Choosing between GOFX and SPA
Sections ↑Agrodana’s four account names span two trading structures. GOFX uses a multilateral route and MT5; SPA uses bilateral alternative-system contracts and MT4. The smaller deposit is only one difference: order units, conversion settings and overnight costs also change.[1]
Account entry and minimum volume
| Account | Initial deposit | Minimum lot | Platform |
|---|---|---|---|
| Micro GOFX | IDR 500,000 | 0.01 | MT5 |
| Mini GOFX | IDR 500,000 | 0.1 | MT5 |
| Mini SPA | USD 1,000 | 0.1 | MT4 |
| Regular SPA | USD 10,000 | 1 | MT4 |
Contractual currency conversion
| Account | Published USD/IDR setting |
|---|---|
| GOFX | Floating |
| Mini SPA | Fixed: IDR 10,000, 12,000 or 14,000 per USD |
| Regular SPA | Those fixed settings or floating |
Opening an account
| Applicant or stage | Published requirement |
|---|---|
| Indonesian individual | Identity and account verification |
| Foreign resident | KITAS and jurisdiction restrictions |
| Verification | Telephone or video confirmation |
| Corporate account | Corporate documents and authorised representative documentation |
The published geographic restrictions include the United States, Canada, the EU, Australia, Japan, Iran and North Korea. A visible website or demo account does not establish eligibility for a live account.[3]
Markets and contract exposure
Sections ↑Market families
| Route | Advertised exposure |
|---|---|
| GOFX | Currencies and commodities |
| SPA | Currencies, commodities and index CFDs |
| SPA share products | US share CFDs; derivative exposure rather than shareholder ownership |
Published FX coverage
| Group | Pairs or convention |
|---|---|
| Major pairs | EUR/USD, GBP/USD, AUD/USD, NZD/USD, USD/JPY, USD/CHF and USD/CAD |
| Crosses | EUR/JPY, EUR/GBP, GBP/JPY, CHF/JPY and AUD/JPY |
| Standard FX contract | 100,000 base-currency units in the published product description |
Commission, spreads and holding charges
Sections ↑Advertised spread floors
| Account | From |
|---|---|
| Micro GOFX | 0.1 pip |
| Mini GOFX | 0 pips |
| Mini SPA | 3 pips |
| Regular SPA | 1 pip |
Commission units and unresolved bases
| Product | Published charge |
|---|---|
| SPA Regular | USD 50 per settled 1-lot transaction |
| SPA Mini | USD 5 per settled 0.1-lot transaction |
| US share CFD | 0.25% of transaction value |
| GOFX Micro / Mini | USD 0.25 / USD 2.50 displayed; charging side and volume denominator unconfirmed |
The SPA FAQ describes commission on completed transactions. It does not justify doubling that charge as though it were a separately stated per-side rate. GOFX’s two bare dollar figures cannot yet support a reliable round-trip comparison.[2][1]
Index and oil rollover
| Account | Separate administration charge |
|---|---|
| Regular | IDR 250,000 per lot |
| Mini | USD 2 per 0.1 lot |
| Price adjustment | Separate from the rollover administration charge |
Margin, trading tools and execution
Sections ↑Published SPA initial-margin examples
| Instrument | Regular | Mini |
|---|---|---|
| FX | USD 1,000 | USD 100 |
| Gold, day / overnight | USD 2,000 / 3,000 | USD 200 / 300 |
| Silver | USD 4,000 | USD 400 |
| Oil, day / overnight | USD 3,000 / 4,000 | USD 300 / 400 |
The account matrix markets gearing of up to 1:100. Instrument margins and overnight requirements still govern actual exposure. The reviewed public material did not establish a universal stop-out trigger, guaranteed stop price or emergency telephone-dealing commitment.[1][2]
Platform and credential scope
| Item | Published role |
|---|---|
| MT5 | GOFX execution |
| MT4 | SPA execution |
| Agrodana Live / Demo | Server names in the platform FAQ |
| Master / investor password | Trading access versus observation access |
Deposits, withdrawals and available cash
Sections ↑Funding procedure
| Step | Published condition |
|---|---|
| Payer | Client’s own name |
| Third-party transfer | Returned |
| Instruction | Client area and transfer receipt |
| Beneficiary | Use the firm’s approved segregated-account instructions |
Withdrawal timetable
| Request | FAQ description |
|---|---|
| Before 11:00 cutoff | Within one hour |
| After cutoff | Next business day |
| Operating period | Weekdays |
Bappebti lists segregated accounts at several banks, including BCA and BNI in rupiah and dollars. A regulator’s bank list establishes approved account references; it does not mean every listed bank is the current processing route offered inside the client area.[7]
Regulatory scope and client-money boundaries
Sections ↑Indonesian oversight by product
| Area | Authority or evidence |
|---|---|
| Commodity futures | Bappebti broker record |
| Money-market and FX derivatives | Bank Indonesia supervision transferred on 10 January 2025 |
| Derivatives with securities as underlying assets | OJK framework effective from the same transfer date |
