Choosing safe forex brokers as a place for you to save money which can later be used for your trading transaction needs is an important thing. The good name of the company can be one way to determine whether the broker you choose is a trusted broker.

Not only that, especially in Indonesia, the most important thing from a broker is that it is a legal best forex broker company that already has official licenses and is registered with three institutions such as Bappebti, is a member of the Futures Exchange (BBJ), and a member of the Indonesian Derivatives Clearing House (KBI).

Safe Forex Brokers Using Segregated Accounts

Apart from being registered with the regulatory body, a trusted forex broker must use a segregated account or a separate account. Before depositing money with the forex company you choose, make sure that the account owned by the forex company is registered as a separate account.

A segregated account is an account (account) that is specifically used by a broker to store and secure money for its customers. Here, the customer's money will be kept separately from the money of the company or forex broker.

This is done in order to create a clear separation between customer money and company money so that it is not used for the wrong purpose. In addition, the Segregated Account in the safe forex brokers also serves to ensure that customer money can be easily identified as belonging to the customer.

That way, if at any time there is a problem in the forex company (for example, such as bankruptcy), then your money stored in the Segregated Account will remain safe without being affected by the bankruptcy experienced by the company.

Checking Accounts via the Jakarta Futures Exchange Official Site

You can check the brokerage company's account through the official website of the Jakarta Futures Exchange. There you can see whether the brokerage account is registered or not. If it turns out that the account is not registered, you should give up your intention of choosing that broker.

If necessary, you can report the company to Bappebti by showing supporting evidence. A broker representative is a person who connects you with the broker, which aims to make it easier for you to make transactions.

In order to avoid unwanted things when depositing money with the forex company, you must deposit your money using the transfer method from the bank where you deposit money into a separate account (Segregated Account) from the safe forex brokers. Never give money to anyone from the company with the excuse of leaving money to be deposited.

Avoid Brokers that Have these Criteria

Do not use brokerage companies that provide a too high leverage, such as 1: 1000 and above, 1: 2000, and some even up to 1: 3000 and above, that is not the right broker, and they deliberately give this unreasonable leverage in order to make your funds fast run out without remaining and finally into the pocket of the dealer.

Avoid brokerage companies that give fantastic bonuses (say 30%, 50%, 100%, or more), because there is no free money in this world except for Social Foundations. The characteristics of a broker like this are giving bonuses to super big, some even 100%.

An extraordinary bonus of up to 20% more (unless there is a certain lot requirement to withdraw it) then there must be a more evil consequence. And the average brokerage company that gives this big bonus will end up making it difficult to withdraw your funds. Make sure your broker offers a reasonable bonus like Didimax forex broker.

An official regulated forex broker can be sure to have real entities and assets, not just virtual bluff. The people in his company do exist, not just names. The office address is real and can be visited. The activities of safe forex brokers as forex trading intermediaries are always monitored by the institutions and countries that shelter them.