To open a Videforex demo account: visit the official Videforex website, click on the “Create Free Demo Account” button, fill out the online registration form,verify your email, ensure that the documents you provide are both valid and up-to-date and start trading virtual funds.
Videforex Demo Account Review
Updated: September 29, 2023
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This article offers a comprehensive review of the Videforex Forex Demo Account, detailing its features, advantages, and the step-by-step process to set it up. By understanding the functionalities and benefits of this options demo account, readers can make an informed decision about whether it aligns with their trading needs and aspirations.
How to open Videforex demo account
1
Access the official website. Begin by directing your browser to the official Videforex website. Once there, scout for the 'demo account' option and select it. This is your first step towards experiencing the platform without any financial commitments.
2
Complete the registration form. Upon selecting the demo account option, a popup registration form will materialize. It's essential to fill in all the required fields accurately. Ensure you provide genuine details and submit the form within the stipulated timeframe.
3
Await broker communication. After successfully submitting your registration form, exercise patience. The broker will review your submission and subsequently reach out to guide you through the next steps.
4
Provide necessary documentation. For verification purposes, you'll be requested to submit specific identity and residence proofs. Ensure that the documents you provide are both valid and up-to-date.
5
Verification process. Videforex prioritizes the security of its users. Therefore, the broker will meticulously verify the documents you've submitted, ensuring they match the details you provided during registration.
6
Acquire your login credentials. Post-verification, if all details align, you'll be furnished with your unique login credentials. Safeguard these details as they are your gateway to the platform.
7
Dive into trading. With your credentials at hand, log into the Videforex platform and embark on your trading journey. The demo account offers a risk-free environment, perfect for honing your trading skills before transitioning to a live account.
Videforex demo account review and features
The VideForex Forex demo account is a gateway for traders to familiarize themselves with the world of forex trading without the risk of real monetary loss. Here are its main features:
Replica of live trading. The demo account mirrors the VideForex live trading account, allowing traders to engage in forex transactions and monitor their progress in a simulated environment.
No minimum balance. Traders can dive into the forex market and trade without money minimum account balance, a feature mandatory for live trading accounts.
Diverse investment options. The account provides access to a wide range of investment tools, enabling traders to place orders and experiment with different trading strategies.
Access to trading platforms. Traders can explore various trading platforms and utilize the options they offer.
Reliability. The VideForex demo account is designed to be dependable, offering traders a holistic learning experience without any hidden charges.
Advantages of a Videforex.com demo account
A Videforex demo account allows traders to practice and refine their trading strategies in a risk-free environment, helping them gain valuable experience without risking real capital. Learn these key benefits of demo-trading:
Risk-free learning. Traders can develop strategies and familiarize themselves with market conditions using virtual money. Once confident, they can transition to live trading.
Full-featured access. The demo account offers almost all the features of a live trading account, ensuring a realistic trading experience.
Educational opportunity. Before diving into live trading, traders can gain substantial knowledge about the Forex market through the demo account.
Test trading strategies. Traders can validate their trading strategies in real-time market conditions without any financial repercussions.
Access to trading platforms. The demo account provides access to various trading platforms, ensuring a comprehensive trading experience.
Risk-free environment. The demo account offers a safe space for traders to practice without the fear of incurring losses.
Features of Videforex practice account
The VideForex demo account offers a reliable, no-minimum-balance way to experience a realistic trading environment with diverse tools and access to multiple platforms, closely resembling live trading.
Replica of live trading. The demo account mirrors the live trading environment, allowing for realistic forex transactions and progress monitoring.
No minimum balance requirement. Traders can start without any initial deposit, a feature not available in live trading accounts.
Diverse investment tools. The account provides a plethora of investment options, ensuring a comprehensive trading experience.
Access to multiple platforms. Traders can explore and utilize various trading platforms.
Reliability. The VideForex demo account is designed to be a reliable learning tool for all traders.
FAQ
How to open an account with a Facebook account?
Videforex doesn’t support account creation using a Facebook account.
How to open an account with a Google+ account?
Videforex doesn’t support account creation using a Google account.
Open an account in the Videforex app for Android?
To open an account on Android, search for "Videforex" in the Play Store, download the app, and follow the in-app instructions to set up your account.
Can I trade without investment?
Yes, with the Videforex demo account, you can trade without any real monetary investment.
Team that worked on the article
Alamin Morshed
Contributor
Alamin Morshed is a contributor at Traders Union. He specializes in writing articles for businesses who want to improve their Google search rankings to compete with their competition.
Over the past four years, Alamin has been working independently and through online employment platforms such as Upwork and Fiverr, and also contributing to some reputable blogs. His goal is to balance informative content and provide an entertaining read to his readers.
His motto is: I can dream or I can do—I choose action.
Dr. BJ Johnson
Developmental English Editor
Dr. BJ Johnson is a PhD in English Language and an editor with over 15 years of experience. He earned his degree in English Language in the U.S and the UK. In 2020, Dr. Johnson joined the Traders Union team. Since then, he has created over 100 exclusive articles and edited over 300 articles of other authors.
The topics he covers include trading signals, cryptocurrencies, Forex brokers, stock brokers, expert advisors, binary options. He has also worked on the ratings of brokers and many other materials.
Dr. BJ Johnson’s motto: It always seems impossible until it’s done. You can do it.