VICTORY INTERNATIONAL FUTURES Forex Broker

Victory International Futures Forex Broker - Complete Information Guide

1. Broker Overview

Victory International Futures is a financial services provider founded in 2003. The company is headquartered in Surabaya, Indonesia, specifically located at Pakuwon Center Superblock Tunjungan City Office Building, Lt. 15 Unit 5-7, Jl. Embong Malang No. 1, 3, 5. As a private company, it primarily serves retail clients and institutional investors in the foreign exchange market, stock indices, and commodities.

Since its inception, Victory International Futures has established itself as a reputable broker in the Indonesian market. The company has achieved several milestones, including obtaining regulatory licenses from the Indonesian government, which have enhanced its credibility among traders. Victory International Futures operates under a retail forex license issued by the Badan Pengawas Perdagangan Berjangka Komoditi (Bappebti), the regulatory agency responsible for overseeing commodity and futures trading in Indonesia.

The business model of Victory International Futures is primarily focused on retail forex trading, providing clients with access to various financial instruments, including currency pairs, CFDs on indices, and commodities. This diverse offering allows traders to engage in different market segments, catering to various trading strategies and preferences.

2. Regulatory and Compliance Information

Victory International Futures is regulated by two main authorities:

• Bappebti (Badan Pengawas Perdagangan Berjangka Komoditi)
• License Number: 558/Bappebti/si/xii/2004
• Scope: Retail forex trading in Indonesia
• ICDX (Indonesia Commodity and Derivatives Exchange)
• License Number: 041/sp kb/icdx/dir/ix/2010
• Scope: Trading in commodities and derivatives

The licenses held by Victory International Futures ensure that the broker operates within the legal framework established by Indonesian authorities. However, it is important to note that the regulatory environment in Indonesia is not as stringent as in other regions, such as the UK or EU. Consequently, the investor protection measures may not be as robust.

Victory International Futures employs a client fund segregation policy, which means that client funds are kept in separate accounts from the company's operational funds. However, there is no specific investor compensation fund available for clients in the event of broker insolvency. The broker adheres to KYC (Know Your Customer) and AML (Anti-Money Laundering) compliance measures to ensure the integrity of its operations and protect clients' funds.

3. Trading Products and Services

Victory International Futures offers a variety of trading products, catering to diverse trading preferences. The key offerings include:

• Forex Currency Pairs: The broker provides access to major currency pairs such as EUR/USD, GBP/USD, and USD/JPY, among others. The total number of forex pairs available for trading is extensive, allowing traders to engage in various market strategies.

• CFD Products: Clients can trade CFDs on commodities, indices, and precious metals. This includes popular instruments like gold (XAU/USD) and silver (XAG/USD). However, the availability of stocks and cryptocurrencies is limited.

• Special Products: Victory International Futures does not offer unique or proprietary trading instruments but focuses on conventional market offerings.

The broker regularly updates its product offerings based on market demand and trends, ensuring that clients have access to relevant trading instruments. Retail trading services are the primary focus, while institutional services and white-label solutions are not prominently featured.

4. Trading Platform and Technology

Victory International Futures supports the MetaTrader 5 (MT5) trading platform, which is widely recognized for its advanced trading capabilities. The features of MT5 include:

• Multi-Asset Trading: MT5 allows trading across various asset classes, including forex, commodities, and indices.
• Automated Trading: The platform supports algorithmic trading through Expert Advisors (EAs), enabling traders to automate their strategies.
• Mobile Trading: MT5 is available on both iOS and Android devices, providing traders with the flexibility to manage their accounts on the go.

Victory International Futures does not have a proprietary trading platform, relying instead on MT5 for its user interface and trading functionalities. The broker operates on a market-making execution model, ensuring fast order execution and minimal slippage. The technical infrastructure is robust, with servers positioned to facilitate efficient trade execution.

5. Account Types and Trading Conditions

Victory International Futures offers two main account types:

• Mini Account:

• Minimum Deposit: $1,000

• Spread: Starts from 3 pips

• Commission: $2.50 per 0.1 lot per side

• Leverage: Up to 1:100

• Minimum Trade Size: 0.1 lots

• Regular Account:

• Minimum Deposit: $10,000

• Spread: Starts from 3 pips

• Commission: $25 per lot per side

• Leverage: Up to 1:100

• Minimum Trade Size: 1 lot

Victory International Futures also provides a demo account for new traders to practice trading strategies without financial risk. The leverage offered is consistent across account types, allowing traders to amplify their positions. However, the overnight fees and specific policies regarding them are not prominently detailed.

6. Fund Management

Victory International Futures supports the following deposit and withdrawal methods:

• Deposit Methods: Bank wire transfer is the only available method for funding accounts.
• Minimum Deposit Requirement: $1,000 for the mini account and $10,000 for the regular account.
• Deposit Processing Time: Typically processed within a few business days, but specific times may vary.
• Deposit Fees: No fees are charged by the broker, but banks may impose their own charges.
• Withdrawal Methods: Withdrawals are also processed via bank wire transfer.
• Withdrawal Processing Time: The processing time for withdrawals is generally similar to deposits, but clients are advised to check for specific timelines.
• Withdrawal Fees: Victory International Futures does not charge withdrawal fees, although bank fees may apply.

7. Customer Support and Educational Resources

Victory International Futures provides customer support through multiple channels:

• Support Channels: Phone, email, live chat, and social media platforms.
• Service Hours: Support is available 24/5, covering weekdays.
• Multilingual Support: The broker offers support in several languages, catering primarily to its Indonesian clientele.

While the broker has some educational resources, such as FAQs and guides on using the trading platform, there are no extensive training programs, webinars, or comprehensive educational materials available for clients. Market analysis services, including daily updates and research reports, are also limited.

8. Regional Coverage and Restrictions

Victory International Futures primarily serves clients in Indonesia, with a growing presence in Thailand and Singapore. The broker does not accept clients from certain regions, including the United States, New Zealand, and other countries where regulatory restrictions apply.

The company's operations and services are designed to cater to the local market, but it also aims to attract clients from neighboring countries. However, potential clients should be aware of the limitations and ensure compliance with local regulations before engaging with the broker.

In summary, Victory International Futures is a regulated broker in Indonesia that offers a range of trading products and services through the MetaTrader 5 platform. While it provides access to various financial instruments, potential clients should carefully consider the trading conditions, regulatory environment, and support services before opening an account.