Victory International Futures offers 30+ trading instruments, from Forex to Gold. To segregate client funds, it has partnered with Bank Central Asia and Bank CIMB Niaga.
The broker operates fully under BAPPEBTI regulation, holds membership with both ICDX and ICH, and offers traders a maximum leverage of 1:100, ensuring regulated yet flexible trading conditions.
The VIFX broker has 24/5 support and 20 branch offices.
Victory International Futures; Company Information and Regulation
Victory International Futures, also known as VIFX, is a licensed Forex brokerage company operating under the supervision of Indonesian financial authorities, including:
- BAPPEBTI: Regulated since 2008 with license No. 18/BAPPEBTI/PN/42008
- ICDX: A member of Indonesia Commodity and Derivatives Exchange since 2010 with license No. 041/SPKB/ICDX/DIR/IX/2010
- ICH: A member of Indonesia Clearing House since 2012 with license No. 044/SPKK/ISI-VIF/VI/2012
Here are important details you need to know about this broker:
Entity Parameters / Branch | PT Victory International Futures (Indonesia) |
Regulation | BAPPEBTI, ICDX, ICH |
Regulation Tier | 2 |
Country | Indonesia |
Investor Protection Fund / Compensation Scheme | None |
Segregated Funds | Yes |
Negative Balance Protection | No |
Maximum Leverage | 1:100 |
Client Eligibility | Most countries except US, Canada, Iran, North Korea |
Victory International Futures Specifics and Features
VIFX was founded in 2004 and has since opened 20 branch offices throughout Indonesia. Key features of Victory International Futures:
Broker | Victory International Futures (VIFX) |
Account Types | Mini, Regular |
Regulating Authorities | BAPPEBTI, ICDX, ICH |
Based Currencies | USD |
Minimum Deposit | $1,000 |
Deposit Methods | Bank Transfer |
Withdrawal Methods | Bank Transfer |
Minimum Order | 0.1 lots |
Maximum Leverage | 1:100 |
Investment Options | No |
Trading Platforms & Apps | MetaTrader 5 |
Markets | Forex, Indices, Metals, Energy |
Spread | N/A |
Commission | Variable based on the account type |
Orders Execution | Market |
Margin Call / Stop Out | N/A / 30% |
Trading Features | Mobile Trading, Delay-free Execution, Market Analysis Assistance |
Affiliate Program | No |
Bonus & Promotions | N/A |
Islamic Account | No |
PAMM Account | No |
Customer Support Ways | Email, Tel, Ticket, Live Chat |
Customer Support Hours | 24/5 |
VIFX Broker Account Offerings
Victory International Futures caters to different trader profiles with two account types: Regular and Mini.
Features | Regular | Mini |
Min Deposit | $10,000 | $1,000 |
Base Currency | USD | USD |
Max Leverage | 1:100 | 1:100 |
Min Trade Size | 1 lot | 0.1 lots |
Max Trade Size | 20 lots | 20 lots |
Commission | $25 per lot per side | $2.5 per 0.1 lots per side |
These account options allow traders to choose based on capital, risk tolerance, and trading style, providing flexibility for both large and smaller investors.
Pros and Cons
The broker provides access to Forex and CFDs. However, the limited trading asset offerings and high entry barriers can be a letdown for potential clients.
To have a balanced view, let's weigh VIFX's upsides against its downsides.
Pros | Cons |
Regulated by BAPPEBTI and a member of ICDX/ICH | Primary focus on the Indonesian market |
MetaTrader 5 support | Limited trading instruments (30+) |
Demo account available for practice | High minimum deposit ($1,000) |
20 branches across Indonesia | Limited payment methods |
Victory International Futures Sign Up and KYC
To create a live trading account with VIFX, users must be at least 20 years old and submit valid identification for KYC compliance. The registration process is streamlined yet secure, ensuring users meet both regulatory and platform-specific standards.
#1 Visit the VIFX Website
Go to the official VIFX website and click on the “Open Trading Account” button.
#2 Verify Your Email
Submit your email address. An OTC code will be sent enter it to confirm.
#3 Complete the Registration Form
Fill in all required personal details, including your full name, residence, and birthdate.
#4 Upload Identification
Submit a valid ID document such as a passport, national ID, or bank statement to pass the KYC process.
VIFX Trading Platforms
One of the bright points in this Victory International Futures review is that the broker supports the MetaTrader 5 platform.
Through the MetaTrader 5 platform, the broker provides access to the Forex market and CFDs across various devices, including:
- MT5 Android
- MT5 iOS
- Desktop
You can check TradingFinder’s exclusive MT5 indicators for additional tools and advanced market analysis.
VIFX Broker Fees Explained
The company offers higher-than-average commissions on its account types. While account specifications on the Victory International Futures website indicate a trading spread of 3, customer support claims that spreads are not fixed and are determined by the company.
Account Type | Commission |
Regular | $25 per lot per side |
Mini | $2.5 per 0.1 lots per side |
Swap Fee at VIFX Broker
The official VIFX website does not publish any swap or overnight-financing details for its trading instruments, and no numerical rollover rates are disclosed within its account specifications.
The broker also provides no indication that swap-free or Islamic accounts are available.
