This review will go over VideForex to see if it really is the best forex trading course out there.
You’ll learn whether broker trading is the right online business for you.
If you’re like most of my readers, you came across VideForex for one main reason:
You want to make more money than you currently make by leveraging your existing resources.
Maybe you’re even looking for a quick turnaround on some of your cash instead of waiting years or even decades for it to double.
Well, you’re in good company – who wouldn’t want all of that?
There’s one thing you need to watch out for though: legitimate scammers.
The idea of making 10X on your money in a day is obviously something that would entice the masses, and so it naturally attracts a lot of bad actors into the financial products space.
But for purposes of this review, let’s assume these people had the best of intentions.
Even with the most sophisticated systems out there, most experts barely manage to get it right 10% of the time…
Obviously, there’s an argument to be made that 1 winning bet can outshine 10 losing ones…
But if you mess up and miss a trade even once, your month can turn sour pretty quickly.
Suffice it to say that there’s a whole lot of stress & uncertainty.
Now don’t get me wrong, it doesn’t mean you’re guaranteed to lose money. I’m just saying that you need to be aware of what you’re getting yourself into.
But what if you could build a different income stream, and start seeing profits within your first few days?
I’m talking about a system that doesn’t require:
- Obsessively checking your phone and charts
- The emotional turmoil of loss after loss, waiting for that win
- Glorified gambling
Something that you could make anywhere from $2,000 – $10,000 with consistently, month after month?
A stream of income that you can build as high (or low) as you feel like building it, without spending every waking hour watching for alerts and pouring over charts?
If that sounds interesting, you might want to think about becoming a Digital Landlord.
If you wanna see what VideForex looks like on the inside, keep reading.
Since its 2017 debut, VideForex’s popularity as a CFD, forex, and binary options broker has grown steadily. It has developed its own proprietary financial trading software and platform and welcomes day traders, whether newbie or professional traders.
This page’s comprehensive brokerage analysis includes accounts, pricing, platforms, and rules. After considering all the benefits and drawbacks, I will decide whether or not to include this company on the best day trading platforms list.
Videforex Brief History
Although VideForex didn’t launch until 2017, the same company is behind it and the well-established broker BinaryMate. A reputable company with a track record of protecting its clients’ funds and putting customer satisfaction first. So, what can you expect from VideForex.com, their newest offering?
Trading Account Minimum Deposit
When starting in day trading, a high initial investment can be intimidating. You need to test the waters first by dipping your toe in. Fortunately, VideForex’s minimum deposit requirement for new trading accounts is only $250, which is on par with the rest of the industry. Not only that, but they will double your money on your first deposit (check the T&Cs before using it).
It’s also worth noting that the minimal criteria remain the same whether you’re day trading forex, trading CFDs, or binary options on VideForex.com.
Spreads & Commissions
Costs associated with day trading can add up quickly. Thus, it is crucial to select a broker who provides competitive spreads. VideForex.com commonly employs a spread. Some instruments have variable spreads. Market conditions and the ease of trading in the underlying financial instrument will be considered.
While they aren’t the cheapest broker on the market, they are also not the most expensive. Hopefully, this means you avoid the brokers whose prices are so low that you pay the amount in poor execution speeds and an unreliable platform. While the fees of more expensive brokers will significantly reduce your end-of-day profits.
VideForex offers leveraged trading. This will allow you to borrow money and significantly improve your situation. The upside is that this has the potential to increase your profits significantly. There is, however, the possibility that losses will multiply.
Following the law, the corporation limits all consumers by default to a maximum multiplier of 1:100. Furthermore, a customer’s loss is limited to their original investment amount, ensuring that their remaining equity is preserved.
VideForex has the right to charge a commission for opening an unleveraged bitcoin CFD position. This could range between 1 and 2.5 percent of the transaction. If you choose leveraged CFD cryptocurrency positions, the cost could reach 5%.
So, VideForex is a good place to start if you’re seeking forex leverage. Ensure that your strategy and money management system account for potential losses.
