Videforex offers Forex, CFD and Options trading with more than 100 assets available for trading. The broker guarantees the clients are able to trade from any device, any time, with a highest level of security, wide range of funding and withdrawals methods, 100% secured trading with the data protection. However, it seems like the broker is missing the most important, the regulation.

Is Videforex a scam or legit broker?

No, it is not safe to trade with Videforex, as it is an offshore company. Videforex as the Company, operated by INVOLVA CORP – Nr. 104693, Trust Company Complex, Ajeltake Road, Ajeltake Island, Majuro, Marshall Islands.

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.

The second red flag after an offshore registration is the lack of the actual regulatory information. Videforex doesn’t seem to be regulated by any reputable authority. The broker does not provide any trading conditions/details as well as its address. All the regulated brokers keep this information transparent for their clients. The lack of these details usually tells that the company is up to something bad. 

We strongly advise all investors and traders to avoid Videforex and other brokers from the Marshall Islands. Traders should trade with well-regulated brokers such as UK brokers or brokers in Australia and reliable brokers such as FP Markets and eToro.

You can also share your trading experience with Videforex by commenting on this review.

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