Videforex Review 2023
- DayTrading Review Team
Newer traders will find a lot to enjoy about trading binary options on Videforex's easy-to-use proprietary platform, as well as the broker's copy trading solution. Payouts are also higher than most alternatives climbing to 98%.
Videforex offers access to stock, index, crypto, forex and commodities markets via binary options and CFDs. The proprietary platform, mobile app and integrated copy trading are user-friendly and will suit new and casual traders, and the market analysis tools and trading contests provide good ways to improve your trading skills.
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Binary Options Trading
Videforex binary options are available from 20% payouts on crypto up to 98% payouts on less volatile assets, beating many competitors. A wide range of contract lengths are also supported from 5 seconds up to 1 month. New users will appreciate the welcome deposit bonus.
Trade 35 major, minor and exotic forex pairs through CFDs with floating spreads from 0.1 pips. Alternatively, binary options allow you to speculate on rising and falling prices with a fixed stake and payout.
Trade binary options and CFDs on global stocks from US, European, Russian and Asian exchanges, as well as 37 indices covering a wide range of global markets. The access to stocks trumps many binary options brokers.
Videforex CFDs are available on forex, indices, cryptocurrencies and commodities with up to 1:500 leverage and tight spreads from near zero. CFDs incur a commission fee of 1%–2.5% and up to 5% for leveraged trades.
Traders can speculate on crypto prices in pairs with USD and CNY through binary options and CFDs. The range of digital currencies is fairly narrow vs alternatives but major tokens like Bitcoin are available.
Videforex offers an integrated copy trading service where users can automatically or manually replicate the positions of other traders. Simply choose a trader and asset class and specify the investment amount.
- You can enter positions with just ¢0.01
- You can trade every day and through the weekends
- Mirror the trades of experienced investors with low fees
- Withdrawals are usually processed within one hour
- Earn up to 98% payouts on 100+ assets with the broker’s binary options
- The firm facilitates day trading and binary options for global customers
- Videforex regularly runs trading contests, offering great practice and cash prizes
- The support time are fast and reliable. Very few brokers offer 24/7 multi-lingual video support
- Videforex offers transfers via a wide range of payment types, from credit cards to cryptocurrencies
- No MetaTrader 4 integration
- The broker isn’t overseen by a trusted regulatory agency
- US clients aren’t accepted due to legal restrictions
Videforex offers its own proprietary platform for trading binary options and CFDs. Traders can earn up to 98% payouts speculating on the price direction of 100+ assets. This 2023 review of Videforex unpacks the broker’s accounts, fees, promo codes, and mobile app. Our beginner-friendly tutorial also explains how to place a trade on the Videforex platform.
Since its launch in 2017, the popularity of the CFD, forex, and binary options broker has grown. 4000+ client accounts have been opened and the brokerage has processed close to $500,000 in withdrawals.
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.
The company behind the brokerage, Involva Corp, is registered in the Marshall Islands.
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 MetaTrader 4 (MT4), there are advantages to the approach taken by Videforex:
- By not using a third-party platform, they can ensure both the quality and reliability of their online service
- The broker knows what is happening on their platform at all times. This can streamline the querying process and ensure any problems and glitches can be fixed swiftly
- Videforex can regularly update the platform to improve the user experience. For example, in 2023 the brand added a new technical analysis design, fresh time intervals on OTC assets (5, 15 and 30 seconds), and new investment size buttons ($5, $10 or all-in), among other features.
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. Both tick and candlestick charts are also available.
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.
Clients can also select the ‘Live Trades’ tab in the left-hand side of the platform to view the top traders for a particular asset. By clicking on the pages icon on the right, users can copy traders by simply specifying the size of the investment.
How To Trade
It’s quick and easy to open a binary options trade on the Videforex platform:
- Login to the web-based trading platform through the broker’s site
- Select an asset from the menu in the top left of the platform
- Choose an option type – turbo, intraday, long-term
- Select an expiry time
- Decide how much you want to stake/invest
- Review the payout percentage and amount
- Click ‘Up’ if you think the price will rise
- Click ‘Down’ if you think the price will fall
- Wait for the contract to expire
Markets & Instruments
Videforex offers binary options and leveraged CFDs on major, minor and exotic currency pairs, a dozen cryptos including Bitcoin, plus commodities like gold. You can also trade major indices like the Dow Jones 30, S&P 500, and FTSE 100 (CFDs only).
The broker’s binary options offer payouts of between 20% (cryptos) and 98% (OTC currency pairs). 2023 also saw Videforex expand its suite of OTC assets with payouts up to 95% and trading opportunities on popular global markets. Expiry times range from 5 seconds up to 1 month. Clients simply need to decide whether the price of an underlying asset will rise or fall. Potential payouts and losses are fixed before the investor opens the trade.
Spreads & Commissions
With Videforex, a spread is usually charged on CFD positions. 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.
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 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 addition, a customer’s loss is limited to their original investment amount, so the remaining amount of equity is protected.
When we used Videforex, we found there is 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 can climb to 5%.
Mobile App Review
The Videforex mobile app is a user-friendly trading solution for Android devices. It offers a full suite of tools and features and is a good supplement or alternative 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. In addition, users can view their trading history, make deposits and withdrawals, and execute orders at the click of a button.
