Overview of Asiapro
Asiapro is a forex broker regulated by the Commodity Futures Trading Regulatory Agency (BAPPEBTI) in Indonesia. The company holds a retail forex license and operates under the name PT Asia Pro Berjangka. While being regulated provides a certain level of oversight, Asiapro does not stand out as a leading broker in the industry and lacks unique features or services.
The broker offers a range of market instruments for trading, including Forex, gold, oil, indices, Dow Jones, and multilateral trading. However, it is important to note that there are no specific details provided regarding spreads, commissions, or minimum deposit requirements for individual instruments.
Asiapro provides three types of accounts: Standard, Variables, and Gold. These accounts offer low spreads, fast execution, and varying leverage ratios. The Gold Account includes additional features such as an account manager and access to exclusive trading signals. The broker also offers a demo account for traders to practice and familiarize themselves with the platform.
Asiapro supports the MetaTrader 5 trading platform, which is known for its user-friendly interface and a range of features. However, no positive characteristics are mentioned in the provided information.
Educational resources are available to traders, covering topics such as trader psychology, chart patterns, trading strategies, and technical analysis indicators.
Customer support is accessible through phone and email, and there is a physical office address provided for those seeking in-person assistance.
Pros and Cons
Asiapro is a regulated forex broker in Indonesia, holding a retail forex license from the Commodity Futures Trading Regulatory Agency (BAPPEBTI). While being regulated provides a certain level of protection for customer funds, Asiapro does not stand out as a leader in the industry and lacks unique features or services. Traders looking for a broker with a wider range of offerings may consider other options. Asiapro offers various market instruments, including forex, gold, oil, indices, and Dow Jones. It provides three account types with low spreads and fast execution: Standard, Variables, and Gold. Leverage options are available, with the highest leverage offered for the Standard and Variables accounts at 1:500. The Gold account requires a higher minimum deposit of $10,000 and offers additional features such as an account manager and exclusive trading signals. Deposits and withdrawals can be made through various methods, including bank transfers, telegraphic transfers, and cash deposits. Asiapro utilizes the MetaTrader 5 trading platform, known for its user-friendly interface and lack of requotes. Educational resources are available, covering trader psychology, chart patterns, trading strategies, candlesticks, and trading indicators. Customer support is provided via telephone and email, and the company has a physical office for in-person assistance.
Is Asiapro Legit？
Asiapro is a forex broker that is regulated by the Commodity Futures Trading Regulatory Agency (BAPPEBTI) in Indonesia. The company has a retail forex license number 862/BAPPEBTI/SI/1/2006 and is registered as PT. Asia Pro Berjangka d/h PT. CERDAS INDONESIA BERJANGKA d/h PT. OVERSEAS COMMERCIAL FUTURES. This means that Asiapro is subject to certain standards and regulations that help to protect customer funds. However, the company is not a leader in the industry and does not offer any unique features or services. If you are looking for a forex broker with a wider range of features and services, you may want to consider a different company.
Market Instruments
Asiapro offers a range of market instruments for trading. These instruments include:
FOREX: Asiapro provides trading opportunities in the foreign exchange market (Forex), allowing clients to trade various currency pairs. Forex trading involves the buying and selling of currencies, with the goal of profiting from fluctuations in exchange rates.
GOLD: Asiapro enables clients to trade gold, one of the most popular precious metals in the financial markets. Gold trading allows investors to speculate on the price movements of gold, taking advantage of potential price fluctuations.
OIL: Asiapro offers the opportunity to trade oil, which is a widely traded commodity in the global financial markets. Oil trading involves speculating on the price movements of crude oil, enabling investors to take advantage of potential price changes.
INDEX: Asiapro provides access to various stock market indices, allowing clients to trade on the performance of a specific market or sector. Trading indices involves speculating on the overall direction and performance of a basket of stocks within a specific market.
DOW JONES: Asiapro specifically offers trading opportunities in the Dow Jones Industrial Average (DJIA), which is one of the most widely followed stock market indices in the United States. Trading the Dow Jones allows investors to participate in the performance of 30 large publicly traded companies across different sectors.
MULTILATERAL: Asiapro facilitates multilateral trading, which refers to trading activities that involve multiple participants or countries. This could include trading agreements and transactions that involve multiple parties, promoting international trade and investment.
Account Types
Asiapro offers three account types: Standard, Variables, and Gold. All three account types offer low spreads and fast execution. The main difference between the account types is the minimum deposit requirement, leverage, and the additional features that are included.
Standard Account:
This is the basic account type offered by Asiapro. It has a minimum deposit requirement of $200, leverage up to 1:500, and spreads starting at 1 pip.
Variables Account:
This account type is similar to the Standard Account, but it offers the ability to adjust leverage. The minimum deposit requirement is also $200. Spreads start at 1 pip and execution is fast.
