Videforex

My Opinion On Videforex

Looking at the positives, Videforex offers binary options trading with flexible contracts from 5 seconds and high payouts up to 98%. I also enjoy using the trading platform with its sophisticated charting package, while the video support is helpful when you’re starting out.

Looking at the negatives, the lack of reputable regulation reduces its trust score in my view. I also find the limited demo account and weak education downsides compared to alternatives. Finally, the copy trading service lacked robust reporting metrics during my tests.

Summary

• Instruments: 100+ binary options and CFDs including forex pairs, indices, commodities, crypto
• Live Accounts: Bronze, Silver, Gold, VIP
• Platform & Apps: Web Platform, App
• Deposit Options: Credit/Debit Card, Wire Transfer, Bitcoin, Ethereum, Altcoins
• Demo Account: Yes (with a live account)

Pros & Cons

Is Videforex Regulated?

Videforex is registered in the Marshall Islands, which is a location commonly used by offshore brands seeking licensing without stringent regulations. This is not unusual for binary options brokers since this derivative is restricted by many top-tier regulators.

However, there are some brokers such as Deriv.com that offer binary options through offshore entities while also operating regulated branches to trade forex CFDs.

This is not the case for Videforex, though the broker does state it is regulated by the International Financial Market Relations Regulation Center (IFMRRC). This is not a particularly reputable institution and may not protect retail traders in the case of financial losses or disputes.

Ultimately, I do not feel the most comfortable depositing my money with Videforex. There was limited evidence of client safeguarding when I registered for a live account, with no identity documentation required.

Some other customer reviews are also sketchy, with complaints about withdrawal requests being withheld.

Forex Accounts

You have the choice of four account types: Bronze, Silver, Gold, or VIP.

I was pleased to find that all accounts provide access to the full suite of instruments, copy trading functionality, and 24/7 live chat support. There is also a minimum bet size of just $1, which makes Videforex accessible to new traders.

My assessment shows that the highest-tier profiles have the benefit of three risk-free trades, which provide compensation in the case of negative results.

That being said, I think the Bronze account is the most suitable for beginners given the lower minimum deposit, though withdrawal times are slower and there are no payout boost perks. The minimum deposits for all accounts are also on the high side of brokers I have assessed.

Below I compare and highlight the key differences between the accounts.

	Bronze	Silver	Gold	VIP
Minimum Deposit	$250	$1000	$3000	$50,000
Maximum Trade Size	$250	$1000	$5000	$50,000
Maximum Trades Open	50	100	500	1000
Withdrawal Time	8 Hours	4 Hours	1 Hour	Instant
Payout Boost	None	1%	2%	3%
Bonus	20%	50%	100%	200%
Risk-Free Trades	0	3	3	3
Trade Back	0.1%	0.5%	1%	2%
Customer Support	Standard	Priority	Priority	Priority
Personal Account Manager	No	No	Yes	Yes
Online Masterclass	No	No	Yes	Yes

How To Open A Videforex Account

I found the registration process very fast and straightforward, especially since Videforex does not require the usual ID verification checks that many forex brokers have.

1. Add your email, password, name, phone number, and account base currency to the application form and hit ‘Next’
2. Choose ‘Add Funds’ in the top right of the interface
3. Select the account status you wish to apply for and click ‘Next Step’
4. Add the amount you wish to deposit and if desired, opt into the bonus scheme by clicking the slider icon
5. Choose an account funding method below and hit ‘Continue’
6. Follow the on-screen instructions and tick ‘I’ve Made A Deposit!’ once complete

Trading Fees

Videforex offers above-average fees based on my assessment.

The broker applies a floating spread model for CFDs, with the spreads varying by instrument. During testing, I got average spreads of between 1.5 pips to 2 pips on major forex pairs including the EUR/USD and USD/GBP.

These fees are higher than many alternatives. CMC Markets, for example, offers sub 1-pip on popular currency pairs through its no-commission account.

Non-Trading Fees

Videforex’s non-trading fees are a weak point that detracts from the high payouts in my view. With a 5% transfer fee for card deposits and, under some conditions, a punishing 20% withdrawal fee, I am very disappointed. I can avoid these high charges with many alternatives.

There is also a $10 monthly inactivity fee after just one month of no transactions. I think this is very limiting, so I wouldn’t recommend this broker to casual investors.

