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SoegeeFX foreign exchange brokers specializing in providing foreign exchange trading services, the company's official website https://soegeefx.com, about the company's legal and temporary regulatory information, the company's address .

SoegeeFX Forex Broker

Basic Information

Registered Region

Indonesia

Operating Period

Company Name

Soegee Futures

Abbreviation

SoegeeFX

Company employee

Contact Number

+62 21 – 3911 085

Company Website

https://soegeefx.com

Facebook

https://www.facebook.com/SFXIndo

https://www.twitter.com/soegeefx

Keywords

5-10 years

Suspicious Regulatory License

Suspicious Scope of Business

High potential risk

Company profile

AspectInformationCompany NameSoegeeFXRegistered Country/AreaIndonesiaFounded Year2000RegulationUnregulatedMarket InstrumentsForex Pairs, Precious Metals, Energies, Indices, Single Stock CFDs, CommoditiesAccount TypesZERO-TRADER, 101-TRADER, PRO-TRADERMinimum Deposit$200Maximum Leverage1:200SpreadsStarting from 0.1 pips for major Forex pairs, 0.01 pips for goldTrading PlatformsMetaTrader 4 (MT4), SoegeeFX mobile appCustomer SupportPhone:+62 21 3911 085CUSTOMER SERVICE:+62 21 3911 138WA: +62 812 1234 5962DEALING ROOM:+62 21 3911 101Email:cs@soegeefutures.comeducation@soegeefutures.compartnership@soegeefutures.comDeposit & WithdrawalBank Transfer, VisaOverview of SoegeeFX SoegeeFX, based in Indonesia and founded in 2000, operates as an unregulated Forex broker offering a range of trading assets including Forex pairs, precious metals, energies, indices, and single stock CFDs. Despite providing access to popular assets and employing an easy-to-use trading platform like MetaTrader 4, SoegeeFX faces notable drawbacks. Its unregulated status raises risks about investor protection and transparency, with no oversight from financial authorities to ensure fair practices. Additionally, the platform's limited payment methods and varying minimum deposit requirements ($200 to $1000) can restrict accessibility and convenience for potential traders, detracting from its overall appeal in the competitive brokerage landscape.Regulatory Status SoegeeFX operates without regulatory licensing. This means they are not supervised or reviewed by any financial regulatory authority. Lack of regulation can pose risks to investors, such as insufficient protection for funds and limited dispute resolution mechanisms. Investors should exercise caution as unregulated status may increase potential risks and impact the transparency and reliability of the trading platform.Pros and ConsProsConsAccess to MT4Official website inaccessibleMultiple asset classesMinimum deposit variesMobile trading appLimited payment can be as high as $1000 for some account typesCompetitive spreads as low as 0.1 pips for major Forex pairsUnregulatedVarious customer support options Pros:Access to MT4: SoegeeFX offers access to MetaTrader 4 (MT4), a popular trading platform known for its robust features including advanced charting tools, technical analysis capabilities, and support for automated trading through Expert Advisors (EAs).Multiple Asset Classes: Traders can access a wide range of asset classes on SoegeeFX, including major Forex pairs, precious metals, energies, indices, and single stock CFDs from US, EU, and HK markets, providing opportunities for diversified trading strategies.Mobile Trading App: SoegeeFX provides a mobile trading app, allowing users to trade and manage their accounts conveniently from their smartphones, ensuring flexibility and accessibility in monitoring and executing trades on-the-go.Competitive Spreads: The platform offers competitive spreads starting as low as 0.1 pips for major Forex pairs, potentially reducing trading costs and enhancing profitability for traders focusing on these markets.Various Customer Support Options: SoegeeFX offers multiple customer support channels, including phone, email, and WhatsApp, ensuring accessibility for users seeking assistance with account management, trading inquiries, and technical support. Cons:Official Website Inaccessibility: Users face challenges accessing SoegeeFX's official website at times, which could hinder access to critical trading information, updates, and account management functionalities.Minimum Deposit Variability: The minimum deposit requirement varies across account types on SoegeeFX, potentially starting at $200 for some accounts but rising to as high as $1000 for others, which can not be suitable for all traders depending on their initial investment capabilities.Limited Payment Methods: SoegeeFX has limited payment methods available, primarily through bank transfer and Visa, which restricts convenience for users preferring alternative payment options or seeking faster transaction processing times.Unregulated Status: SoegeeFX operates without regulatory licensing, which means it lacks oversight from financial regulatory authorities. This could pose risks for investors related to fund protection and transparency compared to regulated platforms.Market Instruments SoegeeFX offers a variety of trading assets across six different asset classes, totaling over 130 instruments. These include Forex Pairs, Precious Metals, Energies, Indices, US, EU, HK Single Stock CFDs, and JFX Commodity. This wide range allows traders to engage in various trading activities spanning major currency pairs, valuable metals, energy commodities, global indices, single stock CFDs from US, EU, and HK markets, and commodities listed under JFX.Account Types SoegeeFX provides three investment plans: ZERO-TRADER, 101-TRADER, and PRO-TRADER. The ZERO-TRADER plan requires a minimum deposit of $200, while the other two accounts necessitate an initial deposit of $1000 each.Leverage In terms of the leverage this broker offers, it stands at 200:1, which is high on the scale of trading leverage.Spreads & Commissions At SoegeeFX, you can opt for variable spreads, starting from 0.1 pips for major Forex pairs and as low as 0.01 pips for gold trading. Commission structures vary across accounts. The ZERO-TRADER account incurs a minimum commission of $50 per month, while the 101-TRADER plan carries a minimum commission of $100 monthly. The PRO-TRADER account features a competitive commission rate without a minimum charge.Trading Platform SoegeeFX offers its clients access to the widely used trading platform, MetaTrader 4 (MT4), along with their own proprietary mobile app, named the SoegeeFX mobile app. MT4 is renowned for its competitive charting tools, technical analysis capabilities, and automated trading features through Expert Advisors (EAs). The SoegeeFX mobile app provides on-the-go trading convenience, allowing users to manage their accounts, execute trades, and monitor market developments from their mobile devices.Deposit & Withdrawal SoegeeFX offers straightforward payment methods primarily through bank transfer and Visa. The minimum deposit for the ZERO-TRADER account is set at $200, while both the 101-TRADER and PRO-TRADER accounts require an initial deposit of $1000 each. Regarding payment fees, specific details were not explicitly provided.Customer Support SoegeeFX provides customer support via various channels. For general inquiries, contact Customer Service at +62 21 3911 138 or reach out to the Dealing Room at +62 21 3911 101. For WhatsApp support, use +62 812 1234 5962. Email inquiries can be directed tocs@soegeefutures.com for customer service,education@soegeefutures.comfor educational queries, andpartnership@soegeefutures.comfor partnership matters. The company is located at Graha Selaras, Jl. KH Mas Mansyur No. 59, Kebon Melati – Tanah Abang, Jakarta Pusat 10230, Indonesia. Follow SoegeeFX on social media platforms like Facebook, Twitter, and Instagram for updates.Conclusion In conclusion, while SoegeeFX offers a wide range of trading assets and access to the popular MetaTrader 4 platform, its unregulated status poses significant risks for potential investors. The lack of regulatory oversight means there are no guarantees of fund security or fair trading practices, potentially exposing traders to higher levels of risk. Moreover, the platform's limited payment methods and varying minimum deposit requirements, ranging from $200 to $1000, can be restrictive and inconvenient for traders seeking consistency and ease of use.FAQ What trading assets are available on SoegeeFX？ SoegeeFX offers Forex pairs, precious metals, energies, indices, single stock CFDs from US, EU, HK markets, and commodities. How can users contact SoegeeFX's customer support？ Users can reach SoegeeFX's customer support via phone, email, or WhatsApp. What is the minimum deposit required to open an account with SoegeeFX？ The minimum deposit is $200 for the ZERO-TRADER account and $1000 for the 101-TRADER and PRO-TRADER accounts. Is SoegeeFX regulated？ No, SoegeeFX operates without regulatory oversight.Risk Warning Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information provided in this review may be subject to change due to the constant updating of the company's services and policies.

