Score
VICTORIA CAPITAL
Australia|2-5 years| https://www.victoriatradingltd.com/page2
Website
Rating Index
Contact
Licenses
Licensed Institution：VICTORIA CAPITAL FINANCIAL TRADING PTY LTD
License No.：001298100
Single Core
1G
40G
1M*ADSL
- It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
Basic information
Australia
2-5 years Suspicious Regulatory License Suspicious Scope of Business Australia Appointed Representative(AR) Revoked High potential riskUsers who viewed VICTORIA CAPITAL also viewed..
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Website
victoriatradingltd.com
Server Location
United States
Website Domain Name
victoriatradingltd.com
Server IP
104.21.39.222
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victoriadk.com
Server Location
United States
Website Domain Name
victoriadk.com
Server IP
172.67.176.172
Company Summary
| Aspect | Information |
| Registered Country/ Area | Australia |
| Founded Year | 1-2 years |
| Company Name | VICTORIA CAPITAL FINANCIAL TRADING PTY LTD |
| Regulation | No valid regulatory information |
| Minimum Deposit | $250 |
| Maximum Leverage | Not specified |
| Spreads | Not specified |
| Trading Platforms | MT4/MT5 full license |
| Tradable Assets | Commodities, Forex, Indices, Stocks |
| Account Types | Single account for all traders |
| Demo Account | Available |
| Islamic Account | Not specified |
| Customer Support | Unavailable |
General Information
VICTORIA CAPITAL is a broker based in Australia that operates without valid regulation, posing potential risks to traders. The absence of regulation raises concerns about the legitimacy and reliability of the broker. Moreover, the platform has received a significant number of 26 complaints within the past three months, as reported by WikiFX. These complaints suggest potential scams or fraudulent activities associated with Victoria Capital, highlighting the need for caution and thorough risk assessment before engaging with the broker. Traders should exercise due diligence and consider alternative options with stronger regulatory oversight.
Victoria Capital offers a limited selection of trading instruments across four categories: commodities, forex, indices, and stocks. While commodities such as crude oil and household products are available, the broker lacks diversity in forex trading pairs, excluding exotic or minor pairs. The platform also provides a range of indices from different markets and a small number of stocks from the manufacturing and tech industries. However, it is important to note that the broker's unconventional approach offers only one account type for all traders, lacking customization and tailored features to suit individual needs. Additionally, the customer support provided by Victoria Capital is unreliable, with slow response times and a lack of direct contact options, raising concerns about the platform's integrity and commitment to user satisfaction.
Considering the absence of regulation, numerous complaints, and negative reviews associated with withdrawal difficulties and poor customer support, traders are advised to exercise caution and explore more trustworthy and regulated alternatives to ensure a safer trading experience.
Is VICTORIA CAPITAL Legit？
Victoria Capital is a broker that lacks valid regulation, as confirmed through verification. It is important to note the absence of regulation when considering engaging with this broker, as it may pose a risk. Additionally, it has come to light that WikiFX has received a significant number of 26 complaints regarding Victoria Capital in the past three months. This further emphasizes the need for caution, as there is a potential risk of encountering scams or fraudulent activities. It is advised to exercise due diligence and thoroughly assess the associated risks before making any decisions related to Victoria Capital.
Pros and Cons
Victoria Capital has both pros and cons that should be considered when evaluating this broker. On the positive side, Victoria Capital offers a range of trading instruments, providing opportunities for traders to diversify their portfolios. Additionally, they provide the MT5 trading platform, known for its reliability and advanced features. Traders can also customize the platform to suit their preferences, and a demo account is available for testing strategies. However, there are significant drawbacks to be aware of. Victoria Capital lacks valid regulation, which may raise concerns about the safety and security of funds. The broker has also received a significant number of complaints on WikiFX, suggesting potential issues or fraudulent activities. Furthermore, they offer only one account type for all traders, limiting customization options, and their customer support is reported to be lacking and unreliable. Additionally, transparency regarding trading fees is lacking, which can make it challenging to assess the true costs associated with trading.
| Pros | Cons |
| Offers a range of trading instruments | Lacks valid regulation |
| Provides the MT5 trading platform | Received a significant number of complaints on WikiFX |
| Allows customization of the trading platform | Provides only one account type for all traders |
| Offers a demo account for testing strategies | Customer support is lacking and unreliable |
| Transparency regarding trading fees is lacking |
Market Instruments
Commodities
Within the commodities category, members have access to commodities like crude oil, energy, and household products such as sugar and wheat.
Forex
The forex market is a main activity on the platform, with major currency pairs being available for trading. However, it's important to note that the broker doesn't provide a wide variety of trading pairs, meaning that exotic or minor pairs are not available for diversifying risks.
