The lack of regulation poses a significant risk for traders who choose to trade with Videforex. There is no guarantee that the broker will honor its obligations, process withdrawals, or safeguard client funds. There is also no recourse or legal protection for traders in case of any disputes or problems with an offshore broker. Furthermore, there is no way to verify the legitimacy, credibility, or reputation of the broker. Since its launch in 2017, the popularity of the CFD, forex, and binary options broker has grown.
Quick and easy to get account set up…
The bonus usually compensates traders for choosing a certain broker, since once the account is active, the trader will have the same expenses as any other. The bonus usually only starts giving some expenses back to the trader once the person has proved himself as an active trader. Upon exploration of the https://traderoom.info/ website, there is no information provided with regards to spreads or commissions that are charged.
Been waiting on a withdrawal since June…
Over the past five years, he has gained experience trading currencies, stocks, options, and futures. Theo’s trading experience led him to test out over one hundred different trading services and he shares his insights in reviews to help other traders. All in all, Videforex has a few shining features, although these have a mixed audience, based on our Videforex review above. Videforex may be more suitable for experienced and successful traders, thanks to the high minimum deposit, and lack of education and guidance. All three account types are treated with a copy trading tool. There are no additional details regarding this tool on the broker’s website, so we’re going to assume that it is built into the trading platform as standard.
Initial Deposit
I just want my money back at this point, this is just a waste of time. I’ve tried my fair share of trading platforms, but this one is the real deal. No more banging your head against the wall waiting for answers.The interface? They’ve got it laid out so even your grandma could figure it out. Cash withdrawals are faster than you can say ‘show me the money.’Oh, and if you’re into some friendly competition, their trading contests are where it’s at.
Payment Methods
- In addition to that, the customers’ feedback from dealing with live accounts doesn’t seem to be anywhere close to neutral even.
- When it comes to withdrawal, traders can use all the major payments methods mentioned above.
- We found that the broker’s customer service to be one of the best in the industry, and traders can be further elated by the presence of an actual human being answering their queries in real time.
- The company’s forgotten password process is straightforward and customers can follow their profiles on social media, such as Twitter and Instagram for live updates.
The app’s direct deposit and withdrawal functionality has also streamlined my trading process. It’s not a major issue but it does require some time to get accustomed to. A good broker constitutes a good service for traders in terms of many criteria including trading instruments, deposits and withdrawals, as well as customer support. What is good for a certain trader does not necessarily mean the same thing to you.
You may also fill out the form on the “Contacts” page to give them your query or complaint. Once your form has been submitted, a customer service representative will contact you through email. VideForex is a registered financial company in Seychelles, but there is no information about its regulatory status with the Seychelles Financial Services Authority. On the contrary, some of the other FGC entities have branches in the UK and other EU nations, which means that there is a reason to trust the broker for offering a legitimate brokerage service.
We aim to help you find the best broker according to your own needs. Trading Brokers Trading Brokers is dedicated to bringing you unbiased broker reviews, the latest broker news and trading guides to help you along your trading journey. We have over 20 years of experience when it comes to trading online so we know what to look for. I like that the potential returns at Videforex are higher than binary platforms I’ve tried in the past. But to get a decent welcome bonus you really need at least a Silver account which needs a $1000 deposit and more than I could afford.
We only recommend trading with an authorised company, and we would not endorse any broker that does not provide a registered address and proof of regulation. VideForex is transparent about its registration details and company information, thereby allowing us to have confidence in the company for offering an excellent quality financial product. The sleek system makes selecting your financial instrument a hassle-free process.
Traders are issued with top trading tools, personal account managers, and advanced market analysis. What we loved most about videforex’s customer service is their modern video chat feature. When it comes to withdrawal, traders can use all the major payments methods mentioned above. VideForex imposes a fee of up to $50 for all bank wire transfers. Been waiting on a withdrawal since June 2022 I have over 6k sat in an account and they keep rejecting all my withdrawals claiming I’m in a queue and they can’t tell me when il receive the money.
Trading on the platform is straightforward for both beginners and experienced investors. It has been engineered to retain usability while offering a variety of sophisticated tools and resources many day traders require. For example, in-depth investing tutorials can walk newbies through the platform. Regulation is essential and is among the metrics that traders should use to gauge a given broker reputation.
Videforex offers 24/7 trading on popular markets, including forex, commodities, and cryptocurrencies. The broker also offers guaranteed withdrawals in less than an hour and live video support to assist users. Our review of Videforex was disappointed to see limited additional resources for traders. A basic trading tutorial is published on the broker’s website, topics include how to trade CFDs and how to trade binary options. However, there is no economic calendar, live market news streams, or trading updates which are provided by most good brokers. The Bronze account requires the lowest deposit of $250 or equivalent currency.
Quick deposits and withdrawals are facilitated through leading payment processors such as e-wallets, credit/debit cards, and cryptocurrency wallets. The broker adopts secure payment channels for the best in funds safety and holds all clients’ money in top European bank accounts. VideForex customer service in this VideForex review is pretty much the only thing that me a bit exceptional from other brokers, where the broker here offers live video chat customer support. Where the conversation may last with an agent for a while but then the system requires you to log in or register to continue. There is an option to have a group chat or a private chat with the agent.
Regular CFD & Options trading, as well as direct deposit and withdrawal, are all available through the app. This app is completely free, and you can get it on the Google Play Store for Android and the Apple App Store for iPhone. The VIDEFOREX trading platform is designed to the objectives of investors and traders of all levels from across the globe. Nonetheless, this worldwide brokerage firm’s services are banned in the United States and a few Asian and European areas. Oddly enough, VideForex does not show bank wire transfer in the list of accepted withdrawal methods, but this could just be an oversight.
Copy trading is a tool for beginners and those who wish to trade automatically rather than manually. Despite having a large number of assets to pick from, VIDEFOREX goes above and beyond by allowing its customers to copy-trade their other successful clients. You’ll be able to check VIDEFOREX top 10 traders and their profit percentages over the last several months. You may set a certain investment amount with any of the top traders and wait until you are pleased with your profit.