PG BERJANGKA Forex Broker provides real users with * positive reviews, 1 neutral reviews and * exposure review!
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To tell the truth, I don't like the services that PG BERJANGKA offers, since there are only commodities instruments, it doesn't offer MT4 and MT5 platforms either. In addition, their website is not available in Spanish or English.
PG Berjangka, an Indonesian forex broker, has garnered mixed reviews from users and experts alike. While it is regulated by Bappebti, the Indonesian Commodity Futures Trading Regulatory Agency, concerns about its limited trading options and customer service persist. Notably, many reviews highlight the lack of popular trading platforms like MT4 and MT5, which could deter potential traders.
Note: It's essential to consider that PG Berjangka operates in a region with varying regulatory standards, which can impact user experience and security. This review aims for fairness and accuracy by incorporating diverse perspectives.
| Category | Score (out of 10) |
|---|---|
| Account Conditions | 5.0 |
| Tools and Resources | 4.0 |
| Customer Service and Support | 5.5 |
| Trading Experience | 4.0 |
| Trustworthiness | 5.0 |
| User Experience | 4.5 |
We score brokers based on user feedback, expert evaluations, and available data.
Founded in 2013, PG Berjangka operates out of Jakarta, Indonesia, and is primarily focused on commodity futures trading. The broker is regulated by Bappebti, which provides a level of oversight intended to protect traders. However, the platform does not support popular trading software like MT4 or MT5, which limits its appeal to a broader audience. PG Berjangka offers a narrow range of trading instruments, primarily focusing on commodities, which may not cater to traders seeking diversity in asset classes.
Regulated Regions: PG Berjangka is regulated in Indonesia by Bappebti. However, the regulatory environment in Indonesia has been criticized for being less stringent compared to other jurisdictions, raising concerns about the safety of client funds.
Deposit/Withdrawal Currencies: The platform supports deposits and withdrawals in Indonesian Rupiah (IDR) but lacks support for cryptocurrencies, which may limit flexibility for some traders.
Minimum Deposit: The minimum deposit requirement is not explicitly stated in available reviews, indicating a potential lack of transparency in account conditions.
Bonuses/Promotions: There is limited information regarding bonuses or promotions offered by PG Berjangka, which could be a drawback for traders looking for incentives.
Tradeable Asset Classes: PG Berjangka primarily offers commodity futures, which may not be appealing for forex traders or those interested in equities or CFDs.
Costs (Spreads, Fees, Commissions): Specific details about spreads and fees are scarce, but some reviews indicate that the overall cost structure may not be competitive compared to other brokers in the market.
Leverage: The leverage options are not well-documented, leading to uncertainty regarding how much capital traders can control with their investments.
Allowed Trading Platforms: As mentioned, PG Berjangka does not support MT4 or MT5, which are industry standards among many traders. Instead, it appears to offer a proprietary platform, which may not meet the expectations of experienced traders.
Restricted Areas: There is no clear information on restricted regions, but potential clients should verify their eligibility based on local regulations.
Available Customer Service Languages: Customer support primarily operates in Indonesian, which may pose challenges for non-Indonesian speakers seeking assistance.
| Category | Score (out of 10) | Explanation |
|---|---|---|
| Account Conditions | 5.0 | Limited options and unclear minimum deposit requirements. |
| Tools and Resources | 4.0 | Absence of popular trading platforms like MT4/MT5. |
| Customer Service and Support | 5.5 | Mixed reviews on responsiveness and effectiveness. |
| Trading Experience | 4.0 | Narrow focus on commodities limits trading experience. |
| Trustworthiness | 5.0 | Regulated but with concerns about the robustness of oversight. |
| User Experience | 4.5 | User feedback suggests a need for improvement in various areas. |
Account Conditions (5.0): The lack of transparency regarding minimum deposit requirements and account types is a significant drawback. Many users expressed frustration over these ambiguities, making it difficult to assess the viability of opening an account with PG Berjangka.
Tools and Resources (4.0): The absence of well-known trading platforms like MT4 and MT5 is a critical limitation. Users seeking advanced trading tools and features may find the proprietary platform lacking, which could hinder their trading strategies.
Customer Service and Support (5.5): Customer service experiences vary widely among users. While some report satisfactory interactions, others highlight long response times and inadequate support, especially for non-Indonesian speakers.
Trading Experience (4.0): The focus on commodity futures trading restricts the trading experience for those interested in forex or equities. This narrow scope may not meet the diverse needs of all traders.
Trustworthiness (5.0): Although PG Berjangka is regulated by Bappebti, the regulatory environment in Indonesia is often viewed as less robust. This raises concerns about the safety of client funds and overall trust in the broker.
User Experience (4.5): User reviews reflect a generally mixed experience, with some appreciating the regulatory oversight while others express dissatisfaction with the lack of trading options and customer support.
In conclusion, PG Berjangka presents a mixed bag for potential traders. While it offers regulatory oversight and a focus on commodities, the limitations in trading platforms, asset diversity, and customer service may deter many traders from choosing this broker. As always, prospective clients should conduct thorough research and consider their trading needs before proceeding with PG Berjangka.
