PT Esandar Arthamas Berjangka (EsaFX) Forex Broker

Indonesian Regulated - Moderate Trust

WikiFX Link Visit website ↗

Trust Score

6.5

OUT OF 10

Pros

Licensed and regulated by Indonesian financial authorities including BAPPEBTI providing local regulatory oversight
Fast withdrawal processing with most requests completed within 24 hours according to multiple client reviews
Integrated with TradingView platform allowing advanced charting and analysis capabilities
Offers MetaTrader 5 (MT5) with full functionality for sophisticated trading strategies
Competitive spreads and transparent commission structure for Indonesian traders
Dedicated local customer support team providing service in Indonesian language
Proprietary EsaFX Trader mobile app for iOS and Android with comprehensive trading features

Cons

Limited international regulation - primarily focused on Indonesian market
Not available to traders from many international jurisdictions including US and EU
Limited product range compared to global forex brokers
Customer support primarily in Indonesian language which may be challenging for international clients
Lacking some advanced features like social trading or copy trading capabilities
Minimal public information available about company ownership and operational structure

Basic Information

Company

PT Esandar Arthamas Berjangka (EsaFX)

Region

Indonesia

Established

2018

support@esafx.co.id

Phone

unknown

Website

www.esafx.co.id

User Reviews

Budi Santoso Jakarta, Indonesia

★★★★☆

I've been trading with EsaFX for the past 9 months using their MT5 platform. The integration with TradingView is excellent and has improved my technical analysis capabilities. Withdrawals are consistently processed within 24 hours to my local bank account, which is impressive. Their Indonesian language support is very helpful and responsive during local market hours. Spreads are competitive on major pairs, though they could offer more diverse trading instruments. The EsaFX Trader mobile app works well for monitoring positions on the go. Overall, a reliable broker for Indonesian traders.

Michael Chen Singapore

★★★☆☆

Used EsaFX for 6 months trading forex and gold CFDs. The platform is stable and execution is generally good, but I've experienced some challenges with English language support. While withdrawals are processed quickly, the limited international payment options can be inconvenient for non-Indonesian traders. The MT5 platform works well, but their educational content is mostly in Indonesian which isn't helpful for international clients. Decent broker if you're based in Indonesia, but there are better options for international traders.

Dewi Kusuma Surabaya, Indonesia

★★★★★

Trading with EsaFX for over a year now, primarily focusing on USD/IDR and gold trading. Their local presence and understanding of Indonesian market needs is excellent. I particularly appreciate their fast withdrawal processing - my requests are typically completed within hours. The customer service team is very helpful and responsive in Indonesian language. Their TradingView integration and MT5 platform provide all the tools I need for technical analysis. Regular webinars and market updates in Indonesian are very useful. While they may not offer as many features as some international brokers, they excel in serving the local market.

Overview

EsaFX (PT Esandar Arthamas Berjangka) is an Indonesian-based forex and CFD broker established to serve the local Indonesian trading community. The company operates under Indonesian financial regulations and has gained recognition for its fast withdrawal processing and integration with advanced trading platforms. EsaFX has positioned itself as a technology-forward broker by offering MetaTrader 5 platform access and maintaining a partnership with TradingView to provide advanced charting capabilities to its clients. The broker primarily focuses on forex and CFD trading, offering competitive trading conditions tailored to Indonesian traders’ needs. While the company has built a solid reputation in its home market, its international presence remains limited compared to global forex brokers. The broker emphasizes technological innovation through its proprietary EsaFX Trader mobile application and maintains strong relationships with local financial institutions to ensure smooth payment processing for Indonesian clients. Client funds are protected through segregated accounts and the broker adheres to local regulatory requirements for operational transparency and financial reporting. EsaFX has demonstrated consistent growth in the Indonesian market since its establishment, though it maintains a relatively conservative approach to international expansion.

