This review will go over VideForex to see if it really is the best forex trading course out there.
You’ll learn whether broker trading is the right online business for you.
And at the end, you’ll find answers to some of the most frequently asked questions regarding VideForex and forex trading in general.
This system made them swear off forex trading for good because it uses some of the same skills but in a much more powerful and profitable way!
VideForex, a broker trading CFDs, forex, and binary options, has increased in popularity since its launch in 2017. It caters to day traders of all skill levels and has its own original financial trading software and platform. This page provides a comprehensive brokerage evaluation, including everything from accounts and pricing to platforms and regulations. Finally, after weighing the pros and hazards, we will decide whether we should include this firm on the best day trading platform list.
Although VideForex was only started in 2017, the business in charge of this new brokerage is also the established BinaryMate. A reliable company that is regarded to stand by the safety of its traders by taking a proactive approach to money protection. So, what does VideForex.com, their most recent product, have to offer?
If you are a newcomer to day trading, you do not want to be required to make a large minimum deposit. You’re probably better off dipping your toe in the water first. Fortunately, VideForex needs a minimum deposit of $250 for new trading accounts, in line with industry standards. Additionally, they offer a 100 percent match bonus on any initial deposit (check the T&Cs before using it).
It’s also worth noting that the minimal criteria remain the same whether you’re day trading forex, CFD trading, or binary options on VideForex.com.
Day trading fees and costs can quickly mount up. So, picking a broker that offers reasonable spreads is vital. Typically, a spread is used with VideForex.com. For certain instruments, the spread is dynamic. It will consider the underlying financial instrument’s liquidity and external markets.
While they are not the cheapest broker on the market, they are also not the most expensive. Hopefully, this means you avoid the brokers whose prices are so low that you pay the amount in poor execution speeds and an unreliable platform. While the fees of more expensive brokers will significantly reduce your end-of-day profits.
Leveraged trading is available at VideForex. You can successfully borrow money to strengthen your position as a result of this. The advantage of this is that it can dramatically improve your profit potential. However, there is a chance that losses will be exacerbated.
Following the law, the corporation limits all consumers by default to a maximum multiplier of 1:100. Furthermore, a customer’s loss is limited to their original investment amount, ensuring that their remaining equity is preserved.
VideForex has the right to charge a commission for opening an unleveraged bitcoin CFD position. This could range between 1 and 2.5 percent of the transaction. If you choose leveraged CFD cryptocurrency positions, the cost could reach 5%.
So, if you’re seeking forex leverage, VideForex is a good place to start. Just be sure that your strategy and money management system account for potential losses.
When you make a high volume of trades each day, the charges can soon pile up. This is why you should look for reputable online day trading brokers. VideForex.com is one of the few brokers who make an effort to make their fee structure as transparent as possible.
However, it is worth noting that VideForex.com reserves the right to levy a swap fee of 0.07 percent of the position’s face value if a customer wishes to retain a position overnight.
It is also worth noting that there are no maintenance or registration fees when you open an account with VideForex.
And lastly, keep an eye out on their official website for any special offers or discount codes. If you sign up at the right moment, you may be able to take advantage of free transactions.
One of the distinguishing qualities of VideForex, as highlighted by client reviews, is that they have chosen to construct and develop their own in-house trading platform. While many will be familiar with the MetaTrader 4 (MT4) platform, VideForex.com’s approach has several advantages:
Day trading on the VideForex platform is simple to learn for both novice and expert traders. It has been specifically designed to maintain usability while also providing the complex trading tools and resources that many day traders seek. In-depth trading training, for example, can guide inexperienced traders through the platform.
The user-friendly approach makes selecting your financial instrument a breeze. With a few mouse clicks, you may access your preferred currency pairs, commodities, and indexes. You also gain access to cryptocurrency pairings and fixed return choices, in addition to your major currency pairings.
You’ll also notice that because their platform is web-based, there are no lengthy downloads required.
The platform’s social trading tool, sometimes known as ‘copy trading,’ is a handy supplementary feature. This allows you to learn from experienced and successful traders and mimic the moves of high-earning traders.
The Videforex mobile app for iOS and Android devices is a robust trading solution. It’s a beautiful addition to the desktop solution, providing a complete set of tools and functions. The whole spectrum of assets offered by the broker is available, including cryptos, equities, binary options, and forex. The mobile app allows for complete account administration as well as copy trading.
You can deposit and withdraw money through VideForex from the United Kingdom, Europe, or anyplace else. Because Videforex has entered the world of digital currencies, you can now utilize any of the following methods:
This should reassure all clients that their funds are conveniently available.
