According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
- $50
- Mobile application
- Proprietary platform
- Rollover, Sell trade, Double up, Live trades copying, TradeBack
Our Evaluation of VideForex
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
VideForex is a moderate-risk broker with the TU Overall Score of 6.24 out of 10. Having reviewed trading opportunities offered by the company and reviews posted by VideForex clients on our website, Traders Union expert Anton Kharitonov recommends users to thoroughly analyze pros and cons before opening an account with this broker as not all clients are satisfied with the company, according to reviews.
VideForex is a broker for novice traders and professional market participants that allows you to make trades on your own or receive income through the trade copying service.
Brief Look at VideForex
VideForex is an international broker that allows traders from all over the world to trade on the Forex market. The company provides clients with more than 100 instruments, ways to earn passive income, and three types of accounts that differ in various functions. VideForex indicates that its activities are regulated and the personal data of users is protected.
- You have access to a demo account.
- Support is available 24/7.
- The broker offers several methods to deposit and withdraw funds.
- Customers of VideForex may trade independently, as well as copy trades of professional traders.
- Transactions can be made from the broker's web platform and through mobile apps.
- VideForex provides lightning-fast execution of withdrawal transactions, within 1 hour.
- The broker does not provide educational materials for its clients.
TU Expert Advice
Financial expert and analyst at Traders Union
VideForex is a Forex broker whose mission is to provide traders from different countries with comfortable conditions for active trading. The broker is also ready to cooperate with clients who prefer passive means of earning and offers them the use of its trade copying service. Also, clients of VideForex may earn income for attracting new clients to the company and participating in contests and drawings, which the broker holds systematically.
Traders will need from $50 to open an account. Currency pairs, stocks, indices, commodities, and metals are available for clients of VideForex. In total, in the range of VideForex, more than 100 assets are presented. Binary options trading is also available to traders who like greater risks.
VideForex Summary
Your capital is at risk. CFDs are considered complex derivatives and may not be suitable for retail clients. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. The products mentioned here may be affected by changes in currency exchange rates. If you invest in these products, you may lose some or all of your investment, and the value of your investment may fluctuate. You should never invest money that you cannot afford to lose and never trade with borrowed money.
| 💻 Trading platform: | VideForex proprietary web platform, mobile apps for iOS and Android |
|---|---|
| 📊 Account types: | Bronze, Silver, Gold, VIP |
| 💰 Account currency: | USD, EUR, GBP, RUB, BTC, ETH |
| 💵 Deposit / Withdrawal: | VISA/MasterCard, Bank wire transfer, Bitcoin, Ethereum, Litecoin, Altcoins, Neteller, Skrill, Perfect Money |
| 🚀 Minimum deposit: | 50 USD |
| 📈️ Min Order: | 0,01 USD |
| 🔧 Instruments: | Shares, currencies, indices, metals, commodities |
| 📱 Mobile trading: | Yes |
| ➕ Affiliate program: | Yes |
| ⭐ Trading features: | Rollover, Sell trade, Double up, Live trades copying, TradeBack |
| 🎁 Contests and bonuses: | Giveaway, Risk free trades, Extra promotions on Public holidays |
There are about 100 trading instruments available to clients of VideForex which include currency pairs, commodities, cryptocurrencies, stocks, and indexes. Binary options trading is also available. To start trading, traders can open one of three types of real accounts, which differ from each other in the presence of additional features. Trading conditions are the same for all VideForex clients. The minimum deposit amount is USD 50, accounts are presented in four base currencies: USD, EUR, GBP, RUB. The leverage reaches 1:500. Traders can test new trading strategies and styles on a demo account.
VideForex Key Parameters Evaluation
Video Review of VideForex
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Trading Account Opening
Trading with VideForex is available for those who have opened an account with the broker and made a deposit. How to open a trading account is described in the step-by-step instructions below:
Open the official website of the broker. On the main page; at the top of the screen, click on the "Sign up" button to open an account with VideForex.
Fill in the form with your personal data such as your first name, last name, phone number, email address (it will be used as a login in the future), think up a password to log in, and choose the account base currency. If the trader has a promo code, it can be entered in the specified line. Here you can also read about the risks and the User Agreement.
The next step is to log in to your personal account using your email and password.
