Videforex Review 2022

3.5
Stop United States not accepted.

Go to the Brokers List for alternatives

Videforex accepts deposits in a range of cryptos and fiat currencies. Payouts reach 95% per trade.

Bonus100% deposit bonus up to $3000
InstrumentsForex, CFDs, indices, shares, commodities, cryptocurrencies, binary options, futures
Demo AccountYes
Min. Deposit$250
Payment Methods
Min. Trade$1
MetaTrader 4No
MetaTrader 5No
cTraderNo
OmniTraderNo
AlgoTraderNo
TradingViewNo
Trading CentralNo
AutochartistNo
eSignalNo
STP AccountNo
ECN AccountNo
DMA AccountNo
MAM AccountNo
PAMM AccountNo
LAMM AccountNo
Demat AccountNo
Mobile AppsYes
Margin TradingYes
Volatility IndexNo
Spot TradingYes
Perpetual SwapsNo
ELWsNo
REITsNo
AI / Machine LearningNo
Robo AdvisorNo
P2P TradingNo
Negative Balance ProtectionYes
VPS HostingNo
TournamentsYes
Demo CompetitionsNo
Managed AccountsNo
Market MakerNo
Auto TradingYes
Social TradingYes
Copy TradingYes
Trade SignalsYes
Islamic AccountNo
Account Currencies
  • USD
  • EUR
  • GBP
Guaranteed Stop LossNo
Stock Exchanges
  • Australian Securities Exchange
  • Bombay Stock Exchange
  • CAC 40 Index France
  • DAX GER 40 Index
  • FTSE UK Index
  • Hang Seng
  • Nasdaq
  • National Stock Exchange Of India
  • Shanghai Stock Exchange
  • Tadawul
Commodities
  • Coffee
  • Gold
  • Oil
  • Platinum
  • Silver
  • Sugar
CFD TradingA suite of contracts for difference are available across popular markets with up to 1:500 leverage.
CFD FTSE SpreadFloating from 0.2
CFD GBPUSD SpreadFloating from 0.1
CFD Oil SpreadFloating from 0.05
CFD Stocks SpreadVariable
CFD Leverage1:500
Forex TradingVideforex offers leveraged trading on major, minor and exotic currency pairs.
Forex GBPUSD SpreadFloating from 0.1 pips
Forex EURUSD SpreadFloating from 0.1 pips
Forex EURGBP SpreadFloating from 0.1 pips
Forex Assets35
Crypto TradingStart leveraged trading on cryptos against fiat currencies and other alt coins.
Crypto SpreadFloating
Crypto LendingNo
Crypto StakingNo
Crypto MiningNo
Crypto Auto Market MakerNo
Crypto Coins
  • BCH
  • BTC
  • DSH
  • EOS
  • ETC
  • ETH
  • IOT
  • LTC
  • OMG
  • SAN
  • XMR
  • XRP
  • ZEC
Binary OptionsVideforex offers beginner-friendly binary options on forex, cryptos, stocks and commodities. New joiners can also claim a $3000 welcome bonus.
Payout Percent85%
Expiry Times30 seconds - 1 month
Ladder OptionsNo
Boundary OptionsNo
Risk Warning – Your capital is at risk

Videforex offers its own proprietary financial trading software and platform suitable for day traders of all levels of expertise. This article provides a comprehensive broker review, from accounts and fees to platforms and regulations. After considering the benefits and risks, we will conclude whether Videforex makes the top day trading brokers list.

A Brief History

Since its launch in 2017, the popularity of the CFD, forex, and binary options broker Videforex has grown. The company behind this brokerage, Involva Corp, is also in charge of BinaryMate. The firm is dedicated to protecting its traders’ funds and devoted to the safety of investors.

Minimum Initial Deposit

Videforex requires an industry average deposit of $250 for new trading accounts. They also give up to a 100% deposit match bonus on any first deposit (check the T&Cs before using it). Whether you’re day trading forex, CFDs, or binary options, the bonus requirements are the same.

Spreads & Commissions

With Videforex, a spread is usually charged. The spread is dynamic for particular instruments. It will take liquidity and external markets for the underlying financial instrument into account.

They are not necessarily the cheapest broker on the market and by no means the most expensive, meaning you can avoid the brokers whose fees are so low you pay the price in poor executions and the more expensive platforms that cut into your profits.

