WikiFX Review: Is VIDEFOREX trustworthy?

VIDEFOREX | 2022-05-10 18:21

Abstract：Can you withdraw money from VIDEFOREX? Is VIDEFOREX legal in your country? WikiFX made a comprehension review on this broker to help you better understand the truth, we will analyze the reliability of this broker from specific information, regulation, exposure, etc. And you should never miss it.

What VIDEFOREX is

Registered in Seychelles, VIDEFOREX is a Forex trading broker. We don‘t know who owns this company yet since we lack information about this broker based on its website. According to WikiFX, this broker has been given a pretty low rating of 1.43/10. WikiFX doesn’t advise people to invest in a broker with a low score.

Regulation

VIDEFOREX doesn‘t hold a legitimate license, this means that VIDEFOREX is an unregulated broker. It is risky for traders to work with an unregulated broker as it may take traders’ money away fraudulently.

Account types

VIDEFOREX offers three types of trading accounts, they are Bronze, Silver, and Gold. The minimum deposit is $250. Besides, VIDEFOREX also provides traders with demo accounts.

Customer Support

Traders can contact VIDEFOREX through live video chat.

Deposit & Withdrawal

Traders can choose several ways to deposit and withdraw funds from their VIDEFOREX accounts, mainly VISA, MASTERCARD, Bitcoin, Ether, NETELLER, Skrill, Perfect Money, and VLOAD. Traders who deposit funds via VISA/MASTERCARD need to pay a 5% transfer fee.

Trading Platform

This broker uses the non-MT4/MT5 platform as its main trading platform.

Feedback from clients

As of May 10, 2022, WikiFX has received 2 complaints about this broker.

One trader from Colombia claimed that he/she was unable to withdraw money due to suspicious manipulation.

Similar to the first case, another trader who comes from Mexico complained that VIDEFOREX didn't allow him/her to withdraw money.

Conclusion:

WikiFX doesn't recommend traders to invest in an unlicensed broker, like VIDEFOREX. Please do more research and make yourself comfortable before making a decision. If you want to know more information about the reliability of certain brokers, you can open our website (https://www.WikiFX.com/en). Or you can download the WikiFX APP for free through this link(https://www.wikifx.com/en/download.html). Running well in both the Android system and the IOS system, the WikiFX APP offers you the easiest and most convenient way to seek the brokers that you are curious about.

Broker Forex trading Forex Broker

Related broker

No Regulation

VIDEFOREX

Company name：INVOLVA CORP

Score

1.54

Website：https://www.videforex.com/

5-10 years | Suspicious Regulatory License | High potential risk |

Score

1.54

Why Do Experienced Traders Care About Forex Spreads?

In Forex trading, even small fluctuations can make a significant difference, especially over the long term. One crucial factor that seasoned traders pay close attention to is the spread – the difference between the bid (selling) price and the ask (buying) price of a currency pair. While beginners may overlook its impact, experienced traders understand that spreads play a crucial role in trading costs, strategy selection, and overall profitability.

Original 2024-11-10 08:30

How Useful is Reviewing Last Year's Data for Trading Analysis?

Analyzing last year's trading data offers invaluable insights into market trends, helps refine trading strategies, and enhances decision-making for future trades.

Original 2024-11-09 08:30

Beginner 101: WikiFX’s Guide on How to Choose the Right Broker

For new traders entering the world of forex, choosing the right broker is one of the most crucial decisions they’ll make. A reliable broker can serve as a trusted partner, providing a platform that’s secure, transparent, and regulated. However, with thousands of options available, selecting the right broker can be overwhelming. That is why WikiFX is here to make things easy for you!

Original 2024-11-09 08:00

Trading is Not Gambling—Unless You Make It So

In the world of online trading, a common misconception persists: trading is often seen as no different from gambling. This belief is particularly prevalent among newcomers, who may view the financial markets as a fast-paced game where winning is just a matter of luck. But trading, when done correctly, is far from mere chance!

Original 2024-11-08 17:27