VideForex Review

Background

Videforex is a fairly new online forex brokerage that is registered in the Seychelles. It hasn’t developed a strong international presence during the four years that it’s been in operation, but claims to attract traders from most countries. There are around 100 assets for trading as CFDs on multiple devices using the free trading platforms that they offer. Videforex is a basic brokerage that seems to suit experienced traders who want to maintain a portfolio of core assets.

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Protection & Security

Videforex broker is located in the Seychelles and the corporate office is in Vanuatu. They use the industry standard SSL protocols to safeguard trader security and guarantee segregated account and full trader privacy. We have not received any reports that Videforex is a scam broker, they just seem to be a small operation without a great deal of resources.

Global Presence

Videforex accepts traders from most countries, with the exception of the US and Canada. The seem to be popular in the Middle East, but don’t have any regional offices or a strong presence in the world’s big cities. The platform is available in 6 languages, including Thai and Arabic.

Account Types

Videforex currently provides just 3 account types , starting with a Bronze Account that requires a minimum deposit of just $250. The choices for traders are very basic and the different account types don’t bring significant benefits.

Minimum Deposit – $250

Deposits & Withdrawals

The minimum deposit at Videforex is just $250. There is a good selection of payment methods including credit cards (VISA/MasterCard), Bank wire transfer, Bitcoin, Ethereum, Litecoin, Altcoins, Neteller, Skrill and Perfect Money. Deposits and withdrawals are generally quite straightforward although Videforex may charge fees on some transactions. We recommend that you read the terms and conditions for your account type.

Deposit

Depositing is simple at Videforex with a minimum deposit of just $250. The broker accepts a wide range of payment providers and is happy to receive deposits in several cryptocurrencies. There are no fees on deposits and processing is fast.

Withdrawals

Withdrawals can vary according to account type and payment method. There is a 5% transfer fee for card payment but no charges from the broker for other methods. Videforex aims to process withdrawals within 2 working days, but there can be delays, especially during busy periods.

Trading Platforms

Videforex uses an advanced proprietary platform for CFD trading that includes live video chat. The platform is available in three versions: Web, Android and iPhone. All platforms provide real time price feeds and the usual alerts and signals. All trades have instant order execution and automated risk management.

Markets & Products

Videforex broker has a limited choice of around 100 CFDs for trading online including: 25+ Forex Currency Pairs and 17 crypto pairs. There is also a small number of other assets. This is not an impressive choice and will only really appeal to niche forex and crypto traders.

Edcuation Center

Videforex is one of the few brokers we’ve reviewed that doesn’t have an education center. It’s possible that they are content to offer a basic brokerage service to experienced investors and don’t care about attracting beginners to their platform.

Customer Service

Customer Service is available in 6 languages on a 24/7 basis via live video chat, phone or online form. The reps seem to be quite efficient and have a good working knowledge of the platforms and account management systems.

Promotions & Offers

Videforex is one of the more generous brokerages that we’ve seen. They offer bonuses worth up to 100% on initial deposits and continue to offer traders promotions and bonuses that increase according to account type.

Trading Tools & Reaserch

Traders are limited to the trading tools that come with the platforms. These are adequate for ordinary trading, but don’t match some of the advanced analysis features that other brokers provide. There is however an option for copy trading.

Overall Summary

PLUS:
There is a good choice of payment methods and deposits and withdrawals are straightforward. Videforex has been keen to embrace cryptocurrencies and has an open and modern approach to these assets.

MINUS:
Videforex is a small brokerage with few assets and almost none of the usual resources for its traders. Account types are limited and there is no education center. We are not sure how much liquidity this broker actually has.

Pros & Cons

Pros

Good attitude to cryptos

Wide choice of payment methods

Hassle free deposits and withdrawals

Cons

Small asset index

No education center

Only 3 account types

Not enough educational tools

VideForex

VideForex

Protection & Security
2.5/5
Global Presence
3.5/5
Account Types
3.5/5
Deposits & Withdrawals
3/5
Trading Platforms
3/5
Markets & Products
2.5/5
Edcuation Center
2.5/5
Customer Service
2/5
Promotions & Offers
4/5
Trading Tools & Reaserch
3.5/5

Minimum Deposit - $250

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