Cyber Futures foreign exchange brokers specializing in providing foreign exchange trading services, the company's official website https://cabinet.cfforex.com/web2/agent.php?memberkey=MjAwMzAzMTIx, about the company's legal and temporary regulatory information, the company's address Menara Sudirman Lantai 22 Jl. Jend. Sudirman Kav. 60 Jakarta Selatan 12190 Jakarta – Indonesia.
Cyber Futures, officially known as PT. Cyber Futures Forex, was established in 2004. The broker is headquartered in Jakarta, Indonesia, with its main office located at Menara Sudirman, Lantai 22, Jl. Jend. Sudirman Kav. 60, Jakarta Selatan 12190, Indonesia. As a private entity, Cyber Futures operates primarily in the retail forex market, catering to individual traders and investors interested in various financial instruments.
Over the years, Cyber Futures has developed a reputation within the trading community, offering a diverse range of market instruments, including forex currency pairs, stock indices, precious metals, and crude oil. The company has been operational for approximately 5 to 10 years, positioning itself as a player in the competitive forex brokerage industry. However, it is crucial to note that Cyber Futures lacks regulation from recognized financial authorities, which raises concerns about its operational legitimacy and safety for traders.
The business model of Cyber Futures primarily revolves around retail forex trading, providing clients with access to various trading products and services. Despite its unregulated status, the broker has attracted traders by offering competitive spreads and a user-friendly trading platform, specifically the widely-used MetaTrader 4 (MT4). As a cyber futures broker, it aims to facilitate trading for clients looking to explore opportunities in global financial markets.
Cyber Futures is currently not regulated by any major financial authorities, which is a significant red flag for potential clients. The lack of oversight means that there are no guarantees regarding the safety of funds or the legitimacy of trading practices. This absence of regulation can expose traders to higher risks, including potential fraud or mismanagement of funds.
The broker does not provide specific regulatory license numbers or details about compliance with local laws. Additionally, there are no available records indicating participation in investor compensation schemes, which could protect clients in the event of broker insolvency.
In terms of compliance measures, the broker has not disclosed any information regarding its Know Your Customer (KYC) and Anti-Money Laundering (AML) policies. The absence of such measures raises concerns about the protection of client information and the integrity of the trading environment.
Given these factors, prospective clients should exercise extreme caution when considering Cyber Futures as their trading platform. The lack of regulation and transparency significantly increases the risks associated with trading through this broker.
Cyber Futures offers a comprehensive range of trading products to meet the diverse needs of its clients. The broker provides access to a variety of forex currency pairs, including major pairs like EUR/USD, GBP/USD, USD/JPY, and several cross pairs. In total, Cyber Futures supports a selection of five major currency pairs and numerous cross pairs, allowing traders to engage in global currency trading.
In addition to forex, Cyber Futures offers Contracts for Difference (CFDs) on various instruments, including stock indices, commodities like gold and silver, and crude oil. This diversified product offering enables traders to implement a wide range of trading strategies and explore different asset classes.
Cyber Futures is also known for its competitive spreads, starting from 0.1 pips for some major currency pairs, although spreads can vary significantly based on market conditions and specific instruments. The broker does not disclose detailed information regarding commission structures, which could affect overall trading costs.
While Cyber Futures presents a robust product lineup, the lack of transparency regarding product updates and the introduction of new trading instruments raises questions about its commitment to keeping pace with market demands. Traders interested in specific products or services are encouraged to contact Cyber Futures directly for the most accurate and up-to-date information.
Cyber Futures provides its clients with access to the MetaTrader 4 (MT4) trading platform, which is widely regarded as one of the best trading platforms in the industry. MT4 is known for its user-friendly interface, advanced charting tools, and a comprehensive suite of technical indicators, making it suitable for traders of all experience levels.
The broker supports MT4 on multiple devices, including PC, Android, and iOS, allowing for seamless trading on the go. The platform offers various execution modes, including instant execution, and supports automated trading through Expert Advisors (EAs), enhancing trading flexibility and efficiency.
