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Contract reading

What Agrodana Futures legally published, but does not want you to read

Every clause below is published by Agrodana Futures itself, on its own website, today. The finding is not that the text exists. It is the distance between what a client is shown and what a client agreed to. Read from its own documents on .

Contracting entity: PT. Agrodana Futures

hidden feemarketing claimmargin callmissing documentswapcommissioncomplaintsconflict of interestcounterpartycurrency conversion

Agrodana Futures publishes no client agreement, no trading terms and no risk disclosure. Its three footer legal links are a website disclaimer, a fraud warning and a contact page. The FAQ carries what a contract would: USD 50 commission a lot, an 11.00am withdrawal cut-off, and no cap on your losses. The Free Swap its account table sells as a feature ran out on 30 September 2026.

Back to Agrodana Futures

Contract risk

Money at risk
6.0/10

Where this contract sitsHow far this contract goes, overall. Under 2 is nothing beyond the ordinary; 6 to 9 means several clauses put money you have already earned at risk; 9 and above reads as designed to make payout refusable.

0510
CriticalClauses that can cost you money you have already earned or deposited, or that remove your ability to challenge it.
1
FlaggedEvery clause worth knowing about, at all three severities. Ordinary terms that every broker has are not counted.
16
DocumentsHow many of the broker's own legal files this reading is based on. Each one was downloaded and hashed on the date shown.
9
ContradictionsPlaces where a promise the broker makes in public is not kept by the clause that governs it.
5

How the 16 break downThe same flagged clauses, split by how much each one can cost you. Severity is our reading of the clause, not the broker's label.

Critical1
Warning12
Notice3

section 54 of 64is where the deepest clause sits, 84% of the way into the document it is in

The numbers in this contractFigures taken from this broker's own clauses, so the labels differ from broker to broker. The four in the panel above are the same on every report.

1 of these 4 figures comes from a clause we rate critical, which means it can take your money or your profit rather than only delay it.

Critical$1000Fee you were not shown. Jump to the clause this comes from.You can lose more than your account holds1 working daysIn the contract. Jump to the clause this comes from.The one hour withdrawal has an 11am cut-off20Bonus requirement. Jump to the clause this comes from.Free Swap is a capped promotion that has ended$15500Account limit. Jump to the clause this comes from.Overnight margin on an S&P 500 CFD jumps tenfold

What the documents say

16 clauses worth knowing about, worst first, each quoted from Agrodana Futures's own files

01

An over loss can happen at Agrodana, and its FAQ says you carry every loss a price move causes. One forex lot needs USD 1,000 as margin, the cash held against the trade. That lot controls a contract of 100,000 units.

In plain words

Negative balance protection is a limit that stops you owing more than you put in. Without it, one fast market move can leave you owing the broker money on top of your deposit.

Why this matters

A gap at a Friday close or over a holiday can take your balance below zero, and Agrodana says the shortfall is yours. Nothing it publishes caps your loss at the money you paid in.

Exhibit 1CriticalHarder than usual$1000

Over Loss dapat terjadi. Nasabah bertanggung jawab penuh atas semua kerugian yang terjadi yang disebabkan oleh pergerakan harga termasuk apabila Open Gap (New York Holiday dan Friday Market Close), lompatan harga dan pasar hectic.
Clause Apakah Over Loss Dapat Terjadi? in Bantuan FAQ
Downloaded from the broker's site on Open the reference
Our own capture of agrodana-futures.com, taken on Oct 2, 2026The claim, on US share CFD section of the Indonesian homepageThis capture shows the page the quotation was taken from. The words themselves are not marked in it, so please read the quotation above as the evidence.Visit this page on the broker's siteDownload the full size image file
Our own capture of agrodana-futures.com, taken on Oct 2, 2026What the contract says, clause Apakah Over Loss Dapat Terjadi?This capture shows the page the quotation was taken from. The words themselves are not marked in it, so please read the quotation above as the evidence.Visit this page on the broker's siteDownload the full size image file

What it costsUSD 1,000 of margin holds a contract of 100,000 units. The position is 100 times the money standing behind it.

Set against a regulated standard: FCA (UK), CySEC (Cyprus), ASIC (Australia), ESMA (EU)

Firms licensed by the FCA, CySEC, ASIC and under ESMA rules must give a retail client negative balance protection, so the client cannot lose more than the account holds. Agrodana's FAQ says the opposite: you are fully responsible for every loss, including loss from a price gap.

