How to Trade on VideForex - step-by-step guide
VideForex is a great platform to start CFD and binary trading. Traders will get access to over 100+ assets and even 98% payouts which is relatively high compared to other platforms. Comparatively, VideForex isn’t a cheap platform to start trading, but it isn’t that expensive for all its benefits.
Therefore, this article covers how to buy/sell on VideForex, the available trading instruments, the platform and features, the costs of trading, and the process of starting to trade on the platform. Continue reading to find more details.
Best Binary Options BrokersAvailable trading instruments on VideForex
VideForex offers a wide range of trading instruments, including Forex, stocks, commodities, indices, and cryptocurrencies. The platform provides the benefit of leveraged CFDs and binary options. These are available for major, minor and exotic currency pairs.
Apart from that, there are various commodities to trade on the platform. The users can also get the benefit of trading cryptocurrencies such as Bitcoin. As far as indices are concerned, the users can trade on the FTSE 100, Dow Jones 30, and S&P 500.
Platform & Features
VideForex offers a web-based trading platform and a mobile app, both of which are user-friendly and offer a variety of features such as real-time quotes, charting tools, and market analysis. Apart from these, some of the notable features of the VideForex platform include the following:
VideForex is quite famous for hosting different trading content. The traders who enter the contest do not need to pay any charges.
The traders can get access to the economic calendars that will help them understand the market conditions.
The users can get access to copy trading tools.
Gold Account holders can get web masterclass sessions on trading.
VideForex is hailed to be one of the most user-friendly trading platforms.
The platform's features make it easier for users to learn how to buy/sell on VideForex.
Best Binary Options Trading PlatformsHow much does it cost to trade on VideForex?
The costs of trading on VideForex include spreads, the difference between an asset's bid and ask price, and swaps, the overnight interest charged or credited on positions held overnight. There may also be commissions for specific trades.
VideForex charges a 0.07% swap fee of the trade’s face value if the user decides to hold the position overnight. Users who create the account do not need to pay additional registration or maintenance charges. Nonetheless, users who do not execute even one trade a month will need to pay $10.
Best Binary Options Brokers With Low Minimum DepositsHow to start trading with VideForex?
It is possible to open an account on VideForex and start trading. The process typically involves filling out an online application and submitting identification documents for verification. Once the broker approves their account, the traders can start trading.
Users may want to understand how to buy on VideForex or even how to sell on VideForex. Well, it is important to note that both processes are quite similar. It depends on setting the limit and choosing between Buying and Selling. The users may start following the steps below to understand the procedure for buying and selling on VideForex.
The steps to start trading are as follows:
Create an account on VideForex.
Create an account on VideForex
Deposit the money or use the demo account with tools for trading.
Choose what to trade- indices, crypto, Forex, or binary.
Choose the pairs in which the user wants to trade.
Observe the market and place the trade.
To Buy, click on the Buy option.
To sell, click on the Sell option.
Place a stop loss.
Execute the trade.
How to trade binary options at VideForex?
It is quite simple and easy to trade binary options in VideForex. The users new to the platform will need to follow the basic steps to ensure they can easily start trading. Exploring the forum a little before starting the trade will help the users understand how to trade binary options on VideForex.
To trade binary options on VideForex, the users will need to follow the steps below:
Log in to the platform using the trader login credentials.
Login to your account on VideForex
On the top left of the platform, select the asset.
Choose the binary option to trade on- long-term, turbo or intraday.
Choose the expiry time and how much to invest.
Check the payout percentage the platform is offering.
Click Up or Down to determine the rise or fall of the price, respectively.
Wait for contract expiry.
Let's do an example of how to trade on VideForex.
To illustrate the process of how to trade on VideForex, let's say a user wants to buy one lot of EUR/USD. Here are the steps the user will need to learn how to buy/sell on VideForex:
They would go to the trading platform.
VideForex trading platform
Select the EUR/USD pair.
Enter the amount they want to buy in the order window.
They would then choose the type of order (market or limit) and submit the trade.
To sell the asset, they would follow a similar process but select "sell" instead of "buy."
FAQs
How do I place a trade on VideForex?
To place a trade on VideForex, log in to your account and select the asset you want to trade. Enter the trade details, such as the trade size and the type of order (market or limit), in the order window and submit the trade.
Can I set up a stop loss and take profit orders on VideForex?
Yes, VideForex allows you to set up stop loss and take profit orders to close a trade when it reaches a specific price automatically. This can help you manage risk and lock in profits.
Are there any fees for placing trades on VideForex?
There may be fees for specific trades, such as those with low liquidity or high volume. It is essential to review the fees on the VideForex website before placing a trade.
Can I see my trade history on VideForex?
Yes, VideForex provides a trade history feature that allows you to view past trades and track your performance. You can access this information by going to the "History" tab on the platform.
Team that worked on the article
Andrey Mastykin is an experienced author, editor, and content strategist who has been with Traders Union since 2020. As an editor, he is meticulous about fact-checking and ensuring the accuracy of all information published on the Traders Union platform. Andrey focuses on educating readers about the potential rewards and risks involved in trading financial markets.
He firmly believes that passive investing is a more suitable strategy for most individuals. Andrey's conservative approach and focus on risk management resonate with many readers, making him a trusted source of financial information.
Ivan is a financial expert and analyst specializing in Forex, crypto, and stock trading. He prefers conservative trading strategies with low and medium risks, as well as medium-term and long-term investments. He has been working with financial markets for 8 years. Ivan prepares text materials for novice traders. He specializes in reviews and assessment of brokers, analyzing their reliability, trading conditions, and features.