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Maxco Futures Review
Maxco Futures is an Indonesian broker regulated by BAPPEBTI since 2004. It offers forex and futures but does not provide negative balance protection.
Min Deposit
$100
Spreads From
0.6 pips plus a $1 per lot commission
Max Leverage
Up to 1:400 to 1:500, sources vary
Platforms
1
Pros
- Genuine BAPPEBTI license, confirmed on Indonesia's official broker register
- Long track record, trading in Indonesia since the early 1990s
- Low $1 commissions and no deposit or withdrawal fees
- Choice of MetaTrader 4, a mobile app, and WebTrader
Cons
- BAPPEBTI regulation only protects clients who live inside Indonesia
- No negative balance protection, so losses can exceed a deposit
- Only one live account type, with fewer choices than some rivals
- Spreads from 0.6 pips still carry a separate per lot commission
Maxco Futures says it started in 1990 and has traded under BAPPEBTI regulation since 2004. It is based in Jakarta and is a member of the Jakarta Futures Exchange and Indonesia's clearing house, KBI. The company offers forex, metals, futures, and US single stock CFDs.
Trading runs on MetaTrader 4, a mobile app, and WebTrader. Commissions start from $1 a lot, with spreads from 0.6 pips and no deposit or withdrawal fees. New clients can claim a Rp300,000 welcome reward after their first trade on a real account.
BAPPEBTI only supervises brokers inside Indonesia, so this license gives no protection to traders abroad. Independent reviewers also flag that Maxco does not offer negative balance protection, which means a fast market move could leave a trader owing more than they deposited. Maxco blocks access from North Korea, Iran, Syria, Cuba, and Crimea.
Min. Deposit
USD 100
Max Leverage
Up to 1:400 to 1:500, sources vary
Spreads From
0.6 pips plus a $1 per lot commission
Platforms
Regulation, fund safety, track record
Spreads, execution, leverage
Platform quality, charting, features
Analysis, webinars, learning materials
Support quality, responsiveness
Mobile app quality, features
Regulators
Platforms
- BAPPEBTI (Indonesia)
