VICTORY INTERNATIONAL FUTURES
Pros and Cons
Pros
- Regulated by BAPPEBTI and ICDX
- Diverse range of trading instruments including forex, commodities, and CFDs
- Advanced trading platform: MetaTrader 5
- 24/5 customer support available through multiple channels
- Segregated accounts for enhanced fund protection
Cons
- Not regulated by tier-1 authorities like FCA or ASIC
- High minimum deposit requirement of $1,000
- Above-average trading fees and spreads
- Lack of transparency regarding withdrawal processes
- No support for Islamic (swap-free) accounts
Basic Information
User Reviews
VICTORY INTERNATIONAL FUTURES Overview
VICTORY INTERNATIONAL FUTURES, officially known as PT Victory International Futures, is a reputable forex broker established in 2003 and headquartered in Indonesia. With nearly two decades of experience in the market, the broker has built a strong foundation in the financial services sector, focusing on providing comprehensive trading solutions to its clients. VICTORY INTERNATIONAL FUTURES is registered and regulated by relevant authorities in Indonesia, ensuring a level of trust and security for its users. The broker’s commitment to transparency and client satisfaction has positioned it as a reliable choice for traders looking to engage in the forex market.
The broker offers a diverse range of trading instruments, including forex, commodities, and CFDs, allowing traders to capitalize on various market opportunities. VICTORY INTERNATIONAL FUTURES provides access to advanced trading platforms, such as MetaTrader 5, equipped with essential tools and features for both novice and experienced traders. Customer support is a priority, with assistance available 24/5 through various channels to address any inquiries or issues. The broker distinguishes itself with fast execution speeds and a user-friendly trading environment, making it an attractive option for those seeking a trustworthy forex trading experience.
Is VICTORY INTERNATIONAL FUTURES Safe? Regulation Analysis
Regulatory Information
| Regulatory Authority | Country/Region | Fund Protection Measures |
|---|---|---|
| BAPPEBTI | Indonesia | Segregated Accounts |
| ICDX | Indonesia | Segregated Accounts |
Is VICTORY INTERNATIONAL FUTURES Regulated and How Are Client Funds Protected?
VICTORY INTERNATIONAL FUTURES is regulated by BAPPEBTI and ICDX in Indonesia, which establishes its legitimacy as a forex broker. The regulatory framework in Indonesia ensures that the broker adheres to certain operational standards, contributing to a level of trust for traders. Client funds are protected through the use of segregated accounts, which helps ensure that the funds are kept separate from the broker’s operational capital. This regulatory oversight, combined with the commitment to transparency, enhances the safety of client investments. However, potential clients should be aware that while the broker is regulated, the protections offered may not be as extensive as those found in jurisdictions with stricter regulatory frameworks.
Trading Products and Services
What trading instruments does VICTORY INTERNATIONAL FUTURES offer?
| Asset Category | Available Products | Total Count (if available) |
|---|---|---|
| Forex | Major Pairs (e.g., EUR/USD, GBP/JPY) | Varies |
| Commodities | Gold, Oil | Varies |
| Indices | S&P 500, NASDAQ | Varies |
| Stocks | US Stocks (e.g., Apple, Tesla) | Varies |
| Cryptocurrencies | BTC, ETH | Varies |
VICTORY INTERNATIONAL FUTURES offers a diverse array of trading instruments across multiple asset categories, including forex, commodities, indices, stocks, and cryptocurrencies. This variety caters to different types of traders, from beginners to professionals, allowing them to implement flexible trading strategies and meet their investment goals. The broker’s focus on multiple asset classes supports portfolio diversification, which is essential for managing risk and capitalizing on various market opportunities. Whether you are looking to engage in forex trading or explore commodities, VICTORY INTERNATIONAL FUTURES provides the tools necessary for a well-rounded trading experience.
Account Types and Trading Conditions
What Account Types and Fees Does VICTORY INTERNATIONAL FUTURES Offer?
| Account Type | Target User Group | Key Characteristics | Applicability Notes |
|---|---|---|---|
| Mini Account | Traders with smaller capital | Low minimum deposit, suitable for practice | Requires a minimum deposit of $1,000 |
| Regular Account | Traders with larger capital | Higher trading limits, tailored for serious investors | Requires a minimum deposit of $10,000 |
| Demo Account | All traders | Risk-free environment for practice | Available for testing strategies before real trading |
Account Opening Process
To open an account with VICTORY INTERNATIONAL FUTURES, prospective clients must submit personal, employment, and financial information. This includes identity verification through valid ID and proof of address. The process allows for account flexibility, enabling clients to upgrade to a professional account if their trading volume increases or their needs change over time.