Other Trading Fees
Fees can add up quickly if you make many trades every day. Because of this, it’s important to find trustworthy day trading brokers online. Of all the brokers out there, VideForex.com is one of the few that tries to be upfront about their fees.
However, it’s worth noting that VideForex.com reserves the right to levy a swap fee of 0.07 percent of the position’s face value if a customer wishes to retain a position overnight.
It is also worth noting that there are no maintenance or registration fees when you open an account with VideForex.
And lastly, keep an eye out for special offers or discount codes on their official website. If you sign up at the right moment, you may be able to take advantage of free transactions.
VideForex Trading Platform
One of the distinguishing qualities of VideForex, as highlighted by client reviews, is that they have chosen to construct and develop their own in-house trading platform. While many will be familiar with the MetaTrader 4 (MT4) platform, VideForex.com’s approach has several advantages:
- They can ensure the quality and stability of their online trading platform by not employing a third-party platform.
- VideForex is always aware of what’s happening on their site. Hopefully, this will streamline the querying process and guarantee that any bugs or errors are dealt with as soon as possible.
Day trading on the VideForex platform is simple to learn for both beginner and expert traders. It has been specifically designed to maintain usability while providing the complex trading tools and resources many day traders seek. In-depth trading training, for example, can guide inexperienced traders through the platform.
The user-friendly approach makes selecting your financial instrument a breeze. You may access your preferred currency pairs, commodities, and indexes with a few mouse clicks. You also gain access to cryptocurrency pairings and fixed return choices, in addition to your major currency pairings.
You’ll also notice that because their platform is web-based, no lengthy downloads are required.
The platform’s social trading tool, sometimes called ‘copy trading,’ is a handy supplementary feature. This allows you to learn from experienced and successful traders and mimic the moves of high-earning traders.
Mobile App Review
For a powerful trading solution, try out the Videforex app, available for both iOS and Android. It’s a lovely complement to the existing desktop solution, with all the features and utilities you could want. Trading cryptocurrencies, stocks, binary options, and foreign exchange are all on the table. The mobile app facilitates not only full account management but also copy trading.
Methods Of Payment
You can deposit and withdraw money through VideForex from the United Kingdom, Europe, or anyplace else. Because Videforex has entered the world of digital currencies, you can now utilize any of the following methods:
- Credit cards (VISA/MasterCard)
- Bank wire transfer
- Perfect Money
This should reassure all clients that their funds are conveniently available.
VideForex Trading Accounts
You will have three distinct accounts to choose from while trading VideForex CFDs, binary options, or forex. The amount you deposit is determined by the type of account you are eligible for. The three alternatives are as follows:
- Bronze Trading Account– The minimum deposit is $250. With this account, you get one-hour withdrawals, live video chat assistance 24 hours a day, a demo account option, and their copy trading tool.
- Silver Trading Account – A minimum deposit of $1000 is required to open a silver account. You will then receive all of the Bronze features, a personal success manager, and a master class web session.
- Gold Trading Account — A minimum deposit of $3,000 is required. You will receive all of the Silver features and a 100% bonus in this Gold Account. You will also have access to a Swiss prepaid card and a personal account manager.
Traders who have opened Silver and Gold accounts can make three risk-free trades.
As you can see, the higher your starting capital, the more day trading assistance you will receive. The astute intraday trader understands that the more tools and resources you have at your disposal, the better your chances of making money.
VideForex Demo Account
After making a deposit, you will get access to a VideForex demo account. This is an excellent area to establish a strategy and become acquainted with trading conditions by utilizing virtual money. When you’re ready, start putting actual money on the line.
Using practice accounts, such as the ones provided by VideForex, is still one of the best day trading advice for beginners.
All enrolled clients get full access to VideForex’s features and services through their demo accounts. Clients can practice numerous strategies for binary options trading, CFD Trading, and forex trading here.
VideForex users will not risk their own money by using a demo account. They will instead use virtual funds given by the broker. Clients will, however, need to deposit at least $250 to gain access to the demo account feature.
