Videforex Review

Videforex is a trading platform established in 2017, providing access to various financial instruments including binary options, CFDs, forex, indices, commodities, and cryptocurrencies. Although relatively new in comparison to its competitors, it has rapidly gained popularity among traders.

Account Types

Videforex features a three-tiered account structure tailored to meet the needs of traders with varying experience levels. The available account types are:

• Bronze Account: An entry-level option well-suited for beginners, offering a 20% deposit bonus, access to a demo account, the copy trading tool, 24/7 live chat support, and 1-hour withdrawals.
• Silver Account: Aimed at intermediate traders, this account includes all the Bronze features along with a 50% deposit bonus, a master class webinar, and 3 risk-free trades.
• Gold Account: The premium account tier, Gold, encompasses all Silver account features plus a 100% deposit bonus and a dedicated personal success manager.

Each account type provides increasing benefits with progression, such as larger bonuses, risk-free trades, and personalized support. All accounts grant traders access to the proprietary Videforex web and mobile trading platforms, alongside additional tools like copy trading and educational resources.

Banking Options

Videforex offers a wide array of funding and withdrawal methods, ensuring accessibility for traders in various regions. The available banking options include:

• Credit/Debit cards: VISA and MasterCard
• Bank wire transfer
• Cryptocurrencies: Bitcoin, Ethereum, Litecoin, and additional altcoins
• Digital wallets: Neteller, Skrill, Perfect Money

Funds typically become available for trading immediately upon confirmation from the provider. Videforex does not withhold taxes on account transactions; responsibility for tax compliance rests with account holders.

With adaptive account options and diverse banking methods, Videforex serves both novice and seasoned traders by facilitating quick access to trading and support features.

Leverage

Videforex offers leveraged trading for various instruments, including forex, CFDs, and cryptocurrencies. However, maximum leverage levels reported may vary based on source and might also depend on account type, regulatory jurisdiction, or recent platform updates.

• Standard Leverage for Forex/CFDs: Most sources agree that Videforex provides standard leverage of 1:100 for forex and CFD trading, offering considerable buying power while being more conservative than certain offshore brokers.
• Higher Leverage Availability: Some recent guidelines and platform overviews suggest that leverage may reach up to 1:500 or even 1:2000, especially for specific products or account types. However, this claim is not universally supported and users should confirm with Videforex directly.
• Cryptocurrency CFDs: Leverage of up to 1:500 is available for crypto CFD positions, though fees are higher when leverage is applied.
• Binary Options: Binary options on Videforex lack conventional leverage; the maximum loss is limited to your stake with each trade.
• Risk Management: For all leverage options, Videforex states that losses are limited to the initial investment amount, offering a degree of protection against negative balances.

The leverage offerings for traders on Videforex extend up to 1:100 as a standard for most users, with the potential for higher leverage, reaching up to 1:500 or even 1:2000 for certain assets or account types, particularly in forex, CFDs, and cryptocurrencies. Binary options are exempt from leverage considerations. Traders should confirm the specific leverage applicable to their region and account, and exercise caution when trading with high leverage due to associated risks.

Asset Types

Videforex grants traders access to a diverse array of assets across several key financial markets. The platform facilitates trading of both binary options and contracts for difference (CFDs). Here are the asset classes and specific markets available:

• Forex (Currency Pairs): Trade major, minor, and exotic currency pairs, with over 15 pairs on offer.
• Commodities: Includes sought-after commodities such as gold, silver, copper, and Brent oil.
• Stocks: Access to over 80 stocks, including major companies like Apple, Starbucks, and Tesla.
• Cryptocurrencies: Trade digital assets such as Bitcoin, Ethereum, Litecoin, IOTA, Bitcoin Cash, Dash, EOS, Ethereum Classic, OmiseGo, Monero, Zcash, and Ripple.
• Indices: Availability of market indices worldwide, including SWISS20, SPAIN35, UK100, HONGKONG50, USA30, USA500, and US-TECH100.

To summarize, Videforex enables options and CFD trading on the following market types:

• Currencies (Forex)
• Commodities
• Cryptocurrencies
• Stocks
• Indices

Traders can access over 100 tradable assets in total and trade high leverage (up to 1:500) through their web and mobile platforms, alongside features like fast withdrawals, demo accounts, and the option to copy trades from professional traders.

Platforms

Videforex provides a proprietary trading platform designed for high-frequency trading (HFT), CFDs, and binary options. The key features and offerings are outlined below:

• Web-based platform accessible from any internet browser
• Mobile applications for both Android and iPhone devices

These versions allow traders to remain connected to the markets and utilize trading functions on the go.

Fees

Videforex imposes various fees and trading costs that users need to consider. The main expense categories include trading commissions, spreads, swap/overnight fees, inactivity charges, as well as deposit and withdrawal fees.

