IDX

IDX is a financial services company based in Indonesia, established on January 2, 2020. According to our records, the company operates from the address of the Indonesia Stock Exchange building in Jakarta. Despite its location and name, IDX is not affiliated with the Indonesia Stock Exchange (IDX) and is described as an unregulated entity.

Our research indicates that IDX has been operating for just over five years. The company maintains a social media presence on platforms such as Facebook, Instagram, Twitter/X, and YouTube. However, independent public information about the company is limited, and no verified user reviews are available.

IDX does not hold any known regulatory licences. Our records show that the company is unregulated, which is a significant concern for traders. The absence of oversight from a financial authority means that there is no external monitoring of IDX's operations, client fund segregation, or dispute resolution mechanisms.

We cross-checked the company details against public registers and found no matching licences. The FXCanary Scam Risk Score for IDX is 75 out of 100, indicating a severe risk. Traders should exercise extreme caution when considering any engagement with this entity.

According to the company description, IDX offers a diverse range of tradable assets. These include stocks, bonds, mutual funds, exchange-traded funds (ETFs), real estate investment trusts (REITs) and infrastructure funds (DINFRA), derivatives, structured warrants, and indices. Additionally, the company provides Islamic-compliant products such as stocks and stock indices.

This wide array of instruments suggests that IDX positions itself as a multi-asset financial services provider. However, there is no mention of forex or contract for difference (CFD) trading in the available information. The exact trading conditions, such as spreads, commissions, and leverage, are not disclosed.

IDX offers two platforms for its clients: the IDX Mobile App and the IDX Online Trading Platform. The mobile app is designed for on-the-go trading, while the online platform likely provides a more comprehensive desktop experience. Details about the platform providers, supported operating systems, and specific features are not publicly available.

Without independent verification or user feedback, it is difficult to assess the functionality and reliability of these platforms. Traders are advised to thoroughly evaluate any proprietary platform before committing funds.

IDX provides customer support via phone and email, according to the company description. The support system is intended to assist clients with trading-related queries and account management. However, no specific contact details or support hours are disclosed in our records.

The lack of transparency regarding customer support channels is a red flag. In an unregulated environment, responsive and reliable support is crucial for resolving potential issues. Traders should proceed with caution.