TPFx
Pros and Cons
Pros
- Regulated by BAPPEBTI, ensuring oversight and security
- Offers both MT4 and MT5 trading platforms
- Multiple account types with low commissions
- Leverage up to 1:400 for increased trading potential
- No deposit or withdrawal fees, enhancing cost-effectiveness
Cons
- Not regulated by major authorities outside Indonesia
- No cryptocurrency or stock trading options
- Minimum deposit requirements not disclosed
- Limited international payment methods
- Customer service response times can be slow
Basic Information
User Reviews
TPFx Overview
TPFx, officially known as PT Trijaya Pratama Futures, was established in 2004 and is headquartered in Jakarta, Indonesia. The broker operates under the regulation of BAPPEBTI, the Indonesian Commodity Futures Trading Regulatory Agency, holding a Retail Forex License (license number 407/BAPPEBTI/SI/VII/2004). This regulatory oversight ensures that TPFx adheres to the necessary compliance standards, enhancing trust and security for its clients in the forex trading market.
TPFx offers a diverse array of trading instruments, including forex, commodities such as gold and silver, and stock indices, making it a versatile choice for traders. The broker supports both MetaTrader 4 and MetaTrader 5 platforms, which provide advanced charting tools and automated trading functionalities. Customer support is available via email and phone, with a commitment to responsive service. TPFx distinguishes itself through competitive trading conditions, including low spreads and the option for swap-free accounts, catering to various trading styles and preferences. Overall, TPFx presents a reliable environment for forex trading, especially for traders seeking a regulated Indonesian broker.
Is TPFx Safe? Regulation Analysis
Regulatory Information
| Regulatory Authority | Country/Region | Fund Protection Measures |
|---|---|---|
| BAPPEBTI | Indonesia | Segregated Funds, Investor Compensation Scheme |
Is TPFx Regulated and How Are Client Funds Protected?
TPFx is a regulated broker under the supervision of BAPPEBTI (Badan Pengawas Perdagangan Berjangka Komoditi) in Indonesia. With a license number of 407/BAPPEBTI/SI/VII/2004, TPFx provides a legitimate trading environment for its clients, ensuring compliance with local regulations. Client funds are protected through segregation into separate accounts at designated banks, which safeguards them against potential insolvency. Additionally, BAPPEBTI requires brokers to participate in an investor compensation scheme, adding another layer of safety for traders. This regulatory oversight contributes to TPFx’s reputation as a safe and trustworthy broker in the financial market.
Trading Products and Services
What trading instruments does TPFx offer?
| Asset Category | Available Products | Total Count (if available) |
|---|---|---|
| Forex | EUR/USD, GBP/USD, USD/JPY, AUD/NZD | 35+ |
| Commodities | Gold, Silver, Crude Oil | 3 |
| Indices | S&P 500, NASDAQ, FTSE 100 | 5+ |
| Stocks | CFDs on US and UK Stocks | Varies |
| Cryptocurrencies | None |
TPFx provides a diverse range of trading instruments, with a strong emphasis on Forex, including over 35 currency pairs. The inclusion of commodities like gold and oil, alongside major stock indices, caters to a variety of trading strategies and preferences. This broad asset coverage ensures that both beginner and experienced traders can develop flexible trading strategies and achieve portfolio diversification. By offering multiple asset categories, TPFx enhances user adaptability, allowing traders to align their investments with market trends and personal financial goals. The platform’s focus on diverse product offerings ultimately supports traders in navigating the complexities of global financial markets effectively.
