Cyber Futures
Pros and Cons
Pros
- Diverse range of trading instruments across multiple asset classes
- Access to the popular MetaTrader 4 (MT4) platform
- Competitive spreads starting from 0.1 pips for major currency pairs
- Availability of a demo account for risk-free trading experience
- Minimum deposit requirement of USD 200 for retail accounts
Cons
- Not regulated by any recognized financial authority
- Lack of transparency regarding commissions and fees
- Website currently unfunctional
- Limited information on payment methods
- Wide average spreads on trading instruments
Basic Information
User Reviews
Cyber Futures Overview
Cyber Futures, officially known as PT. Cyber Futures Forex, is a forex broker based in Indonesia. Established approximately 5-10 years ago, it has aimed to provide traders with access to various financial markets. However, it is crucial to note that Cyber Futures is currently not regulated by any recognized financial authorities, which raises concerns regarding its operational credibility and the safety of client funds.
Is Cyber Futures Safe? Regulation Analysis
Regulatory Information
Cyber Futures, officially known as PT. Cyber Futures Forex, is not regulated by any recognized financial authority. This lack of regulation raises significant concerns about the safety of client funds and the overall credibility of the broker. Trading with an unregulated broker like Cyber Futures exposes clients to various risks, including the absence of investor protection mechanisms, which increases the potential for fraud and misconduct.
Is Cyber Futures Regulated and How Are Client Funds Protected?
Trading Products and Services
What trading instruments does Cyber Futures offer?
| Asset Category | Available Products | Total Count (if available) |
|---|---|---|
| Forex | Major Pairs / Examples | Varies |
| Commodities | Gold, Oil | Varies |
| Indices | S&P 500, NASDAQ | Varies |
| Stocks | US, UK | Varies |
| Cryptocurrencies | BTC, ETH | Varies |
Cyber Futures offers a diverse range of trading instruments that cater to various trading preferences and strategies. The inclusion of forex pairs, commodities, indices, stocks, and cryptocurrencies provides traders with ample opportunities to engage in the financial markets. This diversity is particularly beneficial for different types of traders, from beginners looking to explore various assets to seasoned professionals who seek to implement sophisticated trading strategies. By supporting multiple asset categories, Cyber Futures facilitates portfolio diversification, allowing traders to manage risk effectively while maximizing potential returns. This flexibility in trading options enhances the platform’s appeal to a broad audience seeking to navigate the dynamic landscape of financial markets.
Account Types and Trading Conditions
What Account Types and Fees Does Cyber Futures Offer?
| Account Type | Target User Group | Essential Characteristics | Applicability Notes |
|---|---|---|---|
| Retail Account | Beginners and casual traders | Access to a wide range of trading instruments | Minimum deposit of USD 200 required |
| Demo Account | New traders for practice | Risk-free trading environment | Ideal for testing strategies without financial risk |
Account Opening Process
To open an account with Cyber Futures, traders will need to follow a series of steps. Initially, they will submit personal information, including their name, address, and contact details. Subsequently, employment information and financial background will also be required to assess the trader’s profile. Identity verification is essential, necessitating the submission of a government-issued ID and proof of address. Additionally, there is flexibility in account types, allowing users to upgrade to a professional account in the future if their trading needs change.
Trading Fees
| Product | Spread (pips) | Commission | Notes |
|---|---|---|---|
| Forex (Major Pairs) | 0.1 | $0 (TBA) | Competitive pricing for major currencies |
| CFDs (Stocks, Indices, Commodities) | Varies | $0 (TBA) | Spreads may vary based on market conditions |
| Cryptocurrencies (BTC/USD) | 1.0% | $0 (TBA) | Variable depending on market volatility |
Other Fees
Traders should also consider other potential fees while trading with Cyber Futures. This includes deposit and withdrawal fees, which may apply depending on the payment method used. Inactivity fees could apply if accounts remain dormant for extended periods, and there may be platform usage fees if applicable. Additionally, traders should be aware of overnight interest (swap rates) and any currency conversion fees that may be incurred during trading activities.
Trading Platforms and Apps
What Trading Platforms and Apps Does Cyber Futures Offer for Traders?
| Platform | Device Support | Key Features | Additional Services |
|---|---|---|---|
| MetaTrader 4 (MT4) | Windows, iOS, Android | Secure login, multiple order types, technical indicators | Demo account available |
| Web Version | Browser-based (all OS) | Market search, price alerts, push notifications | No additional services |
| Mobile App | iOS, Android | Convenient login, real-time alerts, easy order execution | No additional services |
The MT4 platform is well-suited for traders who value a comprehensive set of tools for analysis and trading. Its robust features and support for automated trading make it ideal for both novice and experienced traders. The web version provides flexibility for users who prefer to trade from any device without installation, while the mobile app offers convenient access to trading on the go. Cyber Futures emphasizes secure logins and fast order execution across its platforms, while real-time alerts and efficient search tools enhance the user experience.
Deposit and Withdrawal
Deposit and Withdrawal Options
| Payment Method | Processing Time | Fees | Limits | Base Currency Options |
|---|---|---|---|---|
| Bank Transfer | 3–5 days | No platform fee | Min $200, Max $10,000/day | USD, IDR |
| Local E-Wallets (e.g., OVO, DANA) | Instant | 1.5% fee | Min $50, Max $5,000/day | USD, IDR |
| Cryptocurrency (BTC, ETH) | Instant | No platform fee | Min $100, Max $20,000/day | USD |
Minimum Deposit
Cyber Futures requires a minimum deposit of USD 200 to open a retail account. This amount is consistent across payment methods, ensuring a straightforward entry point for all traders.
How to Withdraw
To withdraw funds from your Cyber Futures account, follow these steps:
- Log into your Cyber Futures account.
- Navigate to the ‘Withdrawal’ section.
- Select your preferred payment method for withdrawal.
- Enter the amount you wish to withdraw, ensuring it meets the minimum and maximum limits.
- Confirm your request and submit it for processing.
Customer Support
Cyber Futures Customer Support Overview
Support Channels
Cyber Futures offers various contact methods to assist customers effectively. Traders can reach out via:
- Email: Customers can send inquiries to support@cfforex.co.id for assistance.
- Telephone: For immediate help, clients can call +62 21 520 6118.
- Address: Inquiries can also be made in person at Menara Sudirman Lantai 22, Jl. Jend. Sudirman Kav. 60, Jakarta Selatan 12190, Indonesia.
- FAQ Page: A frequently asked questions section is available, although customers are encouraged to contact support directly due to the unfunctional website.
Service Availability
Customer support is available during regular business hours, although specific hours are not detailed. Multilingual support is also not explicitly mentioned, so traders may need to communicate in English or Indonesian.
Frequently Asked Questions
No, Cyber Futures is not regulated by any recognized financial authority, which raises concerns about the safety of client funds and the overall credibility of the broker.
Cyber Futures offers a diverse range of trading instruments, including forex pairs, commodities such as gold and oil, stock indices like the S&P 500 and NASDAQ, stocks from the US and UK, as well as cryptocurrencies like BTC and ETH.
The minimum deposit required to open a retail account with Cyber Futures is USD 200, which is consistent across various payment methods.
Cyber Futures provides access to the MetaTrader 4 (MT4) platform, which is available on Windows, iOS, and Android devices, allowing for a user-friendly trading experience.
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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.