Videforex Review 2024

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3.4

Videforex is #7 in our rankings of binary options brokers.

Videforex Facts & Figures

Launched in 2017, Videforex offers access to stock, index, crypto, forex and commodities markets via binary options and CFDs. The proprietary platform, mobile app and integrated copy trading are user-friendly and will suit new and casual traders, and the market analysis tools and trading contests provide good ways to improve your trading skills.

Pros
  • Videforex allows you to enter positions with just ¢0.01
  • You can easily mirror the trades of experienced investors with low fees
  • Traders can earn up to 98% payouts on 100+ assets with the broker’s binary options, which is in line with competing brands like IQCent
  • The firm facilitates both trading and binary options which is great for those looking to diversify their portfolios
  • Videforex regularly runs trading contests, offering great practice opportunities and cash prizes to beginners and experienced traders
  • The support times are fast and reliable based on tests - few brokers offer 24/7 multi-lingual video support
  • Global clients can make free and fast transfers via a wide range of payment types, from credit cards to cryptocurrencies
Cons
  • No MetaTrader 4 integration
  • The broker isn’t overseen by a trusted regulatory agency
  • US clients aren’t accepted due to legal restrictions
Instruments Binary Options, CFDs, Forex, Indices, Commodities, Crypto
Bonus 20% to 200% Deposit Bonus
Demo Account Yes
Min. Deposit $250
Mobile Apps Android
Trading App

Videforex stands out with its comprehensive and user-friendly mobile trading solution, offering short-term binaries across a wide range of assets. The web-accessible application is fast, intuitive, and perfect for beginners, complete with a helpful guide upon first use. Videforex’s ongoing enhancements, including the addition of candlestick charts for technical analysis, further enrich the user experience.

iOS App Rating
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4.1
Android App Rating
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4.4
Payments
Min. Trade $0.01
MetaTrader 4 No
MetaTrader 5 No
cTrader No
DMA Account No
ECN Account No
Social Trading Yes
Copy Trading Yes
Auto Trading Yes
Signals Service Yes
Islamic Account No
Commodities
  • Gold
  • Oil
  • Copper
CFDs Videforex CFDs are available on forex, indices, cryptocurrencies and commodities with up to 1:500 leverage and tight spreads from near zero. CFDs incur a commission fee of 1%–2.5% and up to 5% for leveraged trades.
Leverage 1:500
FTSE Spread Floating from 0.2
GBPUSD Spread Floating from 0.1
Oil Spread Floating from 0.05
Stocks Spread NA
Forex Trade 35 major, minor and exotic forex pairs through CFDs with floating spreads from 0.1 pips. Alternatively, binary options allow you to speculate on rising and falling prices with a fixed stake and payout.
GBPUSD Spread Floating from 0.1 pips
EURUSD Spread Floating from 0.1 pips
GBPEUR Spread Floating from 0.1 pips
Assets 35
Stocks Trade binary options and CFDs on global stocks from US, European, Russian and Asian exchanges, as well as 37 indices covering a wide range of global markets. The access to stocks trumps many binary options brokers.
Cryptocurrency Traders can speculate on crypto prices in pairs with USD and CNY through binary options and CFDs. The range of digital currencies is fairly narrow vs alternatives but major tokens like Bitcoin are available.
Coins
  • BTC
  • ETH
  • QUANT
  • UNI
  • SOL
  • BNB
  • DOGE
  • XRP
  • XMR
  • MATIC
  • USDT
Spreads Floating
Crypto Lending No
Crypto Mining No
Crypto Staking No
Auto Market Maker No
Binary Options Videforex continues to offer binary options with 20% payouts on crypto and up to 98% on less volatile assets, beating many competitors. A wide range of contract lengths are also supported from 5 seconds up to 1 month. New users will appreciate the welcome deposit bonus.
Expiry Times 5 seconds - 1 month
Payout Percent 98%
Ladder Options No
Boundary Options No
Risk Warning – Your Capital is at risk

Videforex is an online broker specialising in forex, CFD, and options trading. Clients can access 100+ assets on their proprietary trading software. Our Videforex broker review will cover their UK account registration and login process, spread offering and minimum deposit requirements. Plus, we dive into their platform and mobile app to review their key features.

Videforex Headlines

Videforex was established in 2016 and is operated by INVOLVA CORP, located in the Marshall Islands. The broker is not registered with any financial authorisation or regulatory body. Videforex currently has 3000+ live accounts.

Trading Platform

Videforex offers clients its proprietary web trading platform. No download is required as trading is available via all major web browsers. The platform is easy to navigate with a user-friendly interface. However, while the platform is touted as suitable for both new and experienced traders, we found that sophisticated and advanced tools were lacking. In particular, there are very few technical features that are common on competitor platforms, such as charting tools and indicators.

Note, there are no third-party platforms such as MetaTrader 4 or 5.