The historical Bappebti futures and SPA references identify the firm, but should not be presented as the entire current regulatory framework for financial derivatives. A regulator logo or clearing relationship is not a personal insurance policy or a guarantee against trading loss.[7][8][9]
Support and complaints
Sections ↑Official contact routes
For disputes about transferred money-market or FX derivatives, Bank Indonesia’s transition FAQ directs consumers to BICARA. Keep the contract, account type, order identifiers and cash records together so the complaint can be routed to the relevant product authority.[10]
Swap cashback and automated trading
Sections ↑The current Free Swap campaign runs from 1 October to 31 December 2026. It operates through a monthly cashback calculation rather than promising that overnight charges never accrue.[4]
Mini-account monthly cashback ceilings
| Qualifying lots | Maximum rebate |
|---|---|
| 10 | USD 100 |
| 50 | USD 500 |
| 100 | USD 1,000 |
| 250 | USD 2,500 |
| 500 | USD 5,000 |
Campaign eligibility and payment
| Condition | Published rule |
|---|---|
| Covered products | FX, gold and silver; US share CFDs excluded |
| Account activity | Account remains active; stated minimum equity USD 100 Mini or USD 1,000 Regular |
| Payment | Early in the following month |
| Multiple accounts | One account per client; highest qualifying rebate applies |
| Regular-account ambiguity | The page repeats 500 lots for two different upper rebate bands; obtain written clarification |
A future conditional rebate is not available trading margin. The duplicated Regular threshold prevents a reliable complete Regular rebate ladder; the broker must clarify the qualifying volume for its highest band.[4]
Analysis tools versus order authority
| Service | Function |
|---|---|
| Pivot and pattern tools | Trading analysis |
| AI strategy | Can open, close, add to or reduce positions and manage stop-loss/take-profit |
| Published strategy configuration | USD/CHF and a minimum 30-minute timeframe; RSI, Accumulation/Distribution and CCI inputs |
Because the strategy can submit orders, enabling it changes account exposure. The reviewed description does not promise that disconnecting it closes existing positions. Review open trades separately after revoking access; no independent performance result is established here.[5]
Practice and account access
| Facility | Scope |
|---|---|
| Demo | Published virtual balance of IDR 250 million |
| Corporate access | Requires supporting documents and authority |
| Investor credentials | Observation access should be distinguished from the master password |
Legal identity
Sections ↑PT Agrodana Futures
| Field | Register entry |
|---|---|
| Futures broker reference | 40/BAPPEBTI/SI/XII/2000 |
| SPA reference | 1149/BAPPEBTI/SP/3/2007 |
| Registered office | Menara Batavia, floor 3A, Jl. KH. Mas Mansyur Kav. 126, Jakarta Pusat 10220 |
Legal entities & licences
These are source-dated records, not a blanket assessment of the broker. Read each issuer, identifier, status and scope together.
PT Agrodana Futures
IndonesiaSource 7
No separate licence entry is recorded in this panel.
Evidence and remaining contract questions
Sections ↑The official account matrix and AI description were recoverable through indexed company text; several direct pages returned rate-limit errors during the final check. The FAQ and promotion had been read directly earlier in this review. GOFX commission units, current stop-out mechanics, inactivity charges, statement-export formats and any account-level compensation limit remain unestablished. The published SPA commission explanation and cashback conditions are retained with their specific scope.[1][2][4][5]
Sources & further reading
- Four-account GOFX/SPA comparison — official indexed page Agrodana Futures
- Funding, commission and margin FAQ Agrodana Futures · Accessed 26 Oct 2026
- Currency products, contract size and account eligibility Agrodana Futures · Accessed 26 Oct 2026
- Free Swap promotion: 1 October–31 December 2026 Agrodana Futures · Accessed 26 Oct 2026
- Account and platform FAQ — official indexed page Agrodana Futures
- PT Agrodana Futures: broker and SPA references Bappebti · Accessed 26 Oct 2026
- PUVA derivative supervision and the January 2025 transfer Bank Indonesia · Accessed 26 Oct 2026
- Securities-underlying financial derivatives under OJK OJK · Accessed 26 Oct 2026
- Transfer of derivative supervision: continuity and complaints Bank Indonesia · Accessed 26 Oct 2026
- Agrodana products and company information — official indexed page Agrodana Futures
This profile reports dated public information, including broker-published services and terms. It does not independently test or guarantee execution, pricing or withdrawals. Inclusion is not an endorsement. Permissions and protections apply only to the named legal entity, service and client category; check the current official records and your contract.