Trijaya-Some Detailed Information about This Broker

TPFX Information

TPFX is an Indonesian forex broker founded in 2004, regulated by BAPPEBTI. It offers a range of account types and supports both MT4 and MT5 platforms. The broker provides flexible spreads and swap-free options but lacks transparency on minimum deposit requirements.

Pros and Cons

Is TPFX Legit?

TPFX is a legitimate and regulated forex broker. It is supervised by BAPPEBTI (Badan Pengawas Perdagangan Berjangka Komoditi), which operates under the Ministry of Trade of Indonesia. The company holds a Retail Forex License with the license number 407/BAPPEBTI/SI/VII/2004.

What Can I Trade on TPFX?

TPFX offers a range of trading products, including multiple currency pairs, 3 commodities (Gold, Silver, Oil), and 5 major stock indices. These instruments cover key global markets through Forex, CFDs, and index trading.

Account Types

TPFX offers a total of 6 types of live trading accounts, each tailored to different trading styles and experience levels. In addition, TPFX provides demo accounts for practice and Islamic (swap-free) accounts, suitable for traders who follow Sharia law. The accounts differ mainly in their spread structure and commission fees, allowing traders to choose the best fit based on cost preference and strategy.

Leverage

TPFX offers leverage of up to 1:400, allowing traders to control larger positions with a relatively small capital outlay.

TPFX Fees

Overall, TPFX's trading fees are considered slightly lower than industry averages, especially with their flexible account types offering low commissions and tight spreads.

Spreads start as low as 0.0 pips on the ZERO ECN account, and up to 1.5 pips on some fixed-variable accounts.

Commissions are range from $1 to $5 per trade, depending on the account.

TPFX offers Swap-Free accounts across all account types (Islamic-friendly), meaning no overnight interest is charged on held positions. However, for regular accounts, standard swap fees apply depending on the instrument and holding period.

Non-Trading Fees

TPFX maintains a trader-friendly fee structure with no hidden non-trading charges.

Trading Platform

Deposit and Withdrawal

TPFX does not charge any deposit or withdrawal fees, making it cost-effective for clients to fund and withdraw from their trading accounts. However, the minimum deposit amount is not specifically stated.

Deposit Options

Withdrawal Options