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First State Futures Review

Updated: July 13, 2026
First State Futures
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Contact Info and Support

Traffic information

CategoryMetricsMeaning
RatingsGlobal Rank-
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Engagement metricsVisits0
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Estimated monthly visitsMarch 2026269
April 20260
May 20260
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Direct-

About First State Futures

PT First State Futures, based in Surabaya, Indonesia, holds regulatory licenses: BAPPEBTI license number 18/BAPPEBTI/PN/3/2010, Jakarta Futures Exchange (JFX) membership SPAB‑058/BBJ/01/04, Indonesia Commodity and Derivatives Exchange (ICDX) license 037/SPKB/ICDX/Dir/VIII/2010, and Kliring Berjangka Indonesia (KBI) certificate 15/AK‑KBI/PN/IV/2010. The broker uses segregated bank accounts across multiple Indonesian banks (e.g., BCA, Mandiri, BNI) for client fund protection and offers trading via MetaTrader 4 and JAFeTS Now platforms. Instruments include commodities, indices, currency pairs, U.S. single stocks, metals, energy, and micro multilateral products. Regional restrictions apply; residents of the U.S., Iran, North Korea, Hong Kong, and certain Canadian provinces (British Columbia, Quebec, Saskatchewan) are excluded.

Pros and cons

Pros

  • Licensed by multiple Indonesian regulators, including BAPPEBTI, JFX, ICDX, and KBI
  • Client funds held in segregated accounts across reputable banks
  • Wide range of instruments: commodities, forex, indices, U.S. stocks, metals, energy

Cons

  • BAPPEBTI license has been revoked or flagged in some sources
  • JFX license is noted as "suspicious clone" by third-party alerts
  • Unclear information on spreads, leverage, minimum deposit, fees, and account types
  • Regional restrictions prevent access from several jurisdictions

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