Videforex Review 2022
#53236 (In Topic #51651)
Videforex offers its own proprietary financial trading software and platform suitable for day traders of all levels of expertise. This article provides a comprehensive broker review, from accounts and fees to platforms and regulations. After considering the benefits and risks, we will conclude whether Videforex makes the top day trading brokers list.To get more news about osprey broker, you can visit wikifx.com official website.A Brief HistorySince its launch in 2017, the popularity of the CFD, forex, and binary options broker Videforex has grown. The company behind this brokerage, Involva Corp, is also in charge of BinaryMate. The firm is dedicated to protecting its traders’ funds and devoted to the safety of investors.Minimum Initial DepositVideforex requires an industry average deposit of $250 for new trading accounts. They also give up to a 100% deposit match bonus on any first deposit (check the T&Cs before using it). Whether you’re day trading forex, CFDs, or binary options, the bonus requirements are the same.Spreads & CommissionsWith Videforex, a spread is usually charged. The spread is dynamic for particular instruments. It will take liquidity and external markets for the underlying financial instrument into account.They are not necessarily the cheapest broker on the market and by no means the most expensive, meaning you can avoid the brokers whose fees are so low you pay the price in poor executions and the more expensive platforms that cut into your profits.Videforex offers leveraged trading. This effectively allows you to borrow money to strengthen your position. Importantly, it can significantly increase your profit potential. However, it also has the risk of magnifying losses.The company restrict all customers by default to a maximum multiplier of 1:500, in line with legislation. In addition, a customer’s loss is limited to their original investment amount, so the remaining amount of equity is protected.Videforex charges a commission for opening an unleveraged cryptocurrency CFD position. This could be anywhere from 1 to 2.5% of the transaction. Opt for leveraged CFD cryptocurrency positions, and the fee could climb to 5%.Other Trading FeesThe platform charges a swap fee of 0.07% of the face value of the position to hold a position overnight. There is no maintenance or registration charge when you sign up for an account. However, if you do not make at least one trade a month, you will be charged $10.Day trading on the platform is straightforward for both beginners and experienced investors. It has been specifically engineered to retain usability while offering a variety of sophisticated tools and resources many day traders require. For example, in-depth investing tutorials can walk newbies through the platform.The sleek system makes selecting your financial instrument a hassle-free process. You can get to your choice of currency pairs, commodities, and indices with just a few clicks. Plus, you have access to cryptocurrency pairings and fixed return options.A useful extra feature is social trading, also known as ‘copy trading.’ This allows you to learn from experienced and successful traders, enabling you to copy the trades of high-earning investors.
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