Videforex minimum deposit requirements vary by account type. The Bronze account requires the lowest deposit of $250 or equivalent currency. The broker does not charge an account funding fee, however, third-party fees may apply. UK clients can utilise the below deposit methods, with instant processing and no deposit fees. Videforex offers Forex, CFD, and Options trading with more than 100 assets available for trading.
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The platform lacks transparency, does not provide investor protection assurances, and does not meet the compliance standards required of regulated financial services providers. Several financial regulatory bodies have issued public warnings regarding unlicensed binary options and CFD brokers operating online. While Videforex itself may not be named in all such warnings, the general caution applies to offshore platforms offering similar services without proper licensing or oversight. Videforex is considered a good broker for its high number of payment methods, 24/7 market access and reliable customer support. However, the lack of assets to trade, regulation and platforms could be red flags for some. The firm has grown in popularity due to the increase of swing trading binary options, CFDs and FX.
What Are Videforex Minimum Deposit Requirements?
The company’s forgotten password process is straightforward and customers can follow their profiles on social media, such as Twitter and Instagram for live updates. To initiate transactions, log in to your Videforex account and visit the “Cashier” section. Here, select your preferred payment method and follow the on-screen instructions. Processing times may vary depending on the method and network involved. A dashboard is the first thing that defines our experience with an application.
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If you know any scam projects that were not reviewed by our team, please contact us. All they do is stall and tell u to ‘wait a few hours’ again n again. Videforex adopts a stringent is videforex legit security standard for safeguarding transactions. It incorporates a 3D secure protocol and 264-bit SSL (Secure Sockets Layer) encryption technology to keep payment pages protected.
Videforex Regulation
With over 100 assets available, clients gain a broader exposure to the market, and this can help diversify their portfolios. This broker’s platform is available on any device, which allows both newbie and professional traders to access it anytime, anywhere. Our review of Videforex was disappointed to see limited additional resources for traders.
Trading on Videforex takes place on all days of the week 24/7. It is worth noting that not all traders offer you this flexibility. You can trade binary options, CFDs, and Forex as per your suitability. This is the perfect option for traders with varying schedules and time scarcity.
VideForex doesn’t require its clients to download any kind of software to use its platform. Their platform is web-based and can be accessed by using any kind of browsers, such as Mozilla Firefox, Google Chrome, or Microsoft Edge. Videforex is an unregulated trading service based in the Marshall Islands. This comprehensive approach allows us to recommend the best brokers for different experience levels, trading styles and budgets.
At the bottom of your trading platform, there is a table that would feature open, closed, or pending positions that have been executed by the system. All details listed here are vital for backtesting, portfolio management, and trade review. Subsequently, users can also view which trades have been profitable to them. However, the broker is not regulated by a reputable authority and therefore UK traders deposit at their own risk. Videforex follows standard office hours and 24-hour trading hours Monday-Friday.
- Videforex is not licensed or regulated by any major financial authority.
- However, Videforex is not regulated by any reputable authority, which raises some concerns about its credibility and safety.
- Each market has its own characteristics, advantages, and disadvantages, and requires different strategies and skills to trade successfully.
- However, while the platform is touted as suitable for both new and experienced traders, we found that sophisticated and advanced tools were lacking.
- The company behind the brokerage, Involva Corp, is registered in the Marshall Islands.
A basic trading tutorial is published on the broker’s website, topics include how to trade CFDs and how to trade binary options. However, there is no economic calendar, live market news streams, or trading updates which are provided by most good brokers. Overall, there are many questions in regards to the trust of the Videforex company services and the manner they do operate the online trading itself. Traders should trade with well-regulated brokers such as UK brokers or brokers in Australia and reliable brokers such as AvaTrade and Admiral Markets. Videforex is not licensed or regulated by any major financial authority.
Turbo allows clients to set trades that expire within the next 30 minutes, while Intraday orders expire when the day ends. On the other hand, clients may choose to execute Long Term positions that expire within the next month. Clients can also take screenshots of their charts by navigating towards the top left portion of VideForex’s platform and accessing Charting Tools. Here, you will have access to drawing tools that allow you to employ Fibonacci-based techniques as well as harmonic patterns. Measuring tools can be found here as well and will be used if you want to measure your risk or probable gain. Furthermore, tools can be found on the bar on the left of your charting software.
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- But their proprietary software capably covers all my research, analysis and execution needs at zero cost.
- The most obvious way to contact the broker is through live chat.
- This makes Videforex a strong contender for newbie day traders or those that want live support a few clicks away.
- Processing times may vary depending on the method and network involved.
It was really a financial blow when i lost my money to this company. This compel me to always make my research and findings before joining any company. Extensive research make me discover Summus Trade here on TP. The firm also claims to have invested in a high-tech system for data protection.