Victory International Futures Information
Victory International Futures, formed in 2004 and based in Indonesia, is a BAPPEBTI and ICDX-regulated broker that trades forex and commodities futures. It supports MetaTrader 5 and offers a demo account, but does not mention Islamic accounts. The broker charges fixed spreads and commissions according with local industry standards.
Pros and Cons
Is Victory International Futures Legit?
Yes, Indonesian forex broker Victory International Futures (PT. Victory International Futures) is regulated. It has a Retail Forex License from BAPPEBTI (558/BAPPEBTI/SI/XII/2004) and an ICDX license (041/SPKB/ICDX/DIR/IX/2010). Dual licenses verify the company's legality and conformity with Indonesian financial and trading laws.
What Can I Trade on Victory International Futures?
Victory International Futures has over 30 trading instruments, such as currencies, precious metals (gold and silver), oil, and U.S. stock indices. The broker supports numerous asset classes for diversified trading, but it doesn't say how many currency pairings or indices there are.
Account Type
Victory International Futures has two kinds of live trading accounts: the Regular Account and the Mini Account. The broker doesn't say anything about Islamic (swap-free) accounts, but they do have a demo account.
Leverage
Both Regular and Mini accounts at Victory International Futures can use leverage up to 1:100. Leverage can make profits bigger, but it can also make losses bigger.
Victory International Futures Fees
Victory International Futures' trading fees are equivalent to Indonesian industry standards. The broker charges set spreads and commissions but does not disclose swap rates or variable fees.
Trading Platform
Indonesia
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money in our account is too much, we have to pay 30% tax first, in amount of 773,220 baht, before that money can not be withdrawn.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
FX3561375592
Hong Kong
My money cannot be withdrawn from the fake VIF. The profits they claimed in Moments on 18th Dec is 8 to 10 times. There are programmers who guide us to copy the order. But I cannot withdraw funds, saying that the bank card number is wrong and that the credit score has fallen, which has to be made up first.
Exposure
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.
Neutral
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.
Neutral
郭纳宁
Hong Kong
The account opening fee is too high! Spreads and commissions are also higher than the average, not competitive, only the trading platform performance is not bad, providing a well-known MT5 trading platform in the industry, demo accounts are also available.
Neutral