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The best forex brokers in Indonesia are currently increasing. These brokers have permits and have been regulated by BAPPEPTI so that transactions are increasingly secure and can be supervised by BAPPEPTI itself. For more complete information about the best forex brokers, you can read the article below in detail. However, don't forget before reading this article, make sure you have downloaded the GICTrade application on the App Store or Play Store so you can take part in the GIC Trading Competition.
What is a Forex Broker?
Broker Forex is a company or party that will provide a retail transaction service to be able to manage traders when making Forex trading transactions. Forex brokers themselves are parties who can later serve retail transactions so that each trader can later be able to do forex trading by forwarding requests from traders to brokers until finally each request from traders can be accommodated in the forex market. The best forex broker itself can be a company, institution, agent, or individual.How Do Brokers Work?
The broker itself will have a direct connection to the stock exchange and will sell OTC or over the counter products. The broker itself cannot go alone as a private trader so it must require at least a permit and infrastructure in accordance with the applicable license. Later, orders from customers will be directly forwarded to the stock exchange. Traders themselves can see fluctuations in prices or various other financial products, by simply accessing the trading platform. Some brokers, both forex and other instruments, will have different working systems depending on their respective offers. The provider will distribute their financial products to customers where later the broker can get a commission fee and also from the trade itself. They will also get security of funds and infrastructure in return.What is the Role of a Forex Broker?
Forex brokers themselves, as service providers certainly have a very important role in its management. For its role itself, you can understand it below.Make a Transaction
The main task of a broker is to bridge and be responsible for all implementation of transactions that occur between investors and their capital markets. Transactions carried out are counted from, starting from sales to purchases that must be in accordance with investor orders. After completing the agreement, the broker will be responsible for being able to prepare and also complete several documents that will be needed for the sale.Capital Market Analysis
The next task of the broker is to be able to analyze the capital market which will then provide the best advice to investors. In order to get maximum profit and also minimize failure, the broker must be careful and clever in understanding a market situation.Maintain Relationships With Customers
Providing a service to customers is a basic task of a broker. The broker himself will be responsible for maintaining a good relationship by assessing the needs of customers, identifying a problem, recommending a solution to the customer, and then following up. Before continuing to the list of the best and legal forex brokers in Indonesia, when you want to trade, make sure to do a Trader Assessment survey to consult the trading itself.What are the Best and Legal Forex Brokers?
For those of you who are curious about the best and legal forex brokers in Indonesia, here are some of the brokers who are the best forex brokers themselves.PT Trijaya Pratama Futures
The first best forex broker is Trijaya Pratama Futures which is officially registered with Bappebti and has become a member of the Jakarta Futures Exchange and the Indonesian Futures Clearing House. Trijaya Pratama Futures was established in 2004, this brokerage company claims to have 50,000 customers and has branch offices located not only in Jakarta, but also in Medan and Makassar. Customer funds are guaranteed because they are deposited into a separate account or segregated account at a bank appointed and determined by the regulator in Indonesia, namely Bappebti. Regarding fund withdrawals, Trijaya Pratama guarantees that this can be done very easily. For beginners or traders who have just joined this brokerage company, you can create a demo account first. Trijaya Pratama Futures maintains its consistency to always be the best forex broker from 2020 to 2021.PT Inter Pan Pasifik Futures
Established since 2004, Inter Pan Pasifik Futures has been officially registered with Bappebti and is a member of the Jakarta Futures Exchange. This brokerage company provides low spreads starting from 0 and provides free educational services. You can also try trading directly by opening a demo account. Financial transaction reports will be sent to customer emails periodically or daily. All investor funds are placed in segregated accounts at banks approved by Bappebti and are only used for customer transaction purposes. Accounts are available in US dollars and rupiah. Inter Pan Pasifik Futures provides 24-hour customer service to customers via telephone.PT Bestprofit Futures
PT Bestprofit Futures has been established since 2004 and has been officially registered with Bappebti. This brokerage company has 10 operational offices in Indonesia such as in Jakarta, Bandung, Surabaya, Malang, Banjarmasin, Pontianak, Jambi, and Pekanbaru. This provides convenience and comfort for customers from outside the city even though investment and trading can be done online. PT Bestprofit Futures has also become a member of the Jakarta Futures Exchange and the Indonesian Futures Clearing House. For those who are just starting to learn or are not yet confident in opening a live trading account, you can simulate transactions by trying it on a demo account. Withdrawals can be processed in one business day. All investor funds are placed in segregated accounts at banks approved by Bappebti. These funds are only used for customer transaction purposes.PT Didi Max Futures
This brokerage firm has been established since 2004 and has claims of low spreads and competitive fees. Didi Max Berjangka has been registered with Bappebti and is a member of the Jakarta Futures Exchange and the Indonesian Futures Clearing House. Not only does it have a 24-hour support team service, deposits and withdrawals can be made in just 20 minutes without any fees. All investor funds are placed in segregated accounts at banks approved by Bappebti. These funds are only used for customer transaction purposes and trading can be done on various trading platforms.PT Monex Investindo Futures
The next best forex broker is Monex Investindo Futures or commonly abbreviated as MIFX. This company has been established since 2000 and is officially registered with Bappebti and is a member of the Jakarta Futures Exchange and the Indonesian Futures Clearing House. If you are a beginner, don't worry, MIFX provides trading education and a demo account for practice. MIFX also has an application that you can download via the Google Play Store or App Store. With the MIFX application, you can trade anywhere and anytime, starting from registration, account management, to forex transactions for 24 hours. Not only that, you will also get real-time trading signals from various trusted sources. All investor funds are placed in segregated accounts at banks approved by Bappebti. These funds are only used for customer transaction purposes. MIFX has the advantage of same day withdrawal, namely that withdrawals can be processed on the same day.PT Equityworld Futures