Agrodana Futures is not licensed by these regulators, so this is a comparison of practice, not a finding of any breach.

02

You cannot read what you will sign before you register. Agrodana publishes a website disclaimer, a fraud warning and a contact page. There is no client agreement, no trading terms and no risk disclosure document.

Why this matters

Every rule about your money sits in a document you see only after you hand over your ID. Agrodana's own fee table marks its best spread S&K berlaku, which means terms and conditions apply. Those terms are not published anywhere.

Exhibit 2WarningHarder than usual

Informasi yang tertera di dalam situs website ini hanya bertujuan untuk memberikan informasi kepada masyarakat umum.
Clause Kebijakan Privasi, paragraph 1 in Kebijakan Privasi
Read from the broker's site on Archived copyOpen the reference
Our own capture of agrodana-futures.com, taken on Oct 2, 2026No client agreement published anywhere on the site (clause Kebijakan Privasi, paragraph 1)Visit this page on the broker's siteDownload the full size image file
Set against a regulated standard: FCA (UK), CySEC (Cyprus)

Firms licensed by the FCA and CySEC must give a retail client the contract terms and a disclosure of costs before that client trades. Agrodana publishes neither on its website, and its registration form sits behind a login.

Agrodana Futures is not licensed by these regulators, so this is a comparison of practice, not a finding of any breach.

03

Agrodana charges USD 50 in commission for each 1 lot you trade on a regular account. The mini account shows USD 5, which looks ten times cheaper. That USD 5 buys 0.1 lot, so the cost per lot is identical.

Why this matters

Ten lots on a regular account costs you USD 500 in commission, whichever way the trades go. On the USD 10,000 minimum deposit for that account, that is 5% of your money gone to commission alone.

Exhibit 3WarningHarder than usual$50

Untuk setiap transaksi 1 lot settled akun reguler, maka akan dikenakan biaya komisi USD 50 dan untuk akun mini biaya komisi adalah USD 5 per 0.1 lot settled
Clause Berapa Komisi Yang Dikenakan? in Bantuan FAQ
Downloaded from the broker's site on Open the reference
Our own capture of agrodana-futures.com, taken on Oct 2, 2026What the contract says, clause Berapa Komisi Yang Dikenakan?This capture shows the page the quotation was taken from. The words themselves are not marked in it, so please read the quotation above as the evidence.Visit this page on the broker's siteDownload the full size image file

What it costsOne pip on a 100,000 contract is worth USD 10. The USD 50 commission on that lot is five times the 1 pip spread Agrodana advertises.

04

Agrodana's deposit page promises a withdrawal in 1 hour. Its FAQ adds the condition: you only get that if you ask before 11.00am. Ask later and Agrodana processes it on the next working day.

Why this matters

A request you send on Friday afternoon reaches your bank on Monday. Agrodana does not process withdrawals at the weekend, and the 11.00am cut-off appears nowhere on the deposit page.

Exhibit 4WarningStandard wording1 working days

Tetapi jika permintaan penarikan dana dilakukan setelah pukul 11.00am, maka akan diproses pada hari kerja berikutnya
Clause Berapa Lama Hingga Saya Menerima Dana Saat Melakukan Penarikan? in Bantuan FAQ
Downloaded from the broker's site on Open the reference
Our own capture of agrodana-futures.com, taken on Oct 2, 2026The claim, on Benefit tile on the Indonesian Deposit & Withdraw page, the page a depositor is sent toThis capture shows the page the quotation was taken from. The words themselves are not marked in it, so please read the quotation above as the evidence.Visit this page on the broker's siteDownload the full size image file
Our own capture of agrodana-futures.com, taken on Oct 2, 2026What the contract says, clause Berapa Lama Hingga Saya Menerima Dana Saat Melakukan Penarikan?Visit this page on the broker's siteDownload the full size image file
05

Agrodana's account table lists Free Swap as a feature of its two SPA accounts. The programme behind it ran from 1 July 2026 to 30 September 2026. It pays a capped cashback the month after, and only if you trade at least 20 lots.

Why this matters

You are reading a current feature list for a programme that has already closed. Agrodana can end it whenever it wants, and says its decision is absolute and cannot be challenged.

