ANSWER Videforex is not a licensed or regulated broker even though it states offers that look good to be true. Videforex claims it is the trade name of INVOLVA CORP, a company regulated by the Marshall Islands Registry (IRI). Regarding to IRI, we'd like to remind traders that IRI does not issue forex licenses or regulate forex activites. We keep on reminding traders to be wary of offshore brokers in IRI as they don't provide any funds protection as well as withdrawals guagrantee. That means investors' funds in the broker is unsafe and cannot be protected by any laws. We would recommend traders stay away from unlicensed brokers like Videforex and trade with licensed brokers. If you are looking for brokers to trade with, we would recommend brokers regulated by top-tier regulators like FCA, CySEC, ASIC, etc.
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