VideForex is a peculiar sort of Forex and CFD broker that claims to provide its customers with the most advanced platform for Binary Options and CFD trading with live video chat. As the their domain title suggests, VideForex.com takes a friendly marketing approach towards attracting prospective Forex investors by placing a life video chat right in their homepage. Whether or not there is any truth to their claims are just a few of the key points we will disclose to you this in-depth review.

VideForex is owned by Vide Projects LTD located at: 306 Premier Building, Albert Street, Victoria, Mahe, Seychelles, and operate on behalf of Finance Group Corp. which is located at, 2nd Floor, Transpacific Haus, Lini Highway, Vanuatu.

Contact phone numbers are: USA: 849 937 0843 and Australia: +61 8 5550 7288, and their email address is [email protected]. Official broker website is: www.VideForex.com. During our review, we could not find a valid license from VideForex.

VideForex Review

The trading software that investors will see at VideForex is the Bespoke platform. This is a new trading platform made for investors who are new to forex and CFD trading because it is very easy to navigate. The platform harbors about 100 assets including cryptocurrencies and Forex pairs. The minimum deposit you can make in this platform is $250 and it is all available for trading. The minimum binary options trade is $1 and payout is up to 85%.

VideForex accept deposit from all countries via Visa, Bitcoin, Ethereum, Netteller, Skrill, Perfect Money and other Altcoins. The conditions for funding are the same for all the deposit method except that Neteller and Skrill are not available for some countries including Germany, United Kingdom, Belgium, France, Spain, China, Hong Kong, Israel, Macao, Singapore, United Arab Emirates, Canada, Turkey, USA and Japan.

VideForex do not charge any transfer fee but any fee you accrued during deposit could be from your preferred payment method.

Compare Account Type

VideForex gives investors, who wish to Forex and cryptocurrency, an ability to trade contracts for difference without actually owing the instruments as it is in traditional Forex trading. CFD trading frees the investor from so much risk as you are not putting up the full value of the shares you are trading. Potential investors are able to choose between 3 different account types Bronze, Silver and Gold. Each account comes with a demo facility, 1 hour withdrawal time and a copy trading facility.

Bronze account features

VideForex Contests

VideForex claim to offer a weekly trading contest, there are 20 winners, based on the success of their trades. The prices are awarded in the form of cash, bonus and iphones. While we have no way to discredit this absurd claim, it still fails to show us the amount of profits made by this winners. What they are showing us weekly is the total trades made and not profits. Real investors are interested in profits and that’s what VideForex should represent.

Our best advise for you

VideForex has failed to prove their operation as one that is transparent or trustworthy. Operating essentially as an offshore platform while offering prizes and bonus that don’t dwell within the vicinity of being plausible are common traits found amongst Forex Trading Scams.

Moreover, the accept customers from all part of the world, yet during our review, we could not see a valid license from any local government. Real investors are interested in looking for a Forex broker that is licensed by FCA United Kingdom, ASIC Australia, BaFin Germany or CySEC in Europe.

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