General Information
Premier Equity Futures is an Indonesian brokerage company established in 2004, providing its customers with trading in commodity derivative contracts, stock index and foreign exchange, as well as a transaction system and 24×5 customer support services.
One of the key features of Premier Equity Futures is its diverse range of market instruments available for trading. Traders can participate in the forex market, taking advantage of currency movements and economic conditions to make informed trading decisions. Additionally, the company offers futures contracts and scroll contracts, allowing traders to speculate on the price movements of various commodities, indices, and financial instruments. This wide selection of market instruments enables traders to diversify their portfolios and capitalize on different market opportunities.
Premier Equity Futures also offers multiple trading account types to cater to the diverse needs of traders. From the Premier Account with lower initial deposits and competitive trading conditions, to the Standard Account for a balance between deposit requirements and trading conditions, and the Pro Account designed for experienced traders or those with larger trading capital, the company provides flexibility and options for traders at different levels of experience and capital. Furthermore, the company provides a range of trading tools, educational resources, and a reliable MetaTrader 5 platform to enhance the trading experience.
Pros and Cons
Premier Equity Futures offers several advantages that make it an attractive choice for traders. Firstly, the company provides a regulated trading environment. Secondly, Premier Equity Futures offers a diverse range of market instruments, including forex, futures contracts, and scroll contracts, allowing traders to access various markets and capitalize on different opportunities. This enables portfolio diversification and flexibility. Additionally, the availability of multiple trading account types caters to the needs of traders at different levels of experience and capital. Lastly, the company provides a user-friendly MetaTrader 5 platform and additional trading tools to enhance the trading experience and assist traders in making informed decisions.
Despite its strengths, there are a few areas where Premier Equity Futures can improve. One notable drawback is the limited availability of information regarding trading fees and commissions on the company's website. Clear and transparent pricing information is crucial for traders to evaluate the cost-effectiveness of trading with the broker. Additionally, while Premier Equity Futures offers educational resources, the depth and comprehensiveness of these materials could be enhanced to better support traders' learning and skill development. Lastly, it is worth noting that Premier Equity Futures primarily caters to Indonesian traders, which may limit its accessibility to international traders seeking a brokerage with a broader global presence.
Is Premier Equity Futures Legit？
Based on the information provided, Premier Equity Futures is a regulated brokerage company in Indonesia. It holds a retail forex license issued by Badan Pengawas Perdagangan Berjangka Komoditi Kementerian Perdagangan (Ministry of Trade's Commodity Futures Trading Regulatory Agency) with license number 443/BAPPEBTI/SI/VIII/2004. It is also registered with Jakarta Futures Exchange under license number SPAB-075/BBJ/06/04.
According to the alert, it states that the broker does not have a trading software. This raises a red flag and suggests caution. It is recommended to conduct further research and due diligence to ensure the legitimacy and reliability of Premier Equity Futures before engaging in any financial transactions with them.
Market Instruments
Premier Equity Futures offers a range of market instruments for trading. These instruments include:
Forex: Forex trading involves the online trading of currencies from various countries with the aim of making a profit. The forex market has a daily trading volume of over 5 trillion dollars, making it one of the most active and liquid markets worldwide. Traders can take advantage of economic conditions and monetary policies to project currency movements and make informed trading decisions.
Futures Contracts: Futures contracts are agreements between two parties to buy or sell an underlying asset at a predetermined price in the future. Before entering into a futures contract, both parties are required to deposit an initial margin. These contracts have a limited time duration, and the position must be closed at any price determined by the exchange. Futures contracts allow traders to speculate on the price movements of various commodities, indices, or other financial instruments.
Scroll Contracts: Scroll contracts, also known as rolling spot contracts, involve trading at the current spot price rather than a future price. Unlike futures contracts, scroll contracts do not have a fixed expiration date. Traders can continuously trade and roll over positions until they take the opposite position. Settlement for scroll contracts is typically done in cash.
In addition to these market instruments, Premier Equity Futures provides specific trading options within each category. For example, in the Forex market, traders can engage in single currency trading (e.g., USD/JPY, EUR/USD) or cross-currency trading (e.g., AUD/JPY, EUR/GBP). The company also offers trading opportunities in precious metals like gold (XAU/USD) and silver (XAG/USD).
For futures contracts, Premier Equity Futures offers a variety of options such as trading the Hang Seng index (HKJ50_BBJ), Dow Jones, Nasdaq, S&P 500, Crude Oil, and more.