Exhibit 5WarningHarder than usual20

Swap Yes Yes Free Swap* Free Swap*
Clause Jenis Akun Live, Swap in Jenis Akun Trading
Read from the broker's site on Open the reference
Our own capture of agrodana-futures.com, taken on Oct 2, 2026Free Swap is a capped promotion that has ended (clause Jenis Akun Live, Swap)Visit this page on the broker's siteDownload the full size image file

What happens, and when

The stages this clause runs through, taken from the broker's own document
TriggerWhat the broker may then doClause
20 lots a monthA regular or 1 pip account qualifies for at most USD 100 of swap back.Perhitungan untuk Regular & 1 Pip Account
500 lots a monthThe cap rises to USD 5,000, the highest band Agrodana publishes.Perhitungan untuk Regular & 1 Pip Account
Start of the next monthAgrodana pays the amount as cashback, not as a swap waiver.Mekanisme Free Swap
Equity under USD 1,000A regular or 1 pip account loses the cashback it had earned.Syarat & Ketentuan Free Swap
  • Worse together with Exhibit 6The menu sells metals with no swap fee and the only relief Agrodana offers is a promotion that has closed.

Three of Agrodana's headline promises carry a condition it prints somewhere else

Agrodana promises a withdrawal in 1 hour, and its FAQ adds an 11.00am cut-off and no weekend processing. Its menu sells commodities with no swap fee, while its own rate table charges 4.00% a year on a long gold position. Its homepage rules out sudden spread widening on an account its product page calls 99.9% fixed.

Claim against condition2 clauses flagged

Agrodana's menu sells commodities as precious metals and crude oil traded with no swap fee. Its own rate table charges 4.00% a year on a long gold position, and the same on silver. Only crude oil and index CFDs are swap free.

Why this matters

Hold one gold lot long for 30 days and the charge comes out of your balance every one of those days. The page that sold you the product says the charge is not there.

Exhibit 6WarningStandard wording4%

Khusus untuk produk komoditi Crude Oil dan CFD Indeks Saham Asia dan Amerika, tidak berlaku perhitungan suku bunga swap
Clause Tabel Suku Bunga Swap Produk Agrodana in Suku Bunga Swap
Read from the broker's site on Open the reference
Our own capture of agrodana-futures.com, taken on Oct 2, 2026The claim, on Commodities entry in the site menu, carried on every page including the deposit pageThis capture shows the page the quotation was taken from. The words themselves are not marked in it, so please read the quotation above as the evidence.Visit this page on the broker's siteDownload the full size image file
Our own capture of agrodana-futures.com, taken on Oct 2, 2026What the contract says, clause Tabel Suku Bunga Swap Produk AgrodanaVisit this page on the broker's siteDownload the full size image file

What it costsAgrodana's own formula divides the annual rate by 360 and charges it daily. A 4.00% rate works out at 0.011% of the contract value for each day you hold the position.

Agrodana's homepage says the 1 PIP Fixed Spread account spares you any sudden spread widening. The product page puts its own figure on that: 99.9% fixed. The fee page footnotes the 1 pip rate as subject to terms it does not publish.

Why this matters

The account is also missing from Agrodana's comparison table, so its commission and its minimum deposit are published nowhere. You would open it without knowing either number.

Exhibit 8WarningHarder than usual99.9%

1 PIP Major Forex, Gold $0.3, 99.9% Spread tetap, Biaya rendah, sehingga Profit lebih cepat dan lebih baik.
Clause Page headline in 1 PIP Fixed Spread
Read from the broker's site on Open the reference
Our own capture of agrodana-futures.com, taken on Oct 2, 2026The claim, on Forex 1 Pip tab on the Indonesian homepageThis capture shows the page the quotation was taken from. The words themselves are not marked in it, so please read the quotation above as the evidence.Visit this page on the broker's siteDownload the full size image file
Our own capture of agrodana-futures.com, taken on Oct 2, 2026What the contract says, clause Page headlineVisit this page on the broker's siteDownload the full size image file
  • Worse together with Exhibit 2The spread offer rests on terms and conditions, and the site that advertises it publishes no terms and conditions at all.

The numbers that cost you money live in an FAQ, not on the fee page

Agrodana charges USD 50 commission on every standard lot, and Rp 250,000 per lot to roll a stock index or crude oil CFD. The rollover fee appears in one FAQ answer and not on the Komisi & Spread page. The same FAQ says an over loss can happen and that you carry every loss a price move causes.

