esaFX

esaFX is a forex and commodity broker registered in Indonesia, established on 18 February 2025. The broker is regulated by the Indonesian Commodity Futures Trading Regulatory Agency (BAPPEBTI) and is a member of the Jakarta Futures Exchange (JFX). Its official website is esafx.co.id, and its registered address is located at Jl. Diponegoro No. 58, Surabaya 60264, Indonesia.

As a newly launched entity, esaFX targets traders in the Indonesian market. The broker's regulatory status with BAPPEBTI provides a degree of oversight, though the regulator's framework primarily covers commodity futures trading. The broker's association with JFX further underpins its compliance with local derivatives trading regulations.

esaFX offers three distinct trading account types to cater to different trader profiles. The GOLD PRO account requires a substantial minimum deposit of US$10,000 (approx. RP 100,000,000) and offers a maximum leverage of 1:200. This account appears designed for high-net-worth or institutional clients seeking lower leverage.

The ZERO and PRO accounts both have a minimum deposit of US$10 (approx. RP 100,000) and offer a maximum leverage of 1:500. These accounts are more accessible to retail traders with smaller capital. The ZERO account likely features zero-spread or commission-based pricing, though specific details are not provided in the known facts.

esaFX holds a Forex Trading License (EP) from BAPPEBTI, classified as a regulated status in Indonesia. Additionally, it possesses a Derivatives Trading License (AGN) from the Jakarta Futures Exchange (JFX). Both licenses are active and registered to the entity.

BAPPEBTI is the primary regulatory authority for commodity and derivative trading in Indonesia. While it provides a legal framework, its oversight may differ from that of major Western regulators. Traders should be aware that the protection offered, such as compensation schemes, may be limited compared to jurisdictions like the FCA or CySEC.

According to the company description, esaFX offers trading in forex (7 major currency pairs), global indices (5 global indices), commodities (including natural gas, coffee, and palm oil), and precious metals (gold and silver). The instrument list is relatively narrow, focusing on major markets and local commodities.

The broker's product range is characteristic of a commodity-focused futures broker in Indonesia, with an emphasis on local agricultural commodities like palm oil and coffee. The availability of indices and forex pairs adds diversity for traders seeking cross-market exposure.

esaFX provides spreads starting from 1 pip across its account types. The maximum leverage varies by account: 1:200 for GOLD PRO and 1:500 for ZERO and PRO accounts. The broker's leverage offerings are competitive within the Southeast Asian retail forex market, though high leverage carries significant risk.

The company description does not specify the trading platform(s) offered. However, given its regulatory framework and Indonesian base, it likely supports MetaTrader 4 or 5, which are standard among BAPPEBTI-regulated brokers. Potential clients should verify platform availability directly with the broker.

Minimum deposits are clearly defined: US$10 for the ZERO and PRO accounts, and US$10,000 for the GOLD PRO account. Deposit methods are not listed in the known facts, but Indonesian brokers typically offer bank transfers, e-wallets, and local payment gateways.

Withdrawal processes and fees are not disclosed. Given the limited public information, traders should exercise caution and request detailed terms from esaFX before funding an account.

esaFX appears primarily targeted at Indonesian retail traders, given its local regulation, Bahasa Indonesia presence (inferred from the domain), and inclusion of regional commodities. The low minimum deposit accounts (ZERO and PRO) cater to beginners and small-scale traders, while the GOLD PRO account targets high-volume or professional traders.

The broker's limited track record (founded in 2025) and narrow product range mean it may not suit experienced traders seeking advanced tools or extensive asset diversity. However, for traders within Indonesia who prefer a locally regulated broker, esaFX presents a regulated option.