Videforex reviews

Although VideForex was recently introduced in 2017, the organization behind it is also in charge of the reputable BinaryMate, a business that actively protects money and is regarded as the protector of the security of its customers.

Minimum initial deposit

Intraday trading does not require a large minimum deposit if you are just starting. Luckily, opening a new trading account with VideForex requires a $250 deposit. They also provide a 100% bonus on your initial deposit.

Spreads and commissions

Each instrument’s spread varies depending on the instrument. It will consider the underlying financial instrument’s liquidity and external markets.

Leverage

Leveraged trading is available on VideForex. As a result, you can successfully borrow money to improve your position. However, there is a chance that losses will increase as a result of this.

According to the law, the business by default restricts all clients to a maximum multiplier of 1:100. The leftover capital is safeguarded because the client’s loss is limited to the amount of their initial investment.

For opening a cryptocurrency CFD trade without leverage, VideForex might levy a fee. It may range from 1.5% to 2.5% of the total transaction cost. The charge can increase to 5% if you take leveraged positions in CFD cryptocurrencies.

Other trading fees

The charges can build up quickly if you engage in a lot of trading each day. It is important to keep in mind, though, that VideForex has the right to charge customers a swap fee equal to 0.07% of the position’s nominal value if they want to hold the position overnight.

It is also important to note that there is no maintenance or registration fee when opening an account with VideForex.

Finally, keep an eye out for sales and coupon offers on their official website. You can benefit from free bidding if you register at the correct moment.

VideForex trading platform

The fact that VideForex chose to design and construct its internal trading platform is one of the distinctive characteristics of this online broker, as underlined by client evaluations of VideForex. The broker has the following benefits:

• They can ensure their online trading platform by avoiding the use of a third-party platform.
• VideForex is constantly aware of what is going on and around its platform.

Both novice and seasoned traders can easily learn day trading on the VideForex platform.

Demo account

You have access to a VideForex demo account after making a deposit. This is the ideal setting for formulating a plan and becoming acquainted with market circumstances while working with fictitious funds. When you feel secure, you can start making significant investments.

Conclusion

Despite being a new broker, it provides live video help, interesting weekly contests, and a unique trading interface. Additionally, this broker offers a variety of online trading accounts, is simple to set up and use, and appeals to both novice and seasoned traders.