However, there is no indication that Cyber Futures has developed its proprietary trading platform or offers a web-based trading solution. The reliance on MT4 may limit some traders who prefer different platforms or require specific functionalities not available in MT4.
Cyber Futures has not provided detailed information regarding its server locations or technical infrastructure, which are essential factors for ensuring stable and fast trading experiences. Additionally, there is no mention of API access or support for algorithmic trading, which could be a drawback for more advanced traders.
Cyber Futures offers a standard account with a minimum deposit requirement of USD 200. The conditions for this account include competitive spreads starting from 0.1 pips, although average spreads can reach up to 3 pips depending on market conditions. Unfortunately, the broker does not provide detailed information about different account types, including any premium or specialized accounts such as VIP or Islamic accounts.
While a demo account is available for traders to practice their strategies without financial risk, specifics regarding live account features or benefits are not readily accessible. The broker allows leverage of up to 1:200, which can amplify both potential gains and losses, making it essential for traders to understand the risks associated with high leverage.
The minimum trading lot size and overnight fees information have not been disclosed, which could affect traders' decision-making processes. As such, individuals interested in opening a live account should reach out to Cyber Futures directly for comprehensive details on account types, trading conditions, and any additional features available.
Cyber Futures provides several options for funding trading accounts, although specific methods have not been explicitly detailed in available information. Generally, brokers in this market support various deposit methods, including bank transfers, credit cards, and electronic wallets.
The minimum deposit requirement for standard accounts is USD 200, which aligns with industry standards. However, details regarding deposit processing times and any associated fees have not been provided, which could affect traders' experience when funding their accounts.
Withdrawal methods and restrictions are also not clearly outlined, leaving potential clients uncertain about how to access their funds once trading is complete. The lack of information on withdrawal processing times and fees further complicates the decision-making process for prospective traders.
Given these uncertainties, it is advisable for clients to communicate directly with Cyber Futures to clarify any questions regarding deposit and withdrawal procedures, ensuring that they understand the financial management aspects before engaging in trading activities.
Cyber Futures offers customer support primarily through telephone and email channels. Clients can reach out to the broker at +62 21 520 6118 or via email at support@cfforex.co.id. However, the absence of online chat or social media support may limit immediate assistance options for traders requiring quick responses.
The broker operates in the Indonesian time zone, and while there is no specific information regarding the hours of operation, traders should consider this when seeking support. Additionally, it is unclear whether Cyber Futures offers support in multiple languages, which could be a factor for non-Indonesian speaking clients.
In terms of educational resources, Cyber Futures provides basic forex education materials, including articles and tutorials aimed at helping beginners familiarize themselves with trading concepts. However, the depth and breadth of these resources remain unspecified, which may affect the learning experience for novice traders.
Market analysis services, such as daily updates and research reports, were not mentioned, indicating a potential gap in providing traders with timely information to support their trading decisions. Moreover, the availability of trading tools like calculators, calendars, or signal services has not been clearly defined.
Cyber Futures primarily serves clients in Indonesia, leveraging its local presence to cater to the needs of Indonesian traders. However, specific details regarding regional offices or additional coverage areas have not been provided, limiting insight into the broker's operational reach.
The broker does not explicitly disclose any countries or regions from which it does not accept clients. This lack of information could pose a challenge for potential international clients seeking to engage with Cyber Futures.
Overall, while Cyber Futures appears to focus on the Indonesian market, the absence of detailed regional coverage information may limit its attractiveness to traders from other regions. Prospective clients should verify their eligibility to trade with Cyber Futures based on their location and local regulations.
In conclusion, Cyber Futures presents a range of offerings as a cyber futures broker, but potential clients should carefully consider the associated risks due to the broker's unregulated status and lack of transparency in several key areas.
marubosu528
Indonesia
I've only been a customer for 1 week, for the time being it's been fine...always successful
Positive
2023-02-10