Immediately below this, you will be able to see recent profitable trades that have been made by other clients of VideForex. VideForex is one of the first brokerage service providers in the industry to implement the video chat feature. Traders report having had a great time interacting with the broker through this feature. One thing we noted about the broker is that they charge a specific commission to traders who choose to open unleveraged digital currency CFD positions. VideForex is a new brokerage company that offers Forex and CFDs alongside binary options and other products.
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.
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- In general, we found their unique trading platform easy to navigate.
- Videforex is an online broker that provides access to various markets through binary options and CFDs.
- If the service is temporarily unavailable, this could delay entering at the desired price.
- Videforex offers services in multiple countries and supports different payment methods.
Instead, they will be using virtual funds provided by the broker. However, to be able to trade using the demo account feature, clients will need to deposit at least $250. On tradable assets, VideForex customers have access to over 160 assets. We did find VideForex’s trading platform pretty impressive and unique. In addition to supporting mobile trading, the platform is simple and comes with many features. To open trading accounts with VideForex, customers are required to deposit $250.
VideForex offers fixed spreads with the average for the EUR/USD pair currently standing at two pips. If you want to open an account with Videforex, you can do it in just a few seconds. Note, there are no third-party platforms such as MetaTrader 4 or 5. Above all, our experts assess whether a broker is trustworthy, taking into account their regulatory credentials, account safeguards, and reputation in the industry. I’ve been going around and around for months now with nothing to show for it!
On the bottom-right corner of your trading software, you will be able to change and set your charts from a linear price scale to a log scale. Some traders, however, use percentage scales, thinkmarkets broker review and clients will also be able to use this. For CFD’s and forex, clients will also immediately have access to VideForex’s charting software that is fully customizable. Their charts are powered by TradingView, the leading application for all your charting needs. Since its inception, VideForex has gained over 5,000 clients from around the globe.
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The aim is to make the most of the trading strategies, which makes the platform quite effective. The traders can avail of full-fledged data under the terminal where they can make use of multiple indicators. Additionally, the terminal facilitates quick analysis or an in-depth one which facilitates speedy decision making for traders. Professional traders tend to have complete requirements, which is way different from beginner traders. Brokers in this location do not have to adhere to any financial regulation so we recommend caution before making a deposit. There is simply a FAQ section with a few queries and their answers, but no more information is supplied.
As a result, before making any trading decisions, traders must first investigate all accounts. Traders who choose a bronze account do not have to pay any commission. 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.
Funds can be deposited through various means including credit card, bank transfer, Skrill, Neteller, and PayPal. VideForex also supports Perfect Money, Altcoins, Bitcoin, and Litecoin among other widely used cryptocurrencies. As mentioned above, VideForex does not offer the fancy Metatrader4 and Metatrader5 trading platforms provided by most brokers in the industry. Unlike other brokers that offer Metatrader4, Metatrader5, and extra trading platforms, VideForex does not provide any of these.
How to trade with Videforex: Trading tutorial
For example, the time frame indicators offer one-click trading to the traders. But overall, traders must know that the main objective of the platform is to keep it simple for users. The best part is that the VideForex trading platform is designed keeping in mind the users, and it is pretty easy to navigate. The trading platform is essential for both the stock and forex market. This feature is excellent for new investors or people who prefer a passive investment style.
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The traders can know almost everything about the VideForex trading platform here. For example, let’s assume that a how to make money trading currency company ABC’s stock price currently trades at $24. The trader buys a binary option with a strike price of $25, and expires after one day.
It’s an amazing option for busy traders who must create a trading schedule according to their needs. This trading broker is owned and operated by Vide Projects Ltd. Videforex assures 3D-secure and VISA-secure code payment authentication for all deposits. PerfectMoney is available with up to 1 hour processing time and no fee. Credit/debit card deposits (VISA and MasterCard) will be processed instantly with a 5% transfer fee.
Alternatively, you could set a limit order that allows you to edit your entry price, stop loss and take profit levels. This allows more control in handling your trades and could lead to more gains and fewer losses. Clients can also take screenshots of their charts by navigating towards the top left portion of VideForex’s platform and accessing Charting Tools. Further chart customizations can also be made for its style, scales, background, and timezone to fit your preferences.
Navigate to the trading platform, select an asset to trade, and use the technical analysis tools provided to make informed trading decisions. You can place trades, set stop-loss and take-profit levels, and manage your positions through the platform’s intuitive interface. The lack of regulation poses a significant risk for traders who choose to trade with Videforex.
- Also, veteran traders may not be hyped about the lack of analysis tools and overall simplicity of the trading platform.
- In the UK, financial service providers must be regulated with the Financial Conduct Authority (FCA).
- They operate on a web-based platform where traders can easily carry out their trading activities.
- In the next section, we will show you exactly how to trade options and CFDs on the Videforex platform.
It accepts traders from almost all the countries except the USA. It allows the traders access to numerous assets so they can mt4 account unlock new possibilities in the market. However, you need to remember that leverage trading is not risk-proof. That means if you have incorrectly predicted the market, you will lose a huge amount of money.
With a minimum deposit of $250, clients can access VideForex’s 24/7 live video chat support feature, a demo account, and VideForex’s copy trading tool. A 20% trading bonus is also granted to Bronze account holders. The platform offers a user-friendly and intuitive interface that allows clients to stay connected with the global market and not miss out on any trading opportunities. The platform features regular CFD and options trading, direct deposit and withdrawal via the app, and a 60-second trading option. Additionally, clients have access to their account and portfolio information through the platform. The VideForex trading brokerage was founded in 2016 and is based offshore in the Seychelles.