Pros and Cons
Account Types
Premier Equity Futures offers three main types of trading accounts: Premier Account, Standard Account, and Pro Account. Each account type caters to different trading needs and preferences. Here is a description of each account type:
1. Premier Account: The Premier Account is designed for traders who prefer lower initial deposits and competitive trading conditions. It requires a minimum deposit of US$300. The leverage offered is 1:400, allowing traders to amplify their trading positions. The minimum transaction volume starts from 0.1 lot, and the spread is as low as 1.2 pips. The account is subject to a $3 commission per lot traded. Traders using the Premier Account have access to the MetaTrader 5 platform, enabling them to trade, deposit funds, and withdraw funds. Additionally, the account provides access to trading signals and other tools to enhance the trading experience.
2. Standard Account: The Standard Account is suitable for traders who seek a balance between initial deposit requirements and trading conditions. It requires a minimum deposit of US$2,500. The leverage offered is 1:100. The minimum transaction volume starts from 0.1 lot, and the spread starts from 1.5 pips. Similar to the Premier Account, the Standard Account is subject to a $3 commission per lot traded. Traders using the Standard Account have access to the MetaTrader 5 platform and can utilize trading signals and other tools provided by Premier Equity Futures.
3. Pro Account: The Pro Account is designed for experienced traders or those with larger trading capital. It requires a minimum deposit of US$10,000. The leverage offered is 1:100, similar to the Standard Account. The minimum transaction volume starts from 0.1 lot, and the spread starts from 1.5 pips. However, the commission per lot traded is slightly higher at $5. Traders using the Pro Account have access to the MetaTrader 5 platform and can enjoy the same trading, deposit, and withdrawal functionalities offered by Premier Equity Futures. They also have access to trading signals and additional tools to support their trading strategies.
Premier Equity Futures emphasizes the security of customer funds by storing them in segregated accounts at leading Indonesian banks, in accordance with regulations set by BAPPEBTI (Badan Pengawas Perdagangan Berjangka Komoditi) - the Indonesian Commodity Futures Trading Regulatory Agency. This ensures that customer funds are kept separate from the company's operating funds, providing an extra layer of protection for traders.
Additionally, Premier Equity Futures offers demo accounts, allowing traders to practice and familiarize themselves with the trading platform and conditions before committing real funds.
How to Open an Account？
To open an account with Premier Equity Futures, follow these steps:
1. Visit the Premier Equity Futures website: Go to the official website of Premier Equity Futures.
2. Click on the “Daftar” (Register) button: Look for the registration or sign-up button on the website's homepage.
3. Fill out the registration form: Provide the required information in the registration form. This typically includes your full name, email address, password, gender, marital status, date of birth, and phone number. You may also need to select the type of product or account you wish to open, specify your province, occupation, and enter a referral code if applicable.
4. Review and agree to the terms and conditions: Make sure to read and understand the terms and conditions presented by Premier Equity Futures. If you agree, check the box or provide your consent to proceed.
5. Submit the registration form: Once you have filled in all the necessary details, click on the submit or register button to send your registration form to Premier Equity Futures.
6. Verification and account activation: After submitting the registration form, you may need to go through a verification process to confirm your identity and account details. This may involve providing additional documentation as requested by Premier Equity Futures.
7. Account activation: Once your registration and verification process is complete, Premier Equity Futures will activate your account. You will receive confirmation and login credentials to access your trading account.
It's important to note that the specific steps and requirements for opening an account with Premier Equity Futures may vary. It's advisable to refer to the company's official website or contact their customer support for the most accurate and up-to-date information on account opening procedures.
Leverage
Premier Equity Futures offers leverage options for traders across its different account types. Leverage allows traders to amplify their trading positions and potentially increase their profits or losses. The leverage offered by Premier Equity Futures varies depending on the account type, with the Premier Account and Standard Account offering a leverage of 1:400 and the Pro Account offering a leverage of 1:100. Leverage can be a useful tool for traders to enhance their trading potential, but it's important to note that higher leverage also increases the risk involved in trading. Traders should carefully consider their risk tolerance and trading strategy when utilizing leverage.
Spreads & Commissions
The exact spreads and commissions may vary depending on the specific account type and trading instrument. However, the Premier Account, for example, has a low spread starting from 1.2 pips, while the Standard and Pro Accounts have spreads starting from 1.5 pips. Additionally, there is a commission per lot traded, which is $3 for the Premier Account and $5 for the Pro Account. These spreads and commissions enable traders to have cost-effective trading conditions while participating in the financial markets through Premier Equity Futures.
Deposit & Withdrawal
Premier Equity Futures (PEFx) offers deposit and withdrawal processes for their clients. When it comes to making a deposit or topping up your trading account, PEFx follows the instructions and information provided during the transaction via the bank. It is essential to ensure that the message in the notification matches the one given during the bank transaction. PEFx does not accept deposits with unclear origins or from third-party sources.
