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TPFX -

Score

6.42 /10
Average

TPFX

Indonesia

5-10 years

Regulated in Indonesia

Retail Forex License

MT4 Full License

https://www.tpfx.co.id/

Influence

C

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Comparison

Quantity 2

Exposure

Open Account
Website

Score

Regulatory Index4.94

Business Index7.33

Risk Management Index9.67

Software Index9.02

License Index4.94

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Licenses

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

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Broker Information

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Company Name

PT Trijaya Pratama Futures

Company Abbreviation

TPFX

Platform registered country and region

Indonesia

Company website

X

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Company summary

Pyramid scheme complaint

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WikiFX Survey

Good

TPFX

Indonesia

WikiFX Verification

Exposure

2 pieces of exposure in total
Pyramid scheme complaint
Expose
Unable to Withdraw

Reporting Twcx

1. I started at the recommendation of someone I met on Instagram. Occasionally talked about profits from foreign exchange futures trading. 2. Deposited $1,000 and bought 3 seeds, making a profit of $136. 3. They told me to increase my funds if I want to earn more money. 4. Increased to $20,000, then made profits of $2,100 to $2,700. 5. They said that if I invest $75k, the profits will increase. 6. Increased to $75k. 7. Profits range from $12k to $82k, and I sell when I make a profit between 3-10 minutes. (If the broker contacts me, I buy and sell.) 8. Total profit generated is $181,962. 9. Attempted to withdraw funds: They said I have to pay personal income tax because the profit is over $150k. (35%) 10. Paid personal income tax ($62,669.80). 11. They said my account has a history of frequent deposits, so I need to verify the account. They said I have to pay a fee of $31,000, and after that, they will return the funds to my account unless it is illegal funds. 12. Customer service response: Hello, due to the inspection of foreign exchange customer accounts by the International Financial Anti-Money Laundering Working Group. After reviewing and confirming the deposit and withdrawal records at the exchange, it may be caused by frequent deposit transactions in a short period of time. We have reported your situation to the relevant department, and this communication will help with your cancellation request for the investigation! After passing the verification by the legal department of the exchange, you will need to pay a verification fee of $31,000 USDT. After the account is unfrozen, the verified funds will also be included in the trading balance. After passing the verification, you can perform normal tasks such as buying and selling coins, and transferring funds! That's all for now, and I haven't deposited the $31,000 yet.

Sabo8
2024-11-14 12:11
Resolved

Profit and losses aren't accurate

the context are as following - i put 2 sell limits on the currency audjpy - both of them have the same entry and sl. the difference between them are the take profit area and lot size. - the 0.02 lot size tp are 1:1 risk reward (21.7pips tp with 21.7pips sl.). 0.01 loy size tp are 1:3. (64.1pips tp with 21.7pips sl) - the 0.02 lot size positions, hit its tp. however the 0.01 lot size position sl. - 0.01 lot closed with -1.42 loss. while the 0.02 lot closed with 1.56 profit. now, is it mathematically possible that 0.01 lot size risk are the same as 0.02 lot size risk? the answer, ITS FUCKING IMPOSSIBLE. the parameter for the trade - 200usd equity - 2% risk ($4/trades divided by 2 position) - risk pips 21.7 pips - usdjpy prices (157.297) i used babypips calculator for taking my trades since it is accurate to a degree with a little deviations (0.000x deviation since babypips only go 0.000x decimal). using the parameter that i inputted, i have the final total lot size of 0.0286, rounded up into 0.03 total lots, with each 0.01 lots risking 1.3986 USD, rounding up into 1.40USD. now, the 0.02 lots risk should be 2.8USD. the reward SHOULD BE 2.8USD. however, by some VOODOO MAGIC TYPE OF SHIT i got a mere 1.56 USD in profit. i discussed this 'simple error' to their support. guess what, THEY AREN'T ANSWERING THE PHONE. i dialed, dialed, dialed and dialed. but alast nothing. maybe the emails work. NO. THEY DONT. The email somehow BOUNCED. (idk if its possible but it is apparently) so. what i get is, this is a shitty broker, with a shitty support system, that pints don't THEIR mistake into MY MISTAKE. i am speechless. pardon my french in this reporting sections, since if they did this with a small accounts, then they WILL DO IT IN A HUGE ACCOUNT. Their agreement means NOTHING FOR YOU. Jika kamu org indo, pliss jgn pakek ini, mending MIFX, ASIAPRO atau dupoin. setidaknya mrka fair dan GAMPANG DI HUBUNGI.

rickykz7755
2025-01-15 20:09
TPFX · Company summary
TPFX Review Summary
Founded2004
Registered Country/RegionIndonesia
RegulationBAPPEBTI
Market InstrumentsForex, Commodities (Gold, Silver, Oil), Stock Indices, CFDs
Demo Account✅
LeverageUp to 1:400
SpreadFrom 1.2 pips (Standard account)
Trading PlatformMetaTrader 4 (Desktop, iOS, Android), MetaTrader 5 (Desktop, iOS, Android)
Min DepositNot mentioned
Customer SupportEmail: support@tpfx.co.id
Call Center: (+62) 21 252 75 77

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.

