VideForex Demo Account – Opening Process, Charges, Features, Benefits & moreLast Updated Date: Apr 28, 2022
Get to know about VideForex Demo Account or Virtual Trading Platform here.
Ideally, Videforex is a new forex company that offers both CFD and forex trading besides binary and other trading options.
The broker is a subsidiary of Financial Group Corp (FGC), which is likely to own the right to the brand. But it operates as a separate legal entity.
The VideForex traders can trade on various assets like binary options, CFDs, stocks, and other cryptocurrencies. The broker also offers some deposits.
But before starting to deal with the real money, the traders can learn about trading with the VideForex virtual trading platform.
The demo account is mainly vital for traders who are beginning to change. The main aim is to make them familiar with forex trading in general.
The new traders especially choose the VideForex demo account so that they can check their trading strategies without incurring any losses as such.
It is pretty challenging to know about the forex market and trade with it.
A demo account allows traders to get hold of the various features of the trading platform.
VideForex Demo Account
VideForex is likely to pay close attention to their rivals, and a demo account is expected to offer verified account holders to make some deposit.
Both under the CFD market and forex market, a demo account is available for traders. The traders don’t need to make any deposit to avail this account.
Traders can make the most of their trading skills or understand where they lack.
VideForex demo account gives traders a complete trading experience regarding forex trading, and it is also known as the training part.
When it comes to charges of the demo account, it is pretty accessible. If one wishes to have a demo account, they can avail of it by paying no charges.
But the charges are likely to change on the basis of the accounts they choose. A demo account is one of the best options for traders that prefer risk-free trading.
The broker offers at least three accounts.
Open Demo Account Now! – Zero Commission on Trades
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VideForex Demo Account Features
If traders explore, VideForex demo account, they can access a plethora of activities. There are several items that traders can do following the demo account.
Some of the features available to the traders include:
- The broker offers a replica of the VideForex virtual trading account, and it means that one can forex or transact in the market. They can also monitor their progress.
- The broker also allows traders to invest in the forex market without any minimum account balance. However, it is a must for all trading accounts.
- Traders can also access a plethora of investment options through this account, and they can also place orders in several tools.
- The best part is that traders can access all types of trading platforms. They can also use options from these platforms.
- The traders don’t need to stress at all as the VideForex demo account is quite reliable and gives them all options so they can learn from the account.
VideForex Demo Account Charges
|Demo Account Details|
Here, the traders can learn about the charges applicable in general.
But one thing traders must know is that there aren’t any charges applicable for the VideoForex virtual trading, come what may.
If traders choose a demo account, there aren’t any charges they need to pay.
All traders need to do is enjoy the VideForex demo account experience for free.
But if traders choose the live trading account, they need to spend some charges.
These charges are likely to include commission, spread, minimum account balance, and others.
The traders need to initially deposit the minimum account balance and also maintain it consistently.
The traders also need to choose some medium of funding when they choose to transfer funds.
The broker will decide the amount of the fee when traders choose the amount.
How to open VideForex Demo Account?
Well, traders can easily open a demo account. All they need to do is fall some basic steps on the VideForex virtual trading.
- The traders need to head to the official page of the broker and select the demo account option. Once they do so, they will see a popup form.
- The traders need to fill this form and submit it to the broker in a given timeframe.
- The broker will connect with the traders once they submit the details.
- Additionally, traders need to provide some identity details, including residence proof.
- They need to ensure that they submit valid identity proofs.
- Once the trader submits the documents, the broker will verify and cross-check their account.
- The traders can get their login process when their account goes live or gets validation.
- Lastly, traders can use these login credentials to start trading at their convenience.
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Advantages of VideForex Virtual Trading Platform
The broker offers a facility to the traders where potential clients can access the services available.
Firstly they need to register themselves by opening a VideForex account to get access to the VideForex demo trading platform.
Additionally, traders need to know that they can get access only when they deposit some minimum amount.
