VideForex Review

With its three different account types, VideForex offers a variety of excellent promotional offers to attract new traders to its services. It also offers a high quality user interface with cutting edge software and their customer support is second to none. They also offer a great range of over 100 different assets which is plenty of variety for even the most hard to please investor.

Intro

VideForex offers an interesting new concept in binary options brokerage with its exciting video support format that brings something unique to the market. This recently launched broker offers plenty of assets across all four main classes and has a well designed, user-friendly interface that is intuitive enough to be used by traders at all levels. This broker even offers copy trading which is ideal for those who are new to binary options investment.

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Company Information

VideForex is very new to the market having only been established in 2017. It is owned and operated by Vide Projects Ltd, a company which is based in the Seychelles. Their entire site is well protected by the latest SSL encryption software, so all personal information is safe and secure and all financial transactions are also protected from cybercrime and hacking. Unfortunately, no traders from the USA are accepted by this broker.

Assets Available

VideForex offers around 100 assets to trade from across the four main categories of stocks, currencies, indices and commodities.

Bonuses & VIP Programs

VideForex offers bonuses for newly registered clients, however these will vary depending on the level of account which the trader opens. The deposit match bonus which is awarded on registration can be as much as 100% Not only are there welcome bonuses on offer, VideForex also offers several other promotional deals like risk free trades to newly registered customers and a weekly contest which is free to enter and which offers a prize fund of $20,000.

Mobile

As expected from most of today’s binary options brokers, VideForex has recognised the need for clients to check their assets and to carry out their trades while they are on the go. They are aware that traders do not want to be tied to their laptop or PC and, with the knowledge that downloading and installing memory intensive software slows down transactions by causing problems with computer memory, VideForex have therefore developed a web trading interface which is entirely internet based. This enables trade executions to be carried out more swiftly from anywhere worldwide and at any hour of the night or day using a tablet, iPad or Android smartphone as long as it has a functional internet connection. Although VideForex have not yet developed a mobile app for either iPhone or Android devices, their site is very new and there will hopefully be one introduced very soon.

Deposits and Withdrawals

VideForex offers no shortage of payment options which will appeal to both those who prefer traditional options and those who like to use modern online methods. It is important to note, however, that the range of methods on offer will vary depending on which country individual traders come from. The options include:

• Credit Card and Debit cards – Visa, MasterCard, Visa Debit
• Bitcoin
• Altcoins
• Ethereum
• Neteller
• Skrill
• Perfect Money

VideForex is one of the few brokers which ensure that withdrawals are processed in a very short time, and all clients can expect their withdrawals to be received within an hour. This is regardless of which account type traders have, which is excellent, since many of this broker’s rivals only offer this type of service to higher level traders. The minimum deposit amount is $250 and while this broker does not charge for transfers, some third party providers may.

Customer Support

There are several methods through which clients can contact the VideForex customer support centre. These include:

• Telephone helpline – there are 2 numbers available
• Live Chat
• FAQs page for fast responses to the most common questions

The customer support team are available 7 days per week, 24 hours a day for the clients’ benefit and their live chat service is innovative as it is carried out over a live video. This is an especially advanced and useful service that is sure to be appreciated by clients.

Extra Features and Resources

While VideForex have the innovative video link customer support service, they lack anything else in the way of additional resources or extra features. At the present time, there are no educational resources except a frequently asked questions page and there are no other facilities or functions such as up to date market news or other tools, although copy trading is available for all investors.

Verdict

Overall, VideForex has quite a lot to offer its potential clients, however it is also important to bear in mind that there are several negative points too.

Pros

• Cutting edge trading software that is very user friendly and is suitable for use by both experienced and novice traders
• 100% online web trading interface requiring no installations or downloads
• Choice of customer service contact methods including instant live chat
• Innovative live streamed video support
• 24/7 customer service access
• Licensed, authorised and regulated broker
• Strong SSL encryption site wide
• Good choice of payment and withdrawal methods
• Very fast 1 hour withdrawals system
• Free demo accounts
• Good choice of over 100 assets
• A choice of account types
• Some excellent bonuses and promotional offers to new and existing clients
• Multilingual support

Cons

• There are no educational resources for new traders
• There are no additional resources such as market news or advanced features
• USA traders are not accepted by this broker

FAQ

Is there a registration fee payable to this broker?

Clients do not need to pay any registration fee when they open a live trading account with this broker.

What Types Of Accounts Are There?

There are three types of accounts available from this broker to suit the needs of clients at all levels of experience.

Bronze – The bronze level account offers the following benefits: 24/7 video chat, 1 hour withdrawals, free demo accounts, copy trading tool. The minimum deposit amount to open this type of account is $250 and you can receive a bonus of 20% deposit match bonus on opening the account.

Silver – the silver level account offers all the benefits of the bronze account together with an online masterclass and the services of a personal success manager. The minimum deposit amount to open this type of account is $1000.

Gold – the gold level account offers all of the benefits of the silver account. The minimum deposit amount to open this type of account is $3,000 and you can receive a bonus of 100% deposit match bonus on opening the account.

Will I need to install any software to my computer?

VideForex offers a fast web based platform which is very user friendly and well designed with an easy to use layout. It can be used at any time and in any place from any kind of internet enabled device as long as it has an active broadband or mobile internet connection.  There is therefore no need to download any software to your PC or laptop in order to access the user platform.

Does VideForex offer a demo account?

VideForex gives its potential clients the option to open a free of charge demonstration account which is ideal for both brand new traders and those who are more experienced but who are looking for a no risks trading experience to practice and hone their skills in the financial market. New traders can learn the basics of trading in a risk free environment whilst more experienced traders are able to try out new techniques and strategies without risking their own money. A demo account also enables potential traders to try out the features of the site and to see how much they like the trading interface before opening a live account and making a financial commitment.

Why Choose VideForex As Your Binary Options Broker?

VideForex offers several advantages to its potential clients including:

• Guaranteed 1 hour withdrawal processing for clients at all levels
• Non stop trading even over the weekend
• Wide range of withdrawal and deposit methods available
• 100% secure trading
• 24/7 customer support
• Over 10,000 transactions processed each day

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