esaFX Review
esaFX in a nutshell
esaFX is a newly established Indonesian broker regulated by BAPPEBTI and JFX, offering retail forex and commodity trading with accessible minimum deposits. However, its recent inception, limited public track record, and narrow instrument list raise caution. The FXCanary Scam Risk Score of 33/100 (Guarded) reflects the need for due diligence, particularly regarding platform reliability and client fund security.
FXCanary rates esaFX at 33/100 scam risk (Moderate risk), based on regulation & licensing, fund-safety signals, company transparency, complaint history and real user feedback.
See the open scoring breakdown →
Pros
- Indonesian traders seeking a locally regulated broker
- Low-budget retail traders (minimum deposit $10)
- Traders interested in Indonesian commodities like palm oil and coffee
Cons
- Traders requiring a wide range of instruments or major indices
- Traders outside Indonesia (no international regulatory coverage)
- Traders seeking advanced platform features or algorithmic trading
Regulation & licenses
Every licence on file for esaFX, as cross-checked by FXCanary against public regulatory registries.
| Regulator | Type | Licence no. | Status | Country |
|---|---|---|---|---|
| BAPPEBTI | Forex Trading License (EP) | 485/BAPPEBTI/SI/IX/2004 | Regulated | Indonesia |
| JFX | Derivatives Trading License (AGN) | SPAB - 070/BBJ/05/04 | Regulated | Indonesia |
Account types & conditions
Account tiers and trading conditions on record for esaFX.
| Account | Min. deposit | Max. leverage | Min. spread | Commission |
|---|---|---|---|---|
| GOLD PRO | US$ 10,000 Equivalent to RP 100,000,000 | 1:200 | 18 | US$ 0.5 per side / US$ 1 roundtrip |
| ZERO | US$ 10 Equivalent to RP 100,000 | 1:500 | from 15 | US$ 0.5 per side / US$ 1 roundtrip |
| PRO | US$ 10 Equivalent to RP 100,000 | 1:500 | from 1 | US$ 4 per side / US$ 8 roundtrip |
esaFX is a forex and CFD broker based in Indonesia, with records dating to 2025-02-18. It reports oversight from BAPPEBTI, JFX.
FXCanary’s verdict is “Guarded.” There are enough red flags that we’d urge caution before depositing.
On Trustpilot, esaFX holds a real-user score of 3.2/5 across 1 reviews.
Finally, beware of impersonation: we tracked 1 clone website(s) copying esaFX. Always reach the broker through its verified official domain, never via links in ads or messages.
What real traders report
Aggregated from 1 independent reviews across Trustpilot and Forex Peace Army.
- Little positive feedback on record
- Deposits & funding · 2 mentions
Scam-risk findings
- Recently established — about 17 months old
Our scoring method is published in full and weighs regulation, fund safety, company age, clone reports, complaints and independent reviews. FXCanary takes no payment from any broker it rates.