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Due to the setup cost is low and it does not regulate forex trading. 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.
Therefore, we always advise avoiding offshore or companies with no license as there are too many frauds around. Is Videforex a scam? The second red flag after an offshore registration is the lack of actual regulatory information. All the regulated brokers keep this information transparent for their clients. The lack of these details can indicate that the company is up to something bad. Videforex in India Videforex accepts traders from India. However, Videforex has no mention of complying with any Indian regulators on its website.
It is also worth mentioning that Forex trading is actually prohibited in India. As per the U. So, except for Videforex, you are only permitted to trade with the U. S regulated platforms. My recommendations: Traders should read through the FAQ section before reaching out to a customer service representative. For non-urgent questions, I recommend live chat. Bonuses and Promotions At the time of writing this review, Forex.
I want to note that a quality affiliate program is available with high payouts. It supports traders who seek a passive revenue stream to supplement their trading activities. The first section is straightforward and often suffices at other brokers, but Forex.
Account verification is mandatory, and new traders usually pass after sending a copy of their ID and one proof of residency document. Minimum Deposit The Forex. Payment Methods Forex. Supported Countries Forex. My observations: Forex. Not all deposit methods are available to all traders, dependent on the geographic location.
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