Victory International Futures

Victory International Futures, legally registered as PT. Victory International Futures, is an Indonesian brokerage established on 6 September 2021. The company operates under the official domain vifx.co.id and presents itself as the online channel division of PT.

Victory International Futures, a name it describes as a trusted broker in the country. According to the company description, traders who open an account with Victory International Futures become official customers of PT. Victory International Futures.

Our records indicate that the firm holds two regulatory licences in Indonesia: one from BAPPEBTI (the Commodity Futures Trading Regulatory Agency) and one from ICDX (the Indonesia Commodity and Derivatives Exchange). The BAPPEBTI licence is a Forex Trading License (EP) with licence number 558/BAPPEBTI/SI/XII/2004, while the ICDX licence is a Derivatives Trading License (EP) with licence number 041/SPKB/ICDX/DIR/IX/2010. These licences are listed on file, though the status field is not specified in our records.

BAPPEBTI is the primary regulator for commodity futures trading in Indonesia, overseeing forex and derivatives brokers. ICDX is a designated exchange for commodity and derivative products. Holding licences from both bodies suggests that Victory International Futures is authorised to offer forex and derivatives trading to Indonesian clients, subject to the conditions of those licences.

However, we note that the licence numbers provided in our records date back to 2004 and 2010, which predates the company's founding in 2021. This could indicate that the licences were transferred or that the company operates under an existing licence held by a related entity. We have not been able to verify the current validity or status of these licences from public sources, and the absence of a clear status on our records is something traders should consider.

As a forex and futures broker, Victory International Futures is expected to offer retail clients access to leveraged trading in currencies and commodity futures. The company's description specifically mentions forex and futures, suggesting a focus on these asset classes. However, specific details about the trading platforms, account types, or instruments offered are not disclosed in our known facts.

Given the lack of publicly available information, we cannot confirm the range of products, leverage options, or trading conditions. Traders interested in this broker should seek detailed information directly from the company, but should also be aware that the absence of verifiable details is a cautionary signal.

The company was founded in 2021, making it a relatively new entrant in the Indonesian brokerage market. Its legal name, PT. Victory International Futures, indicates a limited liability company structure, which is common for Indonesian financial firms. The company describes itself as the online channel division of a larger entity, which may imply that it is part of a broader group with existing operations.

Our records show that the company has zero employees on file. This could be a data anomaly, but it also raises questions about the operational capacity of the firm. A broker with no recorded employees may struggle to provide adequate customer support or maintain robust trading infrastructure, which is a concern for potential clients.

FXCanary's Scam Risk Score for Victory International Futures is 45 out of 100, which is categorised as 'Guarded'. This score reflects a moderate level of risk, primarily due to the lack of a verifiable website or social-media presence. The official domain vifx.co.id is listed, but we could not confirm that it is operational or that it contains the expected content for a broker.

Additionally, the company's employee count of zero and the lack of independent reviews or user feedback make it difficult to assess its reputation. While the regulatory licences are a positive sign, the absence of transparent information about the broker's operations and the potential for the licences to be associated with a different entity warrant caution. Traders should conduct thorough due diligence before committing funds.

Victory International Futures is an Indonesian broker with regulatory licences from BAPPEBTI and ICDX, which are credible authorities in the country's derivatives market. However, the company's newness, lack of verifiable online presence, and zero employee count on file create a picture of a broker that is not fully transparent.

In FXCanary's assessment, the broker may be legitimate, but the information available is insufficient to give it a clean bill of health. We recommend that traders approach with caution, verify the licences directly with the regulators, and seek independent confirmation of the company's operations before opening an account.