VideForex Additional Features
One of the most intriguing things discovered during this VideForex review is their weekly contests.
There is no entry fee, and twenty winners are announced each week. Because all accounts immediately participate, both beginner and experienced traders can compete. The finest part, however, is a $20,000 reward fund.
VideForex Safety & Security
With cybersecurity on the rise and internet scams on the rise, being able to trust your broker with your sensitive data is critical. Fortunately, security is a top focus at VideForex.com.
They use a high-tech, sophisticated system to provide consumers with 100 percent secure trade and complete data protection.
VideForex Regulation & License
Unfortunately, day trading websites occasionally receive negative news from fraudsters. This emphasizes the importance of ensuring that you can trust your broker.
While VideForex adheres to financial regulation norms, they are not restricted to a single country’s regulatory system. The Finance Group Corp, located on the 2nd Floor, Transpacific Haus, Lini Highway, Vanuatu, has licensed them. It’s important to note that VideForex.com, like most US forex brokers, is not regulated by the CFTC.
Benefits Of VideForex Trading Platform
Whether you’re a currency day trader or interested in CFDs and binary options, the finest online trading organizations must check many boxes. Customer feedback on VideForex reveals that this broker offers a plethora of advantages:
- Accessibility — They make day trading possible for customers all over the world, except in the United States.
- Small minimum trade size – You can open positions for as little as $1. This is great for first-time entrepreneurs and those with minimal start-up funds.
- Funding methods – VideForex accepts various payment methods, including credit cards and cryptocurrency.
- Customer service – Customer service at VideForex is quick and dependable. Few brokers provide the 24-hour multilingual video help supplied on their system. Every second counts in day trading, so having any difficulties or questions resolved and responded to quickly can be critical.
- Nonstop trading — You can trade every day, even on weekends. This is perfect for busy traders who must schedule their trading around other obligations.
- Withdrawal speed – Nothing dulls a win like having to wait a long time to collect your winnings. When you day trade with VideForex, your withdrawals are guaranteed to be handled within one hour.
- Trading contests – VideForex hosts trading competitions regularly. They are not only excellent for practice, but they also have a monetary value.
Despite the various advantages, there are some disadvantages to day trading with VideForex:
- Limitations of web-based trading — Many of the best online day trading firms provide a choice of accessible trading platforms. Day trading on VideForex, on the other hand, is limited to their web-based platform. As a result, all transactions must be conducted through the company’s website. Despite this, specific traders may benefit from this straightforward approach.
- Restrictions on expansions – Due to their web-based platform, you cannot use specific systems, such as forex expert advisers. It is also possible that additional indications and tools will be incompatible. Clients from the United States are likewise not welcomed.
VideForex User Trading Conditions
So, the following question is, what does Videforex have to offer its customers? This will be covered in more detail in the following sections.
Additional Fees: According to the website and VideForex’s customer service agent, they do not charge fees. However, the salesperson remained silent when asked about their commissions and profit split. The website contains no additional information on commissions or profit-sharing.
Leverage and assets: The assets listed below are available. You can trade digital options and CFDs on the same platform with Videforex.
Options: Options trading on VideForex is available in four asset classes. These include currencies, commodities, cryptocurrencies, and stocks. These assets are listed below. Furthermore, because options trading is already deemed high risk, clients are not forced to trade with leverage.
Currency pairs: USD/CHF, EUR/USD, USD/JPY, USD/CNH, CAD/CHF, CHF/JPY, GBP/USD, EUR/NZD, AUD/NZD, EUR/AUD, USD/SEK, EUR/GBP, EUR/CAD, USD/SEK, EUR/GBP, EUR/CAD, USD/SEK, EUR/GBP, EUR/CAD, USD/SEK, EUR/GBP, EUR/CAD NZD/USD, GBP/CHF, AUD/USD, USD/RUB, USD/CAD, EUR/JPY, EUR/CHF, GBP/JPY, AUD/CAD, GBP/CAD, GBP/AUD, AUD/CAD, GBP/AUD, AUD/CHF
Commodities: Gold, Silver
Cryptocurrencies: Bitcoin, Zcash, Ripple, Monero, OmiseGO, Litecoin, Ethereum, Ethereum Classic, EOS, Dash, Bitcoin Cash, IOTA, and stocks such as Lufthansa, Deutsche, Daimler, and BMW.
