Score
VIDEFOREX
Marshall Islands|5-10 years| https://www.videforex.com/
Website
Rating Index
Influence
Influence
B
Influence index NO.1
United States 4.96Contact
Licenses
No valid regulatory information, please be aware of the risk!
Single Core
1G
40G
1M*ADSL
- It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
Basic information
Marshall Islands
5-10 years Suspicious Regulatory License High potential riskAccount Information
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Sources
Language
Mkt. Analysis
Creatives
WikiResearchWebsite
Most visited countries/areas
videforex.com
Server Location
United States
Most visited countries/areas
Website Domain Name
videforex.com
Website
WHOIS.GODADDY.COM
Company
GODADDY.COM, LLC
Domain Effective Date
2017-02-02
Server IP
104.18.38.74
Company Summary
| Aspect | Information |
| Company Name | VIDEFOREX |
| Registered Country | Marshall Islands |
| Founded Year | 2-5 years |
| Regulation | No valid regulation |
| Minimum Deposit | $250 |
| Maximum Leverage | 1:100 |
| Fees | Transfer fees for some payment methods |
| Trading Platforms | Proprietary platform access to Web, Android and iPhone |
| Tradable Assets | Wide range of instruments |
| Account Types | Bronze, Silver, and Gold |
| Demo Account | Available |
| Customer Support | 24/7 phone support |
| Deposit & Withdrawal | Visa and MasterCard, Bitcoin, Altcoins, and Ethereum accepted |
| Educational Resources | N/A |
Overview of VIDEFOREX
VIDEFOREX is a forex broker based in the Marshall Islands and has been founded within the past 2-5 years. It offers a range of financial instruments for clients to trade. The platform features a proprietary web, Android, and iPhone trading platform and accepts a variety of payment methods, including Visa, MasterCard, Bitcoin, Altcoins, and Ethereum. VIDEFOREX offers three different account types: Bronze, Silver, and Gold, each with their own unique features and benefits. The minimum deposit required to open an account is $250, and the maximum leverage provided is 1:100.
However, VIDEFOREX does not have a valid regulation in place, which means that customers should exercise caution when considering trading with them. Additionally, the platform does offer 24/7 phone support for customers with any questions or issues.
Is VIDEFOREX legit or a scam？
It has been verified that VIDEFOREX currently has no valid regulation. When a broker has no valid regulation, it means that they do not have a license from any financial regulatory authority. This lack of regulation can put clients at risk, as there is no oversight or protection in place to ensure that the broker is operating fairly and honestly. Therefore, potential clients should exercise caution when considering trading with a broker with no regulated license. It is important to thoroughly research the broker and their reputation, as well as consider the risks involved before making a decision to trade.
Pros and Cons
VIDEFOREX offers several advantages for clients who are interested in trading on their platform. They provide a wide range of financial instruments for trading, including Forex currency pairs, CFDs, and options. Additionally, clients can access 24/7 phone support, a demo account to practice trading strategies, and a proprietary trading platform that is both accessible on web and mobile devices. VIDEFOREX also accepts various payment methods, including cryptocurrency, which can appeal to clients who prefer to use these methods.
However, there are also some disadvantages to be aware of when using VIDEFOREX. One significant drawback is the lack of valid regulation in place, which can be a concern for potential customers. Additionally, there may be potential transfer fees for some payment methods, and the platform does not offer any educational resources for clients who are new to trading. The minimum deposit required to open an account is also relatively high at $250. Moreover, customer support options are limited, and there is no MT4/MT5 trading platform option. It is crucial for clients to carefully weigh the pros and cons of trading with VIDEFOREX before making a decision.
| Pros | Cons |
| Wide range of financial instruments | No valid regulation |
| 24/7 phone support | Transfer fees for some payment methods |
| Demo account available | No educational resources offered |
| Proprietary trading platform | High minimum deposit is $250 |
| Various payment methods | Limited customer support |
| Availability of three different account types | No MT4/MT5 |
| Generous maximum leverage of 1:100 |
Market Instruments
VIDEFOREX provides clients with access to a wide range of financial products, each with its own unique characteristics:
1. Forex Currency Pairs: VIDEFOREX offers a variety of major, minor, and exotic currency pairs for trading. This allows clients to speculate on the exchange rate movements between different currencies, taking advantage of potential profit opportunities in the global foreign exchange market.
2. CFDs (Contracts for Difference): Clients can trade CFDs on various underlying assets such as stocks, indices, commodities, and cryptocurrencies. CFDs enable traders to speculate on the price movements of these assets without actually owning them, offering potential benefits such as leverage and the ability to profit from both rising and falling markets.
