TFX

TFX is an online trading broker registered in Indonesia, with a corporate address at Equity Tower Lantai 11 Suite H, SCBD Lot 9, Jakarta. The firm was established on 28 April 2021, according to its registration records. It operates under the domain tfx.co.id and targets the Indonesian market.

Our research indicates that TFX currently holds no known regulatory licences from any financial authority. The absence of oversight from bodies such as Indonesia’s Bappebti or international regulators is a significant factor for traders to consider. As an unregulated entity, TFX does not provide the same level of investor protection or recourse as regulated brokers.

TFX offers two account tiers under the names RINGKASAN AKUN ECN PLATINUM and RINGKASAN AKUN ECN GOLD. The Platinum account requires a minimum deposit of $20,000 and offers a maximum leverage of 1:100. The Gold account requires a minimum deposit of $2,000, also with 1:100 leverage.

Both account types are described as ECN (Electronic Communication Network) accounts, which typically provide direct market access and lower spreads. The high minimum deposit for the Platinum account suggests it is aimed at high-net-worth or professional traders. However, due to limited public information, the specific spreads, commissions, and other trading conditions remain unverified.

Based on the known facts within our records, TFX is not registered with any financial regulatory body. In Indonesia, legitimate forex brokers are typically licensed by Bappebti (Commodity Futures Trading Regulatory Agency) and are members of the Jakarta Futures Exchange (JFX). TPFx, a separate entity with a similar name, claims such regulation, but TFX itself does not.

The lack of regulation means that traders dealing with TFX would not have access to investor compensation schemes or dispute resolution services through a regulatory body. This adds a layer of risk, as the broker’s operations are not subject to standard oversight.

Our review found no specific information regarding the trading platforms offered by TFX. Common platforms among Indonesian brokers include MetaTrader 4 (MT4) and MetaTrader 5 (MT5), but this has not been confirmed for TFX. Similarly, the available trading instruments are not listed in our records.

Potential traders should verify platform availability and the range of instruments directly with the broker. Without clear information, it is difficult to assess whether TFX meets the needs of traders seeking specific assets such as forex pairs, commodities, or indices.

Details on deposit and withdrawal methods for TFX are not publicly available from our sources. Brokers targeting Indonesian clients often support local bank transfers and e-wallets, but this remains unconfirmed.

Given the lack of verifiable information, traders should exercise caution and request clear terms for funding and withdrawals before opening an account. The absence of transparent payment processes can be a red flag.

TFX is registered with the address Equity Tower Lantai 11 Suite H, SCBD Lot 9, Jl. Jend. Sudirman Kav. 52-53, Jakarta 12190, Indonesia. The company was founded on 28 April 2021.

No information is available regarding the company’s ownership structure or management team. The relatively recent establishment date, combined with the lack of regulatory oversight, suggests that TFX is a relatively new and unproven entity in the forex brokerage space.

TFX appears to target Indonesian traders looking for ECN-style accounts with high minimum deposits. The Gold account, with a $2,000 minimum, may appeal to serious retail traders, while the Platinum account is clearly aimed at affluent or institutional clients.

However, the absence of regulation and limited public information make TFX a risky choice for most traders. Beginners or those with smaller capital may find the high entry barriers and lack of protection particularly unsuitable.