PT SGB-Some important Details about This Broker

General Information & Regulation

PT SGB, a trading name of PT. Solid Gold Berjangka, is allegedly a futures brokerage company established in 2002, based and regulated in Indonesia, registered and supervised by Badan Pengawas Perdagangan Berjangka Komoditi (BAPPEBTI). The broker claims to provide its clients with a wide range of multilateral and bilateral products, as well as a choice of two different investment types.

Products

PT SGB advertises that it offers both multilateral products (JFX) and bilateral products (SPA). Multilateral products include Futures Olein (OLE), Gold Futures Contract (GOL) and 250 Gram Gold Futures (GOL250), while bilateral products consist of HKK50 & HKK5U, JPK50 & JPK5U, XUL10 & XULF and more.

Investment Type

There are two investment types offered by PT SGB, namely Fixed Rate and Floating Rate. To be more specific, in terms of Fixed Rate $1 equals Rp. 10.000. While for the Floating Rate $1 equals $1 (appropriate exchange rate of USD against IDR) and no fee is charged from the opening and withdrawals of USD either partially or completely.

Deposit & Withdrawal

Withdrawal requests usually require 3 business days, but PT SGB says it will try to process within 1 day as soon as possible. Unluckily, we cant find any specific information about the deposit and withdrawal payment methods on its official website in the absence of a login.

Fees

PT SGB also charges some fees. For example, the facility fee is $15 per lot per side (buy or sell), and the total facility fee is $30 per lot settlement. For VAT (Value Added Taxi), it will charge 10% of the cost of a facility fee which is $ 1.65 per lot per side, and the total cost of VAT is $3.3 per lot settlement. As for roll over fee / storage, HKK5U and HKK50 is $3 per malam, JPK5U and JPK50 is $2 per malam, while XULF and XUL10 is $5 per malam.

Customer Support

PT SGBs customer support can be reached by phone: 021-29675088, Fax: 021-29675089, email: berjangka@solidgold.co.id. Company address: TCC Batavia, Tower One - Lt.10 Jl. KH. Mansyur Kav. 126, Jakarta Pusat 10220.