Is RRFX a scam?
Wikilix independent safety report
We found no evidence that RRFX is a scam. We publish it at 65 percent risk for one reason only: the brand is barely two years old, and a young operation with almost no client track record cannot yet…
Risk scorecard · each area scored 0 (clean) to 10 (worst)
Broker Summary
What Wikilix has recorded about RRFX: its history, the licences it holds, its trading conditions and its fees.
RRFX is the retail trading brand of PT RRFX Investasi Berjangka, a futures brokerage based in Jakarta, Indonesia. The company registers at the Company Registry of the Directorate General for Legal Administrative Affairs, Ministry of Law and Human Rights under number 4025062531201930, with a registered office at Soho Rodeo Drive Nomor 020 (SRD-020), Kamal Muara, Penjaringan, North Jakarta, and a branch office at Mangkuluhur City Tower One in South Jakarta. Both offices, a landline for each and a single client-service mailbox are published on the broker's own site.
Regulation. The broker's legality page lists a BAPPEBTI futures-broker business licence numbered 192/BAPPEBTI/SI/II/2003, Jakarta Futures Exchange broker membership SPAB-169/JFX/05/2018, Indonesia Commodity and Derivatives Exchange membership 063/SK/ICDX/DIR/VIII/2025, clearing membership with Kliring Berjangka Indonesia (53/AK-KBI/PA/II/2023) and Indonesia Clearing House (066/SK/ICH/DIR/VIII/2025), plus references to the Financial Services Authority (S-223/PM.02/2025) and Bank Indonesia (No. 27/641/DPPK/Srt/B). This is a domestic Indonesian licence set built for Indonesian residents. It is not equivalent to a top-tier European, British or Australian authorisation, and the exchange and clearing memberships are memberships rather than separate conduct licences.
Trading. RRFX runs on MetaTrader 5, distributed as a branded Windows installer alongside the standard MetaQuotes mobile apps, and it also publishes its own RRFX Mobile Trading app for Android and iOS. Four live accounts are offered, all at leverage up to 1:400 with a 0.1 lot minimum click size, seven days of swap-free trading and negative balance protection: Prime (from $100 / Rp 1,000,000, $1 per lot, forex spreads from 8 points), Easy (from $100 / Rp 1,000,000, $5 per lot, from 5 points), Lite (from $500 / Rp 5,000,000, $15 per lot, from 3 points) and Elite (from $2,000 / Rp 20,000,000, $25 per lot, from 0 points). The instrument range is narrow by international standards: 7 major and 21 cross currency pairs, gold and silver, crude oil and five stock index products. There is no cryptocurrency offering.
Funding. Deposits and withdrawals run through Indonesian bank transfer only, into company accounts held in the broker's own name at BCA, Mandiri, BNI, BRI and CIMB Niaga for rupiah and additionally CCB for US dollars. The broker states client money sits in a segregated account and that withdrawals are processed within 24 working hours. No card, e-wallet or crypto channel is offered, and no deposit or withdrawal fee schedule is published.
Support runs Monday to Friday, 09:00 to 17:00 WIB, by phone, email, WhatsApp and an on-site chat widget, in Indonesian.
Who it suits, and the caveats. RRFX is built for Indonesian residents who want a domestically supervised route into forex, metals and index futures with rupiah funding and Indonesian-language support. Prospective clients should note several gaps. The site publishes no terms and conditions, client agreement or risk-disclosure document at all, and the registration form's own Terms and Privacy link leads nowhere, so the contract a client signs is not visible before signing. The BAPPEBTI certificate for the licence the broker relies on records a different licensee name from the one the site uses, which the broker does not explain anywhere on its pages. The brand itself is new even though the company behind it is not, and support hours on the contact page are shorter than the round-the-clock service the homepage advertises.
Website snapshots
10 full-page captures of RRFX's own site, archived so what they said can still be read after the pages change.
Regulatory Licenses
Every licence RRFX has in force is from an offshore regulator. Most carry no compensation scheme — each row below says what the issuing regulator actually requires.
How far our check got
- 2 confirmed on a register
- 1 not a trading licence
BAPPEBTITier 3OffshoreConfirmed on registerChecked
What the register says
- Licence number
- 1519/BAPPEBTI/SP/4/2007
- Type
- Retail Forex License
- Register status
- Recorded on the BAPPEBTI register entry for this broker
- Effective
- Jan 1, 2007
- Expires
- No expiry shown
What our check found
A separate BAPPEBTI permit allowing the broker to operate on the alternative trading system (Sistem Perdagangan Alternatif), which is the framework Indonesian brokers use for forex and index contracts. Client protection: Same domestic framework as the main licence; it defines what the broker may offer rather than adding protection.. Effective: 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 RRFX 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 3OffshoreConfirmed on registerChecked
What the register says
- Licence number
- SPAB/169/JFX/05/2018
- Type
- Dealing in futures contracts
- Register status
- Active on the exchange member register
- Effective
- May 1, 2018
- Expires
- No expiry shown
What our check found
Membership of the Jakarta Futures Exchange, the main Indonesian futures exchange. It is an exchange seat rather than a state licence, and it sits on top of the BAPPEBTI licence. Client protection: Adds exchange-level rules and a dispute route, but client-money protection comes from the BAPPEBTI segregated-account requirement, not from the membership.. Effective: May 2018.