Indices
Indices are particularly suitable for day traders, and Victoria Capital offers a selection of indices from America, Asia, and Europe. These indices provide opportunities for traders to speculate on the performance of specific markets.
Stocks
Lastly, Victoria Capital offers a limited number of stocks from the manufacturing and tech industries for trading. This allows traders to engage in the stock market and potentially benefit from fluctuations in these sectors.
Pros and Cons
| Pros | Cons |
| Offers trading instruments across four classes | Limited variety of trading pairs in the forex market |
| Provides access to commodities like crude oil and energy | Does not offer exotic or minor currency pairs for diversification |
| Offers a selection of indices from America, Asia, and Europe | Limited number of stocks available from manufacturing and tech industries |
Account Types
SINGLE ACCOUNT FOR ALL: The account types offered by Victoria Capital are rather unconventional as they provide only one account option for all traders. This means that both experienced and novice traders have access to the same set of trading conditions, without any differentiation or specific features tailored to their individual needs. This approach may appear unusual and potentially unfair, as it does not cater to the diverse requirements and preferences of different types of traders.
It is worth noting that Victoria Capital's decision to offer a single account type for all traders may have certain implications. On one hand, it eliminates any confusion or complexity that may arise from having multiple account options with varying features. On the other hand, it may limit the flexibility and customization options available to traders who have distinct trading strategies or risk appetites. Traders who are accustomed to choosing from a range of account types may find this lack of variety and personalization somewhat restrictive.
Pros and Cons
| Pros | Cons |
| Provides a simple and straightforward account structure | Lacks differentiation and specific features tailored to individual needs |
| Eliminates confusion and complexity | Limits flexibility and customization options for traders |
| Avoids potential confusion from multiple account options | Restricts variety and personalization for traders with distinct strategies |
Minimum Deposit
In almost every jurisdiction, Victoria Capital requires a minimum deposit of $250 to open an account. This acceptable minimum deposit amount is consistent across various regions.
Negative Reviews
Many victims complained on the website that they have been defrauded by this broker. This VICTORIA CAPITAL deducted their deposits, rejected their withdrawal requests, making them suffer a significant loss.
Trading Platform
Victoria Capital provides the MT5 trading platform, catering to the needs of advanced traders. The platform is known for its reliability and stability, ensuring a smooth trading experience. It offers a wide range of advantages to its users. One notable feature is the availability of over 50 technical indicators, allowing traders to analyze market trend. Additionally, Victoria Capital offers a demo account, enabling traders to test different strategies under simulated market conditions. The platform also allows for customization, allowing users to personalize it according to their trading preferences. Furthermore, the MT5 platform includes various automated trading options, thanks to the availability of multiple robots. Lastly, stability is a key aspect of the platform, enhancing the security of users' trading activities.
| Pros | Cons |
| Provides the MT5 trading platform known for reliability and stability | Lacks valid regulation |
| Offers over 50 technical indicators for market trend analysis | Customer support can be slow |
| Provides a demo account for testing different strategies | Provides only one account type for all traders |
| Allows customization of the platform according to users' preferences | Automated trading options can be complexStability enhances security |
| Includes various automated trading options through multiple robots |
Customer Support
The customer support provided by Victoria Capital is significantly lacking and unreliable. Traders who have invested with this broker are well aware of the numerous issues they encounter. Unfortunately, communication with the platform is virtually non-existent post-signing up. Instead of providing direct contact information for staff members or the broker, Victoria Capital utilizes a message board system where users are expected to leave messages. However, the response time is alarmingly slow, often taking more than two weeks to receive any feedback. The broker does not offer live chat or an automated bot to address more persistent issues, indicating a deliberate attempt to avoid communication with users. Given these circumstances, it is strongly advised to steer clear of this platform.
Reviews
Victoria Capital has received numerous negative reviews and complaints from users, indicating several issues with the platform. The most prominent concern revolves around the inability to withdraw funds, with users reporting difficulties and delays in accessing their money. Some have mentioned being asked to pay taxes or additional fees before withdrawal, only to experience further obstacles and delays in the process. Customer support is also a significant concern, as users have reported a lack of responsiveness and unavailability of direct contact with the broker. There have been allegations of fraud, scams, and misleading practices associated with Victoria Capital. It is crucial to exercise caution and be aware of these risks when considering any involvement with this platform.
