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/10

Vida Markets

Saint Vincent and the Grenadines|2-5 years| Benchmark A|
Financial Service Corporate|MT4 Full License|Regional Brokers|United States Common Financial Service License Unauthorized|Suspicious Overrun|High potential risk|

https://www.vidamarkets.com/svg/en

Website

Rating Index

Benchmark

Benchmark

A

Average transaction speed (ms)

408.6 Good

MT4/5

Full License

VidaGlobal-Live08

United Kingdom
MT4
3

Benchmark

Speed:AA

Slippage:AA

Cost:C

Disconnected:C

Rollover:A

MT4/5 Identification

MT4/5 Identification

Full License

3
Server Name
VidaGlobal-Live08 MT4
Server Location United Kingdom

Contact

+44 02081572170
support@vidamarkets.com
https://www.vidamarkets.com/svg/en
First Floor, First St Vincent Bank Building, James Street, Kingstown, St Vincent and the Grenadines.

Licenses

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

Open Now

Disclosure

Sanction

VU VFSC
2023-08-30

Contact number

English

+44 02081572170

English

+91 01247127963

English

+62 02130513516

English

+971 0525353213

Broker Information

More

Company Name

Vida Global Markets LLC

Company Abbreviation

Vida Markets

Platform registered country and region

Saint Vincent and the Grenadines

Company website

Pyramid scheme complaint

Expose

Check whenever you want

Download App for complete information

Warning: Low score, please stay away! 4
Previous Detection : 2024-05-18
  • The number of this brokers's negative field survey reviews has reached 1. Please be aware of the risk and the potential scam!
  • United StatesNFA (license number: 0554406) The regulatory status is abnormal, the official regulatory status is Unauthorized. Please be aware of the risk!

WikiFX Verification

Vida Markets · Benchmark
Average transaction speed(ms)
408.6 Good
The highest transaction speed(ms)
337 Poor
The highest speed of opening positions(ms)
337
The highest speed of closing position(ms)
0
The lowest speed of opening positions(ms)
533 Perfect
The lowest speed of closing position(ms)
0 Perfect
Ranking: 65 / 134
Test user 269
Orders 1,228
Ocuppied margin $129,159 USD
Data Source WikiFX Data provide
Updated: 2024-05-17 01:05:SS

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Vida Markets · Company Summary

Vida Markets Basic Information
Company Name Vida Markets
Founded 2023
Headquarters Saint Vincent and the Grenadines
Regulations FSCA(Exceeded), NFA(Unauthorized)
Tradable Assets Forex, Metals, Cryptos, CFDs, Indices, Stocks
Account Types STP Account, ECN Account, Islamic Account
Minimum Deposit Not specified
Maximum Leverage 1000:1
Spreads STP: 1.2 pips; ECN: from 0.1 pips
Commission ECN Account: Starting from $5/€5/£5
Deposit Methods Debit/Credit Cards, Digital Wallets, Bank Transfers, Cryptocurrencies (Select Locations)
Trading Platforms VM Social, MetaTrader 4, MetaTrader 5
Customer Support Email, Live Chat, Phone
Education Resources VM Social Copy Trading Platform, Educational Materials
Bonus Offerings None

Overview of Vida Markets

Vida Markets, established in 2023, is a brokerage firm that offers a comprehensive suite of trading options and platforms for traders of various levels. Headquartered in Saint Vincent and the Grenadines, the company provides traders access to a wide range of tradable assets, including Forex, Metals, Cryptocurrencies, CFDs, Indices, and Stocks. With its diverse selection of assets, Vida Markets aims to cater to the preferences and strategies of a diverse trading community.

One of the standout features of Vida Markets is its array of trading account types, including the STP Account, ECN Account, and Islamic Account. These accounts cater to different trading preferences, offering competitive pricing, low spreads, direct market access, and even options for traders adhering to Islamic finance principles. The company places a strong emphasis on providing traders with flexible options that align with their specific trading goals.

Vida Markets also offers traders access to various trading platforms, including the innovative VM Social platform, which enables copy trading and real-time updates, and the widely recognized MetaTrader 4 and 5 platforms. The goal is to provide traders with versatile tools to analyze the markets, execute trades efficiently, and stay informed about key market events. However, it's important for traders to be aware that Vida Markets operates beyond the regulatory oversight of the US NFA and South Africa FSCA, which could impact their choice to trade on this platform.

basic-info

Is Vida Markets Legit?

