Videforex, a brokerage firm located in Seychelles, was founded by Vide Projects Ltd back in 2017. With just three years of background in providing financial solutions, it can be concluded that this broker is relatively young. But while it is still new in the industry, it immediately became one of the most sought-after brokers in terms of Contract for Difference and Binary Options. Videforex’s popularity could partly be attributed to its corporate structure as it functions as a subsidiary of a larger company called Financial Group Corp located in Vanuatu.
Videforex appears as a promising broker despite its market-maker structure. The only thing that may come unfavorable is the absence of a financial authority to oversee its operations. Even though Seychelles has its own regulatory body responsible for commercial-related ventures, Videforex still has not made any action to file for license and regulations. Regardless, it still has tight market traction and is recognized as one of the leading financial service providers in an international scale.
Videforex Account Selection
There are three types of account that this broker offers, and the minimum deposit depends according to what account will be opened. Clients may select from the Bronze, Silver, and Gold accounts that may be used to trade Contract for Difference, Binary Options, and Foreign Exchange. Each account’s specifications are discussed below.
Bronze Account- Users are required to deposit a minimum of $250 to avail 24/7 live chat, a convertible demo account, and a copy trading instrument. In addition to this, one hour withdrawal is guaranteed together with free master class, three risk-free trades, and a bonus of up to 20%.
Silver Account-This account requires a minimum deposit of $1,000. For such amount, users will be provided with an individual account manager, a premium web session. Similar to the aforementioned account, this also offers 24/7 live chat, 1-hour withdrawal, a copy trading instrument, and three risk-free trades. The only thing different is the bonus worth 50%.
Gold Account- Clients need a minimum of $3000 deposit to enjoy the Gold account’s features. However, almost all of its features are similar to what is offered in the Silver account, only that it offers up to 100% bonus and a Swiss prepaid card.
For those who take interest in opening a Videforex account, registration would not come daunting. Clients from across the world may deposit using Bank wires, credit cards, Bitcoin, Ethereum, Litecoin, Altcoins, Neteller, Skrill, and Perfect money. With this wide selection for funding, users can work conveniently, and comfortably knowing that their funds are accessible.
Videforex has developed its own proprietary trading platform. But it was not given a brand name and is just called a Web-based trading portal. The system is impressively flexible as it can be used in different operating systems including iOS, Android, and Windows. In terms of design, it has a light and smooth feel that made it more optimal than the MetaTrader. It remains comprehensive by providing a set of buttons that appeal to visuals. On top of that, it serves its purpose by providing a highly customizable interface for ease of use.
Regulation and License
While Videforex complies with financial regulation standards, its framework reaches beyond Seychelles. This makes every transaction devoid of any legal consequences from the country’s governing financial regulations. Other than the license it acquired from the Finance Group Corp, it does not have any legally binding document to support its legitimacy.
The common dilemma that brokerage firms face is bad publicity due to prevalent fraudulent activities within the financial industry. As this is the case one needs to conduct intensive background check about brokers’ reliability and credibility.
One of the most impressive points that Videforex takes pride in is its real-time customer support. Its live chat feature can be accessed on its official website. Its real-time assistance is available to a wide range of countries, and the agents are responsive enough to provide resolutions to different trade-related queries. It also has a specific hotline for clients who reside in USA and Australia, countries where most of Videforex’s customers are living in.
- USA– 849 937 0843
- Australia- 61 8 5550 7288
If you happen to be someone who is in search of an optimum interface, generous trading conditions, and responsive customer support, then you might want to consider opening an account with Videforex. Its tad experience as a broker can be dismissed easily since it compensates by providing a bespoke trading platform capable of increasing one’s margin of profitability. More so, its services are proven and tested even without the presence of a regulatory body.