Conclusion
In conclusion, Victoria Capital is a broker that lacks valid regulation, which poses a risk for potential traders. The significant number of complaints received by WikiFX further raises concerns about the platform, suggesting the possibility of encountering scams or fraudulent activities. Victoria Capital offers a limited range of trading instruments, and its unconventional approach of providing only one account type may not cater to the diverse needs of traders. The minimum deposit requirement is $250, and the platform lacks transparency regarding trading fees. While it utilizes the reliable MT5 trading platform with various advantages, customer support is notably lacking and unreliable, with slow response times and a lack of direct contact options. Negative reviews and complaints highlight issues such as difficulties in fund withdrawals, additional fees, and allegations of fraud. Considering these disadvantages, it is advised to approach Victoria Capital with caution and conduct thorough risk assessment before engaging with the platform.
Risk Warning
Trading leveraged products such as forex, cryptocurrencies and derivatives may not be suitable for all investors as they carry a high degree of risk to your capital. Please ensure that your fully understand the risks involved, taking into account your investments objectives and level of experience.
The information presented in this article is intended solely for reference purposes.
FAQs
Q: Is Victoria Capital a regulated broker？
A: No, Victoria Capital lacks valid regulation, posing potential risks.
Q: What is the WikiFX Score for Victoria Capital？
A: The WikiFX Score for Victoria Capital is 1.52/10, indicating danger.
Q: How many complaints has Victoria Capital received on WikiFX？
A: Victoria Capital has received 26 complaints on WikiFX in the past three months.
Q: What trading instruments are offered by Victoria Capital？
A: Victoria Capital offers commodities, forex, indices, and limited stocks for trading.
Q: What is the minimum deposit required by Victoria Capital？
A: The minimum deposit required by Victoria Capital is $250.
Q: What trading platform does Victoria Capital provide？
A: Victoria Capital provides the MT5 trading platform with advanced features.
Q: How is the customer support of Victoria Capital？
A: The customer support of Victoria Capital is unreliable and lacks responsiveness.
Q: Are there any issues with fund withdrawals at Victoria Capital？
A: Users have reported difficulties and delays in fund withdrawals at Victoria Capital, along with additional fees and obstacles in the process.
Q: What are the reviews and complaints about Victoria Capital？
A: Victoria Capital has received negative reviews and complaints regarding fund withdrawals, customer support, and allegations of fraud and misleading practices.
Q: Should I be cautious when considering Victoria Capital？
A: Yes, it is advised to exercise caution and thoroughly assess the associated risks before engaging with Victoria Capital.
Keywords
- 2-5 years
- Suspicious Regulatory License
- Suspicious Scope of Business
- Australia Appointed Representative(AR) Revoked
- High potential risk
News
Exposure "You can withdraw $100, but not $100,000." VICTORIA CAPITAL shows its true colors yet again.
VICTORIA CAPITAL is an online forex broker registered in Australia. It was newly established. Recently, this broker caught our attention because one trader exposed to WikiFX said that this broker did not allow him to withdraw. It is not the first time we have received complaints against this broker. In this article, we will expose this case to you in detail based on the evidence provided by the victim.
2023-01-16 17:31
Exposure “You will never get your money back if you invest in a scam called VICTORIA CAPITAL," victims said.
Recently one forex broker called VICTORIA CAPITAL caught our attention because traders told WikiFX that this broker does not allow them to withdraw and even put forward unreasonable demands. Protecting the legitimate rights and interests of forex traders are always the primary concern of WikiFX. In this article, we will expose this case to you in detail based on the evidence we gathered.
2022-11-23 19:16
Review 38
3-5 years
Australia
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Review 38
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Ms 5
Australia
Misleading and fraudulent, the $70,000 was for nothing.
Exposure
2022-12-12
FX695459
United States
unable to withdraw to withdraw for weeks till recently when i actually confirmed they are a scam what a pathetic investment over 34,000$ close to going to drainage
Exposure
2022-11-29
为什么华人骗华人
Hong Kong
Scammers are ruthless and put people to death. Who can save us? They find all kinds of reasons to let you deposit money, and the ultimate goal is to collect money. They will never withdraw! Those who bring you money and the platform group are all liars, everyone pay attention⚠️
Exposure
2022-11-26
fubar
United States
After paying the 3.8% net income tax to withdraw my funds they hit me with a 2% exclusive channel fee to properly transfer my withdraw request to my designated account, I refused to pay the channel fee not knowing what other fees they might charge me, I was lured to this broker by someone I met on Facebook and told me to wire money to Victoria capital every week to increase my capital to trade. This broker is incorporated in Hong Kong, US, and Australia? who knows?, no contact number, no real address and no direct person to person contact with the broker all red flags. I believed that mt5 is manipulated.
