Videforex Withdrawal Process: How to Withdraw Profits?

12341
4 / 5
Rating of the Binaryoptions.com team
Minimum withdrawal $50
Payment methods Banktransfer, Credit card, E-Wallets, Crypto
Withdrawal fees $0 ($50 on bank transfers)

The VideForex trading platform appears to be inherently well-designed as it shares its features with other identical web properties offering binary options services under numerous brand names. VideForex has extremely dominant business fundamentals that ensure traders can rely on the company for the long term.

In this article, we will take a closer look at how withdrawals work at VideForex. You will find detailed step-by-step instructions and answers to questions such as withdrawal issues and more.

We will cover all details in this article:

Withdrawal rating:(4 / 5)
Minimum withdrawal:$ 50
Maximum withdrawal:No limit
Withdrawal fees:No, or 5% with Mastercard and Visa
Withdrawal duration:Up to 5 business days
Withdrawal payment methods:Credit cards, cryptocurrencies, e-wallets, local bank transfers
Bonus withdrawal:Yes, available (see turnover conditions)
Withdrawal rules:No additional rules, sometimes verification of the payment method is required
Withdrawal without verification:No
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(Risk warning: Your capital can be at risk)

VideForex - withdrawal methods

Funds withdrawal on VideForex – Step by step tutorial

Vide Forex supports the withdrawal of funds with the help of bank wire transfers, primary credit cards, and e-Wallets. For the withdrawal of funds with the help of a bank wire transfer, VideForex would charge a minimum amount of $50 as a fee or commission.

In extension, the withdrawal amount should be at least $50. The nice information about Videforex’s withdrawals is that the broker safeguards that all withdrawal claims will be dealt with within an hour.

For safety reasons, identification of the individual is compelled for all withdrawals, nonetheless of the withdrawal percentage. For account, without bonus, the vendor must attain a 100% turnover from the deposited amount to contend for withdrawal. 

For an account with a bonus, the vendor must reach 300% turnover from the deposited amount to contend for the deposited amount and earnings withdrawal.  

Step 1 – Click on your profile icon

The profile icon on VideForex

If you want to withdraw your money, first click on your profile icon. You will find it at the top of the screen.

Step 2 – Click on withdraw funds 

How to withdraw funds on VideForex

Click on “withdraw funds” on the screen if you want to withdraw some money from your trading account. The whole process can remind you of depositing money into your trading account.

Step 3 – Enter your payment address and confirm the withdrawal

Withdraw funds on VideForex

Enter your payment address and confirm the withdrawal. Enter the amount you want to withdraw and other necessary details, such as your bank account information. Specify the amount you wish to withdraw and provide any additional information the platform requires, such as your bank account details. Double-check the points you’ve entered to make sure they are correct.

Step 4 – Check the withdrawal status

Checking the withdrawal status on VideForex

Check the withdrawal status to see if your withdrawal has been accepted. It’s important to remember that the processing time and fees for withdrawals may vary depending on the trading platform and withdrawal method you choose. Check the terms and conditions of your trading platform regarding withdrawal policies, minimum withdrawal amount, and account verification requirements.

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(Risk warning: Your capital can be at risk)

Dissipates & commissions

The trading expenses and fees can be promptly stacked up. So, choosing a vendor that provides active spreads is significant. With VideForex.com, a spread is generally applied. The spread is dynamic for specific devices. 

While they are not certainly the inexpensive vendor on the market, they are not much costly from any angle. Hopefully, this implies you prevent the vendors whose fees are so low that you pay the rate in low-performance speeds and a questionable platform. The fees at more valuable vendors will considerably cut into your end daily earnings.

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Withdrawal

When you are evaluating vendors, the comfort with the help of which withdrawals can be brought is another essential characteristic to contemplate.

Legislation helps in playing a significant role where consumer reserves have pertained as reserves protected in segregated accounts. It should be accessible for withdrawal at any allotted time whenever a request is formulated by the vendor and successive holder of the trading account.

VideForex payment methods

Videforex provides the following payment techniques when withdrawals are made:

When you are formulating withdrawals, traders are required to provide evidence of identification with every withdrawal regardless of the amount withdrawn from the trading fund. 

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(Risk warning: Your capital can be at risk)

Advantages of VideForex

Withdrawal techniques and fees

Videforex’s finance department deals with all withdrawal requests fulfilled. From the period the request is formulated, Videforex generally processes each withdrawal request within an hour. 

Nevertheless, in case of deficiency of information on the side of consumers, or uncertainties on the third-party site, it would take too long to process.

The Videforex finance squad will infer the technique of withdrawal. Customers can not order to alter a withdrawal technique. All funds must be refunded to the source of the actual deposit. Nevertheless, this may not be feasible (such as in cases where the actual deposit quotation was a MasterCard). 

Videforex’s finance department will attempt to find the optimal technique for processing customers’ withdrawals.

Identification is expected for all withdrawals, nonetheless of the withdrawal amount, if the account is initially financed by any credit card or debit card or is at any question financed with the help of utilizing a credit card or debit card. 

Videforex deposit tutorial
Videforex deposit tutorial

Get a free deposit bonus of 100% with our promotion code “BOFREE (100$ No Deposit Bonus)”

VideForex will ask you for a photocopy of the front and back of the credit card used, concealing susceptible authentication information, a photo ID which is issued by the government (such as a driving license or passport), and 3-months current evidence of residence address (such as a bank statement or electricity bill), if required. 

