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United Asia Futures Company
United Asia Futures Company: A Comprehensive Overview
1. Company Overview
Founding Date and Background
United Asia Futures Company, also known as PT United Asia Futures, was established in Indonesia, with its operations commencing around 2004. The company specializes in providing a range of financial trading services, including forex, commodities, and index futures.
Parent Company/Ownership Structure
United Asia Futures operates as an independent brokerage firm. While there is limited public information about its ownership structure, it is essential to note that the company claims to be a member of several exchanges in Indonesia, including the Jakarta Futures Exchange and the Indonesian Commodity Derivatives Exchange.
Headquarters Location
The company is headquartered at Wisma GKBI, Lantai 38 - 03, Jalan Jenderal Sudirman No. 28, Jakarta Pusat, Indonesia. This strategic location places it at the heart of Indonesia's financial district, facilitating access to various financial services and markets.
Global Business Scope
United Asia Futures primarily serves the Indonesian market but aims to attract traders from various regions seeking to engage in forex and derivatives trading. Its services are targeted mainly at retail traders.
Main Regulatory Bodies
The company claims to be regulated by the Indonesian Commodity Futures Trading Regulatory Agency (BAPPEBTI) and holds a retail forex license. However, there are conflicting reports regarding its regulatory status, with some sources suggesting it may not be adequately regulated.
2. Company History and Development
Key Milestones
Since its inception, United Asia Futures has made efforts to establish itself within the Indonesian financial market. The company received its BAPPEBTI license, which marked a significant milestone in its regulatory compliance journey.
Business Expansion Journey
Over the years, United Asia Futures has expanded its offerings to include various financial instruments. Despite this growth, the company has faced scrutiny regarding its transparency and the adequacy of its trading conditions.
Customer Base Growth
The company has seen a gradual increase in its customer base, primarily due to its focus on providing access to diverse trading instruments. However, the lack of detailed information on its website may hinder its ability to attract more clients.
Platform Development History
United Asia Futures offers a proprietary trading platform that is not based on the widely used MetaTrader 4 or MetaTrader 5 platforms. The specifics regarding the features and usability of this platform remain unclear, which may impact user experience.
Important Awards or Recognitions Received
While there are no publicly available records of significant awards or recognitions, the companys adherence to regulatory standards could be considered a form of recognition in itself.
3. Trading Services Offered
Forex Trading Options
United Asia Futures provides access to a limited selection of forex currency pairs. The primary pairs include major currencies such as EUR/USD, USD/JPY, and GBP/USD, but the exact number of pairs offered is not specified.
Stock Trading Options
The company does not prominently feature stock trading services in its offerings, focusing more on derivatives and forex trading.
CFD Trading Products
The availability of Contracts for Difference (CFDs) is unclear. United Asia Futures primarily markets itself as a forex and futures broker, with limited information on CFD products.
Other Financial Instruments
In addition to forex, United Asia Futures offers trading in commodities such as gold, silver, and crude oil, as well as index futures like the JPJ 30 and HKJ 50. There is no mention of cryptocurrency trading on its platform.
Special Services or Unique Advantages
The company claims to provide various customer support channels, including phone, fax, and email. However, the lack of transparency regarding trading conditions, spreads, and commissions may deter potential clients.
4. Regulatory and Legal Background
Detailed Regulatory Information
United Asia Futures is purportedly regulated by BAPPEBTI, which oversees commodity futures trading in Indonesia. However, conflicting reports suggest that it may not be fully compliant with regulatory standards, as some exchanges listed by the company do not regulate forex trading.
Legal Entity Structure by Region
The company operates as PT United Asia Futures, a legal entity registered in Indonesia. Its operations are primarily focused within the Indonesian jurisdiction, which lacks comprehensive regulatory frameworks for forex trading.
Client Fund Protection Measures
There is limited information available regarding client fund protection measures. The absence of clear policies on fund segregation raises concerns about the safety of client deposits.
Countries/Regions Served
While United Asia Futures primarily caters to Indonesian clients, it aims to attract international traders seeking forex and derivatives trading opportunities.
Compliance History
The compliance history of United Asia Futures is not well-documented, with reports suggesting potential issues regarding its regulatory status. Traders are advised to conduct thorough research before engaging with the broker.
5. Competitive Landscape
3-5 Main Competitors
United Asia Futures faces competition from several brokers operating in Indonesia and the broader Southeast Asian region. Notable competitors include:
- FXOpen: Known for its diverse range of trading platforms and competitive spreads.
- Black Bull Markets: Offers low spreads and fast execution, appealing to both new and experienced traders.
- FP Markets: Provides a comprehensive range of instruments and tight spreads, making it a reputable choice for traders.
Positioning in the Industry
United Asia Futures positions itself as a regulated broker offering access to various trading instruments. However, its lack of transparency and limited information on trading conditions may hinder its competitive edge.
Market Differentiation Factors
The primary differentiation factors for United Asia Futures include its regulatory claims and the variety of instruments offered. However, the absence of a widely recognized trading platform like MT4 or MT5 may be a disadvantage in attracting tech-savvy traders.
Conclusion
United Asia Futures presents itself as a regulated broker in Indonesia, offering trading in forex, commodities, and index futures. However, conflicting reports regarding its regulatory status, combined with a lack of transparency about trading conditions and platform details, raise concerns for potential investors. Traders are encouraged to conduct thorough research and consider alternative brokers with a more established reputation and clearer regulatory oversight.
For further insights and detailed information regarding United Asia Futures, please explore the provided resources or reach out to their customer support for inquiries.