Videforex Review

Videforex is an online trading platform where you can invest in various financial assets such as currencies, stocks, and commodities. Some people claim it’s legitimate, while others worry it might be a scam. In this review, we’ll examine Videforex’s licenses and regulations from trustworthy financial authorities to help you decide whether to proceed with this broker or not.

🏢 Headquarters	Marshall Islands
🗺️ Company Name	Involva Corp
🗺️ Foundation Year	2016
🗺️ Company Address	Trust Company Complex, Ajeltake Road, Ajeltake Island, Majuro, Marshall Islands MH9696
🗺️ Website	https://www.videforex.com/
🗺️ Contact	+1 829-9476393
💻 Regulatory Status:	No Regulation
🗺️ Type of License	No license
💰 Should I trade with it	No (We don’t recommend)
⭐ Scope of Business	Suspicious

What is Videforex?

Videforex started in 2016. It lets you trade stocks, indexes, cryptocurrencies, forex, and commodities through binary options and CFDs. They have an easy-to-use platform and mobile app. Also, they offer copy trading for beginners and casual traders. Plus, they have tools for analyzing the market and contests for improving your trading abilities.

Is Videforex legit or a scam？

There’s no proof that Videforex is a scam. But it’s not regulated by any financial authorities, which we think is a warning sign when picking a reliable broker. When a broker isn’t regulated, it means they don’t have a license from any financial regulatory authority.

The website suspiciously offers big bonuses for signing up and claims you can make 95% profit in just 60 seconds. This lack of regulation can be risky for clients, as there’s no oversight or protection to make sure the broker is fair and honest.

So, people interested in trading with a broker without a regulated license should be careful. It’s crucial to research the broker and their reputation thoroughly, and understand the risks before deciding to trade.

FAQs

Is Videforex regulated?

No, Videforex currently has no valid regulation.

What are Videforex’s minimum deposit requirements?

To open a live account with Videforex, the minimum deposit requirement is $250 or equivalent currency for the Bronze account.

Does Videforex offer a demo account?

Yes, Videforex offers a demo account. You need to register before receiving demo account credentials.