{
  "schemaVersion": 1,
  "kind": "demoOffering",
  "id": "vpfx-mt5-lab",
  "urls": {
    "html": "/demo-accounts/vpfx-mt5-lab.html",
    "json": "/demo-accounts/vpfx-mt5-lab.json",
    "markdown": "/demo-accounts/vpfx-mt5-lab.md"
  },
  "policy": "Documentation research, not account or execution testing. Research regions do not establish residence eligibility. Requires Verification is an evidence gap, not proof of unavailability. Source conflicts and product/entity qualifications must remain attached to claims. Demo results do not establish live trading performance.",
  "record": {
    "checked": "2026-10-12",
    "tested": false,
    "funds": null,
    "currency": null,
    "fundsLabel": "Not recorded",
    "fundsNote": "Not stated in reviewed official pages.",
    "expiryType": "unknown",
    "expiry": "Not established",
    "expiryNote": "Not stated in reviewed official pages.",
    "evidence": "documented",
    "signup": "Official Open Demo/Try Demo links; linked client portal could not be read with web tool. Personal-data requirements, identity check and any live-account requirement not verified. Forex page describes practice without real capital.",
    "note": "Obtain demo terms and readable signup fields; independently reconcile MB/20/0046 to regulator licence record; confirm residence-specific onboarding and demo server. Directory listing verifies local licence category, not every marketing claim.",
    "id": "vpfx-mt5-lab",
    "broker": "VPFX",
    "entity": "Ventura Prime FX Limited",
    "regions": [
      "LAB"
    ],
    "region": "LAB",
    "regionLabel": "Labuan, Malaysia",
    "researchScope": "Malaysia — Labuan (international financial centre; not Malaysian domestic retail authorisation)",
    "platform": "mt5",
    "platformLabel": "MetaTrader5",
    "terms": "Demo is explicitly described for forex strategy/indicator practice. Funds, duration, reset, simulation/execution differences and exact demo instruments not stated. UAE VPFX Financial Services LLC is described as introducing/promotional only; trading is with Ventura Prime FX Limited in Labuan.",
    "eligibility": "Broker excludes US, EU, North Korea, Afghanistan, Iran, Iraq, Syria and Yemen, with additional local-law restrictions. LFSA says Labuan money brokers cannot deal with Malaysian residents other than authorised dealers; no claim that Malaysian retail residents qualify. Demo-specific exception not verified.",
    "evidenceNote": "Official broker documentation; see scope and remaining checks. Signup and trading not tested.",
    "sources": [
      "vpfx-1",
      "vpfx-2",
      "vpfx-3",
      "vpfx-4",
      "vpfx-5",
      "vpfx-6"
    ],
    "visit": "vpfx-3",
    "regulation": {
      "status": "Current exact-entity LFSA Money Brokers listing verified through official directory's public data feed; directory file updated9September2026. Forex demo explicitly advertised by same entity. Not found in reviewed LFSA business-restriction list (dated8June2026); absence does not prove absence of all enforcement.",
      "entity": "Ventura Prime FX Limited",
      "regulator": "Labuan Financial Services Authority (LFSA)",
      "finding": "",
      "scope": "Broker excludes US, EU, North Korea, Afghanistan, Iran, Iraq, Syria and Yemen, with additional local-law restrictions. LFSA says Labuan money brokers cannot deal with Malaysian residents other than authorised dealers; no claim that Malaysian retail residents qualify. Demo-specific exception not verified.",
      "sources": [
        "vpfx-reg-1",
        "vpfx-reg-2",
        "vpfx-reg-3",
        "vpfx-reg-4",
        "vpfx-reg-5",
        "vpfx-reg-6"
      ]
    },
    "signupLink": {
      "kind": "instructions",
      "note": "Official instructions mix live and demo requirements; demo-specific KYC/funding and the downstream portal Requires Verification. This information page is not a verified demo-registration form.",
      "status": "Requires Verification",
      "url": "https://www.vpfx.net/forex-trading/",
      "sourceUrl": "https://www.vpfx.net/forex-trading/",
      "checked": "2026-10-15",
      "tested": false,
      "actionLabel": "Read signup instructions"
    },
    "execution": {
      "scope": "Ventura Prime FX Limited · Labuan MT5 CFDs; UAE introducer excluded. Contract capacity is not a regulatory-permission conclusion.",
      "tested": false,
      "role": {
        "value": "Mixed",
        "status": "Documented",
        "note": "Current-linked Terms section 4(c) allows either own-account principal or agent. This contractual wording needs reconciliation with the regulator's money-broking scope; it does not prove either role on every trade.",
        "sources": [
          "ex-c-vpfx-contract"
        ],
        "checked": "2026-10-13"
      },
      "arrangement": {
        "value": "Own venue or third-party venue",
        "status": "Broker-reported",
        "note": "Section 4(c) pairs principal dealing with VPFX as venue and agency with a third-party venue; section 37 describes possible offsets. Actual selection by order remains unspecified.",
        "sources": [
          "ex-c-vpfx-contract"
        ],
        "checked": "2026-10-13"
      },
      "demo": {
        "value": "Requires Verification",
        "status": "Requires Verification",
        "note": "The homepage advertises MT5 demo but the reviewed Terms and homepage do not specify demo slippage, rejection, liquidity or charges.",
        "sources": [
          "ex-c-vpfx-contract",
          "ex-c-vpfx-home"
        ],
        "checked": "2026-10-13"
      },
      "review": {
        "checked": "2026-10-13",
        "outcome": "Role: Mixed; Arrangement: Own venue or third-party venue; Demo: Requires Verification. Official documentation review only; no account or order tests.",
        "remainingChecks": [
          "Reconcile the principal-or-agent contract clause with the exact licensed money-broker scope and establish actual product execution.",
          "Obtain MT5 demo/live execution details."
