Equityworld Futures

Overview of Equityworld Futures

Equityworld Futures, established in 2005 in Indonesia, is regulated by BPPBKKP. The platform offers diverse trading assets, including multilateral products like GOLD FUTURESCONTRACT and various bilateral products. Traders can access the market via a webtrader or mobile app, and customer support is provided through multiple channels.

The platform's advantages include regulatory compliance and a range of educational resources. However, it has a specific fee structure ($15 per lot per side, plus VAT) and withdrawals may take 1-3 working days. The availability of both multilateral and bilateral trading options caters to a variety of trading preferences.

Is Equityworld Futures legit or a scam？

Equityworld Futures is subject to oversight and regulation by the Badan Pengawas Perdagangan Berjangka Komoditi under the Indonesian Ministry of Trade. As of now, the platform operates under a Retail Forex License, bearing the license number 850/BAPPEBTI/SI/12/2005. This regulatory status signifies that Equityworld Futures is operating within the bounds of the law and adheres to established industry standards. Traders on the platform benefit from this regulatory framework as it ensures a level of security and transparency in their trading activities. They can have confidence in the legitimacy of the platform, knowing that it is subject to oversight by a recognized authority, which ultimately promotes a trustworthy and stable trading environment.

Pros and Cons

Pros:

1. Regulated by BPPBKKP: Ensures compliance with regulatory standards, enhancing reliability.

2. Capital Efficiency: Margin Trading allows for significant transactions with relatively small capital, requiring only a minimum of 10% of the transaction value.

3. Flexibility in Transactions: Investors can profit from both rising and falling markets.

4. High Liquidity: High level of liquidity enables easy buying and selling during market hours.

5. Highly Fluctuating Price Movement: Daily price movements ranging approximately 100-500 points offer substantial profit opportunities with a contract size of US $5/point.

Cons:

1. Limited Market Analysis and Insights: The platform doesn't provide extensive market research or analytical tools.

2. Not Available in Some Countries or Regions: Accessibility restrictions can limit the user base.

Market Instruments

Equityworld Futures offers a range of trading assets to its users, including both multilateral and bilateral products. One of the notable multilateral products available is the 250 GRAM GOLDFUTURES CONTRACT, denoted as GOLD FUTURESCONTRACT (GOL). This asset provides traders with exposure to the gold market, a widely recognized and traded commodity. Additionally, the platform offers the FUTURES OLEIN (OLE), further diversifying the options for traders.

On the bilateral side, Equityworld Futures presents a variety of products, including AU1010_BBJ, EU1010_BBJ, GU1010_BBJ, HKK50_BBJ, AU10F_BBJ, EU10F_BBJ, GU10F_BBJ, HKK5U_BBJ, JPK50_BBJ, UC1010_BBJ, UJ1010_BBJ, XUL10, XULF, JPK5U_BBJ, UC10F_BBJ, and UJ10F_BBJ. These bilateral products cover a spectrum of assets and markets, providing traders with diverse opportunities to engage in various trading strategies.

How to Open an Account？

Opening an account with Equityworld Futures involves a series of concrete steps. Here is a step-by-step procedure:

1. Meet with PT. Futures Equityworld Representative:

   Prospective customers are required to meet with a representative from PT. Futures Equityworld. During this meeting, the representative will explain both the benefits and risks associated with futures trading. This step ensures that customers have a clear understanding of the trading activities they are about to engage in.

2. Review and Understand Documents:

   Carefully review and understand the contents of the Agreement PT. Equityworld Futures provides. This includes:

1. Account Opening Application

2. Simulating Transactions

3. Document Notification of Risk

4. Agreement Mandate

5. Terminology In Futures Trading

3. Complete Account Opening Application:

   Fill out the Account Opening Application provided in the Agreement. Sign the document, provide any required written information, and initial each part on every page. Ensure that all sections are completed accurately.

4. Submit Required Documents:

   Complete any additional documentation or administrative requirements as specified in the Testament Book. These documents are necessary for account opening.

5. Transfer Funds:

   Transfer the necessary funds to a separate account (Segregated Account) with PT. Equityworld Futures. Funds can be transferred to the following designated bank accounts:

1. Bank BCA Branch Sudirman, Jakarta

2. Bank CIMB Niaga Branch Gajahmada, Jakarta

3. Bank BNI Gambir, Jakarta

4. Bank Mandiri Branch Imam Bonjol, Jakarta

5. Bank Artha Graha Branch KPO Sudirman, Jakarta

   The use of separate accounts ensures that customer funds are kept segregated for the sole purpose of trading.

6. Send Proof of Funds:

   Send a bank transfer slip, confirming the transfer of funds, via fax or email to PT. Equityworld Futures. This step provides proof that the funding or margin has been successfully deposited into the Segregated Account.

