Trading Platform

It is only after undergoing EKYC; you can start to invest and trade on the platform. This is a mandatory process required for verifying the trader’s identity and demographic details. One of the most exciting things about Videforex is that it offers weekly contests for traders. Not only do these contests help you get hands-on experience, but they also bring attractive cash rewards.

  1. This means the broker has muted its trading offering and does not operate.
  2. They take your money and kick you out when they don’t want to pay you.
  3. CFD – object of trade based on a change in a price of an asset in a specified period of time.
  4. Videforex offers 3 live account types; Bronze, Silver, and Gold.

Thus, you can rest assured that your funds will be transferred smoothly and speedily. Featuring search, home screen and order book, and other important features, it helps traders access and uses data more instantly. Moreover, it offers real-time updates on currencies and their changing prices. Ideally, the Videforex dashboard has everything to ensure fast and efficient trading.

VideForex Commissions & Fees

Surely McDonald’s wouldn’t give their recipes to just any corner fast food joint that asks for it, in exchange for a few bucks. Surely Coca Cola wouldn’t reveal their recipe to any beverage producer that asks for it and they wouldn’t let someone else use actual Coca Cola in non-Coca Cola bottles. But hey, maybe VideForex and Dukascopy have some sort of arrangement, let’s not rule out that possibility, although it’s unlikely, as I said before. It goes against our guidelines to offer incentives for reviews. We also ensure all reviews are published without moderation. We use dedicated people and clever technology to safeguard our platform.

Another difference is that IQ Option is regulated by CySEC, while VideForex is not regulated. A dashboard is the first thing that defines our experience with an application. It provides a quick view of all elements needed for smooth and seamless navigation.

Spreads & Commissions

However, the lack of assets to trade, regulation and platforms could be red flags for some. The firm has grown in popularity due to the increase of swing trading binary options, CFDs and FX. Videforex.com https://bigbostrade.com/ offers a bespoke trading platform on the web and a free mobile application. The broker doesn’t provide any info regarding the minimum or the maximum required trade sizes on its website.

Despite this, Videforex is a legitimate broker and not a scam. The unique features offered may offset the risk of limited regulatory oversight. Forex broker Videforex accepts deposits in a range of cryptocurrencies. We also use different external services like trading diary Google Webfonts, Google Maps, and external Video providers. Since these providers may collect personal data like your IP address we allow you to block them here. Please be aware that this might heavily reduce the functionality and appearance of our site.

Opinions, market data, and recommendations are subject to change at any time. The financial products offered by the promoted companies carry a high level of risk and can result in the loss of all your funds. You should never invest money that you cannot afford to lose. A trading bonus of 20 %, 50%, or 100% will be granted to users depending on their account type. The exact amount of the bonus depends on your initial deposit.

Gold accounts are also given access to the same features as Silver accounts. The only difference is Gold clients will be given a personal success manager and a 100% bonus instead. Added to the 100% bonus, the total funds would be $6,000.

Minimum deposit of Videoforex

Almost immediately, you’ll notice that the platform offers a user-friendly layout and extra clean design. While the broker doesn’t clarify the benefits of using their web-based version while binary options or day trading, they had the following to say about their mobile versions. We also confirmed that the minimum sizes on trades might be different for each kind of CFD and other instruments, including binary options. The company recommends refering to the trading platform for information on maximum and minimum position sizes. Gold and Silver account holders are also treated to a web-based platform “Master Class” session that’ll presumably teach them how to trade forex financial instruments. More info on how or when you’ll be able to access said class will be available after users create their trading accounts.

Psychology of Trading: How Emotions Affect When to Enter a Forex…

Personally, I highly doubt that transactions are done so fast but let’s hope I am wrong. Videforex processes all withdrawal requests within 1 hour. No traders from the United States are unable to open an account and trade with Videforex.

Nonetheless, this worldwide brokerage firm’s services are banned in the United States and a few Asian and European areas. The Referrer has the right to claim a commission for attracting a client only if the client has proven activity with a binary options trading turnover of at least 100% of the deposit. Company may request from Client a confirmation of accuracy of the personal account data for a due diligence and in the event of a withdrawal request. Company may request a notarized copy of the Client’s ID and the document proving his place of residence. Company must notify the Client about the reasons for the above decision.

Also, the fee charged on trading leveraged assets is higher than the fee charged on un-leveraged assets. For example, on un-leveraged CFD assets, Videforex levies a fee of around 1 – 2.5% of the transaction. Whereas on leveraged CFD assets, the fee could go up to 5%.

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