Global Forex Broker Regulatory Inquiry APP

Score

1.48 /10
Danger

VIDEFOREX

Marshall Islands

2-5 years

Suspicious Regulatory License

High potential risk

C

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Exposure

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Score

License Index 0.00
Business Index 6.78
Risk Management Index 0.00
Software Index 4.00
Regulatory Index 0.00
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Licenses

No valid regulatory information, please be aware of the risk!

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Contact number

English

+1 829-9476393

Broker Information

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Company Name

INVOLVA CORP

Company Abbreviation

VIDEFOREX

Platform registered country and region

Marshall Islands

Company website

Twitter

Instagram

Pyramid scheme complaint

Expose

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Warning: Low score, please stay away!
Previous Detection : 2023-05-31
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!

WikiFX Verification

Pyramid scheme complaint
Expose
VIDEFOREX · Company summary

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

Feature Information
Registered Country/Region Marshall Islands
Regulation unregulated
Market Instrument Forex currency pairs, CFDs, and options
Account Type Bronze, Silver, and Gold
Demo Account yes
Maximum Leverage 1:100
Spread N/A
Commission N/A
Trading Platform Web and Mobile App
Minimum Deposit $250
Deposit & Withdrawal Method Visa/MasterCard, Bitcoin, Altcoins, and Ethereum

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:

home page
General Information & Regulation

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.

Account Types

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.

Deposit & Withdrawal

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.

Bonuses

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

Pros Cons
• Demo accounts available • No regulation
• Multiple account types to choose from • High minimum deposit ($250)
• Limited trading instruments and funding options
• Unspecified trading conditions

Frequently Asked Questions (FAQs)

Q 1: Is VIDEFOREX regulated?
A 1: No. It has been verified that VIDEFOREX currently has no valid regulation.
Q 2: Does VIDEFOREX offer demo accounts?
A 2: Yes.
Q 3: Does VIDEFOREX offer the industry-standard MT4 & MT5?
A 3: No. Instead, VIDEFOREX offers web and Mobile App platforms.
Q 4: What is the minimum deposit for VIDEFOREX
A 4: The minimum initial deposit to open an account is $250.
Q 5: Is VIDEFOREX a good broker for beginners?
A 5: No. VIDEFOREX is not a good choice for beginners. Not only because of its unregulated condition, but also because of its high initial deposit and lack of transparency.

News

Bad Reviews: Trade with Videforex, Trade with Cautions

NewsBad Reviews: Trade with Videforex, Trade with Cautions

2023-02-01 16:40

While the forex market is becoming more regulated, deceptive brokers have also started finding new ways to scam investors.

WikiFX
2023-02-01 16:40
News
Bad Reviews: Trade with Videforex, Trade with Cautions
WikiFX Broker's Review: Trade With Risk With VIDEFOREX

ExposureWikiFX Broker's Review: Trade With Risk With VIDEFOREX

2022-08-26 14:01

Videforex is a Marshall Islands-based offshore broker. Founded in 2017, the firm claims to be the brand name of INVOLVA CORP, with Marshal Islands Registry restrictions.

WikiFX
2022-08-26 14:01
Exposure
WikiFX Broker's Review: Trade With Risk With VIDEFOREX
WikiFX Review: Is VIDEFOREX trustworthy?

NewsWikiFX Review: Is VIDEFOREX trustworthy?

2022-05-10 18:21

Can you withdraw money from VIDEFOREX? Is VIDEFOREX legal in your country? WikiFX made a comprehension review on this broker to help you better understand the truth, we will analyze the reliability of this broker from specific information, regulation, exposure, etc. And you should never miss it.

WikiFX
2022-05-10 18:21
News
WikiFX Review: Is VIDEFOREX trustworthy?
WikiFX report: VideForex Review

NewsWikiFX report: VideForex Review

2022-04-01 17:18

There is no hard evidence that this broker is a con artist. However, their approaches are dubious, they are unregulated, and the whole thing feels gimmicky. The live cam support is the broker's biggest "feature": the first thing I noticed was a young woman running her fingers over her hair. Live!

WikiFX
2022-04-01 17:18
News
WikiFX report: VideForex Review

User Reviews

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FX1233162836
more than one year
I opened an account with VIDEFOREX in September 2022 and I have been trading since then. During this time, I found them reliable. VIDEFOREX never disappoints me. I will continue working with them for sure.
2023-02-21 14:07
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0
0
誓约
more than one year
Started at the end of Sept 2022 so far good. Fast and professional online chat communications. Good order execution..more feedback in the coming days.
2023-02-14 17:14
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0
0
成就所愿
more than one year
I recommend VideForex, for the deposit is quite comfortable, and can be done through many channels. Many trading tools are available, with a demo account provided after opening a real account. There is a convenient service for copying transactions and 24/7 support. A lot of people would like that.
2022-12-05 14:57
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0
0
klean
more than one year
I've been cheated! I can't get my money out... I can't access their website and platform... What's more, I've been trying to call them, but they've been ignoring me. I don't know what to do. Who can put me in touch with them?
2022-12-05 11:52
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0
0
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