Videforex Trading Platform

Videforex Proprietary Trading Platform

Products

The broker offers UK clients access to 100+ assets in the following markets:

CFDs and options on:

  • Commodities – Gold and silver
  • Crypto – 13 crypto pairs, including BTC, ETH and LTC
  • Indices – Seven global indices, including UK100 and USA500
  • Stocks – Options on four German stocks, including BMW and Lufthansa

Plus, 48 forex pairs, including GBP/USD and EUR/USD.

Spreads & Commission

Videforex spreads are floating and vary by instrument.

The broker charges a commission of up to 2.5% for opening a cash crypto CFD position. Leveraged cryptocurrency positions will incur a maximum 5% commission fee. Plus, there’s a swap fee (0.07% face value of the position) for trades held overnight. An inactivity fee of $10 per month applies if clients do not complete at least one trade in this time.

Leverage

Videforex offers a maximum leverage of 1:500 and differs by instrument. Traders should always utilise risk management strategies when trading with leverage to prevent significant losses. A maintenance margin call is in place for all retail traders. If the account equity falls below 5% of the initial investment, the broker will automatically close the position. This is in place to protect traders from losing more than their deposit amount, but can cause issues for profitability in a volatile market.

Mobile Trading

Videforex offers a mobile application as part of their proprietary software. This is available for free download to iOS and Android devices. The app allows for complete account management and access to trading opportunities while on-the-go. Features include:

  • Live charts
  • Full range of assets
  • View of trading history
  • Copy-trading
  • Instant trade execution
  • Access to the full suite of tools and features available on the desktop platform
Videforex Mobile App

Videforex Mobile Trading App

Payment Methods

Deposit

Videforex minimum deposit requirements vary by account type. The Bronze account requires the lowest deposit of $250 or equivalent currency. The broker does not charge an account funding fee, however, third-party fees may apply. UK clients can utilise the below deposit methods, with instant processing and no deposit fees.

  • Skrill
  • Bitcoin
  • Neteller
  • Bank wire transfer
  • Alternative crypto coins

PerfectMoney is available with up to 1 hour processing time and no fee.  Credit/debit card deposits (VISA and MasterCard) will be processed instantly with a 5% transfer fee.

Withdrawal

Videforex does not charge for withdrawals. The minimum amount for withdrawals is $50 or equivalent currency. Identification is required for each request. Fast processing times is available for all payment methods, and are guaranteed within 1 hour.

Note that there are some withdrawal conditions that apply. Accounts without a bonus must achieve a 100% turnover on the initial deposited amount before a withdrawal is permitted. Accounts with a bonus are subject to a 300% turnover cap before a withdrawal is allowed.

Demo Account

Videforex offers a demo account for practice trading. However, account funding is required to obtain demo credentials. Demo accounts are a great way to become familiar with the platform and to test trading strategies risk-free.

Deals & Promotions

Videforex offers several bonus and promotions:

  • Giveaways – Enter the relevant promo code and fund your trading account to be added to the prize draw. Prizes vary by deposit amount.
  • Trading contests – Videforex runs a weekly competition with a prize of up to $20,000 based on trading volumes. All trading accounts are automatically entered into the contest.
  • Referral programme – Traders can invite family and friends and will receive 20% of their deposit amount.

Regulation & Licensing

Videforex is not regulated by any financial authority. The company is licensed in the Marshall Islands, known for offshore trading and the absence of regulation. Traders who deposit funds with a broker with no regulation do so at their own risk. In the UK, financial service providers must be regulated with the Financial Conduct Authority (FCA). Client fund segregation, negative balance protection and compensation services are not guaranteed.

Additional Features

Our review of Videforex was disappointed to see limited additional resources for traders. A basic trading tutorial is published on the broker’s website, topics include how to trade CFDs and how to trade binary options. However, there is no economic calendar, live market news streams, or trading updates which are provided by most good brokers.

Account Types

Videforex offers 3 account options; Bronze, Silver, and Gold. All accounts feature 24/7 live video chat support, copy trading tools, and fast withdrawals. Silver and Gold accounts additionally benefit from the first three trades being risk-free, compensated by a trading bonus if negative trading results occur. Bonus opportunities increase based on initial deposits.

The accounts available to UK clients are:

  • Bronze – deposit between $250- $1000, +20% bonus opportunity
  • Silver – deposit between $1000-$3000, +50% bonus opportunity
  • Gold – deposit between $3000-$50,000, +100% bonus opportunity, access to a personal success manager

To open an account, UK clients must complete the online registration form. This involves providing identity documents and proof of residence. Traders should select GBP as the base currency when creating an account.