The functionality of the VideForex personal cabinet:
Auxiliary features available in trader’s personal account:
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Transaction History, which allows you to track the activity on your account. Brokers recommend checking the history to make sure the account is protected from third parties.
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Support, which a trader can contact at any time. To do this, it is necessary to create a request for help by executing a ticket.
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Promotions. In this section, you can find current promotions in which a trader can participate.
Regulation and safety
VideForex broker indicates on its homepage that its activities are regulated.
There is also no information on what methods the company uses to protect the personal data of the client.
Advantages
- The Company is registered with INVOLVA CORP - Nr. 104693
- Videforex is protected with advanced network security measures, including 256-bit SSL encryption, that protect investments and data
Disadvantages
- The broker does not provide educational materials for its clients.
Commissions and fees
| Account type | Spread (minimum value) | Withdrawal commission |
|---|---|---|
| Bronze | From $5 | No |
| Silver | From $5 | No |
| Gold | From $5 | No |
| VIP | from 5$ | Withdrawal |
The amount of commission for transferring a position to the next trading day is 0.07% of the size of the current position. There are no non-swap (Islamic) accounts in VideForex.
To make objective conclusions about the trading commission in VideForex, TU also compared the same figures with those of VideForex competitors, such as RoboForex and FxPro companies. As a result of the comparison, each broker received a certain level of commitment.
| Broker | Average commission | Level |
|---|---|---|
|
$5 | |
|
$10 | |
|
$7 |
Account types
VideForex broker offers its clients four types of trading accounts. Trading conditions on the accounts are the same, the only difference is the availability of additional features.
Types of accounts:
To hone their trading skills and test new trading strategies, VideForex clients can use a free demo account with no financial losses due to virtual money trading.
Deposit and withdrawal
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A trader can make a deposit or withdraw the earned funds directly in the personal cabinet. For withdrawals, VideForex offers the following methods: VISA/MasterCard, Bank wire transfer, Bitcoin, Ethereum, Litecoin, Altcoins, Neteller, Skrill, Perfect Money.
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The deposit fee is absent for all payment systems except bank cards. For them, the fee is 5%.
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To conduct financial operations, a trader needs to verify his account.
Investment Options
VideForex offers trading conditions for independent earnings as well as for passive earnings without actively trading.
Copy trading is a service for earning passive income
VideForex’s copy trading service allows traders to earn income even if they have no trading experience or don't want to spend time trading. The service is suitable for novice traders and professionals because the main purpose of the copy service is to provide the user with income without his having to intervene in the trading process. For example:
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First and foremost, the trader needs to open a real account, make a deposit and then select the "copy trades" function in the trading platform.
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The trader himself chooses whose trades to copy. In this way, he can control the income and, if necessary, refuse to copy transactions of a specialist, if the results seem unsatisfactory to the user.
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For copying trades, the user pays a commission to a professional trader.
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No trading experience is needed to use the copy service. All actions with assets are performed by a professional, the copy service just allows you to copy the expert’s trades to your account and thus make a profit without taking part in trading.
The service of copying trades can be used by all traders, regardless of what type of account they have opened and whether they have any experience in trading in the market.
If you are a large investor and plan on investments over $10,000, contact us at vip-invest@tradersunion.com or by the feedback form on our website. Our professional team will take you through all the intricacies of the deal and all the steps from signing up to withdrawal of profits.
VideForex’s affiliate program:
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Referral. This program allows you to earn income for attracting new clients to VideForex. The task of the program participant is to share his referral link to the VideForex broker in social networks. For each client who follows his link, opens an account at VideForex, and deposits money into the company, the participant of the program will receive 20% of the referral's (attracted client's) deposit.
The referral program allows receiving non-trading income and is suitable for those clients who are active in social networks or have no experience in trading.
Customer support
VideForex's support team is here to assist traders with any questions or issues that arise during the trading process. They are available 24/7 and you can contact them at any time of the day, including holidays and weekends.
Advantages
- Employees are available 24 hours a day, 7 days a week.
- Support is multi-lingual
Disadvantages
- Few ways to contact support
This broker provides the following communication channels for its clients:
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call the number indicated in the header of the site;
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order a call-back response;
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fill in the feedback form on the VideForex website;
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write a message in an online chat on the broker's website.
Both registered users and website visitors who have not yet opened an account with the broker can contact VideForex staff to ask a question or solve a problem. Traders can request a response from the support service via their personal accounts.
