Videforex review for traders – How good is the broker?

Rating:Assets:Minimum deposit:Return:
4 out of 5 stars (4 / 5)Binary options, crypto, forex$ 250Up to 90%+

If you are searching for a reliable broker that offers the best trading service, you must choose Videforex. It’s an excellent choice for traders from all around the world. This trading broker is considered the best for beginners, but professional traders also like using this broker. 

Whether new to the trading world or not, read this article to get an in-depth insight into Videforex and its features

(Risk warning: your capital can be at risk)

What is Videforex?

Videforex is a reputed company that was founded in 2016. It’s a well-known binary option, CFD, and forex broker. This trading broker is owned and operated by Vide Projects Ltd. 

While Videforex is a new entry in the trading world, it has become quite popular among traders. Through this platform, you can use numerous financial instruments. 

This trading broker is designed in a way that it can correctly meet the needs of investors and traders present at all levels. Videforex offers its services in all the countries except the US and a few regions of Europe and Asia. 

In contrast, Videforex has extended support in multiple languages, including French, English, Spanish, Dutch, Thai, and Russian. It is done to assist the clients from the accepted countries correctly. 

(Risk warning: your capital can be at risk)

Videforex pros (benefits):

Videforex has a plethora of benefits along with impressive features. Even though you are a day trader, CFD trader, or binary options trader, you can choose Videforex for a successful career. 

Below are some benefits of registering yourself with Videforex:

1. Accessibility 

One impressive thing about using this trading broker is its wide outreach. Besides the USA, Videforex offers its amazing trading services to traders worldwide. 

2. Small trade size

Videforex is one of those brilliant trading brokers that allows you to place trades for just $1. For this reason, newbies and investors like it. 

3. Unlimited trading 

With Videforex, you can open the possibility of unlimited trading throughout the year. It’s an amazing option for busy traders who must create a trading schedule according to their needs. 

4. Multiple funding options 

Videforex accepts multiple payment options. It allows traders to fund their accounts from any part of the world. 

5. Better customer support 

Videforex has created a good reputation in the market for offering professional customer service. One can easily get round-the-clock multi-lingual support without any delay. 

The better customer care service of Videforex distinguishes it from other trading brokers that do not have this effective service. So, register yourself with Videforex and get your issues quickly resolved. 

6. Withdrawal speed 

Videforex has the fastest withdrawal speed. If you are a day trader, you can withdraw money in one hour. The fast and smooth withdrawal speed will impress you.  

7. Trading contests 

This trading broker organizes trading contests and offers weekly contests to the traders. The contests help the traders get a better trading experience, and winners also win attractive rewards. Both beginners and professional traders can take part in these competitions. 

(Risk warning: your capital can be at risk)

Videforex cons (drawbacks)

Despite the number of features and benefits, Videforex has some drawbacks. You must carefully check those drawbacks before getting registered with this trading platform. 

1. Web-based limitations 

If you are a day trader, you need to know that Videforex has sophisticated day trading. This broker limits you to just web-based platforms. So, you can only execute the traders through its website. What’s better is that you can trade through different trading platforms

2. Limited trading tools 

As a trader, you are required to use comprehensive trading tools to increase your chances of winning a trade. But Videforex might disappoint you at this point. As an advanced trading tool, it deprives traders of the opportunity to augment their trading capabilities. 

3. Add-on restrictions

Videforex does not permit its clients to use features like forex expert advisors. In addition, it is incompatible with several tools and indicators. 

Videforex review of the trading platform: 

Videforex is a well-known trading platform that traders can access through three models: iPhone, Android, and PC. Furthermore, traders get advanced trading functionalities and features for binary options and CFD. 

What’s better? Videforex has an easy-to-understand interface, which is suitable for novice traders. This trading broker has a simple interface, including all the elements that traders require for properly trading binary options and CFDs. 

In addition, Videforex has the necessary charting tools. Traders can use these tools to perform the required technical analysis for making accurate trading speculations. It makes Videforex a reliable option for traders who want to step into binary options or CFD trading. 

(Risk warning: your capital can be at risk)

Videforex mobile app

Videforex has a dedicated mobile app that traders can use to access trading services quickly. 

You can quickly initiate trades from anywhere using the mobile version of Videforex. You can also keep yourself updated with the latest trends in the market with real-time feeds. 

You can always use the web-based service if you do not find the mobile app Videforex trading comfortable. This service is also mobile-friendly and relatively easy to use.

Different account types available on Videforex 

Like other trading platforms, Videforex also offers different trading account types to its users. Each trading account has a different minimum deposit amount and features. You can choose one that fits your needs.   

(Risk warning: your capital can be at risk)

Bronze account 

If you are new to binary options trading and want a quality experience, the Bronze account is for you. You need to deposit a minimum of $250 to access this account type. 

With this account, you get some basic features, including: 

  • 24/7 live chat video support 
  • Copy-trading tools 
  • A practical trading account for real-time experience 
  • Instant withdrawal facility

Silver account 

The next account type that Videforex offers is the Silver account. It targets the traders who have gained a good experience in binary options. Silver trading accounts require a minimum deposit of $1000. 

This trading account offers you all the features of the previous trading account and more. To sum up, the benefits that you get include: 

  • You get 24/7 live video chat support 
  • Instant withdrawals within one hour 
  • A practical account for real-time experience 
  • First three risk-free trades 
  • Copy-trading tools 

Gold account 

The last account type, i.e., the Gold account, is for professional traders who want to build a significant career in binary options trading. So, if you are serious about trading, you must choose this account by paying a minimum initial deposit of $3000.

