Trading environment
Slippage, stability, execution and pricing anomalies
Public review signals—Weight 22%
First State Futures
BAPPEBTICommodity Futures Trading Regulatory AgencyFirst State Futures is the public brand of PT First State Futures, an Indonesian futures broker licensed by BAPPEBTI. Its official bilateral single-platform terms publish leverage of 1:100, while deposit minimums depend on the account selected.
Last verified: 15/09/2026Sources and audit trail
This verified profile is fully translated in English and Simplified Chinese.
Overview
First State Futures is the public brand of PT First State Futures, an Indonesian futures broker licensed by BAPPEBTI. Its official bilateral single-platform terms publish leverage of 1:100, while deposit minimums depend on the account selected.
TraderVote user rating
No trader rating yet
Trader reviews
0
Regulation
Regulated (basic)
Main regulators
BAPPEBTIMain strengths
Main risks
Not enough reviews to assess risk themes
Building sampleUpdated 08/10/2026
AI web composite score
Five web-reputation dimensions plus one objective regulatory dimension for First State Futures
Insufficient evidence
Not included in formal rankings yetThe number of real sources or effective samples has not reached the publication threshold. Missing dimensions are left unscored rather than filled with zero or a neutral value.
Data confidence0% · Low
Deposits & withdrawals
Funding speed, withdrawals, checks and payment methods
Public review signals—Weight 18%
Customer service
Response time, expertise and complaint handling
Public review signals—Weight 13%
Trading costs
Spreads, commissions, swaps and hidden charges
Public review signals—Weight 18%
Sales conduct
Promotion terms, sales pressure and return claims
Public review signals—Weight 4%
Regulation & compliance
Scoring rulesReview sentiment is excluded. Licence quality accounts for 60%, jurisdiction coverage 25%, and Tier-1 diversification 15%. Additional licences have diminishing returns, while enforcement actions or licence suspensions may reduce the score.View full methodology →Licence quality, jurisdiction breadth and regulatory diversification
Objective regulatory facts4.5Weight 25%
There are not yet enough classified public signals to calculate a reputation score.
| Dimension | Score | related mentions |
|---|---|---|
| Trading environment | — | 0 |
| Deposits & withdrawals | — | 0 |
| Customer service | — | 0 |
| Trading costs | — | 0 |
| Sales conduct | — | 0 |
| Regulation & compliance | 4.5 | 1 |
Products
- Foreign exchange
- Gold and other metals
- Energy and crude oil
- Stock indices and single-stock products
- Multilateral commodity futures
Accounts
- Bilateral trading account; terms depend on the selected account and contract
- Multilateral futures account
- Demo account before live-account opening
Platforms and tools
- MetaTrader 4 and MetaTrader 5 for bilateral products
- JAFeTS Now for published multilateral products
- Official client cabinet for account and funding requests
Funding currencies
IDRUSD
Support and availability
The BAPPEBTI record lists a Surabaya office, telephone (031) 505 5599 and email firststate@firststate-futures.com. The official FAQ also lists client-cabinet tickets and call-center support; universal response hours were not verified.
The official product page excludes site targeting in British Columbia, Quebec, Saskatchewan, North Korea, Iran, the United States and Hong Kong. This is a website-targeting disclosure, not a complete account-eligibility list; onboarding remains subject to Indonesian rules and approval.
Regulation
Regulators
PT FIRST STATE FUTURES
Indonesia · BAPPEBTI
- Regulators
- BAPPEBTI
- Licence / registration number
- 338/BAPPEBTI/SI/IV/2004
Client protection
Indonesian futures brokers are subject to BAPPEBTI rules and designated segregated-account requirements. The reviewed record does not establish protection from market losses or a deposit guarantee.
View protection details
Indonesian futures brokers are subject to BAPPEBTI rules and designated segregated-account requirements. The reviewed record does not establish protection from market losses or a deposit guarantee.
Broker licence 338/BAPPEBTI/SI/IV/2004; SPA approval 37/BAPPEBTI/SP-PN/5/2010 | 1276/BAPPEBTI/SP. Company registration alone is not treated as a brokerage licence.
Official record ↗Trading conditions
- Spreads from
- Not available
- Max leverage
- 1:100
- Execution
- Not available
- Commission
- Not available
- Platforms
- MetaTrader 4 · MetaTrader 5 · JAFeTS Now
- Maximum leverage
- The highest ratio verified for this brand is 1:100 on the official bilateral single-platform terms. It is not a universal ratio for every account, contract or jurisdiction; multilateral contract margins are product-specific.
- Minimum deposit, spreads and commissions
- The official deposit FAQ says the initial minimum depends on the account type; no brand-wide numerical minimum is published. The bilateral single-platform page lists USD 1,000 contract margin and USD 1 per lot transaction fee for its stated conditions, with fees varying by account. No reliable universal starting spread is published.
- Execution and liquidation
- The official platform page describes instant execution for its MetaTrader access. The bilateral single-platform conditions list a margin-call level of 100% of required margin and stop-out at 10% equity. The trading FAQ warns that a notice is not guaranteed and positions may be liquidated if margin is not restored; these conditions must not be generalized to other contracts.
Leveraged futures and derivatives may result in substantial losses. Segregated client accounts do not protect against trading losses; margin calls or liquidation can occur under contract-specific rules.
Payments
Deposits
1 methods| Method | Minimum | Processing | Fee |
|---|---|---|---|
| Bank transfer to a designated segregated accountIDR · USD | Depends on the selected account type; no universal amount published. | No verified universal processing time published. | No broker deposit fee; bank charges, if any, are separate. |
Withdrawals
1 methods| Method | Minimum | Processing | Fee |
|---|---|---|---|
| Client-cabinet request to the verified funding bank accountIDR · USD | No verified universal withdrawal minimum published. | Requests before 10:00 WIB on business days are processed the same day; later requests on the next business day. Bank credit time depends on the receiving bank. | No broker withdrawal fee; bank-transfer charges remain the client’s responsibility. |
Accounts or cards must be in the client’s name. Availability, limits and checks depend on the contracting entity.
Promotions
Active offers and promotions from First State Futures
No verified active promotions.
Sources and audit trail
Last verified: 15/09/2026
- BAPPEBTI broker record — PT FIRST STATE FUTURES10/09/2026
- BAPPEBTI 2026 first-quarter futures-broker assessment10/09/2026
- First State Futures products and company profile15/09/2026
- First State Futures trading platforms15/09/2026
- First State Futures bilateral single-platform terms15/09/2026
- First State Futures account-opening guide15/09/2026
- First State Futures deposit FAQ15/09/2026
- First State Futures withdrawal FAQ15/09/2026
- First State Futures anti-money-laundering policy15/09/2026
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