Asia Trade Point Futures (ATPF) has garnered a mix of opinions in the forex trading community. While some users appreciate the range of trading instruments offered, others express concerns regarding the broker's regulatory status and overall transparency. This review synthesizes key insights from various sources, highlighting both the advantages and disadvantages of trading with ATPF.
Note: It's essential to recognize that the regulatory environment can vary significantly across regions. This review aims to provide a fair and accurate assessment of Asia Trade Point Futures based on available data.
Rating Overview
How We Rate Brokers: Our ratings are based on a combination of user feedback, expert opinions, and factual data regarding the brokers offerings.
Broker Overview
Founded in 2004, Asia Trade Point Futures is an Indonesian financial brokerage firm that provides a range of trading services, including forex, commodities, and index futures. The broker initially operated under the oversight of the Indonesian Commodity Futures Trading Regulatory Agency (BAPPEBTI) but has since faced a revocation of its license, raising concerns about its regulatory compliance. ATPF offers trading through its proprietary platforms, including ATPF Trader 4, which is compatible with both desktop and mobile devices. The available asset classes include forex pairs, commodities, and index futures, but specific details about tradable instruments are often vague and not well-documented.
Detailed Analysis
Regulation and Geographical Reach
Asia Trade Point Futures is based in Indonesia and was previously regulated by BAPPEBTI. However, the revocation of its license has left it operating without formal regulatory oversight, which is a significant red flag for potential investors. According to various sources, the lack of clear regulatory status increases the risks associated with trading through this broker. As noted by WikiFX, the absence of a valid license raises concerns about the broker's legitimacy and safety.
The minimum deposit requirement for opening an account with Asia Trade Point Futures is notably high, set at approximately 50,000,000 Indonesian Rupiah (around $3,500), which is significantly more than many competitors that allow entry for as low as $100. This high barrier to entry could deter novice traders. Furthermore, the withdrawal process lacks transparency, with no clearly defined fees or processing times, adding to the uncertainty for users looking to access their funds.
Trading Costs
The spreads offered by Asia Trade Point Futures are reported to be around 1.0 pips for major currency pairs, which is competitive compared to industry standards. However, some reviews indicate that the actual trading costs may be higher than advertised, with spreads reaching up to 4 pips in certain scenarios. Users should be cautious and verify the actual costs before committing to trades.
ATPF primarily utilizes the ATPF Trader 4 platform, which is a version of the widely used MetaTrader 4. While this platform is familiar to many traders, it lacks the advanced features and capabilities of MetaTrader 5, which has become the industry standard among leading brokers. The absence of more modern trading platforms could limit the trading experience for more advanced users.
Customer Support and User Experience
Customer support at Asia Trade Point Futures is available through multiple channels, including phone, email, and social media. Users have reported mixed experiences, with some praising the responsiveness of the support team while others have faced long wait times for assistance. As highlighted in a review on The Forex Review, the lack of comprehensive documentation, such as terms and conditions, further complicates the user experience and raises questions about the broker's transparency.
Final Thoughts
In conclusion, Asia Trade Point Futures presents a mixed bag for potential traders. While the broker offers a range of financial instruments and multiple customer support channels, serious concerns regarding its revoked regulatory status and high minimum deposit requirements cannot be overlooked. Before considering trading with ATPF, it is crucial for users to conduct thorough due diligence and weigh the risks involved.
For those interested in exploring other options, it may be prudent to consider more established and regulated brokers that offer similar trading conditions but with a higher level of security and transparency.
In summary, this Asia Trade Point Futures review highlights the importance of regulatory compliance and user experience in making informed trading decisions.