Gold Account:
This is the most premium account type offered by Asiapro. It has a minimum deposit requirement of $10,000, leverage up to 1:100, and spreads starting at 0.5 pip. Execution is fast. This account also includes an account manager and access to exclusive trading signals.
Asiapro also offers a demo account, allowing traders to practice and familiarize themselves with the platform and trading strategies without risking real money.
How to Open an Account ？
To open an account with Asiapro, follow these steps:
Visit the main website of Asiapro.
Navigate to the account type section and select the desired account type, such as Standard Account, Variables Account, or Gold Account.
Look for the option to “Open Account” or a similar phrase. Click on it.
4. A form will likely appear, requesting your personal information. Fill in the required details, which may include your full name, email address, country code and phone number (starting with +62 for Indonesia).
5. Review any terms and conditions or risk disclosure statements provided by Asiapro.
6. If you agree to the terms and conditions, check the box indicating your acceptance.
7. Complete the registration process by clicking on the “Submit” or “Open Account” button.
8. Optionally, if you already have an account with Asiapro, there may be a “Login” option for existing users.
Once the account is opened, you may receive a verification email. In case you don't receive the verification email, there may be an option to resend it.
Leverage
Asiapro offers leverage options to its clients. The Standard Account and Variables Account provide leverage up to 1:500, allowing traders to control larger positions in their trades relative to the amount they have invested. The Gold Account offers leverage up to 1:100, providing a slightly lower leverage ratio compared to the other account types. Leverage can amplify both profits and losses in trading, so it is important for traders to carefully consider their risk management strategies and the potential impact of leverage on their trading activities.
Spreads & Commissions
Asiapro offers different account types with varying spreads and commissions. The Standard Account and Variables Account have spreads starting at 1 pip, while the Gold Account features spreads starting at 0.5 pip. The commission for the Pro account is at least 1 USD. Please note that the specific spreads for individual instruments are not mentioned.
Minimum Deposit
Asiapro offers multiple account types with varying minimum deposit requirements. The Standard and Variables Accounts have a minimum deposit of $200, while the Gold Account requires a higher minimum deposit of $10,000. Traders can select an account type based on their preferences and trading needs.
Deposit & Withdrawal
Asiapro provides various options for depositing and withdrawing funds. Customers can choose from methods such as bank transfers, telegraphic transfers, and cash deposits. Bank transfers allow for transactions between the customer's bank account and their Asiapro trading account. Telegraphic transfers offer an electronic means of transferring funds internationally. Cash deposits can be made in person, providing a physical transaction option.
To facilitate these transactions, Asiapro has specified different bank accounts for depositing funds in both Indonesian Rupiah (IDR) and United States Dollars (USD). Bank accounts provided include BANK BCA IDR and BANK BCA USD, BANK CCB IDR and BANK CCB USD, and BANK Mandiri IDR.
Customers can refer to the provided account details to initiate deposits or withdrawals using the preferred method and currency.
Trading Platforms
Metatrader 5: Metatrader 5 is a trading platform that has succeeded its predecessor, MT4, and has been dominating the Forex market since its release three years ago. According to Metaquotes, MT5 is not just a new version of MT4 but a completely new platform with new features. The developers have carefully integrated the most successful features of MT4 while synergizing them with new features to create a new, innovative, and seamless trading experience.
Easy and Best Solution for Your Business: Successful trading begins with a functional application. MetaTrader 5 is the best choice for modern traders. It provides a user-friendly interface and a range of features.
Easy to Use and No Requotes: Trading is made easy with the best features provided by MetaTrader 5. The platform is designed to be user-friendly, allowing traders to navigate and execute trades effortlessly. Additionally, the platform ensures a seamless trading experience by eliminating requotes.
Trading Without Requotes: With MetaTrader 5, traders can enjoy the benefit of trading without requotes. This feature allows for quick and smooth trade execution, enabling traders to take advantage of market opportunities without delays or disruptions.
Trading Community Using Metatrader 5: The Metatrader 5 platform has a vibrant trading community that utilizes its features. Traders can connect with other traders, share insights, and engage in discussions to enhance their trading knowledge and strategies. The platform also offers social trading features, allowing users to copy trades from successful traders with just one click.
Educational Resources
Asiapro offers a range of educational resources to assist traders in enhancing their knowledge and skills. Here are some of the educational resources provided:
TRADER'S PSYCHOLOGY: Asiapro recognizes the importance of understanding trader psychology in achieving success in the financial markets. They provide educational materials that delve into topics such as managing emotions, developing discipline, and maintaining a balanced mindset while trading.
AUTOCHARTIST: Asiapro provides access to Autochartist, a powerful technical analysis tool. This tool helps traders identify potential trading opportunities by automatically scanning the markets and recognizing chart patterns, trend formations, and key support and resistance levels. Traders can learn how to utilize Autochartist through educational resources provided by Asiapro.
