Overview of Java
Java is an Indonesian trading company that has been operating since 2016. The company is regulated by BAPPEBTI (Badan Pengawas Perdagangan Berjangka Komoditi) and JFX (Jakarta Futures Exchange), which ensures a level of oversight and accountability. Java offers a wide range of tradable assets, including Forex, Indices, Metals, and Energies, providing traders with diverse investment opportunities.
To start trading with Java, traders can open a standard trading account called Titan. The minimum deposit requirement for the Titan account is USD 200, making it accessible for both beginner and experienced traders. With leverage of up to 1:200, traders can amplify their positions and potentially increase their profits.
Java utilizes the popular MetaTrader 5 (MT5) platform, known for its user-friendly interface and advanced trading features. The platform offers comprehensive charting tools, real-time market data, and the ability to automate trading strategies with Expert Advisors (EAs). Traders can also access the MT5 platform via web trader for convenient trading on the go.
In summary, Java is a regulated Indonesian trading company offering a variety of tradable assets, accessible account options, and the widely used MT5 platform. With its commitment to regulatory compliance and user-friendly trading environment, Java aims to provide a reliable and convenient trading experience for traders.
Is Java Legit？
Yes, Java is regulated by the Badan Pengawas Perdagangan Berjangka Komoditi (BAPPEBTI) under the Ministry of Trade. It is currently operating under the license number 926/BAPPEBTI/SI/8/2006. Additionally, the Java entity is also regulated by the Jakarta Futures Exchange, as indicated by the license number SPAB - 141/BBJ/08/05.
Pros and Cons
Java offers a regulated trading environment with a variety of assets and leverage of up to 1:200. The user-friendly MetaTrader 5 platform enhances the trading experience, and multiple customer support channels are available. However, there is limited information on deposit methods, trading tools, and non-trading fees. Spreads may be higher for volatile instruments. Overall, Java provides a reliable trading option with some areas for improvement.
Trading Instruments
Java offers a range of market instruments for trading, including Forex, Indices, Metals, and Energies. Here is a brief description of the specific products within each category:
Forex: Java allows trading in major currency pairs such as EUR/USD, USD/JPY, and GBP/USD. These currency pairs represent the exchange rates between the Euro and US Dollar, US Dollar and Japanese Yen, and Great British Pound and US Dollar, respectively. Traders can take advantage of the fluctuations in these currency pairs to speculate on their price movements.
Indices: Java provides access to Asian stock indices, including the Japanese Stock Index and the Hong Kong Stock Index. These indices represent the average performance of stocks listed on the respective exchanges. Traders can participate in these markets and speculate on the overall direction of the stock market in Japan and Hong Kong.
Metals: Java offers trading in Gold and Silver. The Gold product, based on the physical market in London (XAUUSD), allows traders to speculate on the price movements of gold without the need for physical delivery. The Silver product (XAGF) enables trading in silver based on the spot market, providing opportunities to benefit from the price fluctuations of this precious metal.
Energies: Java provides access to trading in Light Sweet Crude Oil (USDOIL). Traders can participate in the price movements of crude oil without physically owning the commodity. The contract size for USDOIL is 1000 barrels, allowing traders to speculate on the price of oil and potentially profit from its volatility.
Here is a comparison table of trading instruments offered by different brokers:
Account Types
Java offers a trading account called Titan, which is suitable for traders with a minimum deposit of USD 200 or USD 500 for the higher-tier account. The Titan account charges a commission of $1 or 0$ per trade and allows trading with a minimum order volume of 0.1 lot and a maximum order volume of 20 lots. Spreads on the Titan account start from 1.5 pips, and precision is provided up to 5 digits. However, on the trading products page of the Java website, Java offers the Titan account with floating spreads starting from 1.8 pips.
Traders using the Titan account have access to 24 currency pairs, OIL, Gold, and Silver. The account supports both Indonesian Rupiah (IDR) and US Dollar (USD) as deposit currencies. It offers market execution with fast order execution speed. The margin call and stop out level are set at 10%. The Titan account allows for scalping, Expert Advisors (EA), and hedging strategies. Additionally, Java provides demo accounts for traders to practice trading using virtual funds.
How to Open an Account？
Visit the Java website. Look for the “LOGIN / CREATE ACCOUNT” button on the homepage and click on it.
2. Sign up on the websites registration page.
3. Receive your personal account login from an automated email
4. Log in
5. Proceed to deposit funds to your account
6. Download the platform and start trading
Leverage
The broker is offering an average leverage limit of up to 1:200. It's important to note that while leverage can enhance potential profits, it also increases the risk of losses. Traders should carefully consider their risk tolerance and employ risk management strategies when utilizing leverage in their trading activities.
Spreads and Commissions (Trading Fees)
Java offers the Titan account with floating spreads starting from 1.8 pips. Currency pairs have average spreads ranging from 2 to 2.6 pips, while indexes have average spreads of 10 pips. Spreads can be higher for volatile instruments like metals and oil. The website advertises starting spreads of 1.5 pips in one location, but this is not accurate.
