PanEn Kapital Berjangka: JFX licence SPAB-156/BBJ/09/07

Not established. No account documentation was readable during this review, so whether swap-free (syariah) or ECN-style accounts are offered is unknown. Given the Indonesian market, a swap-free option is plausible, but plausible is not the same as confirmed and we do not publish it as a feature.

Its exact founding date is unconfirmed. The licence identifiers it holds carry 2007 and 2008 date components, which suggests the underlying permissions are long-standing, but a number embedded in a licence reference is not a documented incorporation date and this review will not present it as one. There is also an unconfirmed indication that the company previously traded under a different name, which would mean the brand is much newer than the licences behind it.

Almost certainly only in Indonesia. The permissions it holds are domestic Indonesian ones, and the authority that grants them licenses brokers to serve Indonesian residents rather than an international client base. The broker's own restricted-country policy could not be read this review, so no definitive list of accepted or refused jurisdictions is published here. If you are not resident in Indonesia, assume you are outside its intended market and confirm before applying.

Unknown. No published processing time was readable, and this review found no body of client withdrawal reports either way, positive or negative. The absence of complaints is not the same as evidence of prompt payment, so treat withdrawal speed as untested and verify it yourself with a small first withdrawal.

The deposit and withdrawal channels, their fees, processing times and limits are not documented here, because the broker's funding pages could not be reached during this review. As an Indonesian futures broker, funds would normally move through a segregated domestic bank account, but the specific methods and any charges are unconfirmed. Obtain the schedule in writing, and test a small withdrawal before committing meaningful capital.

MetaTrader 5, provided on a white-label basis through a single dedicated server, PanenKapital-Server, hosted in Indonesia. No MetaTrader 4 server is operated and no proprietary platform was identified. MT5 is available in its standard Windows, web and Android/iOS mobile builds.

Not published in any source this review could reach. For context, the Indonesian regulatory framework the broker operates under generally caps leverage in the region of 1:100, but that is a feature of the regime rather than a confirmed statement of this broker's terms. Treat the broker's own written confirmation as the only reliable answer.

Not disclosed in anything this review could read. The broker's website was protected by a security layer that refused every access route attempted, so no account tier, minimum deposit or funding figure was obtainable. We would rather report the gap than publish a guessed number. Ask the broker in writing before depositing.

There is no evidence that it is. It is a named Indonesian company holding two genuine domestic permissions in its own name, which is not the profile of a fabricated broker. Equally, this review could not verify the things that would let us call it clean: the website was unreadable throughout, so no commercial terms, funding rules or client-money arrangements were seen, and the entity could not be found on a corporate register. Our assessment is therefore high risk, unverified rather than either endorsement or accusation.

The operating legal entity is PT Panen Kapital Berjangka, an Indonesian limited liability company (Perseroan Terbatas) registered at Panen Tower Lantai 5, Jl. Patal Senayan No. 31, Jakarta Selatan 12210. The same name appears on both licence records, which is a good consistency signal. Its company registration number and incorporation date could not be independently confirmed, because Indonesia's official company register is behind a paid account and the entity holds no Legal Entity Identifier.

Yes. The operator, PT Panen Kapital Berjangka, holds a Forex Trading License (EP) from Indonesia's Badan Pengawas Perdagangan Berjangka Komoditi (BAPPEBTI) under number 13/BAPPEBTI/SI/03/2008, and a Derivatives Trading License (AGN) as a broker member of the Jakarta Futures Exchange under number SPAB -156/BBJ/09/07. Both are shown as active and both name the same operating company.

Two caveats matter. BAPPEBTI is a domestic-scope regulator whose client-money protections are considerably weaker than a tier-one authority's, and neither licence could be re-checked against the issuing authority's own live register during this review, so the confirmation rests on the licence documentation.