VIBHS Review 2024
Website: www.vibhsfinancial.co.uk
Min. Deposit: US$ 200
Leverage: 1:30
Trading Platforms: MT4
Regulation: FCA
Headquarters: UK
Founded: 2013
Regulatory Licenses:
- VIBHS Financial Ltd - authorized by FCA (UK) license no 613381
Updated on January 4, 2024
Quick Links
In our comprehensive review process, we meticulously evaluate forex brokers based on a wide range of criteria. This includes an in-depth analysis of regulatory compliance, trading platforms, fees, spreads, customer support services, and the overall trading experience. Our findings are then compared against a benchmark of 1000 brokers to ensure an accurate and reliable recommendation.
VIBHS is a prominent online broker that specializes in Forex and CFD trading, catering to both retail and professional traders. The broker is headquartered in London and operates under the strict regulation of the Financial Conduct Authority (FCA), guaranteeing a secure and trustworthy trading environment. VIBHS prides itself on offering a seamless trading experience, featuring rapid execution speeds and a robust trading platform. As a result, VIBHS stands out as a dependable and efficient broker that meets the diverse trading needs of its clientele.
Pros
Well-known and reliable MT4 trading platform
Features such as Multi Account Manager (MAM) and Fixed API Plugin
Competitive fees with raw spreads starting from 0.0 pip
24/7 customer support
Cons
Limited selection of trading instruments and markets
Regulated by only one regulatory body
VIBHS Review Summary in 10 Points
Headquarters: UK
Regulation: FCA
Platforms: MT4
Instruments: Forex, Indices, Commodities, and Stock CFDs
EUR/USD Spread: 0.0 pips
Demo Account: Available
Minimum Deposit: $200
Base Currencies: GBP, EUR, USD
Education: Limited
Customer Support: 24/7
Overall VIBHS Ranking
VIBHS offers a secure, competitive trading environment with low fees and spreads for its variety of trading instruments. This makes it an appealing choice for traders at any level of experience. Based on our extensive testing and comparison with over 1000 brokers, VIBHS's Overall Ranking stands at 4.3 out of 5.
VIBHS is a legitimate and trustworthy brokerage, regulated by the esteemed FCA in the UK. The rigorous standards and guidelines enforced by the FCA ensure that VIBHS operates with the highest integrity and reliability, safeguarding the interests of its traders.
Is VIBHS Legit?
Indeed, VIBHS is a legitimate, FCA-regulated broker. Adherence to regulatory requirements not only enhances the security of the trading platform but also instills confidence among traders opting for VIBHS. Our research indicates VIBHS's Trust Score to be 4.4 out of 5, reflecting its commendable reputation and the quality of services it provides.
How Are You Protected?
VIBHS ensures the safety of its clients' funds by segregating them from the company's operational accounts, preventing their use for any operational expenses. Moreover, the broker offers negative balance protection and upholds funds protection up to £85,000 per individual under the Financial Services Compensation Scheme (FSCS), thereby offering an additional layer of security for traders' investments.
Leverage can significantly amplify both profits and losses in trading. It's vital for traders to fully understand the implications of leverage before utilizing it in their trading strategies. In accordance with FCA regulations, VIBHS offers lower leverage levels, capping at 1:30 for major currency pairs for UK traders, aligning with the need for prudent risk management.
Account Types
In our evaluation of VIBHS broker, we discovered that traders have a choice between Individual and Corporate account types. Additionally, for those new to the trading world, there's the option to start with a Demo account at no cost. This demo account allows newcomers to hone their trading skills and test out strategies without any financial risk.
How to Open VIBHS Live Account?
Setting up an account with VIBHS is a straightforward process that can be completed in a few minutes. To initiate, navigate to the account opening or sign-in page and follow the guided steps:
Select and Click on the "Start Live Account" page
Fill in the necessary personal details (Name, email, phone number, etc.)
Verify your identity by uploading documentation (proof of residence, ID, etc.)
Finish the electronic quiz to confirm your trading knowledge
Once your account is verified and activated, you can proceed with depositing funds.
Trading Instruments
VIBHS provides a range of popular markets for its clients, including Forex, Indices, Commodities, and Stock CFDs. Forex trading, being the most recognized, offers significant volatility and liquidity with spreads that start as low as 0.0 pips. The VIBHS Markets Range Score is 4.3 out of 5, reflecting the broad selection of trading instruments available. However, it is worth noting that several popular asset classes, such as cryptocurrencies (which are generally banned in the UK), futures, and bonds are not offered. This limitation might make it worthwhile for traders to explore other brokers.
VIBHS Fees
VIBHS provides competitive pricing on its trading instruments, featuring raw spreads that begin from 0.0 pips. Nonetheless, fees can vary based on the account type and the financial market selected. Additionally, traders may encounter extra charges like swap or rollover and inactivity fees. When compared to over 1000 other brokers for all applied fees, VIBHS Fees are considered average with an overall rating of 4.2 out of 5.
