VideForex vs FxPro - Fees Review included
Which broker is better VideForex or FxPro? Our expert assessment conducted according to TU’s own methodology showed that VideForex is one of the top brokers in the financial market with the TU Overall Score of 5.94 out of 10. FxPro is one of the top brokers in the financial market with the TU Overall Score of 8.74 out of 10. Find out more about TU Overall Score.
| Feature | VideForex | FxPro |
|---|---|---|
Overall |
1.9 |
4.6 |
1 |
5 |
|
3.0 |
3.9 |
|
3.1 |
4.6 |
|
Investment Instruments |
1 |
4.9 |
Platforms and Charting Tools |
2.3 |
4.2 |
Deposit and Withdrawal |
3.3 |
4.5 |
Research |
1 |
4.7 |
Education |
1 |
4.6 |
Support |
1.1 |
4.5 |
Bonuses |
2.4 |
2.5 |
|
|
|
VideForex vs FxPro: Pros and Cons
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. The website does not specify who the regulator of VideForex is, but the broker indicates that its activities are regulated and the personal data of users is protected
The FxPro broker was registered in July 2006 in Cyprus. The company’s activities are licensed by financial regulators: CySEC (Cyprus), Bahamas SCB, FCA (UK), and South African FSCA. FxPro is successfully operating in more than 170 countries for retail and institutional clients. The broker has received more than 85 awards, including “Best Forex Trading Platform” and “Best Trading Platform”. FxPro has become known for providing the best trading tools. With FxPro broker, traders can trade more than 70 currency pairs, futures and stocks (Twitter, Apple, Google). The company has stock indices, metals and energy resources at its disposal. FxPro sets high safety standards with the client's funds being kept in large international banks. They are insured and separated from the broker's equity.
| VideForex | FxPro | |
|---|---|---|
| Overall Pros | Fast withdrawal of money - within 1 hour | Regulated in EU and Great Britain |
| Combination of Forex trading tools and binary options trading in one platform | Big choice of ECN/STP accounts | |
| Relatively high level of remuneration for binary options - up to 95% | insurance of client funds | |
| Strong research and education | ||
| PAMM and Copy-trading for investors | ||
| Personal offers for VIP-clients | ||
| Overall Cons | High entry threshold - from 250 USD | High spreads and fees |
| No Regulatory License | No forex bonuses |
VideForex vs FxPro: Safety and Regulation
| Regulated By: | VideForex | FxPro |
|---|---|---|
US Regulation |
No |
No |
FCA (Great Britain) |
No |
Yes |
CySec (Cyprus, EU) |
No |
Yes |
ASIC (Australia) |
No |
No |
Other Regulators |
No |
FSCA (South Africa), SCB (Bahamas) |
VideForex vs FxPro: Trading Conditions
| Trading Conditions | VideForex | FxPro |
|---|---|---|
Minimum Deposit |
$250 |
$100 |
Trading Platforms |
VideForex Platform (Browser, mobile) |
MT4, MT5, MultiTerminal |
Max Leverage (Futures) |
1-500 (for Forex) |
1:500 SCB regulation 1:30 (FCA, CySec regulation) |
Supported Markets |
Forex, Shares, Indices, Cryptocurrency, Metals, Energy |
Forex, CFDs on indices cryptocurrencies, stocks, energy commodities |
Trading assets |
100+ |
3000+ |
Trading Accounts |
Bronze, Silver, Gold |
FxPro MT4 Instant (with fixed spreads), FxPro MT4 Instant (with floating spreads), FxPro MT4 Market, FxPro MT5, FxPro cTrader, VIP-account |
Base Account Currencies |
EUR, USD, GBP, RUB |
USD, EUR, PLN, GBP, AUD, CHF, JPY, ZAR |
VideForex vs FxPro: Fees
Forex Trading Fees
| Fee | VideForex | FxPro |
|---|---|---|
Standard Account EURUSD Average Spread |
1.5 pips |
2.4 pip |
Standard Account Fee |
$1 |
$0 |
ECN/STP Account Fee |
Not supported |
Not offered |
ECN Account EUR Average Spread |
Not supported |
Not offered |
CFD Trading Fees
| Fee | VideForex | FxPro |
|---|---|---|
CFD Trading Fee |
Floating spread |
Floating spread |
Non-Trading Fees
| Fee | VideForex | FxPro |
|---|---|---|
Account Fee |
No |
No |
Deposit Fee |
5% for Visa/Mastrercard |
No |
Withdrawal Fee |
No |
No |
Inactivity Fee |
No |
$5 per month after 6 monthes without trades |
A conversion fee may be applied as withdrawals and deposits are conducted in USD. Any other currency will have to be converted.
