United Asia Futures
Pros and Cons
Pros
- Regulated by Indonesian Commodity Futures Trading Regulatory Agency (BAPPEBTI)
- Diverse range of trading instruments including forex, commodities, and indices
- Multiple customer support channels: phone, email, and online messaging
- Supports multilingual assistance in English, Indonesian, and Chinese
- Offers a demo account for practice without financial risk
Cons
- Lack of transparency regarding trading conditions
- No support for popular platforms like MT4 or MT5
- High spreads on major currency pairs
- Limited information about funds protection measures
- No educational resources for traders
Basic Information
User Reviews
United Asia Futures Overview
United Asia Futures is a forex broker registered in Indonesia, operating under the full name PT. United Asia Futures. Established for 5-10 years, the broker is regulated by the Indonesian Commodity Futures Trading Regulatory Agency, which adds a layer of credibility for traders considering their services. This regulatory status underscores the broker’s commitment to adhering to industry standards, ensuring a certain level of trustworthiness in its operations within the financial markets.
The broker offers a range of financial instruments, including forex, commodities, and index futures, providing traders with diverse trading opportunities. While specific details about their trading platforms are limited, United Asia Futures provides customer support via multiple channels, including phone and email, enhancing accessibility for its clients. Although their website lacks comprehensive transparency regarding trading conditions, spreads, and commissions, the broker’s regulatory oversight positions it as a viable option for traders seeking to enter the Indonesian forex market.
Is United Asia Futures Safe? Regulation Analysis
Regulatory Information
| Regulatory Authority | Country/Region | Fund Protection Measures |
|---|---|---|
| Indonesian Commodity Futures Trading Regulatory Agency (BAPPEBTI) | Indonesia | Regulated broker status |
Is United Asia Futures Regulated and How Are Client Funds Protected?
United Asia Futures operates under the regulatory oversight of the Indonesian Commodity Futures Trading Regulatory Agency (BAPPEBTI), which signifies that the broker is regulated in Indonesia. This regulatory status enhances the credibility of United Asia Futures, providing a level of trust for potential traders. However, details regarding specific fund protection measures such as segregated accounts or investor compensation schemes are not explicitly stated. While being regulated is a positive aspect, the broker’s website lacks transparency in conveying critical trading conditions. Therefore, clients are encouraged to conduct thorough research and reach out to customer support for additional information regarding their safety and fund protection measures before engaging in trading activities.
Trading Products and Services
What trading instruments does United Asia Futures offer?
| Asset Category | Available Products | Total Count (if available) |
|---|---|---|
| Forex | EUR/USD, USD/JPY, GBP/USD | Varies |
| Commodities | Gold, Silver, Crude Oil | Varies |
| Indices | JPJ30 NIKKEI 225, HKJ50 HANG SENG, KRJ35 KOSPI 200 | Varies |
| Stocks | US (e.g., Apple, Tesla), UK (e.g., BP, Vodafone) | Varies |
| Cryptocurrencies | BTC, ETH | Varies |
United Asia Futures provides a diverse array of trading instruments, including forex, commodities, index futures, stocks, and cryptocurrencies. This broad selection caters to various trading styles, from beginners looking to explore the forex markets to experienced traders seeking to diversify their portfolios. The inclusion of multiple asset categories allows traders to implement flexible strategies, adapting to market conditions effectively. Overall, the variety of products offered by United Asia Futures positions it as a suitable option for traders aiming to engage in diverse trading opportunities.
Account Types and Trading Conditions
What Account Types and Fees Does United Asia Futures Offer?
| Account Type | Target User Group | Essential Characteristics | Applicability Notes |
|---|---|---|---|
| Retail Account | Beginners and casual traders | Access to a range of trading instruments | Suitable for small-capital practice |
| Professional Account | Experienced traders | Potential for higher leverage and tailored services | Requires trading volume qualifications |
| Corporate Account | Corporate clients | Custom solutions for business trading needs | Requires corporate documentation |
| Demo Account | New traders for practice | Allows practice without financial risk | Ideal for learning trading platforms and strategies |
Account Opening Process
To open an account with United Asia Futures, prospective traders need to follow a straightforward process. First, they must provide personal information, including their name, contact details, and date of birth. Next, employment and financial information will be required to assess the trader’s suitability for different account types. Identity verification is essential, which typically involves submitting a government-issued ID and proof of address. United Asia Futures allows for account flexibility, enabling clients to upgrade to a professional account in the future as their trading needs evolve.
