JFX Regulated Brokers: Every Jakarta Futures Exchange Member

Twenty-seven brokers in the WIKILIX records hold a membership licence from the Jakarta Futures Exchange, and this page lists every one of them, ordered by overall score. Because a JFX seat is exchange membership rather than a conduct rating, the scores run low and close together: Dupoin leads on 51.8, the median sits at 27.3, and International Business Futures closes the list on 19.8. Twenty-five of the twenty-seven also hold a BAPPEBTI registration, and five carry a status warning worth reading before anything else.

The Jakarta Futures Exchange opened in 1999 and is the oldest futures market in Indonesia, home to gold, coffee and other commodity contracts. A broker cannot offer those products to Indonesian clients without both a seat on the exchange and a licence from BAPPEBTI, the commodity futures agency that answers to the Ministry of Trade. WIKILIX records JFX as a tier-3 authority with offshore standing: genuine oversight of how a member behaves on the exchange, but not the ring-fenced client money and compensation cover that a tier-1 body such as the UK Financial Conduct Authority requires. Only Dupoin pairs its JFX seat with an FCA licence, which is why it sits at the head of the table.

What a JFX seat clears a broker to do

A seat means the broker may route client orders into the exchange and is answerable to it for how those orders are handled. That standing is checked against conduct on the exchange and registration with BAPPEBTI. It says nothing about how tightly your deposit is separated from company money, or whether anyone would repay you if the firm collapsed. Nissan Securities, a Japanese member that opened in 1948 and caps leverage at 1:1, shows the seat is not only an Indonesian retail badge. MRG Mega Berjangka has traded since 1998 and holds JFX, BAPPEBTI and ICDX seats together.

How the twenty-seven break down

• By status: 22 carry a clean regulation label. The other five are flagged: 18FX and Genesis as suspicious clones, esaFX and Sentratama Investor as offshore, and Premier Equity Futures as unregulated.
• By age: 13 opened before 2010. The oldest Indonesian member, MRG Mega Berjangka, dates to 1998, and two firms carry no recorded opening date at all.
• By licences held: 26 of the 27 hold at least one authority beyond JFX, almost always BAPPEBTI. Nissan Securities is the only member on the list holding JFX on its own.
• By leverage: offers run from 1:1 at Nissan Securities to 1:1000 at Dupoin and Genesis, with seven members quoting 1:400 or higher and three recording no leverage figure.

What this list will not tell you

It does not record which nationalities each broker accepts, so a seat here is not a sign that a firm will take you on from where you live. It holds no spread or execution figures, so nothing on the page ranks trading cost. And membership is not a clean bill of health: 18FX and Genesis both hold three Indonesian licences and still carry a suspicious-clone warning, which is exactly why the status label matters more than the number of seats a broker collects.

Before you open an account with a JFX member

• Confirm the firm still holds a live seat on the exchange's own member roster before you deposit.
• Match the BAPPEBTI licence number on the account documents against the agency's public register, not just the broker's own site.
• Check which legal entity you actually sign with. Dupoin books to a UK address and Nissan Securities to a Japanese one, so an Indonesian seat can sit behind a very different contracting company.
• Read the status label first on the five flagged members before you weigh anything else about them.