Cost disclosure2 clauses flagged

Holding a stock index CFD or a crude oil CFD past a rollover costs you Rp 250,000 per lot on a regular account. Mini accounts pay USD 2 per 0.1 lot. The figure sits in one FAQ answer and not on the commission page.

Why this matters

You can read Agrodana's Komisi & Spread page end to end without meeting this charge. It applies every time a contract you hold rolls into the next one.

Exhibit 7WarningStandard wording

Rollover Fee hanya akan dikenakan untuk produk gulir CFD Indeks Saham (Indeks Asia dan US) dan produk CFD lainnya seperti CFD Crude Oil. Besar rollover fee adalah Rp 250.000 per lot (untuk akun reguler) dan USD 2 per 0.1 lot (untuk akun mini).
Clause Berapa Besar Rollover Fee Di Agrodana? in Bantuan FAQ
Downloaded from the broker's site on Open the reference

Your account is in US dollars and you fund it in rupiah. Agrodana lets you pick a fixed rate of Rp 10,000, Rp 12,000 or Rp 14,000 to the dollar. Nothing published says how that rate is applied when you withdraw.

Why this matters

Which rate you choose changes the rupiah value of every dollar in your account by up to 40%. Agrodana publishes no document governing the conversion.

Exhibit 11WarningRarely seen

Fixed rate cocok untuk orang yang tidak ingin ribet dalam volalitas USD ke nilai rupiah. Ada pilihan Rp 10.000, Rp 12.000, dan Rp 14.000.
Clause Berbagai Pilihan Kurs Rate in Jenis Akun Trading
Read from the broker's site on Open the reference

What it costsRp 14,000 to the dollar is 40% more rupiah per dollar than Rp 10,000. The same USD 1,000 profit is Rp 10,000,000 on one setting and Rp 14,000,000 on the other.

Our readingLetting a client choose the exchange rate applied to their own account from a menu is normal among Indonesian futures brokers and almost unknown elsewhere. It means the rupiah value of each dollar you earn is set by a choice at sign up rather than by the market.

Agrodana can revise its only terms page, and can need ten times the margin by nightfall

Agrodana's disclaimer lets the company change it at any time without telling you, and using the site counts as unconditional agreement. Its FAQ sets the overnight margin on an S&P 500 CFD at USD 15,500 against USD 1,500 during the day. Neither fact appears where a new client would look.

Changed without notice2 clauses flagged

A regular account needs USD 1,500 to hold an S&P 500 CFD during the day. Keeping it open overnight needs USD 15,500. Both figures sit in an FAQ table and nowhere else.

Why this matters

A position you can open in the morning needs ten times the margin to survive the night. Nothing Agrodana publishes says what happens if your equity falls between the two figures.

Exhibit 10WarningHarder than usual$15500

USD 15.500 (Overnight)
Clause Berapa Besaran Jaminan Untuk Produk Agrodana Untuk Setiap Lot nya? in Bantuan FAQ
Downloaded from the broker's site on Open the reference

What it costsUSD 15,500 is more than ten times the USD 1,500 day requirement. The Nasdaq CFD goes from USD 1,500 to USD 6,500 for the same overnight hold.

  • Worse together with Exhibit 1An overnight requirement you cannot meet sits above a rule that makes you liable for a loss bigger than the account.

The disclaimer is the only terms page Agrodana publishes, and it lets the company revise that page at any time without telling you. Agrodana asks you to re-read it yourself to find out what changed.

Why this matters

Using the site counts as unconditional agreement, so a change binds you the moment it goes live. You get no email and no notice.

Exhibit 13WarningStandard wording

Dengan menggunakan situs web ini, berarti nasabah menyetujui ketentuan disclaimer ini tanpa syarat dan bahwa disclaimer ini dapat direvisi dan/atau diubah dari waktu ke waktu oleh Perusahaan tanpa pemberitahuan sebelumnya kepada nasabah.
Clause Kebijakan Privasi, final paragraph in Kebijakan Privasi, paragraph 28 of 47
Read from the broker's site on Archived copyOpen the reference

Buried at section 28 of 47 in the Kebijakan Privasi, 60% of the way through.

The link labelled privacy policy opens a page about website content

Agrodana's footer offers one link labelled Kebijakan Privasi, meaning privacy policy. It opens a page of disclaimers about the website's content. Nothing on it says what personal data Agrodana collects or how long it keeps it. Opening an account takes your ID, your phone number and a video call.

