First State Futures Review SummaryFounded2022Registered Country/RegionIndonesiaRegulationRegulated by ICDXMarket InstrumentsAmerican single stocks, currencies, metals & energy, stock indices, micro multilateral, commodities (CPO, Olein, Cocoa, coffee)Demo Account✅Leverage/Spread/Trading PlatformJAFeTS NOW and MT4 trading platformMin Deposit/Customer Support09:00 - 05:00 WIBTel: +6231-505-5599 (ext: 212)Fax: +6231-503-8885Email: info@firststate-futures.comFacebook, Twitter, Linkedin, TelegramAddress: Jl. Sulawesi No. 48, Surabaya, East Java, Indonesia PPFX+4FRegional RestrictionsBritish Columbia, Quebec, and Saskatchewan in Canada, as well as the Democratic People's Republic of Korea (North Korea), Iran, the United States, and Hong Kong. PT. First State Futures, based in Surabaya, operates multiple branch offices in cities such as Bali, Jember, and Solo. As a licensed member of the futures exchange and with BAPPEBTI endorsement, the company offers trading platforms like JAFeTS NOW and MT4. Here is the home page of this brokers official site:Pros and ConsPros Cons Regulated by ICDXRevoked BAPPEBTI licenseSecurity measures providedSuspicious clone JFX licenseDiverse market instrumentsRegional restrictionsDemo accountsLimited info on trading conditionsMT4 platformInactivity fee chargedNo fees for deposits and withdrawalsLimited payment optionsMultiple contact channelsIs First State Futures Legit? First State Futures is regulated by Indonesia Commodity and Derivatives Exchange (ICDX). It holds Retail Forex License with No. 037/SPKB/ICDX/Dir/VIII/2010. Besides, it also offers security measures including segregated accounts.Indonesia Commodity and Derivatives Exchange (ICDX)Regulatory Status RegulatedRegulated by IndonesiaLicensed Institution First State Futures, PTLicensed TypeRetail Forex LicenseLicensed Number037/SPKB/ICDX/Dir/VIII/2010 However, their license of Badan Pengawas Perdagangan Berjangka Komoditi Kementerian Perdagangan (BAPPEBTI) is revoked and Jakarta Futures Exchange (JFX) is suspicious clone.Badan Pengawas Perdagangan Berjangka Komoditi Kementerian Perdagangan (BAPPEBTI)Regulatory Status RevokedRegulated byIndonesiaLicensed InstitutionPT. First State FuturesLicensed TypeRetail Forex LicenseLicensed Number18/BAPPEBTI/PN/3/2010Jakarta Futures Exchange (JFX)Regulatory Status Suspicious CloneRegulated by IndonesiaLicensed Institution First State FuturesLicensed TypeRetail Forex LicenseLicensed NumberSPAB-058/BBJ/01/04What Can I Trade on First State Futures? First State Futures offers American single stocks, currencies, metals & energy, stock indices, micro multilateral, and commodities (CPO, Olein, Cocoa, coffee).Tradable Instruments Supported Forex✔Commodities✔Metals✔Energy✔American Single Stocks✔Stock Indices✔Cryptocurrencies❌Bonds❌Options❌ETFs❌Account Type First State Futures offers three kinds of accounts: Single Platform Account, Micro Multilateral Account and Multilateral Commodities Account. Also, demo accounts are also available.Account TypeProducts CoveredLot SizeExchange Rate/CurrencySingle Platform AccountAll Bilateral productsFrom 0.1 lotsFixed at IDR 14,000Self Investor - Micro Multilateral AccountWorld Currencies, Energy, CommoditiesFrom 1 lot (Micro)Daily USDIDR rateSelf Investor - Multilateral Commodities AccountGold, CPO, Olein, Cocoa, CoffeeFrom 1 lotIDR per purchase To open an account of First State Futures, you need to have a demo account before applying for a live account. Additionally, log in to the cabinet registration page provided. Open your email and click the Activation link on the email that has been sent to verify the email.First State Futures FeesAccount TypeTransaction FeesSingle Platform AccountFrom $0.1Self Investor - Micro Multilateral AccountFrom $0.25Self Investor - Multilateral Commodities AccountFrom IDR 500 Besides, it charges an inactivity fee of USD 50 when the client's account has been inactive for 30 (thirty) consecutive days of inactivity.Trading Platform First State Futures offers JAFeTS NOW and MT4 trading platform.Trading PlatformSupported Available Devices Suitable for JAFeTS NOW✔Electronic-based/MT4✔Web, desktop, phoneBeginnersMT5❌/Experienced traders JAFeTS NOW Trading Platform: This platform is built on the latest technology to support future technological developments and can be further developed as market needs change. It also supports the simulation of multilateral commodity trading. MetaTrader 4 (MT4) Trading Platform: Based on software from Metaquotes Software Corp, MT4 is a versatile platform that supports all types of devices. The platform provides real-time quotes, charts, market news, and offers full instant execution of trades.Deposit and Withdrawal In First State Futures, deposits are only made using book transfers to segregated accounts (separate accounts) in the name of PT. It does not charge deposit or withdrawal fees. Withdrawals can only be processed and transferred through the payment method you used to deposit the deposit.