General Information & Regulation
VIF Futures is a financial services company that is the official broker for online forex trading products when stock indices and commodities. As a full-service and investment firm, VIF offers dynamic insights, deep expertise, and market-leading skills to help its clients profit in the financial markets. VIF futures currently holds a retail forex license from the Indonesia Commodity and Derivatives Exchange (ICDX) (Regulation No. 041/SPKB/ICDX/DIR/IX/2010), and the Indonesia Commodity Futures Trading Regulatory Agency (BAPPPEBTI) retail foreign exchange license (Regulation No. 558/BAPPEBTI/SI/XII/2004).
VIF offers a diverse range of market instruments, including major currency pairs, precious metals, oil, indices, and commodity futures contracts. These instruments cater to different trading styles and provide traders with various options to participate in different markets.
VIF provides two account types: the Regular Account, suitable for larger funds, and the Mini Account, designed for smaller funds. Each account type has its own requirements, including minimum deposit amounts, spreads, commissions, and trade sizes. Additionally, VIF offers a demo account for traders to practice and familiarize themselves with the trading platform.
The trading platforms offered by VIF include MetaTrader 5 and MetaTrader 5 Mobile, which provide advanced trading functionality and tools for technical and fundamental analysis. These platforms support automated trading through trading robots and offer features such as one-click trading, and a wide range of technical analysis tools.
VIF provides customer support through various contact channels, including phone, chat, and email. They have a customer complaint hotline to address any issues or complaints, and customers can also contact the regulatory agency, BAPPEBTI, for complaints related to their services.
Pros and Cons
Victory International Futures (VIF) has its advantages and disadvantages. On the positive side, VIF is a licensed institution in Indonesia, ensuring compliance with regulatory requirements and providing a level of protection for investors. They offer a diverse range of market instruments, allowing traders to participate in different markets and potentially profit from global trading opportunities. Additionally, VIF provides different account types to accommodate various fund sizes and leverages to amplify trading potential. On the downside, market volatility can lead to potential losses, and market instruments are subject to inherent risks. Traders need to stay informed and adapt to changing market conditions. The table below summarizes the pros and cons of VIF without using positive words.
Is VIF Legit？
Based on the information provided, Victory International Futures (VIF) is a licensed institution in Indonesia. It holds a Retail Forex License and is regulated by the Badan Pengawas Perdagangan Berjangka Komoditi Kementerian Perdagangan (Commodity Futures Trading Regulatory Agency, Ministry of Trade) under license number 558/BAPPEBTI/SI/XII/2004. The regulation indicates that VIF operates within the legal framework and complies with the requirements set by the regulatory agency.
It's important to note that regulations and licenses can change over time, so it's recommended to verify the current status of VIF's regulation by referring to the official regulatory agency or contacting VIF directly using the provided email address (victory@vifx.co.id) or phone number (031-9924 8699). Additionally, the website mentioned (www.vifx.co.id) can provide further information about VIF and its regulatory status.
Market Instruments
Victory International Futures (VIF) offers a diverse range of market instruments to cater to different trading styles. These instruments include major currency pairs, precious metals, oil, indices, and commodities futures contracts. This wide selection provides traders with various options to engage in different markets and take advantage of potential opportunities.
Here are some examples of the market instruments offered by VIF:
Major Currency Pairs: VIF provides trading opportunities in major currency pairs such as AUD/USD, EUR/USD, GBP/USD, USDCAD, USD/CHF, and USD/JPY. These pairs involve the world's most traded currencies and allow traders to participate in the global forex market.
Precious Metals: VIF offers trading in precious metals like gold (XAU/USD) and silver (XAG/USD). These metals are considered safe-haven assets and can be used for portfolio diversification or as a hedge against inflation or market volatility.
Oil: VIF allows traders to participate in the oil market, providing opportunities to trade on the price movements of this important commodity. The specific instrument mentioned is simply referred to as “OIL.”
Indices: VIF offers trading on various indices, which represent the performance of a group of stocks from a specific market or industry. The specific indices available are not mentioned in the provided information.
Commodity Futures Contracts: VIF provides futures contracts on commodities, allowing traders to speculate on the future price movements of agricultural products, energy resources, and other raw materials. The specific contracts available are not mentioned in the provided information.
Market Instruments
VIF Futures provides investors with financial trading instruments focused on foreign exchange currency pairs, stock index futures, commodities, and CFDs.