Videforex binary options trading
Binary options trading interface

Leverage

Videforex offers leveraged trading. This effectively allows you to borrow money to strengthen your position. Importantly, it can significantly increase your profit potential. However, it also has the risk of magnifying losses.

The company restrict all customers by default to a maximum multiplier of 1:500, in line with legislation. In addition, a customer’s loss is limited to their original investment amount, so the remaining amount of equity is protected.

Videforex charges a commission for opening an unleveraged cryptocurrency CFD position. This could be anywhere from 1 to 2.5% of the transaction. Opt for leveraged CFD cryptocurrency positions, and the fee could climb to 5%.

Other Trading Fees

The platform charges a swap fee of 0.07% of the face value of the position to hold a position overnight. There is no maintenance or registration charge when you sign up for an account. However, if you do not make at least one trade a month, you will be charged $10.

Videforex Trading Platform

As customer reviews of Videforex highlight, one of the unique features of this online broker is that they have chosen to design and create their in-house trading platform. Whilst many will be used to the MetaTrader 4 (MT4) platform, there are certain advantages to the approach taken by Videforex:

Videforex web trading platform
Web trading platform

Day trading on the platform is straightforward for both beginners and experienced investors. It has been specifically 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.

The sleek system makes selecting your financial instrument a hassle-free process. You can get to your choice of currency pairs, commodities, and indices with just a few clicks. Plus, you have access to cryptocurrency pairings and fixed return options.

A useful extra feature is social trading, also known as ‘copy trading.’ This allows you to learn from experienced and successful traders, enabling you to copy the trades of high-earning investors.

Mobile App Review

The Videforex mobile app is a powerful trading solution for iOS and Android devices. It offers a full suite of tools and features and is an excellent supplement to the desktop solution. The broker’s complete range of assets is available, from cryptos and stocks to binary options and forex. Full account management and copy trading are also available.

Videforex trading app
Trading app

Deposits & Withdrawals

If you’re using Videforex from the UK, Europe, or anywhere else, you can deposit and withdraw money conveniently. They have also embraced the world of digital currencies, so you can use any of the following methods:

Videforex Accounts

The amount you deposit will depend on which account type you are eligible for:

As you can see, the greater your initial capital, the more day trading help you will receive.

Videforex login review features

Demo Account

Once you have made a deposit, you gain access to a Videforex demo account. This is the ideal place to develop a strategy and get familiar with market conditions using simulated money. Then, when you are confident, you can start putting real capital on the line.

Using practice accounts like the one offered by Videforex remains one of the top day trading tips for beginners.

Additional Features

Trading Contests

One of the most exciting features is the weekly contests. There is no entry cost, and twenty winners are listed each week. Both beginners and experienced traders can compete, as all accounts automatically participate. The best part is the $20,000 prize fund.

Weekly day trading contest VideForex.com

Safety & Security

As cybercrime is on the rise and online scams prevalent, trusting your broker with your confidential data is paramount. Fortunately, security at Videforex is a priority.

They use a 3D secure money transfer and SSL certified 256-bit funds processing. Payments are also verified by Visa and MasterCard using a one-time code.

Regulation & License

The company is licensed by the Finance Group Corp, which is located at the 2nd Floor, Transpacific Haus, Lini Highway, Vanuatu. It’s worth noting this means Videforex is not regulated by CFTC, like most US brokers, which is why you can’t partake in day trading with Videforex if you are from the USA.

Benefits

Advantages of trading with Videforex include:

Drawbacks

Downsides to investing with Videforex include:

Videforex Trading Hours

You can day trade binary options, forex, and CFDs 24/7. Not every online broker offers this, making Videforex a good fit for those with limited time or changing schedules. Quite simply, it ensures entering a position on the way to work, before bed, or late on a Sunday evening will always be an option.

Customer Support

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.

Contact options include:

You can also contact the company that operates Videforex, Involva Corp (registration number: 104693). Their address is Trust Company Complex, Ajeltake Road, Ajeltake Island, Majuro, Marshall Islands, MH96960.

Verdict

If you are looking for the best online day trading brokers, Videforex deserves a look. It has tempting weekly contests, promo codes, a bespoke trading platform, plus live video support. In addition, with several online trading accounts, straightforward setup and use, this broker is an attractive proposition for both beginners and experienced investors. Keep in mind though, Videforex is unregulated, and we always recommend caution before trading with unlicensed providers.

