Abstract: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).
Basic Information & Regulation of VIF
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).
Safety Analysis of VIF
Indonesia's BAPPPEBTI is responsible for regulating Indonesia's futures trading activities, including foreign exchange transactions, exchanges, clearing agencies, and local brokers are also regulated by BAPPPEBTI. Under the management of the Indonesian Ministry of Trade, BAPPPEBTI has also established links with local banks, the national police, and other legal institutions so that the safety of investors' funds and trading activities on the VIF futures platform can be protected to a certain extent.
Market Instruments
VIF Futures provides investors with financial trading instruments focused on foreign exchange currency pairs, stock index futures, commodities, and CFDs.
Accounts & Leverage of VIF
VIF Futures has two types of trading accounts, namely a regular account for large amounts of money and a mini account. The minimum opening amount for a regular account is $10,000, and the minimum opening amount for a mini account is $1,000. The maximum trading leverage for both accounts is 1:100.
Spreads & Commissions of VIF
The spread on a VIF Futures regular account is 3 pips, and the commission is $25 per lot (one side), while the spread on a VIF Futures Mini account is 3 pips, and the commission is $25 per lot (one side).
Trading Platforms Available
VIF Futures provides traders with the most advanced MT5 trading platform available. Successful traders around the world have been able to use the MT5 Multi Trader Asset to trade forex, futures, and other instruments. MT5 offers advanced financial trading features, as well as advanced tools for technical and fundamental analysis. MT5 also allows automated trading using trading robots and trading signals, and in addition to the desktop and mobile versions, a web version is also available, which traders can access anytime, anywhere.
Deposit and withdrawal
VIF Futures supports traders to deposit and withdraw funds to and from their investment accounts through a variety of deposit and withdrawal methods.
Summary
The main disadvantages of VIF futures are:
1. High account opening amount requirements
2. High spreads & fees, high transaction costs
3. Negative reviews & customer complaints