3. Options: VIDEFOREX provides options trading, giving clients the opportunity to buy or sell options contracts based on their market predictions. Options provide flexibility in terms of risk management and offer potential for profit through various strategies, such as buying call or put options or employing complex options spreads.
Overall, VIDEFOREX provides a diverse selection of financial products, including Forex currency pairs, CFDs, and options, enabling clients to trade a range of assets and pursue their desired investment objectives.
Account Types
VIDEFOREX offers three different account levels: Bronze, Silver, and Gold.
The Bronze account offers 24/7 Live video chat support, withdrawals in 1 hour, a demo account, and a Copy Trading tool. As a bonus, clients can increase their deposit by 20%.
The Silver account includes all of the features of the Bronze account, as well as a Master class (web session) and the first 3 risk-free trades. As an added bonus, clients can increase their deposit by 50%.
Finally, the Gold account includes all of the features of the Bronze and Silver accounts, as well as a Personal success manager to provide clients with customized trading support. Clients can also increase their deposit by 100%, and also receive the first 3 risk-free trades. Additionally, they have access to the Master class (web session). With the Gold account, clients can receive the highest level of personalized support with a dedicated manager to assist them in navigating the platform and executing successful trades.
Here is the table of the comparison of account types.
| Account Type | Bronze | Silver | Gold |
| 24/7 Live Video Chat Support | Yes | Yes | Yes |
| Withdrawals | 1 hour | 1 hour | 1 hour |
| Demo Account | Yes | Yes | Yes |
| Copy Trading Tool | Yes | Yes | Yes |
| Bonus | +20% | +50% | +100% |
| Other Features | N/A | Master class (web session), First 3 risk-free trades* | Personal success manager, Master class (web session), First 3 risk-free trades* |
How to Open an Account？
To open an account with VIDEFOREX, follow these steps:
1. Go to the VIDEFOREX website (https://VIDEFOREX.com/) and click on the Open an Account
button.
2. Fill in the registration form with your personal details, including your name, email address and phone number.
3. Choose your account type and select your preferred currency.
4. Read and agree to the terms and conditions.
5. Click on the “Open Account” button to complete the registration process.
6. Verify your identity by providing the required documents, such as a passport or driver's license. 7. Make a deposit into your account using one of the accepted payment methods.
8. Start trading on the platform using the available tools and resources.
Minimum Deposit
The minimum deposit of $250 required to open an account with VIDEFOREX means that clients can start trading with a relatively small amount of capital. This can be beneficial for new traders who want to dip their toes into the world of trading without risking too much. However, it is important to note that while a smaller initial deposit may be attractive, traders may need to increase their investment later on in order to achieve their financial goals. Additionally, clients should carefully consider the risks involved before trading with any amount of capital.
Maximum Leverage
The maximum leverage of 1:100 offered by VIDEFOREX means that clients are able to trade with borrowed funds, allowing them to potentially increase their returns on investment. Essentially, leverage allows traders to control larger amounts of assets with smaller amounts of capital. However, while leverage can amplify profits, it also amplifies losses, meaning that traders are also at risk of losing more than their initial investment. Therefore, it is important for clients to use leverage responsibly and consider the potential risks involved before trading with maximum leverage.
Trading Platform
The trading platform provided by VIDEFOREX is an Android and iPhone based platform for CFDs and Options trading. The platform allows clients to stay connected with the global market and not miss out on any trading opportunities.
The application features regular CFD and Options trading, direct deposit, and withdrawal via the app, and a 60-second trading option. Additionally, clients have access to their account and portfolio information through the platform. The benefits of the platform include instant execution of trades, live charts of every option available, the ability to view trade history, and the same login as the web-based platform.
The application is free to download and use. Overall, the platform offers convenient and efficient trading for clients on-the-go.
Deposit & Withdrawal
VIDEFOREX accepts payment methods including Visa and MasterCard, Bitcoin, Altcoins, and Ethereum. There is a transfer fee of 5% for Visa and MasterCard payments, while cryptocurrency payments have no transaction fee. Deposits made using Visa and MasterCard are credited instantly, while cryptocurrency deposits are also processed instantly. Withdrawals are processed within up to 1 hour for all payment methods. It is important to note that there may be additional fees or restrictions imposed by the payment providers themselves, so clients should check with their provider before making transactions with VIDEFOREX.
Customer Support
The broker provides customer support through call back services, and their phone number is +18499370843. It is not clear whether their customer support is available 24/7 or if there are other methods of contact available. Potential clients may need to contact the broker directly for more information on their customer support services.