Accepted Countries

Videforex accepts traders from Australia, Thailand, United Kingdom, South Africa, Singapore, Hong Kong, India, France, Germany, Norway, Sweden, Italy, Denmark, United Arab Emirates, Saudi Arabia, Kuwait, Luxembourg, Qatar and most other countries.

Traders can not use Videforex from United States, Canada.

Compare Videforex

Compare Videforex with similar brokers that accept traders from your location. Among available brokers these are the most similar to Videforex:

  1. InstaForex – InstaForex is a CFD broker providing access to forex, stocks, cryptocurrencies, commodities, energies, indices, and more. With competitive fees and a huge range of available assets, the brand offers safe and reliable trading.
  2. World Forex – World Forex offers commission-free trading with a $1 minimum deposit and 1:1000 leverage. Digital contracts are also available, offering beginners a straightforward way to speculate on popular financial markets.
  3. Pocket Option – Pocket Option is a global binary options broker with a sleek proprietary trading platform and competitive range of assets.
  4. Quotex – Quotex offers a proprietary web platform that has digital options and trading signals.

Videforex Comparison Table

Compare Videforex With Similar Brokers
Videforex InstaForex World Forex Pocket Option Quotex
Rating 3.5 4.1 4.2 4.4
Markets Forex, Stocks, Commodities, Crypto Forex, Stocks, Commodities, Crypto Forex, Stocks, Commodities, Crypto Stocks, Commodities, Crypto Forex, Stocks, Commodities, Crypto
Demo Account Yes Yes Yes Yes Yes
Minimum Deposit $250 $/€1 $1 $50 $10
Minimum Trade $1 0.01 Lots 0.01 Lots $1 $1
Regulators BVI FSC SVGFSA IFMRRC
Bonus 100% deposit bonus up to $3000 30% – 100% Welcome Bonus 100% Deposit Bonus 50% deposit bonus 30% deposit bonus
Education No No No No No
Platforms MT4, MT5 MT4, MT5 MT5
Leverage 1:500 1:1000 1:1000
Payment Methods 8 11 10 25 10
Detailed Comparison Videforex vs InstaForex Videforex vs World Forex Videforex vs Pocket Option Videforex vs Quotex
Visit
Review Videforex
Review
InstaForex
Review
World Forex
Review
Pocket Option
Review
Quotex
Review

Compare Trading Instruments

Compare Videforex Trading Instruments
Videforex InstaForex World Forex Pocket Option Quotex
Binary Options Yes Yes Yes Yes Yes
Expiry Times 30 seconds – 1 month 1 minute – 1 month 1 minute – 7 days 1 minute – 4 hours 1 minute – 4 hours
Ladder Options No No No No No
Boundary Options No No No No No
CFD Yes Yes Yes No No
Forex Yes Yes Yes No Yes
Stocks Yes Yes Yes Yes Yes
Commodities Yes Yes Yes Yes Yes
Oil Yes Yes Yes No Yes
Gold Yes Yes Yes No Yes
Copper No No No No No
Silver Yes Yes Yes Yes Yes
Corn No No No No No
Crypto Yes Yes Yes Yes Yes
Futures Yes Yes No No No
Options No No No No No
ETFs No Yes No No No
Bonds No No No No No
Warrants No No No No No
Spreadbetting No No No No No
Volatility Index No No No No No

Videforex vs Other Brokers

Compare Videforex with any other broker by selecting the other broker below.

Videforex vs

FAQ

Does Videforex Offer Any Sign Up Bonuses?

Yes, Videforex offers the following first deposit bonuses: 20% on $250, 50% at $1,000, and 100% at up to $3,000.

Does Videforex Have An Inactivity Fee?

If you fail to make at least one trade a month, Videforex charges a $10 fee.

Does Videforex Have A Demo Account?

Yes, but you need to make a deposit first and contact customer support to get your demo account credentials.

Can I Use Videforex In The US?

No, the broker isn’t regulated or licensed to operate in the US.

Is Videforex Regulated?

No – the firm is not regulated by a reliable financial agency. As a result, it can offer higher leverage rates up to 1:500.

Videforex accepts deposits in a range of cryptos and fiat currencies. Payouts reach 95% per trade.