Contacts
| Foundation date | 2017 |
|---|---|
| Registration address | Trust Company Complex, Ajeltake Road, Ajeltake Island, Majuro, Marshall Islands MH96960 |
| Official site | https://videforex.com/ |
| Contacts |
English +1-829-9476393, Russian +7-499-7033774, Chinese 3-395-0396, Thai 02-21345671, Singapore 965-65425142, Australia 61-8-5550-7288
|
Education
VideForex broker does not provide its clients with training materials or resources that may be useful for beginners and professionals.
To test their trading skills and new trading strategies, VideForex clients can use a free demo account, without the risk of financial losses because the money is virtual.
Comparison of VideForex with other Brokers
| VideForex | Pocket Option | Binarium | Binary.com | OlympTrade | DaxRobot | |
| Trading platform |
Proprietary platform, Mobile platforms | MT5, Web, Mobile | Binarium | Deriv Trader, MT5 | Proprietary platform, Web, Mobile | Daxbase web platform |
| Min deposit | $50 | $5 | $5 | $5 | $10 | $250 |
| Trading instruments |
Commodities, Currencies, Options, Stocks, Crypto, currency pairs / CFD | currency | indexes, Currencies, Cryptocurrencies | indexes, Forex, goods, stock, random index | Currency pairs, cryptocurrencies, Composites, stocks, indices, commodities, ETFs, OTCs - Over-the-Co | Binary options (fiat currencies and cryptocurrencies) |
| Signals | Yes | No | No | No | Yes | No |
| Analytical support |
Yes | No | No | Yes | Yes | No |
| Training | Yes | No | No | Yes | Yes | No |
| Additional tools |
Copy Trading tool | Copy Trading tool | No | premature closing | No | No |
Detailed Review of VideForex
VideForex broker is the choice of traders with any level of experience in trading Forex assets. Its main task is to provide optimal international trading conditions that are beneficial both for professional traders and beginners. The range of VideForex instruments includes stocks, currency pairs, metals, cryptocurrencies, indices, and commodities. In total, the company has more than 100 assets, which are available to all clients, regardless of the type of account. The company offers such features as Rollover (extends the transaction time), Double up (doubles the transaction), Sell (allows to sell the transaction before the expiration time), Risk free trades (non-risk transactions when the loss is covered by the new balance). In addition, the company offers Live trades function that differs from Copy trading by allowing one to copy all users who are currently trading.
VideForex by the numbers:
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It takes 3 minutes to open an account with VideForex.
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The withdrawal fee is US$0.
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Traders have 4 account types to choose from.
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VideForex offers 4 options for the base currency of the account.
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The support team works 24/7.
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The broker offers more than 100 instruments to trade.
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The average payment processing time is 40 minutes.
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The amount of leverage reaches 1:500.
VideForex is a broker for active trading and earning passive income
Clients of the VideForex company can earn by making transactions by themselves, but for those who want to receive passive income, the broker offers a trade copying service that allows you to copy transactions of a professional trader to your account and earn income without taking part in the trading process. Such a variant of earnings is suitable for professionals as additional income and for beginners who can not only receive income but also learn by watching professional traders. VideForex also periodically holds trading contests, and traders can participate in promotions and bonus events. Another way to earn an income is by trading binary options, which are also available at VideForex.
To get started, VideForex traders do not need to install any additional software on their computers. All they need to do is log in to their personal account from their browser, where the broker's web platform will automatically open. It is also possible to trade from mobile devices; you only need to install the application on your smart device.
Useful services of VideForex:
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FAQs. This section contains short answers to frequently asked questions among traders who plan to open an account with VideForex.
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Trade copying service. This allows getting income without actively participating in trading on your own. This service is suitable for professionals as a source of additional income, beginners can also use the service to learn to trade following the examples of a professional trader.
Advantages:
Clients of the company can contact the support service at any time of the day or day of the week.
There is no need to install any software to start trading; the work is done within the web terminal.
Traders who opened Silver and Gold accounts have 3 risk-free trades available.
VideForex offers convenient ways to make financial transactions and a high speed of payment processing.
The broker's clients may earn income by independently trading or by copying the trades of professionals.
Making transactions is possible from a mobile device; all you need to do is install a mobile app.
VideForex provides services on an international level, which means that a resident of any country can open an account.
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