Wikilix
Licence record

ICDX licence 049/SK/ICDX/DIR/III/2025

Holder
TRFX Garuda Berjangka
Jurisdiction
Indonesia
Last checked
Aug 22, 2026

This is Wikilix's record of a licence issued by Indonesia Commodity and Derivatives Exchange. It sets out what the register says, what we checked, and what the authority's own rules protect.

WIKILIX

Licence intelligence

RecordModified Sep 10, 2026

Licence Verification Record

Indonesia Commodity and Derivatives Exchange 049/SK/ICDX/DIR/III/2025

Wikilix read the ICDX register on Aug 22, 2026. This is what it said.

Issuing authority
Indonesia Commodity and Derivatives Exchange
Holder
PT. TRFX Garuda Berjangka
Jurisdiction
Indonesia
Effective
Mar 1, 2025
Register status
Membership, not a standalone trading licence
Checked

Checked Aug 22, 2026

A licence record describes what an authority published. It is not an endorsement, and Wikilix does not issue authorisations.

wikilix.com/licenses/indonesia-commodity-and-derivatives-exchange/trfx-garuda-berjangka/049-sk-icdx-dir-iii-2025Fields on file 6 / 11

Open TRFX Garuda BerjangkaAbout ICDX
Our check
Checked

What we checked

Nobody has adjudicated this licence yet. It is recorded here as claimed, not as confirmed.

Wikilix check
Not checked
Authority strength
Tier 3
Jurisdiction
Indonesia
Last checked
Aug 22, 2026
Register says
Membership, not a standalone trading licence

Finding

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.

A licence record describes what an authority published. It is not an endorsement, and Wikilix does not issue authorisations.
The register

What the authority publishes

Printed as the register prints it. A field that is missing here is one nobody has recorded, not one the register leaves blank.

Licence number
049/SK/ICDX/DIR/III/2025
Register status
Membership, not a standalone trading licence
Effective from
Expires
No expiry shown
The authority

About ICDX

Indonesia Commodity and Derivatives Exchange is the authority that issued this licence, and the jurisdiction it applies in is Indonesia.

Full name
Indonesia Commodity and Derivatives Exchange
Jurisdiction
Indonesia
Strength
Tier 3Lighter-touch supervision; protections vary and are often limited.
Established
1977
Oversight
A government or statutory body
Firms we track under it
17 firms
Licences it issues
Exchange venue, not a licensing authority; membership restricted to Indonesian FCMs.
Typical cost of a licence
Not specified (domestic futures exchange membership).
Public register
No public register published
Transparency
Low

ICDX is classed as an offshore regime. An offshore registration can be entirely legitimate, but it typically means lower capital requirements, no compensation scheme, and a complaint route that is harder to use from abroad.

Protection

What this licence protects

ICDX's own rules for the firms it authorises.

  • 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)
This describes the authority's regime, not how TRFX Garuda Berjangka applies it.
The holder

Who holds this licence

The licence above is recorded against TRFX Garuda Berjangka. A licence is issued to a legal company, so the companies below are what you would search a corporate register for.

Broker
PT. TRFX Garuda Berjangka
Based in
Indonesia
Operating
5-10 years
Wikilix score
29.7the firm’s overall score, not a rating of this licence

Wikilix records TRFX Garuda Berjangka as having no regulation on file. That is a finding about the firm, not about this licence — the register’s own wording above is what states this entry’s standing.

Recorded companies

None of these matches the name the register printed, so we do not say which one holds this licence.

  • PT. TRFX Garuda BerjangkaIndonesia
Provenance

Where this record came from

Every date below has already happened. We do not publish a promised next-update date, because we do not schedule per-licence re-checks.

Last checked by Wikilix
Record last edited
When this entry was last changed in our database, which may be a correction rather than a change at the register.
Wikilix records what an authority published. It does not issue or endorse authorisations.
Also on record

Other licences TRFX Garuda Berjangka holds

2 other licences are on record for TRFX Garuda Berjangka.

Frequently Asked Questions

Questions about this licence

Answered from this register entry and the authority’s own record.

Most Popular Questions

Act now rather than waiting for the site to return. Submit a full withdrawal request by telephone and in writing to the registered Jakarta address; keep dated copies of everything. Stop sending further funds, including any payment presented as a fee, tax or margin top-up needed to release a withdrawal, which is the standard pattern when a balance is not going to be paid. If the request is refused or ignored, complain to Indonesia's commodity futures regulator and to your card issuer or bank, and report it to your local police or financial-crime unit.