Trading Fees
| Product | Spread (pips) | Commission | Notes |
|---|---|---|---|
| Forex (EUR/USD) | 2.0 | $0 | Spreads may vary for different pairs |
| CFDs (Stocks) | Varies | Varies | Dependent on specific stock |
| CFDs (Indices) | Varies | Varies | Dependent on specific index |
| CFDs (Commodities) | Varies | Varies | Dependent on specific commodity |
| Cryptos (BTC/USD) | Varies | Varies | Subject to market volatility |
Other Fees
United Asia Futures may impose various additional fees that clients should be aware of. These can include deposit and withdrawal fees, which may vary based on the payment method chosen. Inactivity fees might apply if an account remains dormant for an extended period. There may also be platform usage fees, though specifics are not provided. Clients should be informed about any overnight interest, also known as swap rates, that could affect their trading positions. Furthermore, currency conversion fees may apply when trading in different currencies.
Trading Platforms and Apps
What Trading Platforms and Apps Does United Asia Futures Offer for Traders?
| Platform | Device Support | Key Features | Additional Services |
|---|---|---|---|
| Non-MT4/MT5 Platform | Web (Windows, macOS) | Login security, order types, market search | Demo accounts available |
| Mobile App | iOS, Android | Secure login, price alerts, push notifications | Demo accounts available |
The non-MT4/MT5 platform offers essential trading functionalities suitable for various trading needs, including secure login and basic market search features. The mobile app allows for convenient access to trading accounts, enabling traders to stay updated with real-time alerts and manage positions on the go. Each platform is designed to enhance the trading experience while maintaining security and efficiency, catering to both novice and experienced traders.
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 50, Max 20,000/day | IDR, USD |
| E-wallet (e.g., OVO, DANA) | Instant | 1.5% e-wallet charge | Min 50, Max 10,000/day | IDR |
| Credit/Debit Card | 1–3 business days | No platform fee | Min 100, Max 15,000/day | IDR, USD |
Minimum Deposit
The minimum deposit requirement at United Asia Futures is generally set at 50,000 IDR. This amount may vary based on the selected payment method or account type, so clients are encouraged to check specific requirements when opening their accounts.
How to Withdraw
To withdraw funds from your United Asia Futures account, follow these steps: 1. Log in to your trading account. 2. Navigate to the withdrawal section. 3. Select your preferred payment method. 4. Enter the withdrawal amount, ensuring it meets the minimum and maximum limits. 5. Submit the withdrawal request. 6. Await confirmation and processing, which may take up to 5 business days depending on the method chosen.
Customer Support
United Asia Futures Customer Support Overview
Support Channels
United Asia Futures provides several avenues for customer support, ensuring that clients can easily reach out for assistance. Support options include:
- Email: Clients can contact the support team via email at admin@united-asia.com.
- Telephone: Direct phone support is available at +62 (21) 57906333, allowing for immediate assistance.
- Fax: A fax number is also provided for clients who prefer this method of communication.
- Online Messaging: An online messaging platform is available for quick inquiries.
Service Availability
The customer support service at United Asia Futures is available during business hours, but specific hours of operation are not detailed. Multilingual support is offered, catering to clients in English, Indonesian, and Chinese, which enhances accessibility for a diverse client base.
Additional Resources
United Asia Futures does not explicitly mention any educational resources such as video tutorials or webinars on their website, which could enhance the overall support experience for traders. Prospective clients may want to inquire directly with customer service for any available resources.
Frequently Asked Questions
Yes, United Asia Futures is regulated by the Indonesian Commodity Futures Trading Regulatory Agency (BAPPEBTI), which enhances its credibility and trustworthiness for traders.
United Asia Futures offers a diverse range of trading instruments including forex pairs, commodities such as gold and crude oil, index futures, stocks, and cryptocurrencies, catering to various trading strategies.
Clients can reach United Asia Futures’ customer support through multiple channels, including email at admin@united-asia.com, telephone at +62 (21) 57906333, fax, and an online messaging platform for quick inquiries.
The minimum deposit requirement at United Asia Futures is generally set at 50,000 IDR, though this amount may vary based on the selected payment method or account type.
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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.