In terms of commissions, Java charges a fixed commission of $1 or $0 per trade for the Titan account. This commission is separate from the spreads and is applicable for each trade executed. The commission structure is designed to provide transparency in trading costs and ensure that traders have a clear understanding of the fees associated with their trades.
Non-Trading Fees
Java's non-trading fees include standard swap fees for holding positions overnight. These fees can be found on the broker's website under the “Product” > “Save And Scroll Costs” section. Traders should be aware of these fees, as they can impact their overall trading costs.
Deposit & Withdraw Methods
Java offers a minimum deposit requirement of USD 200 for clients. However, the broker does not provide specific information regarding the available deposit methods or any associated costs. It is assumed that at least bank wire transfers and possibly card payments are accepted as funding methods. Despite the lack of transparency in this aspect, Java aims to instill a sense of security by mentioning that client funds are held in segregated accounts. For more details on deposit methods and costs, it is advisable to contact Java's customer support.
Here is a comparison table of minimum deposit required by different brokers:
Trading Platforms
Java provides the MetaTrader 5 (MT5) trading platform to its clients. MT5 offers a user-friendly interface and customizable features for charting, order placement, and position management. The platform supports forex, futures, and spot metals trading through CFDs. Java also allows algorithmic trading using Expert Advisors (EAs) on MT5. Traders can access MT5 on their iPhones, with various chart types, time frames, and technical indicators available. Key features include EA support, copy trading, SL/TP orders, mini lots trading, partial position closure, and access to news within the platform.
In addition to the MT5 platform, Java also offers a web trader option, providing traders with the flexibility to access their accounts and trade directly through a web browser.
Overall, Java offers a range of robust trading platforms with advanced features, empowering traders to execute their strategies effectively and conveniently.
Customer Service
Java provides customer service support through various channels to assist clients with their queries and concerns. The dedicated team of customer support agents is available 24/5 to provide prompt assistance. Here are the contact options available:
1. Email: Clients can send their inquiries or messages to info@javafx.co.id.
2. Phone: Contact the customer service team at (62) 21 222 32 200 for direct assistance.
3. WhatsApp: Reach out to the customer service team via WhatsApp at (62) 813 1787 8880.
4. Fax: There is a fax number available at (62) 21 222 31 318.
5. Live Chat: Engage in live chat with the customer service team on the Java website.
Whether clients prefer to communicate via email, phone, WhatsApp, fax, or live chat, the customer service team is ready to address any issues and provide the necessary support.
Educational Resources
Java provides educational resources to help traders enhance their trading skills and knowledge.
Trading Courses: Java offers trading courses designed for traders of all levels. These courses cover a range of topics, including basic trading knowledge, introduction to technical analysis, and trading strategies and risk management. Whether you are a beginner or an experienced trader, these courses aim to provide valuable insights and guidance.
Training Videos: Traders can access comprehensive video tutorials provided by Java. These videos are designed to help traders develop their trading skills. The videos cater to traders of all levels, including beginners, intermediate, and advanced traders. By watching these videos, traders can expand their knowledge and learn practical trading techniques.
By offering these educational resources, Java aims to empower traders with the necessary knowledge and skills to make informed trading decisions. Whether traders are new to the market or seeking to improve their trading strategies, these resources can be valuable in their trading journey.
Trading Tools
Java offers the Economic Calendar as a trading tool. The Economic Calendar provides traders with important information on economic events and their potential impact on the financial markets. Traders can utilize this tool to stay updated on upcoming events, anticipate market volatility, and adjust their trading strategies accordingly. While the availability of only one trading tool may be limited, the Economic Calendar can still be a valuable resource for traders seeking to make informed decisions based on economic events and market trends.
Conclusion
Java provides a regulated trading environment with a diverse range of assets and competitive leverage. The MetaTrader 5 platform enhances the trading experience, and multiple customer support channels are available for assistance. However, there is limited information on deposit methods, trading tools, and non-trading fees. Spreads can be higher for volatile instruments. Traders should carefully consider these factors and their individual trading needs before choosing Java as their preferred trading platform.
FAQs
Q: Is Java a legitimate trading company？
A: Yes, Java is regulated by the Badan Pengawas Perdagangan Berjangka Komoditi (BAPPEBTI) under the Ministry of Trade. It is operating under a valid license.
Q: What are the available tradable assets on Java？
A: Java offers a variety of tradable assets, including Forex, Indices, Metals, and Energies.
Q: What is the minimum deposit requirement for opening a trading account with Java？
A: The minimum deposit requirement for a standard trading account called Titan is USD 200.
Q: What is the maximum leverage offered by Java？
A: Java provides leverage of up to 1:200.
Q: What trading platform does Java offer？
A: Java utilizes the MetaTrader 5 (MT5) platform, known for its user-friendly interface and advanced features.
2023-04-17 14:14
