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Can I trust Kontakperkasa Futures as a reliable and secure broker for trading?

Broker Issues
Kontakperkasa Futures
Regulation
08-17
United States
WikiFX
Reply

Reflecting on my own standards for choosing a reliable broker, Kontakperkasa Futures presents a mixture of reassurance and caution flags for me. It's positive that they are regulated by BAPPEBTI in Indonesia, which means they operate under official oversight and legal requirements, a fundamental criterion I never compromise on for client fund security and recourse options. Their diverse trading product range—including forex, gold, palm oil, and stock index derivatives—suggests a well-established infrastructure designed for serious traders, and the availability of a demo account allows for risk-free practice, which I value especially for new clients. However, I can't ignore some potential downsides based on my assessment. The business scope is noted as "suspicious" in some places, which gives me pause, although specifics are not elaborated. Furthermore, there are minimal but noteworthy user reports of difficulties with withdrawals, which for me is always a significant red flag—I consider reliable, timely fund access non-negotiable. I also notice that overnight fees are present, and details about leverage are not disclosed, limiting transparency for strategic planning. For traders focused on Indonesian markets, their localized presence and regulation may offer some comfort. Still, my own approach leans toward caution: I would conduct additional due diligence and perhaps test withdrawals with smaller sums before committing substantial capital. Direct communication with their support staff and further research into their regulatory record would also be prudent steps before deep engagement.

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