PACIFIC 2000 Forex Broker

Pacific 2000 Forex Broker - Complete Information Guide

1. Overview of the Broker

　　Pacific 2000, officially known as PT Pacific Duar Ibu Futures, was established in 2018 and is headquartered in Indonesia. This broker operates as a private company and primarily serves clients in the Indonesian and Hong Kong markets, catering to a diverse range of retail and institutional clients. Since its inception, Pacific 2000 has aimed to provide a comprehensive trading experience, focusing on forex trading services.

　　The company has experienced a steady growth trajectory since its establishment, marking significant milestones such as the acquisition of regulatory licenses and the development of trading platforms that cater to both novice and experienced traders. Although relatively new in the industry, Pacific 2000 has made efforts to position itself as a competitive player in the forex market.

　　Pacific 2000 operates under the regulatory oversight of the Badan Pengawas Perdagangan Berjangka Komoditi (Bappebti), the Indonesian Commodity Futures Trading Regulatory Agency. This affiliation emphasizes the broker's commitment to adhering to local financial regulations, ensuring that it operates within the legal framework established for financial institutions in Indonesia.

　　The business model of Pacific 2000 is primarily focused on retail forex trading, providing clients with access to a variety of currency pairs and trading tools. The broker also aims to expand its services to institutional clients, offering tailored solutions that meet the specific needs of larger trading entities.

2. Regulatory and Compliance Information

　　Pacific 2000 is regulated by the Badan Pengawas Perdagangan Berjangka Komoditi (Bappebti), with the license number 129/Bappebti/SI/IX/2001. This regulatory body is responsible for overseeing the activities of financial institutions in Indonesia, ensuring that they comply with local laws and regulations. The broker's regulatory status is essential for maintaining investor confidence and providing a secure trading environment.

　　The license granted by Bappebti covers a range of activities, including retail forex trading, and is subject to periodic reviews to ensure compliance with regulatory standards. Pacific 2000 has implemented strict Know Your Customer (KYC) and Anti-Money Laundering (AML) measures to safeguard against illicit activities and protect investor funds.

　　Client funds are kept in segregated accounts, ensuring that they are protected in the event of financial difficulties faced by the broker. This practice is a critical aspect of the broker's commitment to transparency and investor protection. Additionally, during the evaluation period, no negative regulatory disclosures were found regarding Pacific 2000, indicating a clean compliance record.

3. Trading Products and Services

　　Pacific 2000 offers a diverse range of trading products, primarily focusing on forex currency pairs. The broker provides access to a significant number of currency pairs, including major, minor, and exotic pairs, allowing traders to engage in various trading strategies.

　　In addition to forex trading, Pacific 2000 also offers Contracts for Difference (CFDs) on several asset classes, including:

• Indices
• Commodities
• Stocks
• Cryptocurrencies (Note: Currently not supported)

　　The broker continuously updates its product offerings, aiming to introduce new trading instruments that meet the evolving needs of its clients. Pacific 2000 is committed to providing retail trading services, ensuring that individual traders have access to the tools and resources necessary for effective trading.

　　For institutional clients, Pacific 2000 offers tailored services that may include white-label solutions and asset management services. These offerings are designed to meet the specific requirements of larger trading entities, providing them with the necessary infrastructure and support to operate efficiently in the financial markets.

4. Trading Platforms and Technology

　　Pacific 2000 supports the widely recognized MetaTrader 4 (MT4) trading platform, known for its user-friendly interface and advanced trading capabilities. This platform allows traders to execute trades efficiently, utilize automated trading strategies through Expert Advisors (EAs), and access a wide range of analytical tools.

　　In addition to MT4, Pacific 2000 has developed its proprietary trading platform, which is accessible via web browsers and mobile devices. This platform is designed to provide users with a seamless trading experience, offering features such as real-time market data, advanced charting tools, and customizable trading interfaces.