VideForex vs FxPro: Trading Assets
| Asset Name | VideForex | FxPro |
|---|---|---|
Overall |
100+ |
3000+ trading assets |
Forex |
Yes |
Yes |
Stocks |
Yes (CFD) |
Yes (CFD) |
Metals |
Yes (CFD) |
Yes (CFD) |
Cryptocurrencies |
Yes (CFD) |
Yes (CFD) |
Energy |
Yes (CFD) |
Yes (CFD) |
Indices |
Yes (CFD) |
Yes (CFD) |
ETFs |
No |
No |
Bonds |
No |
No |
Mutual funds |
No |
No |
Stock options |
No |
No |
Futures Trading |
Yes |
No |
Binary Options |
No |
No |
VideForex or FxPro: Investment Programs
| Asset Name | VideForex | FxPro |
|---|---|---|
Copy Trading |
No |
Yes |
MAM/PAMM |
No |
Yes |
Managed Accounts |
No |
No |
Other |
No |
No |
Trading Platforms: FxPro or VideForex
| VideForex | FxPro | |
|---|---|---|
MT4 |
No |
Yes |
MT5 |
No |
Yes |
cTrader |
No |
No |
Appropriate platform |
No |
FxPro |
Others |
Own platform |
No |
|
|
|
VideForex vs FxPro: Deposit and Withdrawal Methods
| Deposit and Withdrawal Method | VideForex | FxPro |
|---|---|---|
Bank Transfer |
No |
Yes |
Debit Card |
Yes |
Yes |
Electronic Wallets |
Yes |
Yes (Only Bahamas and South Africa regulated entities) |
Crypto |
Yes |
No |
VideForex vs FxPro: Research
| Research Type | VideForex | FxPro |
|---|---|---|
News Feed |
No |
Yes |
Fundamental Data |
No |
Yes |
Chart Analysis |
No |
Yes |
Trading Ideas |
No |
Yes |
E-Mail Reports |
No |
Yes |
VideForex vs FxPro: Education
| Education Type | VideForex | FxPro |
|---|---|---|
Demo-account/Paper Trading |
Yes |
Yes |
Webinars |
No |
Yes |
Articles |
No |
Yes |
Videos |
No |
Yes |
Cent account |
No |
No |
FxPro vs VideForex: Support
| Support Features | VideForex | FxPro |
|---|---|---|
Working Days |
24/7 |
24/5 |
No |
Yes |
|
Phone |
No |
Yes |
Online chat |
No |
Yes |
Other |
feedback form |
No |
VideForex vs FxPro: Forex Bonuses and Promo
| Promo | VideForex | FxPro |
|---|---|---|
Forex Bonus |
20% -100% bonuses from the deposit depending on the amount of replenishment |
Not offered |
Affiliate Program |
Up to 20% remuneration from the commission paid by the referral |
Up to $1.100 per client you introduce to FxPro |
Other Promos |
||
|
|
|
Top 5 Reviews on FxPro
-
Comment
To become a successful forex trader, you must know the four trading sessions and best time to trade in the most busy session. Forex trading sessions are times when the forex market is open and closed in different regions. You have to learn about these sessions to know when each opens and closes before you open a position. Out of the four sessions, new york and London is the ones with the highest trading volume and the best sessions to trade in if you want to trade in a busy market. I use the FXxPro Global Stock Exchanges session times to know what session is open and to monitor when two sessions overlap especially the New York and London overlap which is the best time to trade as it is known to have the heaviest volume of trading and is best for trading opportunities. Personally, this is one of the simple but helpful tools for day traders on FxPro.
-
Comment
You can transfer from your Fxpro wallet to your trading wallet 24/7. I happen to be busy during the weekdays and only trade during the weekends, now i want to transfer funds between my FxPro Wallet and trading accounts during the weekend to trade. The first time i tried i had few open positions and it stalled but after closing the positions it was successful. So transferring funds between fxpro wallet and trading accounts during weekends is possible if the specific trading account you are transferring from does not have any open positions. You will not be able to move money from an open trade you had over the weekend to your wallet until the market reopens on Sunday at 22:00 UK time.
-
Comment
When you encounter any challenge with your trade, the best option is to contact the customer service agent if you don't have any senior trader you can get help from at the moment. At least the Fxpro customer service is fast, responsive, and made up of experts. Issues with verifications, deposit and withdrawals are best handled by the support team, especially those that have to do with delay in funding accounts. You can use the FAQ option to solve some recurring issues as you can find answers given to traders who had similar challenges earlier. In one of the occasions connecting to the customer support was not going through so i decided to check the FAQ section. My challenge has to do with transferring from my wallet to my trading account. I solved this with the answer from the FAQ section.