To deposit funds into your PEFx account, you can transfer money from your registered bank account to PEFx's bank account using the “Pindah Buku” or fund transfer option. It is important to include relevant information or notes during the transfer, particularly your PEFx trading account number. This helps ensure smooth processing and allocation of the funds. Once your deposit is received and verified, your account balance will automatically increase, and the funds will be categorized as “Good Fund.”
When it comes to withdrawals, PEFx provides a simple procedure. To initiate a withdrawal, log in to your PEFx client area and fill out the withdrawal form provided. Follow the instructions and provide the necessary details as requested. After submitting the form, wait for your PEFx trading platform balance to decrease accordingly. The withdrawal process will transfer the requested funds to the bank account that you registered during the account opening process.
It is important to note that withdrawals are typically processed on business days, and any withdrawal requests made after 12:00 PM (WIB) will be processed on the following business day. While PEFx does not charge any fees for the withdrawal process, it is worth mentioning that any administrative fees imposed by banks will be borne by the customer. These fees will be automatically deducted from the withdrawn funds by the respective bank.
Please keep in mind that the exact timeframe for the funds to reach your bank account may vary, as it depends on the bank's processing procedures, which are beyond PEFx's control. It is recommended to check your bank account for the credited amount after the withdrawal process is complete.
Pros and Cons
Trading Platform Available
Premier Equity Futures exclusively offers the MetaTrader 5 (MT5) as its trading platform. MT5 is renowned as one of the best electronic trading platforms and is widely utilized by traders worldwide. With MT5, traders can monitor market conditions, execute trades, and access a range of trading tools and features.
The MT5 platform provided by Premier Equity Futures allows traders to trade conveniently from anywhere and at any time. Whether you prefer trading on a computer or smartphone, you have the flexibility to access the platform and manage your trades. Premier Equity Futures offers downloadable software versions of the MT5 platform for Windows and MacOS operating systems, as well as mobile applications for iOS and Android devices.
By offering the MT5 platform, Premier Equity Futures ensures that traders have access to a robust and reliable trading environment. MT5 is equipped with advanced charting capabilities, technical analysis tools, customizable indicators, and various order types, enabling traders to implement their trading strategies effectively. The platform also provides real-time market data, news updates, and trade execution with low latency, contributing to a seamless trading experience.
Whether you prefer trading from your desktop computer or on the go using your mobile device, Premier Equity Futures supports both options through the versatile and feature-rich MetaTrader 5 platform.
Trading Tools
Premier Equity Futures offers several trading tools to assist their clients in making informed trading decisions. Here are some of the trading tools available:
1. Market News: Premier Equity Futures provides regular market news updates to keep traders informed about the latest developments in the financial markets. These news articles cover various topics, including market trends, economic indicators, and events that may impact market movements.
2. Daily Market Analysis: Clients have access to daily market analysis reports, which provide insights into market trends, technical analysis, and potential trading opportunities. These reports help traders stay updated on market conditions and make informed trading decisions.
3. Weekly Market Analysis: Premier Equity Futures also offers weekly market analysis reports that focus on broader market trends, fundamental analysis, and major economic events. These reports provide a comprehensive overview of the market landscape and can assist traders in identifying potential trading strategies.
4. Economic Calendar: Premier Equity Futures provides an economic calendar that highlights upcoming economic events, announcements, and data releases. The calendar helps traders anticipate market movements and volatility associated with specific economic indicators, allowing them to plan their trading activities accordingly.
5. Trading Signals: Premier Equity Futures may offer trading signals or recommendations based on technical analysis or other market indicators. These signals can help traders identify potential entry and exit points for their trades.
Educational Resources
Premier Equity Futures provides several educational resources to enhance traders' knowledge and understanding of the market. Here are some of the educational resources offered:
1. Market News: Premier Equity Futures shares market news updates to keep traders informed about the latest developments in the financial markets.
2. Webinars: Premier Equity Futures conducts webinars to provide additional knowledge, trading strategies, and updates on current events. These webinars are designed to help traders improve their understanding of the market.
3. Glossary of Futures Trading Terms: Premier Equity Futures provides a comprehensive glossary of terms related to futures trading. This resource can be helpful for traders, especially those new to the industry, to familiarize themselves with commonly used terminology.
4. Ebook on Futures Trading: Premier Equity Futures offers an ebook on futures trading, providing valuable insights and information to traders. The ebook covers various aspects of futures trading and may serve as a guide for traders at different skill levels.