Vida Markets operates beyond the regulatory oversight of the United States NFA (National Futures Association) with license number 0554406. It holds a National Futures Association-UNFX Non-Forex License, indicating that its business scope exceeds the regulatory framework of the NFA. As such, traders considering Vida Markets should exercise caution and be aware of the associated risks due to the lack of direct regulatory oversight from the NFA.

Vida Markets also operates beyond the regulatory scope of the South Africa FSCA (Financial Sector Conduct Authority) with license number 42734. Similar to its NFA status, Vida Markets holds a National Futures Association-UNFX Non-Forex License from the FSCA. This means that while the broker is licensed by the FSCA, its business activities are not directly regulated in the realm of forex trading. Traders should consider the potential risks and uncertainties associated with trading on a platform that operates outside the conventional regulatory framework.

regulation
regulation

Pros and Cons

Vida Markets presents traders with a range of advantages and considerations. On the positive side, the brokerage offers a diverse selection of tradable assets, allowing traders to access various markets from a single platform. The availability of different account types, including the STP Account, ECN Account, and Islamic Account, accommodates traders with different preferences and strategies. The incorporation of VM Social, a copy trading platform, enhances the social and educational aspects of trading, enabling users to engage with experienced traders and diversify their portfolios. However, traders should be aware that Vida Markets operates beyond the regulatory purview of the US NFA and South Africa FSCA, which might raise concerns about the level of oversight and protection for traders.

Pros Cons
Diverse range of tradable assets Lack of direct regulatory oversight from US NFA and South Africa FSCA
Multiple account types to suit various preferences Potential regulatory and protection concerns for traders
VM Social platform facilitates copy trading Limited information about minimum deposits and potential bonus offerings
Access to MetaTrader 4 and 5 platforms

Trading Instruments

Vida Markets offers traders access to a diverse and extensive range of CFD (Contract for Difference) instruments, providing opportunities across various markets. This wide array of trading instruments enables traders to seize daily market opportunities and diversify their trading strategies effectively.

Among the trading instruments available, Forex stands out as one of the most popular and liquid options. Representing the currencies of major economic countries, Forex trading offers the potential for profit in the dynamic currency exchange market, presenting opportunities at every moment.

Indices trading is another prominent option, allowing traders to buy or sell major stock market indices in a single trade. This feature enables traders to capitalize on both bullish and bearish market movements, offering flexibility in market conditions.

Commodities trading is offered as well, providing the chance to benefit from price changes in precious commodities such as Gold, Silver, and Oil, all without the need to own the physical assets. This can be an attractive option for those seeking exposure to commodity markets.

Equities trading is facilitated through Vida Markets, enabling traders to take positions on well-known companies, global brands, and emerging enterprises, all from a single trading account.

For traders interested in the dynamic world of cryptocurrency, Vida Markets offers the opportunity to trade digital assets. These modern-day currencies can be traded for potential profit through both long and short positions, allowing traders to take advantage of the high volatility characteristic of the cryptocurrency market.

market-instruments

Here is a comparison table of trading instruments offered by different brokers:

Broker Forex Metals Crypto CFD Indexes Stocks ETFs
Vida Markets Yes Yes Yes Yes Yes Yes No
EXNESS Group Yes Yes Yes Yes Yes Yes No
Pocket Option Yes Yes Yes Yes Yes Yes No
RoboForex Yes Yes Yes Yes Yes Yes Yes

Account Types

Vida Markets offers traders a choice of three distinct account types to cater to different trading preferences and needs: STP Account, ECN Account, and Islamic Account.

The STP Account is designed to provide competitive pricing and standard trading conditions for CFDs. With this account, traders can access available liquidity and utilize built-in tools and platforms to execute trades accurately. The account offers a spread of 1.2 pips and zero commission, making it suitable for those seeking straightforward trading conditions.

On the other hand, the ECN Account is tailored for traders who prioritize low spreads and direct market access. With spreads as low as 0.1 pips and a commission starting from $5/€5/£5, this account type offers a cost-effective approach to trading. Both the MT4 and MT5 platforms are available for traders using the ECN Account, providing flexibility in platform choice. The account also offers a high leverage of up to 1000:1, allowing traders to control larger positions with a smaller amount of capital.

For clients who adhere to the financial principles of Islam, Vida Markets offers an Islamic Account. This swap-free account option allows traders to engage in trading without incurring interest or swap charges, in accordance with Islamic finance principles. This account enables clients to trade a diverse range of instruments while remaining compliant with their religious beliefs.

STP RAW
Spreads 1.2 0.1
Commission 0 From $5/€5/£5
MT4 Platform Yes Yes
MT5 Platform Yes Yes
Leverage Up to 1000:1 1000:1
Min Trade Size 0.01 0.01

How to Open an Account?

