Vida Markets is a broker that provides trading services in forex, commodities, stocks, and indices for investors. The official website of Vida Markets is https://www.vidamarkets.com/, and it supports languages such as Simplified Chinese, Traditional Chinese, English, Spanish, Portuguese, Vietnamese, Thai, and Hindi. According to the Whois search for the website's domain registration, the company's official domain was registered on February 9, 2022, and it has been more than a year since the registration.
Company Background:
Vida Markets' official website indicates that the company is registered in South Africa. The results of a search on the Financial Sector Conduct Authority (FSCA) website show that the company's registration information is genuine. Additionally, the Whois search for the website's domain registration confirms that the official domain was registered on February 9, 2022.
Account Registration:
Vida Markets' official website provides a registration link for real accounts. To register a real account, users can click on "START LIVE TRADING" on the left side of the website to access the account registration page. Users need to select or fill in information such as the trading platform type, trading account currency, leverage ratio, name, email, date of birth, country, phone number, preferred communication language, password, etc., to complete the registration. Moreover, the real account registration page on Vida Markets supports multiple languages, including Simplified Chinese, Traditional Chinese, English, Spanish, Portuguese, Vietnamese, Thai, and Hindi. However, the website does not provide a registration link for demo accounts.
Account Types:
Vida Markets offers three types of trading accounts: STP ACCOUNT, ECN ACCOUNT, and ISLAMIC ACCOUNT. These accounts differ in terms of spreads, commissions, and other features. In addition to these, Vida Markets provides Individual Account, Joint Partnership Account, and Corporate Business Account as account models.
Trading Products:
Vida Markets' official website indicates that the company offers trading services in forex, commodities, stocks, and indices. The website provides information on the spreads, commissions, maximum leverage, and other details for specific trading products. However, the website does not provide information on the margin requirements for specific trading products.
Margin Ratios:
Vida Markets' official website displays the maximum margin ratios for different account types but does not provide specific information on the margin ratios for different trading products within each account type.
Trading Hours:
The official website of Vida Markets does not provide information on the trading hours for specific trading products in forex, commodities, stocks, and indices.
Deposits and Withdrawals:
Vida Markets only displays possible deposit methods on its official website and does not provide information on supported deposit currencies, fees, deposit processing times, withdrawal methods, supported withdrawal currencies, withdrawal fees, and withdrawal processing times.
Trading Software:
Vida Markets' official website indicates that the company provides two trading platforms: MetaTrader4 (MT4) and MetaTrader5 (MT5). These platforms are available for desktop (Windows/MacOS), web, and mobile (IOS/Android) use. However, users in certain countries or regions may encounter issues such as being unable to download or install the Android version of MT4 and MT5, or experiencing slow download and installation speeds.
Other Services:
Vida Markets' official website indicates that the company offers VM Social service, allowing investors to copy or adopt trading strategies used by signal providers.
Regulatory Information:
According to Vida Markets' official website, the company is regulated or authorized by the Financial Sector Conduct Authority (FSCA) in South Africa. The results of a search on the Financial Sector Conduct Authority (FSCA) website confirm that the company's regulatory or authorization information is genuine.
Conclusion:
Vida Markets is a broker operating legitimately. While the official website does not provide specific information on margin ratios for trading products, trading hours, or detailed deposit and withdrawal information, the website displays genuine company registration and regulatory or authorization information, as confirmed by the Financial Sector Conduct Authority (FSCA) website. Based on this information, Vida Markets appears to be a broker operating legitimately. TraderKnows reminds you to be vigilant about your financial security and avoid falling into fraudulent schemes.
