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In my experience as a trader, First State Futures offers both some strengths and notable concerns. One of the broker’s main advantages is its regulation by the Indonesia Commodity and Derivatives Exchange (ICDX) and its focus on providing segregated accounts, which adds a layer of fund safety in theory. The availability of the well-known MT4 platform, along with JAFeTS NOW, gives flexibility for various trading styles. I appreciated the diversity of tradable assets, from currencies and metals to commodities and American stocks, which allowed me to explore different markets without needing multiple accounts. The presence of demo accounts was also useful for testing strategies risk-free. However, I approach First State Futures with caution for several reasons. Most critically, while the ICDX license is in place, its BAPPEBTI license has been revoked, and there are indications of a suspicious clone with a JFX license. For me, these regulatory issues raise questions regarding the broker’s oversight and stability—always a fundamental factor in safeguarding my capital. Another drawback is the inactivity fee of $50 after just 30 days of non-use, which can erode balances for part-time traders. Additionally, I found the payment options fairly limited, and information on key trading conditions (such as leverage and spreads) was lacking in detail, making transparency a concern. While execution speed seemed adequate, customer service response times could be improved according to feedback. All in all, First State Futures presents a mixed picture: there are genuine positives, but the unresolved regulatory and transparency issues mean I would proceed carefully and avoid over-committing funds.