First State Futures Company

　　

First State Futures Company: An In-Depth Overview

　　

1. Company Overview

　　

Founding Date and Background

　　First State Futures Company, officially known as PT. First State Futures, was established on October 27, 2009. The company has positioned itself as a significant player in the brokerage services sector, specializing in commodities and futures trading, including stocks, gold, and currencies.

　　

Parent Company/Ownership Structure

　　First State Futures operates as a private entity, and its ownership structure is not publicly disclosed. However, it is recognized as a for-profit organization that provides a range of financial services.

　　

Headquarters Location

　　The company is headquartered in Surabaya, Jawa Timur, Indonesia. Its physical address is Jl. Sulawesi No. 48, Kel. Ngagel, Kec. Wonokromo, Surabaya 60246, Indonesia.

　　

Global Business Scope

　　First State Futures serves clients not only in Indonesia but also aims to reach a global audience. Its services are tailored to meet the needs of traders worldwide, providing access to various financial instruments and trading platforms.

　　

Main Regulatory Bodies

　　First State Futures is regulated by the Commodity Futures Trading Supervisory Agency (Bappebti) in Indonesia. It also holds licenses from the Indonesia Commodity and Derivatives Exchange (ICDX) and the Jakarta Futures Exchange (JFX), ensuring compliance with local trading regulations.

　　

2. Company History and Development

　　

Key Milestones

• 2009: First State Futures is founded, beginning its journey in the brokerage sector.
• 2010: The company receives its business license from Bappebti, marking its official entry into the regulated trading environment.
• 2010-2023: Over the years, First State Futures has expanded its offerings and improved its trading platforms.

　　

Business Expansion Journey

　　First State Futures has progressively enhanced its service portfolio, adapting to market trends and client demands. The company has expanded its operations across various cities in Indonesia, including Bali, Jember, and Solo.

　　

Customer Base Growth

　　The company has experienced steady growth in its customer base, attributed to its focus on providing reliable trading services and a user-friendly platform. First State Futures has built a reputation for being a reputable forex and CFD broker in the region.

　　

Platform Development History

　　First State Futures initially launched its trading platform with basic functionalities and has since integrated advanced features, including the popular MetaTrader 4 (MT4) and MetaTrader 5 (MT5) trading platforms. The introduction of these platforms has significantly improved the trading experience for users.

　　

Important Awards or Recognitions Received

　　While specific awards were not detailed in the available data, First State Futures has garnered a strong reputation in the Indonesian financial services industry, recognized for its commitment to regulatory compliance and customer service.

　　

3. Trading Services Offered

　　

Forex Trading Options

　　First State Futures offers a comprehensive range of forex trading options, providing access to numerous currency pairs. The exact number of currency pairs is not specified, but the company supports major, minor, and exotic pairs to cater to diverse trading strategies.

　　

Stock Trading Options

　　The company allows trading in various stocks, focusing primarily on the Indonesian market. However, details about specific stocks available for trading were not disclosed.

　　

CFD Trading Products

　　First State Futures provides Contract for Difference (CFD) trading on various commodities and indices, enabling traders to speculate on price movements without owning the underlying assets.

　　

Other Financial Instruments

　　In addition to forex, stocks, and CFDs, First State Futures offers trading in commodities such as gold and oil. However, it does not currently support trading in cryptocurrencies or bonds.

　　

Special Services or Unique Advantages

　　One of the unique advantages of First State Futures is its accessibility to both novice and experienced traders through its user-friendly platforms and demo account options. The company also emphasizes customer support, offering multiple channels for assistance.

　　

4. Regulatory and Legal Background

　　

Detailed Regulatory Information

　　First State Futures is regulated by:

• Bappebti: Provides oversight for futures trading in Indonesia.
• ICDX: Offers a regulatory framework for commodity and derivative trading.
• JFX: Regulates futures trading activities in Indonesia.

　　

Legal Entity Structure by Region

　　As a registered entity in Indonesia, First State Futures operates under the legal framework established by Indonesian law, particularly in the financial services sector.

　　

Client Fund Protection Measures

　　First State Futures implements client fund protection measures by maintaining segregated accounts. This ensures that client funds are kept separate from the company's operational funds, providing an additional layer of security.

　　

Countries/Regions Served

　　While primarily focused on the Indonesian market, First State Futures aims to serve clients globally, offering its services to traders from various regions.

　　

Compliance History

　　First State Futures has faced scrutiny regarding its regulatory compliance, particularly concerning its Bappebti license, which has been revoked. However, the company continues to operate under other regulatory licenses, ensuring that it adheres to the necessary legal requirements.

　　

5. Competitive Landscape

　　

3-5 Main Competitors

　　First State Futures faces competition from several key players in the brokerage industry, including:

• Or Finex
• AAA Forex
• Wealth Orbit
• Market Pulse
• Stock Art

　　

Positioning in the Industry

　　First State Futures positions itself as a reputable forex and CFD broker, emphasizing regulatory compliance and a strong customer support framework. The company aims to cater to both novice and experienced traders, making it a versatile choice in the market.

　　

Market Differentiation Factors

　　First State Futures differentiates itself through:

• A robust regulatory framework
• A user-friendly trading platform
• A diverse range of financial instruments
• Strong customer support services

　　In conclusion, First State Futures Company has established itself as a key player in the Indonesian brokerage market, providing a range of trading services and maintaining a commitment to regulatory compliance. With a focus on customer satisfaction and platform development, the company continues to evolve to meet the needs of its growing client base.

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　　For more information about First State Futures, learn more here.