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Suspicious Clone
Score
1.53 /10
Danger
TRFX GARUDA BERJANGKA
5-10 yearsSuspicious Regulatory License
Suspicious Scope of Business
High potential risk
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Comparison
Expose
Exposure
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Website
Score
Regulatory Index0.00
Business Index7.17
Risk Management Index0.00
Software Index4.00
License Index0.00
Open Account
Website
Licenses
VPS Standard
No restriction on the broker account. Support service provided by WikiFX
Single Core
1G
40G
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Warning: Low score, please stay away!
2
Previous Detection :
2024-09-22
- It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
- The IndonesiaBAPPEBTI regulation (license number: 661/BAPPEBTI/SI/IV/2005) claimed by this broker is suspected to be clone. Please be aware of the risk!
WikiFX Verification
Note: TRFX GARUDA BERJANGKA's official website: https://garudaberjangka.com/ is currently inaccessible normally.
Based in Indonesia, RFX GARUDA BERJANGKA is ECN/ STP type of broker. It claims to offer forex trading via MT4. Both live accounts (minimum deposit $100) and demo accounts are provided. However, their license is regarded as fake clone and its website is not accessible.
Pros and Cons
| Pros | Cons |
| MT4 provided | Inaccessible website |
| Acceptable minimum deposit | Suspected fake clone license of BAPPEBTI |
| Various types of accounts provided | Limited contact channels |
| High spreads |
Is TRFX GARUDA BERJANGKA Legit?
TRFX GARUDA BERJANGKA claims it is regulated by Badan Pengawas Perdagangan Berjangka Komoditi Kementerian Perdagangan (BAPPEBTI). But now, the license has been regarded as fake clone one. Besides, its official website is not available. These can doubt the credibility of itself.
| Regulatory Status | Suspicious clone |
| Regulated by | Indonesia |
| Licensed Institution | PT. LABA FOREXINDO BERJANGKA D/H PT. TRFX GARUDA BERJANGKA D/H GARUDA BERJANGKA PT. D/H ASIA PACIFIC FUTURES |
| Licensed Type | Retail Forex License |
| Licensed Number | 661/BAPPEBTI/SI/IV/2005 |
Account Type
TRFX GARUDA BERJANGKA offers two live accounts --- Mini account for small traders and VIP Account for big traders. Besides, there are also demo accounts for training, and there are Swap Free, Segregated and Managed Accounts.
TRFX GARUDA BERJANGKA Fees
TRFX GARUDA BERJANGKA requires minimum deposit of $100, the maximum leverage of 1:500 and the spreads from 1.0 pips, which are higher than regular brokers.
Trading Platform
In TRFX GARUDA BERJANGKA, the MetaTrader 4 platform is utilized. It also offers functions such as hedging, scalping, and web/mobile trading, along with news trading. Additionally, support for clients in Indonesia is provided.
Deposit and Withdrawal
TRFX GARUDA BERJANGKA accepts several currencies, including USD, EUR, and GBP. For transactions, clients can use payment methods such as Visa, Mastercard, bank wire transfer, Neteller, Skrill, and UnionPay for deposits and withdrawals.
Customer Service
TRFX GARUDA BERJANGKA only supports phone channel to contact.
| Contact Options | Details |
| Phone | +62 21-50217217 |
| ❌ | |
| Support Ticket System | ❌ |
| Online Chat | ❌ |
| Social Media | ❌ |
| Supported Language | ❌ |
| Website Language | ❌ |
| Physical Address | SOHO CAPITAL Office Building Lantai 16 Unit ( 1607 – 1609 ) Jl.Letjen S Parman Kav 28 Grogol, Petamburan, jakarta Barat Indonesia 11470 |
The Bottom Line
In conclusion, RFX GARUDA BERJANGKA is the broker with higher risks. Although it offers MT4, many accounts like other regular brokers, its license is suspected as fake clone and their official can not be accessible. Therefore, you can choose other brokers who regulated well.
FAQs
Is TRFX GARUDA BERJANGKA safe?
No, because of its fake clone license and unavailable website.
Is TRFX GARUDA BERJANGKA a good for beginners?
No. Beginners can find another broker who are regulated well and more transparently.
What security measures does TRFX GARUDA BERJANGKA have in place to protect my funds and personal information?
No.
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