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BAPPEBTI Regulated 
Finex Company
Finex Company: A Comprehensive Overview
1. Company Overview
Founding Date and Background
Finex Company, officially known as PT Finex Bisnis Solusi Futures, was established in 2012. It was created to provide trading services in the forex and commodity markets, aiming to facilitate access to financial markets for traders in Indonesia and beyond.
Parent Company/Ownership Structure
Finex operates as an independent brokerage firm under the ownership of PT Finex Bisnis Solusi Futures. It is not part of a larger conglomerate, allowing it to maintain a focused approach on its trading services.
Headquarters Location
The company's headquarters is located in Jakarta, Indonesia, specifically at Soho Pancoran, Tower Splendor, Floor 30, Unit 3005, Jl. Letjen MT Haryono Kav 2-3, Tebet, South Jakarta 12810.
Global Business Scope
While primarily focused on the Indonesian market, Finex has aspirations to expand its services globally. It offers a wide range of financial instruments, including forex, commodities, and CFDs, catering to both local and international traders.
Main Regulatory Bodies
Finex is regulated by the Badan Pengawas Perdagangan Berjangka Komoditi (Bappebti), which is the Commodity Futures Trading Regulatory Agency in Indonesia. This regulatory framework ensures that the broker adheres to the relevant laws and standards in the financial industry.
2. Company History and Development
Key Milestones
- 2012: Finex was founded, initiating its journey in the Indonesian financial market.
- 2013: The company received its retail forex license from Bappebti, solidifying its regulatory compliance.
- 2014: Finex expanded its trading platform offerings, introducing the widely used MetaTrader 5 (MT5) platform.
Business Expansion Journey
Since its inception, Finex has focused on expanding its trading services and client base. The company has gradually introduced new financial products and improved its trading platform, aiming to enhance user experience and accessibility.
Customer Base Growth
Finex has seen significant growth in its customer base since its establishment. The broker reports thousands of active accounts, reflecting its appeal among traders looking for reliable and low-cost trading options.
Platform Development History
Finex initially offered basic trading functionalities but has since evolved to provide advanced trading features through the MT5 platform. This platform allows for algorithmic trading, copy trading, and access to a wide array of financial instruments.
Important Awards or Recognitions Received
Finex has received several accolades for its services, including recognition for being a reliable forex and commodity broker in Indonesia. Specific awards include "Most Reliable Forex & Commodity Broker 2023" by CNBC Indonesia.
3. Trading Services Offered
Forex Trading Options
Finex offers a diverse range of forex trading options, featuring over 27 currency pairs. This includes major pairs such as EUR/USD, GBP/USD, and USD/JPY, providing traders with ample opportunities for speculation and hedging.
Stock Trading Options
The broker also allows trading in various international stocks through CFDs. Finex provides access to shares from notable companies across the globe, including technology giants and major corporations.
CFD Trading Products
Finex offers a broad selection of CFDs on commodities, stock indices, and other financial instruments. This includes popular commodities like gold and oil, as well as major stock indices from around the world.
Other Financial Instruments
While Finex does not currently offer cryptocurrency trading, it provides a range of commodities and indices. Traders can engage in the buying and selling of raw materials such as oil and precious metals.
Special Services or Unique Advantages
One of the standout features of Finex is its low minimum deposit requirement of just $10, making it accessible to a wide range of traders. Additionally, the broker offers a swap-free Islamic account option, catering to traders who prefer to avoid interest charges.
4. Regulatory and Legal Background
Detailed Regulatory Information
Finex is regulated by the following bodies:
- Bappebti: The primary regulatory authority for futures and commodity trading in Indonesia.
- Jakarta Futures Exchange (JFX): A member of this exchange, Finex adheres to the trading standards set forth by the exchange.
Legal Entity Structure by Region
As an Indonesian broker, Finex operates under the legal framework established by Indonesian law. The company is structured to comply with local regulations while offering services to both domestic and international clients.
Client Fund Protection Measures
Finex takes client fund protection seriously, ensuring that all client funds are held in segregated accounts. This means that client funds are kept separate from the companys operational funds, providing an additional layer of security.
Countries/Regions Served
Primarily serving clients in Indonesia, Finex also aims to attract international traders by providing services that comply with global trading standards. However, specific restrictions may apply based on local regulations in different countries.
Compliance History
Finex has maintained a positive compliance history since its establishment. The broker has consistently adhered to the regulations set forth by Bappebti and has not faced significant legal issues or regulatory penalties.
5. Competitive Landscape
3-5 Main Competitors
- OctaFX: Known for its user-friendly platform and competitive spreads.
- FBS: Offers a wide range of account types and bonuses for traders.
- XM: Provides a large selection of trading instruments and educational resources.
- Low Minimum Deposit: Only $10 required to start trading.
- Comprehensive Customer Support: 24/7 support through multiple channels, including live chat and WhatsApp.
- Educational Resources: Regular webinars and seminars aimed at improving trader knowledge and skills.
Positioning in the Industry
Finex positions itself as a reliable broker with a strong focus on the Indonesian market. Its low minimum deposit and straightforward trading conditions appeal to both novice and experienced traders.
Market Differentiation Factors
Finex differentiates itself through:
In summary, Finex Company has established itself as a reputable broker in the Indonesian financial markets, offering a range of trading services with a focus on accessibility and customer support. With its regulatory compliance and commitment to trader education, Finex continues to attract a growing number of clients.