You will have three distinct accounts to choose from while trading VideForex CFDs, binary options, or forex. The amount you deposit is determined by the type of account you are eligible for. The three alternatives are as follows:
As you can see, the higher your starting capital, the more day trading assistance you will receive. The astute intraday trader understands that the more tools and resources you have at your disposal, the better your chances of making money.
After making a deposit, you will get access to a VideForex demo account. This is an excellent area to establish a strategy and become acquainted with trading conditions by utilizing the virtual money. When you’re ready, start putting actual money on the line.
Using practice accounts, such as the ones provided by VideForex, is still one of the best day trading advice for beginners.
All enrolled clients get full access to VideForex’s features and services through their demo account. Clients can practice numerous trading strategies for binary options trading and CFD Trading, and forex trading here.
VideForex users will not put their own money in danger by using a demo account. They will instead use virtual funds given by the broker. Clients will, however, need to deposit at least $250 to gain access to the demo account feature.
One of the most intriguing things discovered during this VideForex review is their weekly contests.
There is no entry fee, and each week, twenty winners are announced. Because all accounts immediately participate, both novice and experienced traders can compete. The finest part, however, is a $20,000 reward fund.
With cybersecurity on the rise and internet scams on the rise, being able to trust your broker with your sensitive data is critical. Fortunately, security is a top focus at VideForex.com.
They use a high-tech, sophisticated system to provide consumers with 100 percent secure trade and complete data protection.
Unfortunately, day trading websites occasionally receive negative news as a result of fraudsters. This emphasizes the importance of ensuring that your broker can be trusted.
While VideForex adheres to financial regulation norms, they are not restricted to a single country’s regulatory system. The Finance Group Corp, located on the 2nd Floor, Transpacific Haus, Lini Highway, Vanuatu, has licensed them. It is important to note that VideForex.com, like most US forex brokers, is not regulated by the CFTC.
Whether you’re a currency day trader or interested in CFDs and binary options, the finest online trading organizations must check many boxes. Customer feedback on VideForex reveals that this broker offers a plethora of advantages:
Despite the various advantages, there are some disadvantages to day trading with VideForex:
So, the following question is, what does Videforex have to offer its customers? This will be covered in more detail in the following sections.
Additional Fees: According to the website and VideForex’s customer service agent, they do not charge fees. However, when asked about their commissions and profit split, the salesperson remained silent. The website contains no additional information on commissions or profit-sharing.
Leverage and assets: The assets listed below are available. You can trade digital options and CFDs on the same platform with Videforex.
Options: Options trading on VideForex is available in four asset classes. These include currencies, commodities, cryptocurrencies, and stocks. These assets are listed below. Furthermore, because options trading is already deemed high risk, clients are not forced to trade with leverage.
Currency pairs: USD/CHF, EUR/USD, USD/JPY, USD/CNH, CAD/CHF, CHF/JPY, GBP/USD, EUR/NZD, AUD/NZD, EUR/AUD, USD/SEK, EUR/GBP, EUR/CAD, USD/SEK, EUR/GBP, EUR/CAD, USD/SEK, EUR/GBP, EUR/CAD, USD/SEK, EUR/GBP, EUR/CAD NZD/USD, GBP/CHF, AUD/USD, USD/RUB, USD/CAD, EUR/JPY, EUR/CHF, GBP/JPY, AUD/CAD, GBP/CAD, GBP/AUD, AUD/CAD, GBP/AUD, AUD/CHF
Commodities: Gold, Silver
Cryptocurrencies: Bitcoin, Zcash, Ripple, Monero, OmiseGO, Litecoin, Ethereum, Ethereum Classic, EOS, Dash, Bitcoin Cash, IOTA, and stocks such as Lufthansa, Deutsche, Daimler, and BMW.
Forex and CFDs: VideForex offers CFDs on currencies, commodities, cryptocurrency, indices, and stocks. A list of these is provided below. When it comes to equities, however, there are over 50 CFD stocks available. Apple, Starbucks, Tesla, and Apple are among the most popular stocks on the platform. You may expect to find the seven major currency pairs, as well as minor and exotic pairs when it comes to forex.
These assets can be traded using leverage by clients. The leverage for forex, index CFDs, and commodities CFDs can reach 1:500. Leverage is set at 1:10 for bitcoin CFDs. Finally, the leverage for stock CFDs is one-to-one.
VideForex allows you to trade binary options, forex, and CFDs 24 hours a day, seven days a week. Because hardly every online broker offers this, VideForex is an excellent choice for those with limited time or erratic schedules. Simply said, it assures that applying for a job on the way to work, before bed, or late on a Sunday evening is always a possibility.
The new live video chat function is one of the most appealing aspects of this VideForex review. This function is accessible immediately from their webpage, which should provide traders with a piece of mind.
