VideForex is not a regulated entity, unlike the advertisements made on their website. Several local laws and regulations in countries such as the USA, parts of Asia, and EU member nations may prevent VideForex from operating in these areas. Therefore, there are a few regulatory concerns and hurdles while trading with VideForex. VideForex operates as a Forex and CFD brokerage under Vide Projects Ltd., a division of the Financial Group Corp., with its corporate office located in Seychelles. VideForex launched its services in 2017 but is still in the process of refining its products to better align with the global standards adopted by leading service providers in the market. VideForex welcomes you with a live chat feature and an actual customer service representative, who goes on to explain the website’s products and services through an interactive video chat interface. The live video chat feature adds a personal touch to the proceedings, but read our expert VideForex review today for all the relevant information about the company.
Any action you take upon the information you find on this website is strictly at your own risk and we will not be liable for any losses and/or damages in the use of our website. As we already know, offshore registration usually doesn’t guarantee the safety of funds and clients’ protection, especially in the Marshall Islands, where the local authority doesn’t regulate forex businesses.
Uniteex Co Review
Traders can win Apple products that’ll ease your everyday trading life and a 20% to 100% deposit bonus. VideForex offers Binary Options trading as Turbo, Intraday, and Long term.
For instance, traders can participate in the global markets by trading over 15 forex currency pairs, 9 commodities, over 80 stocks, and 13 market indices. While this may not be as many assets as some trading brokerages, it is quite substantial for novice traders which is the market VideForex is going for. However, it is somewhat disappointing that VideForex is not offering CFD cryptocurrency trading pairs as most new online trading brokerages of this kind are. VideForex is an international online trading brokerage that provides traders with the opportunity to trade a broad range of CFDs and binary options on an array of financial instruments. The brokerage is owned and operated by Vide Projects Ltd which is a division of Financial Group Corp, an international financial services company who owns numerous online trading brokerages. The VideForex trading brokerage was founded in 2016 and is based offshore in the Seychelles.
The site has a modern user interface, even if it is made somewhat template. After analyzing the domain, we found that the site was opened in 2016. About 30% come from the United States, although brokerage services are not provided to citizens of the United States of America. Overall our online Retail foreign exchange trading was conducted with the details obtained from the demo trading and the forex brokers website. If you would like to add details to this online Videforex or you find inaccurate details Videforex broker review please get in touch with us and the changes will be applied. During this review, we have tried to chat with the support about various topics related to trading and technical support. The representatives were able to handle simple questions without any trouble.
However, after a while the chat service requires you to register to continue. So in order to have a gold account, you have to deposit at least $3,000. License and regulation is the most important section of this VideForex review. While there some brokers in the industry with higher fixed spreads, VideForex’s spreads are very high. We recommend that you avoid this broker if you are looking for a low-cost option. VideForex offers fixed spreads with the average for the EUR/USD pair currently standing at two pips. Customers can choose to access VideForex’s web-based platform via their Android and iPhone devices.
The financial services provided by this website carry a high level of risk and can result in the loss of all of your funds. Please ensure you read our terms and conditions before making any operation in our trading platform. Under no circumstances the company has any liability to any person or entity for any loss or damage cause by operations on this website. After studying several months Forex and ways to become a profitable trader, I took a look to the binary options.
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 .
So only companies who can capable of proving of their assets and trustworthiness can get this license. For instance, a broker has to prove that they have an account that worth €730,000 excluding the accounts of the customers. The broker IC Markets Forex Broker Review 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. On tradable assets, VideForex customers have access to over 160 assets.
The minimum deposit amount to open this type of account is $3,000 and you can receive a bonus of 100% deposit match bonus on opening the account. While VideForex have the innovative video link customer support service, they lack anything else in the way of additional resources or extra features. The customer support team are available 7 days per week, 24 hours a day for the clients’ benefit and their live chat service is innovative as it is carried out over a live video. This is an especially advanced and useful service that is sure to be appreciated by clients. Dealing with unregulated brokers can be very risky because there isn’t a regulatory authority to hold them accountable. Otherwise, find another brokerage provider that is well-regulated and adheres to regulatory guidelines.
