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Kresna Futures

Indonesia|5-10 years|
Suspicious Regulatory License|MT4/5 full license|Regional Brokers|High potential risk|

https://kresnafutures.co.id/Home

Website

Rating Index

MT4/5 Identification

MT4/5 Identification

Full License

1
Server Name
KresnaFutures-Live MT4
Server Location Indonesia

Contact

+62 21 515 3368
enquiry@kresnafutures.com
https://kresnafutures.co.id/Home

Licenses

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

Open Now

Contact number

English

+62 21 515 3368

Broker Information

More

Company Name

PT Kresna Investa Futures

Company Abbreviation

Kresna Futures

Platform registered country and region

Indonesia

Company website

Pyramid scheme complaint

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Warning: Low score, please stay away! 2
Previous Detection : 2024-03-29
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The IndonesiaBAPPEBTI regulation (license number: 423/BAPPEBTI/SI/VII/2004) claimed by this broker is suspected to be clone. Please be aware of the risk!

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Kresna Futures · Company Summary

Basic Information & Regulation of Kresna Futures

Kresna Futures is a new commercial investment company in Indonesia and is part of the Kresna Group. As a member of the Jakarta Futures Exchange and Clearing House in Indonesia, Kresna Investa Futures provides online access to futures trading for all local and international investors, including alternative trading systems (SPA) and major commodities (Multilateral). Kresna Futures holds a retail foreign exchange license from BAPPETI Indonesia (Regulation No. 423/ BAPPEBTI/SI/VII/2004).

Security Analysis of Kresna Futures

BAPPPEBTI in Indonesia is mainly responsible for regulating the futures trading activities in Indonesia, including foreign exchange trading, exchanges, clearing agencies, and local brokers are also regulated by BAPPPEBTI. Under the management of the Indonesian Ministry of Trade, BAPPPEBTI has also established links with local banks, the national police, and other legal institutions so that the safety of investors' funds and trading activities on the Kresna Futures platform can be protected to a certain extent.

Market Instruments

The main products traded on the Kresna Futures platform are indices, foreign exchange, gold, and local commodities (cocoa, coffee, etc.).

Accounts of Kresna Futures

The Kresna Futures platform offers three types of accounts: Forex Mini account, Index Mini account, and Gold Mini account. The minimum capital required to open an account is $1,000.

Spreads & Commissions of Kresna Futures

The commission for intraday trading is $100 per lot for Forex Mini accounts and $100 per lot for overnight trading. The commission for Japan, Hong Kong, and Korea indices in the Index Mini account is $100 per lot for intraday trading and $200 per lot for overnight trading. For the Gold account, the commission is $100 per lot for both intraday and overnight trading.

Trading Platforms Available of Kresna Futures

Kresna Futures provides traders with a trading platform that is the market-leading MT4 trading platform. MT4 is currently the most popular trading platform with a user-friendly trading interface, powerful charting tools, a large number of technical indicators, and backtesting options that allow automated trading through EA's and help traders gain a favorable position in the financial markets.

Deposit and Withdrawal of Kresna Futures

To withdraw cash, traders need to sign a withdrawal request form and send it to Kresna Futures; if the withdrawal request is sent before 11 a.m., then Kresna Futures will process the client's request the same day, and the funds will be transferred to the client's account the next day after 11 a.m.

Summary

The main disadvantages of Kresna Futures are:

1. High minimum initial deposit

2. High spreads and high commissions

3. No specific deposits & withdrawals options provided


User Reviews

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Comments

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FX1100093040
more than one year
The website of this company is no longer available... Also, according to information in wikifx, the spreads and commissions are too high... I don't know who wants to operate with them. Do these conditions look attractive to Indonesian residents?
2022-12-06 10:27
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0
0
FX1082620273
more than one year
Kresna Futures is an unregulated broker. Never believe what they say, what they do may be worse than you can imagine. Stay away from them!
2022-11-29 18:10
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0
0
FX1064712686
more than one year
Stay clear of this illegal platform!!! They are a group of greedy and shameless people, purely stealing investors’ money. trading fees on this platform are extremely high, and customer support also sucks, they even cannot understand what you are taking about… simply so speechless…
2022-11-29 15:24
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