No, the broker isn’t regulated or licensed to operate in the US. As cybercrime is on the rise and online scams prevalent, trusting your broker with your confidential data is important. However, as a customer, it is your responsibility to follow the taxes requirements in your jurisdiction.
- Simply share your link with a friend, and you can get 20% of the amount that they deposit.
- You can consider this charge a fee you pay for trading through the platform.
- Like with other brokers, a free VideForex demo account will be available for everyone who registers for a new account.
- And the one thing to note here is that, unlike the majority of US brokers, Videforex does not fall under the regulatory umbrella of the Commodity Futures Trading Commission (CFTC).
All-in-all, when it comes to financial assets, Videforex is a standout option. To promote the on-the-go use of trading services, Videforex comes with a dedicated mobile app. Users can download its trading app through Google’s Play Store or Apple’s app store, based on their operating system.
The demo account by Videforex gets activated after you fund your real trading account with the minimum deposit amount. Like some other trading brokers, Videforex also offers its clients leverage trading. Under the leverage trading process, the traders can borrow capital from the broker to enhance their buying potential.
Therefore, we advise you to choose a regulated and secure broker. This guarantees that there is a regulatory body looking after your interests as a trader. From our experience, we can say that VideForex is highly regulated and safe. The Commodity Futures Trading Commission oversees the broker and VideForex offers a high level of security for customer data. Despite being a relatively new entrant in the trading industry, Videforex had established a name for itself. It offers traders an opportunity to trade on several dozen of financial instruments.
Upon creating an account, VideForex will welcome you with a promo code that you can use to get three to five risk-free trades. However, not all promo codes entitle clients to the same bonus. They usually expire after 45 minutes or an hour, depending on the time limit given to you. Make sure to read VideForex’s terms and conditions before you use their promo code. A trading bonus of 20 %, 50%, or 100% will be granted to users depending on their account type. The exact amount of the bonus depends on your initial deposit.
Platforms & Tools
Videforex is an unregulated trading service based in the Marshall Islands. Since its inception, VideForex has gained over 5,000 clients from around the globe. They also boast of a trading volume of over $4 million and a total of more than $450,000 payouts to traders. No traders from the United States are unable to open an account and trade with Videforex. If you have experience trading with Videforex please share your personal review of the broker and what you think are strong and weak points.
Does Videforex offer leverage?
Beginner traders mostly prefer brokers with an affordable minimum deposit requirement. VideForex offers a minimum deposit of $250 which is somehow higher when compared to brokers of its category. Videforex offers retail clients trading opportunities via their proprietary web trader and mobile application platform. The platform is easy-to-use with simple navigation features.
This comprehensive approach allows us to recommend the best brokers for different experience levels, trading styles and budgets. Want to find the ideal broker that caters to all your needs? Tradingcritique.com is the ultimate guide to help you navigate through the best broker in the market. We’ve got you covered with an all-inclusive review of the best brokers out there.
One thing we noted about the broker is that they charge a specific commission to traders who choose to open unleveraged digital currency CFD positions. All VIDEFOREX clients have access to a live chat trading feature. Representatives at VIDEFOREX can assist you in a range of languages. Although you’ll be sending messages in a public group chat, registered customers have access to a private chat function. You may also fill out the form on the “Contacts” page to give them your query or complaint. Once your form has been submitted, a customer service representative will contact you through email.
Should I Open An Account With VideForex?
No one has reached out to me via phone & I have screenshots to prove online conversations plus pending order history. They take your money and kick you out when they don’t want to pay you. However, Videforex has no mention of complying with any Indian regulators on its website. The broker is not regulated by any regulatory body in India, that’s why money safety may be the issue here. This is not applicable to Videforex as there is no indication that a demo account is offered. There is no indication that Videforex offers the option for a demo account.
Trading Platforms, Software, and its Features
I just want my money back at this point, this is just a waste of time. Platform is beautiful and easy to use with a casino feel and deposits are easy to make. Problem is price always feels manipulated and spike outs happen often. Also if you try to withdraw your money you will eventually get contacted by a account manager who will tell you she is declining the withdraw and forcing you to take another bonus.
Opening a trading account on the Videforex platform is super easy. All you need to do is to furnish your personal details, which powertrend broker requires hardly a few minutes. Once all details are completed, you will access your account and the necessary trading tools.
While it does not have stylish and modern tools, we were impressed by its uniqueness as well as its ability to support multiple functionalities. VideForex is a new brokerage company that offers Forex and CFDs alongside binary options and other products. The Scotland-based broker was launched in 2017 and is a subsidiary of the Financial Group Corp (FGC).
Subsequently, users can also view which trades have been profitable to them. Important financial tools can be located on the top left of your trading platform, and account tabs will be on the top right. Immediately below this, you will be able to see recent profitable trades that have been made by other clients of VideForex. Videforex will show a customer’s deposit as pending while it waits for confirmation from its payment system. Traders should check their funds are confirmed before entering a transaction. If the service is temporarily unavailable, this could delay entering at the desired price.
However, you need to remember that leverage trading is not risk-proof. That means if you have incorrectly predicted the market, you will lose a huge amount of money. It happens https://traderoom.info/ because the fees charged on leverage trading are higher than those for non-leveraged assets. This trading platform offers a 100% deposit bonus on the first deposit.