Agrodana Futures
Pros and Cons
Pros
- Regulated by BAPPEBTI in Indonesia
- Diverse trading instruments: Forex, commodities, and stock CFDs
- Trading platforms: MetaTrader 4 and MetaTrader 5
- Leverage of up to 1:100 available
- Quick withdrawal processing, as fast as 1 hour
Cons
- Not regulated in major jurisdictions like the US
- High minimum deposit requirement of $1,000
- Limited product range with no stocks or ETFs
- Complex fee structure with varying commissions
- Low leverage of up to 1:100
Basic Information
User Reviews
Agrodana Futures Overview
Agrodana Futures, established in 2000 and headquartered in Indonesia, is a regulated forex broker recognized by the Commodity Futures Trading Regulatory Agency of Indonesia (BAPPEBTI) under license number 40/BAPPEBTI/SI/XII/2000. With over two decades of experience in the trading industry, Agrodana Futures combines local market expertise with international standards, ensuring a credible trading environment for its clients. The broker’s regulatory status not only enhances its trustworthiness but also assures traders of its adherence to financial regulations and practices.
Is Agrodana Futures Safe? Regulation Analysis
Regulatory Information
| Regulatory Authority | Country/Region | Fund Protection Measures |
|---|---|---|
| BAPPEBTI | Indonesia | Segregated Funds |
Is Agrodana Futures Regulated and How Are Client Funds Protected?
Agrodana Futures is a regulated broker operating under the supervision of the Indonesian Commodity Futures Trading Regulatory Agency (BAPPEBTI). The broker holds a valid license, numbered 40/BAPPEBTI/SI/XII/2000, which can be verified on the BAPPEBTI official website. Client funds are protected through segregated accounts, ensuring that traders’ deposits are kept separate from the broker’s operational funds. This regulatory framework enhances investor trust and contributes to a safer trading environment. Furthermore, the broker’s compliance with local regulations signifies its commitment to maintaining a secure and transparent trading experience.
Trading Products and Services
What trading instruments does Agrodana Futures offer?
| Asset Category | Available Products | Total Count (if available) |
|---|---|---|
| Forex | EUR/USD, GBP/JPY, AUD/USD | Many |
| Commodities | Gold, Silver, Crude Oil | Varies |
| Indices | S&P 500, NASDAQ, FTSE 100 | Many |
| Stocks | Apple, Tesla, BP | Varies |
| Cryptocurrencies | BTC, ETH | Varies |
Agrodana Futures provides a diverse range of trading instruments across multiple asset categories, including Forex, Commodities, Indices, Stocks, and Cryptocurrencies. This wide selection caters to various trader profiles, from beginners looking for accessible entry points to seasoned professionals seeking advanced trading options. The availability of multiple asset classes allows for effective portfolio diversification, enabling traders to adopt flexible strategies that can adapt to changing market conditions. By offering a comprehensive suite of products, Agrodana Futures empowers its users to optimize their trading experience while navigating the complexities of today’s financial markets.
Account Types and Trading Conditions
What Account Types and Fees Does Agrodana Futures Offer?
| Account Type | Target User Group | Essential Characteristics | Applicability Notes |
|---|---|---|---|
| Micro GOFX | Beginners | Low minimum deposit, tight spreads | Suitable for small-capital practice |
| Mini GOFX | Intermediate traders | Flexible leverage, lower commissions | Requires some trading experience |
| Mini SPA | Retail traders | Competitive spreads, free swap promotions | Minimum deposit of $1,000 |
| Regular SPA | Professional traders | Higher leverage, advanced trading tools | Minimum deposit of $10,000 required |
Account Opening Process
To open an account with Agrodana Futures, prospective traders must follow a straightforward process. Initially, applicants need to submit personal information, which includes full name, contact details, and date of birth. Following this, employment details and financial information should be provided to assess suitability for trading. Identity verification is mandatory, necessitating the submission of a government-issued ID and proof of address. It is worth noting that Agrodana Futures allows for account flexibility, enabling users to upgrade to a professional account later if their trading volumes increase or if they meet the necessary qualifications.
Trading Fees
| Product | Spread (pips) | Commission | Notes |
|---|---|---|---|
| Forex (EUR/USD) | 0.8 | $0 (ECN: $3.5/lot) | Tight spreads for majors |
| Forex (GBP/USD) | 1.0 | $0 (ECN: $3.5/lot) | Competitive rates for popular pairs |
| CFDs (Gold) | 0.4 | $5 | Standard commission rate |
| CFDs (Stock Indices) | 1.0 | $50 | Higher commissions for indices |
| Cryptos (BTC/USD) | 1.0% | 0.1% | Variable depending on volatility |
Other Fees
Additional fees may apply when trading with Agrodana Futures. Deposit and withdrawal fees may vary based on the chosen method. Inactivity fees are applied to accounts that remain dormant for an extended period. Traders should also be aware of potential platform usage fees, if applicable. Overnight interest, also known as swap rates, may incur additional costs depending on the positions held. Lastly, currency conversion fees may apply for transactions involving different currencies.