Account Types and Trading Conditions
What Account Types and Fees Does TPFx Offer?
| Account Type | Target User Group | Essential Characteristics | Applicability Notes |
|---|---|---|---|
| Retail Account | Beginners and casual traders | Low minimum deposit, user-friendly platform access | Ideal for new traders looking for a straightforward trading experience |
| Professional Account | Experienced traders | Higher leverage, tailored services, lower spreads | Requires proof of trading experience and volume |
| Corporate Account | Corporate clients | Custom trading solutions, dedicated account management | Requires corporate documentation and verification |
| Islamic Account | Traders following Sharia law | Swap-free trading, compliant with Islamic finance principles | Available on request, suitable for long-term trading |
| Demo Account | All traders | Risk-free trading environment, practice without real funds | Ideal for testing strategies and familiarization with the platform |
Account Opening Process
To open an account with TPFx, follow these steps: First, submit your personal information, including your name and contact details. Next, provide employment and financial information to assess your trading experience and capacity. You will also need to complete identity verification by uploading a valid ID and proof of address. TPFx offers account flexibility, allowing you to upgrade to a professional account later if you meet the necessary criteria.
Trading Fees
| Product | Spread (pips) | Commission | Notes |
|---|---|---|---|
| Forex (EUR/USD) | 0.8 | $0 (ECN: $3.5/lot) | Tight spreads for major pairs |
| Forex (GBP/USD) | 0.9 | $0 (ECN: $3.5/lot) | Competitive rates |
| CFDs (Stocks) | 1.5 | $5 per lot | Includes various stock indices |
| CFDs (Commodities) | 2.0 | $5 per lot | Includes gold and silver |
| Cryptocurrencies (BTC/USD) | 1.0% | 0.1% | Variable depending on market volatility |
Other Fees
TPFx maintains a transparent fee structure. There are no deposit or withdrawal fees, making it cost-effective for clients. However, it’s important to note that inactivity fees may apply if the account remains dormant for an extended period. Additionally, overnight interest (swap rates) may be charged for regular accounts, depending on the instruments held. Currency conversion fees may also apply for transactions involving different currencies.
Trading Platforms and Apps
What Trading Platforms and Apps Does TPFx Offer for Traders?
| Platform | Device Support | Key Features | Additional Services |
|---|---|---|---|
| MetaTrader 4 (MT4) | Windows, macOS, iOS, Android | 2FA, encryption, multiple order types, price alerts, technical indicators | Demo accounts, VPS, API access |
| MetaTrader 5 (MT5) | Windows, macOS, iOS, Android | 2FA, encryption, advanced order types, push notifications, economic calendar | Demo accounts, VPS, API access |
| Web Version | All browsers | Encryption, one-click trading, symbol lookup, real-time alerts | Demo accounts, VPS |
| Mobile App | iOS, Android | Biometrics, price alerts, one-click trading, live market updates | Demo accounts |
TPFx offers a range of trading platforms tailored to different trader needs. The MetaTrader 4 (MT4) platform is well-suited for beginners with its user-friendly interface and essential trading tools. In contrast, MetaTrader 5 (MT5) appeals to advanced traders with its additional features for market analysis and automated trading.
The web version provides a versatile trading experience across devices, while the mobile app ensures traders can monitor markets and execute trades on the go. TPFx emphasizes security with features like two-factor authentication and encryption, ensuring safe access to accounts. Overall, TPFx supports mobile trading, secure logins, fast order execution, real-time alerts, and efficient search tools across its platforms.
Deposit and Withdrawal
Deposit and Withdrawal Options
| Payment Method | Processing Time | Fees | Limits | Base Currency Options |
|---|---|---|---|---|
| Bank Transfer | Deposit: 30 minutes, Withdrawal: Same day if before 11:00 WIB | No platform fees, but bank charges may apply | Min Deposit: 100 USD or equivalent, Max Withdrawal: 50,000 USD/day | USD, IDR |
| Credit/Debit Card | Deposit: Instant, Withdrawal: 1-2 days (after verification) | No platform fees, but cash advance fees may apply | Min Deposit: 100 USD, Max Withdrawal: 10,000 USD/transaction | USD, IDR |
| E-wallets (PayPal, Skrill, Neteller) | Deposit: Instant, Withdrawal: Same day | No platform fees, but e-wallet fees may apply (1-2%) | Min Deposit: 50 USD, Max Withdrawal: 10,000 USD/transaction | USD, IDR |
| Local Payment Methods (GrabPay, etc.) | Deposit: Instant, Withdrawal: 1-2 days | No platform fees, but local fees may apply | Min Deposit: 10 USD, Max Withdrawal: Varies by method | Supports local currencies |
Compliance & Security Background
Withdrawals must return to the original payment method due to anti-money laundering (AML) and know-your-customer (KYC) requirements, ensuring traceable fund flows. First-time large withdrawals (over 2,000 USD) require identity documents (passport) and address proof (utility bill), with additional scrutiny for suspicious transactions.