BASIC TRADING: For novice traders, Asiapro offers educational resources covering the fundamentals of trading. These resources provide a comprehensive overview of the financial markets, including key concepts, terminology, and basic trading strategies. Novice traders can benefit from these resources to build a solid foundation in trading.
CHART PATTERNS: Understanding chart patterns is crucial for technical analysis. Asiapro provides educational resources that explain different chart patterns, such as triangles, head and shoulders, and double tops/bottoms. Traders can learn how to identify these patterns and use them to make informed trading decisions.
STRATEGY IDEA: Asiapro offers educational resources that present various trading strategies and ideas. Traders can explore different approaches to trading, learn about popular trading strategies, and gain insights into market analysis techniques. These resources can help traders develop their own trading strategies or adapt existing ones.
CANDLESTICKS: Candlestick patterns are widely used in technical analysis to predict market movements. Asiapro provides educational resources that cover the basics of candlestick charting, including different candlestick patterns and their interpretations. Traders can learn how to analyze candlestick patterns and incorporate them into their trading strategies.
TRADING INDICATOR: Asiapro educates traders on different trading indicators and their applications. These educational resources explain various technical indicators, such as moving averages, oscillators, and trend-following indicators. Traders can understand how these indicators work and how to interpret their signals to make informed trading decisions.
Customer Support
Asiapro provides customer support services to assist their clients. They offer 24/5 customer support, indicating that assistance is available during weekdays. Customers can contact them via telephone at (021) 66670749 or reach out through email at contact@asiaprofx.com.
For those seeking in-person assistance, Asiapro's physical address is located at Pluit Junction Block SH-12, Pluit Raya Street No. 1, Jakarta 14440. This information suggests that customers can visit their office for direct support or inquiries.
Conclusion
In conclusion, Asiapro is a regulated forex broker based in Indonesia, holding a retail forex license from the Commodity Futures Trading Regulatory Agency (BAPPEBTI). The company offers multiple account types, including Standard, Variables, and Gold, with low spreads and fast execution. Asiapro provides trading opportunities in various market instruments such as Forex, gold, oil, indices, Dow Jones, and multilateral trading. They utilize the popular MetaTrader 5 trading platform, known for its user-friendly interface and seamless trading experience. Educational resources are available to assist traders in improving their knowledge and skills, covering topics like trader psychology, chart patterns, trading strategies, and technical analysis. Asiapro offers customer support services through telephone and email, as well as a physical office for in-person assistance. While the company is regulated and provides a range of trading opportunities, it may not offer unique features or services compared to other industry leaders. Traders seeking a wider range of features and services may consider exploring alternative brokers.
FAQs
Q: Is Asiapro a regulated broker？
A: Yes, Asiapro is regulated in Indonesia. It holds a retail forex license from the Commodity Futures Trading Regulatory Agency (BAPPEBTI).
Q: What are the account types offered by Asiapro？
A: Asiapro offers three account types: Standard, Variables, and Gold. Each account type has different minimum deposit requirements, leverage options, and additional features.
Q: How can I open an account with Asiapro？
A: To open an account with Asiapro, visit their main website, select the desired account type, fill in the required personal information in the provided form, review the terms and conditions, and complete the registration process.
Q: What trading instruments are available on Asiapro？
A: Asiapro offers a range of trading instruments, including forex, gold, oil, indices, Dow Jones, and multilateral trading opportunities.
rces. Cons may include the lack of unique features and services compared to other brokers.
Q: Does Asiapro offer leverage？
A: Yes, Asiapro offers leverage options to its clients. The Standard and Variables Accounts provide leverage up to 1:500, while the Gold Account offers leverage up to 1:100.
Q: What are the minimum deposit requirements for Asiapro？
A: The minimum deposit for the Standard and Variables Accounts is $200, while the Gold Account requires a minimum deposit of $10,000.
Q: How can I deposit and withdraw funds with Asiapro？
A: Asiapro provides various options for depositing and withdrawing funds, including bank transfers, telegraphic transfers, and cash deposits. They offer bank accounts in both Indonesian Rupiah (IDR) and United States Dollars (USD) for transactions.
Q: What trading platform does Asiapro use？
A: Asiapro utilizes the MetaTrader 5 (MT5) trading platform, which offers a user-friendly interface, advanced features, and a vibrant trading community.
Q: What educational resources are available on Asiapro？
A: Asiapro offers educational resources on trader psychology, Autochartist, basic trading concepts, chart patterns, trading strategies, candlesticks, trading indicators, and more.
Q: How can I contact Asiapro's customer support？
A: You can contact Asiapro's customer support via telephone at (021) 66670749 or through email at contact@asiaprofx.com. Their physical address is also provided for in-person support.
2024-03-26 15:44
2022-12-22 10:53
