Risk Warning
Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.
General Information & Regulation
VIDEFOREX is a Marshall Islands-registered Forex and CFD trading broker and is not currently subject to any effective regulation.
Here is the home page of this brokers official site:
Note: The screenshot date is February 2, 2023. WikiFX gives dynamic scores, which will update in real-time based on the broker's dynamics. So the scores taken at the current time do not represent past and future scores.
Market Instruments
VIDEFORE claims to offer 100+ tradable assets. Traders can trade Forex currency pairs, CFDs, and options.
Account Types
Apart from demo accounts, VIDEFOREX offers three live trading accounts in total: Bronze, Silver and Gold. Minimum initial deposit requirements vary depending on the account setting. The Bronze account requires traders to at least fund $250, slightly higher than sector standards. While $1,000 for Silver accounts and $3,000 for Gold accounts.
Leverage
VIDEFOREX restricts all traders by default to a maximum multiplier of 1:100, in line with legislation. In addition, a trader's loss is limited to their original investment amount, so the remaining amount of equity is protected.
It is important to keep in mind that the greater the leverage, the greater the risk of losing your deposited capital. The use of leverage can both work in your favour and against you.
Spreads
VIDEFOREX doesn't provide any spread details, making its trading fees quite vague. On the VIDEFOREX platform, the spread is dynamic for particular instruments.
Trading Platform
Instead of the world's most advanced and popularly-used MT4 and MT5 platforms, VIDEFOREX gives traders Web and Mobile App trading platforms. Anyway, you had better choose brokers who offer the leading MT4 and MT5, which are highly praised by traders and brokers alike due to their ease of use and great functionality, offering top-notch charting and flexible customization options. They are especially popular for their automated trading bots, a.k.a. Expert Advisors.
Deposit & Withdrawal
Traders can choose several ways to deposit and withdraw funds from their VIDEFOREX accounts, mainly Visa/MasterCard, Bitcoin, Altcoins, and Ethereum.
The minimum initial deposit requirement is said to be $250. Traders who use Visa/MasterCard methods need to pay a 5% transfer fee, while no fees charged for other methods. All deposits are instant, while all withdrawals require up to 1 hour.
Bonuses
VIDEFOREX claims to offer different bonuses for different account types. For example, 20% bonus for Bronze accounts, 50% for Silver accounts and 100% for Gold accounts.
Customer Support
VIDEFOREXs customer support can be reached by telephone: +18499370843, 24/7 live video chat or request a callback. You can also follow this broker on social networks such as Twitter and Instagram. Registered office: Nr. 104693. Trust Company Complex, Ajeltake Road, Ajeltake Island, Majuro, Marshall Islands MH96960.
Pros & Cons
Frequently Asked Questions (FAQs)
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