Videforex Review 2020
Videforex broker is an unregulated trading broker that offers a very limited range of Forex, CFDs and Options for trading online. They do not have the popular MetaTrader trading platform and there are no educational resources or additional trading tools provided to assist traders. They do however have a variety of useful trading account funding options.
Videforex Review 2020, Pros & Cons
- Variety of funding options
- Copy trading option
- Live video chat support 24/7
- Unregulated broker
- Limited trading assets
- No MetaTrader platform
- No educational resources
- Spreads & fees
- No US traders allowed
- No additional trading tools
- Minimum $250 deposit
In this detailed Videforex review, our online broker research team have covered some of the most important aspects for you to consider when choosing the best broker for your online trading needs.
Videforex is not ranked in our best forex brokers, best stock brokers, best cfd brokers, best crypto brokers or best online brokers categories. You can use our free broker comparison tool to compare online brokers including Videforex.
Videforex Review: Summary
Videforex is an online broker that provides forex and CFD trading to clients across the globe. They have around 100 assets for trading on multiple devices using the free trading platforms that they offer. The broker was founded in the Seychelles in 2016 and is unregulated, with limited trading instruments and a lack of trading tools. There are no educational materials provided for traders whilst spreads and fees are not the lowest. We would consider looking for another trading broker with a more complete offering.
Videforex Review: Regulation
Videforex broker is located in the Seychelles and is not regulated. We would only trade online with a regulated broker as they provide account protection that unregulated brokers cannot. You can see a list of our best online brokers who are regulated.
Videforex Review: Countries
Videforex nor its agents or partners are not registered and do not provide any services on the USA territory. Some Videforex broker features and products mentioned within this Videforex review may not be available to traders from specific countries due to legal restrictions.
Videforex Review: Trading Platforms
Videforex provides its clients with an advanced platform for Options and CFD trading that includes live video chat. The platform is available in three versions: Web, Android and iPhone. The mobile trading platforms enables traders to stay connected with the global markets and never miss a trading opportunity whilst on the go from anywhere in the world with an internet connection. Some of the Videforex trading platforms benefits include:
- CFD & Options trading
- Real time price feeds
- Direct deposit & withdrawal via APP
- Account & portfolio access
- Allows for instant execution of trades
- Shows live charts of every option available on the platform
- Enables traders to view their entire trade history
- Free to use
Videforex Review: Trading Tools
Videforex do not offer additional trading tools although there is a copy trading option.
The copy trading service is designed for traders who want to trade automatically without manual trades. To get started, you need to fund your account and on the trading platform press copy trading, then choose a trader to copy trades from. It should be strongly emphasised that there are no guarantees with the results from copying trading signals.
Videforex Review: Education
Unfortunately, Videforex broker do not have any educational materials to support traders which is disappointing. Most online brokers would have some tutorial videos, trading guides and other learning resources to help traders improve their trading knowledge and skills.
Videforex Review: Trading Instruments
Videforex broker has a limited choice of around 100 CFD and Options for trading online including:
- 25+ Forex Currency Pairs including major and minor FX currencies.
- 17+ Crypto Pairs including Bitcoin, Bitcoin Cash, Ethereum, Litecoin, Ripple, Dashcoin, Monero, Santiment, Zcash, EOS, IOTA
- 2 Metal Spot CFDs based on Gold & Silver
- 4 Stock BOs based on shares of German companies
Videforex Review: Trading Accounts & Fees
Videforex broker provides a variety of different trading accounts to suit individual traders needs. The more that is invested in this broker, the greater the benefits. We are not big fans of this policy as we prefer that traders of all experience levels and investment sizes are given the same benefits. All accounts get 24/7 live video chat support, withdrawals in 1 hour and the copy trading tool.
Demo accounts are also provided if you wish to test the brokers products and services before opening a live account. These accounts are loaded with virtual funds and allow you to practice your forex trading strategies without risking real money.
- Bronze: Deposit from $250, basic features
- Silver: Deposit from $1,000, basic features plus master class (web session)
- Gold: Deposit from $3,000, basic features plus master class (web session) and personal success manager
As broker fees can vary and change, there may be additional fees that are not listed in this Videforex review. It is imperative to ensure that you check and understand all of the latest information before you open a Videforex broker account for online trading.
Videforex Review: Customer Service
The broker has live video chat support 24/7. You can write to them by filling up the contact form and the support team will get in contact with you. They also have a choice of international telephone numbers available in different languages with a call back option on the website.
Videforex Review: Deposit & Withdrawal
Videforex broker supports a choice of fast and reliable transfers with SSL certified 256-bit secure processing, including credit cards (VISA/MasterCard), Bank wire transfer, Bitcoin, Ethereum, Litecoin, Altcoins, Neteller, Skrill and Perfect Money.
Funding can be instant whilst withdrawals can take up to 1 hour. There is a 5% transfer fee for card payment but no charges from the broker for other methods although you should check if third party providers have any additional fees. During weekends and public holidays, funding time may be delayed.
For security reasons, identification of the client is required for all withdrawals, regardless of the withdrawal amount. The minimal amount allowed for withdrawal is $50.
Videforex Review: Account Opening
There is a short online form to complete to apply for a Videforex broker account. It takes just a few minutes to complete and requires that you enter your personal details to gain access to the trading platforms. You will immediately receive your trading account and the tools you need for trading online with Videforex.
Videforex Review: Conclusion
We consider Videforex to be a limited online trading broker. The lack of regulation is a big red flag for us and they do not offer the popular MetaTrader platform. The assets available to trade are limited but they do offer Options trading. There is a variety of convenient payment methods but no educational resources to help inform traders. Overall, we believe that there are many more regulated and established trading brokers with a broader range of services that are worth considering over Videforex.
The financial services provided by this website carry a high level of risk and can result in the loss of all of your funds. You should never invest money that you cannot afford to lose. 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.