Based on our test trades, VIBHS offers floating spreads, with an average spread of 1 pip for the widely traded EUR/USD currency pair in the Forex market, commencing from 0.0 pips. The broker also provides competitive tight spreads for all major currency pairs and other popular trading instruments. The VIBHS Spreads are rated as low or average, with an overall score of 4.5 out of 5, based on our comparative testing with other brokers. The Forex spread aligns with the industry average, and the spreads on other instruments are also quite competitive, marking a significant advantage.
VIBHS offers a variety of deposit and withdrawal options to accommodate the needs of traders globally. These options include bank wire transfers, credit/debit cards, and several online payment services. The conditions and requirements for each payment method may vary depending on the trader's bank and country of residence.
VIBHS's methods for funding accounts received a commendable score of 4.3 out of 5. The broker is notable for its low fees and the flexibility of account-based currencies.
Here are some notable points regarding VIBHS's funding methods:
Deposit Options
Bank Wire
Credit/Debit cards
Skrill
Neteller, among others
VIBHS Minimum Deposit
To start trading with VIBHS, a minimum deposit of $200 is required, which is competitive compared to many brokers demanding a $500 initial deposit.
VIBHS Withdrawals
Withdrawals with VIBHS are efficient and swift, with requests typically processed within 24 hours, allowing clients quick access to their funds.
How to Withdraw Money from VIBHS Step by Step:
1. Log in to your account
2. Select 'Withdraw Funds' in the menu tab
3. Enter the withdrawal amount
4. Choose the withdrawal method
5. Complete the electronic request with necessary details
6. Confirm withdrawal information and submit
7. Monitor the status of your withdrawal through your Dashboard
VIBHS provides access to the renowned MetaTrader 4 (MT4) trading platform, available on desktop, web, and mobile devices. This accessibility enables traders to engage with the markets and execute trades from virtually anywhere. The MT4 platform is celebrated for its intuitive interface, wide array of functionalities, and support for automated trading, making it a suitable choice for a diverse range of traders.
VIBHS's platform offering is rated highly, with a score of 4.3 out of 5, in comparison to over 1000 other brokers. Its adoption of the MT4 platform is a significant advantage, catering to those who prefer this professional trading environment.
Trading Tools
VIBHS's trading tools are robust, including advanced charting options, multiple chart types and timeframes, an economic calendar, and a variety of technical indicators to aid in market analysis. Additionally, the broker offers a Multi Account Manager (MAM) feature within the MT4 platform for money managers to execute bulk orders across numerous accounts. An Application Programming Interface (API) is also available, facilitating communication between applications, allowing for custom integrations and unique trading solutions. Furthermore, a social trading feature is provided, enabling the sharing of trades and trading signals within the community. The MT4 platform's support for automated and algorithmic trading through Expert Advisors (EAs) further enhances the trading experience, especially for those seeking a more passive trading strategy.
VIBHS prides itself on offering 24/7 multilingual customer support via live chat, email, and phone. The broker employs a team of trading experts ready to assist clients with a wide range of issues, from technical glitches to market analysis advice and general queries. The quality of customer support at VIBHS is rated favorably, with a score of 4 out of 5, based on our evaluations. The team's responsive and knowledgeable service, accessible throughout the week, underscores the broker's commitment to client satisfaction.
VIBHS provides a demo account for those interested in practicing trading strategies without financial risk, an invaluable educational resource for beginners. The broker's market analysis section offers comprehensive insights, including daily market reviews, trading signals, and economic calendars, essential for enhancing trading knowledge and skills. Despite these offerings, VIBHS's educational content is rated at 3.3 out of 5, as it lacks a dedicated educational section on its website, as well as seminars and webinars, which could further benefit novice traders.
In summary, our review of VIBHS as a forex broker highlights a secure and competitive trading environment with reasonable spreads and pricing across its financial instruments. The availability of the MetaTrader 4 platform across desktop, web, and mobile interfaces, along with advanced charting features, automated trading capabilities, and a social trading option, makes VIBHS a comprehensive choice for traders. However, the limited educational materials and research might not cater to the needs of beginner traders.
Based on our analysis, VIBHS is a dependable broker suitable for traders at all experience levels. Nevertheless, we recommend that potential traders conduct thorough research to ensure the broker aligns with their specific trading requirements.
According to our findings and financial expert opinions, VIBHS is recommended for:
Traders from the UK
CFD and currency trading
Users of the MT4 platform
Advanced traders
White Label solutions
Scalping/Hedging strategies
STP/NDD execution
Copy Trading
Competitive spreads
EA/Auto trading
Comprehensive trading tools
24/7 customer support