The only reason traders choose a demo account is to develop their strategy besides getting familiar with the ongoing market conditions.
All they need to do is use virtual money. Once the traders are confident, they can start trading with real money.
- Through the demo account, the traders can keep almost everything in check. They can also get virtually all the features of the live trading account.
- Also, traders can get a chance to learn a lot about the forex market before they start live trading. The best part is that traders don’t need to stress about featuring losses.
- Additionally, traders can put their trading strategies to work through the demo account. One can check if their trading strategy is working perfectly or they need to change.
- The traders can also get access to virtual trading platforms.
- They can also learn about the various indicators and charts available.
- The best of all is that traders can trade in a risk-free environment without incurring any losses.
VideForex Demo Account – Conclusion
The broker mainly specializes in forex and binary options, but they offer a plethora of other products like stocks. The broker also provides an attractive bonus package.
The best part about trading here is that traders can avail the best customer service.
They can help themselves with a demo account, too, where they can learn about the workings of the market. The traders can expect the best of the services here.
Once traders get the hang of trading on the VideForex demo trading platform, they can also trade with real money. Traders must explore all accounts before making any decision.
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VideForex Virtual Trading Account – FAQs
Here is the list of the FAQs related to the VideForex demo account:
Does VideForex provide Demo a/c?
Yes, VideForex tends to offer a demo account to make trading easy, especially for the new traders.
Additionally, the professional can also get the account and see how their strategies work.
Ideally, a demo account is everything about the live performance, which traders can avail of without paying any charge.
How to Set up a VideForex Demo Account?
It is pretty easy to set up the VideForex demo account.
The traders need to follow some simple steps available. Firstly traders need to head to the official web portal and click on the demo account option.
Then, they need to fill the form and submit it with all the mandatory details.
The traders also need to follow the KYC process.
Once they complete the KYC process, the traders can avail of login credentials.
Is VideForex Virtual Trading Account Free?
Yes, the demo account is available for free of cost for all traders, and almost all the aspects are free. Traders can use a demo account similar to a live account with practically no charges.
The traders can learn how to trade without paying any bills. The account is ideal for new traders.
What are the fees of the VideForex Demo Account?
Ideally, there aren’t any trading account charges for the VideForex demo account.
All features are free, which means traders can feel the live trading account with almost no costs.
However, when it comes to living trading charges, the traders need to pay some basic charges, including commission, minimum account balance, spread charges, etc.
Is AMC levied on the VideForex Virtual Trading Platform?
No, there isn’t any AMC applicable on the VideForex trading platform as it is a demo account.
Traders can get all services of a live trading account for free of cost on the demo account. But if traders choose a live trading account, they need to pay the AMC charges.
Is VideForex Virtual Account the best?
Yes, without any second thoughts VideForex virtual account is the best of all charges for a demo account.
The only reason traders choose this account is that they can avail a plethora of features and services for almost no cost.
In addition, they can learn how the market works, and once they understand it, they can trade with real money.
What Documents are required for VideForex Demo Account?
The traders can learn about the specific documents required for verification when they open an account with the broker.
On the flip side, the traders need some primary documents, including identity and residence proof. In addition, the traders need to ensure that the identity proofs are government-oriented.
Is PAN required for Opening a VideForex Trading Game?
Yes, traders need to give a Pan card while they open an account with the broker.
It is mainly because the broker tends to ask for identity or residence proof.
Hence, the traders need to ensure that they have a PAN card handy when it comes to the KYC process.
Does VideForex Charge a Demo Account Opening Fee?
No, VideForex doesn’t have any account opening fees, especially for the demo account.
So to quote simply, when traders choose a demo account, they don’t need to pay any fees for anything.
But when it comes to living accounts, traders need to explore all accounts before choosing one.
How much Virtual Money do you get from a VideForex Demo Account?
The broker offers an option to trade using the amount of money they are likely to have in a real account.
People can also use the amount of money in their demo account in proportion to a real account.
Open Demo Account Now! – Zero Commission on Trades
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