VideForex Review 2024

VideForex started working as a Binary Options and forex broker in 2017, and now its headquarters are in the Marshall Islands. According to the broker's claims, trading more than 100 assets from different markets is possible, and users can withdraw their assets within 2 hours! This broker even offers traders several bonuses [20, 50, and 100%], and everything looks attractive. But is VideForex Binary suitable and valid for trading in the forex and Binary Options markets? This is the question we answer in this article, "VideForex Review."

VideForex Company Information

VideForex is more than just another name in the crowded field of online brokers. Established in 2017 and operated by “Involva Corp”, this Marshall Islands-based company has complete features of a regular broker such as minimum order of 0.01$ or supporting instruments like shares, Crypto,Currencies, Indices, Metals and Commodities. But it’s not everything about VideForex, here’s what you need to know:

• Offers trading in over 100 assets;
• Provides Binary Optionss on forex, cryptocurrencies, stocks, and more;
• Utilizes a proprietary web-based trading platform with mobile apps (though mobile functionality was limited at the time of review);
• Offers leverage up to 1:500, though specific ratios aren't clearly disclosed;
• Minimum deposit of $50 to open a live account;
• Not regulated by any major financial authority, which may raise security concerns.

Summary of Specifications

To give you a clearer picture of what VideForex Binary brings to the table, let's break down its key specifications such as account types, trading instruments and trading platforms. VideForex specifications:

Account types

VideForex caters to traders of all levels with its 3-tiered account structure. VideForex account types review:

• Bronze account: this is the entry-level account, perfect for beginners. It comes with a 20% bonus, 24/7 live chat support, 1-hour withdrawals, a demo account, and access to the copy trading tool.
• Silver account: a step up from bronze, this account includes all bronze features plus a master class webinar, a 50% bonus, and 3 risk-free trades.
• Gold account: the premium tier, gold accounts enjoy all silver features plus a 100% bonus and a personal success manager.

Each account type is designed to cater to different trading styles and experience levels, but the interesting thing is that when we specify a deposit amount based on the account, the broker automatically add the bonus amount (20, 50 or 100%), but the final amount is the same as the initial deposit!

Sign up guide

Registering with the VideForex broker is easier than it seems, and according to the broker's claim, it is done in 5 seconds! To trade in this broker, you must first register:

1. Visit the VideForex website and click on the "sign up" button.

2. Fill in the registration form with your personal details, including name, email, and phone number.
3. Click on account section, then click on “activation button” to adjust your preferred settings.
4. Make your initial deposit using one of the available payment methods.
5. VideForex doesn’t require verification, so you can start trading!

Bonuses overview

VideForex isn't shy about offering bonuses to attract and retain traders. Here's what you can expect in terms of promotions:

• 20% bonus: $250 deposit as an example equals 300 usd total deposit;
• 50% bonus: $1000 deposit as an example equals 1500 usd total deposit;
• 100% bonus: $3000 deposit as an example equals 6000 usd total deposit.
• Weekly trading contests: a $20,000 prize pool for the top 20 traders based on return on margin.

• Referral program: earn 20% commission on the initial deposits of traders you refer.
• Special promotions: occasional giveaways of apple devices [iphone, ipad, mac and apple watch] for qualifying deposits.

While these bonuses can provide a nice boost to your trading capital, it's important to read the terms and conditions carefully.for instance, VideForex deposit bonuses are not withdrawable.

Commissions and fees

The Binary VideForex fee structure seems complicated because each market has its commission rate. VideForex commission:

VideForex Binary Options broker personal cabinet: features overview

The personal cabinet is your control center on VideForex. Here's what you can expect to find:

• Account overview: quick view of your balance, equity, and open positions;
• Deposit and withdrawal: easy access to funding options;
• Trading history: detailed record of your past trades;
• Bonus information: track your active bonuses and requirements;
• Settings: customize your account preferences;
• Support: direct line to customer service;
• Educational resources: access to webinars and trading guides.

What Indicators and Oscillators Can I Use on VideForex Broker Platform?

We noticed in VideForex review that, like many Binary Optionss brokers such as quotex, binarium, etc., it did not support metatrader 4 and 5 or other common platforms, but launched its own exclusive trading platform. Such an incident led to the inability to manually add an indicator/oscillator, and now the number of indicators on the vidforex platform becomes important; there are more than 100 indicaors available in VideForex.

Payment methods

VideForex offers 2 payment methods to cater to traders from different regions:

• Credit cards: visa and mastercard with instant funding time, 5% fee and up to 1 hour withdrawal;
• Cryptocurrency: btc, eth, ltc and dash with instant funding time. 0 fee and up to 1 hour withdrawal time.

Copy trade and social trading options

It seems that VideForex broker does not support social trading as there is no information about this on their official website. On the other hand, it is possible to copy trade in all accounts of this broker (even bronze) and users can easily use this feature and copy the transactions of experienced traders.

Trust scores of VideForex Binary Options broker

Trust score is a broker's grade based on people's opinions or reviews of various reliable sources. Videforex receives an average plus score [from Trustpilot and Reviews.io] in this section because some users are satisfied with its services and others are dissatisfied. VideForex trust scores:

• Trustpilot: 3.5/5 based on 100 reviews;

• Reviews.io: 4 out of 5 based on 101 reviews;

Customer services and support

Support is the most crucial strength of vidforex, and what you see in this broker is something you won't see in any other broker because this broker provides 24/7 live video support! VideForex support:

• Live video chat: available 24/7 for real-time assistance
• Phone support: direct line to speak with customer service representatives
• Social media: active presence on platforms like facebook and twitter
• Faq: categorized faq to answer common questions of traders.

Trading Finder Writer's Opinion and Conclusion

VideForex Binary was founded in 2017 and has less than ten years of experience in the forex and Binary Optionss markets. Although this newborn broker offers significant benefits, such as 20, 50, and 100% bonuses, it has some shortcomings and has not received an acceptable score. However, it remains to be seen what the future holds for VideForex and whether it can become one of the leading Binary trading brokers.