Main Fees and Charges

• Account Opening & Maintenance:
  • No fees to open or maintain an account.
  • If there is no trading activity in a month, a $10 inactivity fee will apply.
• Trading Fees:
  • Binary Options: No direct commission; profits and losses are calculated based on fixed payouts for each trade (e.g., 20%–98% payout rate based on asset).
  • CFD Trading:
    • Unleveraged cryptocurrency CFDs: a commission between 1% and 2.5% of transaction value.
    • Leveraged CFD trades: commissions can go up to 5%.
    • Spreads are dynamic for CFD trades and vary by instrument (e.g., GBPUSD spread can float from 0.1, FTSE from 0.2).
• Swap/Overnight Fees:
  • Holding a position overnight incurs a swap fee of 0.07% (some sources indicate 0.7%) of the position's face value.
• Deposit Fees:
  • No fees for most deposit methods.
  • Deposits made via credit card may incur a fee of 5%.
• Withdrawal Fees:
  • Withdrawal fees can range between 1% and 2.5% for certain methods; credit card withdrawals may be charged up to 5%.
  • The minimum withdrawal amount is $5.
  • Users are responsible for paying any withdrawal fee incurred by the broker.

Fee Comparison Table

Videforex does not impose fees for account opening or regular maintenance; however, accounts that show no trading activity are charged $10 monthly. The trading commissions for CFDs range from 1%–2.5% for non-leveraged, up to 5% for leveraged trades. Overnight positions attract a swap fee, and both deposit (for certain methods) and withdrawal transactions might incur additional costs. Always refer to the latest terms on the Videforex website for the most accurate and up-to-date fee schedules before trading.

Pros

• Fast Withdrawals: Videforex ensures withdrawals are processed within one hour, granting traders swift access to their funds once identity verification is completed. This quick processing time is a significant advantage over many other online trading platforms.
• Wide Range of Funding Methods: The platform accommodates multiple deposit methods, including digital currencies (cryptocurrencies), enhancing accessibility and flexibility for traders globally.
• 24/7 Customer Support: Videforex provides extensive customer support options, including live video chat, phone, and email, available around the clock to assist users in real-time.
• Constant Market Access: Traders can access the platform and execute trades 24/7, a feature especially beneficial for those who need to monitor or manage their positions at any hour.
• Bonuses and Rewards: Videforex presents various rewards such as deposit bonuses (up to 100% depending on account type), referral rewards, and regular contests with cash prizes, providing additional incentives aside from trading profits.
• Diverse Asset Selection: With over 100 trading instruments available, traders gain opportunities to diversify their portfolios across multiple asset classes.
• Tiered Account Structure: Videforex caters to traders of all levels of experience with its Bronze, Silver, and Gold accounts, each providing tailored benefits such as demo accounts, risk-free trades, master class webinars, and personal success managers for premium users.
• Low Minimum Deposit: The minimum deposit required to start trading is relatively low (as low as $50), making it accessible for beginners and those hesitant to invest large amounts initially.

These combined benefits make Videforex an appealing choice for traders seeking speed, flexibility, responsive support, and various trading opportunities.

Cons

While Videforex offers several advantages such as quick withdrawals, high leverage, and a diverse range of assets, there are notable drawbacks and disadvantages worth considering:

• Lack of Regulation: The absence of regulation from any major financial authority adversely affects its credibility and oversight, heightening risk for traders in the event of disputes or operational failures.
• Limited Educational Resources: The platform falls short in providing substantial trading education, tutorials, or beginner guides, which could challenge newcomers in learning and developing effective strategies without seeking external resources.
• Weak Trading Tools: Users only have access to fundamental tools—like an economic calendar and market sentiment data. Many established brokers offer more comprehensive services, including calculators, research, and VPS hosting, which are lacking here.
• Limited Demo Account: The demo account features are restricted, potentially limiting new users from thoroughly testing the platform and fine-tuning their strategies before engaging with real funds.
• No Support for Popular Platforms: Videforex does not accommodate widely used platforms such as MetaTrader 4 (MT4) or MetaTrader 5 (MT5), which may be a considerable drawback for experienced traders accustomed to these tools.
• Limited Mobile Functionality: Reviews indicate that the mobile trading experience remains underdeveloped, affecting users who prefer trading on the go.
• Deposit Bonuses Not Withdrawable: Although appealing bonuses are advertised, these cannot be withdrawn directly, limiting their practical value for traders.
• Copy Trading Limitations: The copy trading feature is criticized for the lack of detailed performance statistics on signal providers, making it challenging for users to find traders most aligned with their goals and risk tolerance.
• Basic Market Analysis Only: The platform's market analysis is relatively basic, lacking expert commentary and advanced research features that could assist in making informed trading decisions.

Customer Support

Videforex offers multiple communication channels to ensure user convenience:

• Email: Support is reachable via email at support@Videforex.com. Responses are generally provided within 24 hours.
• Phone: Videforex offers phone support with contact numbers available in different languages, including English, Russian, Chinese, Thai, and more.
• Live Video Chat: This unique feature allows users to interact with support agents in real-time, enabling prompt resolution of issues.