General Information & Regulation
Victory Markets, a trading name of Victory Markets Limited, presents itself as an ECN/STP broker registered in the United Kingdom that claims to provide its clients with 60+ tradable financial instruments with leverage up to 1:500 and floating spreads from 0.5 pips on the MT5 for Windows, Android and iOS trading platforms, as well as 24/5 multilingual customer support service. Here is the home page of this brokers official site:
As for regulation, it has been verified that Victory Markets does not fall under any valid regulations. That is why its regulatory status on WikiFX is listed as “No License” and receives a relatively low score of 1.20/10. Please be aware of the risk.
Market Instruments
Victory Markets advertises that it offers 60+ trading instruments in financial markets, including 5 metals, 5 indices, 28 currency pairs and 20 cryptocurrencies.
Account Types
Victory Markets claims to offer demo accounts and the Zero Spread Account. However, the broker says nothing about the minimum initial deposit requirement to open an account.
Leverage
The leverage offered by Victory Markets is up to 1:500. It is important to keep in mind that the greater the leverage, the greater the risk of losing your deposited capital. The use of leverage can both work in your favour and against you.
Spreads & Commissions
Victory Markets claims that the spread starts from 0.5 pips, while elsewhere low spread from 0.1 pips is stated. The commission is up to $15.
Trading Platform Available
Platforms available for trading at Victory Markets are MT5 for Windows, Android and iOS. In any case, we recommend using MT4 or MT5 for your trading platform. Forex traders praise MetaTrader's stability and trustworthiness as the most popular forex trading platform. Expert Advisors, Algo trading, Complex indicators, and Strategy testers are some of the sophisticated trading tools available on this platform. There are currently 10,000+ trading apps available on the Metatrader marketplace that traders can use to improve their performance. By using the right mobile terminals, including iOS and Android devices, you can trade from anywhere and at any time through MT4 and MT5.
Deposit & Withdrawal
From the logos shown at the foot of the home page on Victory Markets official website, we found that this broker seems to accept numerous means of deposit and withdrawal choices, consisting of American Express, Cirrus, Delta, Maestro, Discover, MasterCard, Paypal and Solo. The minimum initial deposit requirement is said to be $100, while there is no mention of what the minimum withdrawal amount is. There is no deposit fee charged.
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Customer Support
Victory Markets customer support can be reached by telephone: +91 8696760204, email: info@victorymarketslimited.com or send messages online to get in touch. Company address: 71 - 75 SHELTON STREET, LONDON, ENGLAND WC2H 9JQ.
Risk Warning
Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.
