TPFX Forex Broker
Basic Information
Indonesia
5-10 years Regulated in Indonesia Retail Forex License MT4 Full License MT5 Full LicenseCompany profile
Rating Index
ZERO ECN (Variable)
PRIME
TPFX Forex Broker - Complete Information Guide
1. Broker Overview
TPFX, officially known as PT Trijaya Pratama Futures, was established in 2004. The brokerage firm is headquartered in Jakarta, Indonesia, specifically at Sahid Soedirman Center, Jl. Jenderal Sudirman No. 86. TPFX operates as a private company and offers a range of trading services primarily targeting retail clients in the forex and commodities markets.
Since its inception, TPFX has achieved several milestones, including becoming a member of the Jakarta Futures Exchange (JFX) shortly after its establishment. The company is regulated by the Indonesian Commodity Futures Trading Regulatory Agency, known as Bappebti, which oversees its operations and ensures compliance with local trading regulations. The firm has been operational for nearly two decades, catering to both domestic and international clients looking for retail forex trading opportunities.
TPFX primarily engages in retail forex trading, providing clients with access to various financial instruments such as forex, commodities, indices, and CFDs on single stocks. The brokerage aims to deliver a comprehensive trading experience by offering multiple account types and competitive trading conditions.
2. Regulatory and Compliance Information
TPFX is regulated by Bappebti, the Indonesian regulatory authority responsible for overseeing commodity futures trading. The specific license number held by TPFX is 407/Bappebti/SI/VII/2004. This license ensures that the broker adheres to the regulatory framework established for trading in Indonesia.
The regulatory framework under which TPFX operates includes strict guidelines for client fund protection. Client funds are held in segregated accounts, ensuring that they are kept separate from the company's operational funds. This segregation is crucial in maintaining the integrity of client deposits and provides a level of security for traders.
In terms of compliance, TPFX implements Know Your Customer (KYC) and Anti-Money Laundering (AML) procedures to verify the identity of its clients and prevent illicit activities. These measures are in line with international standards and are designed to protect both the broker and its clients.
3. Trading Products and Services
TPFX offers a diverse range of trading products, primarily focusing on forex trading. The brokerage provides access to numerous currency pairs, including major pairs like EUR/USD, USD/JPY, and GBP/USD. In addition to forex, TPFX also facilitates trading in commodities such as gold, silver, and crude oil, as well as indices and CFDs on individual stocks.
The brokerage regularly updates its product offerings to meet market demands and expand its trading instruments. TPFX does not currently offer cryptocurrency trading, which may limit options for clients interested in digital assets. However, the firm does provide retail trading services to individual traders and is open to institutional clients seeking forex trading solutions.
4. Trading Platform and Technology
TPFX primarily utilizes the MetaTrader 4 (MT4) platform, a widely recognized trading platform favored by traders globally for its user-friendly interface and robust features. The platform supports various trading strategies and provides tools for technical analysis, automated trading, and real-time market data.
In addition to MT4, TPFX has developed its proprietary trading platform, which aims to enhance the trading experience for its clients. This platform is designed to be accessible via web browsers and mobile applications, allowing traders to manage their accounts and execute trades on the go.
The execution model employed by TPFX is primarily STP (Straight Through Processing), ensuring that trades are executed directly in the market without dealing desk intervention. This model is beneficial for traders seeking fast and efficient trade execution.
5. Account Types and Trading Conditions
TPFX offers several account types to cater to different trading preferences and strategies. The account types include:
Standard Account (Variable): This account features floating spreads starting from 1.2 pips and a commission of $1 per trade. It allows leverage of up to 1:400.
Professional Account (Variable): Designed for experienced traders, this account offers tighter spreads starting from 0.4 pips and a commission of $2 per trade, with similar leverage options.
Zero ECN Account (Variable): This account type is tailored for traders who prioritize raw spreads and direct market access, with spreads starting from 0 pips and a commission of $5 per trade.
Standard Account (Fix-Variable): This account combines fixed and floating spreads, with a fixed spread of 1.5 pips and a commission of $2 per trade.
Professional Account (Fix-Variable): This account type features a tighter fixed spread starting from 0.8 pips and a commission of $1 per trade.
The minimum deposit requirements are not explicitly stated for all account types, and traders can enjoy flexible leverage options. The minimum trade size is generally set at 0.01 lots, and the brokerage has a clear policy on overnight fees, ensuring transparency in trading costs.
6. Fund Management
TPFX supports various deposit methods, including bank transfers and credit cards. The minimum deposit requirements may vary depending on the account type chosen. Deposits are typically processed within 30 minutes, provided that the requests are made before the designated cut-off time.
Withdrawals from TPFX can be made through the same methods used for deposits, and the processing time for withdrawals is generally completed by the end of the business day if requests are submitted before 11:00 AM WIB. TPFX does not charge withdrawal fees, although third-party payment providers may impose their own fees.
The brokerage aims to provide a seamless fund management experience, allowing traders to easily deposit and withdraw funds while ensuring that all transactions are secure.
