VIBHS
Pros and Cons
Pros
- Regulated by multiple financial authorities
- Diverse range of trading instruments including Forex and commodities
- Advanced trading platforms with customizable features
- Comprehensive educational resources for traders
- Competitive trading conditions with low spreads
Cons
- Limited trading instruments (no cryptocurrencies or stocks)
- High withdrawal fees (1.50% to 1.80% for transactions)
- Only regulated by FCA, limiting broader oversight
- Lack of comprehensive educational resources
- Outdated trading platform options (only MT4 available)
Basic Information
User Reviews
VIBHS Overview
VIBHS Financial Ltd, established in 2013 and headquartered in the United Kingdom, is a regulated forex broker authorized by the Financial Conduct Authority (FCA) under firm reference number 613381. This regulation ensures that VIBHS adheres to strict financial standards, providing traders with a level of security and transparency that is vital in the forex trading environment. The broker’s commitment to regulatory compliance enhances its credibility and trustworthiness among both new and experienced traders seeking reliable trading services.
As a versatile forex broker, VIBHS offers a range of trading instruments including forex, commodities, and CFDs, accessible through the popular MetaTrader 4 platform. The broker stands out for its competitive spreads and the availability of both standard and pro account types, catering to diverse trading preferences. Customer support is available through multiple channels, including live chat and email, ensuring that traders receive timely assistance. Additionally, VIBHS emphasizes a user-friendly trading experience, making it an attractive option for those looking to engage in forex trading with a reputable broker.
Is VIBHS Safe? Regulation Analysis
Regulatory Information
| Regulatory Authority | Country/Region | Fund Protection Measures |
|---|---|---|
| Financial Conduct Authority (FCA) | United Kingdom | Segregated Funds, Investor Compensation Scheme |
Is VIBHS Regulated and How Are Client Funds Protected?
VIBHS Financial Ltd is regulated by the Financial Conduct Authority (FCA) in the United Kingdom, holding a license number of 613381. This regulatory oversight ensures that the broker adheres to strict compliance standards, providing a level of trust for traders. Client funds are protected through measures such as segregated accounts, where client deposits are kept separate from the broker’s operational funds. Additionally, the FCA’s Investor Compensation Scheme offers further security, covering eligible clients in cases where the broker is unable to meet its obligations. Overall, VIBHS presents itself as a legit option for traders, with regulatory backing that enhances fund safety and investor protection.
Trading Products and Services
What trading instruments does VIBHS offer?
| Asset Category | Available Products | Total Count (if available) |
|---|---|---|
| Forex | EUR/USD, GBP/JPY, AUD/NZD | Many |
| Commodities | Gold, Silver, Crude Oil | Varies |
| Indices | S&P 500, NASDAQ, FTSE 100 | Many |
| Stocks | Apple, Tesla, BP | Varies |
| Cryptocurrencies | BTC, ETH, XRP | Limited |
VIBHS offers a diverse range of trading instruments across multiple asset categories, including Forex, Commodities, Indices, Stocks, and Cryptocurrencies. This extensive coverage ensures that various types of traders, from beginners to seasoned professionals, can find suitable products that align with their trading strategies and goals. With the opportunity to trade in Forex, for instance, users can capitalize on currency fluctuations, while those interested in commodities can engage with essential goods like gold and oil. The variety of available products not only facilitates portfolio diversification but also enhances flexibility in trading strategies, making VIBHS an attractive option for all traders looking to navigate the financial markets.
