AGRODANA FUTURES

PT. Agrodana Futures is a futures brokerage firm registered in Indonesia, operating under the official domain agrodana-futures.com. The company was founded on 26 February 2019, though its marketing materials consistently claim a history dating back to the year 2000.

Its registered address is located at Menara Batavia Lt. 3A, Jl. K.H. Mas Mansyur No.

Kav. 126, Karet Tengsin, Tanah Abang, Central Jakarta 10220.

The broker positions itself as a local player serving Indonesian traders, offering access to international financial markets. It is a member of multiple industry bodies, including the Jakarta Futures Exchange (JFX) and the Indonesia Commodity and Derivatives Exchange (ICDX), and is licensed by the Commodity Futures Trading Regulatory Agency (BAPPEBTI).

Agrodana Futures holds regulatory licenses from three Indonesian authorities: BAPPEBTI (license EP, regulated status), JFX (license AGN, regulated status), and ICDX (license EP, regulated status). The BAPPEBTI license covers forex trading, while the JFX and ICDX licenses pertain to derivatives trading.

These licenses affirm that the broker is subject to Indonesian financial oversight and must comply with local capital adequacy, reporting, and client fund segregation requirements. However, the regulation is limited to Indonesia, meaning clients from other jurisdictions may not benefit from any local investor protection schemes. For Indonesian traders, the BAPPEBTI framework provides a regulated environment within the country.

Agrodana Futures provides four main account types: Mini GOFX, Micro GOFX, Mini SPA, and Regular SPA. The Mini GOFX and Micro GOFX accounts both require a minimum deposit of Rp 500,000 (approximately $32 as of early 2025) and offer a maximum leverage of 1:100. These accounts are designed for retail traders with limited capital. The Mini SPA account has a higher minimum deposit of $1,000, while the Regular SPA account requires $10,000, both also with 1:100 leverage.

Additionally, the broker offers accounts with fixed rate options in Indonesian Rupiah (IDR 10,000, IDR 12,000, IDR 14,000) as well as floating rate accounts, as noted in its FAQ. The diversity of account types allows traders to choose based on their risk appetite and trading size.

The broker supports both MetaTrader 4 (MT4) and MetaTrader 5 (MT5), which are widely used platforms in the retail forex industry. These platforms are available for download on Windows, Mac, iOS, and Android devices. Agrodana Futures also offers its own proprietary mobile application, Agrodana Apps, and provides AI-powered trading signals and tools to its clients.

In terms of tradable assets, the broker lists forex pairs, stock index CFDs (including major global indices), commodities (such as gold, silver, oil), and US stock CFDs. The total number of instruments exceeds 30, covering most major and minor forex pairs, as well as popular commodities and indices. This range caters to traders looking for diversification within a single account.

Agrodana Futures advertises competitive spreads and low commissions. For example, EURUSD has a typical spread of 3 pip or 1 pip (subject to terms), with a commission of $50 per lot. Other major pairs like GBPUSD and AUDUSD follow similar patterns. Commodity spreads are also quoted; Gold (XAUUSD) has a spread starting from USD 0.30.

The broker states that its pricing is transparent and that there are no hidden charges. It also highlights a 'free swap' feature for certain accounts, allowing traders to hold positions overnight without paying swap fees. The fee structure is generally in line with other Indonesian-regulated brokers, offering retail-friendly cost levels.

Funding and withdrawals are processed via bank transfer to segregated client accounts. The broker provides several Indonesian bank account details for IDR and USD deposits. Withdrawals are claimed to be processed within one hour, a key selling point on the website.

The company emphasizes the use of separate client accounts, ensuring that client funds are kept distinct from operational funds. This segregation is a regulatory requirement under BAPPEBTI. No specific information about credit/debit cards or e-wallets is provided, suggesting that bank transfer is the primary method.

Agrodana Futures primarily targets Indonesian retail traders due to its local licensing and language support. The low minimum deposit on GOFX accounts makes it accessible to beginners, while the higher-tier SPA accounts cater to more experienced or larger traders. The broker's educational content, including video tutorials and a trading academy, also appeals to those new to futures trading.

Traders outside Indonesia may not be the intended clientele, as the broker is not licensed internationally and operates only under Indonesian regulators. Non-Indonesian residents may face restrictions and should verify local legal requirements before opening an account.