Score
Marshall Islands
|
5-10 years
| https://www.videforex.com/
Website
Rating Index
Influence
C
Influence index NO.1
Dominica 3.54
LicensesNo valid regulatory information, please be aware of the risk!
Marshall Islands
WikiResearch
United States videforex.com United States United States
VIP is not activated.
| VIDEFOREX Review Summary | |
| Founded | 2017 |
| Registered Country/Region | Marshall Islands |
| Regulation | Unregulated |
| Market Instruments | CFDs, Cryptos |
| Demo Account | ✅ |
| Leverage | / |
| Spread | / |
| Trading Platform | Web and Phone trading platforms |
| Minimum Deposit | $0 |
| Customer Support | Contact form |
| Phone: +18499370843 | |
| Regional Restriction | The United States |
VIDEFOREX is an unregulated forex broker based in the Marshall Islands and has been founded in 2017. The platform features a proprietary web, Android, and iPhone trading platform and accepts a variety of payment methods, including Visa, MasterCard, Bitcoin, Altcoins, and Ethereum.
| Pros | Cons |
| Demo accounts available | No regulation |
| No minimum deposit requirement | Transfer fees for some payment methods |
| Various payment methods | Limited customer support |
| No MT4/MT5 |
VIDEFOREX has no valid regulations. There is no guarantee that the platform adheres to proper security protocols to safeguard user funds.
VIDEFOREX offers CFDs and Cryptostrading.
| Tradable Instruments | Supported |
| CFDs | ✔ |
| Cryptocurrencies | ✔ |
| Bonds | ❌ |
| Options | ❌ |
| ETFs | ❌ |
| Mutual Funds | ❌ |
VIDEFOREX offers live and demo accounts for their traders without the minimum deposit requirement. To receive demo account access, you need to fund your trading account and contact customer support to get demo account credentials.
VIDEFOREX offers web and mobile platforms. The platform is available in three versions: Web, Android and iPhone. The app can be download through Google Play.
| Trading Platform | Supported | Available Devices | Suitable for |
| Web | ✔ | Web | / |
| APP | ✔ | Android and iPhone | / |
| MT5 | ❌ | / | Experienced traders |
For deposit and withdrawal, VIDFOREX accepts VISA, Mastercard, Bitcoin, Altcoins, and Ethereum. VISA and Mastercard incurs a 5% transfer fee. The minimal amount allowed for withdrawal is $50.
Deposit Options
| Deposit Options | Minimum Deposit | Deposit Fees | Deposit Processing Time |
| VISA/Mastercard | $0 | 5% | Instant |
| Mastercard | ❌ | ||
| Altcoins | |||
| Ethereum |
Withdrawal Options
| Withdrawal Options | Minimum Withdrawal | Withdrawal Fees | Withdrawal Processing Time |
| VISA/Mastercard | $50 | 5% | Up to 1 hour |
| Mastercard | ❌ | ||
| Altcoins | |||
| Ethereum |
While the forex market is becoming more regulated, deceptive brokers have also started finding new ways to scam investors.
Videforex is a Marshall Islands-based offshore broker. Founded in 2017, the firm claims to be the brand name of INVOLVA CORP, with Marshal Islands Registry restrictions.
Can you withdraw money from VIDEFOREX? Is VIDEFOREX legal in your country? WikiFX made a comprehension review on this broker to help you better understand the truth, we will analyze the reliability of this broker from specific information, regulation, exposure, etc. And you should never miss it.
There is no hard evidence that this broker is a con artist. However, their approaches are dubious, they are unregulated, and the whole thing feels gimmicky. The live cam support is the broker's biggest "feature": the first thing I noticed was a young woman running her fingers over her hair. Live!
Videforex is a brokerage firm that specializes in Forex and CFD trading. They claim to have more than 100 tradable assets. It is an Involva Corp offshore business that follows Marshall Islands legislation. They provide three different trading accounts (Bronze, Silver, and Gold) with a $250 minimum deposit and a maximum withdrawal processing time of one hour. Furthermore, all traders have a maximum leverage of 1:100, and you can trade through their web trading platform as well as their mobile apps for Android and iOS.
Yes, VIDEFOREX broker offers both CFDs and cryptocurrencies. I’m particularly interested in crypto trading, so this is a nice feature. However, the lack of regulation is something I’d keep in mind, especially when trading high-risk assets like cryptocurrencies.
