Basic Information
Pros and Cons
Pros
- Regulated by BAPPEBTI and JFX
- Leverage up to 1:500
- Spreads starting from 0.3 pips
- Positive reputation for customer service
- Segregated client funds for security
Cons
- Moderate complaints about transparency
- Withdrawal process concerns reported
- Limited operational history of less than one year
Is 18FX Safe and Legit?
18FX, operated by PT Delapan Belas Berjangka, is registered in Indonesia and has been operational for less than a year. The broker offers trading in forex, commodities, and indices with a leverage of up to 1:500 and spreads starting from 0.3 pips, using the MetaTrader 5 platform for trading activities.
18FX is regulated by BAPPEBTI and JFX, which provides a level of credibility and legal compliance in Indonesia. Overall, it is considered a safe broker for trading, provided that users are aware of the potential risks associated with leveraged trading.
In terms of reputation, 18FX is generally viewed positively among users, with favorable assessments regarding customer service availability and withdrawal processes. However, some feedback indicates there may be issues with transparency regarding certain trading conditions and fees, leading to a moderate level of complaints from users about these aspects.
Is 18FX a Regulated Broker?
What Are the Regulatory Licenses Held by 18FX?
18FX, operated by PT Delapan Belas Berjangka, is regulated by BAPPEBTI and JFX in Indonesia. This regulatory oversight enhances the broker’s credibility and ensures legal compliance within the jurisdiction. As a newly established broker, 18FX has been operational for less than a year but has already secured these licenses, marking its commitment to maintaining a secure trading environment. Users should be aware that while 18FX is regulated, there have been some user complaints regarding transparency about certain trading conditions and fees, which are important to consider when trading with leveraged products.
| Regulator Abbreviation | Full Name of Regulator | Regulated Company Entity | Regulatory Status | License Number |
|---|---|---|---|---|
| BAPPEBTI | Badan Pengawas Perdagangan Berjangka Komoditi | PT Delapan Belas Berjangka | Active (as of [retrieval date]) | 192/BAPPEBTI/S/I/2003 |
| JFX | Jakarta Futures Exchange | PT Delapan Belas Berjangka | Active (as of [retrieval date]) | SPA B/169/JFX/05/2018 |
Client Fund Segregation: Your Ultimate Safeguard
Capital Protection Measures
18FX ensures the protection of client funds by holding them in independently regulated bank accounts, separate from the broker’s own assets. This segregation of funds is in line with the regulatory requirements set by BAPPEBTI and JFX, enhancing overall security for traders.
18FX Leverage
For trading at 18FX, the maximum leverage offered is up to 1:500 for both standard and professional account configurations. This leverage is compliant with local regulatory limits in Indonesia, where 18FX operates, ensuring that the broker adheres to the necessary legal requirements for both retail and professional clients.
18FX Withdrawal Review
How to Contact 18FX?
18FX has received a moderate level of complaints from users, particularly regarding transparency in trading conditions and fees. While most users report generally positive experiences, there are notable concerns about withdrawal processes. Credible sources of complaints include user reviews and trading forums, where some users have shared issues related to withdrawal timeliness. The broker has been responsive to complaints, although specific response times are not detailed. There is no evidence of large-scale or repetitive complaints leading to regulatory penalties or warnings, indicating that 18FX maintains a legit status in the trading community despite these issues.
Frequently Asked Questions
A1: Yes, 18FX, operated by PT Delapan Belas Berjangka, is a legitimate broker registered and regulated by BAPPEBTI and JFX in Indonesia. This regulatory oversight enhances its credibility and ensures compliance with local trading laws.
A2: 18FX protects client funds by holding them in independently regulated bank accounts that are separate from the broker’s own assets. This segregation of funds is a requirement set by BAPPEBTI and JFX, ensuring enhanced security for traders.
A3: There have been moderate complaints regarding the transparency of trading conditions and fees at 18FX, specifically concerning the withdrawal process. Although most users report positive experiences, some have noted issues with withdrawal timeliness.
A4: You can contact 18FX customer support via their official email at cs@18fx.co.id. They offer assistance to users regarding various inquiries, including trading and account management.
A5: Through 18FX, traders can access a variety of trading instruments including forex, commodities, and indices. The platform is designed to cater to both new and experienced traders with multiple account types available.
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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.