Is Weltrade DD or NDD?

@ Ahmad Arif:
I think DD Pak. As far as I know, no one has had problems with that broker so far, but if problems arise, you will have difficulty filing a complaint or withdrawing your funds because it is only regulated by IFSC from Belize, not by an internationally credible regulatory body such as CFTC, NFA, FCA, ASIC, etc.

I think it's okay to trade with funds that aren't large. If the funds are large, it's better to go with a large broker that has been regulated by a credible regulatory body.

If I want to trade with a large fund, which broker is best for me that is safe, sir? Please provide an explanation. Thank you.

@ Ahmad Arif:
For our brokers we recommend those that are already regulated by a credible international regulatory body, namely:
- Commodity Futures Trading Commission (CFTC) - United States,
- National Futures Association (NFA) - United States,
- Financial Services Authority (FSA) - European countries and Japan,
- Financial Conduct Authority (FCA) - England,
- Swiss Financial Market Supervisory Authority (FINMA) - Switzerland,
- Australian Securities and Investment Commission (ASIC) - Australia,
- Financial Markets Authority (FMA) - New Zealand.

A credible regulatory body is one that has been tested and is internationally recognized, and provides strict sanctions to its members if they are found to have violated agreed-upon provisions. By trading with these regulated brokers, if there is a problem with the broker, or the broker is caught cheating, you can report it to the regulatory body (of course with valid evidence).

You can see a list of broker companies that are members of a regulatory body directly on their website, such as a list of brokers registered with the CFTC can be seen on the CFTC website, and also for other regulatory bodies. One of the large brokers that is credibly regulated is broker FXCM.
You can also see reviews of several brokers that are widely known in Indonesia at: List of Popular Forex Brokers in Indonesia and Forex Broker Reviews.

Among these regulated brokers, you should determine for yourself which one to choose after trying it through a demo account, because the criteria for each trader's suitability to a broker are different. Some prefer low spreads and high execution speed (for scalpers) or some like brokers that rarely requote, etc.

Sorry Mr. Martin, I would like to ask... regarding the broker INTI MAKMUR. What is the profile of that broker according to Mr. Martin? And is that broker reliable? Thank you in advance for your advice and answer.

@ Ahmad Arif:
PT. Inti Makmur Berjangka is one of the local brokers regulated by Bappebti (Commodity Futures Trading Supervisory Agency). Its products include forex, stock indices and commodities (gold, WTI oil, etc.). This broker was established in 2011 and still exists to this day.

Personally, I prefer trading with foreign brokers that are properly regulated. There used to be several brokers that had problems and their licenses were revoked by Bappebti.

If there are friends who used to trade with those brokers whose licenses were revoked, you can ask if their funds can be withdrawn. Besides that, as far as I know, no professional and experienced traders have ever traded with local brokers.