VIDEFOREX review doesn’t specify leverage options, so I’d recommend contacting customer support directly if this is something that’s important to you. Since it doesn’t offer platforms like MT4 or MT5, I’m guessing leverage options might be more limited.
VIDEFOREX trading is fairly quick when it comes to withdrawals via Visa or MasterCard—it typically takes about an hour. That’s a lot faster than some other brokers I’ve used, which can take days to process withdrawals. However, it’s important to remember the 5% fee, which could add up if I’m making regular withdrawals.
For me, the legitimacy of a broker comes down to whether it’s regulated and offers reliable protection for my funds. Since VIDEFOREX isn’t regulated, I don’t feel fully confident in its legitimacy. VIDEFOREX review from other traders mentions this issue as well, and it’s something I’d consider before making any trades. It’s easy to get started with no minimum deposit, but I still wouldn’t trade with them unless they had regulatory oversight.
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FX4073995364
Colombia
They don't pay!!! Just apologies and messages from supposed account managers... and compliance officers... but no actual deposits!!... that broker is a fraud... three months and they haven't paid $300... but the money sure reaches them in seconds!!..
Exposure
FX1417183320
Colombia
They have a poster behind all this. They steal the deposits and then they say that it was operating by yourself. They come out with crooked cables. They are a disaster, as well as how my 3000k withdrawal has also been lost
Exposure
FX3980926075
Mexico
$159 investment and $500 profit, but they are not letting me withdraw my money. This company is a fraud. I hear favor and I demand all respect first, and second that the justice falls on them, You can see the board where both the operations like tracking everything
Exposure
UjwalDeshpande
India
Let me share my experience using the mobile app during a power outage. A big storm hit, and electricity was out for hours. Normally, I'd be stressed about missing trading opportunities, but I managed everything from my phone. The app’s low data usage was a lifesaver with my spotty cellular connection, and I even closed a profitable position during this time. It drove home the importance of a reliable mobile platform in today’s unpredictable world.
Positive
StevePhillips
United States
A major benefit of this platform is the one-hour guaranteed withdrawal processing. The speed of access to funds has been a game-changer for me, allowing me to quickly reinvest in higher-return opportunities. This fast and efficient service has made me more agile and responsive in my trading, giving me better control over my capital.
Positive
ChristopherJohnson
Poland
I never thought I'd say this, but Videforex's customer support actually made me laugh the other day. I was struggling with a particularly tricky withdrawal issue, feeling pretty frustrated. The support agent not only solved my problem quickly but also cracked a few jokes that lightened the mood. It's refreshing to interact with real people who don't sound like robots reading from a script. Sure, the platform might not have MT4, but with support like this, I hardly miss it.
Positive
RodneyMatthews
United States
In my using the Videforex software, there are several features that I have come to appreciate so much. The 24/7 live video chat support has been a real life-saver more than once when I required instant answers even at late hours. I also appreciate the fact that I am able to view my full trade history – this is useful for performing long-term evaluations. The main con that I found has been on the interface. As much as it is not the most user-friendly that I have come across, it sort of poses a challenge to persons who are new in trading.
Positive
DerekGreen
United States
There are no platform usage fees, ensuring higher profits retention. Unlike brokers with monthly subscriptions, their web and mobile apps are free, offering essential features without hidden costs. This flexibility allows for larger positions and better returns. Though the app interface might initially require adaptation, enhancing navigation could enhance user experience. Overall, saving on fees significantly boosts profit margins.
Positive
ClaytonWells
United States
Provides ultra-responsive real-time price feeds for seamless trading execution. It ensures consistent price movement even during unexpected events, ideal for busy traders. However, expanding advanced charting options could enhance the trading experience further.
Positive
RaymondGutierrez
United States
Offers seamless fund management via its web and mobile apps, allowing direct deposits and withdrawals. Accessing full account features without a separate payments portal streamlines account management. Depositing funds within the Videforex app takes under 4 minutes, enabling quicker trading. Recently, I swiftly funded new positions via the mobile app, highlighting its user-friendly interface. Integrated funding enhances accessibility for mobile traders like myself, contributing to overall satisfaction with Videforex.
Positive
DavidGomez
United States
The one-hour withdrawal process and 24/7 video chat support are standout features that enhance the trading experience, providing speed and support that are especially valuable in a free app, despite its initial learning curve.