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 RRFX 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
ICDXTier 3OffshoreNot confirmed as a licenceChecked
What the register says
- Licence number
- 063/SK/ICDX/DIR/VIII/2025
- Type
- Dealing in futures contracts
- Register status
- Not confirmed on the exchange member register
- Effective
- Aug 1, 2025
- Expires
- No expiry shown
What our check found
Claimed membership of the Indonesia Commodity and Derivatives Exchange, the country's second futures exchange. This is an exchange membership, not a separate regulatory licence. Client protection: Would add a second exchange venue and its rules. We could not confirm it, so no protection should be assumed from this claim.. Effective: Aug 2025.
Client protection under this licence
- Compensation schemeIndonesia deposit insurance covers up to IDR 2 billion per depositor
- Complaints routecomplaints via pengaduan.bappebti.go.id
- Maximum leverage1:100 (domestic GOFX products)
These are the rules ICDX sets for the firms it licenses. They are not a statement about how RRFX applies them, or about which of its companies would hold your account.
About Indonesia Commodity and Derivatives Exchange
Offshore regulatorGovernment bodyCompensation: Indonesia deposit insurance covers up to IDR 2 billion per depositorNo public registerTransparency: low
Account Types
4 account types on record. Minimum deposit from USD 100. Leverage up to 1:400.
| Account | Min Deposit | Leverage | Commission |
|---|---|---|---|
| PrimePrime · VIP | USD 100 | 1:400 | $1 per lot |
| EasyStandard | USD 100 | 1:400 | $5 per lot |
| LiteStandard | USD 500 | 1:400 | $15 per lot |
| EliteElite · VIP | USD 2,000 | 1:400 | $25 per lot |
Country availability
Where RRFX says it will and won't take clients
Confirmed blocked
Named in the broker's own terms
How we know — 6 sources
- 1Site-wide footer disclaimer, reproduced on every page including https://rrfx.co.id/contact-us and https://rrfx.co.id/live-account: the broker states its website information is not intended for residents of British Columbia, Quebec and Saskatchewan, the Democratic People's Republic of Korea (North Korea), Iran, the United States and Hong Kong. North Korea (KP), Iran (IR), the United States (US) and Hong Kong (HK) are named as jurisdictions and are recorded as confirmed blocks.
- 2British Columbia, Quebec and Saskatchewan are Canadian provinces, not sovereign jurisdictions with their own alpha-2 codes, and Canada as a whole is not named. No code is written for them; the wording is recorded here instead.
- 3The same clause adds that the broker will not transmit or use its information in any country or jurisdiction where doing so would breach local law. That is a general reservation naming no country, so no code is inferred from it.
- 4The broker publishes no terms and conditions, client agreement, AML policy or dedicated restricted-countries page: /terms, /terms-and-conditions, /client-agreement, /restricted-countries, /documents, /faq and /aml all return 404. The signup page's Terms and Privacy link is a dead anchor.
- 5The registration form at https://app.rrfx.co.id/signup has no country-of-residence selector, only a closed telephone dialling-code list of 30 codes. Dialling codes do not map one-to-one onto countries and the list is not an onboarding country policy, so no whitelist code is derived from it; the list is recorded here as the only onboarding-side signal found.
- 6The broker's regulation page at https://rrfx.co.id/legal states permitted supervision and exchange memberships in Indonesia only; a licence's scope is not an onboarding block, so no code is derived from it.
Funding Methods
2 ways to fund an account.
| Method | Deposit fee | Withdrawal fee | Min deposit | Withdrawal min / max | Processing |
|---|---|---|---|---|---|
| Bank Transfer (IDR)Bank TransferRupiah deposits to segregated company accounts held in the name of PT RRFX Investasi Berjangka at BCA, Mandiri, BNI, BRI and CIMB Niaga. The broker states client funds sit in a segregated account and that withdrawals are processed within 24 working hours; no deposit or withdrawal fee, and no per-channel minimum or maximum, is published. | Not recorded | Not recorded | Not recorded | Not recordedNot recorded | hour |
| Bank Transfer (USD)Wire TransferUS dollar deposits to segregated company accounts held in the name of PT RRFX Investasi Berjangka at BCA, Mandiri, BNI, BRI, CIMB Niaga and CCB Indonesia. No deposit or withdrawal fee, and no per-channel minimum or maximum, is published. | Not recorded | Not recorded | Not recorded | Not recordedNot recorded | hour |
Trading Platforms
One trading platform on record: Meta Trader 5.
- Meta Trader 5RecommendedWindowsMacLinuxWebAndroidiOSAPIDownloadDetails
Global Domains
2 domains on record. All active and served over HTTPS.
Corporate Network
One legal entity behind the RRFX brand.
- PT Rrfx Investasi BerjangkaActiveThe operating legal entity behind the RRFX brand. Registered with the Company Registry of the Directorate General for Legal Administrative Affairs, Ministry of Law and Human Rights, Indonesia, under number 4025062531201930; the entity holds LEI 9845005938F9B5X99A49 and is recorded as active.
Company Registration
The operating company is PT RRFX Investasi Berjangka. Registered in Indonesia.
- Legal entity
- PT RRFX Investasi Berjangka
- Jurisdiction
- Indonesia
- Registry
- BAPPEBTI futures-broker register (Ministry of Trade)
- Registered address
- Ruko Soho Rodeo Drive Blok A No. 20 (SRD-020), Kel. Kamal Muara, Kec. Penjaringan, Jakarta Utara, DKI Jakarta 14470

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