Asiaprofx Review

About Asiaprofx

Asiaprofx operates under PT Asia Pro Berjangka, which is listed by Indonesia’s BAPPEBTI with business licence No. 862/BAPPEBTI/SI/1/2006 and SPA licence No. 1296/BAPPEBTI/SP/7/2007. The BAPPEBTI register lists separate accounts at Bank Central Asia and Bank Mandiri and identifies asiaprofx.com as the company website.

The official website states that the broker offers forex, gold, silver, oil and global indices, including EUR/USD, USD/JPY, WTI, Brent, Dow Jones, NASDAQ and S&P 500. Trading is offered through MetaTrader 5 for Windows, Android and iOS. The website advertises leverage of up to 1:500 and lists Standard and Gold accounts: the Standard account has a stated minimum initial deposit of $1,000, floating pricing, spreads from 10 and leverage up to 1:500; the Gold account has a stated minimum initial deposit of $5,000, floating pricing, spreads from 10 and leverage of 1:100. Standard-account commission is shown as subject to application, while Gold-account commission is described as variable.

The broker’s official pages describe swap-free access with different conditions: the account page states that Standard swap-free status is available upon application and that Gold accounts receive 15 days, while a separate promotional page states that swap-free access is available with a minimum deposit of $200. These conditions should therefore be checked against the applicable account terms before funding. The official CDD page states that simplified due diligence is limited to individual clients with an initial margin deposit of no more than IDR 10,000,000; if equity reaches at least IDR 25,000,000 at end-of-day settlement, the client must complete standard customer due diligence, otherwise withdrawals and new positions are restricted.

Who it’s for

• Traders seeking access to forex, precious metals, oil and global index instruments through an Indonesian futures broker.
• Clients who want to use MetaTrader 5 on desktop or mobile devices.
• Traders who require leverage of up to 1:500 and are prepared to review the applicable margin and account conditions.
• Individual Indonesian clients who meet the stated requirements for simplified customer due diligence.

Pros and cons

Pros

• Listed by BAPPEBTI under business licence No. 862/BAPPEBTI/SI/1/2006 and SPA licence No. 1296/BAPPEBTI/SP/7/2007.
• Offers forex, metals, oil and global indices.
• Provides MetaTrader 5 for Windows, Android and iOS.
• Advertises leverage of up to 1:500.
• BAPPEBTI records separate IDR and USD accounts at Bank Central Asia and IDR accounts at Bank Mandiri.

Cons

• The advertised minimum initial deposits for the listed Standard and Gold accounts are $1,000 and $5,000 respectively.
• Commission terms are not presented as a single fixed schedule: Standard commission is subject to application and Gold commission is variable.
• Swap-free conditions differ between official pages, with separate references to application-based access, 15 days for Gold accounts and a $200 minimum deposit.
• The highest advertised leverage is available only under stated account conditions and carries high trading risk.