Exposure
2022-11-24
liping
Australia
I checked with the CIMA license SIBL they provided and I found vantage. they told me victoria capital has nothing to do with them. victoria capital is proved to be a scammer and using some other company’s license cheating Forex traders right now one of the customer service empty the chat and ran away. you can’t even find it through their website-Line customer service.
Exposure
2022-11-23
susanne74395
Canada
I never really got an actual reason to why i couldn't withdraw but they did ask me to pay tax prior to finrecoup on my investment which i did with the brokers at Victoria capital doing everything in their power to hold back my investment and deprive me of the benefits in my account that has been earned as a result of my principal investment. Victoria capital should be completely avoided
Exposure
2022-11-19
为什么华人骗华人
Hong Kong
This company used to be called rui win, and it was changed to Victoria capital in August. In July and August, you can receive transaction compensation on the grounds of becoming a member. Later, if you asked me to withdraw the money, I had to pay 10% tax. If the person did not finish the payment, he bound the account and did not give out the money. In the end, it was found that the guarantor and the dealer had disappeared as a group, and they strongly demanded that I return the principal. Arrest this scammer.
Exposure
2022-11-13
FX48843006
United States
Assetsclaimback withdrawal option of Over $79,000 of this scam made me lose interest in investing forever no one to trust all scam. They are not regulated but disguising like they are.
Exposure
2022-11-13
秋天11
United States
There are various reasons to deny withdrawal like paying taxes. Scam! And the so-called guarantor introducers are all liars! Attention ⚠️
Exposure
2022-11-12
lung6586
Taiwan
Since September 18, I have to withdraw the money, but it has not yet been received, and they still find some reasons for taxes. There are also deductions in re-transactions, and the handling fee is 15USD per hand! Account still has 24213USD
Exposure
2022-11-11
秋天11
United States
Investing 1.5 million US dollars,in total. I have to pay tax when I want to withdraw. After paying the tax, still not withdrawal. It turns out that the guarantor and the platform are the same group. Note that as long as there is a guarantor and require to paysthe tax, it is all a liar, don't believe anyone is a nonsense .
Exposure
2022-11-11
liping
Australia
ABN ACN keeping asking us to deposit security bond, account unlocking fee and tax. is that normal? asked the company to provide company address in australia and their ABN, ACN. they ingnored it.
Exposure
2022-11-08
秋天11
United States
Withdraw money after making profits, let you pay taxes, and say you can withdraw cash after paying taxes, but don’t withdraw cash after paying taxes. Now customer service is lost. Customer service contacts are constantly changing, and they don’t reply to any sentence, which is fatal! Be sure to pay attention!
Exposure
2022-11-04
FX244677432
United Kingdom
The fact that VICTORIA CAPITAL is a fraud organisation and that deposits made to them may be traced using the correct algorithm is not breaking news. Everything began when I requested a withdrawal from my MT5 and repeatedly rejected. All attempts to contact the support team were unsuccessful, which is exactly what prompted me to take action that proved effective for withdrawal. I have show and expose VICTORIA CAPITAL and further steps taken in my attachments proofs of my deposits, it’s more like a romance scam please be warned and stay away from them.
Exposure
2022-11-04
FX244677432
United Kingdom
I opened an account with a manager of an Victoria capital account who pushed me to keep adding money to my account. I made money on several trades, but I was told I couldn't withdraw my investment until I made new deposits which i did and still didn’t get my money back from them. Very bad recommendations from a competitive trading platform.
Exposure
2022-11-04
lung6586
Taiwan
It has not been transferred before. The account is transferred to Vitoria capital on October 6th, and the account will be frozen as soon as the withdrawal is made! What's going on?
Exposure
2022-11-03
秋天11
United States
I transferred the money to the Victoria capital company through FTX with a total of 1.5 million US dollars. After the profit, they will not withdraw the money, and ask me to pay the tax. After the tax is paid, the money is still not withdrawn, everyone pay attention to these fraud platforms
Exposure
2022-11-03
rjtt
Japan
Online customers notify me that they can't withdraw if I don't pay taxes. Originally, I was registered as SOPHIE CAPITAL FINANCIAL TRADING PTY LTD, but the company name was changed without permission. It is a fraudulent company that specifies a personal account when depositing money. Never use it.
Exposure
2022-10-31
lung6586
Taiwan
After the account was transferred to Vitoriacaptain from Sophie Capital on October 6, it was rejected as soon as the withdrawal was made, and the fund was frozen: 24213.15USD. He also said that he had to pay a margin of 7312.5USD, which is not a formal book dealer at all, it should be done.
Exposure
2022-10-30
lung6586
Taiwan
The customer service stole XM's header, the following is the picture. Just replaced it today, please be careful! Do not enter! !
Exposure
2022-10-28