Trading Platforms and Apps
What Trading Platforms and Apps Does Agrodana Futures Offer for Traders?
| Platform | Device Support | Key Features | Additional Services |
|---|---|---|---|
| MT4 | Windows, macOS, iOS, Android | 2FA, symbol lookup, multiple order types, price alerts, technical indicators | Demo accounts, VPS |
| MT5 | Windows, macOS, iOS, Android | Encryption, symbol lookup, one-click trading, push notifications, economic calendar | Demo accounts, VPS |
| Web Version | Any device with a browser | Secure login, market search, one-click trading, alerts | Demo accounts |
| Mobile App | iOS, Android | Biometric login, market search, price alerts, trading tools | Demo accounts |
The MT4 platform is ideal for traders who prefer automated trading capabilities along with a user-friendly interface. MT5 enhances this experience with additional tools for advanced traders. The web version provides flexibility for trading from any device, while the mobile app enables trading on-the-go with secure login options. All platforms ensure fast order execution, real-time alerts, and efficient market search tools.
Agrodana Futures prioritizes security across its platforms, employing secure logins and various alert mechanisms to keep traders informed. This comprehensive range of platforms and device support caters to different trading preferences and needs.
Deposit and Withdrawal
Deposit and Withdrawal Options
| Payment Method | Processing Time | Fees | Limits | Base Currency Options |
|---|---|---|---|---|
| Bank Transfer | 2-3 business days | No platform fee | Min 100, Max 50k | IDR, USD |
| eWallet (DANA, OVO) | Instant | 1.5% charge on deposits | Min 50, Max 20k | IDR |
| Credit/Debit Card | Instant | No platform fee | Min 100, Max 10k | IDR, USD |
| Cryptocurrency | Instant | 0.5% conversion fee | Min 0.01 BTC, Max 5 BTC | BTC, ETH |
Minimum Deposit
Agrodana Futures requires a minimum deposit of IDR 50,000 for eWallet transactions and IDR 100,000 for bank transfers or card payments. The minimum deposit may vary based on the chosen payment method and account type, catering to diverse client needs across the region.
How to Withdraw
To withdraw funds from your Agrodana Futures account, follow these steps:
- Log in to your Agrodana Futures account.
- Navigate to the ‘Withdrawal’ section in your account dashboard.
- Select your preferred withdrawal method (e.g., Bank Transfer or eWallet).
- Enter the amount you wish to withdraw, ensuring it adheres to the limits.
- Review the transaction details and confirm your request.
- Wait for the processing time as specified for your chosen method.
- You will receive a confirmation email once your withdrawal is processed.
Customer Support
Agrodana Futures Customer Support Overview
Support Channels
Agrodana Futures provides multiple avenues for customer support, ensuring that traders can easily access help when needed. The main contact methods include:
- Email: Customers can reach out via hello@agrodana-futures.com for any inquiries or issues.
- Live Chat: The website features a live chat option for real-time assistance.
- Telephone: Support is available through their contact number +62 021-57902535, allowing for immediate communication.
- Social Media: Agrodana Futures is active on various platforms, including Facebook, providing another layer of customer support.
Service Availability
Agrodana Futures offers customer support 24/5, ensuring that traders can receive assistance during market hours. Additionally, the support team is multilingual, catering to a diverse clientele. Supported languages include Indonesian and English, making it easier for clients from different backgrounds to get the help they need.
Additional Resources
To further enhance customer experience, Agrodana Futures provides educational resources, including video tutorials and webinars. These resources help traders improve their skills and stay informed about market trends. Additionally, regular market analysis and trading signals are available, offering valuable insights for informed trading decisions.
Frequently Asked Questions
Yes, Agrodana Futures is a regulated broker holding a valid license from the Commodity Futures Trading Regulatory Agency of Indonesia (BAPPEBTI). The license number is 40/BAPPEBTI/SI/XII/2000, which can be verified on the BAPPEBTI official website.
Agrodana Futures offers various trading conditions, including leverage up to 1:100, minimum deposit requirements starting from IDR 500,000, and spreads as low as 0.1 pips. The trading platform supports Forex, commodities, CFD indices, and US stock CFDs.
Agrodana Futures prioritizes client fund security by maintaining segregated accounts for client deposits, ensuring that funds are held separately from the company’s operating capital. Additionally, the broker adheres to local regulations set by BAPPEBTI to protect clients’ interests.
Agrodana Futures offers two popular trading platforms: MetaTrader 4 (MT4) and MetaTrader 5 (MT5). Both platforms are available for Windows, macOS, and mobile devices, providing traders with a robust environment for executing trades and using automated trading features.
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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.