-
Comment
Great broker FxPro. It has decent trading tools and a wide range of assets. This is good because the opportunity to invest in multiple financial markets simultaneously is an advantage for any trader. FxPro has a fairly professional customer support service, helping to resolve various issues. I've traded here on two platforms, and they both work quickly.
-
Comment
You can entrust FxPro with your money. As far as I know, the company has established itself as a decent broker and it would be surprising when they engage in manipulation here. I have been trading with FxPro for many years and during all this time I haven’t noticed any manipulations or bucket shop methods.
Top 5 Reviews on VideForex
-
Comment
videforex is no worse than other brokers, and in some cases even better. The user account is very functional and understandable. A trading account can be quickly opened and funded, and account management is very functional. I also cannot help but note that the company’s support is very informative, which is very pleasing.
-
Comment
Indeed, VideForex is a good broker. Everything in this company is thought out, from the website itself with complete information and conditions, to your user account and professional support service. All trading orders are processed quickly with VideForex, there are no issues with quotes. The platform sometimes malfunctions. But this does not happen often and for a very short time. In general, VideForex suits me for binary options trading.
-
Comment
VideForex is a decent broker that you can collaborate with. The trading platform of this company operates swiftly, with all trades processed at market quotes. However, I have noticed that the platform can still encounter bugs. There have been a couple of instances where the price movement freezes, followed by price gaps. But this situation is more of an exception; overall, working with VideForex is feasible.
-
Comment
I can recommend trading with Videforex for those who are looking for a good and trusted broker. Even beginners who are just starting to trade will be able to understand the terms and platforms. And Videforex analytics will be a good help in trading.
-
Comment
My trader friends gave me advice: if I wanted to trade normally with a job prospect, then I should open an account with VideForex. I followed this advice. The broker is well-known, so finding information about it is not a problem. Its platform is good and stable. I really like to monitor Vide Forex’s analytics, it’s very good for fundamental analysis.
FAQs
What should I start Forex trading with?
It is desirable for novice traders to explore trading using a demo account to learn the market and how to work on the trading platform without the risk of suffering losses. At the same time, it is advisable to review the educational materials of the broker, learn trading basics. Then you can deposit the minimum required amount to perform a small number of transactions. If you manage to close several months in a row in the black, without substantial drawdowns on the account, then you can try increasing your deposit. Also trying to copy trades automatically is a good option for a start.
What amount should I start trading with?
The minimum deposit of $10 may be enough to trade on the cent account. However, for trading on Standard/ECT accounts, experts recommend starting with at least $200-500. With this amount, you can use not a very big leverage. Remember, getting carried away with the margin is the main cause of losses among beginners.
What should I take into consideration when choosing a broker?
Experts recommend looking at the broker’s reliability first and foremost. The other important features include basic trading conditions, commissions and fees, customer reviews. If brokers are approximately the same in terms of basic criteria, you need to choose based on your experience and tasks. One broker may be good for professionals and another – for novice traders.
Is it possible to be scammed by a broker with a license from a reputable regulator?
In theory, yes. But in practice, it takes so much time and money to comply with the requirements of reputable regulators that it is not worth it for scammers to bother obtaining a legitimate license.
Team that worked on the article
Mikhail Vnuchkov joined Traders Union as an author in 2020. He began his professional career as a journalist-observer at a small online financial publication, where he covered global economic events and discussed their impact on the segment of financial investment, including investor income. With five years of experience in finance, Mikhail joined Traders Union team, where he is in charge of forming the pool of latest news for traders, who trade stocks, cryptocurrencies, Forex instruments and fixed income.
The area of responsibility of Mikhail includes covering the news of currency and stock markets, fact checking, updating and editing the content published on the Traders Union website. He successfully analyzes complex financial issues and explains their meaning in simple and understandable language for ordinary people. Mikhail generates content that provides full contact with the readers.
Mikhail’s motto: Learn something new and share your experience – never stop!
Olga Shendetskaya has been a part of the Traders Union team as an author, editor and proofreader since 2017. Since 2020, Shendetskaya has been the assistant chief editor of the website of Traders Union, an international association of traders. She has over 10 years of experience of working with economic and financial texts. In the period of 2017-2020, Olga has worked as a journalist and editor of laftNews news agency, economic and financial news sections. At the moment, Olga is a part of the team of top industry experts involved in creation of educational articles in finance and investment, overseeing their writing and publication on the Traders Union website.
Olga has extensive experience in writing and editing articles about the specifics of working in the Forex market, cryptocurrency market, stock exchanges and also in the segment of financial investment in general. This level of expertise allows Olga to create unique and comprehensive articles, describing complex investment mechanisms in a simple and accessible way for traders of any level.
Olga’s motto: Do well and you’ll be well!