Overview of Surya
Founded in 2018 and headquartered in Indonesia, Surya has carved out a niche in the financial trading market,the firm, which operates primarily through the widely utilized MetaTrader 4 platform, makes trading accessible to a broad spectrum of investors with a modest minimum deposit requirement of $50.
Offering spreads as low as 0 and a suite of tradable assets that encompass Forex, Commodities, Stock Indices, and CFDs, Surya tends to appeal to both novice and seasoned traders. Clients can opt for a personal account, and for those looking to acquaint themselves with the platform without financial commitment, a demo account is readily available.
While the company assures to facilitate a smooth trading journey with customer support available via phone and email, its financial transactions—both deposits and withdrawals—can be conducted through convenient modes, including debit/credit card and bank transfers. The overall posture of Surya in the market leans towards providing a user-friendly, accessible, and somewhat versatile trading environment.
Is Surya Legit or a Scam？
Surya is regulated by the Indonesia Commodity and Derivatives Exchange (ICDX), holding the license number 012/SPKB/ICDX/Dir/III/2010. ICDX, a recognized exchange that supervises various commodities and derivatives trading entities in Indonesia, provides a framework within which Surya must operate, establishing a level of credibility and adherence to specified regulatory guidelines. It is crucial for traders to verify the authenticity of the license and understand the extent of protection and compliance offered by ICDX to safeguard their interests and capital.
Pros and Cons
Pros
Regulated Platform: With the oversight by ICDX, Surya adheres to the regulatory standards, offering a level of reliability and transparency to its users.
Diverse Market Instruments: Offering a variety of tradable assets like Forex, Commodities, Stock Indices, and CFDs, Surya presents multiple trading opportunities.
Accessible Entry Point: The minimum deposit of $50 makes it financially accessible for various traders to start trading on the platform.
Low Spreads: Spreads “as low as 0” provide a potentially cost-effective trading environment, which might be particularly appealing to scalpers and high-frequency traders.
Use of MT4 Platform: Utilization of the popular and user-friendly MetaTrader 4 platform that is equipped with numerous tools for detailed market analysis and supports automated trading.
Cons
Limited Account Types: With only a personal account type available, there might be a lack of diverse account options that cater to different trading needs and strategies.
Detailed Fee Structure: The exact cost structure, additional fees, or any hidden charges might not be transparently available or detailed.
Platform Specifics: Detailed features, restrictions, or unique selling points of the trading platform might not be sufficiently outlined.
Customer Support Details: Absence of detailed information about the availability, responsiveness, and communication channels for customer support.
Education and Research: The availability and quality of educational materials and research tools are unknown, which might impact informed decision-making for traders.
Market Instruments
Surya provides its traders with a variety of market instruments across different asset classes.
Forex: Surya allows traders to engage in the foreign exchange market, providing the opportunity to trade various currency pairs. This could potentially include major, minor, and exotic currency pairs, offering both high-liquidity and niche investment opportunities.
Commodities: The platform also enables trading in the commodities market, which may encompass a variety of goods like precious metals (e.g., gold and silver), energy (e.g., oil and natural gas), and agricultural products (e.g., wheat, coffee). Traders can speculate on price movements and hedge against specific economic events in this asset class.
Stock Indices: Traders on Surya have access to stock indices, allowing them to invest in a broad segment of the stock market with a single trading position. This might include major global indices like the S&P 500, NASDAQ, FTSE, and more, providing exposure to various economic sectors.
CFD's: Contract for Differences (CFDs) trading is also available, enabling traders to speculate on the price movements of various underlying assets without owning them directly. CFDs can encompass a broad range of markets, including but not limited to, stocks, commodities, and currencies, providing versatile trading options.
These market instruments offer diverse opportunities for traders on the Surya platform to engage with different markets and employ various trading strategies. However, it is crucial to acknowledge that trading in these markets carries inherent risks and necessitates a robust understanding of each asset class and its respective market dynamics.
Account Types
Suryas offers personal account to users.It is tailored towards individual traders, providing them access to a wide array of financial markets including Forex, Commodities, Stock Indices, and CFDs. With a minimum deposit of $50, it provides an accessible entry point for novice traders or those with limited capital.
Through the MetaTrader 4 platform, users can navigate and engage with the various trading opportunities available, utilizing the platforms suite of tools for analysis and trade execution. The availability of a demo account suggests that users can also practice their trading strategies without financial risk before diving into live trading.
How to Open an Account？
Heres a generalized 5-step guide in Surya:
Visit the Official Website: Navigate to the official website of Surya. Usually, there is an option such as “Sign Up” or “Open an Account” prominently displayed on the homepage.