Forex and CFDs: VideForex offers CFDs on currencies, commodities, cryptocurrency, indices, and stocks. A list of these is provided below. When it comes to equities, however, there are over 50 CFD stocks available. Apple, Starbucks, Tesla, and Apple are among the most popular stocks on the platform. You may expect to find the seven major currency pairs and minor and exotic pairs when it comes to forex.
These assets can be traded using leverage by clients. The leverage for forex, index CFDs, and commodities CFDs can reach 1:500. Leverage is set at 1:10 for bitcoin CFDs. Finally, the leverage for stock CFDs is one-to-one.
VideForex Trading Hours
VideForex allows you to trade binary options, forex, and CFDs 24 hours a day, seven days a week. Because hardly every online broker offers this, VideForex is an excellent choice for those with limited time or erratic schedules. Simply put, it assures that applying for a job on the way to work, before bed, or late on a Sunday evening is always possible.
VideForex Contact & Customer Support
The new live video chat function is one of the most appealing aspects of this VideForex review. This function is accessible immediately from their webpage, which should give traders peace of mind.
Agents will be available to resolve any issues via a public or private live video link. This level of assistance is significantly higher than the industry norm. This makes VideForex a good candidate for day traders who are just getting started or want to know that help is only a few clicks away.
If you want to contact the company that owns the Forex, CFD, and binary options broker, their name is Vide Projects Ltd.
Contact numbers are:
- USA – 849 937 0843
- Australia – 61 8 5550 7288
You can also email support@Videforex.com.
FAQ: Videforex Review
Is VideForex a Legitimate Company?
Yes, VideForex is a legitimate company, even though it does not have the same regulatory standing as some market heavyweights.
Where is VideForex Located?
VideForex is located in Seychelles, while its parent company, the Finance Group Corp., is located in Vanuatu.
Does VideForex Locate in Trust Company Complex?
Trust Company Complex, Ajeltake Road, Ajeltake Island, Majuro, Marshall Islands MH96960 is the listed address for the company, which is not regulated. The broker can be reached via phone at +18499370843 or by live chat. Support@videforex.com is the email address.
Does VideForex Offer A Bonus?
Yes, VideForex gives a deposit bonus of up to 100%.
What Is The Minimum Investment And Funding Options?
The Bronze account has a minimum investment deposit of $250. Accounts can be financed via credit/debit cards, cryptocurrency accounts, and popular e-wallets. Some users said they had to turn over their referral deposits to receive the referral commissions.
How to withdraw?
Clients can make withdrawal requests for their profit using the withdrawal request methods. In one hour, clients will receive their cash from VideForex. However, if you withdraw on the weekend or public holidays, there may be a minor delay that you need to wait for almost a whole week. Remember that the minimum withdrawal is $50.
Final Verdict – VideForex Review
If you’re seeking the best online day trading brokers, look at VideForex. Despite its youth, it offers appealing weekly contests, a custom trading interface, and live video help. Furthermore, with various online trading accounts and simple setup and use, this broker appeals to beginner and experienced traders.
Are There Alternatives To VideForex?
Yes, there are plenty of other business models to choose from if you want to pursue this making money online. Here are just a few:
Is VideForex A Scam?
Alright, time for the $1,000,000 question: is VideForex a scam?
No, not technically. You can 100% make money with it, but it’s not NEARLY as simple as VideForex wants you to think it is.
You need to understand that you are taking a very big risk with financial products.
So while it’s entirely possible that you hit the big leagues and retire to a vineyard… the path to get there is so stressful, it might just shave a decade off your life… IF you even get there.
A friend of mine actually writes advertisements for one of the largest financial program advertisers in the world… so believe me when I say that most of the “awesome” numbers they use in their ads & landing pages are borderline false.