Swap fees also apply to CFD positions held overnight.

Payouts

I have tested multiple binary options brokers and Videforex stands out for its high payouts, which can reach 98%.

The 95% payouts on major forex pairs are also higher than rivals like Pocket Option, which offers up to 92%. Ultimately, this means you can earn more for correct predictions.

Below are the payouts you can expect on popular currency pairs.

Currency Pair	Payout
AUD/CHF	95%
USD/JPY	95%
GBP/USD	95%
EUR/GBP	95%
AUD/JPY	95%
EUR/USD	95%
AUD/CAD	92%

Importantly, I appreciate that payouts in percentage and value are displayed on the order ticket screen before execution. This makes me feel comfortable that profit potential is clearly displayed before entering trades.

Timeframes

Videforex offers a good range of contract timeframes to suit different trading horizons. I can choose from three option timeframes in the platform – turbo, intraday, and long-term. This provides contract lengths from 1 minute to 1 month.

For me, this is a notable strength of trading at Videforex, as many binary options brokers focus on short-term trading only.

Payment Methods

My tests show that Videforex supports a substandard range of payment methods, with no e-wallet solutions such as PayPal or Skrill.

Credit/debit cards and wire transfers are the only fiat funding methods available, and these are expensive with a 5% transfer fee applicable for credit/debit card deposits and a $50 flat fee for international wire transfers. Ultimately, Videforex does not offer the low-cost, convenient funding that many brokers do.

You can deposit using:

• Bitcoin
• Ethereum
• Altcoins
• Bank wire transfer
• Visa and Mastercard credit/debit cards

While testing Videforex, I found that withdrawal times vary by account, though all provide processing within one working day, which is on the fast side.

Alarmingly, when I reviewed the terms and conditions, I found a clause that a 20% maintenance fee could apply if a fund request is made without at least a 1x turnover.

Forex Assets

Videforex offers CFD and binary options trading on 50+ major, minor, and exotic currency pairs. Though this is a smaller list than some rivals, I feel confident there is enough here for most aspiring forex traders. Most popular currency pairs are available.

Non-Forex Assets

Besides currency pairs, Videforex offers a modest selection of indices, crypto, and commodities. Unfortunately, there is limited variety in each asset class, while the absence of shares is a big disappointment, as I think they offer good diversification opportunities.

You can trade:

• 3 commodities including gold and Brent crude oil
• 11 cryptocurrencies including Bitcoin, Ethereum, and Ripple
• 7 indices including the S&P 500, FTSE 100, and HK 50

Leverage

Videforex offers leverage up to 1:500 on forex CFDs. This is on the high side of forex brokers I review and significantly more than the 1:30 cap imposed by EU, UK and Australian regulators.

As such, I recommend taking a careful approach to risk management. Make use of tools like stop-loss orders.

On a positive note, I was pleased to find that the maximum losses you can incur from a trade are limited to the original investment amount.

Positions will be automatically closed if the maintenance margin amount falls below 5%.

Platforms & Apps

I feel that Videforex’s platform offering, which features only a proprietary web terminal and mobile app, is lacking compared to established forex brokers that support advanced third-party platforms such as MetaTrader 4.

However, I do recognize that the broker focuses mainly on binary options, and that this type of derivative is frequently traded on straightforward, web-based terminals.

And, during my testing, I enjoyed using this platform and found the experience smooth with no technical glitches. I especially like the integration of TradingView charting, which offers more graph types, 70+ technical indicators, and useful drawing tools. This is a serious benefit while trading with what is otherwise a fairly basic platform.

I think the mobile app has been equally well-designed. My only minor complaint is that I feel the charts could be slightly better optimized for the small screen. This impacts its usefulness for technical analysis.

How To Place A Trade On Videforex

I find it easy to place trades thanks to the platform’s intuitive interface. You can choose between ‘Options’ or ‘Forex & CFDs’ by clicking on the tabs on the top left of the screen.

