For instance, you have $1000 on your balance and you open several positions. In case your total floating profit/loss will reach -$950 (5% from free funds + opened positions margin), you margin call will be triggered. There is no indication that Videforex offers the option for a demo account. To win a prize, traders are required to activate the giveaway in the ‘My Promotions’ section after funding their trading accounts.
Does Videforex Offer Any Sign Up Bonuses?
Even when viewing the trading assets, the broker does not provide any information. When requesting a withdrawal, traders are required to provide identification every time they request a withdrawal, regardless of the amount. Brokers often cap bonuses above a certain level and there are strict terms and conditions involved with these bonuses.
VideForex Broker
The broker offers live video chat support, which you can access directly from the homepage. This makes Videforex a strong contender for newbie day traders or those that want live support a few clicks away. I recently tried out this online broker and it was a bit of a mixed bag. On the plus side, the price feeds were always up-to-date, which is crucial for trading. And being able to deposit and withdraw funds directly through the app was super convenient. Although the interface took some getting used to, it wasn't very intuitive or user-friendly compared to other trading platforms I've used.
Accessing Videforex's free platform has…
For instance, should there be a 1% margin requirement on a position of $1,000,000, the trader must cover a margin requirement amount of $10,000. The margin requirement must be equal to or more than 100% for the position to be opened. Traders, despite their trading experience and investment size, should be provided with the same benefits. Below is an in-depth review of Videforex to help you make an informed decision https://forexanalytics.info/ before opening your account or trading on their platform. As always, there are terms and conditions surrounding bonuses, so please be sure to read through those completely prior to accepting a deposit bonus on your account. This comprehensive approach allows us to recommend the best brokers for different experience levels, trading styles and budgets.
- Additionally, clients have access to their account and portfolio information through the platform.
- An inactivity fee of $10 per month applies if clients do not complete at least one trade in this time.
- USER BEWARE - I recently reached out to customer support to ask them about the withdrawal process.
Platforms
Education refers to all the learning material and tools offered by brokers which is imperative for traders in their trading activities, especially beginners. It provides traders with the necessary knowledge that they will need to become successful traders. Commissions are charged on certain instruments, often when traders are offered with variable or floating spreads, as the percentage charged counts towards the broker’s fee for their services. Brokers who are Market Makers, or who offer fixed spreads, often offer commission-free trading.
The ability to review my trading history instantly is invaluable for informed decision-making. However, the absence of MetaTrader platforms is a limitation for traders accustomed to those tools. A trading platform is a type of software that is used through which trading can be executed. Each broker has its own preference in which platforms it supports and often brokers offer the use of their own proprietary trading platforms.
After position is closed, investment will be returned back to your balance. Videforex warns potential customers that Forex and CFDs trading carries a high risk and 9 forex trading tips may not be suitable for all investors. Traders are urged to take caution when dealing with such brokers as they may be scams and traders are further urged to ensure that they conduct thorough research to ensure the legitimacy of brokers. This involves the trading of gold, silver, and other precious metals as hard commodities that are contract-based tradable.
VideForex is an offshore FX broker that has been in operation since 2017. Based in Seychelles, this broker operates as part of the Vanuatu-based Finance Group Corporation. One of the most important decisions you can make as a trader is to choose a reputable trading brokerage that’s right for you. While there are numerous viable online trading brokerages out there to choose from, it can still be difficult knowing which one is right for you. We understand the struggle and importance of choosing the right trading brokerage, which is why we have compiled numerous in-depth reviews of viable online trading brokerages.
This allows you to learn from experienced and successful traders, enabling you to copy the trades of high-earning investors. The app's integration of real-time data and mobile accessibility supports a robust trading strategy, allowing for constant monitoring and management of trading activities from any location. You can close opened position before its expiry time if the position is in profit on 0.1% or more.
The platform keeps things very simple and features everything a trader needs to competently trade CFDs and binary options. The platform comes complete with a basic charting package where traders can conduct basic technical analysis with a few key technical indicators, time frames, and chart types. No download is required as trading is available via all major web browsers. However, while the platform is touted as suitable for both new and experienced traders, we found that sophisticated and advanced tools were lacking. In particular, there are very few technical features that are common on competitor platforms, such as charting tools and indicators. To evaluate brokers, we test the accounts, trading tools and services provided.
Videforex Reviews
Videforex is an online broker that provides access to various markets through binary options and CFDs. The broker has a proprietary web-based platform that features live video chat support and copy trading. Videforex also offers attractive bonuses, fast withdrawals, and trading contests for its clients. However, the broker is not regulated by any reputable authority and has high spreads and commissions compared to other brokers. All accounts feature 24/7 live video chat support, copy trading tools, and fast withdrawals.
It can take Videforex up to 3 business days to process incoming bank wire transfers and to verify that the funds have been received. As such, we highly recommend using a demo account if you are considering trading with this FX brokerage. Videforex offers the use of its own proprietary trading platform through which trades can be executed. Forex brokers often lure new traders with offers of deposit bonuses. This can be useful, but it is essential to discern what the conditions are in order to benefit from the bonus. There are more than 100 financial instruments spread across a variety of asset classes that can be traded through the proprietary Videforex trading platform offered.