Overview of Victory International Futures
Founded in Indonesia in 2018, Victory International Futures specializes in forex trading, with a primary focus on the foreign exchange market. This specialization caters to traders interested in major, minor, and exotic currency pairs, enabling speculations on currency price movements. With a diverse selection of over 60 currency pairs, traders can engage in both short-term and long-term forex trading. Utilizing the advanced MetaTrader 5 (MT5) platform, Victory International Futures offers traders a versatile toolset for efficient trading, technical analysis, and real-time market data. However, Victory International Futures operates without regulatory oversight, providing flexibility but also exposing traders to inherent risks due to the absence of safeguards.
Is Victory International Futures legit or a scam？
Victory International Futures operates without regulation from any governing authority. While this lack of regulation may offer flexibility, it also presents inherent risks. Without oversight, there is no guarantee of the firm's financial stability, operational transparency, or adherence to industry standards. The absence of regulatory control can leave customers and investors vulnerable to potential misconduct or malpractices. Moreover, dispute resolution and protection mechanisms typically provided by regulatory authorities may not be available. Therefore, individuals and organizations should exercise caution when dealing with unregulated financial entities like Victory International Futures, as they may lack the safeguards and protections associated with regulatory oversight.
Pros and Cons
Pros:
Competitive Spreads and Leverage: Victory International Futures offers competitive spreads starting from 0.8 pips. These low spreads can potentially reduce trading costs.
Accessible Customer Support:Victory International Futures offers accessible and responsive customer support services to assist their clients.
Comprehensive Educational Resources:Victory International Futures provides a wide range of educational resources catering to traders at different levels of expertise. These resources include video tutorials, ebooks, and webinars.
MT5 Trading Platform: Victory International Futures utilizes the advanced MetaTrader 5 (MT5) trading platform. MT5 offers a versatile toolset for technical analysis, real-time market data, and efficient order execution.
Various Deposit Methods: Victory International Futures supports a variety of payment methods, including wire transfers, bank transfers, credit cards, debit cards, PayPal, Skrill, and Neteller.
Cons:
Lack of Regulatory Oversight: Victory International Futures operates without regulation from any governing authority. This lack of regulation offers flexibility but also presents inherent risks.
Limited Trading Assets: Victory International Futures primarily focuses on forex trading, specializing in the foreign exchange market.
Market Instruments
Victory International Futures specializes in forex trading, focusing on the foreign exchange market. This specialization allows traders to participate in the trading of major, minor, and exotic currency pairs. Forex trading enables speculations on the price movements of currencies against each other, catering to traders interested in the forex market.
Victory International Futures offers trading in over 60 currency pairs, including major, minor, and exotic currencies. Forex trading is a popular way to trade on the movement of currencies against each other. Forex traders can speculate on short-term or long-term price movements.
Account Types
Victory International Futures offers a Standard account designed to meet the needs of traders. This account features competitive spreads starting from 0.8 pips, allowing for cost-effective trading. With a leverage of 1:400, traders can amplify their positions. A reasonable commission of $10 is applied, and the minimum deposit requirement is accessible at $500. Traders can operate with an order size of 0.1 lot and benefit from the advanced MetaTrader 5 technology. Importantly, this account complies with Indonesian regulations, ensuring it is a legal and secure option for traders. It also provides support for Expert Advisors (EAs) and signal trading, enhancing trading opportunities.
How to Open an Account？
To open an account with Victory International Futures, follow these six steps:
Visit the Official Website:
Start by visiting the official Victory International Futures website. You can do this by entering the web address in your internet browser or through a search engine.
Navigate to Account Registration:
Once on the website, locate the section that allows you to register for an account. This is typically labeled as “Open an Account” or “Register.” Click on this section to begin the registration process.
Provide Personal Information:
You will be prompted to enter your personal information. This may include your full name, contact details (email address, phone number), and address. Ensure that the information you provide is accurate.
Select Account Type:
Victory International Futures offers a Standard account. During the registration process, you will need to choose this account type. It's important to consider your trading needs and preferences before making this selection.
Complete Required Documentation:
Prepare the necessary documentation as requested by Victory International Futures. Typically, this will include identification documents, proof of address, and possibly financial information. Be ready to upload these documents during the registration process.
Submit Application and Verification:
Fill out the application form provided on the website and double-check all details for accuracy. Once your application is submitted, Victory International Futures will review the information and documents. The verification process may take some time as the broker needs to confirm your identity and assess your eligibility.
After the verification process is complete, Victory International Futures will provide you with the necessary details to access your new account. This typically includes login credentials and instructions on how to fund your account.
Leverage
Victory International Futures offers leverage of 1:400, allowing traders to control larger positions with a relatively smaller amount of capital. Leverage amplifies potential gains and losses in trading, making it a significant factor to consider in risk management.