Accounts & Leverage
The account types offered by Victory International Futures (VIF) cater to different fund sizes, providing options for both larger and smaller funds.
Regular Account:
The regular account type offered by Victory International Futures (VIF) is suitable for larger funds. It provides a spread of 3 pips, leverage of 1:100, and requires a minimum account opening of $10,000. The minimum trade size for this account is 1 lot, and the maximum trade size per click is 20 lots. A commission of $25 per lot per side is charged for trades made in this account type.
Mini Account:
The mini account type is designed for smaller funds. It offers a spread of 3 pips, leverage of 1:100, and requires a minimum account opening of $1,000. The minimum trade size for this account is 0.1 lots, and the maximum trade size per click is 20 lots. A commission of $2.5 per 0.1 lot per side is applicable for trades made in this account type.
A demo account is also available at Victory International Futures (VIF). This type of account allows traders to practice trading in a simulated environment using virtual funds. It provides a risk-free platform for users to familiarize themselves with the trading platform, test trading strategies, and gain hands-on experience without the need to use real money.
Pros and Cons
How to Open an Account？
To open an account with Victory International Futures (VIF), follow these steps:
Visit the VIF website and click on the “Open a Trading Account” or “Demo Account” option.
2. Enter your email address.
3. Choose keywords for your account. The keywords should be at least 8 characters long and must include a combination of a number (0-9), a lowercase letter (a-z), and an uppercase letter (A-Z). Repeat the chosen keywords on the third line.
4. Press Enter or click on the “Continue Registration” button.
5. Check your email inbox for a message from VIF. Look for the key required for email verification. If you can't find it, check your spam folder or use the search function for the phrase 'VIF AUTO MAIL'. If you still can't locate it, use the link provided in the red box to submit a request for a reset activation code.
6. Follow the instructions in the email to verify your email address.
7. Complete your personal data by providing your first name, last name, date, month, and year of birth.
8. If you receive a red box prompt, ask your marketing agent for the filling code. If you don't have a marketing agent, leave it blank.
9. Click on the “Register” button to proceed with the account registration.
Leverage
Victory International Futures (VIF) offers a leverage of 1:100 for both their regular and mini account types, allowing traders to amplify their trading positions. This higher leverage enables the potential for increased gains or losses, but traders should exercise caution and consider their risk tolerance when utilizing leverage in their trades. It is important to verify any specific requirements or restrictions associated with leverage by consulting with VIF directly.
Spreads & Commissions
Victory International Futures (VIF) offers a regular account with a spread of 3 pips and a commission of $25 per lot per side, while their mini account has the same spread of 3 pips but a lower commission of $2.5 per 0.1 lot per side.
Trading Platforms Available
The trading platforms offered by Victory International Futures (VIF) provide traders with powerful tools and features for successful trading.
MetaTrader 5:
MetaTrader 5 is a popular multi-asset platform used by successful traders worldwide. It offers advanced financial trading functionality and tools for technical and fundamental analysis. The platform supports automatic transactions using trading robots and trading signals. It is available on desktop, mobile, and web, providing accessibility from anywhere. MetaTrader 5 includes features like hedging, powerful trading system with Market Depth, one-click trading, and comprehensive technical analysis tools with a wide range of time frames, indicators, and analytical objects. It also provides fundamental analysis tools such as financial news and economic calendars.
MetaTrader 5 Mobile:
MetaTrader 5 Mobile is a mobile trading application that allows traders to trade Forex, stocks, and futures anytime and anywhere. It is compatible with iOS and Android devices and offers complete control over the trading account. The mobile platform supports netting and hedging position systems, various trading orders, three chart types, multiple time frames, technical indicators, analysis tools, financial market news, and communication with other traders.
Algorithmic Trading with MetaTrader 5:
MetaTrader 5 facilitates automated trading through trading robots (Expert Advisors). Traders can download free or commercial robots from the Code Base or the Market, or build their own using the MQL5 IDE development environment. The MQL5 language is a high-level, object-oriented programming language that allows the creation of complex trading robots and indicators. MetaTrader 5 provides a Strategy Tester for testing and optimization of Expert Advisors.
Trading Tools
Trading Tools provided by Victory International Futures (VIF) include Trader's Calculator, News & Signals, Economic Calendar, and Analytics.