This requirement will not be fulfilled if you provide a mobile phone bill or any other comprehensive mail. In addition, if the Vide Forex account has been financed with the help of utilizing numerous credit cards or debit cards, the Vide Forex finance department will ask you for the photocopies of all cards used by you before a withdrawal is ratified.

Not overcoming the above, if the amount of withdrawal exceeds $1,800 or €1,800, funds would not be transported until the identity of the customer and the age is not ascertained. 

If your account is originally financed by bank transfer, a photocopy of the bank statement would be required from the originating account, indicating the transfer.

Be careful regarding the name on the bank statement. It should be matched by the name of the person on the Vide Forex account. Additional documentation demonstrating the relationship between the bank account and the user will be expected.

If your account is financed by an e-wallet, the customer would be expected to provide ID proof, a photo, and evidence of address where the address of the statement delivered conforms to that on the user account at Videforex.

VideForex live chat
There is a live chat available on VideForex, where you can ask all your questions

When delivering expected statements, please obey these guidelines:

Please always mail colored copies, scans, or photographs

  • Please do not expand, reduce, or otherwise manipulate the size of the accountable matter.
  • Please restrain the middle 8 digits on the card when mailing copies of the cards. Please ensure the first, and last four digits are noticeable. Cards mailed indicating all digits will be eliminated instantly.
  • When you are mailing the bank statements, please ensure that the name and address data are apparent and that the transfer is mailed to the firm. Then you must protect all other information.

If the withdrawal percentage, or total withdrawal amount on the account, surpasses €1,800 or $1,800 (relying on the account currency), Videforex’s finance office will expect certified copies of all identification statements, nonetheless of whether uncertified copies have recently been delivered.

All the relevant documents must be authorized as actual copies by a notary public or post office. No withdrawals will be filtered until such period as the Videforex finance department has attained all expected identification and substantiated their realism. 

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Once identification has been completed, and for the second time, you are making a withdrawal, in such a case, you will not be required to provide the ID again. Only with the abnormality of extra payment techniques or additional cards are utilized to finance the account; for this, you will be required to provide copies of additional cards or bank statements.

Please note that huger withdrawal percentages may take extra time as they may be accountable for fraud inspections by the processing and obtaining banks. 

These extra checks are not conducted by or at the request of, Videforex, and they do not have supervision over this procedure.

Any withdrawal finalized by worldwide wire transfer will be arrested with an upfront $50 transfer fee or commission.

For funds, which were not effective, that is, with which the customer has not made any turnover, an expenditure commission of 20% on each of the amount of withdrawal applies, which shall be reimbursed by the customer.

To obtain the bonus after the first deposit is filtered, the customer must contact [email protected], request a competent bonus, and place no businesses before the bonus has consented. 

VideForex mobile app
VideForex mobile app

Common withdrawal problems on VideForex

There have been instances of consumers having withdrawal issues, despite the fact that VideForex is a popular online trading platform.

If you want to withdraw money from your VideForex account, you’ll have to prove your identity first. If you want to avoid unnecessary holdups, submit your paperwork as soon as possible after you have completed it.

Moreover, some of VideForex’s withdrawal methods may not be available in your country. If you are unable to discover a withdrawal method that suits your needs, please contact customer care.There is a minimum withdrawal amount that must be met before funds may be withdrawn from VideForex, and this amount changes based on the withdrawal method used. You must have at least the minimum amount available in order to make a withdrawal.

In any case, you should get in touch with VideForex’s support staff so that the issue may be looked into and fixed.

Conclusion: Withdrawals are working with VideForex

Vendors are required to take tremendous warning as the website and contributions of a cheating vendor may come across as legit to those who do not recognize what to look for.

Before opening a trading account with this vendor, it is essential to assess and ascertain its legality and right fullness, or vendors risk losing considerable funds that cannot be redeemed once invested if it is dishonest or defrauding the broker.

It will be a topic of concern if there is an absence of data on the Vide Forex. You would want the website to provide the complete information for that brokerage that has just started trading at Vide Forex. The absence of data doesn’t mean that there is VideForex cheating going on. 

At this moment, you should formulate a demo statement and entirely test with the outlet and as much assistance as reasonable before conceding that this organization is the genuine and reasonable Forex vendor for you. 

› Sign up for free with VideForex now

(Risk warning: Your capital can be at risk)

Frequently asked questions about the VideForex withdrawal:

What are some circumstances for making the withdrawals?

For safety, identification of the person is considered the priority for all withdrawals, regardless of the withdrawal percentage. For the accounts without premiums, the vendor must reach up to a 100% turnover from the deposit amount to contend for the withdrawal. 
For an account with a bonus, the vendor must reach 300% turnover from the deposited percentage to contend for the deposited amount and earnings withdrawal. Therefore, the least amount enabled for withdrawal is $50.

How shortly is your withdrawal request filtered?

Videforex filters all withdrawal requests within an hour. Nevertheless, confirmation may take longer if the customer does not fulfill all requested papers in time.

Does Videforex forgo a tax from payouts?

Videforex does not forgo any taxes. Regardless, as a client, it is your obligation and duty to fulfill the taxes regulations in your jurisdiction.

How long does the withdrawal take on VideForex?

Withdrawals at VideForex usually take one day. In some cases, they last up to 5 business days.