What they conveniently leave out are the dozens of losing bets and trades that came before the big win you’re reading about.
Now, most people don’t have the emotional bandwidth to stick out 3 months of back-to-back losses before (hopefully) getting a big win.
I’d rather use that 3 months of work (in my spare time) building Digital Rental Properties, and then collect a handful of nice little $500-$2,000 checks every single month afterward (AKA passive income).
And the cool part is that you can do it in a lot less time than 3-months (I personally did it in my first 2 weeks of being a Digital Landlord).
You can do it from anywhere in the world, so it’s a genuine “laptop-lifestyle” business.
All you need is a laptop and an internet connection.
Some of my friends are Digital Landlords that run their 6-figure businesses from:
- Camping trips at national parks
- Beachfront in Hawaii
- On the road in a camper van (with a pet pig!)
They focus on living an enjoyable life first, and focus on income second. All thanks to this program.
They can take weeks or months off, and money keeps rolling in.
Living happily is the top priority.
If the thought of living perpetually at your dream vacation spot interests you, being a Digital Landlord might be for you!
What Is My Top Recommendation For Making Money Online In 2022?
I’ve personally tried all of the major online business models:
- I’ve traded crypto & purchased a bunch of fancy “insider stock tip” newsletters
- I’ve sold fidget spinners through Amazon FBA
- I’ve drop-shipped a toilet bowl putting green on Shopify
- I’ve sold women’s health supplements via Clickbank affiliate marketing
And I made money with all of them, so trust me when I say: there is no “perfect” business model.
That being said, my #1 recommendation for making real money online is, hands-down: being a Digital Landlord.
Whether you’re a complete newbie, or you’ve been around the block before but have never had that “big win” to propel you forward, becoming a Digital Landlord is for you.
1)Time: If you’ve got a spare hour or two each day, you can do this. If you want to drop everything and go all-in, you can do this. More time obviously means faster results, but even putting in a few hours per day is enough to see real success.
And because of that flexibility, you don’t need to trade your time for money. Once the income starts, it’s recurring.
That means you can take a month off, travel the country, pursue a passion project, chill on the beach, or charter a boat across the world.
But you can only do that once you’ve created an income stream that doesn’t require YOU to be there all day, every day.
2) You Own & Control EVERYTHING: When it comes to the markets, nothing is in your control. You have zero influence over market-shifting macro-economic trends.
The number of people that have ACTUALLY beat the market consistently can be counted on one hand.
Why pour your soul into a business that you realistically have zero control over?
When you’re a Digital Landlord, you literally own all of the assets, which means you have ultimate control.
3) It’s Effectively Copy-Paste: Here’s my favorite part: once you have your first Digital Rental Property up, you can literally copy-paste another version of it and find another willing “renter” in a few days. DOUBLING your income doesn’t get much easier than that…
If you wanted to double your income in the markets, you would need to make twice as many winning trades, or double your profit on each trade. And I can guarantee you that’s a lot harder than a few clicks & a phone call.
4) Make Money Helping Real People: When you make money in the markets, you’re not really helping anyone but yourself. There is a loser on the other end of that trade.
But when you’re a Digital Landlord, you’re helping solve REAL problems that people are ASKING for help with:
Small local businesses around the world need one thing: customers. Without them, their business would fall apart. If you can provide those customers, they’re going to be really happy – and they’re going to pay you for it.
You’re helping a struggling mother or father put food on the table for their families, put their kids through college, or simply live life a little bit more comfortably.
Having this type of impact on the world is what will help you sleep soundly at night.
So, the rest is up to you. You could keep looking at other programs like VideForex, which might make you money if you luck out.
You could keep researching and researching for the next few months (or few years), never making a concrete decision.
OR, you can look deep inside, think about those dreams, hopes, & desires, and make the decision to ACTUALLY make it happen, just like it has for thousands of other students before you.
Making a fortune while actually helping real people that need it.
If this sounds like you, click here to see how it all works.