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.
Copy Trading Review of VIDEFOREX Broker
- 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.
- Technically, it is live video chat support, but do not expect to sit down face-to-face with an agent.
- VideForex is an offshore FX broker that has been in operation since 2017.
- Intelligent traders do not bother to integrate various services.
- The support staff is multilingual, catering to traders from various regions worldwide.
This is something we haven’t come across during broker reviews for quite a while. Most online brokers today provide unlimited practice account without any commitment from the client. A requirement for a deposit before a test drive is not a good sign.
Educational & Trading Tools
If you are new to the brokers’ world, Videforex may be a sound option. This broker stands out from the crowd thanks to its focus on individuals who prefer passive trading via the Copy Trading tool, which is included in all of its account types. To find out more about this broker, make sure you check out the following Videforex review below. Videforex is considered a good broker for its high number of payment methods, 24/7 market access and reliable customer support.
Does Videforex Have An Inactivity Fee?
Launched in 2017, Videforex offers access to stock, index, crypto, forex and commodities markets via binary options and CFDs. On the in-house trading platform, traders can choose from more than 100 instruments, ranging from forex trading to binary options. Other assets include commodities, stocks, and cryptocurrencies. The web platform comes with a simple interface, which may be a huge deterrent for veteran traders looking for advanced tools and features.
VIDEFOREX is a forex, CFD, and options broker based in the United Kingdom. This broker’s platform is accessible from any device, allowing both beginner and experienced traders to use it at any time and from any location. VIDEFOREX already has over 3,000 customers from all around the world. They also tout a trading volume of over $59 million as well as a total of $ in trader pay-outs.
STARTRADER’s copy trading platform lets you mirror real trades in real time with full transparency and control. For traders seeking to capitalize on the strategies of seasoned professionals, Videforex copy trading presents an attractive opportunity. This feature enables you to mirror the trades of successful traders, allowing you to benefit from their experience and insight without having to navigate the markets alone.
The company that owns the brokerage is also the owner of other well-known brands, such as Binarymate. More than 5,000 customers have signed up for an account since the brokerage started and withdrawal requests are processed in just 30 minutes. Credit cards (VISA/MasterCard), bank wire transfers, Bitcoin, Ethereum, Lite coin, Altcoins, Neteller, Skrill, and Perfect Money are all options for funding & withdrawing your account. If you deposit on weekends or holidays, you may have to wait a bit longer.
We’d just prefer to see key details presented front and center. 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 that we felt were worth sharing. The first was that any international wire transfer withdrawal will be charged an upfront $50 transfer fee.
Trust scores of VideForex Binary Options broker
The most prevalent gadgets are tablets, PCs, telephones, & smartwatches. FOREX.com is authorised and regulated by the Monetary Authority of Singapore (MAS), ensuring compliance with Singapore’s financial standards. XTB is authorised and regulated by the UK Financial Conduct Authority (FRN ), with its registered office at Level 9, One Canada Square, Canary Wharf, London, UK. The company behind the brokerage, Involva Corp, is registered in the Marshall Islands. TradingFinder.com assumes no responsibility for any potential losses or damages.
Free demo accounts are available and with this broker, we truly advise that you create one, even if you are an experienced Forex trader. The reason for this recommendation is the fact that far too little trade-related information is provided on the VideForex website. Videforex may be more suitable for experienced and successful traders, thanks to the high minimum deposit, and lack of education and guidance. By offering options across these markets, Videforex enables traders to enjoy flexibility and diversity, allowing them to speculate on market movements while controlling their risk and reward. This extensive selection reflects Videforex’s commitment to providing a user-friendly and innovative trading platform.
- Our latest article provides an in-depth review of EXANTE, a broker known for its user-friendly platform and strong customer support.
- XTB is authorised and regulated by the UK Financial Conduct Authority (FRN ), with its registered office at Level 9, One Canada Square, Canary Wharf, London, UK.
- We provide broker reviews and ratings to help users find a suitable broker according to their own needs.
- In addition to bonuses, VideForex offers a weekly trading contest that offers a total prize fund of $20,000 which is distributed among 20 total winners.
All they have to do is login into their account using their browser, which will instantly access the broker’s web platform. You may always utilize the web-based platform, which is equally mobile-friendly if you would not want to install any apps. Experience a platform trusted by thousands of traders — fast execution, user-friendly tools, and full regulatory backing. Yes, but you need to make a deposit first and contact customer support to get your demo account credentials. This ensures that we accurately convey videforex copy trading facts and events so that investors and traders can read our content with confidence and make informed choices.
Although there are no additional costs when adding funds using Bitcoin, Altcoins, and Ethereum, Visa & MasterCard transactions have a 5% charge. You will be given access to a VIDEFOREX demo account once you have made a deposit. The demo account may only be used when a $250 deposit has been made. The amount of virtual money you have will be determined by how much you deposit into your trading account. I like that the potential returns at Videforex are higher than binary platforms I’ve tried in the past. But to get a decent welcome bonus you really need at least a Silver account which needs a $1000 deposit and more than I could afford.
Rewards & Risk Review of VIDEFOREX Broker
It is also not intended for distribution or use in any jurisdiction where such distribution or use would violate local laws or regulations. This is how it functions; when your selected trader takes action, the system picks it and replicates it to your account. First check a couple of things when viewing various platforms. The analytics will allow you to get comprehensive details of each trader. You will see their results each month, the longest losing period, how long they hold their positions, and the overall results. Such information allows you to get an insight into the plans of various traders.