Non-Trading Fees at VIFX Broker
The official VIFX website provides no clear disclosure of non-trading fees, offering no details on deposit or withdrawal charges, inactivity costs or currency conversion.
With no administrative fee schedule published, traders have no transparent guidance on out-of-trade expenses when maintaining an account with this broker.
Payment Options
The company’s shortcomings peak when it comes to deposits and withdrawals. VIFX only supports bank transfers.
The lack of popular payment methods, such as Cryptocurrencies, Skrill, and PayPal, can be a serious inconvenience for customers.
Deposit Methods at VIFX
VIFX offers bank transfer as a primary deposit method with USD as the accepted currency. Overall, the broker provides very limited and non-transparent information about its deposit procedures, leaving traders with minimal guidance.
Here is a summary of the available deposit details:
Deposit Method | Currency | Minimum Amount | Deposit Fee | Funding Time |
Bank Transfer | USD | 1,000 USD | N/A | N/A |
Withdrawal Methods at VIFX
For withdrawals, VIFX uses the same bank transfer method as deposits. The broker sets a minimum withdrawal amount of 50 USD, while other details remain limited and non-transparent.
Does VIFX Broker Offer Copy Trade or Growth Plans?
Unfortunately, Victory International Futures does not offer copy trading or growth plans. This absence of social trading features might disappoint traders looking for passive income opportunities or those who prefer to follow successful traders' strategies.
Instruments and Products
The company provides access to 30+ trading instruments across four asset classes, including:
Category | Type of Instruments | Number of Symbols | Competitor Average | Max. Leverage |
Forex | Currency Pairs | N/A | 30-60 | 1:100 |
Commodities | Precious Metals / Oil CFDs | N/A | 10-20 | N/A |
Indices | US Index | N/A | 5-15 | N/A |
Visit TradingFinder’s Forex education to learn more about the market and how to trade it.
VIFX Promotions
At the time of writing this Victory International Futures review, the broker does not advertise any specific promotions or bonuses.
However, it's always worth checking their official website or contactingcustomer support for the most up-to-date information on any ongoing offers or incentives for new or existing traders.
Victory International Futures Awards
Victory International Futures has received industry recognition with the “Most Excellent Broker of the Year 2024” award from ICDX. This is the only officially listed award on the broker’s website.
VIFX Broker Support Channels
Another upside of the brokerage company is its reliable and fast client service. It offers 24/5 online support and a complaint hotline.
Email 1 | viflegal@vifx.co.id |
Email 2 | settlement@vifx.co.id |
Hotline | 08001565758 |
Office Phone Number | +62 31 9924 8699 |
FAX | +62 31 9925 1506 |
Ticket | Through the “Contact Us” page |
Live Chat | Available on the official website |
Victory International Futures Country Restrictions
VIF primarily serves Indonesian clients and has restrictions for traders from certain countries, including:
- United States
- Iran
- North Korea
- Canada
User Satisfaction and Experience
There are no Victory International Futures reviews on reputable rating websites like TrustPilot and Forex Peace Army.
However, the broker has featured some of the clients’ comments on its official website, as you can see in the image below.
Educational Offerings
VIFX has put much effort into traders’ education by offering a comprehensive two-level trading course and market analysis reports.
- Trading Guide: 2 levels, including Beginner and Advanced
- MT5 Usage Tutorial
- Market Analysis: Technical analysis and Autochartist trading signals
Traders who want access to up-to-date information and analysis can utilize these resources.
VIFX in Comparison to the Competition
Here's a summarized, comprehensive comparison between Victory International Futures and some of the top choices in the Forex broker industry:
Parameter | VIFX Broker | LiteForex Broker | Exness Broker | HFM Broker |
Regulation | BAPPEBTI, ICDX, ICH | CySEC | FSA, CySEC, FCA, FSCA, CBCS, FSC, CMA | CySEC, DFSA, FCA, FSCA, FSA |
Minimum Spread | N/A | From 0.0 Pips | From 0.0 Pips | From 0.0 Pips |
Commission | $25 per Lot per Side | From $0.0 | From $0.2 to USD 3.5 | From $0 |
Minimum Deposit | $1,000 | $50 | $10 | From $0 |
Maximum Leverage | 1:100 | 1:30 | Unlimited | 1:2000 |
Trading Platforms | MetaTrader 5 | MetaTrader 4, MetaTrader 5, Mobile Proprietary App | Exness Trade (mobile), Exness Terminal (web), MT4, MT5 | MT4, MT5, Mobile App |
Account Types | Mini, Regular | Classic, ECN, Demo | Standard, Standard Cent, Pro, Raw Spread, Zero | Cent, Zero, Pro, Premium |
Islamic Account | No | No | Yes | Yes |
Number of Tradable Assets | 30+ | N/A | 200+ | 1,000+ |
| Trade Execution | Market | Market | Market, Instant | Market, Buy Stop, Stop Loss, Limit, Take Profit |
Conclusion and Final Words
Victory International Futures provides access to four asset classes, including Forex and US Indices, with leverage options of up to 1:100.
The VIFX broker offers two account types (Regular and Mini) and supports only bank transfer as a payment method. US clients are not accepted.
