General Information
PT Bestprofit Futures (“BPF”) is an official brokerage company registered with the Badan Pengawas Perdagangan Berjangka Komoditi (BAPPEBTI) since 2004. PT Bestprofit Futures has 10 operational offices in Indonesia. BPF provides easy access to some popular and mainstream financial instruments, including Forex, Commodities, AISA/Pacific Indices, multilateral products such as Gold Futures Contract (GOL), 250 Gram Gold Futures Contract (GOL250), Futures Olein (OLE).
The broker provides the popular MT5 trading platform, which offers a comprehensive set of features and tools for traders to execute trades, analyze market trends, and manage their accounts. BPF also offers educational resources such as online trading systems, educational videos, articles on trading and investment topics, glossaries, and marketing tools to assist traders in enhancing their knowledge and skills. For customer support, BPF can be contacted through telephone or email. The broker has a main office located in Jakarta and several branch offices in different locations across Indonesia.
Pros and Cons
Based on the provided information, BPF appears to be a regulated trading institution in Indonesia. It holds a retail forex license and is regulated by the Badan Pengawas Perdagangan Berjangka Komoditi (BAPPEBTI) under the Ministry of Trade. While it is positive that BPF is licensed and regulated, the lack of detailed information on trading conditions, transaction costs, and risks could be a drawback for potential clients. Additionally, there is limited transparency regarding liquidity and market depth, which may be a concern for some traders. On the positive side, BPF offers a diverse range of market instruments, including currency pairs and commodities such as gold. The company also provides the MT5 trading platform, which is widely recognized in the industry. Overall, prospective clients should carefully consider the available information and conduct thorough due diligence before engaging with BPF.
Is BPF Legit？
Based on the provided information, it appears that Bestprofit Futures and PT. BESTPROFIT FUTURES are licensed institutions regulated by the Badan Pengawas Perdagangan Berjangka Komoditi (BAPPEBTI) under the Ministry of Trade in Indonesia. BAPPEBTI is responsible for regulating futures trading and commodities trading in the country.
Both Bestprofit Futures and PT. BESTPROFIT FUTURES hold a retail forex license and are regulated by BAPPEBTI. However, it should be noted that the information provided does not mention any specific regulations or regulatory requirements imposed on these institutions. The license numbers and contact information provided suggest that they are authorized entities in Indonesia.
Products & Services
BPF provides some products and services including Gold Futures Contract (GOL), 250 Gram Gold Futures Contract (GOL250), Futures Olein (OLE).
Multilateral JFX Instruments:
a. GOLD FUTURES CONTRACT (GOL): This instrument allows investors to trade gold futures contracts on the JFX platform.
b. 250 GRAM GOLD FUTURES CONTRACT (GOL250): This instrument enables investors to trade futures contracts for 250 grams of gold on the JFX platform.
c. FUTURES OLEIN (OLE): This instrument allows investors to trade futures contracts for olein, a type of palm oil, on the JFX platform.
2. Bilateral (SPA) Instruments: BPF offers several bilateral instruments that are traded through Special Purchase Agreements (SPA). These instruments include the following pairs:
a. HKK50_BBJ & HKK5U_BBJ: Trading pair involving the Hong Kong KOSPI 50 Index.
b. JPK50_BBJ & JPK5U_BBJ: Trading pair involving the Japan KOSPI 50 Index.
c. XUL10 & XULF: Trading pair involving the US Dollar against the Indonesian Rupiah.
d. UJ1010_BBJ & UJ10F_BBJ: Trading pair involving the US Dollar against the Japanese Yen.
e. UC1010_BBJ & UC10F_BBJ: Trading pair involving the US Dollar against the Canadian Dollar.
f. EU1010_BBJ & EU10F_BBJ: Trading pair involving the Euro against the US Dollar.
g. GU1010_BBJ & GU10F_BBJ: Trading pair involving the British Pound against the US Dollar.
h. AU1010_BBJ & AU10F_BBJ: Trading pair involving the Australian Dollar against the US Dollar.
How to Open an Account？
1. Visit the company's website.
2. Look for the registration option and click on it.
3. Fill out the online registration form with accurate information.
4. Consider opening a demo account to practice trading without risking real money.
5. Submit the required documents and agreements for account opening, such as identification proof and address verification.
6. Wait for the company to verify your documents and conduct due diligence checks.
7. Once the verification is completed, your account will be activated.
8. Log in to your account using the provided login credentials.
9. Fund your trading account by making a deposit into a separate account held by the broker.
10. Familiarize yourself with the trading rules and policies set by BPF.
11. Read and understand the terms and conditions, risk disclosures, and any specific trading rules imposed by the company.
12. If needed, reach out to the company's customer support for any additional information or clarification regarding the account opening process.
Trading Platforms
BPF offers the MT5 trading platform to its clients. The MT5 platform, short for MetaTrader 5, is a widely recognized and popular trading platform in the financial industry. It is designed to provide a comprehensive and user-friendly trading experience for traders of all levels of expertise. The platform offers a range of features and tools that enable traders to execute trades, analyze market trends, and manage their accounts efficiently.
Deposit & Withdrawal
Withdrawal can be done at any time by the customer if the customer wishes, the record of the funds withdrawn by customer not exceed the amount Effective Margin contained in customer daily transaction reports (Statement Report).
Withdrawal process
Customer fill out and sign the application form withdrawal (withdrawal form)
Withdrawal application form was completed and signed by the Customer is given to PT. Best Profit futures for processing.
Withdrawal customers may only be transferred to the account on behalf of customers in question were listed on the account opening application in the book of the Covenant.
