Videforex Forex Broker

Videforex Broker - Complete Information Guide

1. Broker Overview

Videforex, established in 2017, is an online trading platform that specializes in forex, CFDs, and binary options. The broker is operated by Involva Corp, which is registered in the Marshall Islands. Videforex primarily serves retail clients from various regions, providing them with access to a wide range of financial instruments and trading opportunities.

Since its inception, Videforex has aimed to create a user-friendly trading environment, making it accessible for both novice and experienced traders. The broker's development has been marked by several milestones, including the introduction of a proprietary trading platform that emphasizes simplicity and ease of use. The company's business model focuses on retail forex and options trading, allowing clients to engage in speculative trading across multiple asset classes.

As a relatively new entrant in the trading market, Videforex has gained attention for its innovative features, such as live video support, which enhances customer interaction and assistance. The broker's commitment to providing a comprehensive trading experience is evident in its diverse offerings and customer-centric approach.

2. Regulation and Compliance Information

Videforex operates without regulation from any major financial authority, which raises concerns regarding its credibility and safety. The broker claims to be licensed by the Finance Group Corp, located in Vanuatu, but this does not provide the same level of oversight as more reputable regulatory bodies such as the FCA (UK) or ASIC (Australia).

Due to its offshore registration, clients should be cautious when trading with Videforex, as there are no guarantees regarding the protection of client funds. The absence of a regulatory framework means that there are no requirements for segregating client funds or providing an investor compensation scheme.

In terms of compliance, Videforex claims to adhere to KYC (Know Your Customer) and AML (Anti-Money Laundering) regulations, but the lack of a credible regulatory authority means that enforcement of these policies may not be as rigorous as with regulated brokers.

3. Trading Products and Services

Videforex offers a diverse range of trading products, including over 100 financial instruments across various asset classes. Traders have access to:

• Forex Currency Pairs: The broker provides a selection of major, minor, and exotic currency pairs, allowing traders to speculate on exchange rate movements.
• CFDs: Clients can trade Contracts for Difference on commodities, indices, stocks, and cryptocurrencies, enabling them to profit from price fluctuations without owning the underlying assets.
• Binary Options: Videforex also offers binary options trading, which provides fixed payouts based on the price movement of various assets.

The platform frequently updates its product offerings, with new assets being added to meet market demand. This flexibility allows traders to diversify their portfolios and explore various trading strategies.

4. Trading Platform and Technology

Videforex utilizes a proprietary web-based trading platform designed for ease of use and accessibility. Unlike many brokers that rely on third-party platforms like MetaTrader 4 or MetaTrader 5, Videforex has developed its own system, which allows for greater control over the user experience.

Key features of the Videforex platform include:

• Web-Based Access: Traders can access their accounts from any browser without the need for software downloads.
• Mobile Applications: The platform is compatible with both iOS and Android devices, allowing traders to manage their accounts and execute trades on the go.
• Execution Modes: The broker operates on a Market Making model, facilitating trades directly with clients.

While the platform is user-friendly, it lacks some advanced tools typically found in more established trading platforms, such as comprehensive technical analysis features.

5. Account Types and Trading Conditions

Videforex offers three main account types, each with distinct features:

• Bronze Account: Requires a minimum deposit of $250. Features include 24/7 live video chat support, a demo account, and a 20% deposit bonus.
• Silver Account: Requires a minimum deposit of $1,000. This account includes all Bronze features, along with three risk-free trades and a 50% deposit bonus.
• Gold Account: Requires a minimum deposit of $3,000. In addition to Silver benefits, Gold account holders receive a personal success manager and a 100% deposit bonus.

The leverage offered by Videforex can reach up to 1:500, allowing traders to control larger positions with smaller capital. The minimum trade size is typically 0.01 lots, and overnight fees may apply depending on the asset traded.

6. Fund Management

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

• Credit/Debit Cards: Visa and Mastercard are accepted, but a 5% fee is charged for card transactions.
• Cryptocurrencies: Bitcoin, Ethereum, and other altcoins can be used for deposits and withdrawals without fees.
• E-Wallets: Options like Skrill and Neteller are also available.

The minimum deposit requirement is $250, and the minimum withdrawal amount is $50. Withdrawals are processed within one hour, making it a relatively quick process for clients to access their funds.

7. Customer Support and Educational Resources

Videforex offers customer support through various channels, including:

• Live Video Chat: A unique feature that allows clients to interact with support representatives in real-time.
• Email Support: Clients can reach out via email for assistance.
• Phone Support: Available in multiple languages, providing 24/7 service.

Despite its strengths in customer support, Videforex lacks comprehensive educational resources. There are no detailed tutorials, webinars, or market analysis tools available, which may hinder novice traders looking for guidance.

8. Regional Coverage and Restrictions

Videforex caters to a global audience, allowing traders from many countries to open accounts. However, it does not accept clients from the United States and certain other jurisdictions due to regulatory restrictions.

The broker's services are primarily available in regions such as:

• Europe: Countries like the UK, Germany, and France.
• Asia: Including Thailand, India, and Singapore.
• Australia: Accepting traders from the continent.

However, due to its unregulated status, potential clients should be aware of the risks involved in trading with Videforex, especially in regions where regulatory oversight is stringent.

In conclusion, while Videforex offers a variety of trading products and a unique support system, its lack of regulation and comprehensive educational resources may pose risks for traders. It is essential for potential clients to weigh these factors carefully before engaging with the Videforex broker.