Deposits & Withdrawals
If you’re using Videforex from the UK, Europe, or anywhere else, you can deposit and withdraw money through popular payment options. The broker also accepts digital currencies, so you can use any of the following methods:
- Credit cards (Visa/Mastercard)
- Perfect Money
When we used Videforex, we found that deposits are processed instantly while withdrawals can take up to one hour.
Note, there is a 5% transfer fee with Visa and Mastercard.
Videforex requires a starting deposit of $250 for new trading accounts. They also give up to a 20% to 200% deposit bonus on any first deposit and account.
Promo terms and conditions are available on the broker’s website. Whether you’re day trading forex, CFDs, or binary options, the bonus requirements are the same.
The amount you deposit will depend on which account type you are eligible for:
- Bronze – The minimum deposit is $250. With this account, you benefit from withdrawals in one hour, 24/7 live video chat support, a 20% first deposit bonus, a demo account option, plus their copy trading tool.
- Silver – To qualify for the silver account, you must deposit a minimum of $1,000. You will then receive all the Bronze features, plus three risk-free trades, a 50% first deposit bonus, and a master class web session.
- Gold – This requires a minimum deposit of $3,000. You will gain all the Silver features, plus a first deposit bonus of up to 100%, and a personal success manager.
Another perk is the Rollover tool which lets traders increase positions up to 100% of the selected timeframe on the first use. All following uses can be extended up to 30%.
There is a charge for the Rollover service at $1 = 1 rollover. However, our team liked that free rollovers can be offered depending on the deposit and account type.
Videforex 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.
One of the best features of Videforex 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.
There is a $20,000 prize fund.
Videforex also offers several additional trading tools. This includes an economic calendar, market news and technical analysis. Easy to digest for beginners, these can help investors find opportunities and time trades.
Safety & Security
As cybercrime is on the rise and online scams prevalent, trusting your broker with your confidential data is important.
Videforex uses 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 & Licensing
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.
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.
Customer Support & Help
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:
- Thai – 02-21345671
- Chinese – 3-395-0396
- English – +1-829-9476393
- Russian – +7-499-7033774
- Singapore – 965-65425142
- Australia – 61-8-5550-7288
- Email – support@Videforex.com
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.
Videforex 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.
Videforex accepts traders from Australia, Thailand, Canada, United States, 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.
|AI / Machine Learning||No|
|Negative Balance Protection||Yes|
|Guaranteed Stop Loss||Yes|
CFD Trading Details
|FTSE Spread||Floating from 0.2|
|GBPUSD Spread||Floating from 0.1|
|Oil Spread||Floating from 0.05|
Forex Trading Details
|GBPUSD Spread||Floating from 0.1 pips|
|EURUSD Spread||Floating from 0.1 pips|
|EURGBP Spread||Floating from 0.1 pips|
Cryptocurrency Trading Details
|Crypto Auto Market Maker||No|
Binary Options Trading Details
|Expiry Times||5 seconds – 1 month|
Compare Videforex with similar brokers that accept traders from your location. Among available brokers these are the most similar to Videforex:
World Forex – World Forex is an offshore broker registered in St Vincent and the Grenadines, offering 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.
Go to World Forex
IQCent – IQCent is an offshore binary options and CFD broker based in the Marshall Islands with 10+ payment methods and a low $50 starting deposit. With 100+ assets, around the clock trading and high payouts the brand is popular with aspiring traders.
Go to IQCent
RaceOption – RaceOption is a binary options broker operating from the Marshall Islands. With over 1,500 clients, the broker aims to offer fast funding, low fees and a secure trading environment. Traders can access over 100 binary options and CFDs, plus copy trading and weekly prizes.
Go to RaceOption
Videforex Comparison Table
|Markets||Binary Options, CFDs, Forex, Indices, Commodities, Crypto||Forex, CFD Stocks, Metals, Energies, Cryptos, Digital Contracts||Binary Options, CFDs, Forex, Stocks, Indices, Commodities, Crypto||Binary Options, CFDs|
|Minimum Trade||$0.01||0.01 Lots||$0.01||$0.01|
|Bonus||20% to 200% Deposit Bonus||100% Deposit Bonus||20% to 200% Deposit Bonus||20% – 200% Deposit Bonus|
Compare Trading Instruments
Compare the markets and instruments offered by Videforex and its competitors. Please note, some markets may only be available via CFDs or other derivatives.
|Expiry Times||5 seconds – 1 month||1 minute – 7 days||5 seconds – 30 days||5 seconds – 30 days|
Videforex vs Other Brokers
Compare Videforex with any other broker by selecting the other broker below.
The most popular Videforex comparisons:
Does Videforex Offer Any Sign Up Bonuses?
Yes, Videforex offers deposit bonuses between 20% and 200% depending on your account type.
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 offers access to stock, index, crypto, forex and commodities markets via binary options and CFDs. The proprietary platform, mobile app and integrated copy trading are user-friendly and will suit new and casual traders, and the market analysis tools and trading contests provide good ways to improve your trading skills.|