WikiFX Review: Is VIDEFOREX trustworthy?

What VIDEFOREX is

Registered in Seychelles, VIDEFOREX is a Forex trading broker. We don‘t know who owns this company yet since we lack information about this broker based on its website. According to WikiFX, this broker has been given a pretty low rating of 1.43/10. WikiFX doesn’t advise people to invest in a broker with a low score.

Regulation

VIDEFOREX doesn‘t hold a legitimate license, this means that VIDEFOREX is an unregulated broker. It is risky for traders to work with an unregulated broker as it may take traders’ money away fraudulently.

Account types

VIDEFOREX offers three types of trading accounts, they are Bronze, Silver, and Gold. The minimum deposit is $250. Besides, VIDEFOREX also provides traders with demo accounts.

Customer Support

Traders can contact VIDEFOREX through live video chat.

Deposit & Withdrawal

Traders can choose several ways to deposit and withdraw funds from their VIDEFOREX accounts, mainly VISA, MASTERCARD, Bitcoin, Ether, NETELLER, Skrill, Perfect Money, and VLOAD. Traders who deposit funds via VISA/MASTERCARD need to pay a 5% transfer fee.

Trading Platform

This broker uses the non-MT4/MT5 platform as its main trading platform.

Feedback from clients

As of May 10, 2022, WikiFX has received 2 complaints about this broker.

One trader from Colombia claimed that he/she was unable to withdraw money due to suspicious manipulation.

Similar to the first case, another trader who comes from Mexico complained that VIDEFOREX didn't allow him/her to withdraw money.

Conclusion:

WikiFX doesn't recommend traders to invest in an unlicensed broker, like VIDEFOREX. Please do more research and make yourself comfortable before making a decision. If you want to know more information about the reliability of certain brokers, you can open our website (https://www.WikiFX.com/en). Or you can download the WikiFX APP for free through this link(https://www.wikifx.com/en/download.html). Running well in both the Android system and the IOS system, the WikiFX APP offers you the easiest and most convenient way to seek the brokers that you are curious about.