        ]
      }
    },
    "markets": {
      "scope": "Ventura Prime FX Limited · Labuan, Malaysia · MetaTrader5. Market coverage not yet reviewed.",
      "tested": false,
      "forexCfd": {
        "status": "Requires Verification",
        "note": "Forex CFD demo access has not been established for this entity and platform.",
        "sources": [],
        "checked": null
      },
      "cryptoCfd": {
        "status": "Requires Verification",
        "note": "Cryptocurrency CFD demo access has not been established for this entity and platform.",
        "sources": [],
        "checked": null
      }
    },
    "api": {
      "status": "Requires Verification",
      "type": null,
      "route": "Not established for this offering",
      "note": "API access has not yet been established for this legal entity and demo platform. This does not mean it is unavailable.",
      "requirements": "Confirm the account, platform and regional requirements with the broker.",
      "sources": [],
      "docs": [],
      "checked": null,
      "tested": false
    },
    "launchReviewed": "2026-10-15"
  },
  "sources": {
    "ex-c-vpfx-contract": {
      "title": "Ventura Prime FX Limited Terms of Business",
      "url": "https://www.vpfx.net/wp-content/uploads/2025/10/VPFX_Terms-of-business.pdf",
      "owner": "Broker",
      "checked": "2026-10-13",
      "locator": "Sections 1(a)-(d), 4(c), 37(a)-(b)",
      "access": "Current official homepage Client Agreement link; PDF opened and read."
    },
    "ex-c-vpfx-home": {
      "title": "VPFX official homepage",
      "url": "https://www.vpfx.net/",
      "owner": "Broker",
      "checked": "2026-10-13",
      "locator": "MT5 demo link and execution marketing; Ventura Prime FX Limited footer",
      "access": "Official page/PDF opened and read; no account opened or trading tested."
    },
    "vpfx-1": {
      "id": "SEA-VPFX-REG",
      "title": "LFSA — Financial Institutions Directory, Money Brokers",
      "url": "https://www.labuanfsa.gov.my/financial-institutions-directory?f=6937a2e70f6995c77d871d37",
      "owner": "Regulator: LFSA",
      "evidence": "Exact Ventura Prime FX Limited in Money Brokers file; Labuan address. Current directory feed metadata says file updated9September2026.",
      "access_note": "Official page is JavaScript-rendered. Read ordinary public data endpoints found in its HTML; saved research/labuan-directory.html and research/labuan-Ventura.json. File metadata Active denotes file status, not individual broker-status label."
    },
    "vpfx-2": {
      "id": "SEA-VPFX-REG-DATA",
      "title": "LFSA official directory public data — Ventura search",
      "url": "https://api-v5.xtopia.io/clients/717d5286-17f8-4620-b852-83ca4ffcc30c/public/excel/records/search?fileId=6937a2e70f6995c77d871d37&name=Ventura",
      "owner": "Regulator-published data served by LFSA website provider",
      "evidence": "Name Ventura Prime FX Limited; fileName Money Brokers; SuiteNo22 Skyward Business Centre, Brumby House, Jalan Bahasa, Labuan. No licence number field populated.",
      "access_note": "Public read-only endpoint discovered in official LFSA directory implementation, not a broker/third-party directory."
    },
    "vpfx-3": {
      "id": "SEA-VPFX-DEMO",
      "title": "VPFX — Forex Trading",
      "url": "https://www.vpfx.net/forex-trading/",
      "owner": "Broker",
      "evidence": "MT5 forex page explicitly offers demo accounts for forex strategy and indicator practice without real capital.",
      "access_note": "Opened official page; no signup performed."
