VIBHS Review

VIBHS briefly

Launched in 2013 VIBHS Financial Ltd is a UK based broker authorized and regulated by the Financial Conduct Authority (FCA) under license number 613381. The company defines itself as a leading financial intermediary that provides online trading solutions mainly in Europe and South East Asia.

Over the years VIBHS has expanded its range of services to their clients with a set of user-friendly platforms available in several languages. These terminals provide access to a variety of global markets.

VIBHS offers IB Partnerships globally supporting IBs with both education and assistance.

The company received its FCA authorization in 2014 and started business in the UK. Since then the vision of VIBHS has been to be a market leader with excellent customer support and services.

Regulation

In online trading, regulatory compliance shows how reliable the company is. VIBHS meets all the requirements in the countries where it operates. The company is registered in England and Wales under company number 08279988 and is authorized and regulated by the Financial Conduct Authority (FCA) in the United Kingdom under FCA Firm Reference Number 613381.

Account Types

There are two main types of accounts that traders open with VIBHS:

Demo Account – this free account includes USD10,000 (probably – we could not register our demo account properly and the account balance was zero). The demo account offers access to all the same features as the Real Account. You can try your strategies here before implementing them into the real account.

Real Account – there is only one real account type available and the minimum required deposit for it is USD200. After funding the minimal amount of money, the real account will be activated. Keep in mind that all profits and loss here are real.

What Type of Broker the Company Is?

VIBHS claims on its webpage that it uses the Straight Through Processing (STP) model to execute the customers’ orders. This means that VIBHS transmits each client’s order to the liquidity providers. The company also claims it does nothing with the orders and uses Direct Market Access (DMA) to match them. In this case, the market is the pool of liquidity providers, which are 15 large banks or market makers. The company also says that the STP model it offers means clients are anonymous when their orders are executed.

Fees

The company does not charge any fees on deposits or withdrawals. There are no commissions on trades either.

Deposits and Withdrawals

VIBHS Financial usually processes deposits within 2 to 24 hours and process withdrawals within one business day of receiving a valid request. Clients can use several deposits methods such as bank transfers and credit/debit cards.

Trading Platforms

Trading is available on both desktop (Windows) and mobile (iOS and Android). MetaTrader 4 (MT4) is one of the most popular and trusted trading terminals that has become an industry standard. It is a user-friendly platform, which provides advanced technology and enhanced security to trade. The terminal is customizable enough, allowing traders to open multiple screens at once with preferred technical indicators. It also offers one-click trading and multiple account management (MAM).

Assets

More than 75 assets are available for online trading.

Forex – Over 50 popular major, minor, and exotic currency pairs can be traded. The spread for the EUR/USD pair is about 1 pip.

Indices – You can trade most popular indices globally, such as DJIA, US500 etc.

Commodities – All major traded commodities are available such as Gold, Oil and Silver. You can trade spot and future commodity prices on precious metals and energy products.

Shares – You can trade various shares from all popular markets globally, such as USA, UK, Germany etc.

Cryptocurrencies – The company offers trading CFDs on most popular cryptocurrencies such as Bitcoin, Litecoin, Ethereum, etc.

Data Centre

The company MT4 servers are located at the key locations so that traders can receive ultra-low latency and better security levels. VIBHS servers are hosted in premium groups in Equinix data centers and this provides proximity to all major liquidity sources.

Education

There is no dedicated educational section on the web page, but you can find a third-party economic calendar and real-time quotes of most traded assets.

Partnership

As a provider of deep liquidity, VIBHS encourages Introducing Brokers (IBs) and assesses them as an important element of their business, as they provide important feedback about the quality of the VIBHS services and customer satisfaction.

White Label partnership is also available.

Summary

VIBHS is an FCA regulated, STP brokerage company, which provides the latest trading technology with functionality and a wide range of trading instruments. Traders have access to an intuitive platform, economic calendar, and customer service. Opening an account is relatively easy but using the demo account is buggy and not complete. To start trading you must invest at least USD200 via bank transfer or by credit card. Withdrawals are processed within one business day if the account is verified.