Your data1 clause flagged

Agrodana's footer link labelled Kebijakan Privasi, meaning privacy policy, opens a page of website disclaimers. The page says nothing about what personal data Agrodana collects, how long it keeps it, or who it shares it with.

Why this matters

Opening an account means handing over your ID, your phone number and a video call. Nothing Agrodana publishes tells you where that material goes.

Exhibit 12WarningHarder than usual

Agrodana Futures tidak bertanggung jawab atas kesalahan, kelalaian, salah penyajian, atau kesalahan penafsiran informasi, (baik tersurat maupun tersirat), dan tidak bertanggung jawab atas kerugian, kehilangan, atau kerusakan yang timbul terkait dengan penggunaan atau penyalahgunaan isi informasi pada website ini.
Clause Kebijakan Privasi, paragraph 1 in Kebijakan Privasi, paragraph 23 of 47
Read from the broker's site on Archived copyOpen the reference

Where it sits: section 23 of 47 in the Kebijakan Privasi, 49% of the way through.

  • Worse together with Exhibit 2The only page Agrodana labels as a policy is a disclaimer, which leaves the document set with nothing that governs your data or your account.

Agrodana marks its two largest accounts bilateral and leaves it there

Agrodana's comparison table marks Mini SPA and Regular SPA as bilateral and the two GOFX accounts as multilateral. Those two SPA accounts need USD 1,000 and USD 10,000 to open. Agrodana publishes no conflict of interest policy and never says who takes the other side of your trade.

Who takes the other side1 clause flagged

The account table marks Mini SPA and Regular SPA Bilateral and the two GOFX accounts Multilateral. Agrodana never explains the difference. It never says who takes the other side of your trade.

In plain words

On a principal basis, as your counterparty, means the broker takes the other side of your trade itself. Your loss is then the firm’s gain, so it has an interest in how your trade ends.

Why this matters

Those two accounts need USD 1,000 and USD 10,000 to open, so they hold the most client money. You cannot tell from anything Agrodana publishes whether it gains when you lose.

Exhibit 9WarningStandard wording

Sistem trading Multilateral Multilateral Bilateral Bilateral
Clause Jenis Akun Live, Sistem trading in Jenis Akun Trading
Read from the broker's site on Open the reference
Set against a regulated standard: FCA (UK), CySEC (Cyprus), ASIC (Australia)

Firms licensed by the FCA, CySEC and ASIC must publish a conflicts of interest policy and tell a retail client when the firm itself is the counterparty to their trade. Agrodana publishes one word in a comparison table.

Agrodana Futures is not licensed by these regulators, so this is a comparison of practice, not a finding of any breach.

The complaints link opens a contact page and no deadline is published

Agrodana's footer link for client complaints opens its contact page. That page carries a compliance phone number, a compliance email and the regulator's own complaints portal. No deadline for Agrodana to answer you is published, and none for you to raise a disputed trade. Its fraud page disclaims responsibility for anyone who uses the company name without authority.

Raising a problem2 clauses flagged

Agrodana's footer link for client complaints opens its contact page. You get a compliance phone number, a compliance email and a link to the regulator's complaints portal. No deadline for replying to you appears anywhere.

Why this matters

You cannot tell how long Agrodana has to answer you, or how long you have to raise a trade you dispute. Neither figure is published.

Exhibit 14NoticeStandard wording

Online Complaints: https://pengaduan.bappebti.go.id
Clause Pengaduan Masalah in Hubungi Kami, Pengaduan Masalah
Read from the broker's site on Open the reference
Set against a regulated standard: FCA (UK), CySEC (Cyprus)

Firms licensed by the FCA and CySEC must acknowledge a complaint within a set period, give a final answer by a published deadline, and name an independent scheme the client can go to next. Agrodana publishes a compliance phone number, a compliance mailbox and the regulator's own portal.

Agrodana Futures is not licensed by these regulators, so this is a comparison of practice, not a finding of any breach.

Agrodana warns that people impersonate it, then says the company is not responsible for any of their activities. Its own onboarding runs through a phone call and a video call.

Why this matters

Nothing Agrodana publishes lets you check that the person calling you really works there. Its fraud page says the company carries no responsibility for what an impostor does.