The process of withdrawal of funds by customers through the mechanism generally takes three working days (T+3), but the PT. Best Profit Futures strive for the process of withdrawal funds only for one working day only (T+1).
Customer Support
Clients of PT Bestprofit Futures can reach out to the broker through various contact channels for any inquiries or trading-related issues. They can contact the broker via telephone at +62 21 2903 5005 (Hunting) or through email at corporate@bestprofit-futures.co.id. The company's main office is located at Equity Tower, with the address being Kawasan Niaga Terpadu Sudirman (SCBD), Jl. Jend. Sudirman Kav. 52-53, Jakarta 12190.
In addition to the main office, PT Bestprofit Futures has branch offices in different locations. For example, the Jambi branch office is situated at Jl. Kolonel Abunjani No. 29 C, Sipin, Kelurahan Selamat, Kecamatan Danau Sipin, Jambi 36129, with the phone number 0741 - 668288 and fax number 0741 - 669100. Another branch office is located in Pacific Place Mall in Jakarta, specifically on the 3rd floor, Unit 3 - 99. The contact number for the Pacific Place Mall branch is 021 - 5797 3015, and the fax number is 021 - 5797 3515.
If clients have any inquiries or trading-related issues, they can get in touch with this broker through the following contact channels:
Telephone: +62 21 2903 5005 (Hunting)
Email: corporate@bestprofit-futures.co.id
Company Address: Equity Tower 23th, Kawasan Niaga Terpadu Sudirman (SCBD)
Jl. Jend. Sudirman Kav. 52-53 Jakarta 12190
Educational Resources
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Online Trading System: The Online Trading System provided by PT Bestprofit Futures offers a platform for traders to engage in online trading activities. The system includes features such as price updates and substitution prices, which allow traders to monitor and execute trades.
Loco London Gold: This educational resource focuses on gold as an investment commodity. It highlights the attractiveness of gold as an investment option and its role as a standard in finance and economics. It also discusses how gold can be used as a hedge against various crises and explores the limited supply of physical gold.
Articles: PT Bestprofit Futures provides articles on various topics related to trading and investment. These articles cover subjects such as commodity exchanges, market analysis, investment choices, and the impact of global events on financial markets.
Glossaries: The glossaries provided by PT Bestprofit Futures offer explanations and definitions of key terms and concepts related to trading and investment. These glossaries can be helpful for individuals who are new to trading or want to deepen their understanding of specific terms used in the industry.
Marketing Tools: The marketing tools offered by PT Bestprofit Futures assist traders in promoting their services or products. These tools may include marketing materials, strategies, or guidelines that help traders enhance their marketing efforts and reach a wider audience.
Index Symbols: PT Bestprofit Futures provides index symbols, which are alphanumeric representations used to identify specific market indexes. These symbols enable traders to track and analyze the performance of specific indexes and make informed trading decisions.
Videos: The videos offered by PT Bestprofit Futures cover a range of informative and educational topics related to trading and investment. These videos may include market analysis, trading strategies, tutorials, and interviews with industry experts.
Conclusion
Based on the information provided, Bestprofit Futures (BPF) is a regulated institution in Indonesia, holding a retail forex license and being supervised by the Badan Pengawas Perdagangan Berjangka Komoditi (BAPPEBTI). BPF offers a range of market instruments, including multilateral and bilateral options, allowing clients to trade gold, commodities, and various currency pairs. The company provides the MT5 trading platform, a widely recognized platform with features and tools for trading. Educational resources are also available, covering topics such as online trading systems, gold investment, articles, glossaries, marketing tools, index symbols, and videos. Customer support can be accessed via telephone or email, and the company has multiple branch offices. It is important to note that while BPF has advantages such as regulatory oversight and a diverse range of market instruments, there are some limitations, including limited transparency on trading conditions and costs, as well as incomplete information on liquidity and market depth.
FAQs
Q: Is BPF a legitimate trading platform？
A: Based on the information provided, BPF appears to be a legitimate trading platform. It is regulated by the Badan Pengawas Perdagangan Berjangka Komoditi (BAPPEBTI) and holds a retail forex license in Indonesia.
Q: What market instruments does BPF offer？
A: BPF offers a variety of market instruments, including multilateral instruments traded on the JFX (Jakarta Futures Exchange) and bilateral instruments traded through Special Purchase Agreements (SPA). These instruments cover a range of assets such as gold, olein, and currency pairs involving major currencies.
Q: How can I withdraw funds from my BPF account？
A: Withdrawals from BPF can be initiated by completing and signing the withdrawal application form. The withdrawal amount should not exceed the Effective Margin recorded in your daily transaction reports. Withdrawals can only be transferred to the account registered under your name as listed in the Account Opening Application.
Q: What trading platform does BPF provide？
A: BPF provides the MT5 trading platform (MetaTrader 5) to its clients. It is a widely recognized and popular trading platform in the financial industry, offering a comprehensive and user-friendly trading experience with features for trade execution, market analysis, and account management.
Q: What educational resources does BPF offer？
A: BPF offers various educational resources, including an online trading system, educational materials on gold investment, articles covering trading and investment topics, glossaries to enhance understanding of trading terms, marketing tools for traders, index symbols for tracking market performance, and videos providing educational content and analysis.
Q: How can I contact BPF for customer support？
A: You can contact BPF's customer support through telephone at +62 21 2903 5005 or via email at corporate@bestprofit-futures.co.id. They have a main office located in Equity Tower, Jakarta, and branch offices in different locations for further assistance.
