Foreign broker representation in Indonesia

@ Keser:

1. That's right, Fxmax is an IB of FXCM USA. If FXCM USA has now been acquired by Leucadia National and renamed Global Brokerage, Inc, then Fxmax should follow the new owner. I haven't known the latest developments.
If Fxmax follows the new owner, I think it's still safe because it is still regulated by the CFTC and NFA which are credible regulatory bodies.

2. There are many, Fxmax is in Indonesian, also forexbrokerpro which is an IB of FXCM UK, there is also ecnpro which is a representative of Gain Capital in Indonesian, also InstaForex Indonesia and others..

3. Fasapay is easy and fast, while bitcoin is a type of e-currency that you can also trade.

4. When you do backtesting, Metatrader should indeed be inactive, so it can be outside broker working hours. Backtesting refers to old historical data, so it's not current data. If you want to test with current data, that means you are doing forward testing. The important thing for backtesting is to complete the old historical data.

thanks...beyat yeah boss martin :)

@ Keser:

- Oh yeah, what about credit cards,…
Answer: for relatively small deposits, it is cheaper with a credit card, but withdrawals must also be via credit card. As far as I know, FXCM non-US can use credit cards (FXCM US is now renamed to Global Brokerage Inc). For brokers in the US now, it may not be possible with credit cards.

- Is Fasapay relatively safe? Is there a possibility of something like the LR case happening?
Answer: it is still safe at the moment, but who knows for the future..

- If using Fasapay, what broker would you recommend? One that has a representative in Indonesia and is credible…
Answer: You can choose for yourself at Forex Broker Review. Regarding credibility, we recommend choosing a broker that is already regulated by an internationally credible regulatory body such as CFTC, NFA, FCA, FSA, FINMA, MIFID, ASIC and FMA. Credible regulatory bodies are those that have been tested and internationally recognized, and provide strict sanctions to brokers if they violate agreed terms.

- Fxmax is an Indonesian IB of FXCM USA, also forexbrokerpro which is an IB of FXCM UK. Are there any other FXCM representatives in Indonesia?...
Answer: there used to be Interbankpro, a representative of FXCM US.

- Could you please recommend other brokers like FXCM that have a representative in Indonesia? One that is easy, simple, and credible…
Answer: you can monitor it yourself at Forex Broker Review as in the previous answer. Currently, most brokers are not complicated because if they are too complicated, they won't sell..

1. For brokers in the US, it might not be possible with credit cards
   So, if you want to trade with a regulated broker in the USA with small funds, let's say $100 - $200 (while practicing), how about deposits and withdrawals? Meanwhile, if you use wire transfer, the fees are too high. Sorry, a bit chaotic...e-payment???? can you explain.....hihi.. 
2. Fasapay is relatively safe, right? Is there a possibility of something like the LR case happening?
   Answer: it's still safe at the moment, but who knows for the future..
   As far as I know, Fasapay has offices in Singapore and Yogyakarta. Is that true? What about Alpari broker?...is it possible to use Fasapay?
3. SF often publishes articles about Alpari broker, which Alpari is it referring to seh? Is it safe? Which Alpari IB is more reliable alparigroup or alpari-forex.org?
4. Is there a FXCM representative in Indonesia from Australia or Hong Kong? If you could tell me the name?
5. I have opened the interbankpro website. They claim low spreads, even very small, below 1 pip, and an NDD broker without charging commissions. So how do they make a living?
6. Boss Martin, which one do you recommend between brokerforexpro and interbankpro?
7. Among the brokers FXCM, IG Markets, Alpari US, OANDA, which ones can Boss Martin recommend in terms of service quality (mt4, CS support, etc.), no/minimal requotes, rare slippage (spreads too wide), low spreads, low commissions) and ease of deposit and withdrawal for retail traders with small funds under $1000?

Thank you very much, Boss Martin

@ Keser:

1. Try to find one that accepts PayPal, Neteller or Skrill, the fees might be cheaper than wire transfer.
Regarding payment with e-currency: if the e-currency company scams you, where will you complain?

2. Regarding Fasapay, as far as I know it is still safe at the moment, but if something happens later, where will you complain?
For Alpari broker, I happen not to be their IB, so I can't provide a direct answer. According to the profile specifications, it can be with Fasapay.

3. According to the response given by Alpari, these are two different Alpari sites, but in Indonesia they are more focused on alpari-forex.org.

4. I don't know. For FXCM Australia you can see at fxcm.com/au/
5. Living from the spread, of course you have to chase turnover in order to stay alive.

6. Maybe you mean forexbrokerpro not brokerforexpro. If forexbrokerpro is a representative of FXCM UK, you can try it. For interbankpro I don't know much now, it used to be a representative of FXCM US.

7. FXCM and OANDA are okay. Alpari US (USA) no longer exists, it was previously taken over by FXCM US, and now FXCM US has been renamed Global Brokerage Inc.

Is it better to register on fxmax or forexbrokerpro?

To Ridwan,

FXMax and Forex Broker Pro are both representatives of the reputable broker FXCM. The difference is that FXMax uses liquidity providers and the label of FXCM USA. Whereas Forex Broker Pro uses liquidity providers and the label of FXCM UK.

Because FXMax and Forex Broker Pro come from different labels, there will naturally be differences in account situations and trading specifications (such as liquidity providers, spreads, etc.). However, regarding the security of funds with the FXCM broker, there is no doubt.

Hopefully this helps.