TridentPro
PT Trident Pro Futures25.5Regulated
IndonesiaBAPPEBTI
1 Platform2 licences
Editorial review
Broker Summary
What Wikilix has recorded about Maxco: its history, the licences it holds, its trading conditions and its fees.
Maxco is the retail trading brand of PT Maxco Futures, an Indonesian futures brokerage operating from Jl. Jend. Sudirman Kav-1, Senayan, Jakarta Pusat. It is a domestically focused firm rather than an international CFD group: its permissions, its exchange membership and its client base all sit inside Indonesia.
Regulation. Maxco holds a Forex Trading License (EP) numbered 353/BAPPEBTI/SI/IV/2004 from Badan Pengawas Perdagangan Berjangka Komoditi, Indonesia's statutory commodity futures regulator, issued to PT. MAXCO FUTURES and covering forex, futures and financial derivatives trading. It also holds a Derivatives Trading License (AGN) numbered SPAB-057/BBJ/12/03 through the Jakarta Futures Exchange, which is exchange membership rather than a government licence in its own right. Both were confirmed as in force during this review. Neither authorisation was verified directly against the issuing register during this review, and BAPPEBTI's regime is designed for Indonesian residents trading domestically, not for cross-border clients.
Trading offer. Around 70 instruments across forex, metals, futures and share CFDs, on variable spreads, with a commission of USD 1 per lot and leverage up to 1:500. Accounts can be denominated in US dollars or Indonesian rupiah. The headline minimum deposit is USD 100. A demo account with USD 10,000 of virtual funds and a one-month validity is offered alongside the live account.
Platforms. MetaTrader 4 on a full licence, with the live server Maxco-Real hosted in Indonesia and expert advisors supported, plus a browser-based WebTrader and a mobile app.
Funding. Local Indonesian bank transfer in rupiah or US dollars. Deposits and withdrawals are processed on business days, with same-day handling for requests placed before the daily cut-off.
Who it suits. Indonesian residents who want a domestically licensed futures broker, a familiar local payment rail and MetaTrader 4. It is a poor fit for traders outside Indonesia: the leverage on offer is far above what onshore regulators in Europe, the UK or Australia permit, and the Indonesian framework offers no recourse a foreign client could realistically use.
Caveats. The company's registration could not be confirmed in the Indonesian corporate registry during this review, so the legal entity behind the brand rests on the firm's own disclosure and the name printed on its licence. The public website did not serve requests from outside its home market during this review, which means the published trading conditions, account terms, funding fees and country restrictions could not be read first-hand. Treat every commercial figure above as indicative and confirm it with the broker before funding an account.
Regulation check
Regulatory Licenses
Every licence Maxco has in force is from an offshore regulator. Most carry no compensation scheme — each row below says what the issuing regulator actually requires.
2 of 2 checked
2Licences on record
2Confirmed on register
0Tier 1 or 2
2Offshore
How far our check got
- 2 confirmed on a register
BAPPEBTITier 3OffshoreIndonesiaRetail Forex LicenseNo. 1220/BAPPEBTI/SE/5/2007Confirmed on registerChecked
What the register says
- Licence number
- 1220/BAPPEBTI/SE/5/2007
- Type
- Retail Forex License
- Register status
- Active
- Effective
- May 1, 2007
- Expires
- No expiry shown
What our check found
A separate Bappebti approval allowing the broker to offer alternative trading system contracts, which is the over-the-counter forex and index business that most retail clients actually use. Client protection: Same supervision as the main licence; it defines the permitted product scope rather than adding protection.. Effective: May 2007.
Client protection under this licence
- Compensation schemeIndonesia deposit insurance covers up to IDR 2 billion per depositor
- Complaints routehotline +62 21 344 1908, email pengaduan@bappebti.go.id
- Maximum leverage1:100
These are the rules BAPPEBTI sets for the firms it licenses. They are not a statement about how Maxco applies them, or about which of its companies would hold your account.
About Badan Pengawas Perdagangan Berjangka Komodit
Offshore regulatorGovernment bodyCompensation: Indonesia deposit insurance covers up to IDR 2 billion per depositorPublic registerTransparency: medium- Typical cost of this licence
- At least IDR 50 billion paid-up capital; maintain IDR 40 billion equity
JFXTier 3OffshoreIndonesiaDealing in futures contractsNo. SPAB-057/BBJ/12/03Confirmed on registerChecked
What the register says
- Licence number
- SPAB-057/BBJ/12/03
- Type
- Dealing in futures contracts
- Register status
- Active
- Effective
- Dec 1, 2003
- Expires
- No expiry shown
What our check found
Membership of the Jakarta Futures Exchange, the licensed Indonesian futures exchange. It is an exchange membership rather than a separate government licence, but it is only granted to Bappebti-licensed brokers and is checkable on the exchange's own list. Client protection: Exchange rules, trade registration and access to exchange dispute procedures. It does not itself protect deposits.. Effective: Dec 2003.
Client protection under this licence
- Compensation schemeClearing house guarantee fund
- Complaints routeBappebti dispute resolution & arbitration
- Maximum leverage1:100
These are the rules JFX sets for the firms it licenses. They are not a statement about how Maxco applies them, or about which of its companies would hold your account.
About Jakarta Futures Exchange
Offshore regulatorGovernment bodyCompensation: Clearing house guarantee fundPublic registerTransparency: medium- Typical cost of this licence
- USD 1m membership & capital
Trading accounts
Account Types
One account type on record. Minimum deposit from USD 100. Leverage up to 1:500.
1 account type
| Account | Min Deposit | Leverage | Commission |
|---|---|---|---|
| RealStandard | USD 100 | 1:500 | USD 1 per lot |
Deposits & withdrawals
Funding Methods
One way to fund an account.
1 method
| Method | Deposit fee | Withdrawal fee | Min deposit | Withdrawal min / max | Processing |
|---|---|---|---|---|---|
| Bank TransferBank TransferLocal Indonesian bank transfer in Indonesian rupiah or US dollars. Deposits and withdrawals are processed on business days only; withdrawal requests submitted before 18:00 local time are handled the same working day. Not corroborated by the broker's own website, which could not be reached this run. | Not recorded | Not recorded | Not recorded | Not recordedNot recorded | 1 day |
Trading software
Trading Platforms
One trading platform on record: MetaTrader 4.
1 platform
- MetaTrader 4RecommendedWindowsMacWebAndroidiOSDetails
Websites
Global Domains
One domain on record. All active and served over HTTPS.
1 domain
Legal entities
Corporate Network
One legal entity behind the Maxco brand.
1 entity
Company registry check
Company Registration
Maxco names PT Maxco Futures as the operating company. We could not confirm that registration on the registry.
Not confirmed on registry
- Legal entity
- PT Maxco Futures
- Jurisdiction
- Indonesia
- Registry
- Bappebti futures broker register (Indonesian corporate registry record not obtained)
- Registered address
- Gedung Bank Panin Pusat Lt. Dasar, Jl. Jend. Sudirman Kav. 1, Bundaran Senayan, Jakarta 10270, Indonesia
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