Is Videforex a scam or a legit broker?Posted by freeamfva on April 19th, 2022 Is Videforex a scam or a legit broker? Videforex is not a secure Forex broker since it does not hold a license from any worldwide serious Forex authority. Meaning the broker is suspected of being a fraud company since it was not checked for its compliance before establishment, never monitored in terms of its safety and simply may operate the business in any way it wishes.To get more news about my forex funds, you can visit wikifx.com official website. What is Videforex? The Marshall Islands is notorious for its practically absent requirements and regulations. Due to the setup cost is low and it does not regulate forex trading. Therefore, it became an offshore zone for shady forex brokers such as CobraCFD, GoldenSkyCapital and more. As we already know, offshore registration usually doesn\'t guarantee the safety of funds and clients\' protection, especially in the Marshall Islands, where the local authority doesn\'t regulate forex businesses. In fact, Marshall Islands is an offshore zone attracting various firms that for the reason or another escape from the serious regulation or compliance to international service providing. However, in the case of financial investment or trading firms, the company should be a very respected entity, as the statistics show that the majority of non-authorized firms never recovered the sums of investors\' investments. Therefore, we always advise avoiding offshore or companies with no license as there are too many frauds around. Videforex in India Videforex in the USA Videforex CFD and Options offers Android and iPhone based trading platform. It allows to stay connected with the global market and never miss a trading opportunity. The application allows regular CFD and Options trading and direct deposit and withdrawal via APP. It allows for instant execution of trades, shows live charts of every option available on the platform, and enables traders to view their entire trade history. Application is free to download. Like it? Share it!More by this author |