VIBHS Forex Broker provides real users with 1 positive reviews, * neutral reviews and * exposure review!
Software Index
Risk Control
I think I can trade profitably. Therefore, I only needed to find a well regulated broker to trade with. I was advised by VIBHS. This broker has been working for a long time and has a good reputation. It was very important for me!
VIBHS, a UK-based forex and CFD broker, has garnered attention for its competitive trading conditions and regulatory compliance. This review synthesizes various insights from user experiences and expert opinions, highlighting both the strengths and weaknesses of the platform. Key features include its use of the popular MetaTrader 4 platform and regulation by the FCA, providing a level of security for traders.
Note: It's important to consider that VIBHS operates under different entities across regions, which may affect user experience and regulatory protections. This review employs a comprehensive methodology to ensure fairness and accuracy in assessing VIBHS.
| Category | Rating (out of 10) |
|---|---|
| Account Conditions | 7.5 |
| Tools and Resources | 6.5 |
| Customer Service and Support | 8.0 |
| Trading Experience | 8.5 |
| Trustworthiness | 8.7 |
| User Experience | 7.0 |
How We Score Brokers: Our scoring system is based on a combination of user reviews, expert opinions, and factual data regarding broker services.
Founded in 2013, VIBHS Financial Ltd. is a prominent player in the online trading space, offering a range of instruments including forex, indices, commodities, and stock CFDs. The broker is regulated by the Financial Conduct Authority (FCA) in the UK, which is recognized for its stringent regulatory standards. VIBHS operates on the widely used MetaTrader 4 platform, providing traders with a familiar and efficient trading environment.
Regulated Regions: VIBHS is primarily regulated by the FCA, which enhances its credibility and ensures compliance with high operational standards. However, the broker is only regulated by one body, which some traders may view as a limitation.
Deposit/Withdrawal Currencies: VIBHS supports multiple base currencies, including GBP, EUR, and USD, facilitating ease of use for traders from different regions. However, the lack of cryptocurrency withdrawal options may be a drawback for those interested in digital assets.
Minimum Deposit: To open a live trading account, VIBHS requires a minimum deposit of $200, which is considered reasonable compared to other brokers in the industry.
Bonuses/Promotions: Currently, VIBHS does not prominently feature any bonuses or promotional offers, which may be a consideration for traders seeking additional incentives.
Tradable Asset Classes: The broker offers a selection of over 200 instruments, including major currency pairs, commodities, and indices. However, the absence of cryptocurrency trading options may limit appeal to some traders.
Costs (Spreads, Fees, Commissions): VIBHS boasts competitive pricing with spreads starting from 0.0 pips on major currency pairs. However, traders should be aware of potential swap fees and inactivity charges, which are common across the industry.
Leverage: The broker offers leverage up to 1:30 for retail clients, adhering to FCA regulations. While this may be lower than what some brokers offer, it is designed to protect traders from excessive risk.
Allowed Trading Platforms: VIBHS exclusively provides the MetaTrader 4 platform, which is well-regarded for its user-friendly interface and extensive features, including automated trading capabilities.
Restricted Regions: While VIBHS is accessible to UK traders, there are restrictions in place for clients from certain countries, which may limit its global reach.
Available Customer Support Languages: VIBHS offers customer support primarily in English, with 24/7 availability through live chat, email, and phone. Users have reported prompt and helpful responses, enhancing the overall customer service experience.
| Category | Rating (out of 10) |
|---|---|
| Account Conditions | 7.5 |
| Tools and Resources | 6.5 |
| Customer Service and Support | 8.0 |
| Trading Experience | 8.5 |
| Trustworthiness | 8.7 |
| User Experience | 7.0 |
Account Conditions: VIBHS offers a straightforward account setup with competitive minimum deposit requirements. However, the limited number of account types may not cater to all trader preferences.
Tools and Resources: While VIBHS provides essential trading tools and access to the MT4 platform, the lack of comprehensive educational resources may be a drawback for novice traders.
Customer Service and Support: The broker's 24/7 customer support is a strong point, with users praising the responsiveness and expertise of the support team.
Trading Experience: VIBHS excels in providing a seamless trading experience with fast execution and low spreads, making it attractive for both beginners and experienced traders.
Trustworthiness: The FCA regulation and the broker's commitment to safeguarding client funds through segregated accounts enhance its trustworthiness, earning it a high score in this category.
User Experience: Overall user experiences have been positive, though some traders have expressed concerns regarding the limited selection of trading instruments.
In conclusion, the VIBHS review indicates that it is a reliable broker for traders looking for a secure and competitive trading environment. While it may not cater to every trader's needs, especially those seeking a broader range of instruments, its regulatory compliance and strong customer service make it a commendable choice for many. As always, prospective traders should conduct their own research to ensure VIBHS aligns with their trading goals and preferences.