Conclusion
In conclusion, Premier Equity Futures offers a range of market instruments and account types to cater to traders with different needs and preferences. With a regulated status and adherence to industry standards, the company emphasizes the security of customer funds through segregated accounts. The MetaTrader 5 platform provides a robust trading environment, complemented by various trading tools and educational resources. However, it is essential to exercise caution due to the absence of a trading software and conduct further research to ensure the legitimacy and reliability of the broker. Additionally, some disadvantages include potential withdrawal fees imposed by banks and limited customer support channels. Traders should weigh these factors alongside the advantages when considering Premier Equity Futures as their brokerage provider.
Customer Support
Premier Equity Futures provides customer support services to assist traders with their inquiries and concerns. There are several channels through which customers can reach out for support.
1. Telephone: Customers can contact Premier Equity Futures' customer support team by phone at +021 5030 1028. By calling this number, traders can speak directly with a customer support representative and receive assistance in real-time.
2. Email: For non-urgent inquiries or detailed requests, customers can reach out to Premier Equity Futures' customer support via email at compliance@premierequityfutures.co.id. Traders can explain their queries or concerns in writing and expect a response from the customer support team in a timely manner.
3. Company Address: Premier Equity Futures' physical address is AXA Tower Lt. 39 Suite 06, Jl. Prof. Dr. Satrio Kav. 18, Kuningan, Setiabudi, Jakarta Selatan 12940. Customers who prefer face-to-face communication or need to send physical documents can visit or mail their correspondence to this address.
In addition to these contact methods, Premier Equity Futures may also provide support through other communication channels such as social media platforms like Facebook. Traders can check if Premier Equity Futures has an official Facebook page or other social media presence to stay updated on news, announcements, and potentially engage with the company's support team.
FAQs
Q: Is Premier Equity Futures a legitimate brokerage company？
A: Based on the information provided, Premier Equity Futures is a regulated brokerage company in Indonesia. It holds a retail forex license issued by Badan Pengawas Perdagangan Berjangka Komoditi Kementerian Perdagangan (Ministry of Trade's Commodity Futures Trading Regulatory Agency) with license number 443/BAPPEBTI/SI/VIII/2004. It is also registered with Jakarta Futures Exchange under license number SPAB-075/BBJ/06/04. However, caution is advised, as there are red flags regarding the absence of a trading software, and further research is recommended to ensure the legitimacy and reliability of Premier Equity Futures.
Q: What market instruments does Premier Equity Futures offer for trading？
A: Premier Equity Futures offers a range of market instruments for trading, including forex, futures contracts, and scroll contracts. These instruments allow traders to participate in the forex market, speculate on the price movements of commodities, indices, and other financial instruments, and engage in trading at the current spot price.
Q: What are the pros and cons of trading with Premier Equity Futures？
A: Premier Equity Futures offers pros such as diverse market instruments, competitive trading conditions, access to the MetaTrader 5 platform, and security of customer funds through segregated accounts. However, potential cons include red flags related to the absence of a trading software and the need for further research to ensure legitimacy.
Q: What types of trading accounts does Premier Equity Futures offer？
A: Premier Equity Futures offers three main types of trading accounts: Premier Account, Standard Account, and Pro Account. Each account type caters to different trading needs and preferences, with varying minimum deposits, leverage, transaction volumes, spreads, and commissions.
Q: How can I open an account with Premier Equity Futures？
A: To open an account with Premier Equity Futures, visit their official website and click on the “Daftar” (Register) button. Fill out the registration form with the required information, review and agree to the terms and conditions, submit the form, go through the verification process if required, and wait for your account to be activated.
Q: What are the deposit and withdrawal processes with Premier Equity Futures？
A: Premier Equity Futures allows deposits via fund transfer from registered bank accounts. It is important to include relevant information during the transfer, such as your trading account number. Withdrawals can be initiated through the client area on Premier Equity Futures' website by filling out the withdrawal form. Withdrawals are typically processed on business days, and any administrative fees imposed by banks will be borne by the customer.
Q: What trading platform does Premier Equity Futures offer？
A: Premier Equity Futures exclusively offers the MetaTrader 5 (MT5) as its trading platform. MT5 is a popular and widely used platform known for its advanced features, real-time market data, and reliable trade execution.
Q: What trading tools are available with Premier Equity Futures？
A: Premier Equity Futures offers various trading tools, including market news updates, daily and weekly market analysis reports, an economic calendar, and potentially trading signals or recommendations based on technical analysis.
Q: What educational resources does Premier Equity Futures provide？
A: Premier Equity Futures provides market news updates, webinars, a glossary of futures trading terms, and an ebook on futures trading to enhance traders' knowledge and understanding of the market.
