Videforex Review | Is It a Scam Binary Broker?

by Kevin Berry
  1.3/5   Reviews: 2
Videforex - logo

Are you considering investing your hard-earned money with Videforex? Before you make any decisions, it’s important to be aware of the numerous scam allegations and negative reviews surrounding this binary options broker. Many traders have reported losing significant sums of money due to platform glitches. So, we’ll delve into the specifics of what makes this broker a risky choice for potential investors.


🏛️ Country Marshall Islands
⚠️ Regulation
🖥️ Website https://videforex.com/
🎲 Demo Account No
⏳ Start Time 2017
💲 Minimum Trade Amount $10
⚖️ Payout 95%
⚙️ Expiry Time 1 minute
📨 E-mail
📞 Phone +18499370843

First Impression of Videforex.com

The official website of Videforex is not the typical brokerage website. This broker is quite unique and offers a video chat feature where traders can interact with a manager from Videforex. It’s always a friendly and attractive woman who greets you. You can join her in a group or private chat, and even switch to a different language or a different online girl. The website also briefly describes the broker and lists its advantages, including statistics.

Videforex - website

Partnership and Bonuses

Videforex offers bonuses, ranging from 20% to 100% of your deposit, depending on the size of your deposit, of course. However, these bonuses come with certain conditions that must be met before you can withdraw them. Additionally, you can enter a promo code during registration, as the broker has a referral program that rewards you with up to 20% commission for referring new clients.

Account Opening on Videforex.com

Opening an account on Videforex.com is a breeze. You just need to fill out a small form with your personal data and contacts. Interestingly, Videforex does not require verification, so you can enter any email, and phone number. Afterward, you immediately gain access to the Client Portal, which is integrated with the trading terminal. Here, you can adjust your profile settings, deposit or withdraw funds, and access additional features such as market analysis and copy trading.

Registration form


Despite being a binary options broker, Videforex requires clients to go through a verification process. It involves providing personal information and a copy of a document proving your identity. You may also need to take a selfie with the document. However, the company doesn’t indicate how long the verification process takes.

  • Simple verification process.
  • The deadline for verification of documents is not specified.

Trading Software

Videforex offers a web trader for binary options. However, unfortunately, it falls short in many areas. The web trader is slow and clunky, with a confusing interface that makes it difficult to navigate. The charts are not user-friendly and lack customization options, making it difficult to analyze market trends. The lack of advanced features and tools makes it a poor choice for experienced traders who require more robust platforms for their trading needs.


Features Videforex Binary.com Quotex
Demo Account ❌️️ ✔️ ✔️
Mobile App ❌️️ ✔️ ❌️️
Own Development ✔️ ✔️ ✔️

How Can I Trade With Videforex?

Based on what we already know, we would not trade with Videforex. However, for those who are interested in binary options trading, let’s describe the trading conditions.

All Info About Accounts

Videforex offers three types of accounts, which do not differ much from each other except for the minimum deposit. It is $250, $1,000, and $3,000, respectively. The larger the deposit, the larger the bonus. Apart from that, the accounts do not differ in any significant way. The novice account does not have the first risk-free trades, but that’s all.

Regarding the broker’s overall conditions, it promises payouts of up to 95%. However, there is a catch. Options with such payouts have an expiration period of only 60 seconds. As we know, it is impossible to develop a profitable strategy in such a short time frame, and the trader is more likely to be gambling. Everything that happens in the markets within 60 seconds can be called market noise. Therefore, it is impossible to predict with the highest probability where it will go. You can only guess.

  • Low minimum deposit.
  • High bonuses
  • Short expiry time.

Market Analysis and Education With Videforex.com

Videforex seems to offer education, mentioning that traders can use its services. In addition, the broker provides a personal success manager and access to webinars. However, there is a conflict of interest. If the broker teaches you to earn money, it will be left without money, both yours and its own. So don’t fall for these gurus and coaches. Their task is quite definite – to drain your deposit.

Deposit, Withdrawal, and Fees

Among the deposit methods, Videforex offers Visa and MasterCard, bank transfers, cryptocurrencies, and Perfect Money. One advantage is that the broker promises to withdraw money within one hour. A serious statement. We don’t think that bank transfers work this way, unless they mean electronic payment systems.

Features Videforex ExpertOption Binomo
Debit/Credit Cards ✔️ ✔️ ✔️
Electronic Payments ✔️ ✔️ ✔️
Crypto Transfers ✔️ ✔️ ✔️
Deposit Fee ❌️ ❌️ ❌️
Withdrawal Fee ✔️ ❌️ ❌️

How Can I Contact It?

