First State Futures

First State Futures, registered in Indonesia, has been operational since 2022, offering a range of trading options including forex, commodities, and stock indices, with platforms such as MT4 and JAFeTS NOW. The broker provides competitive trading conditions, although specifics on leverage and spreads are limited.

First State Futures is regulated by the Indonesia Commodity and Derivatives Exchange (ICDX) and holds a Retail Forex License. However, its previous license from BAPPEBTI has been revoked, raising concerns about its overall regulatory safety and legitimacy.

Market reputation for First State Futures is mixed; while users appreciate the low transaction fees and product variety, feedback indicates that customer service response times could be improved. Additionally, there are concerns about transparency and the frequency of complaints related to account management, suggesting a medium potential risk level in user experiences.

Capital Protection Measures

First State Futures ensures that client funds are held in segregated accounts that are independently regulated, separate from the broker’s own assets. This security measure is crucial for protecting traders’ investments, though specific details about the regulatory rules governing these accounts are not provided in the available information.

First State Futures Leverage

Details regarding the maximum leverage offered by First State Futures are not specified. The broker operates under the regulation of ICDX and adheres to local regulatory requirements regarding leverage, but specific leverage multiples for different account types are not disclosed.

Does First State Futures Have Withdrawal Issues?

First State Futures has received mixed feedback regarding withdrawal processes, with some users reporting delays and difficulties in accessing their funds. Complaints primarily focus on customer service response times, indicating a need for improvement in handling such issues. While there are no large-scale or repetitive complaints documented, concerns about account management persist. The broker has not been reported to have received any regulatory penalties or warnings, suggesting a level of operational legitimacy. Nonetheless, the mixed reputation raises questions about overall user experience and regulatory safety.