Is VideForex a safe broker?
VideForex is a legitimate platform that is registered in the Marshall Islands. The legal entity behind Videforex is called INVOLVA CORP. It ensures that the traders follow the platform's rules and their respective countries while trading.
VideForex is a globally recognized broker that facilitates trading on the Forex market for traders worldwide. VideForex emphasizes that it operates under regulatory oversight to ensure compliance and client protection.
Read the article carefully below to discover whether VideForex is a legitimate platform. Eventually, we will also find answers regarding the legitimacy of VideForex.
VideForex website
Is VideForex legit?
Videforex is registered in the Marshall Islands. The legal entity behind Videforex is called INVOLVA CORP. It ensures that the traders follow the platform's rules and their respective countries while trading.
The broker closely checks to ensure that no traders indulge in illegal activities to earn money. By following the industry standards, they are maintaining complete transparency. Moreover, the traders get access to numerous trading assets with security.
Is VideForex regulated by governments?
When you start trading on any platform, your first priority is choosing a broker that can offer safety. It is often believed that government-regulated brokers are safer. However, you should take into account that Videforex is registered in an offshore jurisdiction, which is a sign of weak regulation and does not fully guarantee its safety.
Although non-government regulated, there is a legal entity managing VideForex. Registered in the Marshall Islands, Involva Corp manages VideForex. Therefore, consider being on the safe side, as your funds wouldn't be in any danger.
However, you should take into account that the company is registered in an offshore jurisdiction, which is a sign of weak regulation and does not fully guarantee its safety.
Is VideForex a scam or safe?
According to the company VideForex takes the protection of user data seriously and employs various measures to ensure its security. Here are some ways in which VideForex protects user data:
Encryption: VideForex utilizes advanced encryption protocols to secure data transmission and storage.
Secure Socket Layer (SSL) Technology: The platform typically employs SSL certificates to establish secure connections between users' devices and the VideForex servers. SSL encryption safeguards data during transit, reducing the risk of data breaches
Data Privacy Policies: VideForex has comprehensive data privacy policies in place that outline how user data is collected, stored, and used.
Restricted Access: Access to user data within VideForex is limited to authorized personnel who require the information to fulfill their roles.
Compliance with Regulations: VideForex strives to comply with applicable regulatory requirements concerning data protection and user privacy.
VideForex pros and cons
As one of the most prominent brokers today, VideForex offers various benefits. However, it is important to note that, like pros, there are also various cons. In the sections below, we will be discussing the pros and cons of trading via VideForex.
Image: VideForex website
👍 VideForex pros
Concerning trading via Forex, there are some prominent advantages that you can enjoy. Some of the efficient advantages of using VideForex are as follows:
• If you do not have capital on sign-up, you can easily start trading on VideForex using the demo account.
• The broker has a smooth and fast deposit and withdrawal process.
• If you withdraw your payouts via VideForex, you can expect the same to be credited to your account in an hour.
• As a user, you can make transactions via the website application and the mobile app.
• You can either independently in VideForex or use the copy trading tools to copy trades from experienced and professional traders.
👎 VideForex cons
Although VideForex has so much to offer, there are certain areas where it falls short, leading to disadvantages. Some of the cons of trading via VideForex are as follows:
• Although you can access copy trading tools, you will not get access to any educational materials that other platforms offer.
• To access live chat, you must register on the platform.
FAQs
What is the minimum deposit of VideForex?
The trading conditions for VideForex are the same irrespective of the account you take. However, the minimum deposit you must make to access these accounts is $50.
Is VideForex a legit platform?
You can safely trade on VideForex without risking losing your capital.
I need more capital. Can I still trade on VideForex?
VideForex provides the benefit of trading in a demo account. So, if you are starting off and do not have enough capital, you can register for the demo account and start trading.
Is VideForex a regulated platform?
Unlike most of its counterparts, VideForex is an unregulated platform. However, there is an independent broker that provides complete security to your funds.
Team that worked on the article
Upendra Goswami is a full-time digital content creator, marketer, and active investor. As a creator, he loves writing about online trading, blockchain, cryptocurrency, and stock trading.
Professionally, he has been a marketing professional running his agency for three years now. His agency helps finance projects to grow with the help of internet technologies. Upendra Goswami is an active investor and enthusiast of stocks and cryptocurrency.
Knows about
trading, blockchain, cryptocurrency, stock trading
Alumnus of
JECRC UDML College of Engineering, Jaipur
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.