Heard of javafx.co.id trading platform? Really want to find more details before choosing the broker? You can carefully read the JAVA reviews to know about this forex broker.
This post promises to share helpful review to support clients/traders in making the right decision. Kindly read to the end and make your verdict.
JAVA otherwise known as javafx.co.id is an offshore brokerage with a lot of promises for forex traders. The forex company claims to offer crypto investment services to their clients.
Furthermore, the brokerage promises different instruments like forex, stocks, commodities, crypto, bonds and indices.
Is JAVA a Scam Forex Broker?
First of, JAVA is an Indonesian broker regulated by the local financial authority the Commodities and Futures Trading Regulatory Agency (BAPPEBTI). In order to clear the doubts, a check of the Indonesian financial regulator BAPPEBTI’s register confirms that PT. Java Global Futures is a licensed broker.
License brokers provide some guarantees for clients, regulatory requirements and controls. It is always advisable you check for regulated and licensed broker on financial authorities websites before depositing fund for trading.
JAVA Minimum Deposit
JAVA does not specify its trading account, but offers a real and demo account. According to the website description, the broker provides a leverage capped 1:200.
JAVA minimum deposit is specified to be $200. For such amount some licensed FX brokers can offer clients trading rate as low as $100 with the assurance of their trading funds.
The broker did not provide information about its deposit methods and we were not allowed to deposit ourselves before our account has undergone a standard verification process.
Just so you know, offshore brokers are commonly known for accepting crypto currencies. For this purpose, payments made through this method are anonymous and can only be traced to a wallet address and not to a specific person. So beware!
JAVA Trading Software
JAVA offers the industry standard Metatrader 5. Why use forex brokers with advanced trader like MT4/MT5? You are certain to have the best features of real-time quotes, financial news and various FX and stock charts, as well as algorithmic trading sessions with the help of specially designed trading bots, called Expert Advisors.
COMPARE WITH A TRUSTED BROKER
Fortrade is a UK-based broker with address at Michelin House, 81 Fulham Road London, SW3 6RD, United Kingdom. They are among the best brokers in the industry offering trades in numerous assets including stocks, commodities, currencies, indices, and cryptocurrencies. Fortrade is regulated and licensed by the FCA(Financial Conduct Authority) in the UK well as ASIC in Australia which makes client funds safe. They accept traders worldwide..visit their official website
JAVA broker offers bonuses, but does not specify the conditions attached to these bonuses and whether they create special withdrawal conditions. To this end, we urge our readers to rely on regulated brokers like this or any licensed entity.
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Last Updated on May 9, 2023 by Danny