Conclusion
In conclusion, VIDEFOREX offers a trading platform with a wide range of financial instruments available for clients to trade. However, there are several disadvantages to consider, such as the lack of valid regulation, potential transfer fees, a high minimum deposit requirement, limited customer support options, and no educational resources offered. Nevertheless, the platform does offer 24/7 phone support, a demo account, and a proprietary trading platform accessible on web and mobile devices. Clients must weigh the risks and benefits of trading with VIDEFOREX before making a decision.
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. |
Keywords
- 5-10 years
- Suspicious Regulatory License
- High potential risk
News
News Bad Reviews: Trade with Videforex, Trade with Cautions
While the forex market is becoming more regulated, deceptive brokers have also started finding new ways to scam investors.
2023-02-01 16:40
Exposure WikiFX Broker's Review: Trade With Risk With VIDEFOREX
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.
2022-08-26 14:01
News WikiFX Review: Is VIDEFOREX trustworthy?
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.
2022-05-10 18:21
News WikiFX report: VideForex Review
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!
2022-04-01 17:18
News WikiFX report: Is Videforex too good to be true?
Videforex is a brokerage firm that specializes in Forex and CFD trading. They claim to have more than 100 tradable assets. It is an Involva Corp offshore business that follows Marshall Islands legislation. They provide three different trading accounts (Bronze, Silver, and Gold) with a $250 minimum deposit and a maximum withdrawal processing time of one hour. Furthermore, all traders have a maximum leverage of 1:100, and you can trade through their web trading platform as well as their mobile apps for Android and iOS.
2022-04-01 17:14
Review 23
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FX1417183320
Colombia
They have a poster behind all this. They steal the deposits and then they say that it was operating by yourself. They come out with crooked cables. They are a disaster, as well as how my 3000k withdrawal has also been lost
Exposure
2022-03-22
FX3980926075
Mexico
$159 investment and $500 profit, but they are not letting me withdraw my money. This company is a fraud. I hear favor and I demand all respect first, and second that the justice falls on them, You can see the board where both the operations like tracking everything
Exposure
2022-01-06
ArthurLee
United States
The quick withdrawal feature is a highlight, allowing for agile trading. However, the app's design and lack of MetaTrader support could be improved to enhance user experience.
Neutral
07-01
UjwalDeshpande
India
Let me share my experience using the mobile app during a power outage. A big storm hit, and electricity was out for hours. Normally, I'd be stressed about missing trading opportunities, but I managed everything from my phone. The app’s low data usage was a lifesaver with my spotty cellular connection, and I even closed a profitable position during this time. It drove home the importance of a reliable mobile platform in today’s unpredictable world.
Positive
11-14
StevePhillips
United States
A major benefit of this platform is the one-hour guaranteed withdrawal processing. The speed of access to funds has been a game-changer for me, allowing me to quickly reinvest in higher-return opportunities. This fast and efficient service has made me more agile and responsive in my trading, giving me better control over my capital.
Positive
10-15
ChristopherJohnson
Poland
I never thought I'd say this, but Videforex's customer support actually made me laugh the other day. I was struggling with a particularly tricky withdrawal issue, feeling pretty frustrated. The support agent not only solved my problem quickly but also cracked a few jokes that lightened the mood. It's refreshing to interact with real people who don't sound like robots reading from a script. Sure, the platform might not have MT4, but with support like this, I hardly miss it.
Positive
09-01
RodneyMatthews
United States
In my using the Videforex software, there are several features that I have come to appreciate so much. The 24/7 live video chat support has been a real life-saver more than once when I required instant answers even at late hours. I also appreciate the fact that I am able to view my full trade history – this is useful for performing long-term evaluations. The main con that I found has been on the interface. As much as it is not the most user-friendly that I have come across, it sort of poses a challenge to persons who are new in trading.
Positive
08-16
DerekGreen
United States
There are no platform usage fees, ensuring higher profits retention. Unlike brokers with monthly subscriptions, their web and mobile apps are free, offering essential features without hidden costs. This flexibility allows for larger positions and better returns. Though the app interface might initially require adaptation, enhancing navigation could enhance user experience. Overall, saving on fees significantly boosts profit margins.
Positive
08-04
ClaytonWells
United States
Provides ultra-responsive real-time price feeds for seamless trading execution. It ensures consistent price movement even during unexpected events, ideal for busy traders. However, expanding advanced charting options could enhance the trading experience further.