　　The broker emphasizes the importance of technology in trading, utilizing robust server infrastructure to ensure low latency and high reliability in trade execution. The servers are strategically located to optimize trading conditions, providing clients with a competitive edge in the forex market.

　　API access for automated trading is also available, allowing traders to connect their trading systems directly to the broker's platform. This feature is particularly beneficial for algorithmic traders looking to implement their strategies with minimal manual intervention.

5. Account Types and Trading Conditions

　　Pacific 2000 offers several account types to cater to the varying needs of its clients. The primary account options include:

• 　　Standard Account:

• 　　Minimum deposit: $100

• 　　Spreads start from: 1.5 pips

• 　　Commission: None

• 　　VIP Account:

• 　　Minimum deposit: $10,000

• 　　Spreads start from: 1.0 pips

• 　　Commission: Variable based on trading volume

• 　　Islamic Account:

• 　　Available for clients who require a Sharia-compliant trading solution, ensuring no interest is charged on overnight positions.

• 　　Demo Account:

• 　　Allows potential clients to practice trading without financial risk, providing a simulated trading environment to hone their skills.

　　Leverage ratios offered by Pacific 2000 vary depending on the account type and the specific trading instruments. The broker typically provides leverage of up to 1:100, enabling traders to amplify their positions in the market.

　　The minimum trade size is 0.01 lots, allowing for flexible trading strategies. Traders should also be aware of the overnight fees, which apply to positions held beyond the trading day, impacting the overall cost of trading.

6. Fund Management

　　Pacific 2000 supports a variety of deposit methods to facilitate easy funding of trading accounts. Accepted deposit methods include:

• Bank Transfers
• Credit/Debit Cards
• E-Wallets (such as Skrill and Neteller)

　　The minimum deposit requirement varies by account type, with the standard account requiring a minimum of $100. Deposit processing times are generally swift, with most transactions being credited to the trading account almost instantly, while bank transfers may take longer, typically 1-3 business days.

　　Pacific 2000 does not charge deposit fees, ensuring that clients can fund their accounts without incurring additional costs. Withdrawal methods mirror those available for deposits, and the processing time for withdrawals can vary, typically taking 1-5 business days depending on the method used.

　　Withdrawal fees may apply, especially for certain e-wallet transactions, and clients are encouraged to review the fee structure before initiating withdrawals.

7. Customer Support and Educational Resources

　　Pacific 2000 offers robust customer support through multiple channels, including:

• Phone Support
• Email Support
• Live Chat
• Social Media Platforms

　　The support team is available during business hours, catering to clients in different time zones, particularly in Indonesia and Hong Kong.

　　The broker provides multilingual support, including English, Indonesian, and Simplified Chinese, ensuring effective communication with a diverse client base.

　　To enhance client knowledge and trading skills, Pacific 2000 offers a range of educational resources, including:

• Webinars
• Tutorials
• E-books
• Market Analysis Services (daily updates, news, and research reports)

　　Additionally, the broker provides various trading tools, such as calculators and economic calendars, to assist traders in making informed decisions.

8. Regional Coverage and Restrictions

　　Pacific 2000 primarily serves clients in Indonesia and Hong Kong, with a focus on expanding its reach in the Asia-Pacific region. The broker has regional offices to support its operations and client services effectively.

　　While Pacific 2000 aims to cater to a broad market, there are certain jurisdictions from which it does not accept clients. These include countries with stringent regulatory restrictions or where the broker is not licensed to operate.

　　Specific limitations may apply to clients from regions that have regulations against forex trading or where the broker's services do not align with local laws. Prospective clients are encouraged to check the broker's website for the most up-to-date information regarding service availability in their respective countries.

　　In conclusion, Pacific 2000 presents itself as a comprehensive forex broker focused on providing a range of services and products tailored to meet the needs of its clients. With a commitment to regulatory compliance and customer support, it aims to establish itself as a reputable player in the forex trading industry. The Pacific 2000 broker continues to adapt and grow, ensuring it remains competitive in an ever-evolving market.