Benefits

  • Demo account
  • 24/7 live video chat
  • Weekend trading opportunity on cryptocurrency assets
  • Cryptocurrency deposits accepted
  • Bonus opportunities
  • Guaranteed 1 hour withdrawal processing time

Drawbacks

  • Unregulated, despite homepage claims
  • High minimum deposit requirements for new traders
  • Turnover requirements apply to withdrawals
  • Limited additional features, such as an economic calendar or live market news

Trading Hours

Videforex follows standard office hours and 24-hour trading hours Monday-Friday. Weekend trading is available on cryptocurrencies. Trading hours vary by instrument and can be found directly on the trading platform, displayed in GMT.

Contact Details

Videforex offers several customer support options for UK clients:

  • Online contact form
  • Live video chat 24/7
  • Callback request form
  • English speaking phone number- +1-829-9476393

The Videforex website also provides a FAQ section. Topics include account features, trading help and registration.

Safety & Security

Client portal access is password protected. Videforex assures 3D-secure and VISA-secure code payment authentication for all deposits. All data is SSL certified with 256-bit secure processing.

Should You Trade With Videforex?

Day trading opportunities with Videforex are limited. The broker’s website is very basic and traders can expect platform functionality to be too. The lack of regulation from any financial body is concerning, therefore traders deposit at their own risk. With that being said, there are some strong benefits associated with Videforex, such as weekend trading possibilities, guaranteed 1-hour withdrawal processing times; and cryptocurrency payment methods accepted, including Bitcoin.

FAQs

Is Videforex A Scam?

There’s no evidence that Videforex is a scam. However, the broker is not regulated by a reputable authority and therefore UK traders deposit at their own risk.

What Are Videforex Minimum Deposit Requirements?

The minimum deposit requirement to open a live account with Videforex is $250 or equivalent currency for the Bronze account.

Does Videforex Offer A Demo Account?

Yes, Videforex offers a demo account. Registration is required before demo account credentials are provided.

What Trading Platforms Does Videforex Offer?

Videforex offers retail clients trading opportunities via their proprietary web trader and mobile application platform. The platform is easy-to-use with simple navigation features.

What Account Types Does Videforex Offer?

Videforex offers 3 live account types; Bronze, Silver, and Gold. Minimum deposit requirements and bonus opportunities vary.

Compare Videforex with Other Brokers

These brokers are the most similar to Videforex:

  1. Raceoption - RaceOption is a binary options broker operating from the Marshall Islands. With over 1,500 clients, the broker aims to offer fast funding, low fees and a secure trading environment. Traders can access over 100 binary options and CFDs, plus copy trading and weekly prizes.
  2. World Forex - World Forex is an offshore broker registered in St Vincent and the Grenadines, offering commission-free trading with a $1 minimum deposit and 1:1000 leverage. Digital contracts are also available, offering beginners a straightforward way to speculate on popular financial markets.
  3. Binarycent - BinaryCent is an unregulated binary options broker that offers 24/7 trading on forex, cryptos and stocks with payouts up to 95%. Despite its lack of regulation, this broker takes client security seriously and stores client funds in European banks. The broker also offers CFDs with very high leverage up to 1:500.

Videforex Feature Comparison

Videforex Compared With Similar Brokers
Videforex Raceoption World Forex Binarycent
Rating 3.4 3.5 4 3
Markets Forex, Stocks, Commodities, Crypto Forex, Stocks, Commodities, Crypto Forex, Stocks, Commodities, Crypto Forex, Stocks, Commodities, Crypto
Minimum Deposit $250 $250 $1 $250
Minimum Trade $0.01 $0.01 0.01 Lots $0.01
Demo Account Yes Yes Yes Yes
Regulators - - SVGFSA VFSC
Bonus 20% to 200% Deposit Bonus 20% - 200% Deposit Bonus - 20% to 200% deposit bonus
Education No No No No
Platforms - - MT4, MT5 -
Leverage 1:500 1:500 1:1000 1:500
Visit
Review Videforex
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Raceoption
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World Forex
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Binarycent
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Trading Instruments Comparison

Comparison of Videforex Trading Instruments
Videforex Raceoption World Forex Binarycent
Binary Options Yes Yes Yes Yes
Ladder Options No Yes No No
Boundary Options No No No Yes
CFD Yes Yes Yes Yes
Forex Yes Yes Yes Yes
Stocks Yes Yes Yes Yes
Crypto Yes Yes Yes Yes
Commodities Yes Yes Yes Yes
Oil Yes Yes Yes Yes
Gold Yes Yes Yes Yes
Copper Yes No No No
Silver No Yes Yes Yes
Corn No No No No
Futures Yes Yes No No
Options No No No Yes
ETFs No No No No
Bonds No No No No
Warrants No No No No
Spreadbetting No No No No
Volatility Index No No No No

Videforex vs Other Brokers

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Launched in 2017, Videforex offers access to stock, index, crypto, forex and commodities markets via binary options and CFDs. The proprietary platform, mobile app and integrated copy trading are user-friendly and will suit new and casual traders, and the market analysis tools and trading contests provide good ways to improve your trading skills.