Agents will be available to resolve any issues via a public or private live video link. This level of assistance is significantly higher than the industry norm. This makes VideForex a good candidate for day traders who are just getting started or those who want to know that live help is only a few clicks away.
If you wish to get in touch with the company that owns the Forex, CFD, and binary options broker, their name is Vide Projects Ltd. Their company registration number is 11461. Their registered office is at 306 Premier Building, Albert Street, Victoria, Mahe, Seychelles.
Contact numbers are:
You can also email support@Videforex.com.
There is no proof that this broker is a scam. However, their approaches are questionable, and the whole thing feels gimmicky to me. This broker’s main “feature” is live cam support: I observed a young woman running it!
The same girl is online on the websites of BinaryCent, BinaryMate, and Finrally. Two brokers (BinaryMate and VideForex) even have the same parent company as the other four. Finpari, a former “brother” of BinaryCent and BinaryMate, was shuttered and widely regarded as a scam. Is VideForex a Scam?? They haven’t made any obvious mistakes and have been in business for a while, so they aren’t the worst. Still, there are indeed better online broker alternatives.
It is entirely possible to build a profitable, successful forex trading business… But there are better ways to build a business other than with forex trading.
Our #1 pick proves this. Because, unlike VideForex, it actually provides real proof of real success from real people as recently as a few days ago.
If you’re seeking the best online day trading brokers, take a look at VideForex. Despite its youth, it offers appealing weekly contests, a custom trading interface, and live video help. Furthermore, with various online trading accounts and simple setup and use, this broker is appealing to both novice and experienced traders.
Yes, VideForex is a legitimate company, even though it does not have the same regulatory standing as some market heavyweights.
VideForex is located in Seychelles, while its parent company, the Finance Group Corp., is located in Vanuatu.
Trust Company Complex, Ajeltake Road, Ajeltake Island, Majuro, Marshall Islands MH96960 is the listed address for the company, which is not regulated. The broker can be reached via phone at +18499370843 or by live chat. Support@videforex.com is the email address.
Yes, VideForex gives a deposit bonus of up to 100%.
The Bronze account has a minimum investment deposit of $250. Accounts can be financed via credit/debit cards, cryptocurrency accounts, and popular e-wallets. Some users said that they had to turn over their referral deposits to receive the referral commissions.
Clients can make withdrawal requests for their profit using the withdrawal request methods. In one hour, clients will receive their cash from VideForex. However, if you withdraw on the weekend or public holidays, there may be a minor delay that you need to wait for almost a whole week. Remember that the minimum withdrawal is $50.
Our review team has come across a program in the real estate industry that is next level! Although it’s not real estate in the traditional sense, it’s all digital.
Where VideForex falls short is in scalability.
There’s only so much time in a day and there’s only so much money you have to start with.
Let’s face it, unless you have a lot of money to start with, you don’t stand to make much money by trading commodities.
But what if you could make even more money off of little local websites without having to worry all day about losing your money in the blink of an eye?
With this digital real estate program, you can make recurring monthly income without worrying about losing all your money overnight!
Sound too good to be true?
Of course, it does!
But it isn’t…in fact, business owners wish they had this skill!
All you have to do is build and rank a LOCAL website and forward the jobs off to a business owner in town, you could even email it to them!
This works for literally any service-based business, tree service, plumbing, towing, etc.
Simple, after you forward the jobs off to a business owner and he makes some money off of them, you simply ask to make the deal beneficial for each other.
A fair price to charge per lead, depending on the industry is 10-20%…let’s just use the tree service industry for example, and go by the worst-case scenario.
Let’s say you build and rank the site and only 10 jobs a month come in. The average tree service job is anywhere from $500-$2000!
That means at a bare minimum you have an asset worth $500 a month!
See why they call it digital real estate now?
That’s a rent payment.
The great thing is how easy it is to scale. You don’t have to worry about spending boatloads of money on a single traffic source to get CRUMBS in affiliate income.
Remember Videforex talking about their little 10% commission off a $50 product?
This one actually allows you to collect HUGE FLAT RATE DEALS. Truly passive income!
The training program takes making money online to a whole other level. The owner of the program walks you through how to build and rank a site hand in hand, with the occasional voice-over when he is sharing his screen.
You will learn the importance of keywords, website name, how to send call notifications via email, backlinking, etc.
Once the training program is completed you will also have access to a Facebook group much better than the Videforex group in my opinion. This group is much more active.
Unlike Videforex, where you’re getting maybe $5 per sale, you could be getting 10-20X THAT.
A business will always want more leads and another job. In fact, it doesn’t even matter that the job isn’t coming from their website name…they see it as it is…expanding digital real estate.
Unlike Videforex, more people have been able to walk away from their 9-5 job as well.
Now, we know you probably have tons of questions… So, check this out to learn more.