Videforex

Videforex Review: Is Videforex Broker Good?

Broker overview and general information

brokerVideforex is a broker that was founded in 2017 and operates under the company Vide Projects Ltd. registered in Seychelles. Despite being a relatively new broker, it has already attracted attention by offering a wide range of trading options, including Forex, CFDs, and Binary Options, covering more than 160 assets, such as currency pairs, stocks, indices, commodities, and cryptocurrencies. However, there are several concerns with this broker to be aware of.As the broker is listed in the blacklist of suspicious brokers, some experts also say that this broker has regulatory and transparency issues and provide advice on how to detect red flags and scams from such brokers.

Broker Licensing and Regulation

If you ask whether Videforex is good or not, you should start by considering the license and registration factors first, which are detailed as follows:

Trading products and services

Trading products

The broker offers the following products for trading:

• Over 60 Forex currency pairs, including major and minor pairs, as well as popular cryptocurrencies.

• Over 50 important stocks from leading companies around the world such as IBM, Coca-Cola, Microsoft, Facebook, Alibaba.

• Major stock market indices such as US DOW, S&P 500, Nasdaq, DAX, FTSE 100 UK, ISE.

• Commodities such as gold, silver, oil, sugar, coffee

• 17 crypto currency pairs followed by Bitcoin, Bitcoin Cash, Ethereum, Litecoin, Ripple, Dashcoin, Monero, Santiment, Zcash, EOS, IOTA

• Binary options on 25 major currency pairs and 14 crypto currency pairs.

Trading Platform

Videforex has its own trading platform, which claims to be available via its website, Android and iOS, but the link to the Play Store to download the application is not accessible, either because the application has been removed from the store or because it did not exist in the first place.

Videforex Review: Account Types

Trading account types are as follows:

Bronze Account Minimum Deposit $250

• Support 24/7 live video support

• Withdraw within 1 hour

• Have a demo account

• There are Copy Trading tools.

• There is a 20% deposit bonus.

Silver Account Minimum Deposit $1000

• Have everything in the Bronze account

• There are online classes (Master Class).

• There is a 50% deposit bonus.

• The first 3 transactions are risk-free.

Gold account minimum deposit $3000

• Have everything in Silver account

• There is a 100% deposit bonus.

Deposit and Withdrawal Review

Deposit

Withdrawal

Videforex Bonuses and Promotions

Trading Contest

Total prize money available$20,000With20 winners every weekWhere traders can participate in contests and have a chance to win prizes every week.

Referral Bonus

When you invite your friends, family or colleagues to trade with Videforex you will receive:Bonus 20%From the deposit of the invited person by sharing the referral link

Giveaway activity

Get trading bonus100%And have the chance to win various prizes such as:Apple Watch, iPhone 15 Pro, iPad Pro, and 27-inch iMacThe prizes will be divided according to the deposit amount, starting from $500 and up. This event will be held fromOctober 1, 2024toOctober 31, 2024And the results will be announced on the dateNovember 5, 2024

Customer Service

24/7 customer support is available, with video chat and call back services to contact customers directly.

• Telephone number:

  • English: +1-849-9370843

  • Russian language: +7-499-7033774

  • Chinese: 3-395-0396

  • Thai language: 02-21345671

  • Singapore: 965-65425142

  • Australia: 61-8-5550-7288

• Email:[email protected]

• Chat on the website

Broker Review Overview Summary

Videforex may be the perfect broker for experienced traders with a high risk tolerance, as the platform has features designed to enable traders to use complex trading strategies, such as Binary Options trading with returns of up to 95% or leverage of up to 1:500, which, while increasing the chances of making profits, also comes with significantly increased risks if not managed well.

It also offers a copy trading feature, which is suitable for traders who want to follow and imitate the strategies of experts. However, the transparency of the master traders' information is still quite limited, which may cause investors to risk making investment decisions without the necessary information.

For new traders or those who are concerned about safety, this broker may not be the best choice. This broker also lacks comprehensive learning materials for beginners, which makes it easier for those who are inexperienced to lose money. Moreover, it is registered under the regulation authority of Vanuatu, which is known to have more relaxed requirements than other regulatory jurisdictions that are more stringent and have higher standards, such as FCA or CySEC. Therefore, it may be a point that investors lack confidence in the legal protection. For new traders or those who want stability, it is advisable to consider carefully and learn more about this broker before deciding to invest.

Frequently asked questions about Videforex

Q: What are the reviews from clients of the broker?

A: From searching for information, it was found that most of the customer reviews were negative, as follows:

• According to reviews on Traders Union, the broker has an overall score of 4.47 out of 10, which is considered below average and is classified as a high-risk broker.

• Some customers have reportedly had bad experiences, such as delayed withdrawals and unprofessional customer service.

• Some reported having issues accessing their accounts and making transactions via the platform.

• There have been complaints that brokers do not comply with the terms and conditions stated.

However, some reviews give it a positive rating, praising its fast withdrawals and efficient customer support.

In summary, most customer reviews tend to be negative, which is consistent with an above-average risk rating, so consider carefully before deciding to use the service.

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