To open a binary options trade:

1. Log in to your Videforex trading account
2. Choose an asset to trade from the dropdown menu
3. Select an ‘Option type’ from the top section of the order screen (turbo, intraday or long-term)
4. Choose an expiry time in the section below
5. Enter the amount to stake
6. Review the payout percentage and value
7. Choose the trade direction by selecting ‘Up’ or ‘Down’

To open a CFD trade:

1. Choose an asset to trade from the dropdown menu
2. Highlight the ‘Buy’ or ‘Sell’ order direction
3. Select ‘Order type’ from the top section of the screen (market or pending)
4. Enter the amount to trade
5. Review the leverage and margin requirement
6. Add a stop loss or take profit (optional)
7. Select ‘Place Buy’ or ‘Place Sell’

Forex Tools

Videforex offers limited trading tools based on my experience. Aside from an economic calendar and market sentiment data, there is little to support trading decisions.

If you trade with an established forex broker, you often get a wealth of support including forex calculators, VPS hosting, and market research tools.

Copy Trading

I initially felt that Videforex’s provision of copy trading could be a redeeming feature. However, having tested this service, I do not feel that I can recommend it.

When using it, I was not offered detailed performance statistics of registered signal providers. A simple profit percentage is published, which in my view, is not enough to help you find a master trader that aligns with your goals and risk appetite. I think more insights into the strategies used and returns over different time periods would be worthwhile additions.

Forex Education

This broker lacks educational content, with no online academy, resources, or trading tutorials for beginners. This is a major disadvantage for me and ranks the forex broker down.

New traders will need to turn to external resources to learn about the foreign exchange market and what influences currency prices.

Forex Research

I think the live news stream and basic market analysis within the trading platform are nice touches, but I have been disappointed that expert commentary is not available. This can be useful for informing trading decisions.

Demo Account

Videforex offers a demo account to practice trading forex risk-free. However, I am disappointed to find that a live account must be opened, with funding, to obtain demo credentials.

This is very limiting and takes away an important opportunity for prospective clients to explore the broker’s services and platform features before risking funds.

To open a practice account, you need to contact the customer support team with your live account registration details.

Bonus Offers

Videforex frequently offers bonus rewards for new and existing customers. These include trading contests, giveaways and referral schemes.

At the time of my review, I was offered a deposit bonus of up to 200%. While the highest rewards are earmarked for traders depositing over $3000, a 20% deposit bonus can be achieved on initial deposits of $250 (Bronze account).

I assessed the terms and conditions and found that withdrawals are available so long as the bonus amount has been turned over three times and within three months. Of course, requests via international wire transfer will be subject to a $50 fee which is expensive.

Importantly, I always recommend reviewing the terms and conditions of financial incentives before signing up, and I never recommend choosing a brokerage solely based on their trading promotions.

Trading Restrictions

I did not find anything to suggest there are trading restrictions during my evaluation of Videforex, so strategies like scalping and hedging can be used.

Customer Service

I find Videforex’s customer service to be substandard due to the lack of direct email communication and the poorly functioning live chat.

The video chat can be helpful and is fairly unique – I haven’t seen this at other brokers. However, unregistered clients are only permitted access to a ‘group chat’, and during my multiple tests, response times varied significantly, sometimes with immediate responses and other times I needed to wait around 10 minutes.

Videforex can be reached through:

• Email Request Form – Via the ‘Contacts’ webpage
• Video Chat – Available at the top of the broker’s home webpage
• Call Back – Input your phone number under the ‘Call back’ icon found top left of the broker’s website
• Telephone Number – +18499370843 (Generic), +1-829-9476393 (English), +7-499-7033774 (Russian), +3-395-0396 (Chinese), +02-21345671 (Thai), +965-65425142 (Singapore), +61-8-5550-7288 (Australia)

Company Details

Videforex is operated by INVOLVA CORP, licensed by the International Financial Market Relations Regulation Center (IFMRRC), and registered offshore in the Marshall Islands.

Limited details are provided otherwise, which does pose credibility concerns for me. I have been unable to source information on additional office locations, the management team, and any industry accolades.

Trading Hours

Videforex trading hours vary between asset classes, but I found a comprehensive listing on the broker’s website. Importantly, you can speculate on currency pairs throughout the trading week.

Who Is Videforex Best For?

My analysis shows that Videforex is best for investors looking to trade ultra-short-term binaries from 5 seconds with above-average payouts of up to 98%.

However, while the binary options payouts are good, the lack of advanced tools and research, substandard educational content and weak regulation may leave both beginner and experienced traders looking for more. If these things are important to you, then I recommend you look at one of these forex brokers:

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FAQ

Article Sources

Videforex Website

Videforex – IFMRRC License