Videforex 2021 Overview
This is a young company, launched in 2017. Thanks to the development of its software, the broker became known to a wide range of users. The specialization of the broker – binary options, contracts, forex. It is in demand among traders who trade within a day.
A brief history
Despite the fact that VideForex was created in 2017, the company that owns this brand also operates binary options under the brand BinaryMate. At the time of publication of this material, the broker has shown itself as quite a reliable company with a clear user interface
Minimum starting deposit
For those who are new to intraday trading, it will be pleasant news that a bonus of the deposit amount is offered for the first deposit of $250.
Spreads and Commissions
Each instrument on the platform has its own values of spreads and commissions, taking into account the liquidity and foreign markets.
VideForex offers a fixed leverage of 1:100 which allows you to enter into transactions with capital exceeding your own, but also increases the risk of loss. Losses are limited to the amount of the first deposit, insurance mechanisms are used.
VideForex without the use of leverage the amount of commission on cryptocurrency will be small – 1-2.5 percent of the transaction amount. If company funds are used, the commission fee can be up to 5 percent.
As the number of trades increases, so does the trader’s cost. If it is necessary to hold a position until the next day, the broker may request a transfer fee of 0.07 percent of the face value.
Activation of the trading account is free and there is no account maintenance fee.
On the broker’s website there are information on current promotions and promo codes for free trades.
VideForex Trading Platform
As described earlier, this company has developed its own platform. Judging by the reviews of many clients, the developed software satisfies even the most demanding clients. By refusing to use third-party software, the company is able to guarantee that all services run smoothly.
After the first deposit you get access to VideForex test account. Like at most other brokers a demo account with access to the main instruments identical to the real one is also available here. Form your own strategy, experiment and as soon as you feel confident you can start working with real money.
The main criteria important for the trader:
– responsiveness – here, thanks to its own development of the trading platform, the company does not depend on external factors and can guarantee the smooth operation of each element of the system)
– Ease of use – during the development of software, traders’ requests were taken into account and market research was conducted.
– Security – client funds are kept on separate accounts and personal data is protected by confidentiality policies.
In such a short time this company developed its platform and attracted the attention of many users. Traders have praised the set of tools and the simplicity of the platform settings.