Broker Summary
Summary of the broker
TRFX Garuda Berjangka is a brand associated with PT. TRFX Garuda Berjangka, an Indonesian limited-liability company listed at the SOHO Capital Office Building, Lantai 16, Unit 1607-1609, Jl. Letjen S. Parman Kav. 28, Grogol Petamburan, Jakarta Barat 11470. The single contact number on record is +62 21-50217217. Its primary domain, garudaberjangka.com, has been registered since December 2012, but at the time of this review it serves nothing more than a blank hosting default page reading "Website is ready to be launched". There is no homepage, no client area, no legal documents and no signup form.
Regulation. WIKILIX found no forex or futures licence that could be confirmed to exist and be in force for this operator. The brand has historically been presented as supervised by Indonesia's Badan Pengawas Perdagangan Berjangka Komoditi (BAPPEBTI), but no licence number, certificate or scope could be established for it this run, and the operator publishes no regulation page of its own because it publishes no website at all. We were also unable to confirm the company on an official Indonesian corporate register, which in Indonesia is not openly searchable. Treat the operator as unregulated until it publishes a licence that can be checked.
Offering. The offering on record is a MetaTrader 4 forex and CFD service with two live tiers, a Mini account for smaller balances and a VIP account for larger ones, alongside demo, swap-free, segregated and managed accounts. The figures on record are a minimum deposit of USD 100, leverage up to 1:500 and spreads from 1.0 pip, with STP-style execution. Funding is quoted through Visa, Mastercard, bank wire transfer, Neteller, Skrill and UnionPay, in USD, EUR and GBP. None of that is currently verifiable against a live site, and no fee schedule, limit or processing time is published anywhere we could read.
Who it suits. Nobody, at present. A broker with no working website cannot be onboarded, funded, traded or withdrawn from, and there is no published route to support beyond a single telephone line. The honest caveats are severe: no confirmable licence, no reachable client-facing site, no verifiable corporate registration, and no published terms setting out who may open an account or how disputes are handled. Anyone holding a balance with this operator should attempt withdrawal and document every request; anyone considering a deposit should choose a broker whose licence and platform can both be checked today.
Regulatory Licenses
Compliance & oversight
JFXTier 3
Jakarta Futures ExchangeIndonesiaTier 3Membership of the Jakarta Futures Exchange. Indonesian futures brokers are required to be exchange members, so this is a genuine part of the regulatory structure, but membership is not itself a licence to take client money. Client protection: Provides exchange level trade reporting and dispute channels. It adds nothing on its own without the Bappebti licence..
Offshore
Membership of the Jakarta Futures Exchange. Indonesian futures brokers are required to be exchange members, so this is a genuine part of the regulatory structure, but membership is not itself a licence to take client money. Client protection: Provides exchange level trade reporting and dispute channels. It adds nothing on its own without the Bappebti licence..
Membership of the Jakarta Futures Exchange. Indonesian futures brokers are required to be exchange members, so this is a genuine part of the regulatory structure, but membership is not itself a licence to take client money. Client protection: Provides exchange level trade reporting and dispute channels. It adds nothing on its own without the Bappebti licence..
BAPPEBTITier 3
Badan Pengawas Perdagangan Berjangka Komodit IndonesiaTier 3The alternative trading system permit (Izin SPA, Sistem Perdagangan Alternatif). This is the separate approval a licensed Indonesian broker needs before it may offer margin forex and CFD style products, so it is the permit that actually covers this broker's main business. Client protection: Brings margin forex activity inside the same segregation and reporting rules as the main broker licence.. Effective: Jul 2007.
Offshore
The alternative trading system permit (Izin SPA, Sistem Perdagangan Alternatif). This is the separate approval a licensed Indonesian broker needs before it may offer margin forex and CFD style products, so it is the permit that actually covers this broker's main business. Client protection: Brings margin forex activity inside the same segregation and reporting rules as the main broker licence.. Effective: Jul 2007.
The alternative trading system permit (Izin SPA, Sistem Perdagangan Alternatif). This is the separate approval a licensed Indonesian broker needs before it may offer margin forex and CFD style products, so it is the permit that actually covers this broker's main business. Client protection: Brings margin forex activity inside the same segregation and reporting rules as the main broker licence.. Effective: Jul 2007.
ICDXTier 3
Indonesia Commodity and Derivatives Exchange IndonesiaTier 3Membership of Indonesia's second commodity derivatives exchange. As with the Jakarta exchange, this is required infrastructure rather than a licence in its own right. Client protection: Exchange level oversight of trades routed through it. Not a substitute for the Bappebti licence.. Effective: Mar 2025.
Offshore
Membership of Indonesia's second commodity derivatives exchange. As with the Jakarta exchange, this is required infrastructure rather than a licence in its own right. Client protection: Exchange level oversight of trades routed through it. Not a substitute for the Bappebti licence.. Effective: Mar 2025.
Membership of Indonesia's second commodity derivatives exchange. As with the Jakarta exchange, this is required infrastructure rather than a licence in its own right. Client protection: Exchange level oversight of trades routed through it. Not a substitute for the Bappebti licence.. Effective: Mar 2025.
Account Types
Trading account options
MiniMini · CentMin Deposit USD 100 • Leverage 1:500
VIPVIP · VIPLeverage 1:500
Funding Methods
Deposit & withdrawal options
VISA
Mastercard
Bank Wire Transfer
UnionPay
Trading Platforms
Professional trading tools
Social Presence
Digital community engagement
Corporate Network
Enterprise structure & relationships
PT. TRFX Garuda Berjangka
Registration
N/A
Established
N/A
Company Registration
Legal entity checked against the official company registry
Legal entity
PT Traze Andalan Futures (recorded by the regulator as formerly PT. Laba Forexindo Berjangka, formerly PT. TRFX Garuda Berjangka, formerly Garuda Berjangka PT., formerly PT Asia Pacific Futures)
Jurisdiction
Indonesia
Registry
Bappebti futures broker register (national regulator record; the Indonesian company registry was not opened)
Registered address
Sinarmas Land Plaza Sudirman, Lantai 35, Jl. Jenderal Sudirman Kav. 21, RT.010 RW.001, Kel. Karet Kuningan, Kec. Setiabudi, Jakarta Selatan, DKI Jakarta 12920, Indonesia
From our latest investigation · Verified Aug 22, 2026
View on official registryWebsite snapshots
How TRFX Garuda Berjangka's website looked when we archived it on Aug 22, 2026.


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