WIKILIX does not call it a confirmed scam, because we found no evidence of a specific fraud against a specific client. We rate it high risk and unverified. The combination that drives that rating is factual and severe: no licence that can be confirmed, no working website, no verifiable corporate registration and a single telephone line as the only route to the firm. A brand in that state should be treated as one you cannot get money back out of.

Its domain has been registered since December 2012, which is a genuinely long history for a retail brand, and it is the one point in this operator's favour. What matters more is the present: the site publishes nothing, so however long it ran, it is not demonstrably operating now.

No protection could be established. Without a confirmable licence there is no supervising authority, no segregation requirement we can point to, no compensation scheme and no external complaints route. Segregated accounts are mentioned in the historic material on record, but that is a marketing claim rather than a rule anyone enforces.

There is no way to tell, and no way to try. The operator publishes no terms of business, no restricted-countries page and no registration form, so there is no country list to read and no onboarding to test. WIKILIX therefore records no accepted and no blocked jurisdictions for this broker rather than implying it serves everyone.

By telephone on +62 21-50217217, or in writing at the SOHO Capital Office Building, Lantai 16, Unit 1607-1609, Jl. Letjen S. Parman Kav. 28, Grogol Petamburan, Jakarta Barat 11470, Indonesia. No support email, live chat, help centre or social account is published, and WIKILIX could not confirm an active physical presence at that address.

Unknown, and in practice untestable. The operator publishes no withdrawal policy, no processing-time commitment and no client portal. The only contact channel on record is the telephone number +62 21-50217217. Anyone owed funds should call, put the request in writing to the registered Jakarta address, and keep a dated record of every attempt.

The channels on record are Visa, Mastercard, bank wire transfer, Neteller, Skrill and UnionPay, in USD, EUR and GBP. No fee, minimum, maximum or processing time is published for any of them, and with no client area reachable there is no way to submit a deposit or a withdrawal request at all. That is the central practical risk here: a balance you cannot reach is a balance you cannot withdraw.

Two live tiers are on record: Mini, aimed at smaller balances with a USD 100 minimum, and VIP, aimed at larger ones with no published minimum. Demo, swap-free, segregated and managed accounts are also mentioned. No comparison table, stop-out level, margin-call level or trade-size limit is published for any of them.

MetaTrader 4 is the only platform associated with the operator, with hedging, scalping and web and mobile access. No server name and no download link are published, so there is no route to install or log in to it today.

Leverage up to 1:500 and variable spreads from 1.0 pip are the figures on record, with no separate per-lot commission disclosed. A 1.0 pip floor is wide by current standards, and 1:500 is well above what onshore regulators in most major markets permit for retail clients. Neither number is currently published in a form we could verify.

The figure on record is USD 100, attached to the entry-level Mini account. It is a historic marketing figure and it cannot be checked against a live pricing page, because the operator publishes none. Do not treat it as a current commercial term.

No. As at this review, garudaberjangka.com answers with a hosting provider's default page reading "Website is ready to be launched. Please upload your content to public_html directory." There is no homepage, no login, no account opening form and no legal documents. The /en/ path returns a 404. The domain itself has been registered since December 2012, so this is an operator that has stopped publishing rather than one that never started.

The named operator is PT. TRFX Garuda Berjangka, an Indonesian limited-liability company recorded at the SOHO Capital Office Building, Lantai 16, Unit 1607-1609, Jl. Letjen S. Parman Kav. 28, Grogol Petamburan, Jakarta Barat 11470. No directors or shareholders are disclosed anywhere we could read, and we could not reach an official Indonesian corporate register to confirm the company number, its incorporation date or its current standing.

No licence could be confirmed. WIKILIX found no forex or futures authorisation that can be shown 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, scope or expiry could be established, and the operator publishes no regulation page of its own because garudaberjangka.com serves only a blank hosting placeholder. Treat it as unregulated.

Licence 049/SK/ICDX/DIR/III/2025 was issued by Indonesia Commodity and Derivatives Exchange (ICDX), the financial authority for Indonesia.
TRFX Garuda Berjangka holds this ICDX licence. A licence on record means the authority published an entry; it is not an endorsement.
We located this entry on the ICDX register. Note that confirming a register ENTRY is not the same as confirming a live licence — the register’s own wording on this page is what states its current standing.
Wikilix rates ICDX tier 3. Supervision is lighter-touch and client protections vary.
Yes, ICDX is classed as an offshore regime. That can be a legitimate registration, but it usually means lower capital requirements, no compensation scheme, and a complaint route that is harder to use from abroad.
TRFX Garuda Berjangka has 2 other licences on record with Wikilix, across one jurisdiction. They are listed further down this page.
Still Need Help?

Can't find what you're looking for?

Our support team is here to help you get the answers you need.