Trading Fees
| Product | Spread (pips) | Commission | Notes |
|---|---|---|---|
| Forex (Major Pairs) | 0.8 | $0 (ECN: $3.5/lot) | Tight spreads for major currency pairs |
| CFDs (Stocks, Indices, Commodities) | Varies | Varies | Dependent on specific asset |
| Cryptocurrencies | 1.0% | 0.1% | Variable depending on volatility |
Other Fees
Traders should be aware of various fees that may apply, including deposit and withdrawal fees, inactivity fees, platform usage fees, overnight interest (swap rates), and currency conversion fees. It is advisable to check with VICTORY INTERNATIONAL FUTURES for specific details regarding these costs.
Trading Platforms and Apps
What Trading Platforms and Apps Does VICTORY INTERNATIONAL FUTURES Offer for Traders?
| Platform | Device Support | Key Features | Additional Services |
|---|---|---|---|
| MetaTrader 5 (MT5) | Windows, macOS, Android, iOS | Login security (2FA), multiple order types, technical indicators, price alerts | Demo accounts, API interfaces |
| Web Version | Any device with internet access | Login security (encryption), market search, real-time alerts | Demo accounts |
| Mobile App | Android, iOS | Convenient login, price alerts, push notifications | Demo accounts |
The MT5 platform is designed for advanced traders, offering a comprehensive set of tools and multiple order types for efficient trading. The web version provides accessibility from any device with internet capabilities, ensuring users can manage their trades seamlessly. The mobile app enhances trading convenience by allowing traders to operate on-the-go, with secure logins and real-time alerts to stay updated with market movements. VICTORY INTERNATIONAL FUTURES ensures a secure trading environment with robust login security measures and supports various devices for flexible trading experiences.
Deposit and Withdrawal
Deposit and Withdrawal Options
| Payment Method | Processing Time | Fees | Limits | Base Currency Options |
|---|---|---|---|---|
| Bank Transfer | 1-3 business days | No platform fee | Min $1,000, Max $50,000 per transaction | IDR, USD |
| Credit/Debit Card | Instant | No platform fee, 2% charge for international cards | Min $1,000, Max $20,000 per transaction | IDR, USD |
| E-wallets (e.g., OVO, GoPay) | Instant | No platform fee, 1.5% charge | Min $1,000, Max $10,000 per transaction | IDR |
Minimum Deposit
The minimum deposit requirement at VICTORY INTERNATIONAL FUTURES is $1,000. This applies uniformly across all account types and does not vary by payment method or region.
How to Withdraw
To withdraw funds from your VICTORY INTERNATIONAL FUTURES account, follow these steps:
- Log in to your trading account.
- Navigate to the ‘Withdrawal’ section in your account dashboard.
- Select your preferred withdrawal method (e.g., Bank Transfer, Credit/Debit Card, E-wallet).
- Enter the amount you wish to withdraw, ensuring it meets the minimum requirements.
- Submit your withdrawal request and confirm any necessary details.
- Wait for the processing time specified for your chosen withdrawal method.
Customer Support
VICTORY INTERNATIONAL FUTURES Customer Support Overview
Support Channels
VICTORY INTERNATIONAL FUTURES offers multiple contact methods to ensure effective customer support. Traders can reach out via:
- Email: Clients can send inquiries to info@vifx.co.id.
- Telephone: Support is available at +62 800 156 5758 for direct assistance.
- Live Chat: An online chat feature is accessible through their website for immediate help.
- Social Media: You can also connect with them through their official Facebook page.
Service Availability
Customer support at VICTORY INTERNATIONAL FUTURES is available 24 hours a day, five days a week (24/5). Additionally, the support team is equipped to assist clients in multiple languages, enhancing accessibility for their diverse client base.
Additional Resources
To further assist clients, VICTORY INTERNATIONAL FUTURES provides educational resources, including video tutorials and market analysis. These resources are aimed at helping traders improve their skills and stay informed about market trends, ensuring they receive comprehensive support throughout their trading experience.
Frequently Asked Questions
Yes, VICTORY INTERNATIONAL FUTURES is regulated by BAPPEBTI and ICDX in Indonesia. Client funds are protected through the use of segregated accounts, ensuring that clients’ funds are kept separate from the broker’s operational capital. This regulatory oversight enhances the safety of client investments.
VICTORY INTERNATIONAL FUTURES offers a diverse range of trading instruments across several asset categories, including forex, commodities, indices, stocks, and cryptocurrencies. This variety allows traders to implement flexible strategies and cater to different investment goals.
The minimum deposit requirement at VICTORY INTERNATIONAL FUTURES is $1,000. This applies uniformly across all account types and does not vary by payment method or region.
Clients can reach VICTORY INTERNATIONAL FUTURES customer support through various channels, including email at info@vifx.co.id, telephone at +62 800 156 5758, live chat available on their website, and social media platforms like their official Facebook page. Support is available 24/5.
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Risk Disclosure
Trading forex/CFDs via brokers carries high risks, including potential total loss. For any data changes, please refer to the latest information on the brokers' official websites. Trade with caution and seek independent advice.