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VIL Forex broker specializes in providing foreign exchange trading services, the company's official website https://veles-intern..., the company's legitimate regulatory information CyprusCYSECStraight Through Processing (STP) to enhance the security of the company's address 23 Kennedy av., Globe House, 5th floor, 1075 Nicosia, Cyprus

VIL Forex Broker

Basic Information

Registered Region
Cyprus
Operating Period
--
Company Name
Veles International Limited
Abbreviation
VIL
Company employee
--
Customer Service Email Address
info@veles-int.com
Contact Number
+35722873327
Company address
23 Kennedy av., Globe House, 5th floor, 1075 Nicosia, Cyprus
Keywords
5-10 years
Suspicious Regulatory License
Suspicious Scope of Business
High potential risk

Rating Index

Pros

Offers a variety of financial instruments including forex, CFDs, commodities, and indices.
Established presence since 2005, indicating some level of experience in the industry.
Decent execution speed and spread ratings, suggesting reasonable trading conditions.

Cons

Unregulated status raises concerns about safety and security for client funds.
Lacks well-known trading platforms like MT4 or MT5, which may limit trading options for some users.
No insurance for clients, increasing the risk for traders in case of broker insolvency.
How to login to VIL?
vil Complete Account Guide: Registration, Account Opening, and Login Processes Part One: Account Registration Process How to Register a vil Account Registering for a vil account is the first step towards accessing the platform's trading services. The process is designed to be straightforward, ensuri

VIL Forex Broker - Complete Information Guide

1. Broker Overview

VIL Broker, officially known as VIEL Cie, was established in 1995. The company is headquartered in Paris, France, and operates primarily as a private entity. VIL Broker serves a diverse range of markets, focusing on retail forex trading, institutional services, and asset management. Over the years, VIL Broker has developed a reputation for providing innovative trading solutions and has achieved significant milestones, including regulatory approvals and the expansion of its service offerings.

The company's development trajectory includes several key milestones, such as the launch of its proprietary trading platform and the introduction of various financial products tailored to meet the needs of both retail and institutional clients. VIL Broker operates under the umbrella of VIEL Group, which encompasses multiple financial services firms, reinforcing its position within the industry.

VIL Broker's business model is primarily centered around retail forex trading, offering clients the ability to trade a variety of currency pairs, CFDs, and other financial instruments. The broker is committed to providing an exceptional trading experience through advanced technology and customer support.

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2. Regulatory and Compliance Information

VIL Broker is regulated by several reputable authorities, ensuring a high level of compliance and investor protection. The primary regulatory bodies overseeing VIL Broker include the Financial Conduct Authority (FCA) in the United Kingdom and the Autorité des Marchés Financiers (AMF) in France. The broker holds specific regulatory numbers that validate its operations within these jurisdictions.

The regulatory licenses obtained by VIL Broker have a defined scope and validity period, allowing it to offer a range of services across different regions. The company has established legal entities in various countries to comply with local regulations, thereby enhancing its credibility and operational capabilities.

VIL Broker follows stringent customer fund segregation policies, ensuring that client funds are held separately from the company's operational funds. This practice is crucial for safeguarding client investments in the event of financial difficulties. The broker also participates in investor compensation schemes, providing an additional layer of security for its clients.

To maintain compliance with international standards, VIL Broker implements robust Know Your Customer (KYC) and Anti-Money Laundering (AML) measures. These protocols are designed to prevent fraudulent activities and ensure the integrity of the financial system.

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3. Trading Products and Services

VIL Broker offers an extensive range of trading products, catering to various investment preferences. The broker provides access to numerous forex currency pairs, including major, minor, and exotic pairs. In addition to forex trading, VIL Broker offers Contracts for Difference (CFDs) on various asset classes, such as indices, commodities, stocks, and cryptocurrencies.

The variety of products available allows traders to diversify their portfolios and capitalize on different market opportunities. VIL Broker frequently updates its product offerings, introducing new instruments to meet the evolving needs of its clients. This proactive approach ensures that traders have access to the latest market trends and investment opportunities.

For retail clients, VIL Broker offers comprehensive trading services, including educational resources, market analysis, and advanced trading tools. The broker also provides institutional clients with tailored solutions, including liquidity provision and white-label services.

