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.
Victory International Futures is regulated by two main authorities:
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.
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.
Victory International Futures supports the MetaTrader 5 (MT5) trading platform, which is widely recognized for its advanced trading capabilities. The features of MT5 include:
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.
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.
Victory International Futures supports the following deposit and withdrawal methods:
Victory International Futures provides customer support through multiple channels:
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.
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.
tmkserrolling
Malaysia
Trading with Victory International Futures (VIF) has been quite the journey. It's comforting to know they're a licensed player in Indonesia – adds a layer of security to my investments. The variety of market instruments opens up endless possibilities, and having different account types makes it accessible for all. Leverage can be a game-changer, though I'm keeping my eyes on potential trading costs. The demo account is a nifty touch for practicing, but staying on top of market changes is key. All in all, a solid experience.
37130
2023-12-01
jaa3835
Thailand
Deposited money into the platform in amount of 710,000 baht and then played trading in the platform of VIF and had a balance in platform in amount of 2577400 baht, so sent a withdrawal request to service department. But instead was told that the money in our account is too much, we have to pay 30% tax first, in amount of 773,220 baht, before that money can not be withdrawn.
Exposure
2023-07-06
Alexwang
New Zealand
Venturing into the trading world with Victory International Futures (VIF) has its perks and pitfalls. The licensing in Indonesia brings a sense of reliability, and the diverse market instruments keep things interesting. It's accommodating to different wallets, but the risks of market volatility are real. Leverage spices up the game, but I'm wary of possible trading costs. The demo account is a good warm-up, yet I wish there was more flexibility in account features. Powerful platforms are at my fingertips, but the higher minimum account opening gave me a pause. It's a balancing act, but I'm learning the ropes.
37130
2023-12-04