    },
    "vpfx-4": {
      "id": "SEA-VPFX-ENTITY",
      "title": "VPFX — official home and legal footer",
      "url": "https://www.vpfx.net/",
      "owner": "Broker",
      "evidence": "MT5 desktop/mobile, demo links, Ventura Prime FX Limited and claimed MB/20/0046; UAE affiliate only introducing/promotional; geographic exclusions.",
      "access_note": "Opened official page; client-portal demo link was not readable through web tool."
    },
    "vpfx-5": {
      "id": "SEA-LFSA-SCOPE",
      "title": "LFSA — Money Broking",
      "url": "https://www.labuanfsa.gov.my/areas-of-business/financial-services/money-broking",
      "owner": "Regulator: LFSA",
      "evidence": "Money brokers act as intermediary, not principal; foreign-currency business; prohibited from dealing with Malaysian residents except authorised dealers.",
      "access_note": "Opened official regulator page."
    },
    "vpfx-6": {
      "id": "SEA-LFSA-RESTRICTIONS",
      "title": "LFSA — Business restriction on Labuan licensed entities",
      "url": "https://www.labuanfsa.gov.my/regulations/enforcement-actions/business-restriction-on-labuan-licensed-entities",
      "owner": "Regulator: LFSA",
      "evidence": "Reviewed list dated8June2026; Ventura Prime FX not among listed restricted entities.",
      "access_note": "Opened official .gov.my page. Limited negative screen only; not comprehensive regulatory clearance."
    },
    "vpfx-reg-1": {
      "id": "SEA-VPFX-REG",
      "title": "LFSA — Financial Institutions Directory, Money Brokers",
      "url": "https://www.labuanfsa.gov.my/financial-institutions-directory?f=6937a2e70f6995c77d871d37",
      "owner": "Regulator: LFSA",
      "evidence": "Exact Ventura Prime FX Limited in Money Brokers file; Labuan address. Current directory feed metadata says file updated9September2026.",
      "access_note": "Official page is JavaScript-rendered. Read ordinary public data endpoints found in its HTML; saved research/labuan-directory.html and research/labuan-Ventura.json. File metadata Active denotes file status, not individual broker-status label."
    },
    "vpfx-reg-2": {
      "id": "SEA-VPFX-REG-DATA",
      "title": "LFSA official directory public data — Ventura search",
      "url": "https://api-v5.xtopia.io/clients/717d5286-17f8-4620-b852-83ca4ffcc30c/public/excel/records/search?fileId=6937a2e70f6995c77d871d37&name=Ventura",
      "owner": "Regulator-published data served by LFSA website provider",
      "evidence": "Name Ventura Prime FX Limited; fileName Money Brokers; SuiteNo22 Skyward Business Centre, Brumby House, Jalan Bahasa, Labuan. No licence number field populated.",
      "access_note": "Public read-only endpoint discovered in official LFSA directory implementation, not a broker/third-party directory."
    },
    "vpfx-reg-3": {
      "id": "SEA-VPFX-DEMO",
      "title": "VPFX — Forex Trading",
      "url": "https://www.vpfx.net/forex-trading/",
      "owner": "Broker",
      "evidence": "MT5 forex page explicitly offers demo accounts for forex strategy and indicator practice without real capital.",
      "access_note": "Opened official page; no signup performed."
    },
    "vpfx-reg-4": {
      "id": "SEA-VPFX-ENTITY",
      "title": "VPFX — official home and legal footer",
      "url": "https://www.vpfx.net/",
      "owner": "Broker",
      "evidence": "MT5 desktop/mobile, demo links, Ventura Prime FX Limited and claimed MB/20/0046; UAE affiliate only introducing/promotional; geographic exclusions.",
      "access_note": "Opened official page; client-portal demo link was not readable through web tool."
    },
    "vpfx-reg-5": {
      "id": "SEA-LFSA-SCOPE",
      "title": "LFSA — Money Broking",
      "url": "https://www.labuanfsa.gov.my/areas-of-business/financial-services/money-broking",
      "owner": "Regulator: LFSA",
      "evidence": "Money brokers act as intermediary, not principal; foreign-currency business; prohibited from dealing with Malaysian residents except authorised dealers.",
      "access_note": "Opened official regulator page."
    },
    "vpfx-reg-6": {
      "id": "SEA-LFSA-RESTRICTIONS",
      "title": "LFSA — Business restriction on Labuan licensed entities",
      "url": "https://www.labuanfsa.gov.my/regulations/enforcement-actions/business-restriction-on-labuan-licensed-entities",
      "owner": "Regulator: LFSA",
      "evidence": "Reviewed list dated8June2026; Ventura Prime FX not among listed restricted entities.",
      "access_note": "Opened official .gov.my page. Limited negative screen only; not comprehensive regulatory clearance."
    }
  }
}