DIDIMAX

Overview of the Business

Container of Business Information

Country of Residence: Indonesia

Regulatory Entity: BAPPEBTI, JFX

Timeframe from Opening: 2-5 Years

Trading Instruments: Forex pairs, commodities, metals, indices, futures

Minimum initial deposit: $10,000.00

Maximum leverage allowed: 1:100

Minimum Spread: 1 pip onwards

Trading Platforms: MT5, Didimax Jafetscolt, Didimax Markets

Methods of Deposit and Withdrawal: Local Bank transfers, BNI, BCA, Mandiri, CIMB Niaga

Hours of Customer Support Availability: Monday-Friday 24 Hours, via Email, Phone Fax, Address, Live Chat (3 Languages)

Exposed to Fraud/Data Protection Complaints: no

PROS: Regulated by BAPPEBTI, JFX:

Wide Range of Instruments: Forex, Futures, Commodities, Metals

Converted funds in & out without fees

Large educational sources: Economic Calendar, Market Reports, Tutorials, Webinars, News, Articles

Multiple Ways to Contact Customer Support by Email, Phone, Live Chat, and Callback

Allows for Hedging

CONS: Only One Account Type, High Minimum Deposit of $10,000.00

Only Local Indonesian Bank Funding Method

Maximum Leverage is Quite Low, 1:100

Limited Amount of Trading Platforms (MT5, Didimax Jafetscolt, Didimax Markets)

Brokerage Type: What is DIDIMAX?

DIDIMAX is a Market Maker (MM) type of brokerage.

Through this brokerage model, DIDIMAX brokers can provide:

Faster Execution

Tighter Spreads

Greater flexability with leverage

However, as with all Market Maker brokers, thereTrading Options

DIDIMAX offers only one account type, with the following features:

A minimum investment of $10,000

Leverage available at 1:100

Spread rates starting at 1 pip

Commissions of $5 for every 0.1 lots traded.

DIDIMAX provides its clients with extensive educational materials and offers multilingual support.

Instruments Trading

Through DIDIMAX, customers have access to the following trading instruments:

Foreign exchange (Forex) currency pairs

Metals

Commodities

Index futures

Spot futures

While Cryptocurrencies are not available for trading through DIDIMAX, it is a limitation for some traders. Compared to larger multinational brokers, the breadth of its commodities and futures offerings is limited.

Commissions & Spreads

The minimum investment to open a trading account is $10,000; however, spreads from 1 pip, along with a $5 commission for every 0.1 lot traded, may be attractive to some traders.

Although the spreads at DIDIMAX are very competitive, commissions may become an issue for traders who frequently make small trades (high-frequency traders) or traders who only make small trades. Additionally, spreads may increase during periods of low liquidity and during periods of increased volatility.

Trading Account Types

DIDIMAX is limited to offering a single account type, with the following characteristics:

A minimum investment of $10,000

A minimum commerce of 0.1 lot

A $5 commission for every 0.1 lots traded

Allowing for the practice of hedging

Maximum leverage possible is 1:100

This account type may not be appropriate for absolute beginners or those interested in flexible trading.

Platforms Offered

DIDIMAX currently offers the following trading platforms:

MT5 (MetaTrader 5) - for professionals who use advanced reporting

Didimax Jafetscolt - a beginner's platform that is easy to use.

Didimax Markets - proprietary trading platform by DIDIMAX.

DIDIMAX provides versions of these trading platforms that can be used on desktop computers as well as mobile devices.

Trade Leverage

Maximum leverage at DIDIMAX is 1:100.

The leverage ratio reflects a moderate risk/reward profile for both the broker and the client, but traders must implement appropriate risk management when utilizing leverage.

Funding Options

Funding Options Accepted:

Bank Transfer - BNI; BCA; Mandiri; CIMB Niaga

Important points regarding these options:

No transaction fees for funding or withdrawing accounts.

Currently supports just USD and IDR.

Funding Options limited to Local Banks, which can be restricting for International Traders.

While this funding structure is helpful for Indonesian clients, it does create challenges for users wanting to use DIDIMAX who live outside of Indonesia.

Education Resources

DIDIMAX provides its clients with a wide variety of educational resources, including:

An article-based educational centre.

Webinars.

Video Tutorials.

Economic Calendars.

Market News & Reports.

While these resources are valuable for educating clients, DIDIMAX does not provide any individual coaching or mentoring service.

Customer Support

DIDIMAX offers Customer Support for its clients 24/5 by:

Email

Telephone

Fax

Live Chat

Callback service

Customer Support is offered in several languages including English, Indonesian, and Mandarin.

Overall Impression

DIDIMAX has a strong regulatory framework and provides an array of trading instruments, educational resources, and multilingual support. Customers using the account type will benefit from competitive spread rates, allowing hedging options and providing flexibility in terms of style of trading through the use of either MT5 and/or Didimax Jafetscolt.

However, the high minimum investment of $10,000, the limited leverage option, banking restrictions, and limited account types may deter newer traders or those looking for a broker operating outside the local jurisdiction of Indonesia. As a result, while DIDIMAX may be a good fit for experienced Indonesian traders wishing to work with a regulated local broker that also offers a large amount of educational content, it may not be the best option for traders trading outside of Indonesia.