Videforex Review 2023

/ 5
Videforex is #4 in our binary options broker rankings.

Videforex accepts deposits in a range of cryptos and fiat currencies. Payouts reach 98% per trade.

Demo Account

Copy Trading

Bonus Offer

Trade Signals
Binary Options, CFDs, Forex, Commodities, Indices, Cryptos
20% to 200% Deposit Bonus
Bitcoin Payments, Neteller, Credit Card, Skrill, Perfect Money
and 3 more

Binary Trading

Videforex offers beginner-friendly binary options on forex, cryptos, and commodities. New joiners can also claim a deposit welcome bonus.

Forex Trading

Videforex offers leveraged trading on major, minor and exotic currency pairs.

Stocks Trading

Videforex offers trading on major exchanges such as the FTSE.

CFD Trading

A suite of CFDs are available across popular markets with high leverage.

Crypto Trading

Start trading on cryptos against fiat currencies and other alt coins.

Copy Trading

Videforex offers an integrated copy trading service where users can automatically or manually replicate the positions of other traders.

✓ Pros

  • Demo account
  • Copy trading
  • Full range of investments

✗ Cons

  • No MT4 integration
  • Weak regulatory oversight

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.

About Videforex

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.

Trading Platform

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:

VideForex Web Platform

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.

Top Traders to follow at VideForex

How To Trade

It’s quick and easy to open a binary options trade on the Videforex platform:

  1. Login to the web-based trading platform through the broker’s site
  2. Select an asset from the menu in the top left of the platform
  3. Choose an option type – turbo, intraday, long-term
  4. Select an expiry time
  5. Decide how much you want to stake/invest
  6. Review the payout percentage and amount
  7. Click ‘Up’ if you think the price will rise
  8. Click ‘Down’ if you think the price will fall
  9. Wait for the contract to expire

Binary options trading guide on VideForex

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 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 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.

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 through popular payment options. The broker also accepts digital currencies, so you can use any of the following methods:

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.

Minimum Deposit

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.

Trading Accounts

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

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.

Additional Features

Trading Contests

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.

Weekly day trading contest

Market Analysis

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.

Videforex market analysis

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.

Benefits Of Videforex

While using Videforex, our experts found several advantages:

Drawbacks Of Videforex

Downsides to investing with Videforex include:

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.

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:

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 Verdict

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.

Accepted Countries

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.

Payment Methods

Videforex Details

Minimum Trade ¢0.01
Islamic Account No
Mobile Apps Android
Margin Trading Yes
Volatility Index No
Spot Trading Yes
Perpetual Swaps No
AI / Machine Learning No
Robo Advisor No
P2P Trading No
Negative Balance Protection Yes
VPS Hosting No
Tournaments Yes
Demo Competitions No
Managed Accounts No
Market Maker No
Auto Trading Yes
Social Trading Yes
Trade Signals Yes
Inactivity Fee $10
Guaranteed Stop Loss Yes
Stock Exchanges
  • Dow Jones
  • FTSE UK Index
  • Hong Kong Stock Exchange
  • IBEX 35
  • Nasdaq
  • S&P 500
  • SIX Swiss Exchange
  • Copper
  • Gold
  • Oil

CFD Trading Details

FTSE Spread Floating from 0.2
GBPUSD Spread Floating from 0.1
Oil Spread Floating from 0.05
Stocks Spread NA
Leverage 1:500

Forex Trading Details

GBPUSD Spread Floating from 0.1 pips
EURUSD Spread Floating from 0.1 pips
EURGBP Spread Floating from 0.1 pips
Assets 35

Cryptocurrency Trading Details

Crypto Spread Floating
Crypto Lending No
Crypto Staking No
Crypto Mining No
Crypto Auto Market Maker No
Crypto Coins
  • BNB
  • BTC
  • DOGE
  • ETH
  • SOL
  • UNI
  • USDT
  • XMR
  • XRP

Binary Options Trading Details

Payout Percent 98%
Expiry Times 5 seconds – 1 month
Ladder Options No
Boundary Options No

Compare Videforex

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

  1. Binarium – Binarium is an unregulated, global binary options broker with a range of financial markets, account types and base currencies on offer.
    Go to Binarium
  2. IQCent – IQCent is an offshore binary options and CFD broker with 10+ payment methods and a $50 minimum deposit. Clients benefit from copy trading tools and in-depth market analysis.
    Go to IQCent
  3. RaceOption – RaceOption is a binary options and CFD platform offering trading contests and prize giveaways.
    Go to RaceOption

Videforex Comparison Table

Compare Videforex With Similar Brokers
Videforex Binarium IQCent RaceOption
Rating 3.5 2.6 3.7 3.5
Markets Binary Options, CFDs, Forex, Commodities, Indices, Cryptos Forex, Stocks, Crypto CFDs, Binary Options, Forex, Stocks, Indices, Commodities, Cryptocurrencies Binary Options, CFDs
Demo Account Yes Yes Yes Yes
Minimum Deposit $250 $5 $50 $250
Minimum Trade ¢0.01 $1 $0.01 ¢0.01
Regulators IFMRRC
Bonus 20% to 200% Deposit Bonus 20% to 200% Deposit Bonus 20% – 200% Deposit Bonus
Education No No No No
Platforms TradingView TradingView TradingView
Leverage 1:500 1:500 1:500
Payment Methods 8 10 7 9
Visit Visit Visit Visit Visit
Review Videforex

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.

Compare Videforex Trading Instruments
Videforex Binarium IQCent RaceOption
Binary Options Yes Yes Yes Yes
Expiry Times 5 seconds – 1 month 5 seconds – 30 days 5 seconds – 30 days
Ladder Options No No No Yes
Boundary Options No No No No
CFD Yes No Yes Yes
Forex Yes Yes Yes Yes
Stocks Yes Yes Yes Yes
Commodities Yes No Yes Yes
Oil Yes No Yes Yes
Gold Yes No Yes Yes
Copper Yes No Yes No
Silver No No Yes Yes
Corn No No No No
Crypto Yes Yes Yes Yes
Futures Yes No No Yes
Options No No Yes No
ETFs No No No No
Bonds No No No No
Warrants No No No No
Spreadbetting No No No No
Volatility Index No No No No

Videforex vs Other Brokers

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

Videforex vs

The most popular Videforex comparisons:

  1. IQCent vs Videforex
  2. Videforex vs RaceOption


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 accepts deposits in a range of cryptos and fiat currencies. Payouts reach 98% per trade.