7. Receive Confirmation:

   Once the funds are verified, customers will receive confirmation that the funds are in the Separate Account with PT. Equityworld Futures.

8. Receive Account Number:

   Customers will be provided with their account number from PT. Equityworld Futures, confirming that the account is registered.

9. Receipt of Official Receipt:

   Customers will receive an official receipt from PT. Equityworld Futures as a confirmation of their account opening and funding.

10. Access Trading Account:

    After completing all the above procedures, customers will receive their User ID and Password for online trading via SMS and email. With this information, customers can start conducting transactions on the Equityworld Futures platform.

It's important to follow these steps carefully and ensure that all documentation and fund transfers are accurately completed before engaging in trading activities.

Spreads & Commissions

The Equityworld Futures platform charges a facility fee of $15 per lot per side for transactions, with a total fee of $30 for a 1 lot settlement. Additionally, a Value Added Tax (VAT) of 11% is applied to the facility fee, totaling $3.3 per lot per side.

For overnight transactions, there are additional rollover fees, varying based on the product. For instance, HKK5U and HKK50 incur $3/night, JPK5U and JPK50 $2/night, and XULF and XUL10 $5/night. These fees are suitable for users who trade frequently and in larger volumes, as the flat per lot charge can be more cost-effective for them.

Trading Platform

Equityworld Futures provides a trading platform accessible through both a webtrader and a mobile application.

The trading platform of Equityworld Futures, named Etrade, emphasizes user security and compliance with trading regulations. Users must maintain confidentiality of their User ID, Password, and OTP. The platform offers features such as monitoring fund adequacy and acknowledges risks associated with electronic trading systems. It updates prices every 5 seconds, and transactions are based on these updated prices. The platform reserves the right to cancel transactions under specific conditions and advises users to verify trade history for transaction accuracy. Additionally, it specifies minimum spreads for various products and details the execution of limit and stop orders.

The mobile app offers the convenience of trading on the go, ensuring accessibility and flexibility for users with different preferences and trading styles.

Deposit & Withdrawal

Equityworld Futures offers a withdrawal process where customers can request fund withdrawals during banking hours. The process involves:

1. Payment Methods: Customers initiate withdrawal through their real transaction account's withdrawal menu, complying with the terms and conditions.

2. Processing Time: Standard processing time is three working days (T+3), but Equityworld Futures aims to complete withdrawals in one working day (T+1).

Customer Support

Equityworld Futures provides customer support from its headquarters in Jakarta, with contact options including phone( +62 21 27889280), fax(+62 21 27889277), and email( corporate@equityworld-futures.co.id). The headquarters are located at Sahid Sudirman Center, Jakarta, offering direct access for customer inquiries. Additionally, they have an online platform for submitting complaints, allowing for convenient and timely handling of customer issues. This dual approach—physical office and online system—facilitates diverse customer support needs.

Educational Resources

Equityworld Futures offers a range of educational resources for its users. These include an online trading system tutorial, insights into the Loco London Gold market, detailed explanations of the terms used in online trading, and various articles. Additionally, they provide a glossary for quick reference to trading terminology and marketing tools to assist in understanding market trends and strategies. The platform also includes information on index symbols, further aiding users in comprehending market indicators and data. These resources are designed to enhance user knowledge and trading skills.

Conclusion

Equityworld Futures, regulated by BPPBKKP, provides a platform characterized by capital efficiency and flexibility in transactions. Its Margin Trading feature allows for substantial transactions with minimal capital, enhancing the potential for significant returns. Additionally, the platform's high liquidity ensures ease in executing buy and sell orders.

However, it does face limitations, including restricted availability in certain countries or regions and a lack of extensive market analysis and insights. This could impact users who rely heavily on in-depth research and those in regions where the platform is inaccessible.

FAQs

Q: What is Equityworld Futures？

A: It's a trading platform, part of the Jakarta Futures Exchange, offering online and phone-based trading.

Q: How can one execute trades on Equityworld Futures？

A: Trades can be executed online or via phone, requiring internet access and user credentials.

Q: What are the educational resources provided by Equityworld Futures？

A: They offer tutorials on their trading system, articles, glossaries, and market analysis tools.

Q: Are there any restrictions on withdrawing funds from Equityworld Futures？

A: Withdrawals must not exceed the effective margin and are processed in 1-3 working days.

Q: What are the pros of using Equityworld Futures？

A: Pros include regulated trading, capital efficiency, transaction flexibility, high liquidity, and opportunity for profit in fluctuating markets.

Q: What are the cons of using Equityworld Futures？

A: Cons include limited market analysis and its unavailability in certain countries or regions.