VideForex also has native trading apps that are available for free on Play Store and App Store. The mouth watery bonuses and giveaways may make your trading journey a lot easier. Contact them on this phone number (+ ) to find out more about their services and product offerings. They offer 1-hour withdrawals by credit cards, Ethereum, Bitcoin, Perfect Money and AltCoins. You can opt for a more borderless with zero transaction fee cryptocurrency deposits. All VISA and MasterCard deposits come with a 5% fee and only open to residents outside of the United States.
As cybersecurity is growing and internet scams are widespread, being able to trust your broker with your confidential information is paramount. You’ll also discover that since their stage is online, no longer are downloads required. The slick system makes choosing your fiscal instrument a hassle-free procedure. You are able to get to the money pairs, commodities and indices of your selection with just a couple of clicks. VideForex.com know exactly what’s occurring to and on their platform in any moment. With luck, this will streamline the querying process and ensure any issues and glitches could be ironed out quickly.
- Regardless, VideForex does have a demo account option, and traders can withdraw their money from the broker if they are not impressed with the broker’s products, platforms, or services.
- While many traders prefer the popular and familiar trading platforms, the VideForex platform is actually quite impressive.
- There is a variety of convenient payment methods but no educational resources to help inform traders.
- However, we were surprised to find out that the broker has gone above and beyond to make their web-based trading platform mobile-friendly.
- The minimum deposit for the Bronze account is $250 while that of Silver and Gold is $1000 and $3000 respectively.
- As mentioned above, VideForex does not offer the fancy Metatrader4 and Metatrader5 trading platforms provided by most brokers in the industry.
This broker did not score well during our testing process and is not recommended by our experts. We strongly suggest choosing a broker that has gained a high score through excelling in all departments instead. To learn more about how we test and recommend brokers, read our methodology. You will immediately receive your trading account and all tools you need for successful trading. You can also share your trading experience with Videforex by commenting on this review. No, it is not safe to trade with Videforex, as it is an offshore company. Videforex as the Company, operated by INVOLVA CORP – Nr. , Trust Company Complex, Ajeltake Road, Ajeltake Island, Majuro, Marshall Islands.
Videforex Review: Conclusion
Therefore, for a company’s unfinished investment program, it is possible to rate it unsatisfactory. VideForex is a peculiar sort of Forex and CFD broker that claims to provide its customers with the most advanced platform for Binary Options and CFD trading with live video chat. As the their domain title suggests,VideForex.comtakes a friendly marketing approach towards attracting prospective Forex investors by placing a life video chat right in their homepage.
VideForex really does strive to accommodate all types of traders from all over the world and has a welcoming approach to attracting new traders to their platform. While this is a welcoming feature, does VideForex offer competent services, or are they viewed as a scam?
Should I Trade With Videforex?
Every broker has the responsibility of being transparent about its products and services, as it is vital for a trader to have all the relevant information at a glance to make an informed choice. Videforex nor its agents or partners are not registered and do not provide any services http://jamesco.devzone.life/exponential-moving-average/ on the USA territory. One area VideForex really stands out from the competition is their level of customer service. As soon as a new user goes to the VideForex website they are greeted with a live video stream where they can chat with a customer service representative.
Additional methods of support include the websites extensive FAQ page and contact via VideForex’s social media channels. The use of VideForex platform does not induce much confidence, as the platform is a proprietary interface that offers both binary options and FX/CFD products through a Web Trader. Web traders have traditionally been marginally inferior to installable interfaces, as web-based interfaces don’t provide the much-needed dexterity for trading. We aim to provide unbiased online trading broker reviews to give traders a clear understanding of the different brokers available to them. Traders can use our free service but make their own decisions when choosing an online trading broker suited to their individual needs.