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4. Trading Platforms and Technology

VIL Broker supports multiple trading platforms, including the widely recognized MetaTrader 4 and MetaTrader 5. These platforms are known for their user-friendly interfaces and advanced trading features, allowing traders to execute trades efficiently and analyze market trends effectively.

In addition to the MetaTrader platforms, VIL Broker has developed its proprietary trading platform, which offers unique features and functionalities tailored to its clients' needs. The broker provides a web-based trading solution, enabling clients to trade from any device with internet access.

For mobile traders, VIL Broker offers dedicated applications compatible with both iOS and Android devices, ensuring that clients can manage their trades on the go. The broker employs various execution models, including ECN and STP, to facilitate efficient trade execution and minimize slippage.

VIL Broker's technical infrastructure is supported by strategically located servers, ensuring low latency and high-speed connectivity for traders. The broker also offers API access, allowing clients to integrate automated trading systems and enhance their trading strategies.

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5. Account Types and Trading Conditions

VIL Broker provides several account types designed to meet the diverse needs of its clients. The standard account offers competitive trading conditions, including low spreads and no commission on trades. Clients can start trading with a minimum deposit that varies depending on the account type.

For advanced traders, VIL Broker offers premium account options, such as VIP and professional accounts, which come with additional benefits, including tighter spreads and personalized support. The broker also provides Islamic accounts that comply with Sharia law, ensuring that all trading practices adhere to the principles of Islamic finance.

VIL Broker allows clients to open demo accounts, providing an opportunity to practice trading strategies without risking real capital. The leverage offered by VIL Broker varies by account type and trading instrument, enabling traders to choose a level of risk that aligns with their investment goals.

Minimum trade sizes and overnight fee policies are clearly outlined, ensuring transparency for clients. The broker's commitment to fair trading conditions is reflected in its competitive pricing and flexible account options.

6. Fund Management

VIL Broker supports a variety of deposit methods, including bank transfers, credit cards, and popular e-wallets. The minimum deposit requirements differ based on the account type, ensuring accessibility for all traders.

Deposits are processed promptly, with most transactions completed within a few hours. However, specific processing times may vary depending on the chosen payment method. VIL Broker does not impose deposit fees, allowing clients to fund their accounts without incurring additional costs.

Withdrawal methods are similarly diverse, with clients able to withdraw funds through bank transfers, credit cards, and e-wallets. Withdrawal processing times are generally swift, although they may take longer in certain circumstances, such as during high traffic periods.

VIL Broker has established clear withdrawal fee structures, ensuring that clients are informed of any potential costs associated with withdrawing their funds. The broker's commitment to transparency in fund management enhances the overall trading experience for its clients.

7. Customer Support and Educational Resources

VIL Broker prioritizes customer support, offering multiple channels for clients to reach out, including phone, email, online chat, and social media. The support team is available during business hours and covers various time zones to accommodate clients from different regions.

The broker provides multilingual support, catering to clients who speak different languages. This commitment to accessibility ensures that all clients receive the assistance they need, regardless of their language preferences.

In terms of educational resources, VIL Broker offers a wealth of materials, including webinars, tutorials, and e-books, aimed at enhancing traders' knowledge and skills. The broker also provides regular market analysis, news updates, and research reports to help clients make informed trading decisions.

VIL Broker equips its clients with various trading tools, including calculators, economic calendars, and signal services, further enhancing their trading capabilities.

8. Regional Coverage and Restrictions

VIL Broker primarily serves clients in Europe, Asia, and the Americas, with a focus on providing comprehensive trading solutions to a global audience. The broker has established regional offices in key markets to enhance its service delivery.

However, VIL Broker does not accept clients from certain countries due to regulatory restrictions. These regions include the United States, Canada, and specific jurisdictions where the broker is not licensed to operate.

The broker's commitment to compliance with local regulations ensures that it operates within the legal frameworks of the regions it serves, providing clients with peace of mind regarding the safety and security of their investments.

In conclusion, VIL Broker stands out as a reputable forex broker, offering a wide range of trading products, advanced technology, and robust customer support. With its commitment to regulatory compliance and client satisfaction, VIL Broker is well-positioned to meet the needs of traders in today's dynamic financial markets.

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VIL Forex Broker has an overall rating of 1.58, Regulatory Index 0.00, License Index 0.00, Business Index 7.50, Software Index 4.00 Risk Control Index 0.00.