TRFX GARUDA BERJANGKA

TRFX GARUDA BERJANGKA is a forex broker based in Indonesia, founded on 12 March 2019. It operates under the domain garudaberjangka.com and presents itself as an ECN/STP broker offering forex trading via the MetaTrader 4 platform. The company is described as targeting both retail and institutional traders.

According to available records, the broker is registered with BAPPEBTI, the Indonesian commodity futures trading regulator. However, its license status is unclear, and industry databases note that the license may be a fake clone. Furthermore, the broker's website is reported as inaccessible, which significantly limits independent verification.

The only regulator associated with TRFX GARUDA BERJANGKA is BAPPEBTI, Indonesia's regulatory body for futures trading. The license type is listed as a Forex Trading License (EP), but its status is not confirmed. Industry sources have flagged this license as potentially a fake clone, meaning it may not be a genuine authorization from BAPPEBTI.

The lack of clear regulatory oversight is a major concern. Without a verifiable license, traders have no assurance of compliance with financial standards or investor protection schemes. This uncertainty places the broker in a high-risk category, particularly for traders seeking a regulated environment.

The company is registered at SOHO CAPITAL Office Building, Lantai 16 Unit (1607–1609), Jl. Letjen S Parman Kav 28, Grogol, Petamburan, Jakarta Barat, Indonesia 11470. Its official domain is garudaberjangka.com, which as of this review is not accessible, raising doubts about the broker's current operational status.

Public information about the broker is extremely limited. The founding date of March 2019 indicates it is a relatively young entity, but no further details about its ownership structure, management, or financial standing are available. This lack of transparency is a red flag for potential clients.

TRFX GARUDA BERJANGKA claims to offer both live and demo accounts. The minimum deposit for a live account is said to be $100, which is relatively low and accessible for retail traders. The broker states it uses the MetaTrader 4 platform, a popular choice among forex traders for its advanced charting and automated trading capabilities.

However, due to the website being inaccessible, these claims cannot be independently verified. The actual availability of accounts, trading instruments, spreads, and execution speeds remains unknown. Traders are advised to treat such unverifiable claims with extreme caution.

FXCanary's Scam Risk Score for TRFX GARUDA BERJANGKA is 39 out of 100, indicating a guarded level of risk. This score reflects the broker's unverifiable license, inaccessible website, and overall lack of transparency. The likelihood of the broker being a legitimate, well-regulated entity is low.

Traders considering this broker should be aware that the risks are substantial. The combination of a potentially fake license, an offline website, and minimal public information suggests a high potential for fraud or operational issues. It is strongly recommended to avoid depositing funds until the broker's legitimacy can be confirmed through independent sources.