Is PT Esandar Arthamas Berjangka (EsaFX) Safe? Regulation Analysis

EsaFX operates under the regulatory oversight of Indonesian financial authorities, including BAPPEBTI (Commodity Futures Trading Regulatory Agency) and is registered with JFX (Jakarta Futures Exchange). The broker maintains compliance with local Indonesian financial regulations which require segregation of client funds, regular financial reporting, and maintenance of minimum capital requirements. While these regulations provide basic protections for Indonesian traders, they may not offer the same level of stringent oversight as major international regulators like the FCA or ASIC. The broker maintains segregated client accounts with approved Indonesian banks and operates within the framework of local futures trading laws. However, international traders should note that Indonesian regulatory protection may not extend to clients outside the country’s jurisdiction. The broker has maintained a clean regulatory record in Indonesia with no major violations or sanctions reported. Client funds are protected through local regulatory mechanisms, though these may differ from international standards such as the Financial Services Compensation Scheme (FSCS) in the UK or similar programs in other major jurisdictions.

Trading Products and Services

Forex Trading: Access to major currency pairs with a focus on pairs popular among Indonesian traders, including USD/IDR. Standard forex trading conditions with competitive spreads on major pairs
CFD Trading: Selection of CFDs on indices, commodities, and precious metals, though the range may be more limited compared to international brokers
Commodities: Trading available on gold, silver, and oil contracts with competitive spreads
Indices: Major global indices available for trading including US30, S&P 500, and regional Asian indices
Cryptocurrencies: Limited selection of major cryptocurrency CFDs available for trading
Trading hours follow standard forex market hours with additional consideration for Indonesian time zone

Trading Platforms

MetaTrader 5 (MT5): Full-featured MT5 platform offering advanced charting, multiple timeframes, technical indicators, and automated trading capabilities. Available for desktop (Windows/Mac), WebTrader, and mobile devices
TradingView Integration: Direct integration with TradingView platform providing advanced charting and analysis tools with ability to execute trades directly
EsaFX Trader Mobile App: Proprietary mobile trading application developed specifically for Indonesian traders, available on both iOS and Android with local language support
WebTrader: Browser-based trading platform requiring no downloads, offering essential trading functions and real-time quotes

Deposit and Withdrawal

Local Bank Transfers: Primary deposit method for Indonesian clients through major local banks with fast processing times
E-Wallets: Support for popular local and international e-wallet services
Credit/Debit Cards: Limited card payment options available
Withdrawal Processing: Known for fast withdrawal processing, typically completed within 24 hours for verified accounts
Minimum Deposit: Competitive minimum deposit requirements suitable for Indonesian market
Account Currencies: Primary focus on USD and IDR trading accounts
KYC Requirements: Standard verification procedures following Indonesian regulatory requirements

Customer Support

EsaFX provides customer support primarily focused on Indonesian clients with service available during local business hours. Support channels include email, telephone, and live chat, with primary communication in Indonesian language. Response times are generally quick during Indonesian business hours, though service may be limited during off-hours. The broker maintains a comprehensive knowledge base and educational resources in Indonesian language. Technical support is available for platform-related issues, and the broker provides regular market updates and analysis for clients. While support quality is generally good for local clients, international traders may face language barriers as English support may be limited.

Frequently Asked Questions (FAQ)

Q: Is EsaFX a regulated broker?
A: Yes, EsaFX is regulated in Indonesia by BAPPEBTI and registered with the Jakarta Futures Exchange (JFX). The broker operates under Indonesian financial regulations which require client fund segregation and regular compliance reporting. However, the regulatory protection is primarily focused on Indonesian clients and may differ from international regulatory standards.

Q: What trading platforms does EsaFX offer?
A: EsaFX provides MetaTrader 5 (MT5) as their primary trading platform, along with TradingView integration for advanced charting. They also offer their proprietary EsaFX Trader mobile app for iOS and Android devices, and a WebTrader platform for browser-based trading.

Q: How long do withdrawals take with EsaFX?
A: EsaFX is known for fast withdrawal processing, typically completing requests within 24 hours for verified accounts using local Indonesian banking methods. Processing times may vary for international withdrawal methods and are subject to standard verification procedures.

Q: What trading instruments are available?
A: EsaFX offers trading in forex pairs (including USD/IDR), CFDs on indices, commodities (including gold and oil), and select cryptocurrency pairs. The product range is focused on instruments popular with Indonesian traders though may be more limited compared to international brokers.