Exhibit 15NoticeStandard wording

Agrodana Futures menghimbau seluruh Masyarakat Indonesia agar berhati-hati terhadap berbagai upaya penipuan yang menggunakan nama perusahaan PT Agrodana Futures. Perusahaan tidak bertanggung jawab terhadap seluruh aktivitas oknum.
Clause Hati-hati terhadap Oknum yang Mengatasnamakan Agrodana Futures in Waspada Penipuan
Read from the broker's site on Open the reference

One Indonesian company, licensed since 2000, publishing no contract

PT. Agrodana Futures is a single Indonesian company, licensed by Bappebti since 2000 and a member of the ICDX and JFX exchanges. It publishes no client agreement, no trading terms and no risk disclosure document. Its footer also dropped the licence number 40/BAPPEBTI/SI/XII/2000 that an earlier version printed.

Who you contract with1 clause flagged

Agrodana's footer used to carry its licence number 40/BAPPEBTI/SI/XII/2000. That number is gone. The footer now names Bappebti, OJK and Bank Indonesia as supervisors and prints no licence number at all.

Why this matters

The number is the one detail that lets you look the company up on the regulator's own register. You can still find it on the client area login page.

Exhibit 16NoticeStandard wordingNew

Agrodana Futures adalah perusahaan Pialang berizin dan diawasi oleh Bappebti, Otoritas Jasa Keuangan (OJK) dan Bank Indonesia (BI), dan merupakan anggota dari Bursa ICDX dan JFX dan Kliring House ICH dan KBI.
Clause Berizin & Diawasi Oleh in Deposit & Withdraw Ketahui kebutuhan minimal deposit, segregated account, hingga cara withdraw profit di Agrodana Futures, paragraph 54 of 64
Read from the broker's site on Archived copyOpen the reference

Buried at section 54 of 64 in the Deposit & Withdraw Ketahui kebutuhan minimal deposit, segregated account, hingga cara withdraw profit di Agrodana Futures, 84% of the way through.

Where the marketing and the contract disagree

A promise made in public, set against the clause that governs it

01

The 1 hour withdrawal holds only before 11.00am on a working day, and the deposit page names no cut-off.

Said in public, in Indonesian

Withdraw instan dan mudah, hanya 1 jam

Word for word in English: Withdraw instantly and easily, only 1 hour

Benefit tile on the Indonesian Deposit & Withdraw page, the page a depositor is sent to

We took a picture of this page. It is shown once, with the finding it belongs to. See our capture of agrodana-futures.com

In the contract · clause Berapa Lama Hingga Saya Menerima Dana Saat Melakukan Penarikan?

Tetapi jika permintaan penarikan dana dilakukan setelah pukul 11.00am, maka akan diproses pada hari kerja berikutnya

We took a picture of this page. It is shown once, with the finding it belongs to. See our capture of agrodana-futures.com

02

Only crude oil and index CFDs escape the swap charge, while the precious metals named in the same claim pay 4.00% a year on a long position.

Said in public, in Indonesian

Beli/jual logam mulia, minyak mentah, dll secara global dengan mudah dan tanpa biaya swap

Word for word in English: Buy and sell precious metals, crude oil and more globally, easily and with no swap fee

Commodities entry in the site menu, carried on every page including the deposit page

We took a picture of this page. It is shown once, with the finding it belongs to. See our capture of agrodana-futures.com

In the contract · clause Tabel Suku Bunga Swap Produk Agrodana

Khusus untuk produk komoditi Crude Oil dan CFD Indeks Saham Asia dan Amerika, tidak berlaku perhitungan suku bunga swap

We took a picture of this page. It is shown once, with the finding it belongs to. See our capture of agrodana-futures.com

03

The homepage promises guaranteed security while the FAQ makes you liable for a loss that runs past your balance.

Said in public, in Indonesian

Dengan keamanan terjamin dan pilihan saham yang beragam, kamu bisa trading dengan tenang dan fokus meraih keuntungan maksimal.

Word for word in English: With guaranteed security and a varied choice of shares, you can trade calmly and focus on reaching maximum profit.

US share CFD section of the Indonesian homepage

We took a picture of this page. It is shown once, with the finding it belongs to. See our capture of agrodana-futures.com

In the contract · clause Apakah Over Loss Dapat Terjadi?

