In the world of forex trading, choosing a safe and trustworthy broker is a crucial step for traders.
One broker that is often discussed is Didimax Berjangka. This article will provide a complete review of Didimax, starting from the background, legality, advantages, to the features and services offered.
What is Didimax Futures?
Didimax Berjangka is a local Indonesian broker that has been established since 2000, making it one of the experienced brokers in the futures trading industry. This broker provides various trading instruments, such as forex, precious metals, indices, oil and multilateral commodities.
Legality
Legality is one of the important points in choosing a broker. Didimax is regulated by BAPPEBTI (Commodity Futures Trading Supervisory Agency), which is the official supervisory authority in Indonesia. Additionally, this broker is also a member of:
- Jakarta Futures Exchange (JFX).
- Indonesian Futures Clearing (KBI).
With this legality, this broker can be categorized as a safe and legal broker for traders in Indonesia to use.
Advantages of Didimax
- Akun Free Swap
This broker offers swap-free accounts for traders who trade long-term. However, this facility is only valid for the first 10 days, and after that a swap fee will be charged. - Leverage up to 1:400
This platform provides a maximum leverage of 1:400, which is flexible enough for both beginners and professional traders. - Single Account Type
Unlike other brokers which have several types of accounts, the application only provides one type of account with a minimum deposit of 10,000 USD (around IDR 155 million). - Responsive Customer Support
The app’s customer service gets positive reviews. Fast and informative response is an added value for this broker. - Interesting Prizes
Active traders can have the opportunity to win prizes such as cars, motorbikes or gadgets with certain conditions, for example trading 500 lots within two months.
Disadvantages of Didimax
- High Minimum Deposit
With a minimum deposit of 10,000 USD, Didimax tends to be less friendly for beginner traders or those who want to try trading with small capital. - Spreads That Are Not Fully Competitive
This application claims to have low spreads starting from 0 pips, but in reality, most spreads are above 2 pips, especially in the Asian session. - Quite Expensive Commission
The trading commission is 3 USD per 0.1 lot or 30 USD per lot, which is still relatively high compared to other brokers. - Limited Trading Instruments
The instruments offered only include forex, precious metals and indices. This choice is less than other brokers that offer a variety of assets such as stocks or cryptocurrencies.
Deposit and Withdrawal Process
- Deposit: This application supports transfers via local banks, such as BNI, BCA, Mandiri, and CIMB Niaga.
- Withdrawal: Withdrawing funds is claimed to take 5-10 minutes if done before 17.00 WIB. If done later, the process will be processed the next day.
Platform Trading
This application uses two main trading platforms:
- MT5 (MetaTrader 5): Suitable for trading forex and other instruments.
- Jav Score: Dedicated to multilateral trading.
Also read: Is Tiger Trade APK Proven to Pay & Safe? $1.68 New User Bonus!
Is Didimax a Scam?
In terms of legality, regulations and experience, Didimax can be categorized as a safe and legal broker and not a fraud.
However, from some of the information we obtained, it turns out that there are certain individuals acting on behalf of PT Didimax. Therefore, you have to be careful not to get tricked.
As a note, before deciding to use any broker’s services, make sure you understand the risks of trading and evaluate your needs and financial capabilities.
