Victory International Futures Forex Broker

Victory International Futures Broker - Complete Information Guide

1. Overview of the Broker

　　Victory International Futures, established in 2003, is a financial services company headquartered in Surabaya, Indonesia. This brokerage is privately owned and operates under the regulatory oversight of the Indonesian Commodity Futures Trading Regulatory Agency (Bappebti) and the Indonesia Commodity and Derivatives Exchange (ICDX). Victory International Futures primarily serves retail clients, providing access to various financial markets, including forex, indices, and commodities.

　　Over the years, Victory International Futures has made significant strides in the trading industry. It has built a reputation for offering competitive trading conditions and a user-friendly trading platform. The company has achieved important milestones, such as obtaining its regulatory licenses and expanding its range of trading instruments.

　　As a retail forex broker, Victory International Futures focuses on providing individual traders with the tools and resources needed to navigate the financial markets effectively. The company's business model emphasizes transparency and customer support, ensuring that traders can engage confidently in their trading activities.

2. Regulatory and Compliance Information

　　Victory International Futures is regulated by two primary authorities: the Bappebti and the ICDX. The regulatory license numbers are as follows:

• Bappebti: 558 / Bappebti / SI / XII / 2004
• ICDX: 041 / SP KB / ICDX / DIR / IX / 2010

　　These licenses grant Victory International Futures the authority to operate as a retail forex broker, primarily within Indonesia. The regulatory framework ensures that the broker adheres to specific standards, although it is worth noting that the Indonesian regulatory environment is not as stringent as that of some other jurisdictions, such as the UK or Australia.

　　Victory International Futures maintains a client fund segregation policy, which means that client funds are kept separate from the company's operational funds. However, there is no participation in an investor compensation fund, which could provide additional protection for clients in the event of broker insolvency.

　　To comply with international standards, Victory International Futures implements Know Your Customer (KYC) and Anti-Money Laundering (AML) measures to verify the identity of its clients and to prevent fraudulent activities.

3. Trading Products and Services

　　Victory International Futures offers a diverse range of trading products to cater to various trading strategies and preferences. The broker provides access to:

• Forex Currency Pairs: A selection of major currency pairs, including EUR/USD, GBP/USD, and USD/JPY.
• CFDs on Indices: Trading opportunities on major global indices, although specific indices available for trading are not detailed.
• Precious Metals: Traders can participate in the trading of gold (XAU/USD) and silver (XAG/USD) as safe-haven assets.
• Commodities: Opportunities to trade on oil and other commodity futures.

　　The broker continually updates its product offerings to reflect market demand, ensuring clients have access to a comprehensive suite of trading instruments. While primarily focused on retail trading, Victory International Futures does not currently offer services tailored for institutional clients or white-label solutions.

4. Trading Platforms and Technology

　　Victory International Futures supports the MetaTrader 5 (MT5) trading platform, which is renowned for its advanced trading functionalities and user-friendly interface. MT5 allows traders to engage in both manual and automated trading, utilizing expert advisors (EAs) for algorithmic trading strategies.

　　The broker does not offer a proprietary trading platform but provides MT5 across various devices, including desktop, mobile, and web applications. This ensures that traders can access their accounts and execute trades from anywhere at any time.

　　Victory International Futures employs a market execution model, ensuring that trades are executed quickly and efficiently. The broker's servers are strategically located to enhance execution speed and reliability. Additionally, the platform offers API access, enabling traders to integrate their trading strategies with external tools and systems.

5. Account Types and Trading Conditions

　　Victory International Futures offers two primary account types: the Mini Account and the Regular Account.

• 　　Mini Account:

• 　　Minimum Deposit: $1,000

• 　　Spread: Starting from 3 pips

• 　　Commission: $2.5 per 0.1 lot per side

• 　　Leverage: Up to 1:100

• 　　Minimum Trade Size: 0.1 lots

• 　　Regular Account:

• 　　Minimum Deposit: $10,000

• 　　Spread: Starting from 3 pips

• 　　Commission: $25 per lot per side

• 　　Leverage: Up to 1:100

• 　　Minimum Trade Size: 1 lot

　　Both accounts offer competitive trading conditions, but the higher minimum deposit for the Regular Account may limit access for some traders. Victory International Futures also provides a demo account for traders to practice their strategies without financial risk.

6. Fund Management

　　Victory International Futures supports bank wire transfers as the primary method for both deposits and withdrawals. The minimum deposit requirement is $1,000 for the Mini Account and $10,000 for the Regular Account.

　　Deposits are processed quickly, typically within one business day. However, there are no specific details available regarding withdrawal processing times or fees, which may vary based on the client's bank policies. It's important to note that all wire transfers are final, meaning that clients should ensure they are comfortable with their decision before making a deposit.

7. Customer Support and Educational Resources

　　Victory International Futures provides customer support through various channels, including:

• Phone: +62 31 9924 8699
• Email: settlement@vifx.co.id
• Online Chat: Available on the website

　　The support team is accessible from Monday to Friday, offering assistance in multiple languages to cater to its diverse client base.

　　In terms of educational resources, Victory International Futures offers limited materials, primarily FAQs and guides on account setup and trading procedures. Traders seeking in-depth educational content may need to rely on third-party resources for comprehensive training.

8. Regional Coverage and Restrictions

　　Victory International Futures primarily serves clients in Indonesia and surrounding regions. The broker has established a presence in Southeast Asia, with a focus on providing trading services to local traders. However, it does not accept clients from certain jurisdictions, including the United States and countries with stricter regulatory requirements.

　　The company maintains a central office in Surabaya, Indonesia, and operates without any significant restrictions in its primary markets. However, traders should verify their eligibility based on local regulations before opening an account.

　　In summary, Victory International Futures broker provides a range of trading products and services within a regulated framework, although potential clients should be aware of the higher minimum deposit requirements and limited educational resources. As always, it is advisable to conduct thorough research and consider personal trading needs before engaging with any brokerage.