Account Types and Trading Conditions
What Account Types and Fees Does VIBHS Offer?
| Account Type | Target User Group | Essential Characteristics | Applicability Notes |
|---|---|---|---|
| Retail Account | Beginners and retail traders | Access to all instruments, leverage capped at 1:30, commission-free | Suitable for small capital practice |
| Professional Account | Experienced traders | Higher leverage (up to 1:200), tighter spreads, potential commissions | Requires trading volume qualifications |
| Corporate Account | Institutional clients and businesses | Custom pricing and dedicated account management | Requires corporate documentation |
| Islamic Account | Clients requiring Sharia-compliant conditions | Swap-free trading options | Eligibility based on religious beliefs |
| Demo Account | New traders | Practice trading strategies without financial risk | Available for all users |
Account Opening Process
To open an account with VIBHS, clients need to follow several steps. First, they will be required to submit personal information, including their name, email address, and phone number. Next, employment details must be provided, along with information about financial status, including income and trading experience. Additionally, identity verification is mandatory, requiring users to upload a government-issued ID and proof of address, such as a utility bill or bank statement. It is worth noting that VIBHS allows account flexibility, enabling users to upgrade to a professional account later if they meet the necessary eligibility criteria.
Trading Fees
| Product | Spread (pips) | Commission | Notes |
|---|---|---|---|
| Forex (EUR/USD) | 1.6 | $0 (Pro: $10 per lot) | Variable spreads for retail |
| CFDs (FTSE 100) | 2.0 | $1 (Pro: $10 per lot) | Competitive for indices |
| Cryptos (BTC/USD) | Not available | Not applicable | Limited offering due to regulations |
Other Fees
VIBHS also has several other fees to consider. Deposit and withdrawal fees may apply, including a 1.50% fee for EU transactions and a 1.80% fee for non-EU transactions. Bank transfer fees can range from £15 to £40, depending on the method. Inactivity fees may be charged if the account remains dormant for an extended period. Additionally, VIBHS applies overnight interest (swap rates) on positions held past the daily rollover time, which can be positive or negative depending on the trade direction. Currency conversion fees may also apply when trading in currencies different from the account’s base currency.
Trading Platforms and Apps
What Trading Platforms and Apps Does VIBHS Offer for Traders?
| Platform | Device Support | Key Features | Additional Services |
|---|---|---|---|
| MetaTrader 4 (MT4) | Windows, macOS, iOS, Android | 2FA, market search, multiple order types, price alerts, technical indicators | Demo accounts, VPS, API |
| Web Version | Any device with a browser | Encryption, symbol lookup, one-click trading, push notifications | Demo accounts |
| Mobile App | iOS, Android | Biometrics, market search, multiple order types, real-time alerts | Demo accounts, VPS |
VIBHS offers a range of platforms tailored for different trading needs. MT4 is ideal for both novice and experienced traders, providing robust charting, automated trading, and a user-friendly interface. The web version allows for seamless access from any device, while the mobile app ensures convenient trading on the go with secure logins and real-time alerts. Overall, VIBHS emphasizes security, rapid execution, and comprehensive tools across its platforms, facilitating efficient trading experiences.
Deposit and Withdrawal
Deposit and Withdrawal Options
| Payment Method | Processing Time | Fees | Limits | Base Currency Options |
|---|---|---|---|---|
| Bank Transfer | Deposit: 1-3 days, Withdrawal: 2-5 days | Fees vary (USD 15-40 for international transfers) | Min Deposit: 100 USD, Max Withdrawal: 50,000 USD/day | USD, EUR, GBP |
| Credit/Debit Card | Deposit: Instant, Withdrawal: 1-3 days (after verification) | No platform fees, cash advance fees may apply | Min Deposit: 100 USD, Max Withdrawal: 10,000 USD/transaction | USD, EUR, GBP |
| E-wallets (PayPal, Skrill, Neteller) | Deposit: Instant, Withdrawal: Same day | No platform fees, e-wallet fees may apply (1-2%) | Min Deposit: 50 USD, Max Withdrawal: 10,000 USD/transaction | USD, EUR, GBP |
| Local Payment Methods (GrabPay, FasaPay, POLi, etc.) | Deposit: Instant, Withdrawal: 1-2 days | No platform fees, local fees may apply | Min Deposit: 10 USD, Max Withdrawal: Varies by method | Supports local currencies |
Compliance & Security Background
Withdrawals must return to the original payment method to comply with anti-money laundering (AML) and know-your-customer (KYC) requirements, ensuring traceable fund flows. First-time large withdrawals (typically over 2,000 USD) require identity documents (passport) and address proof (utility bill), with additional scrutiny for suspicious transactions.
