Victory International Futures Forex Broker provides real users with * positive reviews, 1 neutral reviews and * exposure review!
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My friend in Indonesia recommended me Victory International Futures, but he didn't tell me that the company only provides services in Indonesian, hahaha. I couldn't read it at all.
Victory International Futures, a broker based in Indonesia, has garnered attention for its trading services in the forex market. This review synthesizes various insights from multiple sources, presenting a balanced view of the broker's offerings, user experiences, and expert opinions. Overall, Victory International Futures is considered a moderately risky broker, with a regulatory framework that may not provide the same level of protection as those found in more established jurisdictions.
Note: It is crucial to recognize that the broker operates under different regulatory entities, which can impact the level of oversight and client protection. This review aims for fairness and accuracy, taking into account the varying perspectives on the broker's legitimacy and services.
| Category | Rating (out of 10) |
|---|---|
| Account Conditions | 6.0 |
| Tools and Resources | 5.5 |
| Customer Service and Support | 6.2 |
| Trading Setup (Experience) | 5.8 |
| Trustworthiness | 5.4 |
| User Experience | 6.0 |
We rate brokers based on a comprehensive analysis of user feedback, expert reviews, and factual data.
Founded in 2004, Victory International Futures operates under the regulation of the Badan Pengawas Perdagangan Berjangka Komoditi (BAPPEBTI) and the Indonesia Commodity and Derivatives Exchange (ICDX). The broker primarily offers trading services on the MetaTrader 5 (MT5) platform, renowned for its advanced trading capabilities and user-friendly interface. Victory International Futures provides access to a diverse range of trading instruments, including major currency pairs, CFDs on metals, indices, and energies. However, it is important to note that the broker's regulatory framework is not as robust as those found in leading jurisdictions, which could raise concerns for potential traders.
Regulated Geographical Areas:
Victory International Futures is regulated in Indonesia, which is a tier-2 jurisdiction. While it holds valid licenses from BAPPEBTI and ICDX, the regulatory oversight may not be as stringent as that of tier-1 jurisdictions like the UK or the US. This could limit the protections available to traders, especially those operating from regions with strict regulations.
Deposit/Withdrawal Currency/Cryptocurrency:
The broker accepts deposits solely through bank transfers, which can limit flexibility for traders accustomed to using various payment methods. The minimum deposit requirement is set at $1,000 for the mini account and $10,000 for the regular account, which some users find prohibitively high compared to other brokers that offer lower entry points.
Bonuses/Promotions:
Currently, there are no notable bonuses or promotions offered by Victory International Futures. This could be seen as a drawback for traders looking for additional incentives to engage with the broker.
Tradeable Asset Classes:
Victory International Futures offers a limited selection of trading instruments. While it provides access to major currency pairs and some CFDs, the overall asset range is less diverse compared to competitors. This could restrict traders looking to diversify their portfolios across multiple asset classes.
Costs (Spreads, Fees, Commissions):
Spreads at Victory International Futures start from 3 pips, which is relatively high compared to industry standards. Additionally, the broker charges a commission of $25 per lot on the regular account and $2.5 per 0.1 lot on the mini account. Such fees may deter cost-conscious traders, especially when compared to other brokers offering lower spreads and commissions.
Leverage:
The maximum leverage offered is 1:100, which is considered conservative compared to the higher leverage ratios available in other markets. While this may provide a safer trading environment, it could also limit potential profits for experienced traders who prefer to use higher leverage.
Allowed Trading Platforms:
Victory International Futures exclusively offers the MetaTrader 5 platform, which is known for its advanced features and capabilities. However, the lack of additional platform options may limit flexibility for traders who prefer different trading environments.
Restricted Areas:
The broker is not available in certain regions, including New Zealand, which could affect traders looking to operate from those areas.
Available Customer Service Languages:
Customer support at Victory International Futures is available in multiple languages, catering primarily to its Indonesian clientele. However, the overall effectiveness of customer service has received mixed reviews, with some users expressing concerns over response times and support quality.
| Category | Rating (out of 10) |
|---|---|
| Account Conditions | 6.0 |
| Tools and Resources | 5.5 |
| Customer Service and Support | 6.2 |
| Trading Setup (Experience) | 5.8 |
| Trustworthiness | 5.4 |
| User Experience | 6.0 |
Account Conditions (6.0):
The minimum deposit requirements are relatively high, which may deter novice traders. However, the availability of a demo account allows users to familiarize themselves with the platform before committing real funds.
Tools and Resources (5.5):
Victory International Futures provides essential trading tools, including a trader's calculator and economic calendar. However, the lack of educational resources may leave novice traders seeking additional learning materials.
Customer Service and Support (6.2):
The broker offers multiple communication channels for support, including phone and email. However, the effectiveness of customer service has been called into question by some users.
Trading Setup (Experience) (5.8):
The MT5 platform is robust and user-friendly, but the limited asset range and relatively high trading costs may impact the overall trading experience.
Trustworthiness (5.4):
While Victory International Futures is regulated, the tier-2 status of its regulatory bodies raises concerns about the level of protection offered to traders.
User Experience (6.0):
Overall user reviews are mixed, with some traders appreciating the broker's features while others express dissatisfaction with the high costs and limited asset selection.
In conclusion, the Victory International Futures review presents a broker that offers a range of trading services but comes with notable drawbacks, particularly regarding costs and regulatory oversight. Potential traders should weigh these factors carefully before deciding to engage with this broker.
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