VideForex Trading Account – Review, Types, Process, Benefits, Charges & more
Last Updated Date: Aug 31, 2023Know everything about VideForex Trading Account here. VideForex is one of the best–established brokers in the forex market, working since 2016.
The company had its headquarters in 2016, and they are ideal for traders willing to trade in forex or CFD trading.
One of the most vital decisions traders can ever make is to choose a reputable trader.
No doubt there are a plethora of options available out there, but it is challenging to choose the right one.
But traders don’t need to stress at all as they can always select a VideForex online trading account as the broker offers a wide range of global trading brokerage, which allows traders to trade on the instruments they choose.
Vide Projects Ltd owns the brokerage. The brokerage serves traders from all over the globe.
VideForex Trading Account and Benefits
If traders choose a VideForex trading account, they can surely avail a plethora of perks and features. Traders can get one of a kind trading experience.
They can also choose from the various account types available and their functionalities. Depending on their objectives and budget, one can select an account.
Some of the basic parameters include minimum balance, charges, basic requirements, and others.
Different account types align with varying needs for traders, so they need to explore all the accounts before making any trading decision.
Irrespective of the trading options, VideForex is likely to offer advanced trading platforms, including Web, Android, and iPhone.
There are several perks here as traders can choose from a wide range of assets. Traders can trade 24*7.
Additionally, they don’t need to pay any additional trading fees.
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VideForex Trading Account Charges
| Trading Account Charges | |||
| Account Type | Bronze Account | Silver Account | Gold Account |
| Initial Deposit | $250 | $1000 | $3,000 |
| Spread | 1.4 pips | 0.0 pips | 0.0 pips |
| Commission | $0 | $3 | $2 |
| Leverage | 500:1 | its 500:1 | 500:1 |
There are various charges available which traders need to pay.
The charges are likely to vary from account to account.
They need to explore all the arrangements before choosing anyone.
Traders need to keep a check on the expenses as no one wants to spend more than earning returns.
They can incur losses if they fail to learn about the charges associated with the VideForex trading account.
Being aware of the charges will allow traders to learn about the trades which make positive returns and which don’t.
The first charge which traders need to pay is the commission which is different for all accounts.
Furthermore, traders need to pay $250 for all budgets. Besides, traders need to pay spreads, swap fees, etc. All these charges tend to vary from account to account.
Furthermore, traders also need to consider the trading medium, which can lead to some deduction.
The only reason why traders choose the VideForex trading account is that there is no maximum deposit amount.
Types of VideForex Trading Account
| Types of Trading Account | |
| Trading Desk Type | CFD |
| Min Deposit | $250 |
| Maximum Leverage | Upto 1:500 |
| Mini Account | No |
| Premium Account | Yes |
| DEMO ACCOUNT | Yes |
| Islamic Account | No |
| Segregated Account | Yes |
| Managed Account | No |
| Institutional Account | No |
| Suitable for beginners | Yes |
| Suitable for professionals | No |
| Suitable for scalping | Yes |
| Suitable for daily trading | No |
| Suitable for Weekly trading | No |
| Suitable for swing trading | No |
The broker makes it relatively easy for traders and also offers all the help they need.
The needs are pretty diverse for traders to align with them; the broker provides some separate accounts. The traders can explore all the arrangements.
The more traders invest, the more significant benefits will be availed to them.
Ideally, the Bronze account is ideal for beginners as there is no commission here.
The traders need to maintain a minimum account balance of $250, and the spread is around 1.4 pips.
The account also offers tremendous leverage around 500:1. Furthermore, traders can avail a bonus of at least 20%.
Under Silver, the account is ideal for professional traders.
They need to pay a minimum to maintain an account balance of around $1000. They don’t need to pay any spreads.
Additionally, they need to pay a minimum commission of about $3. Traders can also avail leverage of 500:1.
Lastly, the Gold account is perfect for experienced traders.
They need to keep a minimum account balance of around $3000.
There is no need to pay any spreads. Additionally, they need to pay a minimum commission of $2. Traders can get a leverage of 500:1.
VideForex Account Opening and Trading Process
Traders need to understand the trading process when it comes to the VideForex trading account.
The entire process starts after opening the trading account, and traders need to set their trading platforms.
Open trading account:
- The traders can avail themselves of both the demo or trading account as per their objectives.
- Traders need first to open a demo account, and then they will see a pop-up form appear.
- They need to fill and submit the form. Then, when the broker receives their application, they will connect.
- Traders need to complete the KYC process, which plays a crucial role.
- The broker will verify the account when their KYC documents will reach them.
- Once the verification process is complete, the traders will get their account in or login credentials through email. They can also get a letter on board.
VideForex Login Process:
- The traders can go through all the platforms that the broker offers and choose the best one.
- Traders can open the browser if they choose a Web-based platform. They can also download the app if they decide to trade while on the go.
Download and set up:
- Once the download process is complete, traders need to open their app or software.