Positive
07-25
RaymondGutierrez
United States
Offers seamless fund management via its web and mobile apps, allowing direct deposits and withdrawals. Accessing full account features without a separate payments portal streamlines account management. Depositing funds within the Videforex app takes under 4 minutes, enabling quicker trading. Recently, I swiftly funded new positions via the mobile app, highlighting its user-friendly interface. Integrated funding enhances accessibility for mobile traders like myself, contributing to overall satisfaction with Videforex.
Positive
07-14
DavidGomez
United States
The one-hour withdrawal process and 24/7 video chat support are standout features that enhance the trading experience, providing speed and support that are especially valuable in a free app, despite its initial learning curve.
Positive
07-06
Theodore Hammond
United States
While the app provides critical real-time market data, its lack of MetaTrader integration and somewhat clunky interface are areas for improvement, though they do not detract from its overall utility.
Positive
06-18
Jeremy Townsend
United States
As someone who despises waiting for withdrawals to hit my account, this trading app's 1-hour processing time after settling trades is an absolute godsend. Combined with real-time pricing, this broker allows me to be incredibly agile and reactive with my strategies. However, the app's interface does leave something to be desired from a user experience standpoint. The design isn't particularly sleek or modern compared to other platforms. And not having MetaTrader integration is a missed opportunity.
Positive
06-01
Carl558
United States
Knowing I have access to 24/7 live support just a tap away gives me huge peace of mind when trading on-the-go using this broker. Any time I've got questions or run into a hick-up, the assistance is right there. Just last month for example, I was trying to make a withdrawal while traveling for work and hit a small snag. A quick request through the in-app video chat later, and a friendly support rep had me sorted out within minutes. Whether it's user-error on my part or an issue with app functionality, it's incredibly reassuring to have expert help readily available at all hours.
Positive
05-29
Marshall Wood
United States
What initially attracted me to Videforex was their comprehensive all-in-one platform experience, neatly consolidating research tools, account details, order capabilities and more into a unified dashboard accessible across web and mobile apps. No more juggling multiple programs - their interface provides continuity for every trading need, from charts to trade tickets to balances. While a bit dated aesthetically, the depth of functionality can't be beaten, especially considering there are no monthly fees for their full suite of pro-grade offerings. Stellar value.
Positive
04-19
Donald Long
United States
Tax season used to be such a headache when I had to manually reconstruct an entire year's worth of trading activity by compiling entries and exits from different programs. But with Videforex, I can simply access detailed reports covering my full historical trade data with comprehensive P&L, timestamps, durations and plenty of performance metrics - all neatly compiled. This has saved me hours of work while also ensuring full accuracy for properly reporting my income. Just a few clicks and I have a seamless data log for efficient year-end accounting. While not the sexiest feature, their built-in archive is a massive quality-of-life upgrade.
Positive
04-17
Shannon 7617
United States
As an experienced trader who has navigated through various platforms, I've found that Videforex sets itself apart with its exceptional 24/7 live video chat support. This feature has been like a lifeline, providing me with a sense of security that expert help is always just a click away, no matter the time of day. It feels akin to having a personal trading assistant available at any moment. The platform's mobile application solidifies its standing in my daily trading activities, offering robust functionality that allows me seamless access to my account and portfolio, even when I'm on the move.
Positive
2023-12-09
Philip
United States
Videforex continues to impress me with their round-the-clock video chat support. It's like having a trading advisor available at any hour. Their real-time price feeds have been a game-changer for my day trading—no delays, just instant data for instant decisions. Withdrawing my profits is a breeze too, thanks to their one-hour guarantee. Plus, the app's direct deposit and withdrawal feature is a time-saver. It's free, which is great for keeping costs down. My only gripe? I wish they offered MetaTrader integration. It's a minor setback, but one I've adapted to.
Positive
2023-12-02
Larry9715
United States
Videforex has established itself as a pillar of support for traders with its 24/7 live video chat. This feature alone has transformed my trading experience, providing immediate access to assistance whenever I need it. The rapid one-hour withdrawal processing is a benchmark for the industry, showcasing their dedication to user satisfaction. The accuracy of the real-time price feeds ensures that I’m always trading with the most recent market information. The app’s streamlined process for deposits and withdrawals has made managing my finances incredibly efficient. Being able to view my full trade history within the app has been a critical factor in refining my trading approach.
Positive
2023-12-01
Thomas6617
United States
It’s thrilling to know that I can access my trading history from the app. Now, I’m able to monitor my growth as I learn and easily spot trading mistakes that I have made to avoid them. I’ve never really been a desktop person, and my former trading platform didn’t have an app where I could see my history. For me, Videforex is a good option for beginners, but there might be a learning curve at first.
Positive
2023-11-25