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PT Bestprofit Futures

Active

Indonesia

Registration No. 76374

Established --

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Wiki Q&A

Shoofar

1-2 years

Considering available reviews and your assessment, what is your evaluation of BPF's trustworthiness?

WikiFX Reply

In my experience as a forex trader who prioritizes regulatory scrutiny and operational transparency, BPF stands out as a broker with established credentials in Indonesia. What gives me a degree of reassurance is their dual regulation under BAPPEBTI and the Jakarta Futures Exchange (JFX), both well-recognized authorities in the local financial landscape. BPF has been operating for over a decade, which is often a positive indicator of industry longevity and ongoing compliance. For me, this is crucial because oversight can potentially minimize risks of malpractice. I am cautious, however, because the broker’s available information, especially regarding deposits and withdrawals, is rather limited. This lack of detail could be a point of concern for those who, like me, value process clarity before entrusting a broker with funds. On the plus side, I notice BPF’s trading fees are straightforward—3 points plus VAT—and demo accounts are supported, allowing for some risk-free practice. User feedback, while sparse, appears positive and supports the claim that BPF delivers on its basic functions. Personally, I find that combining regulatory credentials, company tenure, and transparent fees forms a solid foundation for trustworthiness. Yet, I would recommend a cautious approach due to the medium risk label and urge potential clients to seek more first-hand insights on account operations and fund safety before committing significant capital. For me, BPF is a legitimate, regulated broker in Indonesia, but as always, careful due diligence remains essential.

Which types of trading instruments can you access with BPF, such as forex, stocks, indices, cryptocurrencies, or commodities?

WikiFX Reply

Drawing on my own cautious approach as a trader, I took time to analyze what BPF offers in terms of trading instruments. From my experience, BPF stands out as a futures-focused broker regulated in Indonesia, with oversight from both BAPPEBTI and the Jakarta Futures Exchange (JFX). Rather than providing conventional spot forex, stocks, or cryptocurrencies, the accessible products primarily revolve around multilateral and bilateral futures contracts. For me, this means I can trade futures based on gold and olein, as well as a range of currency and index futures. The structure features both JFX-listed multilateral contracts—like gold futures (including a 250-gram variant)—and bilateral contracts covering several foreign exchange pairs (such as EUR/USD, GBP/USD, USD/JPY) and indices. While these product types might be suitable for those already comfortable with futures trading and seeking exposure to commodities and select currency contracts, I have to acknowledge that BPF does not currently provide access to single stocks or the increasingly popular cryptocurrency derivatives. In my view, the focus on regulated futures contracts via official exchanges does provide a measure of risk management and transparency, yet the absence of broader asset classes means it may not meet the needs of all traders. As always, for me, it’s essential to ensure that a broker’s product range aligns with my own trading strategies and risk tolerance.

Tom Rossito - Toronto

1-2 years

Does BPF charge a commission per lot on their ECN or raw spread account types?

WikiFX Reply

From my own research and direct experience reviewing BPF, I have not found any evidence that BPF offers specialized ECN or raw spread account types as seen with international forex brokers. Instead, their structure centers on two main account types: standard live accounts and demo accounts. When it comes to transaction fees, BPF clearly outlines a flat transaction fee model—specifically, they charge a fixed fee of 3 points per transaction plus 11% VAT, rather than the separate commission-per-lot model commonly associated with ECN or raw spread accounts elsewhere. For me, the lack of a dedicated ECN or raw account option is something to be mindful of, as it means spreads and pricing are set according to their established structure on the Pro Trader app and Indonesian exchanges. Their transparent, flat-fee approach can make costs predictable, but it’s critical to verify these details directly with their support before opening any account, since local regulatory norms in Indonesia can differ from international practices. As always, I recommend cautious due diligence, especially if you’re accustomed to international brokers with more advanced account structures.

What is the smallest sum I’m allowed to take out from my BPF account in a single withdrawal?

WikiFX Reply

Based on my experience trading with and researching BPF, I was unable to find any clear, publicly disclosed information regarding the minimum withdrawal amount on BPF’s official documentation or platform details. As a trader who prioritizes transparent terms and accessible client support, I always look for explicit figures about deposit and withdrawal policies before committing significant capital to any broker. With BPF, I noticed that while the broker is regulated by both BAPPEBTI and JFX, and generally provides a satisfactory level of operational transparency in areas like fees and account types, their lack of published detail concerning withdrawals is a point of caution for me. From my perspective, any reputable broker should make such fundamental information readily accessible, especially since withdrawal limitations can affect both trading flexibility and overall peace of mind. In practice, I’d always urge fellow traders to directly contact BPF’s customer support before making any funding decisions or executing a withdrawal request, so you can obtain up-to-date, precise information specific to your account and banking circumstances. This cautious approach helps ensure you’re not caught off guard by unexpected limits or delays.

User Reviews 2

All (2) Positive (2)

张清扬

6-10 years

Positive

My friend in Indonesia said he is using this platform and thinks it is good.

United Kingdom

I have been trading with this company for 5 months and I am satisfied and will continue to trade. I can trade the financial instruments I like! Furthermore, the various educational resources they provide are also very helpful.

2022-11-24

Mexico

No more

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BPF Review Summary
Founded	2004
Registered Country/Region	Indonesia
Regulation	BAPPEBTI, JFX
Trading Products	Multilateral & Bilateral Futures Contracts (Gold, Olein, FX pairs, Indices)
Demo Account	✅
Trading Platform	Pro Trader App (iOS & Android)
Customer Support	Phone: +62 21 2903 5005
	Fax: +62 21 2903 5132
	Email: corporate@bestprofit-futures.co.id

Pros	Cons
Regulated by BAPPEBTI and JFX	No Islamic accounts
Supports demo accounts	Limited information about deposit and withdrawal
Low fixed transaction fees (3 points + VAT)

Category	Trading Product
Multilateral (JFX)	GOLD FUTURES CONTRACT (GOL)
	250 GRAM GOLD FUTURES (GOL250)
	FUTURES OLEIN (OLE)
Bilateral (SPA)	XAG10_BBJ
	XAGF_BBJ
	HKK50_BBJ
	HKK5U_BBJ
	JPK50_BBJ
	JPK5U_BBJ
	XUL10
	XULF
	UJ1010_BBJ
	UJ10F_BBJ
	UC1010_BBJ
	UC10F_BBJ
	EU1010_BBJ
	EU10F_BBJ
	GU1010_BBJ_

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Wiki Q&A

Considering available reviews and your assessment, what is your evaluation of BPF's trustworthiness?

Which types of trading instruments can you access with BPF, such as forex, stocks, indices, cryptocurrencies, or commodities?

Does BPF charge a commission per lot on their ECN or raw spread account types?

What is the smallest sum I’m allowed to take out from my BPF account in a single withdrawal?

User Reviews 2

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