Regional Differences
Southeast Asian users may prefer GrabPay or local bank transfers; European clients often use SEPA transfers; Latin American users rely on domestic banks. Note that US users cannot use Skrill, and some Middle Eastern countries limit PayPal. Partner banks in Japan may offer zero-fee transfers.
Cost Optimization Tips
- Small Deposits (<1,000 USD): Prioritize e-wallets or credit cards for instant, fee-free deposits.
- Large Deposits (>5,000 USD): Use bank transfers or SEPA for lower total costs despite slower processing times.
- Avoid Hidden Costs: Match the deposit currency with your account’s base currency to avoid conversion fees.
- Multi-base Currency Accounts: Select brokers with several base currency options to minimize cross-currency fees.
How to Withdraw
To withdraw funds, log into your account, navigate to the withdrawal section, and select your preferred payment method. Ensure that the withdrawal method matches the original deposit method. Complete any required identity verification and submit your withdrawal request. Processing typically takes 1-3 business days, depending on the payment method.
Customer Support
VIBHS Customer Support Overview
Support Channels
VIBHS offers a variety of contact methods to ensure customers receive the help they need promptly. The main support channels include:
- Email: Customers can reach out via email at sales@vibhsfinancial.co.uk for any inquiries or support requests.
- Live Chat: For immediate assistance, VIBHS provides a live chat option on their website, allowing customers to connect with support agents in real time.
- Telephone: Customers can call VIBHS at +44 (0)20 7709 2038 to speak directly with a support representative.
- Social Media: VIBHS maintains an active presence on social media platforms, where customers can also seek help and stay updated on services.
Service Availability
VIBHS is committed to providing exceptional customer service, offering support 24/5. Their customer support team is available during market hours, ensuring that traders receive timely assistance when they need it most. Additionally, VIBHS provides multilingual support in several languages, accommodating a diverse clientele.
Additional Resources
To enhance the trading experience, VIBHS offers various educational resources, including:
- Video Tutorials: Step-by-step guides to help traders navigate the platform.
- Webinars: Regularly scheduled webinars featuring expert insights and trading strategies.
- Market Analysis: Detailed reports and forecasts to assist traders in making informed decisions.
- Trading Signals: Timely alerts on market movements to help traders capitalize on opportunities.
Frequently Asked Questions
Yes, VIBHS Financial is authorized and regulated by the Financial Conduct Authority (FCA) in the United Kingdom under firm reference number 613381. This ensures that we adhere to strict financial regulations, providing a secure trading environment for our clients.
Client funds at VIBHS Financial are held in segregated accounts with Tier 1 UK banks. Additionally, all eligible clients are protected under the Financial Services Compensation Scheme (FSCS), which covers up to £85,000 in the event of company insolvency.
VIBHS Financial offers competitive trading conditions, including leverage of up to 1:30 for retail clients and up to 1:200 for professional clients. The minimum deposit is £500, with spreads starting from 1.2 pips on major currency pairs. We also operate a straight-through processing (STP) execution model for enhanced transparency.
VIBHS Financial offers two trading platforms: MetaTrader 5 (MT5) and a proprietary web trader. Both platforms are designed for ease of use, featuring real-time charting, multiple order types, and mobile app support for trading on the go. MT5 additionally supports algorithmic trading through Expert Advisors.
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Risk Disclosure
Trading forex/CFDs via brokers carries high risks, including potential total loss. For any data changes, please refer to the latest information on the brokers' official websites. Trade with caution and seek independent advice.