TPFX Information

Pros and Cons

Pros Cons
Regulated by BAPPEBTIMinimum deposit not clearly disclosed
Offers both MT4 and MT5 platformsNo crypto or stock trading
Multiple account types with low commissionsLimited international payment options
Swap-free (Islamic) accounts availableNo cTrader or WebTrader

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.

Is TPFX Legit?

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.

Tradable Instruments Supported
Forex✅
Commodities✅
Crypto❌
CFD✅
Indexes✅
Stock❌
ETF❌

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.

Account TypeSpread TypeStarting SpreadCommissionBest For
ZERO ECNVariableFrom 0.0$5Advanced traders needing raw spreads
PROFESSIONAL (Variable)VariableFrom 0.4$2Active traders wanting balance
STANDARD (Variable)VariableFrom 1.2$1Beginners favoring low commission
STANDARD (Fix-Variable)Fixed + Variable MixFrom 1.5$2Traders preferring spread stability
PROFESSIONAL (Fix-Variable)Fixed + Variable MixFrom 0.8$1Cost-conscious traders with flexibility
PRIMEVariableFrom 0.8$1General-purpose low-cost trading
Account Types

Leverage

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

Leverage

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.

Account TypeSpread From (pips)Commission (per trade)
ZERO ECN (Variable)0$5
PROFESSIONAL (Variable)0.4$2
STANDARD (Variable)1.2$1
STANDARD (Fix-Variable)1.5$2
PROFESSIONAL (Fix-Variable)0.8$1
PRIME0.8$1

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.

Non-Trading FeesDetails
Deposit Fee$0 (Free)
Withdrawal Fee$0 (Free)
Inactivity FeeNone disclosed

Trading Platform

Trading PlatformSupported Available Devices Suitable for what kind of traders
MetaTrader 4 (MT4)✅Desktop, iOS, AndroidAll traders; beginner-friendly with essential tools
MetaTrader 5 (MT5)✅Desktop, iOS, AndroidAdvanced traders; supports algorithmic trading and deeper analysis
cTrader❌––
WebTrader❌––
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

Deposit Options Min. DepositFees Processing Time
Bank Transfer – BCANot mentionedFreeWithin 30 minutes (if before 22:00 WIB)
Bank Transfer – AGINot mentionedFreeWithin 30 minutes (if before 22:00 WIB)
Bank Transfer – China Construction BankNot mentionedFreeWithin 30 minutes (if before 22:00 WIB)

Withdrawal Options

Withdrawal Options Min. Withdrawal Fees Processing Time
Bank Transfer – BCANot mentionedFreeSame day if requested before 11:00 WIB; next day if after
Bank Transfer – AGINot mentionedFreeSame day if requested before 11:00 WIB; next day if after
Bank Transfer – China Construction BankNot mentionedFreeSame day if requested before 11:00 WIB; next day if after
Deposit and Withdrawal

News

NewsThe potential for gold to reach the 2,000 – 2,020 area is very large

The US dollar slipped after data showed the number of Americans filing new claims for unemployment benefits hit a three-month high last week, with data showing an increase of 13,000 to 231,000 on week, well above market expectations of 220,000.

WikiFX
2023-11-21 10:43
The potential for gold to reach the 2,000 – 2,020 area is very large

NewsUS Inflation Data Will Be a Clue to the Value of the US Dollar Next Week

Gold fell more than 1% on Friday and headed for its second straight weekly decline on waning safe-haven demand while Federal Reserve Chair Jerome Powell's hawkish stance was key to weakening gold prices.

WikiFX
2023-11-13 18:33
US Inflation Data Will Be a Clue to the Value of the US Dollar Next Week

NewsRelease of a Number of Key US Economic Data in the Midst of the Israel - Hamas Conflict Which Contro

Gold prices hovered near the key $2,000 psychological level on Monday, supported by safe-haven demand amid Middle East conflicts, while market players looked forward to the US Federal Reserve's policy meeting this week.

WikiFX
2023-11-02 10:28
Release of a Number of Key US Economic Data in the Midst of the Israel - Hamas Conflict Which Contro

NewsThe US Dollar has the potential to come under pressure again when inflation data is released in the

Gold markets maintained strong gains even as the minutes of the Federal Reserve's September monetary policy meeting showed that the central bank was committed to maintaining a “higher for longer” monetary policy stance.

WikiFX
2023-10-12 15:54
The US Dollar has the potential to come under pressure again when inflation data is released in the

NewsA number of high impact data will determine the next value of gold and the US dollar

The Federal Reserve has expressed its stance that the war on inflation is far from over, signaling that the US central bank's monetary policy is expected to stay restrictive for a longer duration than previously anticipated. Such a policy has the capacity to elevate credit expenses, potentially exerting a slowdown on the economy.

