Premier Equity Futures Forex Broker provides real users with 1 positive reviews, * neutral reviews and * exposure review!
Risk Control
Regulation
Hello! I would like to talk about Premier Equity Futures. The Indonesian broker is regulated by BAPPEBTI and JFX at the same time which makes it reliable. You can trade various financial products with the good trading condition. I really like their MT5 trading platform, whose interface is quite clear and easy to use.
Premier Equity Futures has garnered mixed reviews in the forex trading community, with some users praising its trading conditions and platform usability, while others express concerns regarding its regulatory status and customer service. The broker is primarily noted for its competitive spreads and high leverage options, yet its limited range of tradable assets and the high minimum deposit may deter some potential traders.
Note: It's essential to consider that Premier Equity Futures operates under different regulatory entities across regions, which may impact its credibility and user experience. This review synthesizes information from various sources to provide a comprehensive overview.
| Category | Rating (out of 10) |
|---|---|
| Account Conditions | 5.5 |
| Tools and Resources | 6.0 |
| Customer Service and Support | 4.0 |
| Trading Setup (Experience) | 6.5 |
| Trustworthiness | 5.0 |
| User Experience | 5.5 |
How We Rate Brokers: Our ratings are based on a combination of user reviews, expert opinions, and factual data regarding the broker's offerings.
Founded in 2004, Premier Equity Futures is an Indonesian brokerage firm that provides access to various financial instruments, including forex, commodities, and stock indices. The company operates primarily on the MetaTrader 5 (MT5) platform, which is known for its advanced trading features and user-friendly interface. The broker is regulated by the Indonesian Commodity Futures Trading Regulatory Agency (BAPPEBTI) and the Jakarta Futures Exchange (JFX), which adds a layer of credibility to its operations.
Premier Equity Futures is primarily regulated in Indonesia by BAPPEBTI and JFX. However, it is essential to note that some reviews indicate a "suspicious clone" status, raising questions about its legitimacy in certain contexts. This suggests that while the broker is regulated, potential users should be vigilant and conduct thorough research before engaging.
The primary currency for deposits and withdrawals is the Indonesian Rupiah (IDR). Currently, Premier Equity Futures does not support cryptocurrency transactions, which may limit options for traders looking to engage in crypto trading.
The minimum deposit required to open an account with Premier Equity Futures is IDR 1,000,000 (approximately $70), which is considered relatively high compared to some other brokers in the industry. This may serve as a barrier for novice traders or those with limited capital.
There are no significant bonuses or promotions offered by Premier Equity Futures, which is a common practice among many regulated brokers to maintain compliance with regulatory guidelines.
Premier Equity Futures offers a range of tradable assets, including forex pairs, commodity derivatives, and stock indices. However, it does not support trading in cryptocurrencies or options, which could limit the trading strategies available to clients.
The broker is noted for its competitive spreads, which vary depending on the account type. For instance, the micro account has spreads starting at 5 pips, while the VIP account can offer spreads as low as 2 pips. Additionally, there are no commission fees, making it an attractive option for cost-conscious traders.
Premier Equity Futures offers high leverage ratios, up to 1:500, which is appealing for traders looking to maximize their potential returns. However, high leverage also increases the risk of significant losses, and traders should exercise caution when utilizing it.
The primary trading platform is MetaTrader 5 (MT5), which provides advanced features such as automated trading, real-time market data, and technical analysis tools. The broker does not offer MetaTrader 4 (MT4), which may be a drawback for traders familiar with that platform.
Premier Equity Futures has restrictions on clients from certain regions, including North Korea, Iran, and Myanmar. This is common among brokers to comply with international regulations and avoid legal issues.
Customer service is primarily available in English, which may limit accessibility for non-English speaking traders. The broker can be contacted via phone or email, but some reviews suggest that response times may be slower than desired.
| Category | Rating (out of 10) |
|---|---|
| Account Conditions | 5.5 |
| Tools and Resources | 6.0 |
| Customer Service and Support | 4.0 |
| Trading Setup (Experience) | 6.5 |
| Trustworthiness | 5.0 |
| User Experience | 5.5 |
The account conditions at Premier Equity Futures can be considered average. The high minimum deposit requirement may deter potential traders, while the competitive spreads offer some advantages. However, the lack of bonuses may be seen as a disadvantage.
The MT5 platform provides a robust set of tools for traders, including advanced charting and analysis options. However, the lack of educational resources or additional trading tools may limit the overall experience for less experienced traders.
Customer service appears to be a weak point for Premier Equity Futures. While they offer support in English, the response times can be lengthy, which may frustrate users needing immediate assistance.
The trading setup is generally positive, with the MT5 platform being well-received. However, the absence of MT4 may limit options for some traders. The competitive spreads and high leverage can enhance the trading experience, but users should remain cautious.
While Premier Equity Futures is regulated, the "suspicious clone" designation raises red flags for potential users. This aspect requires careful consideration, as the credibility of the broker is vital for user confidence.
User experiences vary, with some praising the platform's usability and others expressing concerns about customer service. Overall, the experience may depend on individual expectations and trading needs.
In conclusion, Premier Equity Futures presents a mixed bag for potential traders. While it offers competitive trading conditions and a robust platform, concerns regarding regulatory status and customer service may warrant caution. As always, prospective users should conduct thorough research and consider their trading needs before engaging with any broker.
