AGRODANA Futures Review - How about the Licensed Platform in Indonesia and Futures Trading? - WikiFX

AGRODANA Information

AGRODANA Futures is a trading platform holding a regulatory license from the Commodity Futures Trading Regulatory Agency of Indonesia (BAPPEBTI), and it has been in operation since 2000. The platform offers a rich variety of trading products, including foreign exchange, commodities, Contract for Difference (CFD) indices, and CFD stocks. The platform has trading advantages such as a leverage of up to 1:100 and a spread as low as 1 pip. It supports both the MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms simultaneously. In addition, the platform has launched a time-limited free swap offer, and withdrawals can be processed and received in as fast as 1 hour.

Pros and Cons

Is AGRODANA Legit?

Yes, AGRODANA Futures is a legitimate trading platform. It holds a valid license issued by BAPPEBTI with the license number 40/BAPPEBTI/SI/XII/2000, and the details of its license can be verified through the official website of BAPPEBTI at https://bappebti.go.id/pialang_berjangka/detail/008.

What Can I Trade in AGRODANA?

AGRODANA offers various trading instruments, including foreign exchange, commodities (precious metals such as gold and silver, as well as energy products like crude oil), contract for difference (CFD) indices, and CFD stocks.

Account Type

AGRODANA offers several account types: Micro GOFX, Mini GOFX, Mini SPA, and Regular SPA.

AGRODANA Fees

The spread of AGRODANA varies depending on the trading products. For example, the spread of major forex currency pairs such as EUR/USD may be 0.0003, while the spread of gold (XAUUSD) is 0.4.

In terms of commissions, the commissions of mini accounts are generally lower than those of regular accounts. For instance, the commission for each trade in a Mini SPA account is USD 5, while the commission for each trade in a Regular SPA account is USD 50. For CFD Saham US trades in both accounts, an additional commission of 0.25% is required.

The swap rates vary by product. Some accounts (such as the Regular SPA account and the Mini SPA account) offer free swaps under certain conditions.

Leverage

AGRODANA Futures provides a leverage of 1:100 for all account types. This means that traders can control a position that is 100 times larger than their initial investment amount.

Trading Platform

AGRODANA offers two popular trading platforms: MetaTrader 4 (MT4) and MetaTrader 5 (MT5). MetaTrader 4 (MT4) supports automated trading through Expert Advisors and is available for Windows, macOS, and mobile devices via the App Store and Google Play. MetaTrader 5 (MT5) is also available on multiple platforms.

Deposit and Withdrawal

AGRODANA accepts deposits in Indonesian Rupiah (IDR) and US Dollars (USD). Traders can deposit funds through several banks, such as BCA, Mandiri, CIMBNIAGA, China Construction Bank Indonesia Branch, and Bank Capital. The minimum deposit amount depends on the account type. The minimum deposit for both Micro GOFX and Mini GOFX accounts is IDR 500,000, the minimum deposit for a Mini SPA account is USD 1,000, and the minimum deposit for a Regular SPA account is USD 10,000. Withdrawals are processed quickly. If the withdrawal application is submitted before 11:00 am, the funds can be received in as little as 1 hour at the earliest.

Bonus

AGRODANA has launched a free swap promotion, which is valid from April 1, 2025, to June 30, 2025. Depending on the account type and the number of lots traded per month, traders can receive a cashback of up to $5,000.