7. Customer Support and Educational Resources
TPFX offers multiple channels for customer support, including email, live chat, and phone support. The brokerage is committed to providing timely assistance to its clients, although response times may vary. The customer support team is available during business hours, primarily focusing on the Indonesian time zone.
In terms of educational resources, TPFX provides a range of materials to help traders enhance their knowledge and skills. These resources include webinars, tutorials, e-books, and market analysis reports. The brokerage also offers trading tools such as economic calendars and market news feeds to keep clients informed about market developments.
8. Regional Coverage and Restrictions
TPFX primarily serves clients in Indonesia and has a significant presence in the local market. The brokerage has established regional offices in various Indonesian cities, including Medan, Makassar, and Batam. However, TPFX does not accept clients from certain countries due to regulatory restrictions, and it is essential for potential clients to verify their eligibility before opening an account.
In summary, TPFX is a regulated forex broker that offers a diverse range of trading products and services, competitive trading conditions, and educational resources to support traders in their financial journey. While there are advantages to trading with TPFX, potential clients should consider the limitations and ensure that the broker aligns with their trading goals and preferences.
TPFX Similar Brokers
Latest Reviews
Sabo8
Canada
1. I started at the recommendation of someone I met on Instagram. Occasionally talked about profits from foreign exchange futures trading. 2. Deposited $1,000 and bought 3 seeds, making a profit of $136. 3. They told me to increase my funds if I want to earn more money. 4. Increased to $20,000, then made profits of $2,100 to $2,700. 5. They said that if I invest $75k, the profits will increase. 6. Increased to $75k. 7. Profits range from $12k to $82k, and I sell when I make a profit between 3-10 minutes. (If the broker contacts me, I buy and sell.) 8. Total profit generated is $181,962. 9. Attempted to withdraw funds: They said I have to pay personal income tax because the profit is over $150k. (35%) 10. Paid personal income tax ($62,669.80). 11. They said my account has a history of frequent deposits, so I need to verify the account. They said I have to pay a fee of $31,000, and after that, they will return the funds to my account unless it is illegal funds. 12. Customer service response: Hello, due to the inspection of foreign exchange customer accounts by the International Financial Anti-Money Laundering Working Group. After reviewing and confirming the deposit and withdrawal records at the exchange, it may be caused by frequent deposit transactions in a short period of time. We have reported your situation to the relevant department, and this communication will help with your cancellation request for the investigation! After passing the verification by the legal department of the exchange, you will need to pay a verification fee of $31,000 USDT. After the account is unfrozen, the verified funds will also be included in the trading balance. After passing the verification, you can perform normal tasks such as buying and selling coins, and transferring funds! That's all for now, and I haven't deposited the $31,000 yet.
Exposure
2024-11-14
奔跑23387
United States
TPFX's website is entirely in Indonesian, which can be confusing for foreign forex traders like me. While their trading conditions were competitive, I had to rely on Google Translate to navigate the menus and communicate with their customer service. Overall, I recommend TPFX for Indonesian traders who are comfortable with the local language, but it may not be the most user-friendly option for foreign traders.
37130
2023-03-23
rickykz7755
Indonesia
the context are as following - i put 2 sell limits on the currency audjpy - both of them have the same entry and sl. the difference between them are the take profit area and lot size. - the 0.02 lot size tp are 1:1 risk reward (21.7pips tp with 21.7pips sl.). 0.01 loy size tp are 1:3. (64.1pips tp with 21.7pips sl) - the 0.02 lot size positions, hit its tp. however the 0.01 lot size position sl. - 0.01 lot closed with -1.42 loss. while the 0.02 lot closed with 1.56 profit. now, is it mathematically possible that 0.01 lot size risk are the same as 0.02 lot size risk? the answer, ITS FUCKING IMPOSSIBLE. the parameter for the trade - 200usd equity - 2% risk ($4/trades divided by 2 position) - risk pips 21.7 pips - usdjpy prices (157.297) i used babypips calculator for taking my trades since it is accurate to a degree with a little deviations (0.000x deviation since babypips only go 0.000x decimal). using the parameter that i inputted, i have the final total lot size of 0.0286, rounded up into 0.03 total lots, with each 0.01 lots risking 1.3986 USD, rounding up into 1.40USD. now, the 0.02 lots risk should be 2.8USD. the reward SHOULD BE 2.8USD. however, by some VOODOO MAGIC TYPE OF SHIT i got a mere 1.56 USD in profit. i discussed this 'simple error' to their support. guess what, THEY AREN'T ANSWERING THE PHONE. i dialed, dialed, dialed and dialed. but alast nothing. maybe the emails work. NO. THEY DONT. The email somehow BOUNCED. (idk if its possible but it is apparently) so. what i get is, this is a shitty broker, with a shitty support system, that pints don't THEIR mistake into MY MISTAKE. i am speechless. pardon my french in this reporting sections, since if they did this with a small accounts, then they WILL DO IT IN A HUGE ACCOUNT. Their agreement means NOTHING FOR YOU. Jika kamu org indo, pliss jgn pakek ini, mending MIFX, ASIAPRO atau dupoin. setidaknya mrka fair dan GAMPANG DI HUBUNGI.
Exposure
01-15