With a Gold account, you can get a 100% bonus. Below is a list of benefits that this account offers: 

  • First three risk-free trades
  • Copy-trading tools 
  • Access to Swiss prepaid card 
  • Master class web sessions 
  • A practical account for real trading 
  • 24/7 live chat video support 
  • Individual account manager 
  • Instant withdrawals 

As you can see, the higher you invest, the better features you get. But if you are a beginner, you must stop yourself from depositing high initial amounts by choosing the Bronze account. 

(Risk warning: your capital can be at risk)

Videforex commissions and brokerage charge    

Traders pay the brokerage or commission charge for selling or purchasing an asset. As Videforex is a trusted platform, it charges a small convenient commission fee. You can consider this charge a fee you pay for trading through the platform. 

Videforex uses a spread to fairly charge traders. However, the spread can vary depending on multiple factors, including liquidity, external market factors, or instruments. There are trading brokers that charge less than Videforex. But it does not make Videforex expensive. 

Remember that choosing a broker that charges too low or high might put you in danger. When a broker charges too little, it might not offer better and more reliable services. Similarly, if a broker charges high, it might sting your profits. So, Videforex seems to be an ideal option. 

Minimum deposit of Videoforex

If you want to register with Videforex, you must pay a minimum deposit of $250. After paying the deposit amount, you can access your trading account with Videforex. Also, you can begin trade with as low as $1. 

What’s better? This trading platform offers a 100% deposit bonus on the first deposit. Before registering with this platform, you must go through the terms and conditions to get a clear idea of how this broker works. 

Not to mention that the minimum deposit amount for CFDs, forex, and binary options are the same. So, you can trade anything. 

(Risk warning: your capital can be at risk)

Leverage available

Like some other trading brokers, Videforex also offers its clients leverage trading. Under the leverage trading process, the traders can borrow capital from the broker to enhance their buying potential. 

The maximum leverage that Videforex offers is 1:100. You can consider this ratio as the number of times your buying power will be multiplied. If you do leverage trading, it will increase your profit earnings. 

However, you need to remember that leverage trading is not risk-proof. That means if you have incorrectly predicted the market, you will lose a huge amount of money. It happens because the fees charged on leverage trading are higher than those for non-leveraged assets. 

For example, if the fees of un-leveraged assets are between 1-2.5%, the fees for leveraged assets could be 5%. 

(Risk warning: your capital can be at risk)

What payment method does Videforex support?

Videforex offers services in multiple countries and supports different payment methods. It is done so traders can quickly initiate a trade from any part of the world. Recently, this platform has also started accepting payments through digital currencies. 

Below is a list of payment methods accepted by Videforex: 

  • Credit cards (VISA/MasterCard)
  • Bank wire transfer 
  • Bitcoin 
  • Litecoin 
  • Altcoins 
  • Ethereum 
  • Skrill 
  • Neteller 
  • Perfect Money

(Risk warning: your capital can be at risk)

Different assets offered by Videforex

Among the available binary options brokers, Videforex is considered to be the best for offering better assets. What’s interesting is that this broker lets clients try new underlying assets so they can make more profit. 

  • 80 stocks types
  • Nine different commodities
  • 15 Currency pairs
  • 13 Types of market indices

While Videforex is new to the market, it offers its clients a huge range of trading assets. It shows that the company is trying its best to offer the traders the most premium facilities. So, if you want to enter the binary market through a broker offering standout financial assets options, choose Videforex. 

Accepted countries by Videforex

Below is a list of countries where Videforex offers its services. 

  • Thailand
  • France 
  • South Africa
  • Australia
  • United Kingdom
  • India 
  • Germany
  • Norway
  • Sweden
  • Kuwait
  • Qatar 
  • Italy 
  • Denmark
  • Saudi Arabia 
  • Luxembourg
  • Singapore
  • Hong Kong

(Risk warning: your capital can be at risk)

Free demo account for beginners 

Traders can use the demo trading account to get real-life trading experience and market knowledge. The demo account by Videforex gets activated after you fund your real trading account with the minimum deposit amount. 

While trading in a demo account, you can develop hands-on experience. You can use this experience for better strategy development and properly understanding the market conditions. After you gain proper confidence with the demo account, you can then start real trading by investing the real money. 

How to open an account with Videforex?

If you want to open an account with Videforex, you can do it in just a few seconds. You need to simply visit the website and enter the details. 

If you have correctly filled in all the information, you will get access to your trading account. Your account needs to be funded through the accepted payment method. 

(Risk warning: your capital can be at risk)

How to use Videforex trading app?

Videforex is a remarkable trading platform that comes with a user-friendly interface. Anyone can use this trading platform without much difficulty. Also, this broker can be operated on different devices, which further adds convenience and limits the hassle. 

Here’s how you can use the app effortlessly. 

Step 1: If you want to use the app, you must create an account with Videforex. For this, you are required to fill in the necessary details and fulfill certain guidelines. It’s recommended that you should check the terms and conditions before registering yourself with Videforex. 

Step 2: You will receive a confirmation message after completing the registration. You will also get the login details to track your performance. 

Step 3: After your successful login, you will get access to different features and tools. You are required to complete the initial deposit process so you can get access to your trading account. You can easily fund your account with any preferred payment option that Videforex accepts. 

Conclusion: Average broker with some benefits!

Videforex is an extraordinary trading broker. It accepts traders from almost all the countries except the USA. It allows the traders access to numerous assets so they can unlock new possibilities in the market. 

Traders also get a chance to use unique tools that increase their chances of winning a trade. Furthermore, the clients of Videforex can participate in the competition and win huge rewards. 

(Risk warning: your capital can be at risk)

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