To open an account with Vida Markets, follow these steps.

1. Click “Sign Up”: Visit the Vida Markets website and click the “Sign Up” button located at the top right corner.

open-account

2. Register: Choose trading account and provide your personal details to creating a secure password.

open-account

3. Verify: Complete the account verification process to ensure your account is authenticated.

4. Deposit: Fund your trading account by depositing the desired amount using the available payment methods.

5. Trade: Once your account is funded, you can start trading and taking advantage of the global markets.

Keep in mind that by signing up, you agree to Vida Markets' terms and conditions, including their privacy policy and risk warning.

open-account

Leverage

Vida Markets provides varying levels of leverage based on the chosen account type. The STP Account offers leverage of up to 1000:1, allowing traders to control larger positions with a relatively smaller capital investment. On the other hand, the ECN Account also offers a high leverage of up to 1000:1, giving traders the potential to amplify both profits and losses. It's important to note that while higher leverage can magnify gains, it also increases the risk of significant losses. Traders should carefully consider their risk tolerance and trading strategy when deciding on the appropriate leverage level for their account.

Here is a comparison table of maximum leverage offered by different brokers:

Broker Vida Markets FxPro IC Markets RoboForex
Maximum Leverage 1:1000 1:200 1:500 1:2000

Spreads and Commissions

Vida Markets offers traders a choice of three distinct account types with different spreads and commissions.

1. STP Account: This account provides competitive pricing and standard trading conditions. It features a spread of 1.2 pips and does not charge any commissions. It's suitable for traders seeking simplicity and straightforward trading without additional commission fees.

2. ECN Account: Tailored for traders who prioritize low spreads and direct market access. It offers spreads as low as 0.1 pips and starts with a commission of $5/€5/£5. This account type provides a cost-effective approach to trading with tighter spreads and direct access to the market.

3. Islamic Account: This swap-free account option is designed for clients who adhere to Islamic finance principles. It allows traders to engage in trading without incurring interest or swap charges. The account offers a spread and commission structure similar to the STP or ECN accounts, depending on the chosen type.

These account options provide traders with the flexibility to choose the trading conditions that best suit their strategies and preferences.

Deposit & Withdraw Methods

Vida Markets offers a range of convenient and secure deposit methods to fund your trading account. Traders can choose from options such as debit or credit cards, digital wallets, bank transfers, and cryptocurrencies in select locations. However, it's important to note that Vida Markets does not accept cash or cheques as deposit methods, and American Express or Diners cards are also not supported.

In terms of transaction processing speed, Vida Markets aims to provide efficient services. Deposits and withdrawals can typically be processed on the same day, depending on the chosen transaction method. This ensures that traders have timely access to their funds, allowing for smooth and seamless trading activities. It's recommended to review the specific processing times for each payment method to ensure accurate planning of deposit and withdrawal activities.

deposit-withdrawal

Trading Platforms

Vida Markets offers traders a choice of powerful trading platforms, including VM Social, MetaTrader 4 (MT4), and MetaTrader 5 (MT5), catering to different trading preferences and strategies.

VM Social is a unique platform that enables traders to engage in copy trading. With automated copy trading features, traders can replicate the trades of experienced and successful traders at Vida Markets. This platform provides real-time updates directly to traders' devices, allowing them to stay informed about market developments and trading activities. VM Social also offers the opportunity to diversify trading strategies by following multiple strategy providers, enhancing the potential for profitable trading. Additionally, the platform ensures that traders never miss important trading events, contributing to a more informed and strategic trading approach. VM Social is available for both Apple and Google Play devices, providing accessibility and convenience for traders on the go.

deposit-withdrawal

In addition to VM Social, Vida Markets also supports the widely recognized MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms. These platforms are renowned for their comprehensive features, intuitive interfaces, and powerful analytical tools. With these platforms, traders can access a wide range of technical indicators, charting options, and order execution methods, enabling them to analyze markets effectively and execute trades with precision. The availability of both MT4 and MT5 ensures that traders can choose the platform that best suits their trading strategies and preferences, enhancing their overall trading experience.

deposit-withdrawal

Customer Support

Vida Markets offers a straightforward way to get in touch and receive support. Traders can easily reach out to the support team through various channels:

Email: Contact the support team via email at support@vidamarkets.com for detailed inquiries and assistance.

Chat: Engage in real-time conversations with the support team using the live chat feature on the Vida Markets website. This is perfect for quick questions and immediate assistance.

