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Kresna Futures
Indonesia|5-10 years| https://kresnafutures.co.id/Home
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Licenses
Licensed Institution：PT DUPOIN FUTURES INDONESIA d/h PT DEU CALION FUTURES d/h PT. KRESNA OPTIMUS FUTURES d/h PT. OPTIMUS GLOBAL BERJANGKA
License No.：423/BAPPEBTI/SI/VII/2004
Single Core
1G
40G
1M*ADSL
- It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
Basic information
Indonesia
5-10 years Suspicious Regulatory License Suspicious Scope of Business High potential riskUsers who viewed Kresna Futures also viewed..
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Company Summary
Basic Information & Regulation of Kresna Futures
Kresna Futures is a new commercial investment company in Indonesia and is part of the Kresna Group. As a member of the Jakarta Futures Exchange and Clearing House in Indonesia, Kresna Investa Futures provides online access to futures trading for all local and international investors, including alternative trading systems (SPA) and major commodities (Multilateral). Kresna Futures holds a retail foreign exchange license from BAPPETI Indonesia (Regulation No. 423/ BAPPEBTI/SI/VII/2004).
Security Analysis of Kresna Futures
BAPPPEBTI in Indonesia is mainly responsible for regulating the futures trading activities in Indonesia, including foreign exchange trading, exchanges, clearing agencies, and local brokers are also regulated by BAPPPEBTI. Under the management of the Indonesian Ministry of Trade, BAPPPEBTI has also established links with local banks, the national police, and other legal institutions so that the safety of investors' funds and trading activities on the Kresna Futures platform can be protected to a certain extent.
Market Instruments
The main products traded on the Kresna Futures platform are indices, foreign exchange, gold, and local commodities (cocoa, coffee, etc.).
Accounts of Kresna Futures
The Kresna Futures platform offers three types of accounts: Forex Mini account, Index Mini account, and Gold Mini account. The minimum capital required to open an account is $1,000.
Spreads & Commissions of Kresna Futures
The commission for intraday trading is $100 per lot for Forex Mini accounts and $100 per lot for overnight trading. The commission for Japan, Hong Kong, and Korea indices in the Index Mini account is $100 per lot for intraday trading and $200 per lot for overnight trading. For the Gold account, the commission is $100 per lot for both intraday and overnight trading.
Trading Platforms Available of Kresna Futures
Kresna Futures provides traders with a trading platform that is the market-leading MT4 trading platform. MT4 is currently the most popular trading platform with a user-friendly trading interface, powerful charting tools, a large number of technical indicators, and backtesting options that allow automated trading through EA's and help traders gain a favorable position in the financial markets.
Deposit and Withdrawal of Kresna Futures
To withdraw cash, traders need to sign a withdrawal request form and send it to Kresna Futures; if the withdrawal request is sent before 11 a.m., then Kresna Futures will process the client's request the same day, and the funds will be transferred to the client's account the next day after 11 a.m.
Summary
The main disadvantages of Kresna Futures are:
1. High minimum initial deposit
2. High spreads and high commissions
3. No specific deposits & withdrawals options provided
Keywords
- 5-10 years
- Suspicious Regulatory License
- Suspicious Scope of Business
- High potential risk
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