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Dealing with unregulated brokers can be very risky because there isn’t a regulatory authority to hold them accountable. If you have to trade with VideForex, you should expect anything. Otherwise, find another brokerage provider that is well-regulated and adheres to regulatory guidelines.

How to open an account with Videforex

Leveraged cryptocurrency positions will incur a maximum 5% commission fee. Plus, there’s a swap fee (0.07% face value of the position) for trades held overnight. An inactivity fee of $10 per month applies if clients do not complete at least one trade in this time. Videforex is an unregulated broker which offers extraordinarily little information on critical factors that traders must consider when evaluating brokers.

Key Features of Binary Options

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). But while these are useful features, there is a lack of advanced trading tools for account holders.

• In addition to supporting mobile trading, the platform is simple and comes with many features.
• VideForex offers a minimum deposit of $250 which is somehow higher when compared to brokers of its category.
• You can place trades, set stop-loss and take-profit levels, and manage your positions through the platform’s intuitive interface.

Compare the markets and instruments offered by Videforex and its competitors. Please note, some markets may only be available via CFDs or other derivatives. 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.

Spreads & Commissions

The platform charges a swap fee of 0.07% of the face value of the position to hold a position overnight. The company’s forgotten password process is straightforward and customers can follow their profiles on social media, such as Twitter and Instagram for live updates. The Spread at Videforex is likely to vary from account to account. The traders can learn about the basics here and understand how the market tends to work. All the reports have something unique to offer, so traders need to explore all of them.

Here in our review, you will get to know the company as a whole and read about its features and how it works. During our VideForex review, we found out that the brokerage provider is not well-regulated. Although they offer frequent promotions and tonnes of bonuses, we advise traders to interact with VideForex cautiously. When it review the little book that still beats the market comes to withdrawal, traders can use all the major payments methods mentioned above.

VideForex Login Process:

This strategy aims to capture large price movements that occur after the breakout. Technical indicators like Bollinger Bands and volume analysis can help identify potential breakouts. Rates, terms, products and services on third-party websites are subject to change without notice. We may be compensated but this should not be seen as an endorsement or recommendation by TradingBrokers.com, nor shall it bias our broker reviews. Trading Brokers Trading Brokers is dedicated to bringing you unbiased broker reviews, the latest broker news and trading guides to help you along your trading journey.

The only reason why millions of users love the broker is that it offers several features besides perks. However, if traders wish to start stock trading, then they must visit the broker’s website to know more. The prices are mainly dependent on several factors, and it tends to range as per the order type the traders choose. The spot metals trading charges aren’t fixed at the trading platform. Being aware of the charges will allow traders to learn about the trades which make positive returns and which don’t. There are various charges available which traders need to pay.

This app is completely free, and you can get it on the Google Play Store for Android and the Apple App Store for iPhone. While trading in a demo account, you can develop hands-on experience. You can use this experience for better strategy development and properly understanding the market conditions. After you gain proper confidence with the demo account, you can then start real trading by investing the real money. Remember that choosing a broker that charges too low or high might put you in danger.

However, upon asking about their commissions and profit share, the representative didn’t respond anymore. There’s no additional information regarding the commissions or profit share found on the website. VideForex offers research & education resources through their parent company.

This strategy relies on technical indicators such as moving averages, trend lines, and the Relative Strength Index (RSI) to identify trends and Forex arbitrage potential entry points. 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. Ideally, the Bronze account is ideal for beginners as there is no commission here. Note, there are no third-party platforms such as MetaTrader 4 or 5.

This trading broker is designed in a way that it can correctly meet the needs of investors and traders present at all levels. Videforex offers its services in all the countries except the US and a few regions of Europe and Asia. Videforex’s trading platform is intuitive and simple, so it could be a good starting point for beginners. One of the best features for novices is the Copy Trading tool, which you can use to copy master traders. Videforex values long-term relationships with their clients and opencv introduction offers loyalty rewards to traders who consistently use their platform.

Videforex was founded in 2016 and is headquartered in Seychelles. Videforex is operated by Involva Corp. which is based in the Marshall Islands. You may also send them your question or concern by filling up the form found on the “Contacts” page. It’ll ask for basic information like your full name, email address, and phone number. A customer representative will get in touch with you via email once they have processed your form. Simply share your link with a friend, and you can get 20% of the amount that they deposit.