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. The first was that any international wire transfer withdrawal will be charged an upfront $50 transfer fee. There are three account types to choose from, including Bronze, Silver, and Gold. After that, there are some variances between the account types, so we’ve listed all of the features of each below.
VIDEFOREX allows traders to trade digital options & CFDs. Options trading are available on VIDEFOREX in four asset types. Currency, commodities, cryptos, and stocks are all examples of this. It offers CFDs on currencies, commodities, crypto, indices, stocks, and Forex, among other asset classes. There are 80 multiple types of stocks, 15 different currency pairings, nine different commodities, 13 different market indexes as well as for cryptocurrencies available on the site. 13.5 A deposit request via credit, debit card or via e-wallets into a trading account will be processed within 3 hours.
- Also, this broker can be operated on different devices, which further adds convenience and limits the hassle.
- If the service is temporarily unavailable, this could delay entering at the desired price.
- This average customer rating is based on 2 Videforex customer reviews submitted by our visitors.
- All of VideForex’s three online trading account types are treated to copy trading tools.
- The better customer care service of Videforex distinguishes it from other trading brokers that do not have this effective service.
- The company recommends refering to the trading platform for information on maximum and minimum position sizes.
The better customer care service of Videforex distinguishes it from other trading brokers that do not have this effective service. So, register yourself with Videforex and get your issues quickly resolved. Videforex has created a good reputation in the market for offering professional customer service. One can easily get round-the-clock multi-lingual support without any delay. Videforex is one of those brilliant trading brokers that allows you to place trades for just $1.
Fund your Account
13.4 Once a deposit request via bank transfer is submitted, it can take Videforex up to 3 business days to process the request and verify the funds have been received. 13.3 Please also note that some card issuers may charge a fee to make a deposit into your Videforex account. grid trading strategies Please check the terms and conditions of your card, or call your issuer directly, if you think your issuer or bank may charge you a fee. Any charges issued by the bank or issuer must be disputed directly with them, as Videforex has no say or input on these fees.
VideForex is said to offer 24/7 live video chat support, which we would have assumed was exactly that – a video chat with an agent. However, having tested it, we can state that this is not how it works. The same video seems to be played along with each live chat and to be quite honest, we found it to be quite comical.
Please note, some markets may only be available via CFDs or other derivatives. As cybercrime is on the rise and online scams prevalent, trusting your broker with your confidential data is important. 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. The company behind the brokerage, Involva Corp, is registered in the Marshall Islands. If you want to open an account with Videforex, you can do it in just a few seconds.
Is videforex.com a scam or a legit company?
However, Videforex has no mention of complying with any Indian regulators on its website. The broker is not regulated by any regulatory body in India, that’s why money safety may be the issue here. Cybersecurity-related crime is https://bigbostrade.com/ an ever-present threat to online traders; so, some brokers implement high-security protocols to ensure their customer’s safety as well as their own. Videforex offers leveraged trading on major, minor and exotic currency pairs.
An added perk for Silver accounts is the client’s first three trades are risk-free. This means that if the client loses money on their first three trades, the losses will be credited back to their account as trading funds. VideForex’s mobile application functions the same way as its web-based platform. Here, you can trade all the available assets and even withdraw and deposit at a click of a button. This makes it convenient, especially for clients who don’t have the time to sit in front of a computer all day.
Videforex has a plethora of benefits along with impressive features. Even though you are a day trader, CFD trader, or binary options trader, you can choose Videforex for a successful career. No, we have not seen any info to indicate that videforex is a regulated broker. But this is often the case with many binary options brokers. We didn’t have to dig too deep to find one of VideForex’s unique selling propositions when it comes to its withdrawal request and processing times.
Trading conditions for users
Ezekiel is considered as one of the top forex traders around who actually care about giving back to the community. He makes six figures a trade in his own trading and behind the scenes, Ezekiel trains the traders who work in banks, fund management companies and prop trading firms. Ezekiel Chew the founder and head of training at Asia Forex Mentor isn’t your typical forex trainer.
Prices are updated frequently as the limitations of technology and communication links allow. If client has failed to provide Videforex with the Know Your Client (KYC) documents. 14.7 The broker retains the authority to charge a commission at its discretion, without being bound to a monthly schedule. 11.4 When trading CFD, Bonus is used only as an additional margin for order volume increase, as a leverage and can’t be withdrawn.
The Bronze account comes with a 20% bonus, which increases to 50% for the Silver account and to 100% for the Gold account. You can choose to accept the bonus or not by ticking a box next to it. Videforex has its own mobile app which supports the broker’s web-based platform. It is available to download for both Android and iPhone through the respective app stores or from their website. The website claims 95% profits in 60 seconds and obscene sign-up incentives.