Daniels Trading vs Videforex

Daniels Trading or Videforex – which is better for UK traders 2024? Compare Daniels Trading and Videforex in this detailed breakdown of their platforms, features and fees.

Daniels Trading vs Videforex Comparison Table 2024
Daniels Trading Videforex
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2.8
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3.4
Daniels Trading is ranked #111 among UK brokers. Videforex is ranked #7 among binary options brokers.
Review
Review
Daniels Trading was established in 1995 by renowned commodities trader, Andy Daniels, and is a division of the StoneX Group. The broker specializes in personalised futures trading, with access to 36 derivatives exchanges and 175 foreign exchange markets, among others. Launched in 2017, Videforex offers access to stock, index, crypto, forex and commodities markets via binary options and CFDs. The proprietary platform, mobile app and integrated copy trading are user-friendly and will suit new and casual traders, and the market analysis tools and trading contests provide good ways to improve your trading skills.
Pros
  • A wide range of account types supports both hands-on and hands-off trading strategies and I like that the broker offers comprehensive advice, automation and management services for both
  • Experienced investors should be pleased that leverage rates can be negotiated on an individual basis, ensuring that strategies can be optimised without taking on excessive risk
  • I'm impressed with the variety of exotic futures products at Daniels Trading, including rare soft commodities and interest rate futures
  • The broker is authorised and regulated by the Commodity Futures Trading Commission (CFTC), a respected US regulator
  • The usability and client focus of the proprietary DT Pro trading platform is also a major advantage for me
  • Videforex is one of the few brokers with 24/7 multilingual video support, providing comprehensive assistance for active traders.
  • Traders can earn up to 98% payouts on 100+ assets with the broker’s binary options, bringing it in line with competitors like IQCent.
  • Videforex regularly runs trading contests, offering practice opportunities and cash prizes to beginners and experienced traders, with position sizes from just ¢0.01.
Cons
  • Almost all withdrawals are subject to a fee of at least $25 per request, which is relatively high compared to other brands
  • Daniels Trading is not really designed for beginners, with reasonably high fees and a minimum deposit of $2,000
  • I would prefer to see a greater range of asset types from the firm, not just futures products
  • Videforex lacks authorization from a trusted regulator, meaning traders may receive little to zero safeguards like segregated client accounts.
  • The client terminal needs improvements based on our latest tests, sporting sometimes slow and unresponsive widgets which could dampen the experience for traders.
  • The absence of any educational tools is a serious drawback for newer traders who can find blogs, videos and live trading sessions at category leaders.
FCA Regulated
No

List of FCA Regulated Brokers

No

List of FCA Regulated Brokers

Instruments
Forex, indices, commodities, futures, interest rates Binary Options, CFDs, Forex, Indices, Commodities, Crypto
Bonus
20% to 200% Deposit Bonus
Demo Account
Yes Yes
Minimum Deposit
$2000 $250
Payment Methods
Minimum Trade
0.01 Lots $0.01
Regulator
National Futures Association (NFA)
Mobile Apps
Yes Android
Trading App

Videforex stands out with its comprehensive and user-friendly mobile trading solution, offering short-term binaries across a wide range of assets. The web-accessible application is fast, intuitive, and perfect for beginners, complete with a helpful guide upon first use. Videforex’s ongoing enhancements, including the addition of candlestick charts for technical analysis, further enrich the user experience.
iOS App Rating
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4.1
Android App Rating
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4.4
Margin Trading
No Yes
MetaTrader 4
No No
MetaTrader 5
No No
cTrader
No No
AlgoTrader
No No
OmniTrader
No No
TradingView
No Yes
Autochartist
No No
eSignal
Yes No
Trading Central
No No
STP Account
No No
ECN Account
No No
DMA Account
No No
MAM Account
No No
PAMM Account
No No
LAMM Account
No No
Demat Account
No No
AI / Machine Learning
No No
Robo Advisor
No No
Negative Balance Protection
No Yes
Market Maker
No No
P2P Trading
No No
Spot Trading
No Yes
Auto Trading
Yes Yes
Copy Trading
No Yes
Copy Trading Platform
Videforex offers an integrated copy trading service where users can automatically or manually replicate the positions of other traders. Simply choose a trader and asset class and specify the investment amount.
Social Trading
No Yes
Trade Signals
Yes Yes
VPS Hosting
No No
Tournaments
No Yes
Demo Competitions
No No
Ethical Investing
No No
Custodial Account
No No
Guaranteed Stop Loss
No Yes
Inactivity Fee
$10
Islamic Account
No No
Account Currencies
  • USD
  • EUR
  • GBP
  • AUD
  • RUB
Commodities
  • Gold
  • Silver
  • Natural Gas
  • Soybeans
  • Gold
  • Oil
  • Copper
CFD
Start trading online leveraged CFDs on the financial markets. Videforex CFDs are available on forex, indices, cryptocurrencies and commodities with up to 1:500 leverage and tight spreads from near zero. CFDs incur a commission fee of 1%–2.5% and up to 5% for leveraged trades.
Leverage
1:500
FTSE Spread
Floating Floating from 0.2
GBPUSD Spread<
Floating Floating from 0.1
Oil Spread
Floating Floating from 0.05
Stocks Spread
Floating NA
Forex
My tests found that you can use either of the intuitive proprietary charting platforms at Daniels Trading to analyse and speculate upon 14 currency futures products, alongside several more e-mini futures. Videforex offers trading on 35 currency pairs through leveraged CFDs with spreads from 0.1 pips. Alternatively, traders can use binaries to speculate on upward/downward price movements with payouts up to 98%. Integrated technical analysis, economic calendars, and market news, all available within the platform, help support FX trading decisions.
Assets
14 35+
GBPUSD Spread
Floating 0.1
EURUSD Spread
Floating 0.1
EURGBP Spread
Floating 0.1
Cryptocurrency
Traders can speculate on crypto prices in pairs with USD and CNY through binary options and CFDs. The range of digital currencies is fairly narrow vs alternatives but major tokens like Bitcoin are available.
Spread
Floating
Coins
  • BTC
  • ETH
  • QUANT
  • UNI
  • SOL
  • BNB
  • DOGE
  • XRP
  • XMR
  • MATIC
  • USDT
Crypto Lending
No No
Crypto Mining
No No
Crypto Staking
No No
Auto Market Maker
No No
Binary Options
Videforex continues to offer binary options with 20% payouts on crypto and up to 98% on less volatile assets, beating many competitors. A wide range of contract lengths are also supported from 5 seconds up to 1 month. New users will appreciate the welcome deposit bonus.
Payout
98%
Expiration Times
5 seconds - 1 month
Boundary Options
No No
Ladder Options
No No
Daniels Trading Videforex
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