Positive
ArthurLee
United States
The quick withdrawal feature is a highlight, allowing for agile trading. However, the app's design and lack of MetaTrader support could be improved to enhance user experience.
Neutral
Theodore Hammond
United States
While the app provides critical real-time market data, its lack of MetaTrader integration and somewhat clunky interface are areas for improvement, though they do not detract from its overall utility.
Positive
Jeremy Townsend
United States
As someone who despises waiting for withdrawals to hit my account, this trading app's 1-hour processing time after settling trades is an absolute godsend. Combined with real-time pricing, this broker allows me to be incredibly agile and reactive with my strategies. However, the app's interface does leave something to be desired from a user experience standpoint. The design isn't particularly sleek or modern compared to other platforms. And not having MetaTrader integration is a missed opportunity.
Positive
Carl558
United States
Knowing I have access to 24/7 live support just a tap away gives me huge peace of mind when trading on-the-go using this broker. Any time I've got questions or run into a hick-up, the assistance is right there. Just last month for example, I was trying to make a withdrawal while traveling for work and hit a small snag. A quick request through the in-app video chat later, and a friendly support rep had me sorted out within minutes. Whether it's user-error on my part or an issue with app functionality, it's incredibly reassuring to have expert help readily available at all hours.
Positive
Marshall Wood
United States
What initially attracted me to Videforex was their comprehensive all-in-one platform experience, neatly consolidating research tools, account details, order capabilities and more into a unified dashboard accessible across web and mobile apps. No more juggling multiple programs - their interface provides continuity for every trading need, from charts to trade tickets to balances. While a bit dated aesthetically, the depth of functionality can't be beaten, especially considering there are no monthly fees for their full suite of pro-grade offerings. Stellar value.
Positive
Donald Long
United States
Tax season used to be such a headache when I had to manually reconstruct an entire year's worth of trading activity by compiling entries and exits from different programs. But with Videforex, I can simply access detailed reports covering my full historical trade data with comprehensive P&L, timestamps, durations and plenty of performance metrics - all neatly compiled. This has saved me hours of work while also ensuring full accuracy for properly reporting my income. Just a few clicks and I have a seamless data log for efficient year-end accounting. While not the sexiest feature, their built-in archive is a massive quality-of-life upgrade.
Positive
Shannon 7617
United States
As an experienced trader who has navigated through various platforms, I've found that Videforex sets itself apart with its exceptional 24/7 live video chat support. This feature has been like a lifeline, providing me with a sense of security that expert help is always just a click away, no matter the time of day. It feels akin to having a personal trading assistant available at any moment. The platform's mobile application solidifies its standing in my daily trading activities, offering robust functionality that allows me seamless access to my account and portfolio, even when I'm on the move.
Positive
Philip
United States
Videforex continues to impress me with their round-the-clock video chat support. It's like having a trading advisor available at any hour. Their real-time price feeds have been a game-changer for my day trading—no delays, just instant data for instant decisions. Withdrawing my profits is a breeze too, thanks to their one-hour guarantee. Plus, the app's direct deposit and withdrawal feature is a time-saver. It's free, which is great for keeping costs down. My only gripe? I wish they offered MetaTrader integration. It's a minor setback, but one I've adapted to.
Positive
Larry9715
United States
Videforex has established itself as a pillar of support for traders with its 24/7 live video chat. This feature alone has transformed my trading experience, providing immediate access to assistance whenever I need it. The rapid one-hour withdrawal processing is a benchmark for the industry, showcasing their dedication to user satisfaction. The accuracy of the real-time price feeds ensures that I’m always trading with the most recent market information. The app’s streamlined process for deposits and withdrawals has made managing my finances incredibly efficient. Being able to view my full trade history within the app has been a critical factor in refining my trading approach.
Positive
Thomas6617
United States
It’s thrilling to know that I can access my trading history from the app. Now, I’m able to monitor my growth as I learn and easily spot trading mistakes that I have made to avoid them. I’ve never really been a desktop person, and my former trading platform didn’t have an app where I could see my history. For me, Videforex is a good option for beginners, but there might be a learning curve at first.
Positive
FX1233162836
Colombia
I opened an account with VIDEFOREX in September 2022 and I have been trading since then. During this time, I found them reliable. VIDEFOREX never disappoints me. I will continue working with them for sure.
Positive