Established since 2005, PT Equityworld Futures has been registered with Bappebti and is a member of the Jakarta Futures Exchange and the Indonesian Futures Clearing House. The company has 6 operational offices in Jakarta, Surabaya, Semarang, Medan, Samarinda, and Manado. You can also try trading directly by opening a demo account. Financial transaction reports will be sent to customer emails periodically or daily. All investor funds are placed in segregated accounts at banks approved by Bappebti and are only used for customer transaction purposes. As for fund withdrawals, you can make withdrawals at any time with a process of one working day.PT Kontakperkasa Futures
The next brokerage company that is included in the list of the best forex brokers is PT Kontakperkasa Futures which has been established since 2000 and has been registered with Bappebti and has become a member of the Jakarta Futures Exchange and the Indonesian Futures Clearing House. Kontrakperkasa has 7 operational offices spread across Jakarta, Bandung, Surabaya, Yogyakarta, Semarang, Makassar, and Bali. This brokerage company also provides you with a demo account facility. You can also register and trade by downloading Kontrakperkasa Futures' Trade Pro application. All investor funds are placed in segregated accounts at banks that have been approved by Bappebti and are only used for customer transaction purposes. As for fund withdrawals, you can make withdrawals at any time with a process of one working day.PT Valbury Asia Futures
This brokerage company was established in 1999 and has been registered with Bappebti and is a member of the Jakarta Futures Exchange and the Indonesian Futures Clearing House. Customer funds are deposited into separate accounts or segregated accounts at banks appointed and determined by the regulator in Indonesia, namely Bappebti.PT Mahadana Asta Berjangka
The next best forex broker is PT Mahadana Asta Berjangka which was established in 2004 and has been registered with Bappebti. This brokerage company provides educational facilities and has several advantages such as low spreads, withdrawals or withdrawals of funds are processed and disbursed on the same day, provides various trading tools to increase profits, and provides online and offline customer consultation services. Fund security is guaranteed and safe in a separate account. This ranking of the best forex brokers is made based on reports that have been released every month by the Indonesian Derivatives Clearing House for the 10 most active brokerage companies. This ranking is made not in order and can change every month. After knowing the best forex broker, don't forget to invite your friends to be able to trade or join as IBs with additional income in each activity.How to Choose the Best and Most Trusted Forex Broker
In choosing the best forex broker, you need to pay attention to the 4 things below so that customers can understand which brokers are credible, the best and also trustworthy or which brokers are fraudulent and deceptive.- Proven Regulatory Status As a credible forex broker, the broker must comply with and obey all rules set by the financial regulator in the country where the broker conducts business and is based.
- Having a Clear Identity The identity is such as when the broker was founded, a clear and complete address of the head office, addresses of branch offices (if any), telephone number, list of regulations, providing online chat services, email and others.
- Providing Easy Facilities among the conveniences that can be provided by the best and most trusted forex brokers such as small spreads, dynamic leverage, reliable trading platforms with complete technical analysis facilities, there are free demo accounts as a training medium for traders, easy deposit and withdrawal methods.
- Providing Communicative Customer Support: Communicative and fast response customer support services will provide added value for the best forex brokers.
Related Topic
Here we will summarize some questions that traders usually ask when choosing a GIC broker. The questions are:Is GICTrade Good?
GIC is a breakthrough platform of two of the most advanced technologies, namely MetaTrader 5 and Blockchain, which has given birth to a revolutionary P2P trading platform based on blockchain, which has transparent transactions that bring together its own traders with market makers who have registered with GIC. In addition, GIC also has various attractive promos for its customers, both beginners and professionals. In addition, the GICTrade application also has various features such as GIC Social Trade, GIC Signal, GIC Academy, GIC Bridge, and GIC Affiliate.Is GICTrade Safe?
As mentioned earlier, all transactions in GIC are very safe and transparent. You can become a trader or a market maker if you make transactions in GIC itself. With the presence of both parties, namely traders and market makers, all buying and selling transactions become very transparent.Is GICTrade Legal
The GIC platform has become a safe and legal trading platform. All transactions from its customers will be reported directly to the Jakarta Futures Exchange (BBJ) and also the Indonesian Futures Clearing House (KBI) which have been directly supervised by BAPPEPTI with permit number 407 / BAPPEBTI / SI / VII / 2004 through PT. Trijaya Pratama Futures and also PT. Capital Megah Mandiri with permit number 733 / BAPPEBTI / SP / 6/2005 as partners in Indonesia.Becoming a Broker at GICTrade (Market Maker)
Usually, to become a broker requires a large financial institution such as a bank or hedge fund, but at GIC you can make yourself a market maker or what is called a Liquidity Provider (LP) yourself. For those of you who want to become a market maker, the process of acting as a market maker is relatively easy. As we all know, for a transaction to occur, 2 parties are needed, namely the buyer and the seller who have agreed to make the transaction at a certain price. So if a trader opens a buy position, the market maker will later open a sell position and vice versa so that it will be said that a buy-sell transaction has occurred.The role as the one who always "completes" the transactions of traders becomes a market maker. Thus, it is clear that the position of the trader and the market maker will always be opposite. If the trader makes a buy, then the market maker will sell. In other words, if the trader will profit, then the market maker will experience a loss. And vice versa.
Benefits of Being a Market Maker
In becoming a market maker, there are certainly advantages that you can get later. These advantages are such as spread income from traders that market makers can have, profit from trader transactions, capital starting from only 5,000 GICT, 24 hours can make deposits and withdrawals, you can also enjoy passive income, monitor personal Metatrader accounts, and make transactions that can be done Live 24 hours.
