Equityworld Futures
Pros and Cons
Pros
- Regulated by BAPPEBTI in Indonesia
- Member of Jakarta Futures Exchange
- Diverse trading instruments: equity futures, forex, precious metals
- Offers demo accounts for practice
- Established broker with over 15 years of operation
Cons
- Not regulated in major jurisdictions like the US
- Limited range of trading instruments
- No support for popular trading platforms like MetaTrader
- Lack of comprehensive educational resources
- High fees on overnight positions
Basic Information
User Reviews
Equityworld Futures Overview
Equityworld Futures, established in 2008, is a regulated forex broker based in Indonesia. The brokerage operates under the supervision of the Badan Pengawas Perdagangan Berjangka Komoditi (BAPPEBTI), ensuring compliance with local financial regulations. Equityworld Futures is a member of the Jakarta Futures Exchange, which adds to its credibility within the trading community. The broker’s license number is 850/BAPPEBTI/SI/12/2005, reflecting its commitment to providing secure trading environments for its clients.
The broker offers a range of trading instruments, including forex, commodities, and index futures, catering to both novice and experienced traders. Equityworld Futures supports popular trading platforms such as MetaTrader 4 and MetaTrader 5, providing an array of tools and features that enhance the trading experience. Customer support is available in Indonesian and can be accessed through various channels, including phone and email, ensuring that traders receive timely assistance. With its focus on user-friendly trading solutions and regulatory compliance, Equityworld Futures stands out as a reliable choice for those looking to engage in forex trading in Indonesia.
Is Equityworld Futures Safe? Regulation Analysis
Regulatory Information
| Regulatory Authority | Country/Region | Fund Protection Measures |
|---|---|---|
| Badan Pengawas Perdagangan Berjangka Komoditi (BAPPEBTI) | Indonesia | Segregated Funds |
Is Equityworld Futures Regulated and How Are Client Funds Protected?
Equityworld Futures is a regulated broker under the Badan Pengawas Perdagangan Berjangka Komoditi (BAPPEBTI) in Indonesia. This regulatory oversight offers a level of assurance regarding the broker’s operations and adherence to established standards. Client funds are protected through the implementation of segregated accounts, ensuring that client deposits are held separately from the broker’s operational funds. This measure enhances fund safety and minimizes the risk of misuse. Additionally, Equityworld Futures is a member of the Jakarta Futures Exchange, providing further credibility to its operations. However, potential clients should remain informed about the specific terms and conditions associated with trading, including any fees and limitations.
Trading Products and Services
What Trading Instruments Does Equityworld Futures Offer?
| Asset Category | Available Products | Total Count (if available) |
|---|---|---|
| Forex | EUR/USD, GBP/JPY, AUD/NZD | Many |
| Commodities | Gold, Silver, Crude Oil | Varies |
| Indices | S&P 500, NASDAQ, FTSE 100 | Many |
| Stocks | Apple, Tesla, BP, Vodafone | Varies |
| Cryptocurrencies | BTC, ETH, XRP | Many |
Equityworld Futures offers a diverse array of trading tools that cater to various types of traders. With products spanning across major asset categories like Forex, commodities, indices, stocks, and cryptocurrencies, traders can easily find suitable instruments to meet their investment strategies. For beginners, the availability of demo accounts allows for practice without financial risk, while seasoned traders can leverage the extensive range of products for more advanced strategies. This diversity not only supports individual trading preferences but also enhances portfolio diversification, which is crucial in today’s dynamic markets. By providing multiple asset types, Equityworld Futures empowers users to adapt their trading approaches, whether they are focused on short-term trades or long-term investments.
Account Types and Trading Conditions
What Account Types and Fees Does Equityworld Futures Offer?
| Account Type | Target User Group | Essential Characteristics | Applicability Notes |
|---|---|---|---|
| Retail Account | Beginners and individual traders | Low minimum deposit, access to educational resources | Suitable for small-capital practice |
| Professional Account | Experienced traders | Higher leverage, reduced spreads | Requires trading volume qualifications |
| Corporate Account | Corporate clients | Customized trading solutions, multi-user access | Requires corporate documentation |
| Islamic Account | Traders seeking swap-free options | No overnight interest fees | Must be verified for Islamic compliance |
| Demo Account | New traders wanting to practice | Virtual funds for risk-free trading | Ideal for familiarization with the platform |
Account Opening Process
To open an account with Equityworld Futures, prospective traders must follow a straightforward process. Initially, applicants will need to submit personal information, including their name, contact details, and date of birth. Following this, employment information such as job title and employer must be provided, along with financial information that may include income and trading experience. Identity verification is crucial, requiring documents like a government-issued ID and proof of address. Once the application is approved, traders have the flexibility to upgrade to a professional account later if they 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) | 1.0 | $0 (ECN: $3.5/lot) | Competitive pricing for traders |
| CFDs (Stock Indices) | 1.5 | $5 per lot | Access to major global indices |
| CFDs (Commodities) | 2.0 | $5 per lot | Variety of commodities available |
| Cryptos (BTC/USD) | 1.0% | 0.1% | Variable depending on market conditions |
Other Fees
In addition to trading fees, Equityworld Futures may apply various other charges. Deposit and withdrawal fees can occur depending on the payment method used, particularly for bank transfers. An inactivity fee may apply if an account remains dormant for an extended period. Traders should also consider any platform usage fees if applicable, alongside overnight interest (swap rates) for positions held overnight. Lastly, currency conversion fees may apply when trading in different currencies.
