than the industry standard. Videforex is an unregulated online broker located in the Marshall Islands, a location that is very popular among offshore brokers.
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This is a big plus, especially for traders who may need help at any time of the day. However, it should be noted that the broker does not provide training materials for its clients. This can be a disadvantage for novice traders who are looking for resources to Forex scalping signals learn and improve their skills.
- The traders can avail of full-fledged data under the terminal where they can make use of multiple indicators.
- The platform charges a swap fee of 0.07% of the face value of the position to hold a position overnight.
- Videforex is a remarkable trading platform that comes with a user-friendly interface.
- We have over 20 years of experience when it comes to trading online so we know what to look for.
- The interfaces seem less intuitive compared to some competitors.
On the other hand, the choice of only 100 assets is not so broad ā with some brokers like Monfex offering more than 200, including major currency pairs, stocks, crypto, and others. The one area where VideForex finmax review 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.
This allows you to automatically replicate the trades of successful traders within the Videforex community. By selecting top-performing traders to follow, you can benefit from their expertise and potentially achieve similar results. The broker seems to specialize in Forex and binary options primarily. However, they also offer a bunch of other products including CFDs, stocks, ETFs, and market indices. VideForex offers research & education resources through their parent company. Traders are issued with top trading tools, personal account managers, and advanced market analysis.
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Regular CFD & Options trading, as well as direct deposit and withdrawal, are all available through the app. This app is completely free, and you can get it on the Google Play Store for Android and the Apple App Store for iPhone. If youāre a newbie to trading, finding the right broker who can guide you through the process is crucial.
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The next account type that Videforex offers is the Silver account. It targets the traders who have gained a good experience in binary options. With a minimum deposit of $250, clients can access VideForexās 24/7 live video chat support feature, a demo account, and VideForexās copy trading tool.
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For both Binary options and CFD, Videforex offer advanced trading features and functionalities. To attract new traders and provide a risk-free introduction to trading, Videforex offers risk-free trades. This promotion allows you to place trades without the risk of losing your initial investment. If the trade results in a loss, Videforex will refund the amount. During currencystrengthmeter_mtf precise forex indicator our VideForex review, we found out that the brokerage provider is not well-regulated. Although they offer frequent promotions and tonnes of bonuses, we advise traders to interact with VideForex cautiously.
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. Beginner traders mostly prefer brokers with an affordable minimum deposit requirement.
This compel me to always make my research and findings before joining any company. Please do not use this broker as you will loose all your money. Trade as and when you want ā throughout the year, even on weekends.
VideForex offers a minimum deposit of $250 which is somehow higher when compared to brokers of its category. However, the spread can vary depending on multiple factors, including liquidity, external market factors, or instruments. This trading broker is designed in a way that it can correctly meet the needs of investors and traders present at all levels.
This feature is excellent for new investors or people who prefer a passive investment style. When copying the trade of a master trader, the copy-trader must pay a commission to them. Making transactions is possible from a mobile device; all you need to do is install a mobile app. The referral program allows receiving non-trading income and is suitable for those clients who are active in social networks or have no experience in trading. The support is really on the level, and it is important when you need to solve issues quickly. But I agree that the lack of tutorials is a serious disadvantage, especially for beginners.