- The first thing they need to do is login into the software by entering the login details.
- They can get trading access besides exploring the entire account.
- If traders are beginners, they can try the demo account and use various funding choices.
- They can also monitor the market besides their favorite tools.
- To place instant trade orders, traders can buy or sell orders.
Find Different Trading Account Types of Forex Brokers
VideForex Trading Account – Features
| Trading Features | |
| Educational Services | Yes |
| Social Trading / Copy Trading | Yes |
| Trading Signals | Yes |
| Email Alerts | Yes |
| Guaranteed Stop Loss | No |
| Guaranteed Limit Orders | No |
| Guaranteed Fills / Liquidity | No |
| OCO Orders | Yes |
| Trailing SP/TP | No |
| Automated Trading | Yes |
| API Trading | No |
| VPS Services | Yes |
| Trading From Chart | Yes |
| Interest On Margin | No |
| Offers Hedging | Yes |
| Offers Promotions | Yes |
| One-Click Trading | Yes |
| Expert Advisors | Yes |
| Other Trading Features | No |
The traders can learn a lot about the market through the educational services available for VideForex trading.
Traders can feel quite comfortable when it comes to investing because the broker offers a plethora of features.
They can avail social trading besides trading signals. The automated trading services also make trading easy.
One-click trading allows traders to trade with a click of a button. The traders can also read various charts. The assistance from the broker makes trading fun and easy for traders.
Check out Online Trading Services of FOREX Brokers
VideForex Trading Account – Conclusion
Ideally, the VideForex trading platform claims to offer novice traders an exceptional trading experience with a customized level of support.
It aims to boost the trader’s confidence and trading ability.
The trading platform is not only simple but also sophisticated.
The best part is that traders can choose the accounts as per their needs and budget type.
Additionally, traders can buy traders easily here as the login process is quite simple. All they need to do is pay some minimum charges and start trading.
They can earn leverage of 500:1.
If they are new to trading, they can deal with virtual money on the demo account. Once traders learn about trading, they can start trading with real money.
VideForex Online Trading – FAQs
Here is the list of FAQs related to the VideForex Online trading Account:
Does VideForex provide Online Trading?
Yes, VideForex offers an online trading opportunity to almost all its traders.
Additionally, traders can access a plethora of accounts to choose one that aligns with their personal needs feasibly.
All the reports have something unique to offer, so traders need to explore all of them.
What are the Commission Charges in VideForex?
The commission charges are likely to be waived for almost all the accounts.
But still, the traders need to check the commission charges while opening an account here.
The only exception here is the gold and silver account, where traders need to pay a commission of $2 or $3 per hour.
Does VideForex provide Demo account Trading?
Yes, VideForex offers a demo account trading for all the traders.
The traders can learn about the basics here and understand how the market tends to work.
They can also gain some trading confidence besides experience. Once traders feel they are market-ready, they can start trading with real money.
Is trading Free at VideForex?
The trading is accessible for traders who choose a Demo account.
But if traders trade on some specific account type with real money, they must pay some charges.
When it comes to costs, the traders need to maintain a minimum account balance, pay commission, or spreads per lot.
Ideally, these charges tend to vary from account to account so that traders can choose one as per their needs.
Does VideForex provide Spot Metals Trading?
Yes, VideForex offers spot metal trading features to the traders.
Traders can invest in various metals and oils besides currencies.
There are a plethora of investment assets available here.
Traders can choose any as per their objectives.
What are Spot Metals Trading Charges at VideForex?
The spot metals trading charges aren’t fixed at the trading platform.
The prices are mainly dependent on several factors, and it tends to range as per the order type the traders choose.
Does VideForex provide Stock Trading?
Yes, the forex broker offers stock trading to the traders besides other currencies and assets.
However, if traders wish to start stock trading, then they must visit the broker’s website to know more.
The reason behind this is that there are some terms and conditions that apply regarding the charges, so traders must be well aware of them.
What is Spread at VideForex?
The Spread at Videforex is likely to vary from account to account.
For example, there aren’t any spread charges available for traders that choose Silver or gold accounts.
On the flip side, if traders decide to trade on a Bronze account, they need to pay a spread of 1.4 pips.
Above all, traders need to know that spreads are floating from time to time, so they must consider the charges when availing of an account.
Is VideForex safe for trading?
Yes, VideForex is pretty safe for trading, and it goes without saying. It is mainly because a plethora of users across the globe relies on this platform.
The only reason why millions of users love the broker is that it offers several features besides perks.
The traders don’t need to stress while trading here as the platform is well regulated by authorities.
Does VideForex provide Trading Tips?
Yes, VideForex offers trading tips to traders.
These trading tips make trading relatively easy.
Besides the trading tips, traders can also avail educational services where they can learn about the basics of trading.
The trading tips help traders improve their trading experience. Hence traders need to understand the directions before making any decision.
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