Over Loss dapat terjadi. Nasabah bertanggung jawab penuh atas semua kerugian yang terjadi yang disebabkan oleh pergerakan harga termasuk apabila Open Gap (New York Holiday dan Friday Market Close), lompatan harga dan pasar hectic.

We took a picture of this page. It is shown once, with the finding it belongs to. See our capture of agrodana-futures.com

04

The homepage rules out sudden widening on a spread the product page itself describes as fixed 99.9% of the time.

Said in public, in Indonesian

Dengan 1 PIP Fixed Spread memungkinkan kamu lebih mudah dalam merencanakan strategi trading dan mengelola risiko dengan lebih efektif, tanpa perlu khawatir tentang spread yang melebar secara tiba-tiba dalam kondisi pasar tertentu.

Word for word in English: With 1 PIP Fixed Spread you can plan your trading strategy and manage risk more effectively, without needing to worry about the spread widening suddenly in certain market conditions.

Forex 1 Pip tab on the Indonesian homepage

We took a picture of this page. It is shown once, with the finding it belongs to. See our capture of agrodana-futures.com

In the contract · clause Page headline

1 PIP Major Forex, Gold $0.3, 99.9% Spread tetap, Biaya rendah, sehingga Profit lebih cepat dan lebih baik.

We took a picture of this page. It is shown once, with the finding it belongs to. See our capture of agrodana-futures.com

05

The English login page sells low cost trading on tight spreads and never mentions the USD 50 per lot commission set out in the Indonesian FAQ.

Said in public, in English

We offer trade in FX, commodities and CFD indices with tight spreads. This is to minimize your trading cost and let you get the most out of your trading

LOW COST TRADES panel on the English client area login page

In the contract · clause Berapa Komisi Yang Dikenakan?

Untuk setiap transaksi 1 lot settled akun reguler, maka akan dikenakan biaya komisi USD 50 dan untuk akun mini biaya komisi adalah USD 5 per 0.1 lot settled

We took a picture of this page. It is shown once, with the finding it belongs to. See our capture of agrodana-futures.com

What changed quietly

This is our first reading of Agrodana Futures, so there is nothing to compare it against.

  • REWRITTENClause Footer, Berizin & Diawasi Oleh · 2025-06-19 to 2026-10-02

    Agrodana stopped printing its licence number in the footer and now names three supervisors instead of one.

    Agrodana Futures adalah perusahaan Pialang berizin dan diawasi oleh Bappebti, Otoritas Jasa Keuangan (OJK) dan Bank Indonesia (BI), dan merupakan anggota dari Bursa ICDX dan JFX dan Kliring House ICH dan KBI.

  • REWRITTENClause Footer, accepted clients · 2025-06-19 to 2026-10-02

    Agrodana added Iran and North Korea to the nationalities it will not take as clients.

    Kami menerima klien Warga Negara Indonesia dan Asing yang memegang Kartu Izin Tinggal Terbatas di Indonesia kecuali warga negara Amerika Serikat, Kanada, Uni Eropa, Australia, Jepang, Iran dan Korea Utara.

  • REWRITTENClause Footer, risk warning · 2025-06-19 to 2026-10-02

    The footer risk warning grew longer and now tells you to learn and understand the risks before you start trading.

    Transaksi ini memiliki leverage dan tingkat risiko yang tinggi terhadap modal, dan tidak selalu cocok untuk semua orang, pelajari dan pahami risikonya sebelum memulai transaksi.

The documents this reading is based on

9 files, all published by Agrodana Futures. Each shows when we read it and a fingerprint of its wording.

WIKILIX keeps the copy of each file it read, and does not republish it: what is published is the fingerprint of its wording. Download the file yourself and hash its text, lowercased with runs of whitespace collapsed, and a matching fingerprint means the wording quoted above is still the wording Agrodana Futures publishes.

How this reading was done

Every clause above was read out of a document Agrodana Futures publishes itself

This reading was published on .

Documents
8 of 9downloaded from the broker's site, and 8 read in full
Pages opened
22pages walked to find those documents, footer links included
Older copies
2earlier versions downloaded
Marketing pages
4public pages set against what the contract says
Languages
EN vs IDthe language it advertises in, against the language it contracts in
Position measured
3clauses whose position was counted: which numbered section of the document holds them, out of how many

Who the contract is with

PT. Agrodana Futures

PT. Agrodana Futures is one Indonesian company, with its head office at Menara Batavia in Jakarta and branches in Surabaya, Lampung and Bandung. It is a Bappebti licensed futures broker, a member of the ICDX and JFX exchanges, and clears through ICH and KBI. Its client area login page carries licence number 40/BAPPEBTI/SI/XII/2000, which the website footer no longer prints. We found no second entity and no offshore sibling: the company you transfer rupiah to is the one named on that licence. No published document names it as your contractual counterparty, because no agreement is published.

