This is a mandatory process required for verifying the trader’s identity and demographic details. For day trading, your profit withdrawal requests are processed within one hour. Thus, you can rest assured that your funds will be transferred smoothly and speedily. Even though Videforex does not charge the lowest fee, it does not mean that it is exorbitantly expensive. 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.
Accounts
When traders come across the words “demo account,” they expect it to be free. You need to make a deposit before you can even test out their platform. VideForex has a live chat trading feature that is open to all their clients.
- Once you’ve logged in, you will notice that everything you need for trading will be on this web-based platform.
- While this may not be as many assets as some trading brokerages, it is quite substantial for novice traders which is the market VideForex is going for.
- You need to make a deposit before you can even test out their platform.
- This means that all your personal data, as well as bank details, are safe from hackers.
- My favorite Videforex feature is their 1-hour withdrawal guarantee.
- The Commodity Futures Trading Commission oversees the broker and VideForex offers a high level of security for customer data.
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The varied assets available should keep even the most professional trader satisfied, but it may get tedious for beginner traders to choose a handful of instruments from the overall choice. Nevertheless, with practice and trading experience, traders should be able to choose their preferred instruments. VideForex is a registered financial company in Seychelles, but there is no information about its regulatory status with the Seychelles Financial Services Authority. 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.
What Are Videforex Minimum Deposit Requirements?
- Then, when you are confident, you can start putting real capital on the line.
- You must decide how much you’re willing to risk and input your desired investment amount in the box provided on the right-hand side of your trading platform.
- There are no research tools offered which is a substantial drawback.
- To find out more about this broker, make sure you check out the following Videforex review below.
- With over 117 assets available, a solid first deposit bonus and reputable regulation, you can’t go wrong by using this platform.
- If you are a day trader, you need to know that Videforex has sophisticated day trading.
There is no entry cost, and twenty winners are listed each week. Both beginners and experienced traders can compete, as all accounts automatically participate. Once you have made a deposit, you gain access to a Videforex demo account.
The platform charges a swap fee of 0.07% of the face value of the position to hold a position overnight. The company behind the brokerage, Involva Corp, is registered in the Marshall Islands. Opening an account at VideForex is easy, as you can sign up with an email address.
This advantage helps maximize returns and supports growth in my modest trading account, significantly boosting my trading career. I’ve been using Videforex for a few weeks, and it didn’t quite impress me. On the upside, their 24/7 live video chat support is fantastic; I always had someone to assist me. The one-hour withdrawal guarantee after a trade is also a standout feature.
Once all details are completed, you will access your account and the necessary trading tools. Next, you need to head to the navigation tab to meet registration requirements. In recent years, trading activities have gained a lot of momentum.
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. 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.
Trading Hours
The platform offers a user-friendly and intuitive interface that allows clients to stay connected with the global market and not miss out on any trading opportunities. The platform features regular CFD and options trading, direct deposit and withdrawal via the app, and a 60-second trading option. Additionally, clients have access to their account and portfolio information through the platform. The benefits of the platform include instant execution of trades, live charts of every option available, the ability to view trade history, and the same login as the web-based platform. VideForex provides novice traders with an exceptional online trading experience with a personalized level of support that boosts the trader’s confidence and ability to trade.
One of the best features for novices is the Copy Trading tool, which you can use to copy master traders. The Videforex platform is also weaker than the industry standard. Oddly enough, VideForex does not show bank wire transfer in the list of accepted withdrawal methods, but this could just be an oversight. The costs appear to be the same as above, with a 5% fee on credit card transfers, but we’d advise that you confirm this with a support agent. We did note two items within the user agreement that we felt were worth sharing.
With the minimum deposit of $1,000 plus https://traderoom.info/videforex-a-reliable-broker/ the 50% bonus, your total funds would be $1,500. Among the available binary options brokers, Videforex is considered to be the best for offering better assets. What’s interesting is that this broker lets clients try new underlying assets so they can make more profit.
No wonder they provide tight spreads and fast execution across assets. This stability gives me confidence in efficiently entering and exiting positions during volatile sessions. My only complaint is that Videforex does not support MT4 and MT5, and these are very essential tools that could make trading on the broker easier. I think the people in charge should look into integrating Metatrader. Every trader should analyze their performance meticulously,and I appreciate that Videforex provides full access to my comprehensive trade history.
Remember, for opening a trading account; you may be required to fulfill certain guidelines. The Videforex application comes with a user-friendly interface that makes it easy for investors and traders to use the app without any hassle. Moreover, its compatibility with different devices further adds to the convenience. As you begin to use it, you will discover that it is well-designed to facilitate easy navigation, thereby making it suitable for novice traders as well. In addition, the platform features a simple and intuitive interface that competently incorporates all elements needed to trade Binary Options and CFDs seamlessly.