To Umar Jayadi,,
Safe size is very relative, depending on the intent and purpose. Money saved at a broker and then traded has the potential to be lost or to incur a loss. Loss can occur due to trader activity or broker bankruptcy. If the claim refers to insurance claims due to broker bankruptcy, you can choose a broker that provides insurance claim guarantees. To ensure this, you can ask the broker in question.
Thanks
@ Umar Jayadi:
For security, we recommend you trade with a broker 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) - United Kingdom,
- 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 imposes strict sanctions on its members if they are found to violate agreed-upon provisions. By trading with these regulated brokers, if there is a problem with the broker, or the broker is found to be fraudulent, you can report it to the regulatory body (of course with valid evidence).
These regulatory bodies are also responsible for the security of client funds, including the return of remaining client funds if the broker goes bankrupt.
Regarding the brokers you asked about, here is our explanation:
InstaForex Hong Kong: If you want to trade with InstaForex, Indonesian customers will be redirected to an IB in Indonesia, of which there are quite a few. InstaForex Hong Kong is one of the server options according to your account number. As far as I know, this broker has not been regulated by a specific regulatory body to date, only under the Russian local association RAFMM (the Russian Association of Financial Market Members). You can read the review at: InstaForex Broker Review and Profile Although not yet regulated, many traders in Indonesia trade with this broker.
Firewoodfx: This broker is also not regulated by a specific regulatory body, only registered with the St Vincent and The Grenadines Financial Service Authority, the country of St Vincent and The Grenadines. You can read the review at: FirewoodFX Broker Profile and Review
SalmaForex: From the regulation, this broker is only regulated by IFSC Belize, so in my opinion it is less credible. But if you want to try with not too much money, it's okay (from the information we obtained, the minimum deposit here is USD 100).
Overall, in my opinion, if you want to trade with these 3 brokers with not much money it is still safe. Large funds are relative, depending on your own assessment. Some traders consider funds of USD 10,000 to be very large, some consider it large enough and some consider it small.