Quotations are copied verbatim from the documents named above, with the clause number and the page each one came from. Where a clause is quoted in another language, the original is shown first and the English is a translation.

The plain-language parts, what a clause means for a client, how ordinary it is, and how it reads against a regulated standard, are WIKILIX's analysis and are labelled as such on every card. This is a reading of public documents, not legal advice and not an allegation of wrongdoing.

In fairness, and what we could not check

A reader who knows the edges of the work can trust the middle of it

Client money goes to segregated accounts in the company's own name at five named banks, and the FAQ confirms every client gets one. Agrodana refuses deposits from anyone but the account holder and pays out only to an account in your own name. Its complaints block publishes the regulator's own portal at pengaduan.bappebti.go.id alongside a dedicated compliance line and mailbox. The FAQ prints the actual formulas for swap, profit and rollover. It also states plainly that an over loss can happen rather than hiding it. The footer risk warning is longer than the 2025 version and now tells you to learn the risks first.

We could not read the contract, because Agrodana does not publish one. There is no client agreement, no trading terms and no risk disclosure document on the site, and the registration form sits behind a login. Everything quoted here comes from pages we opened on agrodana-futures.com. On the FAQ page we read the product tab and the deposits and withdrawals tab, and not the MetaTrader 4 or account opening tabs. Two links in Agrodana's own footer, to its Komisi & Spread page and its 1 PIP page, lead nowhere. Only one earlier copy of each of the two main pages exists, from June 2025 and May 2026, so the version comparison covers the footer and the disclaimer wording and nothing else.

How to check any of this yourself

Every quote above links to the Agrodana Futures file it came from. This is what to do with it.

Open the three stepsFind the words in the source, work out the fingerprint, and read what a difference does and does not prove.

Open the source and search for the words

Every quote has a link under it. Open the file, or the web page, and search it for the words we quote. The clause number next to the quote tells you where to look.

If the words are not there any more, the source may have changed after we read it. That is worth knowing too. We keep the date we read it, and a code worked out from its wording, so the quote stays checkable.

What a fingerprint is

A fingerprint is a code worked out from what a source says. Change one word and the code changes completely. We keep two codes for every file we read, and the panel on each source shows both.

The first is the code of the exact file we downloaded. The second is the code of its wording alone, with capital letters lowered and runs of spaces collapsed. When the same words are saved as a new file, the first code changes and the second one stays the same.

Only the first code can be worked out on your own computer. Save the file, then run one of these, putting the name of the file you saved where the example is. The panel on each source prints the command with that source's real file name already in it.

macOS or Linux:
  shasum -a 256 the-file-you-saved.pdf

Windows:
  certutil -hashfile the-file-you-saved.pdf SHA256

The two codes are different from each other, and they are not meant to match. Comparing one against the other proves nothing.

What a difference means, and what it does not

A different file code on its own proves nothing. A PDF saved again with a new date inside it is a new file saying exactly the same thing.

A different wording code means the words themselves changed. That is the one that matters, and it is why we keep it.

Even then, a change is not proof of bad faith. Companies update their documents. What this report says is what the document said on the day we read it, and every quote carries that date.

A source that is a web page and not a file has no file to save, so only the code of its wording is shown.

How this report is made

Every clause quoted above comes from a document Agrodana Futures publishes on its own website, downloaded and hashed on the date shown, with the clause number and page recorded so any reader can check it. We do not allege anything the documents do not say, and we do not judge Agrodana Futures on anything other than its own published terms and its own public marketing. Where a clause has a qualifier that softens it, the report says so. Last read Oct 2, 2026.

If you represent Agrodana Futures and a clause has changed, been withdrawn, or is being read out of context, tell us and we will re-read the documents and update this page. Corrections from the broker are welcome and are published with the reading they change. Contact us.

This is a reading of a contract, not legal advice and not a ruling on Agrodana Futures. Whether its licence is real and current is a separate check on the broker profile.

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