Asiapro Forex Broker
Basic Information
Indonesia
2-5 years Regulated in Indonesia Retail Forex License White label MT5 Global BusinessCompany profile
Rating Index
Asiapro Forex Broker - Complete Information Guide
1. Broker Overview
Asiapro, officially known as PT Asia Pro Berjangka, is a forex broker based in Indonesia. Established within the last 5 years, the company has quickly positioned itself in the retail forex market, primarily targeting individual traders. The headquarters of Asiapro is located at Pluit Junction Block SH-12, Jalan Pluit Raya No. 1, Jakarta 14440, Indonesia. As a privately held entity, it operates under the regulatory oversight of the Commodity Futures Trading Regulatory Agency (BAPPEBTI) in Indonesia.
Asiapro caters to a diverse clientele, including retail traders interested in forex, commodities, and indices. The company has seen significant milestones since its inception, including the acquisition of a retail forex license from BAPPEBTI, which marks its commitment to regulatory compliance. The business model of Asiapro focuses on retail forex trading, offering various account types and trading instruments to meet the needs of its clients.
2. Regulatory and Compliance Information
Asiapro is regulated by the Commodity Futures Trading Regulatory Agency (BAPPEBTI) in Indonesia, holding a retail forex license number 862/BAPPEBTI/SI/1/2006. This regulatory framework provides a degree of oversight, ensuring that the broker adheres to specific standards aimed at protecting customer funds. The license is valid for conducting forex trading activities within Indonesia.
The company maintains a commitment to segregating client funds from its operational funds, thereby enhancing the security of investor capital. However, it is important to note that while BAPPEBTI regulates Asiapro, the agency does not provide the same level of protection as more established regulatory bodies in other regions, such as the Financial Conduct Authority (FCA) in the UK.
Asiapro implements Know Your Customer (KYC) and Anti-Money Laundering (AML) measures to ensure compliance with legal standards. These measures include verifying the identity of clients during the account opening process and monitoring transactions for suspicious activity.
3. Trading Products and Services
Asiapro offers a wide array of trading products, primarily focused on forex trading. The broker provides access to numerous currency pairs, including major, minor, and exotic pairs. In addition to forex, Asiapro also enables trading in various Contracts for Difference (CFDs) covering commodities such as gold and oil, as well as stock indices like the Dow Jones.
The range of products available for trading includes:
- Forex: A variety of currency pairs for trading.
- Commodities: Gold and oil trading opportunities.
- Indices: Access to major stock market indices.
- Multilateral Trading: Facilitating trades involving multiple participants.
Asiapro updates its product offerings regularly, ensuring that clients have access to the latest trading instruments. The broker also provides retail trading services, catering to individual traders, while it has the capability to offer institutional client services as well.
4. Trading Platforms and Technology
Asiapro supports the popular MetaTrader 5 (MT5) trading platform, known for its user-friendly interface and advanced trading features. The platform allows traders to execute trades efficiently without requotes, which is a significant advantage in fast-moving markets. In addition to MT5, Asiapro also offers MetaTrader 4 (MT4) for those who prefer its functionalities.
The trading platform is accessible via desktop, mobile, and tablet devices, providing flexibility for traders to manage their accounts on-the-go. Asiapro does not appear to have developed a proprietary trading platform but relies on the robust features of MT5 and MT4.
The broker operates its servers in Indonesia, ensuring that local traders experience minimal latency when executing trades. Asiapro supports API access for automated trading, allowing clients to implement algorithmic trading strategies.
5. Account Types and Trading Conditions
Asiapro offers three main account types tailored to different trading needs:
- Standard Account:
- Minimum Deposit: $200
- Spreads: Starting at 1 pip
- Leverage: Up to 1:500
- Variable Account:
- Minimum Deposit: $200
- Spreads: Starting at 1 pip
- Leverage: Up to 1:500
- Gold Account:
- Minimum Deposit: $10,000
- Spreads: Starting at 0.5 pip
- Leverage: Up to 1:100
- Additional features include an account manager and exclusive trading signals.
Asiapro also provides a demo account for traders to practice their strategies without risking real money. The minimum trade size and overnight fees are specified based on the account type and trading conditions, ensuring transparency for clients.
6. Fund Management
Asiapro supports multiple deposit methods, including bank transfers, telegraphic transfers, and cash deposits. The minimum deposit requirements vary by account type, with the standard and variable accounts requiring a minimum of $200, while the gold account requires $10,000.
The processing time for deposits is generally prompt, with funds typically being credited to the trading account shortly after the transaction is initiated. However, specific deposit fees may apply depending on the method used.
For withdrawals, clients can utilize the same methods as deposits, with restrictions and processing times varying. Asiapro aims to process withdrawal requests efficiently, although clients should be aware that withdrawal fees may apply.
7. Customer Support and Educational Resources
Asiapro offers customer support through various channels, including telephone, email, and online chat. The support team is available during business hours, with the company providing service in both Indonesian and English. The physical office location in Jakarta allows for in-person assistance for those who prefer direct communication.
In terms of educational resources, Asiapro provides a variety of materials aimed at enhancing traders' knowledge and skills. This includes webinars, tutorials, and e-books covering essential trading concepts, market analysis, and trading strategies. Additionally, clients have access to market analysis services, including daily updates and research reports.
8. Regional Coverage and Restrictions
Asiapro primarily serves clients in Indonesia, with its operations centered in the local market. The broker has established a presence in the region, but it may not be available to clients in certain countries due to regulatory restrictions. Specific countries or regions where Asiapro does not accept clients have not been publicly disclosed in the available information.
In summary, Asiapro broker is a regulated entity in Indonesia that offers a range of trading products and services, primarily focusing on forex and commodities. While the broker provides a solid trading experience through popular platforms and account options, potential clients should consider the regulatory environment and exercise caution when trading with lesser-known brokers.
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Latest Reviews
Agustin2411
Indonesia
There are still funds of 14$ with a nominal value of 140K which cannot be withdrawn. Because I can't close both orders. And this is the first time I've found a fraudulent and strange broker. Other brokers under $10, can close n WD. In ASIAPRO you can't close the position and you can't WD. Don't use ASIAPRO. DANGER. Initially the analyst said it was a comment from someone who didn't like it. But after proving it yourself. AMSYONG
Exposure
2023-10-21
Jeremy Chandra
Indonesia
$200 promises can follow a storm-day CT but what's the result of an hour straight ludes. . Stop believing Asian pro
Exposure
2022-12-22
$DRTFX$
Indonesia
I was tricked by an Asia Pro employee when I first registered with a deposit of just 2 million. I haven't paid CT 500 at MC. I don't have 10 minutes at MC, right, Master CT Asia Pro, Hadueh. I don't want to compensate for CT money, I don't want to pay compensation.
Exposure
2024-01-07