liteforex

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Latest Details about Videforex Broker

Reviewed broker: Videforex

Operated by Vide Projects Ltd., a company registered on the Seychelles. 

Regulation: no

Important note: Videforex website doesn't disclose enough trading details about trading conditions and environment important for traders. There is lack of explanation about spreads, leverage, lost of assets and more. During this review we had a mixed feelings about this particular broker and advise to choose s company with better reputation.

Trading Conditions of Videforex

The maximum leverage offered by this broker is  1:100

Account base currency can be crypto along with USD, EURO, Pound, Rouble

Advanced charting: available

Copy trading: yes

Spreads are fixed on 2 pips for EUR/USD for all types of accounts.

Trading Platforms

Surprisingly the broker doesn’t provide Meta Trader 4 or Meta Trader 5. Today it is rather unusual to see a broker without Metatrader 4 platform available. Instead you get a web platform and mobile platform. 

APPLICATION FEATURES:

  • Regular CFD and Options trading
  • Direct deposit and withdrawal via APP
  • 60 seconds
  • My account
  • My portfolio

APPLICATION BENEFITS:

  • Allows for instant execution of trades
  • Shows live charts of every option available on the platform
  • Enables traders to view their entire trade history
  • Same login as the web-based platform
  • Application is free to download

Trading Instruments

You can trade with either fiat currencies or cryptocurrencies.

Account types

Major flaw and a warning light is the fact that Videforex provides demo account only after you make a deposit! This is something we haven't come across during broker reviews for quite a while. Most online brokers today provide unlimited practice account without any commitment from the client. A requirement for a deposit before a test drive is not a good sign.

For your convenience we have combined the most demanded services into packages. Their accessibility depends from the amount of first trading deposit. By investing more, you get more benefits!

Bronze account features:

  • 24/7 Live video chat support         
  • Withdrawals in 1 hour
  • Demo account
  • Copy Trading tool
  • Bonus +20%

Silver account features:

  • 24/7 Live video chat support         
  • Withdrawals in 1 hour
  • Demo account
  • Copy Trading tool
  • Master class (web session)
  • Bonus +50%
  • First 3 risk free trades*

Gold account features:

  • 24/7 Live video chat support         
  • Withdrawals in 1 hour
  • Demo account
  • Copy Trading tool
  • Master class (web session)
  • Personal success manager
  • Bonus +100%
  • First 3 risk free trades*

Funding methods at Videforex

Minimum deposit requirement is $250.

Fast and reliable transfers supported by credit cards, Perfect Money, Bitcoin and other cryptocurrencies. The lack of payment methods with Videforex is disappointing to say the least. 

Customer Support and Bonus Offers

VideForex has created a new approach - trading forex and binary options with video support. However, the whole concept is focused on female support staff via live video steam which honestly resembles porn instead of actual currency trading. 

Despite the first impression, live support does work. During this review, we have tried to chat with the support about various topics related to trading and technical support. The representatives were able to handle simple questions without any trouble. We happily noticed that there was nothing sexual involved in the conversation despite the nature and the view of the stream video. With that being said, you have to agree that attractive women chatting up new clients doesn't seem serious enough.

Oh and here is another elephant in the room. After a while the chat service requires you to register to continue! Reminds you of something, doesn't it?!

Videforex like many other offshore brokers offer bonus for the clients, however do pay attention to the terms and conditions where you have to make some serious volumes before you can even think about withdrawing the funds. Below are some of the terms listed on the broker's site:

“For account without bonus: trader has to reach a 100% turnover from deposited amount, to claim for withdrawal.
For account with bonus: trader has to reach 300% turnover from deposited amount, to claim for deposited amount and profit withdrawal.”

How was the rating of Videforex performed compared to other brokers? 

This 2019 Forex Broker Review  has been conducted though thorough research and assessment of rating and ranking among almost 300 international forex brokers. The final grade is given based on Videforex FX broker performance and features. 

Overall our online Videforex review was conducted with the details obtained from the demo trading and the forex brokers website. If you would like to add details to this online Videforex or you find inaccurate details Videforex broker review please get in touch with us and the changes will be applied.  

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