Videforex is #3 in our rankings of binary options brokers. Traders who use VIDEFOREX do not need to download any additional software. All they have to do is login into their account using their browser, which will instantly access the broker’s web platform. You may always utilize the web-based platform, which is equally mobile-friendly if you would not want to install any apps. If you’re a newbie to trading, finding the right broker who can guide you through the process is crucial.
With all the asset classes available, as well as bonuses and promo codes, VideForex can be considered a good broker, depending on how you define it. When it comes to this broker’s customer support representatives, they are prompt to reply and are often able to answer queries and help with concerns. They support multiple languages to make sure that all their clients will be able to get the support they need.
Choosing a broker whose fees are either too low or too expensive is not a good idea. This is because the one who charges high may sting your profits, and the one who charges too low may not offer you reliable and speedy services. VideForex offers research & education resources through their parent company. Traders are issued with top trading tools, personal account managers, and advanced market analysis. VideForex is one of the first brokerage service providers in the industry to implement the video chat feature. The FGC Company is said to be behind VideForex’s video chat.
- Videforex is one of those brilliant trading brokers that allows you to place trades for just $1.
- While trading in a demo account, you can develop hands-on experience.
- Make sure to read the Risk Statement and Terms forms before you hit that sign-up button.
- Measuring tools can be found here as well and will be used if you want to measure your risk or probable gain.
- You can use this experience for better strategy development and properly understanding the market conditions.
The app’s direct deposit and withdrawal functionality has also streamlined my trading process. Although, I believe the interface could be more intuitive. It’s not a major issue but it does require some time to get accustomed to. To get started with trading, Videforex requires a minimum deposit of $250. This nominal deposit opens doors for traders to access their accounts and begin trading with as low as $1. The platform also offers a 100% deposit bonus on your first deposit.
If you are a day trader, you need to know that Videforex has sophisticated day trading. So, you can only execute is microsoft a good stock to buy the traders through its website. What’s better is that you can trade through different trading platforms.
In addition to this, Videforex has better trade execution and technology. There have also been reports that the broker can take up to three business days to process incoming bank wire transfers and verify funds have been received. Yes, the Videforex application requires an online KYC (Know Your Customer) process.
12.2 The Videforex finance team will determine the method of withdrawal. All funds must be returned to the source of the original deposit. However, in some cases, this may not be possible (such as in cases where the original deposit source was a MasterCard). Videforex’s finance department will venture to find the optimal method of processing of clients withdrawal.
TRADE QUICK OPTIONS
The broker does not charge an account funding fee, however, third-party fees may apply. UK clients can utilise the below deposit methods, with instant processing and no deposit fees. Credit cards (VISA/MasterCard), bank wire https://bigbostrade.com/ transfers, Bitcoin, Ethereum, Lite coin, Altcoins, Neteller, Skrill, and Perfect Money are all options for funding & withdrawing your account. If you deposit on weekends or holidays, you may have to wait a bit longer.
#3. VideForex vs RaceOption
The platform itself is super easy to use, even for beginners like me. Compare Videforex with the top 3 similar brokers that accept traders from your location. 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. Another perk is the Rollover tool which lets traders increase positions up to 100% of the selected timeframe on the first use.
The platform is laced with essential charting and order features to help you monitor real-time price movements. The ultimate aim is to keep users updated with related data in a timely manner. Also, you can review your currency pairs with a single click. Even though Videforex does not charge the lowest fee, it does not mean that it is exorbitantly expensive.
VideForex Support
Videforex is a remarkable trading platform that comes with a user-friendly interface. Anyone can use this trading platform without much difficulty. Also, this broker can be operated on different devices, which further adds convenience and limits the hassle. Despite the number of features and benefits, Videforex has some drawbacks. You must carefully check those drawbacks before getting registered with this trading platform.
Trading financial products may not be available in your country or are only available for professional traders. Please check with your regulator authority first before you sign up with a broker. Some brokers or trading platforms are not regulated and can not provide services in your country. It is worth noting that despite being new to the market, Videforex offers an expansive range of asset classes to trade on. With this, it is clearly evident that the company is trying its best to gain a strong foothold in the competitive Forex and binary options trading industry.
Why VideForex Doesn’t Suck In 50 Words
Launched in 2017, Videforex offers access to stock, index, crypto, forex and commodities markets via binary options and CFDs. 15.1 If the total of the first three transactions is negative, broker will compensate the loss in the form of bonus, and bonus rules will apply. Compensation of risk-free trades can not exceed the amount of the initial deposit. To use this service, you need to apply for it in advance. Please contact [email protected] or your account manager, if available, and negotiate details.
FINSA Europe Review
As we will see later in this review, they do not provide industry standard tools such as the MT4. However, this is not to mean that their alternatives are not good. The one area where VideForex blows all other online trading brokerages out of the water is their high level of customer support. VideForex is one of the only online trading brokerages we know of who provide live video chat support.
Options traders will also be glad to find out that they could switch to candlesticks charts which will be discussed below. It’s a simple chart but is effective when used since it also features a gauge for the demand of puts and calls for an asset. This could be used as a guide to know if you’re going with the trend of a trade or against it. This means that all your personal data, as well as bank details, are safe from hackers. Compare the markets and instruments offered by Videforex and its competitors.