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VIDEFOREX Company
Videforex Company: A Comprehensive Overview
1. Company Overview
Founding Date and Background
Videforex is a forex and binary options brokerage that was established in 2017. The company aims to provide a user-friendly trading environment for both novice and experienced traders.
Parent Company/Ownership Structure
Videforex operates under the ownership of Involva Corp., a company registered in the Marshall Islands. This structure allows Videforex to offer a range of financial services while maintaining a level of operational independence.
Headquarters Location
The company's headquarters is located at Trust Company Complex, Ajeltake Road, Ajeltake Island, Majuro, Marshall Islands MH96960. This location is significant as it places Videforex in an offshore jurisdiction known for its relaxed regulatory environment.
Global Business Scope
Videforex caters to a global clientele, allowing traders from various countries to engage in forex, CFD, and binary options trading. The platform is accessible from multiple devices, including desktop and mobile applications.
Main Regulatory Bodies
As of now, Videforex is not regulated by any major financial authority. The lack of regulation raises concerns regarding its operational practices and client fund protection.
2. Company History and Development
Key Milestones
- 2017: Videforex was founded, marking its entry into the competitive forex and binary options market.
- 2018: The company introduced its proprietary trading platform, which aimed to provide a unique trading experience.
- 2020: Videforex expanded its range of tradable assets, including cryptocurrencies and commodities.
Business Expansion Journey
Videforex has continuously sought to expand its offerings by introducing new financial instruments and enhancing its trading platform. This expansion has been driven by a desire to meet the evolving needs of traders.
Customer Base Growth
Since its inception, Videforex has seen a steady increase in its customer base. The platform reports having thousands of active traders, with a significant percentage coming from regions such as Europe and Asia.
Platform Development History
The trading platform has undergone several updates to improve user experience and functionality. The company has focused on enhancing mobile trading capabilities, allowing users to trade on the go.
Important Awards or Recognitions Received
While specific awards have not been highlighted in available resources, Videforex claims to have received positive reviews from users for its customer support and trading features.
3. Trading Services Offered
Forex Trading Options
Videforex offers a variety of forex trading options, including over 60 currency pairs. This includes major pairs like EUR/USD and GBP/USD, as well as minor and exotic pairs.
Stock Trading Options
The platform provides access to major global stocks, allowing traders to invest in well-known companies such as IBM, Coca-Cola, and Microsoft.
CFD Trading Products
Videforex facilitates trading in Contracts for Difference (CFDs), which allows traders to speculate on price movements of various assets without owning the underlying securities.
Other Financial Instruments
In addition to forex and stocks, Videforex offers trading in cryptocurrencies, commodities (such as oil and gold), and binary options. This diverse range of instruments enables traders to diversify their portfolios.
Special Services or Unique Advantages
One notable feature is the availability of a copy trading service, which allows less experienced traders to mimic the trades of successful traders. Additionally, Videforex offers bonuses on initial deposits, which can enhance trading capital.
4. Regulatory and Legal Background
Detailed Regulatory Information
Videforex does not hold a license from any recognized regulatory body, which poses risks for traders. The absence of regulation means there are no oversight mechanisms to protect client funds or ensure fair trading practices.
Legal Entity Structure by Region
Videforex operates as a subsidiary of Involva Corp., registered in the Marshall Islands. This structure allows it to function in various jurisdictions, albeit without regulatory oversight.
Client Fund Protection Measures
Due to the lack of regulation, there are minimal client fund protection measures in place. Traders should exercise caution and be aware that their funds may not be safeguarded by any compensation schemes.
Countries/Regions Served
Videforex serves clients globally, with a significant presence in Europe, Asia, and parts of Africa. However, it is important to note that the broker may not be available in certain regions due to regulatory restrictions.
Compliance History
There is limited information regarding Videforex's compliance history. The lack of regulation raises concerns about the company's adherence to industry standards and best practices.
5. Competitive Landscape
3-5 Main Competitors
- IQ Option: Known for its user-friendly platform and extensive educational resources.
- Binomo: Offers a similar trading environment with a focus on binary options.
- Pocket Option: Provides a competitive trading platform with various bonuses and promotions.
- Olymp Trade: Features a robust trading platform with a strong emphasis on customer support.
Positioning in the Industry
Videforex positions itself as a broker focused on providing a unique trading experience with a proprietary platform. However, its lack of regulation and higher minimum deposit requirements may hinder its competitiveness compared to regulated brokers.
Market Differentiation Factors
Videforex differentiates itself through its wide range of tradable assets, including cryptocurrencies and binary options. Additionally, the availability of a copy trading service provides an edge for novice traders looking to learn from experienced professionals.
Conclusion
In summary, Videforex is a relatively new player in the forex and binary options market. While it offers a diverse range of trading services and aims to provide a user-friendly platform, the lack of regulation and client fund protection measures raises concerns. Traders should carefully consider these factors before engaging with Videforex and may want to explore other regulated alternatives for a safer trading experience.
For more information on trading services and features, visit Videforex's official website.