DIDIMAX Forex Broker

Registered IndonesiaRegulatedBAPPEBTI and JFXYears of establishment2-5 yearsTrading instrumentsForex pairs, commodities, metals, indices and futuresMinimum Initial Deposit$10,000Maximum Leverage1:100Minimum spread1.0 pips onwardsTrading platformMT5, Didimax Jafetscolt, Didimax MarketsDeposit and withdrawal methodSome local bank funding methods: BNI, BCA, mandiri, CIMB NIAGACustomer Service24/5 Email, phone number, fax, address, live chat with 3 languagesFraud Complaints ExposureNo for nowPros and cons Pros:Regulated by BAPPEBTI and JFXOffers a wide range of trading instruments including forex pairs, futures, metals and commoditiesNo commission charged for deposits and withdrawalsProvides a variety of educational resources such as an economic calendar, market reports, video tutorials, webinars, market news and a free education center with numerous articlesMultiple customer support channels including email, telephone, online chat and call backHedging is allowed in trading activities Cons:Only one account type available with a high minimum deposit requirement of 10,000 USDLimited choice of funding methods with only local banks availableMaximum leverage offered is relatively low compared to other brokers in the industryLimited platform options with only MT5, Didimax Jafetscolt, and Didimax Markets availableWhat type of broker is DIDIMAX？ DIDIMAX is a Market Making (MM) broker, which means that it acts as a counterparty to its clients in trading operations. That is, instead of connecting directly to the market, DIDIMAX acts as an intermediary and takes the opposite position to its clients. As such, it can offer faster order execution speed, tighter spreads and greater flexibility in terms of the leverage offered. However, this also means that DIDIMAX has a certain conflict of interest with their clients, as their profits come from the difference between the bid and ask price of assets, which could lead to them making decisions that are not necessarily in the best interests of their clients. It is important for traders to be aware of this dynamic when trading with DIDIMAX or any other MM broker.General information and regulation DIDIMAX is a forex broker based in Indonesia, regulated by BAPPEBTI and JFX, that offers forex trading, futures, metals, and commodities trading. They offer a single account type with a minimum deposit of 10000 USD, leverage up to 1:100, and spreads from 1 pip, with commissions of 5 USD per 0.1 lot. The broker also provides educational resources, customer support in multiple languages, and local bank funding options for their clients. Here is a video that introduces this company from their official YouTube channel. In the following article, we will analyse the characteristics of this broker in all its dimensions, providing you with easy and well-organised information. If you are interested, read on.Market instruments DIDIMAX offers a wide range of trading instruments, including forex pairs, futures, metals, and commodities. This provides traders with the opportunity to diversify their investments and take advantage of market volatility across multiple asset classes. In addition, DIDIMAX allows traders to trade both spot and futures contracts. However, DIDIMAX does not offer cryptocurrency trading, which may be a disadvantage for some traders who are interested in this asset class. Additionally, DIDIMAX has a relatively limited selection of futures contracts and commodities compared to some other brokers.Spreads and commissions DIDIMAX offers competitive spreads starting from 1 pip and a commission of 5 USD per 0.1 lot traded. DIDIMAX also has a low initial deposit amount, which is beneficial for new traders who want to start with smaller account balances. However, the commission charges can add up for frequent traders, and the higher commissions on smaller lot sizes may be a disadvantage for traders who prefer to trade in smaller amounts. Additionally, during news events or periods of low liquidity, the spreads may widen, resulting in higher costs for traders.Trading accounts DIDIMAX offers only one account type, which has a minimum deposit requirement of 10,000 USD. This account type allows hedging, has a small minimum trade size of 0.1 lot and charges a commission of 5 USD per 0.1 lot. However, the broker's spreads may not be as competitive as other brokers in the market, and the commission charged is relatively higher. Additionally, the broker offers a maximum leverage of only 1:100, which may not be suitable for traders who prefer higher leverage ratios.Trading platforms Didimax offers a range of platforms for traders to choose from. The MT5 platform provides advanced charting and technical analysis tools, while the user-friendly Didimax Jafetscolt platform is suitable for beginners. All platforms are available for both desktop and mobile devices.Leverage The maximum leverage offered by DIDIMAX is up to 1:100. This means that traders can control a position up to 100 times the amount of their capital. For example, with a $1,000 account balance, a trader can potentially control a position size of up to $100,000. Leverage can be a powerful tool for traders to increase their potential profits with a smaller investment. However, it can also increase the risk of larger losses if not managed properly. DIDIMAX offers a leverage level that is common in the forex industry, and traders should ensure that they have a solid understanding of risk management and trade with caution.Deposit and Withdrawal: methods and fees DIDIMAX provides its clients with several local bank funding methods such as BNI, BCA, Mandiri, and CIMB Niaga. The broker also offers instant deposits and fast withdrawals, with no commission charged on transactions. However, the broker only accepts two currencies, USD and IDR, which may limit the options for traders from other countries. Additionally, the funding options are limited to local bank transfers, which may not be suitable for all traders. Overall, the deposit and withdrawal options offered by DIDIMAX are suitable for Indonesian traders who prefer to use local banks, but may not be suitable for traders from other countries.Educational resources DIDIMAX offers a wide range of educational resources to help traders improve their knowledge and skills in forex trading. The free education center provides many articles covering various aspects of trading, from basic concepts to more advanced strategies. In addition, there are webinars, video tutorials, economic calendar, market reports and market news updates that traders can access to keep up with the latest market trends and news. While there is a wealth of information available, there is no personalized coaching or mentorship offered, and the interactive learning options are limited. Customer service DIDIMAX provides a range of customer care options, including multiple communication channels such as email, fax, telephone, online chat, and call back services. This allows customers to choose the method that is most convenient for them. Additionally, the company offers support in three different languages (English, Indonesian, and Mandarin). Conclusion In conclusion, DIDIMAX is an Indonesia-based forex broker that provides a wide range of trading instruments and educational resources for traders. With a minimum deposit of $10,000, the broker offers a single account type with competitive spreads and commissions, and allows hedging. DIDIMAX also provides access to the popular MT5 platform and its proprietary platform, Didimax Jafetscolt. Overall, the broker's regulated status, range of trading instruments, competitive pricing, and educational resources make it an attractive option for traders. However, its limited account types, lack of 24/7 customer support, and the fact that it only accepts USD and IDR as currencies may not suit all traders.FAQsWhat is the minimum deposit requirement at DIDIMAX？The minimum deposit requirement at DIDIMAX is 10,000 USD.What is the maximum leverage offered at DIDIMAX？The maximum leverage offered at DIDIMAX is up to 1:100.What trading platforms are available at DIDIMAX？DIDIMAX offers MetaTrader 5, Didimax Jafetscolt, and Didimax Markets trading platforms.What is the minimum trade size at DIDIMAX？The minimum trade size at DIDIMAX is 0.1 lot.