VIDEFOREX Review - Is This Broker Good for Beginners? - WikiFX
Abstract：VIDEFOREX is an unregulated forex broker, offering trading in its proprietary web, Android, and iPhone trading platforms.
| 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 and Cons
| 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 |
Is VIDEFOREX Legit?
VIDEFOREX has no valid regulations. There is no guarantee that the platform adheres to proper security protocols to safeguard user funds.
What Can I Trade on VIDEFOREX?
VIDEFOREX offers CFDs and Cryptostrading.
| Tradable Instruments | Supported |
| CFDs | ✔ |
| Cryptocurrencies | ✔ |
| Bonds | ❌ |
| Options | ❌ |
| ETFs | ❌ |
| Mutual Funds | ❌ |
Account Type
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.
Trading Platform
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 |
Deposit and Withdrawal
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 |
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