EsaFX Review

EsaFX Information

EsaFX is a regulated broker based in Indonesia. The tradable instruments with a maximum leverage of 1:200 include forex (7 major currency pairs), indexes (5 global indices), commodities (natural gas, coffee, palm oil, etc), and logam (gold and silver). The broker provides two live accounts with spread from 1 pip, and the minimum deposit is $100. Although EsaFX is regulated by BAPPEBTI and JFX, risks cannot be avoided completely.

Pros and Cons

Is EsaFX Legit?

EsaFX is regulated by BAPPEBTI and JFX with the license type Retail Forex License, making it safer than unregulated brokers.

What Can I Trade on EsaFX?

EsaFX offers a wide range of market instruments, including forex (7 major currency pairs), indexes (5 global indices), commodities (natural gas, coffee, palm oil, etc), and logam (gold and silver).

Account Type

EsaFX has two account types: ZERO and FOR. Traders who want low spreads can choose a FOR account. In addition, the demo account is predominantly used to familiarize traders with the trading platform and for educational purposes only.

Leverage

The maximum leverage is 1:200,meaning that profits and losses are magnified 200 times. Note that high leverage can amplify not only profits but also losses.

EsaFX Fees

The spread is starting from 1 point, the commission is from $0.5 per lot/$1 per lot settled. The lower the spread, the faster the liquidity.

Trading Platform

EsaFX cooperates with the authoritative MT4 and MT5 trading platforms available in Windows, Android, and iOS to trade. Junior traders prefer MT4 over MT5. Traders with rich experience are more suitable for using MT5. MT4 and MT5 not only provide various trading strategies but also implement EA systems.

Copy Trading

EsaFX offers copy trading, which allows traders to automatically replicate the trades of more experienced or successful traders. This feature is beneficial for novice traders who can learn from experts and potentially profit from their trading strategies without having to develop their own trading skills immediately.