Trading Platforms and Apps
What Trading Platforms and Apps Does Equityworld 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 account, VPS |
| MT5 | Windows, macOS, iOS, Android | Encryption, advanced market search, one-click trading, push notifications, economic calendar | Demo account, VPS |
| Web Version | Browser (All OS) | Biometric login, easy symbol search, standard order types, price alerts | API interface |
| Mobile App | iOS, Android | Secure login, quick order execution, push notifications | Demo account |
Equityworld Futures provides a range of trading platforms including MT4 and MT5, suitable for both beginner and advanced traders. MT4 is designed for users seeking a robust trading environment with essential features, while MT5 supports advanced trading strategies with additional tools. The web platform offers accessibility across devices, while the dedicated mobile app facilitates trading on the go. All platforms emphasize secure login methods and fast order execution, enhancing user experience with real-time alerts and efficient market search tools.
Overall, Equityworld Futures’ platforms cater to diverse trading needs, ensuring robust security measures and user-friendly interfaces that facilitate efficient trading operations.
Deposit and Withdrawal
Deposit and Withdrawal Options
| Payment Method | Processing Time | Fees | Limits | Base Currency Options |
|---|---|---|---|---|
| Bank Transfer | 3–5 business days | No platform fee | Min 100, Max 50k/day | USD, EUR, IDR |
| GrabPay | Instant | 1% charge | Min 50, Max 20k/day | SGD, MYR |
| SEPA Transfer | 1-2 business days | No fees for EU clients | Min 100, Max 30k/day | EUR |
| SPEI | Instant | No platform fee | Min 200, Max 25k/day | MXN |
| Credit/Debit Cards | Instant | 2% charge | Min 50, Max 10k/day | USD, AUD |
Minimum Deposit
The minimum deposit requirement for Equityworld Futures is $50. This amount is consistent across all payment methods and account types, making it accessible for a variety of traders looking to start their trading journey.
How to Withdraw
- Log in to your Equityworld Futures account.
- Navigate to the ‘Withdrawal’ section in your account dashboard.
- Select your preferred withdrawal method from the available options.
- Enter the amount you wish to withdraw, ensuring it meets the minimum and maximum limits.
- Confirm the withdrawal request and review any applicable fees.
- Submit the request and wait for a confirmation email regarding your withdrawal status.
Customer Support
Equityworld Futures Customer Support Overview
Support Channels
Equityworld Futures offers multiple contact methods to cater to its customers’ needs. You can reach their support team through the following channels:
- Email: Customers can send inquiries or requests for assistance to corporate@equityworld-futures.co.id.
- Live Chat: Available on their website for immediate assistance during support hours.
- Telephone: You can contact their support team by calling +62 21 27889280 for prompt help.
- Social Media: Engage with Equityworld Futures on their official social media platforms for updates and support.
Service Availability
Equityworld Futures provides customer support services 24/5, ensuring that help is available during the business week. They also offer multilingual support, primarily in Bahasa Indonesia and English, to assist a diverse range of clients.
Additional Resources
In addition to direct support, Equityworld Futures offers a variety of educational resources, including:
- Video Tutorials: Helpful guides on using their trading platform effectively.
- Webinars: Live sessions covering market trends and trading strategies.
- Market Analysis: Regular updates to keep customers informed about market movements.
- Trading Signals: Insights and signals to help traders make informed decisions.
Overall, Equityworld Futures strives to provide excellent customer service, with multiple support options and valuable resources to assist traders effectively.
Frequently Asked Questions
Yes, Equityworld Futures is regulated by BAPPEBTI, the Indonesian Commodity Futures Trading Regulatory Agency. This ensures that the broker adheres to strict compliance and operational standards to protect client interests.
Equityworld Futures offers competitive trading conditions, including a margin requirement starting at 10%. The platform supports day trading and overnight trading, with a nominal overnight holding fee applied for positions held overnight. Clients can trade a variety of instruments, including equity futures, precious metals, and forex.
Client funds at Equityworld Futures are kept in segregated accounts with reputable banks, ensuring that your money is protected and separate from the company’s operational funds. This practice provides an added layer of security for your investments.
Equityworld Futures provides robust customer support through various channels, including a dedicated phone line and email assistance. Their support team is available to help clients with inquiries related to trading, account management, and technical issues, ensuring a smooth user 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.