SIBL
Social Islami Bank Limited16.7Regulated
IndonesiaEst. 1991FSC
1 licence
Broker Summary
Summary of the broker
Genesis Gemilang Futures, established in 2022, is an up-and-coming Indonesian forex and futures brokerage. By combining strong regulatory support and an innovative approach to market access, Genesis Gemilang Futures seeks to create secure access to markets for both new and experienced traders.
Genesis Gemilang Futures has rapidly garnered attention in its short existence for its regulatory compliance and domestic/international access to futures products. Notably, it is the only Indonesian Futures brokerage to offer FX trading access via SGX using the Penyaluran Amanat Luar Negeri (PALN) mechanism. Genesis places a high priority on transparency and efficiency in its trading solutions by focusing on the unique needs of the Indonesian marketplace.
Genesis Gemilang Futures provides excellent market access, many markets are available for spot forex trading and a variety of futures products (commodity, equity index, currency) via PALN.
A multilateral trading facility (MTF) is established to provide access to lower fees and a broader range of liquidity. This facilitates faster order execution.
Client fund protection is achieved through the Kliring Berjangka Indonesia (KBI), which provides protection for clients' funds and eliminates any credit risk.
As an active member of the regulatory body, the Jakarta Futures Exchange (JFX), the Kliring Berjangka Indonesia (KBI), and as a licensed futures broker through BAPPEBTI, Genesis is in compliance with all applicable regulations of Indonesia.
Other Information About Genesis Gemilang Futures:
Implementation of PALN on FX Trading via SGX was a significant milestone in 2022 with no further updates for 2024-2025. Regulatory status indicates stability in current operations.
The most important aspect of Genesis Gemilang Futures is the solid regulatory foundation, providing security over clients' funds, and access to many international markets for diversification. Although trading conditions and fees are not available, one can obtain detailed information from Genesis directly.
Regulatory Licenses
Compliance & oversight
No regulation
Trading with an unregulated broker puts your deposit at risk.
No regulation
We have not confirmed any regulation for GENESIS. An unregulated broker is not supervised by a financial authority, and money you deposit is protected only by the company itself.
What this means for you
- No compensation scheme covers your funds.
- No regulator to escalate a complaint to.
- No audit of how client money is held.
Account Types
Trading account options
No Account Types
Account type information is not available for this broker yet.
Funding Methods
Deposit & withdrawal options
4 methods
Local Bank Transfers
Local Bank Transfers
Deposit
Fee:Free
Min:USD 500
Max:N/A
Withdrawal
Fee:Free
Min:N/A
Max:N/A
Bank fees for withdrawals are charged to the customer; minimum deposit approx. $500 based on user reports but not officially confirmed.
E-wallets (Skrill)Instant
E-wallets (Skrill)
Instant
Deposit
Fee:Free
Min:USD 500
Max:N/A
Withdrawal
Fee:Free
Min:N/A
Max:N/A
Withdrawal processed within 24 hours; minimum deposit approx. $500 based on user reports but not officially confirmed.
Credit/Debit CardsInstant
Credit/Debit Cards
Instant
Deposit
Fee:Free
Min:N/A
Max:N/A
Withdrawal
Fee:Free
Min:N/A
Max:N/A
Processing time usually instant or within a few hours; no official minimum deposit stated.
Wire Transfers
Wire Transfers
Deposit
Fee:Free
Min:N/A
Max:N/A
Withdrawal
Fee:Free
Min:N/A
Max:N/A
Withdrawal processing time may take 1-3 business days depending on banks involved; intermediary bank fees may apply.
4
Free Deposit
4
Instant
0
Crypto
Social Presence
Digital community engagement
0 platform
No Social Media Presence
This broker doesn't have active social media accounts
Corporate Network
Enterprise structure & relationships
1 entities
PT Genesis Gemilang Futures
Indonesia
active
Registration
1239689
Established
2022-01-01
Comments
Share your thoughts and experiences with GENESIS