WikiFX
2023-09-25 10:28
A number of high impact data will determine the next value of gold and the US dollar

NewsGold Potentially Retests the 1,900 Area

Gold extended its decline for the third straight time on Thursday, weighed down by a jump in the US Dollar and US bond yields after the Federal Reserve reiterated its hawkish stance on interest rates. Gold fell 0.5% to hit a low of 1,913.91.

WikiFX
2023-09-22 11:46
Gold Potentially Retests the 1,900 Area
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Sabo8
6-12months
1. 인스타로 알게된 사람으로부터 추천받아 시작 간간히 외환 선물거래 수익을 얘기함 2. $1,000 입금하여 3시드를 사서 $136 수익이 남 3. 돈을 더 벌려면 자금을 올리라고 함 4. 이만불로 증액, 후 $2100- $2700 수익이남 5. $75k로 하면 수익이 커진다고 함 6. $75k 증액 7. 수익이 $12k- $82k 까지 골고루 남 배팅하고 3-10분 사이 수익이 나면 팔고나옴 (블로커가 연락오면 사고, 팔고 함) 8. 전체수익이 $181,962 발생 9. 자금회수시도 : 수익이 $150k 이상이라 개인소득세를 내야 뺄수있다고함 (35%) 10. 개인소득세 완납($62,669.80) 11. 내 계좌가 빈번이 입금된 이력이 있어서 계좌검증을 해야한다고 함, 여기 비용이 $31,000 내야 한다고 함, 이후 불법자금이 아니면 내 계좌로 돌려준다고 함. 12. 고객서비스 답변 안녕하세요, 국제금융자금세탁방지 워킹그룹의 환전 고객 검수로 인해. 거래소에서 입출금 기록을 검토하고 확인한 후 단기간에 빈번한 입금 업무로 인해 발생할 수 있습니다. 관련 부서에 귀하의 상황을 보고했으며, 이 커뮤니케이션을 통해 조사 취소 신청에 도움이 될 것입니다! 거래소 법무부의 검증을 거친 후에는 $31,000 USDT의 검증 비용을 지불해야 합니다. 그리고 계좌가 동결 해제된 후에는 검증된 자금도 거래 잔고에 포함됩니다. 검증을 통과한 후에는 코인 매수, 코인 매도, 자금 이체 등의 정상적인 업무를 수행할 수 있습니다! 현재 여기까지이고 $31,000는 아직 입금하지는 않았어요.
1. 인스타로 알게된 사람으로부터 추천받아 시작 간간히 외환 선물거래 수익을 얘기함 2. $1,000 입금하여 3시드를 사서 $136 수익이 남 3. 돈을 더 벌려면 자금을 올리라고 함 4. 이만불로 증액, 후 $2100- $2700 수익이남 5. $75k로 하면 수익이 커진다고 함 6. $75k 증액 7. 수익이 $12k- $82k 까지 골고루 남 배팅하고 3-10분 사이 수익이 나면 팔고나옴 (블로커가 연락오면 사고, 팔고 함) 8. 전체수익이 $181,962 발생 9. 자금회수시도 : 수익이 $150k 이상이라 개인소득세를 내야 뺄수있다고함 (35%) 10. 개인소득세 완납($62,669.80) 11. 내 계좌가 빈번이 입금된 이력이 있어서 계좌검증을 해야한다고 함, 여기 비용이 $31,000 내야 한다고 함, 이후 불법자금이 아니면 내 계좌로 돌려준다고 함. 12. 고객서비스 답변 안녕하세요, 국제금융자금세탁방지 워킹그룹의 환전 고객 검수로 인해. 거래소에서 입출금 기록을 검토하고 확인한 후 단기간에 빈번한 입금 업무로 인해 발생할 수 있습니다. 관련 부서에 귀하의 상황을 보고했으며, 이 커뮤니케이션을 통해 조사 취소 신청에 도움이 될 것입니다! 거래소 법무부의 검증을 거친 후에는 $31,000 USDT의 검증 비용을 지불해야 합니다. 그리고 계좌가 동결 해제된 후에는 검증된 자금도 거래 잔고에 포함됩니다. 검증을 통과한 후에는 코인 매수, 코인 매도, 자금 이체 등의 정상적인 업무를 수행할 수 있습니다! 현재 여기까지이고 $31,000는 아직 입금하지는 않았어요.
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2024-11-14 12:11
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奔跑23387
more than one year
TPFX's website is entirely in Indonesian, which can be confusing for foreign forex traders like me. While their trading conditions were competitive, I had to rely on Google Translate to navigate the menus and communicate with their customer service. Overall, I recommend TPFX for Indonesian traders who are comfortable with the local language, but it may not be the most user-friendly option for foreign traders.
TPFX's website is entirely in Indonesian, which can be confusing for foreign forex traders like me. While their trading conditions were competitive, I had to rely on Google Translate to navigate the menus and communicate with their customer service. Overall, I recommend TPFX for Indonesian traders who are comfortable with the local language, but it may not be the most user-friendly option for foreign traders.
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2023-03-23 10:13
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