TPFx Forex Broker

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.