VIDEFOREX

Overview of VIDEFOREX

VIDEFOREX is a forex broker based in the Marshall Islands and has been founded within the past 2-5 years. It offers a range of financial instruments for clients to trade. The platform features a proprietary web, Android, and iPhone trading platform and accepts a variety of payment methods, including Visa, MasterCard, Bitcoin, Altcoins, and Ethereum. VIDEFOREX offers three different account types: Bronze, Silver, and Gold, each with their own unique features and benefits. The minimum deposit required to open an account is $250, and the maximum leverage provided is 1:100.

However, VIDEFOREX does not have a valid regulation in place, which means that customers should exercise caution when considering trading with them. Additionally, the platform does offer 24/7 phone support for customers with any questions or issues.

Is VIDEFOREX legit or a scam？

It has been verified that VIDEFOREX currently has no valid regulation. When a broker has no valid regulation, it means that they do not have a license from any financial regulatory authority. This lack of regulation can put clients at risk, as there is no oversight or protection in place to ensure that the broker is operating fairly and honestly. Therefore, potential clients should exercise caution when considering trading with a broker with no regulated license. It is important to thoroughly research the broker and their reputation, as well as consider the risks involved before making a decision to trade.

Pros and Cons

VIDEFOREX offers several advantages for clients who are interested in trading on their platform. They provide a wide range of financial instruments for trading, including Forex currency pairs, CFDs, and options. Additionally, clients can access 24/7 phone support, a demo account to practice trading strategies, and a proprietary trading platform that is both accessible on web and mobile devices. VIDEFOREX also accepts various payment methods, including cryptocurrency, which can appeal to clients who prefer to use these methods.

However, there are also some disadvantages to be aware of when using VIDEFOREX. One significant drawback is the lack of valid regulation in place, which can be a concern for potential customers. Additionally, there may be potential transfer fees for some payment methods, and the platform does not offer any educational resources for clients who are new to trading. The minimum deposit required to open an account is also relatively high at $250. Moreover, customer support options are limited, and there is no MT4/MT5 trading platform option. It is crucial for clients to carefully weigh the pros and cons of trading with VIDEFOREX before making a decision.

Market Instruments

VIDEFOREX provides clients with access to a wide range of financial products, each with its own unique characteristics:

1. Forex Currency Pairs: VIDEFOREX offers a variety of major, minor, and exotic currency pairs for trading. This allows clients to speculate on the exchange rate movements between different currencies, taking advantage of potential profit opportunities in the global foreign exchange market.

2. CFDs (Contracts for Difference): Clients can trade CFDs on various underlying assets such as stocks, indices, commodities, and cryptocurrencies. CFDs enable traders to speculate on the price movements of these assets without actually owning them, offering potential benefits such as leverage and the ability to profit from both rising and falling markets.

3. Options: VIDEFOREX provides options trading, giving clients the opportunity to buy or sell options contracts based on their market predictions. Options provide flexibility in terms of risk management and offer potential for profit through various strategies, such as buying call or put options or employing complex options spreads.

Overall, VIDEFOREX provides a diverse selection of financial products, including Forex currency pairs, CFDs, and options, enabling clients to trade a range of assets and pursue their desired investment objectives.

Account Types

VIDEFOREX offers three different account levels: Bronze, Silver, and Gold.

The Bronze account offers 24/7 Live video chat support, withdrawals in 1 hour, a demo account, and a Copy Trading tool. As a bonus, clients can increase their deposit by 20%.

The Silver account includes all of the features of the Bronze account, as well as a Master class (web session) and the first 3 risk-free trades. As an added bonus, clients can increase their deposit by 50%.

Finally, the Gold account includes all of the features of the Bronze and Silver accounts, as well as a Personal success manager to provide clients with customized trading support. Clients can also increase their deposit by 100%, and also receive the first 3 risk-free trades. Additionally, they have access to the Master class (web session). With the Gold account, clients can receive the highest level of personalized support with a dedicated manager to assist them in navigating the platform and executing successful trades.

Here is the table of the comparison of account types.

How to Open an Account？

To open an account with VIDEFOREX, follow these steps:

1. Go to the VIDEFOREX website (https://VIDEFOREX.com/) and click on the Open an Account

button.

2. Fill in the registration form with your personal details, including your name, email address and phone number.

3. Choose your account type and select your preferred currency.

4. Read and agree to the terms and conditions.

5. Click on the “Open Account” button to complete the registration process.

6. Verify your identity by providing the required documents, such as a passport or driver's license. 7. Make a deposit into your account using one of the accepted payment methods.

8. Start trading on the platform using the available tools and resources.

Minimum Deposit

The minimum deposit of $250 required to open an account with VIDEFOREX means that clients can start trading with a relatively small amount of capital. This can be beneficial for new traders who want to dip their toes into the world of trading without risking too much. However, it is important to note that while a smaller initial deposit may be attractive, traders may need to increase their investment later on in order to achieve their financial goals. Additionally, clients should carefully consider the risks involved before trading with any amount of capital.

Maximum Leverage

The maximum leverage of 1:100 offered by VIDEFOREX means that clients are able to trade with borrowed funds, allowing them to potentially increase their returns on investment. Essentially, leverage allows traders to control larger amounts of assets with smaller amounts of capital. However, while leverage can amplify profits, it also amplifies losses, meaning that traders are also at risk of losing more than their initial investment. Therefore, it is important for clients to use leverage responsibly and consider the potential risks involved before trading with maximum leverage.

Trading Platform

The trading platform provided by VIDEFOREX is an Android and iPhone based platform for CFDs and Options trading. The platform allows clients to stay connected with the global market and not miss out on any trading opportunities.

The application 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 benefits of the platform include instant execution of trades, live charts of every option available, the ability to view trade history, and the same login as the web-based platform.

The application is free to download and use. Overall, the platform offers convenient and efficient trading for clients on-the-go.

Deposit & Withdrawal

VIDEFOREX accepts payment methods including Visa and MasterCard, Bitcoin, Altcoins, and Ethereum. There is a transfer fee of 5% for Visa and MasterCard payments, while cryptocurrency payments have no transaction fee. Deposits made using Visa and MasterCard are credited instantly, while cryptocurrency deposits are also processed instantly. Withdrawals are processed within up to 1 hour for all payment methods. It is important to note that there may be additional fees or restrictions imposed by the payment providers themselves, so clients should check with their provider before making transactions with VIDEFOREX.

Customer Support

The broker provides customer support through call back services, and their phone number is +18499370843. It is not clear whether their customer support is available 24/7 or if there are other methods of contact available. Potential clients may need to contact the broker directly for more information on their customer support services.

Conclusion

In conclusion, VIDEFOREX offers a trading platform with a wide range of financial instruments available for clients to trade. However, there are several disadvantages to consider, such as the lack of valid regulation, potential transfer fees, a high minimum deposit requirement, limited customer support options, and no educational resources offered. Nevertheless, the platform does offer 24/7 phone support, a demo account, and a proprietary trading platform accessible on web and mobile devices. Clients must weigh the risks and benefits of trading with VIDEFOREX before making a decision.

Frequently Asked Questions (FAQs)