Regional Differences
Southeast Asian users may prefer GrabPay; European clients often use SEPA transfers; Latin American users rely on domestic banks. Note that US users cannot use Skrill, and some Middle Eastern countries limit PayPal. Partner banks in Japan may offer zero-fee transfers.
Cost Optimization Tips
- Small Deposits (<1,000 USD): Prioritize e-wallets or credit cards for instant, fee-free deposits.
- Large Deposits (>5,000 USD): Use bank transfers for a lower total cost despite slower processing times.
- Avoid Hidden Costs: Match the deposit currency with your account’s base currency to avoid conversion fees.
- Multi-base Currency Accounts: Choose brokers with several base currency options to minimize cross-currency fees.
How to Withdraw
To withdraw funds, log in to your account, navigate to the withdrawal section, select your payment method, enter the amount, and confirm the transaction. Ensure you have completed KYC requirements and any necessary documentation for larger withdrawals.
Customer Support
TPFx Customer Support Overview
Support Channels
TPFx offers a range of contact methods to ensure that customers receive the support they need. These include:
- Email: Clients can reach out via support@tpfx.co.id for assistance with inquiries and support requests.
- Live Chat: The live chat feature on the TPFx website provides instant help for quick questions and issues.
- Telephone: Clients can contact TPFx directly at +62212527577 for immediate support.
- Social Media: TPFx maintains an active presence on platforms like Facebook, where clients can engage with the support team.
Service Availability
TPFx’s customer service is available 24/5, providing support from Monday to Friday. The support team is proficient in Indonesian, catering primarily to the local market. Multilingual support is limited, which may affect non-Indonesian speakers seeking help.
Additional Resources
To enhance the trading experience, TPFx offers a variety of educational resources, including:
- Video tutorials to guide traders through the platform.
- Webinars covering trading strategies and market analysis.
- Regular market analysis reports to keep clients informed about market trends.
- Trading signals to assist traders in making informed decisions.
TPFx is committed to providing effective support and helpful resources to its clients, ensuring that they can navigate the trading environment with confidence.
Frequently Asked Questions
TPFx is regulated by Bappebti, the Indonesian Commodity Futures Trading Regulatory Agency. This regulatory framework ensures a level of oversight and security for traders, protecting their interests and promoting compliance with established trading standards.
TPFx offers multiple account types, including Standard, Professional, and Zero ECN accounts. Each account has varying minimum deposit requirements and trading conditions, with spreads starting from 0.8 pips for the PRIME account and from 0 pips for the ZERO ECN account. This flexibility allows traders to select an account that best suits their trading style.
TPFx implements robust security measures to protect client funds, including segregation of client funds from the company’s operational funds and compliance with local regulations. Additionally, the broker offers various deposit methods, ensuring that transactions are processed securely.
TPFx provides access to the popular MT4 and MT5 trading platforms, catering to different trader preferences. Both platforms are user-friendly and offer a range of analytical tools and features designed to enhance the trading experience. Clients can access these platforms via desktop and mobile devices for convenient trading.
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Risk Disclosure
Trading forex/CFDs via brokers carries high risks, including potential total loss. For any data changes, please refer to the latest information on the brokers' official websites. Trade with caution and seek independent advice.