From that, we get the impression that this broker is making a considerable effort in carving a name for itself in the competitive binary trading industry. Videforex does not offer a wide variety of payment methods that can be used to make deposits and withdrawals. Whereas numerous brokers offer Bank Wire Transfer, Videforex does not support this payment method, which is one of the most secure and reliable methods. Brokers offer a variety of trading accounts, or they may only offer a single account, in which they provide certain trading conditions that appeal to a variety of traders according to their trading needs and objectives. VideForex offers three types of trading accounts namely Bronze, Silver, and Gold.

This lack of regulation can put clients at risk, as there is no oversight or protection in place to ensure that the broker is operating fairly and honestly. Therefore, potential clients should exercise caution when considering trading with a broker with no regulated license. It is important to thoroughly research the broker and their reputation, as well as consider the risks involved before making a decision to trade. While VideForex is primarily geared towards servicing novice traders, they do offer three different account types that reward traders who make larger deposit amounts.

Not let you withdraw

Traders can easily access VideForex’s web-based platform even when on the go. VIDEFOREX accepts payment methods including Visa and MasterCard, Bitcoin, Altcoins, and Ethereum. There is a transfer fee of 5% for Visa and MasterCard payments, while cryptocurrency payments have no transaction fee. Deposits made using Visa and MasterCard are credited instantly, while cryptocurrency deposits are also processed instantly.

Our guess is Videforex has intentionally built their trading platform in this manner just to keep things simple. For traders with some trading experience, Videforex has provided them with the Silver trading account. The minimum deposit requirement for the Silver account is higher at $1000. As a silver trading account holder, you will be entitled to a 50% deposit bonus once you have funded your trading account. Apart from the higher deposit bonus, silver account holders can also receive extra perks such as “3 Risk Free Trades” and a trading tutorial called “Master Class”. From our observation of Videforex during the course of our review of its services, we were quite impressed with what this young broker has to offer to its clients.

Screenshots and Videos

Overall, the platform offers convenient and efficient trading for clients on-the-go. People who write reviews have ownership to edit or delete them at any time, and they’ll be displayed as long as an account is active. Claim your profile to access Trustpilot’s free business tools and connect with customers. They will never let you withdraw your funds, coming up with excuses after excuses not to let you withdraw your money. This company is a scam company they stole my money I couldn’t get any money out of my wallet they control everything and make it seem like it’s legitimate it’s not they are scammers and thieves.

However, this is not to mean that their alternatives are not good. VideForex does not fall short in terms of the number of financial assets available to trade on their platform. 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. Overall, the trading platform is well designed hence making it easy to navigate around the platform.

NewsBad Reviews: Trade with Videforex, Trade with Cautions

They always get back to me in a timely manner and have followed through with everything they said they would. There is no information regarding the commissions which are charged when trading with Videforex. Apart from this, there are no other tools or resources provided.

Once you have completed and submitted the form, you will be able to log in to your new trading account. I have been waiting on a withdrawal since September 8, 2022 and still no funds sent to me. They keep giving me the run around stating there must be some mix up that transaction should have been processed.

Trading Platforms, Software, and its Features

Verify your identity by providing the required documents, such as a passport or driver's license. Make a deposit into your account using one of the accepted payment methods. Moreover, the accept customers from all part of the world, yet during our review, we could not see a valid license from any local government. Real investors are interested in looking for a Forex broker that is licensed by FCA United Kingdom, ASIC Australia, BaFin Germany or CySEC in Europe. Opening your trading account at https://traderoom.info/python-language-tutorial-exponential-function/ is quite a straightforward process. Next, click on “Open Account” and fill in the registration form.

Videforex is not regulated by any financial authorities, which in our opinion is always a red flag when choosing a reliable broker. FXMasterBot is a popular forex trading robot that works with multiple brokers licensed by CySEC and FCA in UK and Europe. FXMasterBot has a great trading platform you can try a Free Demo Account, signup here. VideForex claim to offer a weekly trading contest, there are 20 winners, based on the success of their trades.

Markets, Products, and Instruments

As with currency exchange markets, commodity markets offer trading in contract-based tradable goods. Leveraged products, such as Forex, increases the potential profits of the trader, but it also increases the risks and subsequent losses that the trader may incur. When a broker has won numerous awards and indicates such on their website, it often instills more confidence in the broker as an industry leader and provides it with a good reputation in its solutions and services provision. Below is an in-depth review of Videforex to help you make an informed decision before opening your account or trading on their platform. While there some brokers in the industry with higher fixed spreads, VideForex’s spreads are very high.

• In addition to supporting mobile trading, the platform is simple and comes with many features.
• The Videforex referral program allows traders to invite friends, family members, and colleagues to register for a trading account which provides the referral with 20% of their initial deposit.
• Traders are issued with top trading tools, personal account managers, and advanced market analysis.
• They changed their link from videforex com to videforex.io presumably to get away from all the negative reviews so they can continue scamming.
• It is important to thoroughly research the broker and their reputation, as well as consider the risks involved before making a decision to trade.