SoegeeFX is a forex broker that was established in 2011 and registered in Indonesia, with its headquarters in Jakarta. This broker primarily provides users with trading services for financial derivatives such as forex, indices, stocks, futures, contracts for difference (CFDs), and commodities. The broker is strictly regulated by the Indonesian Commodity Futures Trading Regulatory Agency (BAPPEBTI).
Corporate Background
SoegeeFX is a forex trading service provider and is a member of the Jakarta Futures Exchange and the Indonesia Clearing House (Persero), with the registered entity being Soegee Futures, PT., headquartered in Jakarta, Indonesia. According to information obtained from a Whois lookup, the domain name of SoegeeFX's official website was registered on February 23, 2011.
Regulatory Information
SoegeeFX is a regulated forex broker, with its entity being regulated by the Indonesian Commodity Futures Trading Regulatory Agency (BAPPEBTI) and holding a regulatory license. The license number is 42/BAPPEBTI/SI/XII/2000. The services provided by SoegeeFX related to forex, indices, stocks, futures, contracts for difference (CFDs), and commodities are strictly regulated by the Indonesian Commodity Futures Trading Regulatory Agency (BAPPEBTI).
Trading Products
SoegeeFX offers a variety of trading products, including forex, indices, stocks, futures, contracts for difference (CFDs), and commodities.
- Forex Trading: SoegeeFX allows investors to participate in the forex market, offering trading opportunities for a variety of currency pairs. Investors can trade based on the price fluctuations of one currency against another.
- Indices Trading: SoegeeFX allows investors to trade based on the price movements of specific financial indices. These indices include stock indices, commodity indices, and bond indices, offering investors a way to participate in the market.
- Stock Trading: SoegeeFX enables users to trade a wide range of global stocks. Investors can trade stocks of various well-known companies.
- Futures Trading: SoegeeFX offers futures trading based on spot commodities, where buyers and sellers agree through a contract to deliver a specified quantity of a spot commodity at a specified time, price, and other trading conditions. Futures can be divided into agricultural products futures, metal futures, energy futures, and financial futures.
- CFD Trading: SoegeeFX offers fast execution platforms for investors by simply trading an instrument that tracks stocks from different sectors and industries, ensuring transparency and liquidity with low transaction costs.
- Commodity Trading: The commodity CFDs allow investors to capitalize on the price fluctuations of raw materials and resources. Commodities include raw materials such as crude oil, copper, and iron ore. Commodity CFDs allow investors to participate in various commodity markets without owning the physical goods.
Trading Software
SoegeeFX provides investors with the well-known forex trading platform: MetaTrader 4.
The MetaTrader 4 platform is renowned for its advanced trading functionalities and various analytical tools, offering a variety of trading indicators, expert advisors for automated trading, and extensive charting tools. It is available for PC, mobile devices, and Apple devices, allowing users to choose their preferred trading platform.
Account Registration
The official website of SoegeeFX offers three ways to register an account: Trader Cabinet 1, Try Our Demo, and Open ZERO-Trader Account.
Trader Cabinet 1: First, open the SoegeeFX official website and click on "Trader Cabinet 1" on the webpage.
Follow the steps to complete the account registration.
Try Our Demo: First, open the SoegeeFX official website and click on "Try Our Demo" on the webpage.
Choose a demo account demonstration according to your needs.
Open ZERO-Trader Account: First, open the SoegeeFX official website and click on "Open ZERO-Trader Account" on the webpage.
Follow the steps to complete the account registration.
Account Types
SoegeeFX provides two different types of trading accounts: ZERO-TRADER and PRO-TRADER.
- ZERO-TRADER: Offers forex spreads as low as 0.00001, gold spreads as low as 0.01, free swap, $5 commission, leverage up to 1:200, and a minimum deposit of $100.
- PRO-TRADER: Offers forex spreads as low as 0.00020, gold spreads as low as 0.30, swap rate +0.50%/-1.99%, no commission, leverage up to 1:400, and a minimum deposit of $1000.
Both accounts enjoy a margin call level of 100% with a stop-out level at 30%.
Deposit and Withdrawal Methods
All customer deposits are kept in segregated accounts, with 30% stored in the independent bank of Soegee Futures and 70% in the clearing house account of SoegeeFX. These accounts are separate from the free capital of SoegeeFX. Withdrawals can be easily processed on any Indonesian working day. Simply submit before 11 a.m., and funds can be transferred to the bank on the same day based on the request.
Customer Support
This broker offers 24/7 multilingual support, available through multiple channels including telephone support, email support, and online chat. Traders can contact the customer support team via telephone number +62213911085 for direct and immediate assistance. Investors can also send their questions or requests to cs@soegeefutures.com. Additionally, the online chat feature on the SoegeeFX website facilitates quick communication with the broker.
Conclusion
SoegeeFX is registered and regulated in Indonesia by the Indonesian Commodity Futures Trading Regulatory Agency (BAPPEBTI). SoegeeFX offers a variety of trading products, including forex, indices, stocks, futures, CFDs, and commodities. Traders are reminded to be fully educated, understand market mechanisms, and carefully consider their investment objectives and risk tolerance before engaging in high-leverage trading.
Currently, SoegeeFX is marked as "Active" on TraderKnows.