SoegeeFX broker review

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SoegeeFX Complete Account Guide: Registration, Account Opening, and Login Processes Part One: Account Registration Process How to Register a SoegeeFX Account The SoegeeFX registration process is straightforward, allowing new users to create an account quickly. Follow these detailed steps to get star

SoegeeFX Forex Broker - Comprehensive Information Guide

1. Overview of the Broker

　　SoegeeFX, officially known as Soe Gee Futures, is a forex broker that was established in 2000. The company is headquartered in Jakarta, Indonesia, and operates as a private entity. SoegeeFX primarily serves retail clients interested in forex trading, offering a wide range of financial instruments.

　　Over the years, SoegeeFX has developed a reputation in the trading community, although it has faced scrutiny regarding its regulatory status. The broker claims to have been in operation since 2000; however, its domain was registered in 2011, raising questions about its claimed history. Despite this, SoegeeFX offers various trading services, including forex and CFDs, catering to a diverse clientele.

　　The company operates under the regulatory oversight of the Indonesian Commodity Futures Trading Regulatory Agency (BAPPEBTI), although this agency does not provide a license specifically for forex trading. This has led to concerns regarding the safety and security of clients' funds. As a result, SoegeeFX is categorized as an unregulated forex broker, which poses risks for potential investors.

　　The business model of SoegeeFX focuses on retail forex trading, providing clients with access to a range of trading instruments, including currency pairs, commodities, and indices.

2. Regulatory and Compliance Information

　　SoegeeFX operates under the regulatory framework of BAPPEBTI, which is the Indonesian Commodity Futures Trading Regulatory Agency. The regulatory license number is 42/BAPPEBTI/SI/XII/2000. However, it is crucial to note that BAPPEBTI does not issue licenses specifically for forex trading, which means that SoegeeFX does not have valid regulatory oversight for forex activities.

