VIDEFOREX Forex Broker

Videforex Broker - Complete Information Guide

1. Broker Overview

　　Videforex, established in 2017, is an online trading platform operated by Involva Corp, which is registered in the Marshall Islands. The company operates as a private entity, offering a range of services primarily focused on retail forex trading and binary options. Its main clientele includes both novice and experienced traders looking to engage in various financial markets globally.

　　Since its inception, Videforex has made significant strides in the trading industry, marked by the introduction of its proprietary trading platform and innovative features such as 24/7 live video support. This broker aims to provide a user-friendly experience, making it accessible to traders of all skill levels. The company is also associated with the Financial Group Corp, which further enhances its credibility in the trading sphere.

　　Videforex operates on a market-making model, which allows it to offer a diverse range of trading instruments, including forex pairs, CFDs, commodities, and cryptocurrencies. The broker claims to support over 100 assets, catering to a wide array of trading preferences and strategies.

2. Regulation and Compliance Information

　　Videforex is currently not regulated by any major financial authority, which raises concerns about its operational legitimacy. The broker operates under an offshore license from the Marshall Islands, specifically under Involva Corp (registration number 104693). The lack of regulation means that there are no stringent oversight mechanisms in place to protect traders' interests.

　　The absence of a regulatory framework leads to potential risks for clients, including the lack of fund segregation policies and investor compensation schemes. Furthermore, Videforex does not publicly disclose its KYC (Know Your Customer) and AML (Anti-Money Laundering) compliance measures, which are crucial for ensuring the safety of traders' funds.

　　In summary, the lack of credible regulation makes it essential for potential clients to exercise caution when considering trading with Videforex.

3. Trading Products and Services

　　Videforex offers a variety of trading products across multiple asset classes. The platform supports over 60 forex pairs, including major and minor currencies like EUR/USD, GBP/USD, and USD/JPY. Additionally, traders can access CFDs on various categories, including:

• Indices: Major global indices such as the S&P 500, DAX, and FTSE 100.
• Commodities: Popular commodities like gold, silver, and oil.
• Stocks: A selection of stocks from major companies, including Apple, Tesla, and Coca-Cola.
• Cryptocurrencies: Trading options for major cryptocurrencies like Bitcoin, Ethereum, and Litecoin.

　　The broker also provides unique trading features such as copy trading, allowing less experienced traders to follow and replicate the strategies of successful traders. The product offering is updated regularly to include new instruments, reflecting the broker's responsiveness to market trends.

4. Trading Platform and Technology

　　Videforex operates its own proprietary trading platform, which is accessible via web browsers, making it easy for traders to execute trades without the need for additional downloads. The platform is designed to be intuitive, supporting both novice and experienced traders with a user-friendly interface.

　　However, it is important to note that MetaTrader 4 (MT4) and MetaTrader 5 (MT5) are not supported on Videforex, which may limit advanced traders who rely on these popular platforms for their trading activities.

　　In addition to the web platform, Videforex offers a mobile trading application available for both iOS and Android devices. The app allows traders to manage their accounts, view live charts, and execute trades on the go, ensuring that they do not miss any trading opportunities.

　　The platform's execution model is primarily market-making, which allows for quick trade execution, although it may also introduce conflicts of interest. The infrastructure supporting the platform is designed to provide stability and reliability, but some users have reported issues with slow response times during peak trading hours.

5. Account Types and Trading Conditions

　　Videforex offers three primary account types, each designed to cater to different levels of trading experience and investment capacity:

• 　　Bronze Account: Requires a minimum deposit of $250 and offers basic features such as 24/7 live video chat support, a demo account, and a copy trading tool. Traders can also enjoy a 20% bonus on their initial deposit.

• 　　Silver Account: Aimed at intermediate traders, this account requires a minimum deposit of $1,000 and includes all features of the Bronze account, plus additional benefits such as three risk-free trades and a 50% bonus on the first deposit.

• 　　Gold Account: Designed for advanced traders, this account requires a minimum deposit of $3,000. It includes all the features of the Silver account, along with a 100% bonus, access to a personal success manager, and three risk-free trades.

　　The leverage offered by Videforex varies by account type and can go up to 1:500 for certain products. The minimum trade size starts at 0.01 lots, allowing for flexibility in trading strategies. However, traders should be aware of overnight fees, which may apply to positions held beyond the trading day.

6. Funds Management

　　Videforex supports a variety of deposit and withdrawal methods, ensuring that clients can manage their funds conveniently. Accepted deposit methods include:

• Credit/Debit Cards: Visa and Mastercard, with a 5% fee for transactions.
• Bank Wire Transfers: Subject to a minimum withdrawal limit of $50.
• Cryptocurrencies: Including Bitcoin, Ethereum, and other altcoins, with no transaction fees.

　　The minimum deposit to open an account is $250, which is consistent across all account types. Deposits are processed immediately, while withdrawals are guaranteed to be completed within one hour, provided all identification and turnover requirements are met.

　　Withdrawal conditions stipulate that accounts without bonuses must achieve a 100% turnover on the initial deposit, while bonus accounts require a 300% turnover before funds can be withdrawn.

7. Customer Support and Educational Resources

　　Videforex prides itself on offering robust customer support, available 24/7 through multiple channels, including:

• Live Video Chat: A unique feature that allows for real-time interaction with support representatives.
• Email Support: Available for inquiries and assistance.
• Phone Support: Multiple contact numbers are provided for different regions.

　　The support team is multilingual, catering to a diverse clientele. However, there is a noticeable lack of educational resources on the platform, which could be a disadvantage for newer traders seeking guidance. While there are some basic tutorials available, comprehensive educational materials such as webinars, trading signals, and market analysis tools are limited.

8. Regional Coverage and Restrictions

　　Videforex operates globally, catering to traders from various countries, including Europe, Asia, and South America. However, it is important to note that the broker does not accept clients from the United States and Canada, due to regulatory restrictions in those regions.

　　The broker's services are available in multiple languages, enhancing accessibility for its international clientele. Nonetheless, potential clients should be aware of the risks associated with trading through an unregulated broker and consider seeking alternatives that offer better regulatory oversight.

　　In conclusion, while Videforex offers a range of trading products and innovative features, the lack of regulation and transparency poses significant risks for traders. It is essential for potential clients to weigh these factors carefully before engaging with the platform.