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VU VFSC
2023-08-30
| Vida Markets Review Summary | |
| Registered | 2022 |
| Registered Country/Region | Anguilla |
| Regulation | FSCA (Exceeded) |
| Market Instruments | Forex, Equities, Indices, Commodities, and Cryptos |
| Demo Account | / |
| Leverage | Up to 1:1000 |
| Spread | From 0.1 pips |
| Trading Platform | MT4, MT5, VIDA PAMM, and VM Social |
| Minimum Deposit | / |
| Social Trading | ✅ |
| Customer Support | Live Chat |
| support@vidamarkets.com | |
| Regional Restrictions | North Korea, the United States |
Vida Markets Information
Vida Markets is a foreign exchange and contracts for difference (CFD) broker, offering a variety of trading instruments such as foreign exchange, stocks, indices, commodities, and cryptocurrencies. The company provides the MetaTrader 4/5 platforms and flexible account types, including STP, RAW, and swap-free options.
Pros and Cons
| Pros | Cons |
| Multiple trading instruments | Exceeded FSCA license |
| Swap-free account available | Regional restrictions |
| Support PAMM/MAM account management | High leverage (with higher risks) |
| 24/7 customer support | Partially opaque fees |
| Offer MetaTrader 4 and MetaTrader 5 | No demo account |
| Spread as low as 0.1 pips | |
| Social trading available |
Is Vida Markets Legit?
Vida Markets holds an FSCA license, but its regulatory status is “Exceeded,” which means relatively low security.
| Regulated Authority | Current Status | Licensed Entity | Regulated Country | License Type | License No. |
| Financial Sector Conduct Authority (FSCA) | Exceeded | VIDA GLOBAL MARKETS(PTY)LTD | South Africa | Financial Service Corporate | 42734 |
What Can I Trade on Vida Markets?
| Tradable Instruments | Supported |
| Forex | ✔ |
| Equities | ✔ |
| Indices | ✔ |
| Commodities | ✔ |
| Cryptos | ✔ |
| Shares | ❌ |
| ETFs | ❌ |
| Bonds | ❌ |
| Mutual Funds | ❌ |
Account Type
Vida Markets offers 2 account types. The STP account is suitable for investors who focus on trading costs and have a moderate trading frequency; the RAW account is specifically designed for professional traders with frequent trading activities and a pursuit of low trading costs. In addition, the Swap-Free account is applicable to users in Indonesia, Malaysia, and the Middle East and North Africa (MENA) region.
| Account Type | STP | RAW |
| Spreads | 1.2 pips | 0.1 pips |
| Commission | 0 | From $5/€5/£5 |
| Maximum Leverage | 1:1000 | 1:1000 |
| Min Trade Size | 0.01 | 0.01 |
Leverage
Vida Markets offers leverage of up to 1:1000. High leverage is suitable for experienced traders with strong risk tolerance.
Vida Markets Fees
Spread and Commission
STP Account: No commission, with a fixed spread of 1.2 pips, offering relatively straightforward trading costs.
RAW Account: A spread as low as 0.1 pips, but a commission of at least $5 per lot is charged.
Trading Platform
The platform mainly provides two major trading platforms, MetaTrader 4 (MT4) and MetaTrader 5 (MT5). In addition, traders can also choose VIDA PAMM, and VM Social mobile trading.
| Trading Platform | Supported | Available Devices | Suitable for |
| MT4 | ✔ | PC, web, mobile | Beginners |
| MT5 | ✔ | PC, web, mobile | Experienced Traders |
| VIDA PAMM | ✔ | Mobile | / |
| VM Social | ✔ | Mobile | / |
Deposit and Withdrawal
Vida Markets supports multiple deposit and withdrawal methods, including debit/credit cards, digital wallets, bank transfers, and cryptocurrencies (in some regions).
Social Trading
The social trading function provided by the platform is a major highlight. Investors can view the trading strategies and performance of leading traders in real time and choose to follow their trades.