　　The lack of regulation raises significant concerns regarding investor protection and the security of client funds. SoegeeFX does not participate in any investor compensation schemes, which means that if the broker were to encounter financial difficulties, clients might have limited recourse to recover their investments.

　　In terms of compliance measures, SoegeeFX claims to implement KYC (Know Your Customer) and AML (Anti-Money Laundering) protocols to verify the identity of their clients and prevent fraudulent activities. However, the effectiveness of these measures cannot be independently verified due to the broker's unregulated status.

3. Trading Products and Services

　　SoegeeFX offers a variety of trading products, primarily focusing on forex pairs. The broker provides access to more than 130 trading instruments, including:

Forex Currency Pairs: A wide range of major, minor, and exotic currency pairs.
CFDs: Contracts for Difference on indices, commodities, and single stocks.
Precious Metals: Trading in gold and silver.
Energies: Opportunities to trade energy commodities.

　　The broker regularly updates its product offerings to meet the evolving needs of traders. However, the specifics regarding the frequency of these updates and any newly added products are not disclosed.

　　SoegeeFX primarily caters to retail traders but may also provide services for institutional clients, though detailed information on institutional offerings is limited. The broker does not appear to offer white-label solutions or asset management services.

4. Trading Platforms and Technology

　　SoegeeFX supports the widely recognized MetaTrader 4 (MT4) platform, which is known for its robust trading capabilities. The platform provides advanced charting tools, technical analysis features, and supports automated trading through Expert Advisors (EAs).

　　In addition to MT4, SoegeeFX has developed its own proprietary mobile trading application, allowing users to trade on-the-go. The mobile app is available for both iOS and Android devices, providing flexibility and convenience for traders.

　　The broker operates on a Market Making execution model, which means that it may take the opposite side of client trades. While this model can provide liquidity, it may also lead to potential conflicts of interest.

　　SoegeeFXs servers are located in Indonesia, and the broker claims to have a reliable technical infrastructure to support its trading operations. However, specific details regarding server locations and technology infrastructure are not disclosed.

　　API access and automated trading support are not explicitly mentioned, indicating a potential limitation for traders seeking advanced trading solutions.

5. Account Types and Trading Conditions

　　SoegeeFX offers several account types to accommodate different trading preferences:

Zero Trader Account: Requires a minimum deposit of $200 and offers spreads starting from 0.1 pips. This account type incurs a monthly commission of $50.
101 Trader Account: Also requires a minimum deposit of $1000 with similar trading conditions as the Zero Trader Account.
Pro Trader Account: Requires a minimum deposit of $1000 and features competitive commission rates without a minimum charge.

　　The maximum leverage offered by SoegeeFX is 1:200, which is relatively high compared to industry standards. The broker allows for a minimum trade size of 0.01 lots, providing flexibility for traders.

　　Overnight fees and swap rates apply, but specific details about these costs are not readily available. The broker does not offer specialized accounts such as Islamic accounts or corporate accounts.

6. Fund Management

　　SoegeeFX supports various deposit methods, including:

Bank Transfers
Credit/Debit Cards
Electronic Wallets

　　The minimum deposit requirement varies by account type, with the Zero Trader Account starting at $200 and the other accounts requiring $1000.

　　Deposit processing times generally vary, with local transfers being processed quickly, while international transfers may take 1-3 business days.

　　Regarding fees, SoegeeFX does not explicitly state the costs associated with deposits, but it has been noted that international transfers incur a 0.5% fee.

　　Withdrawals can be made through similar methods, but the specific withdrawal limits and processing times are not detailed. Clients have reported issues with withdrawal requests, which raises concerns about the broker's reliability in fund management.

7. Customer Support and Educational Resources

　　SoegeeFX provides customer support through multiple channels:

Phone: +62 21 3911 085
Email: cs@soegeefutures.com
WhatsApp: +62 812 1234 5962

　　The support team is available during Indonesian business hours, but specific time zone coverage is not provided.

　　The broker offers support in Indonesian and English, catering to a diverse client base.

　　In terms of educational resources, SoegeeFX provides limited materials, including market analysis and tutorials. However, the depth and quality of these resources have been criticized, indicating a potential area for improvement.

8. Regional Coverage and Restrictions

　　SoegeeFX primarily serves clients in Indonesia and may also cater to traders from other regions. However, the broker does not explicitly state its geographical coverage or the locations of its regional offices.

　　Certain countries may be restricted from opening accounts with SoegeeFX, especially those with stringent financial regulations or where the broker does not have the necessary licensing. Specific countries or regions where SoegeeFX does not accept clients are not detailed in the available information.

　　In conclusion, while SoegeeFX offers a range of trading products and access to popular trading platforms, its unregulated status poses significant risks. Potential clients should carefully consider these factors before engaging with the broker.

　　In this context, it is essential to conduct thorough research and ensure that any broker selected aligns with ones trading needs and risk tolerance. The soegeefx broker remains a topic of concern in the trading community, particularly due to its regulatory ambiguities and customer service issues.

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