The most obvious way to contact the broker is through live chat. As we have said, Videforex representatives are waiting live to answer your questions. However, we have not verified if they are actually there. Someone else may be responsible for them. Additionally, the broker provides a phone number for contact.

  • Live chat.
  • No email address.

Is Videforex Dangerous?

Binary options themselves are a very dangerous venture. We would not recommend anyone to trade using these tools. The majority of brokers offering this type of service are scammers. What about Videforex?

How Long Does The Broker Work?

By the way, we are surprised by the longevity of Videforex. It suddenly appears, then may disappear for a year, then reappears with advertising. Countless traders have fallen victim to this scam. However, it has been operating since 2017.

How Is Videforex Regulated?

In the website footer, you may notice that Videforex is regulated by a certain IFMRRC. This is a self-regulating organization, which originates from Russia. Any broker can become a member by paying a fee of a few thousand dollars. This company operates in a semi-legal manner. You can see for yourself that the certificate it issued to Videforex states that its managing company is registered in the Marshall Islands. Meanwhile, here is what the real registry record of that state looks like.

Legal data

As you can see, the company was annulled in May 2022. However, IFMRRC issued this certificate to a non-existent legal entity. Anyway, you should know that binary options are banned in almost every country. Obtaining a license for this activity is practically impossible.

Features Videforex Binomo Quotex
European Zone ❌️ ❌️ ❌️
Asian Zone ❌️ ❌️ ❌️
American Zone ❌️ ❌️ ❌️
African Zone ❌️ ❌️ ❌️
Offshore ❌️ ❌️ ❌️

Frequently Asked Questions (FAQ)

How to Trade With Videforex?

You can create an account, go through verification, and deposit. Then, you’ll get access to the Videforex trading platform.

Is Videforex Legit?

No, Videforex is not legit. It was dissolved in May 2022. Besides, binary options brokers are illegal in most countries.

How Risky Is It?

Binary options are the most risky asset type. However, in this case, you are also trading with an unlicensed broker. So the risks are multiplied.
Kevin Berry
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Expert Opinion

Here’s an expert opinion from your friendly neighborhood trading guru (that’s me, in case you were wondering). When it comes to binary options, let’s be real: they’re about as useful as a screen door on a submarine. I mean, who thought it was a good idea to simplify the stock market into a “yes or no” question? It’s like trying to fit a square peg into a round hole or convincing your mother-in-law to like you. It’s just not gonna happen. So, my advice to you is this: find a trading strategy that actually makes sense. Invest your time and money into something that has the potential for real growth, like a money tree (just kidding, those don’t actually exist). And remember: the only thing worse than losing money in the stock market is losing money and your sense of humor. Keep things light, stay smart, and happy trading!

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Videforex rating

The level of trust
Quick withdrawal of funds
Efficiency of technical support
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The level of trust
Quick withdrawal of funds
Efficiency of technical support

2 reviews about Videforex

Clive April 24, 2023 - 21:07
The company actively puts sticks in the wheels of traders and doesn't allow them to trade properly.
The level of trust
Quick withdrawal of funds
Efficiency of technical support

It’s better not to take bonuses here. You won’t be able to meet their turnover and withdrawal conditions. It’s like attaching an anchor that won’t let you live normally. Managers are incompetent. Those fools sitting at monitors on the main page are purely for show. They don’t understand markets and trading. They give template answers. They don’t respond to tough and tricky questions. They either change the subject or ban us from the chat. I can say the same thing about phone support. These are amateurs in the forex and binary options markets. The most important thing for them is for the client to invest and lose money quickly, and so on in a circle. You must understand that there is no opportunity to make money here, only a 100% loss of money and time.

Joe May 5, 2023 - 12:31
Fraudulent binary options company
The level of trust
Efficiency of technical support

Videforex often deceives clients, especially before registration. They use bold claims that clients can expect a profitability of up to 95% per trade. However, in reality, my earnings never exceeded 70%. I invested $300 and started trading. During one month of losing trades, the highest profitability was 70% on EUR/USD, while in other cases, it was consistently between 60% and 70%. This is very bad because with such profitability, it’s impossible to make money trading binary options. The mathematical expectation will be on the broker’s side. You can figure out the math yourself. I won’t write about it now. Moreover, the company likes to close favorite assets that you trade. If you often trade GBP/USD and make a profit, they close it. They also close pairs where a clear trend is visible, either up, or down.


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