Phone: For direct communication, you can call the provided contact numbers for different regions:

United Arab Emirates: (+971) 0525353213

Indonesia: (+62) 02130513516

India: (+91) 01247127963

UK: (+44) 02081572170

Feel free to choose the contact method that suits your preference and get the help you need from Vida Markets' 24/7 customer support.

customer-support

Educational Resources and Community Support

Vida Markets presents VM Social, a valuable resource for education and community engagement. This platform enables traders to explore the benefits of copy trading by connecting their MetaTrader 4 or 5 accounts to the VM Social community. Through automated copy trading, traders receive real-time updates, diversify across strategy providers, and stay informed about vital trading events. VM Social also fosters interaction among traders through instant messaging, sharing insights, and even the creation of trading groups.

For signal providers and partners, VM Social offers opportunities to increase brand presence, engage with users, and generate additional revenue. It serves as a hub where partners can showcase services, allowing others to follow or copy their strategies, while traders benefit from expert insights. This platform aligns with Vida Markets' multi-regulated brokerage services, emphasizing safe and swift payment methods and empowering traders to excel within a supportive community.

educational-resources

Conclusion

In conclusion, Vida Markets emerges as a trading platform offering an array of advantages and considerations for traders. With its diverse range of tradable assets, multiple account types catering to varying preferences, and the innovative VM Social copy trading platform, traders have opportunities to engage and diversify their strategies. However, it's important to be mindful of the fact that Vida Markets operates without direct regulatory oversight from the US NFA and South Africa FSCA, which could raise potential concerns about trader protection and regulatory adherence. While the platform offers promising features, traders should exercise caution and conduct thorough research before engaging in trading activities on Vida Markets.

FAQs

Q: Is Vida Markets regulated?

A: Vida Markets operates with licenses from regulatory bodies, including the FSCA and NFA. However, it's important to note that its licenses indicate business activities that exceed the scope of conventional regulatory oversight.

Q: What account types does Vida Markets offer?

A: Vida Markets offers three main account types: STP Account, ECN Account, and Islamic Account. The STP Account provides competitive pricing and standard trading conditions, while the ECN Account focuses on low spreads and direct market access. The Islamic Account caters to clients adhering to Islamic finance principles.

Q: What are the available deposit methods?

A: Vida Markets supports various deposit methods, including debit/credit cards, digital wallets, bank transfers, and select cryptocurrencies. However, it does not accept cash or cheques as deposit methods.

Q: What are the trading platforms offered by Vida Markets?

A: Vida Markets offers VM Social, a unique copy trading platform, along with MetaTrader 4 (MT4) and MetaTrader 5 (MT5), well-known platforms in the industry.

Q: How can I contact customer support?

A: You can contact Vida Markets' customer support through email, live chat on their website, or phone. They offer 24/7 support in various regions.

User Reviews

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FX1488637077
more than one year
Loved the wide account options and the metatrader access. Trading Bitcoin with up to 200x leverage? That was a kicker. Powerful charting tools gave it an edge. Great experience all round.
2024-04-26 16:23
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0
0
Vantage
more than one year
Vida Markets' customer service is helpful, but fees are high. The minimum deposit requirement is also quite steep, making it inaccessible for beginners like myself. Moreover, Vida Markets doesn't provide a customer service number for Indian clients, and they don't offer interest-free accounts for non-Muslims.
2024-03-11 11:49
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0
0
FX1616844387
more than one year
I have to say my experience trading stocks with Vida Markets has been quite frustrating. It's challenging to navigate the platform, and there's a lack of progress tracking. I'm genuinely disappointed with the services they provide. The platform's promises sound good initially, but in reality, they turn out to be misleading and filled with empty words.
2024-02-05 21:34
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0
0
Jackrolin
more than one year
Trading with Vida, mate? It's been a right corker! They've got everything sorted, regulation-wise, so I know my coins are safe as houses. They've got this 24/5 trading thing going on, which is brilliant, lets me trade when it tickles my fancy. And the assets they offer? Loads of them, it's like a pick ’n’ mix. The platform is easy to use, but getting the account started was a touch slow. Excellent customer service though – they're there when you're in a fix. Overall, with Vida, I'd say I'm having a ball, despite a few peccadilloes.
2023-09-14 17:34
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0
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M&C hair house -墨林
more than one year
If I had to review Vida Markets as a trader, I'd say it's one of the best platforms I've used in a long time. The spreads are super narrow and the trading platform is top-notch. Orders went through lightning-fast with no delays. Honestly, I'm really impressed with Vida Markets and I'd highly recommend it to any trader who wants a smooth and hassle-free trading experience.
2023-03-24 09:27
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