Additionally, the Web platform can also be used for trading on mobile devices, but traders may prefer the apps available for Android and iOS devices. Once again, these mobile platforms are designed as binary options platforms, with an option to trade Forex and CFD products, which may dilute the effectiveness of these apps to a certain extent. Forex traders usually prefer a targeted app for trading the CFD market, which will be not only reliable for trading, but also provide advanced trading tools and features for comprehensive market analysis. Unfortunately, we can’t expect the VideForex mobile trading platform to offer the same kind of performance or features as its rivaling mobile platforms. The lack of regulation is a big red flag for us and they do not offer the popular MetaTrader platform. The assets available to trade are limited but they do offer Options trading.
It is no longer easy for a company to set up an FX/CFD brokerage and hope for the best, as traders have now become more vigilant and proactive while choosing a trading partner. The VideForex trading platform seems inherently familiar, as it shares its traits with other similar web properties that offer binary options services through different brand names.
Videforex Minimum Deposit, Accounts, & Withdrawals
Of course, FGC has a massive responsibility to its clients, which is why they try hard in offering innovative services that are designed to give sleepless nights to the competition. Potential clients of the brokerage have a wide array of payment methods available to them.
To get started, you need to fund your account and on the trading platform press copy trading, then choose a trader to copy trades from. It should be strongly emphasised that there are no guarantees with the results from copying trading signals. After studying several months Forex and ways to become a profitable trader, I took a look to the binary options. Because of my way of trading I liked the risk of this methodology. Just to try and learn a little bit more about the technics on binary options, I joined online courses and groups to practice the technics .
You Can Get The Additional Funds As A Bonus
They emailed about the pricing error and revoked all trades good or bad within a three day span for that specific currency pair. Like my friend traded the same pair and none of his money was revoked. Also I tried to take money out of my broker (one $150 and one for $100), but i never received either of the amounts into my bitcoin wallet. The company’s finance department does not have a phone line to contact at, only an email. They keep saying that they will fix the issue but I see nothing happening. I recently made a $50 withdrawal from my broker account to test it again, but still no money.
There are no educational materials provided for traders whilst spreads and fees are not the lowest. We would consider looking for another trading broker with a more complete offering. VideForex aims at attracting traders through a 24 hours customer service team that is available through an innovative video chat feature. The live video chat option offered by the FGC group of companies has received positive acclaim from existing customers and is excellent at providing Retail foreign exchange trading a human presence while offering support. The 24X7 live video support is complemented with phone numbers and a web contact form, which ensures that traders can receive professional support from the broker at any time of the day or night. VideForex clearly scores in terms of offering one of the best customer service channels in the market. In spite of the regulatory confusion, the FGC assures its traders of the best in services by offering a secure trading platform.
New traders can learn the basics of trading in a risk free environment whilst more experienced traders are able to try out new techniques and strategies without risking their own money. A demo account also enables potential traders to try out the features of the site and to see how much they like the trading interface before opening a live account and making a financial commitment. VideForex is one of the few brokers which ensure that withdrawals are processed in a very short time, and all clients can expect their withdrawals to be received within an hour. This is regardless of which account type traders have, which is excellent, since many of this broker’s rivals only offer this type of service to higher level traders. The minimum deposit amount is $250 and while this broker does not charge for transfers, some third party providers may.
VideForex does offer three different account types; Bronze, Silver, and Gold. Each account is relatively the same by offering all the same standard features, but higher accounts offer better bonuses or premium features such as a personal success manager.
They do however have a variety of useful trading account funding options. Forex and CFD brokers continue to grow at a staggering https://forexbitcoin.info/ rate, but the general investor sentiment has shifted towards a more reliable and regulated brokerage service.
Nevertheless, it is definitely worth the attention of the traders, especially those who want to gain experience. Offering simple and easy to navigate user interface, this platform can attract clients who know very little about binary options, CFDs and Forex but want to try themselves at online trading. A unique feature of the trading platform is its customer support service.
Videforex Com Accounts
They may deposit or withdraw via Bank Transfer, Credit Card, Neteller, Skrill, Perfect Money, Vload, Bitcoin and other cryptocurrencies. Furthermore, we read in the Terms and Conditions that there are nasty withdrawal conditions. To be able to claim a withdrawal one must first achieve 100 per cent turn-over on his trading account – meaning he has to trade the amount of his initial deposit or more to be eligible for withdrawal.
VideForex does not fall short in terms of the number of financial assets available to trade on their platform. For instance, traders can participate in the global markets by trading over 15 forex currency pairs, 9 commodities, over 80 stocks, and 13 market indices. 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. However, it is somewhat disappointing that VideForex is not offering CFD cryptocurrency trading pairs as most new online trading brokerages of this kind are.
All accounts get 24/7 live video chat support, withdrawals in 1 hour and the copy trading tool. Videforex broker is an unregulated trading broker that offers a very limited range of Forex, CFDs and Options for trading online. They do not have the popular MetaTrader trading platform and there are no educational resources or additional trading tools provided to assist traders.
The thing is, i was at 7k and because of a pricing error on their half, and I used it to my advantage. BDSwiss Forex Brokerage Firm Review So after i finished the night at 7k, I woke up the next morning to 2.5k in my account.
- They do not have the popular MetaTrader trading platform and there are no educational resources or additional trading tools provided to assist traders.
- They do however have a variety of useful trading account funding options.
- Videforex broker is an unregulated trading broker that offers a very limited range of Forex, CFDs and Options for trading online.
- The more that is invested in this broker, the greater the benefits.
- We are not big fans of this policy as we prefer that traders of all experience levels and investment sizes are given the same benefits.
- All accounts get 24/7 live video chat support, withdrawals in 1 hour and the copy trading tool.
Most online brokers would have some tutorial videos, trading guides and other learning resources to help traders improve their trading knowledge and skills. The copy trading service is designed for traders who want to trade automatically without manual trades.
I defined my own technic simulating different trades during several weeks, and when I was ready to try in real broker, the group I joined recommended this trader. The VideForex trading interface does not have the option of advanced charting or using technical indicators, which can be a serious issue for a beginner, intermediate, and expert traders. Of course, the ability to customise charts, add indicators, and make a detailed analysis of the markets through advanced charts is the fundamental requirement for trading the Forex and CFD market. VideForex does not offer such an ability, making it extremely difficult for traders, and it may even require them to sign up for third-party charting software. As an FX/CFD broker, VideForex has a moral responsibility towards ensuring that it offers the best platform features to its investors.
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The use of VideForex platform does not induce much confidence, as the platform is a proprietary interface that offers both binary options and FX/CFD products through a Web Trader. Web traders have traditionally been marginally inferior to installable interfaces, as web-based interfaces don’t provide the much-needed dexterity for trading.