VideForex Demo Account Opening Process, Charges, Benefits & more

08 Mag VideForex Demo Account Opening Process, Charges, Benefits & more

While trading in a demo account, you can develop hands-on experience. You can use this experience for better strategy development and properly understanding the market conditions. After you gain proper confidence with the demo account, you can then start real trading by investing the real money. Remember that choosing a broker that charges too low or high might put you in danger. When a broker charges too little, it might not offer better and more reliable services.

Deposits & Withdrawals

If you are searching for a reliable broker that offers the best trading service, you must choose Videforex. It’s an excellent choice for traders from all around the world. This trading broker is considered the best for beginners, but professional traders also like using this broker. The platform offers direct access to deposit and withdrawal functions through “Add Funds” and “Withdraw” buttons, streamlining account funding processes. Videforex gets some things right like the platform is way slicker than other binary firms I’ve used (eg Capitalcore). But I hate how it feels really gamified with bonuses, so-called mystery boxess, competitions and the like.

What assets can be traded on VideForex?

For example, 24/7 live video chat support is offered for all account types. The last account type, i.e., the Gold account, is for professional traders who want to build a significant career in binary options trading. So, if you are serious about trading, you must choose this account by paying a minimum initial deposit of $3000. In addition to that, the customers’ feedback from dealing with live accounts doesn’t seem to be anywhere close to neutral even. Videforex may be more suitable for experienced and successful traders, thanks to the high minimum deposit, and lack of education and guidance.

• When copying the trade of a master trader, the copy-trader must pay a commission to them.
• Additionally, the mobile trading app is reported to have limited functionality.
• The free mobile terminal offers straightforward order management, plus direct deposits and withdrawals via APP.
• No, VideForex doesn’t have any account opening fees, especially for the demo account.
• This ensures that we accurately convey facts and events so that investors and traders can read our content with confidence and make informed choices.

Payment methods

Whether new to the trading world or not, read this article to get an in-depth insight into Videforex and its features. Participating in financial markets involves high risk, which can result in the loss of part or all of your investment. There are no guarantees or specific guidelines to prevent losses.

Is there a deposit bonus on Videforex?

Videforex has quite an average offering compared to many other online brokers. The costs are quite high, unlike GKFX – which not only comes with lower spreads but has no minimum deposit while offering trading account options for all types of traders. Hence, beginners should be aware of the fact that they will not be able to test the broker’s tools and features unless they commit real cash first. Only checking the platform could cost you money since cryptocurrency transfers will require you to cover the network fees. Similarly, if you choose Visa or Mastercard transfers instead, Videforex will charge you 5% for withdrawals/deposits as well.

The option is accessible from the top-right corner of the platform’s interface through a menu that lets you select between the real and the demo accounts. However, we were surprised to find out that the broker has gone above and beyond to make their web-based trading platform mobile-friendly. Traders can easily access VideForex’s web-based platform even when on the go.

It is done so traders can quickly initiate a trade from any part of the world. Recently, this platform has also started accepting payments through digital currencies. If you are new to binary options trading and want a quality experience, the Bronze account is for you. You need to deposit a minimum of $250 to access this account type.

However, if you do not make at least one trade a month, you will be charged $10. Clients simply need to decide whether the price of an underlying asset will rise or fall. Potential payouts and losses are fixed before the investor opens the trade. It is pretty challenging to know about the forex market and trade with it. And so I advise you to be very careful in deciding to trade with VideForex from my end I wouldn’t recommend it due to the negative feedback found. If you want to open an account with Videforex, you can do it in just a few seconds.

Initial Deposit

I like that the potential returns at Videforex are higher than binary platforms I’ve tried in the past. But to get a decent welcome bonus you really need at least a Silver account which needs a $1000 deposit and more than I could afford. The platform itself is super easy to use, even for beginners like me. A useful extra feature is social trading, also known as copy trading. This allows you to learn from experienced and successful traders, enabling you to copy the trades of high-earning investors.

But when it comes to living accounts, traders need to explore all accounts before choosing one. No, VideForex doesn’t have any account opening fees, especially for the demo account. Yes, traders need to give a Pan card while they open an account with the broker.

• Hence, beginners should be aware of the fact that they will not be able to test the broker’s tools and features unless they commit real cash first.
• Some of the popular options are Crypto, Credit/debit cards, Dash, Ethereum, Litecoin, Perfect Money.
• When we used Videforex, we found there is a commission for opening an unleveraged cryptocurrency CFD position.
• Videoforex’s commitment to providing a seamless trading experience is evident in their real-time price feeds and the ability to process withdrawals within an hour.

Otherwise, find another brokerage provider that is well-regulated and videforex demo account adheres to regulatory guidelines. Although VideForex is new in the brokerage industry, they offer many products and their customer service is commendable. Customers can choose to access VideForex’s web-based platform via their Android and iPhone devices. VideForex also has native trading apps that are available for free on Play Store and App Store.

If you are new to the brokers’ world, Videforex may be a sound option. This broker stands out from the crowd thanks to its focus on individuals who prefer passive trading via the Copy Trading tool, which is included in all of its account types. To find out more about this broker, make sure you check out the following Videforex review below. Videforex is considered a good broker for its high number of payment methods, 24/7 market access and reliable customer support.

Compare the markets and instruments offered by Videforex and its competitors. Please note, some markets may only be available via CFDs or other derivatives. Compare Videforex with the top 3 similar brokers that accept traders from your location. It’s worth noting this means Videforex is not regulated by CFTC, like most US brokers, which is why you can’t partake in day trading with Videforex if you are from the USA. The traders can learn about the specific documents required for verification when they open an account with the broker.