Trader's Calculator: The Trader's Calculator feature provides currency conversion and helps traders calculate various trading parameters such as pip value, margin requirements, and profit/loss.
News & Signals: VIF offers a comprehensive news and signals service, delivering up-to-date market news, analysis, and trading signals to its customers. These resources can assist traders in making informed trading decisions.
Economic Calendar: VIF's Economic Calendar displays important economic events and indicators from various countries. Traders can use this calendar to stay informed about upcoming events that may impact the financial markets.
Analytics: VIF provides analytical tools to help traders analyze the Forex market and predict changes in exchange rates. These tools assist traders in formulating trading strategies based on the obtained information.
Deposit and withdrawal
VIF requires a minimum deposit of $1,000 through Wire Transfer only, and once the transfer is made, it is considered final without the option for chargebacks. However, critical information about withdrawal services and fees is lacking, making it difficult to understand the withdrawal process and associated costs. Customers should seek direct communication with VIF or consult the most up-to-date information for accurate details on withdrawals.
Customer support
Clients with any inquiries or tradng-related issues can get in touch with VIP through the following contact channels:
Telephone:+6231 9924 8699
Email: settlement@vifx.co
Online Chat
Company Address：
Pakuwon Center
Superblock Tunjungan City
Office Building Lt. 15 Units 5-7
Jl. Embong Malang No. 1, 3, 5
Surabaya 60261
Conclusion
In conclusion, Victory International Futures (VIF) is a licensed institution in Indonesia, regulated by the Badan Pengawas Perdagangan Berjangka Komoditi Kementerian Perdagangan (Commodity Futures Trading Regulatory Agency, Ministry of Trade) under license number 558/BAPPEBTI/SI/XII/2004. This regulatory oversight ensures that VIF operates within the legal framework and complies with the requirements set by the regulatory agency. While the availability of a wide range of market instruments and trading platforms like MetaTrader 5 provides traders with diverse options, it's important to consider the potential risks associated with market volatility and algorithmic trading strategies. Additionally, the lack of detailed information on withdrawal services and fees could make it challenging to understand the withdrawal process. It's advisable to verify the current regulatory status and communicate directly with VIF for up-to-date and accurate information.
FAQs
Q: Is Victory International Futures (VIF) a legitimate institution？
A: Based on the information provided, VIF is a licensed institution in Indonesia. It holds a Retail Forex License and is regulated by the Badan Pengawas Perdagangan Berjangka Komoditi Kementerian Perdagangan (Commodity Futures Trading Regulatory Agency, Ministry of Trade) under license number 558/BAPPEBTI/SI/XII/2004.
Q: What market instruments does VIF offer？
A: VIF offers a diverse range of market instruments, including major currency pairs, precious metals, oil, indices, and commodity futures contracts.
Q: What account types does VIF offer？
A: VIF offers regular and mini accounts, catering to different fund sizes. The regular account requires a minimum deposit of $10,000, while the mini account requires a minimum deposit of $1,000.
Q: How can I open an account with VIF？
A: To open an account with VIF, visit their website, enter your email address, choose account keywords, verify your email, and complete your personal data. Additional instructions can be found on the website.
Q: What leverage does VIF offer？
A: VIF offers a leverage of 1:100 for both regular and mini accounts.
Q: What are the spreads and commissions at VIF？
A: The regular account has a spread of 3 pips and a commission of $25 per lot per side, while the mini account has the same spread but a commission of $2.5 per 0.1 lot per side.
Q: How can I contact VIF's customer support？
A: VIF provides a customer complaint hotline, email support, and various contact channels. The hotline number is +62 0800-156-5758, and the email address is vifcompliance@vifx.co.
Q: What trading platforms does VIF offer？
A: VIF offers MetaTrader 5, a popular multi-asset platform available on desktop, mobile, and web. They also provide MetaTrader 5 Mobile for trading on iOS and Android devices, as well as algorithmic trading capabilities with Expert Advisors.
Q: What trading tools does VIF provide？
A: VIF offers Trader's Calculator, News & Signals, Economic Calendar, and Analytics tools to assist traders in their decision-making process.
Q: How can I get in touch with VIF's headquarters？
A: VIF's headquarters are located in Surabaya, Indonesia. They can be contacted via phone, fax, email, or WhatsApp, as provided in the available information.
2023-12-04 17:01
2023-12-01 18:27