Spreads & Commissions
Victory International Futures offers competitive spreads starting from 0.8 pips in their Standard account. They apply a commission of $10 per trade, which is a cost traders need to consider alongside spreads when executing their trades.
Trading Platform
Victory International Futures utilizes the MetaTrader 5 (MT5) trading platform, known for its advanced features and user-friendly interface. MT5 provides traders with a versatile toolset for technical analysis, real-time market data, and efficient order execution. This platform supports various asset classes, including forex, commodities, and equities, offering diversification opportunities.
Traders can access MT5 on desktop, web, or mobile devices, providing flexibility and convenience for those on the go. It allows for the use of Expert Advisors (EAs) and provides customizable indicators, enhancing the trading experience. MT5 also supports one-click trading and a built-in economic calendar to keep traders informed about market events.
While the MT5 platform offers numerous advantages, it's essential to note that its effectiveness depends on traders' experience and trading strategies.
Deposit & Withdrawal
Victory International Futures indeed offers an extensive list of payment methods to suit different customer needs. You have the option to make your deposit through a wire transfer, bank transfer, credit card, and debit card. They also accept digital payment platforms such as PayPal, Skrill, and Neteller, giving you the flexibility to choose the most convenient method for you.
The minimum deposit required for opening a Victory International Futures account is $500. It's worth noting that while they generally process payments within 24 hours, it may take up to 3 business days. This timeline can vary depending on the specific payment method used.
Customer Support
Victory International Futures provides accessible and responsive customer support services to assist their clients. You can reach out to them through the following contact details:
Address:
Sona Topas Tower Fl. 20
Jl. Gen. Sudirman No.26 RT04/RW 02
Kel. Brass, Rubber, Kec. Setiabudi
South Jakarta, DKI Jakarta – 12920
Email:vifxpro@vifx.co
Phone/Whatsapp:
0878-8081-9277
0878-8989-3863
Their dedicated team is ready to address inquiries, provide assistance, and ensure that clients receive the support they need for a seamless trading experience.
Educational Resources
Victory International Futures offers a comprehensive range of educational resources to support traders at different levels of expertise:
Video Forex for Beginners: These videos are tailored for novice traders, providing foundational knowledge to understand the Forex market. They cover essential concepts, terminology, and basic trading strategies.
Advanced Forex Videos: For traders looking to deepen their expertise, Victory International Futures offers advanced Forex videos. These delve into more complex trading strategies and in-depth market analysis.
Expert Forex Videos: Tailored for seasoned traders, these videos explore advanced trading techniques, risk management, and expert-level strategies to maximize profits.
MetaTrader5 (MT5) Tutorial Videos: These tutorials guide users through the functionalities of the MT5 trading platform, ensuring traders can efficiently navigate the platform for effective trading.
Beginner's Educational Ebooks: These resources cater to newcomers, offering comprehensive guides to start their trading journey. Ebooks cover the basics of Forex, risk management, and the significance of various market indicators.
Advanced Educational Ebooks: Designed for traders seeking to enhance their knowledge, these ebooks provide in-depth insights into advanced trading strategies, technical analysis, and market dynamics.
Victory International Futures' educational resources ensure traders have access to a wide range of materials to enhance their trading skills and knowledge, from foundational to expert levels.
Conclusion
Victory International Futures specializes in forex trading with a focus on major, minor, and exotic currency pairs. The broker offers competitive spreads, accessible customer support, and a wealth of educational resources, making it attractive to traders of varying expertise. Operating with MetaTrader 5 (MT5), Victory International Futures provides a versatile platform. However, the absence of regulatory oversight poses inherent risks, affecting financial stability and transparency. Additionally, the broker's primary focus on forex trading may limit diversification options for those seeking a broader range of asset classes. Pros include competitive spreads and comprehensive educational resources, while cons encompass regulatory risks and limited trading assets.
FAQs
Q: How can I open an account with Victory International Futures？
A: To open an account, visit the official website, complete the registration, select your account type, submit required documentation, and follow the verification process.
Q: What are the minimum deposit requirements for a Victory International Futures account？
A: The minimum deposit for a Victory International Futures account is $500.
Q: Which trading platform does Victory International Futures use？
A: Victory International Futures utilizes the MetaTrader 5 (MT5) trading platform.
Q: Does Victory International Futures offer support for Expert Advisors (EAs)？
A: Yes, Victory International Futures provides support for Expert Advisors (EAs) to enhance your trading.
Q: How can I reach Victory International Futures' customer support？
A: You can contact Victory International Futures' customer support through email at vifxpro@vifx.co or phone/WhatsApp at 0878-8081-9277 and 0878-8989-3863.
Q: Are there educational resources available for traders？
A: Yes, Victory International Futures offers a wide range of educational resources, including video tutorials, ebooks, webinars, and more to support traders at different expertise levels.