Fill Out the Registration Form: Locate and fill out the registration form with the required personal details, such as your name, email address, phone number, and password. Make sure to read the terms and conditions and privacy policy before proceeding.
Verify Your Email:After completing the registration form, check your email for a verification message from Surya and follow the instructions to verify your email address.
Complete the KYC Process:Log in to your newly created account and complete the Know Your Customer (KYC) process by providing the necessary identification documents, such as a government-issued ID and proof of address. This step is crucial to comply with legal requirements and ensure the security of your account.
Make a Deposit: Once your account is verified, proceed to make the minimum required deposit of $100 to activate your account for trading. Use the payment methods available on the Surya platform to fund your account.
Spreads & Commissions
Surya claims to offer spreads “as low as 0,” which indicates the potential for zero-pip spreads on specific trading pairs or under particular market conditions. The low spread might appeal to scalpers and high-frequency traders who prioritize minimizing transaction costs.
Nonetheless, it's vital for potential and current traders to scrutinize the spread conditions meticulously, understanding whether these low spreads are consistently available and which trading pairs or assets they apply to. Considering that many platforms compensate for low or zero spreads with other fees, traders should be vigilant about any applicable commissions per trade, overnight financing (or swap) fees, and any other potential charges.
Without explicit detail on whether Surya operates on a commission-free model or imposes a charge per trade (whether fixed or percentage-based), traders should ensure to validate this information directly through the platform or customer support. Understanding the full breadth of the cost structure is imperative to manage and anticipate the actual costs associated with trading on the Surya platform.
Trading Platform
Surya utilizes the MetaTrader 4 (MT4) platform, providing traders with a user-friendly and analytically robust trading environment. Known for its accessibility to traders of all levels, MT4 offers a plethora of analytical tools, such as various chart types and technical indicators, aiding in comprehensive market analysis. Traders have the option to engage in automated trading through Expert Advisors (EAs) and can trade on various devices due to MT4's multi-device compatibility.
Deposit & Withdrawal
Surya sets a relatively low barrier to entry with a minimum deposit requirement of $50, enabling a wide array of investors to explore its trading opportunities. Acceptable payment modalities for deposit and withdrawal encompass debit/credit card and bank transfer, offering a blend of convenience and straightforwardness in managing financial transactions.
In Surya, traders are urged to exercise elevated diligence and caution in managing their funds and during financial transactions. An acute understanding of the processing times, any potential fees associated with deposits and withdrawals, and the security protocols governing these transactions is imperative to safeguard ones capital.
For a comprehensive overview and specific details about deposit and withdrawal at Surya, traders should navigate to the official website or liaise directly with Surya's customer support to ensure accurate and current information. Moreover, an understanding of any safeguards, such as refund policies and protective measures in place during financial discrepancies, is vital for an informed and secure trading experience.
Customer Support
Surya endeavors to provide a communicative and accessible customer support framework for its traders, offering a blend of traditional and direct communication channels. The firm is situated at Menara Ravindo Lt.9, Kebon Sirih Kav.75, Jakarta - 10340, providing a physical reference point for clients who prioritize a localized presence. For direct inquiries and assistance, customers can engage with Suryas support team through phone communication, utilizing the contact number: 021 - 391 8855. Moreover, for documentation and formal communication, Surya avails a fax line, 021 - 391 8866, facilitating an additional medium for tangible and official correspondences.
Conclusion
Surya, a trading platform based in Indonesia, offers users access to trade various financial assets like Forex, Commodities, and CFDs using the widely recognized MetaTrader 4 platform. While the low minimum deposit and potentially low spreads may be attractive to some traders, the lack of regulation significantly elevates the risk and underscores the importance of meticulous due diligence. Traders considering Surya should weigh the potential risks and rewards, scrutinize the platform‘s transparency, and ensure that their trading strategies and capital management align securely with the platform’s offerings and limitations. Always validate information directly and consider consulting with a financial advisor.
FAQs
Q: Is Surya a regulated company？
A: No, Surya currently operates without regulation.
Q: What is the minimum deposit required to start trading with Surya？
A: To start trading with Surya, a minimum deposit of $100 is required.
Q: What types of assets can I trade with Surya？
A: Surya primarily focuses on forex trading, offering a range of economy and commodity-driven currency pairs.
Q: Which trading platform does Surya？
A: Surya employs the MetaTrader 4 (MT4) trading platform for its users.
Q: Does Surya offer a demo account？
A: Yes, Surya provides the option of a demo account allowing prospective users to familiarize themselves with the platform and trading conditions before engaging in live trading.
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