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Rifan Financindo Berjangka: accounts, trading costs, platforms and client protection

Rifan Financindo Berjangka offers Indonesian SPA derivatives with fixed-rupiah and floating-dollar contract variants. Its published specifications distinguish exposure, day and overnight margins, per-side fees and liquidation thresholds. Regulatory scope now depends on the product and authority.

By FXBrokers.ai Editorial DeskOperating status: ActiveSources checked Published Updated
Profile scope

Indonesian futures and SPA broker; contract currency, margin and fee terms vary by product. Bappebti, Bank Indonesia and OJK roles must be scoped separately.

  • Bappebti independently lists the legal company, futures licence, SPA approval and segregated banks.
  • Fixed-conversion contracts use IDR 10,000 per USD; floating variants quote margins and charges in USD.
  • Published commissions are USD 15 per lot per side, with product-specific overnight fees.
  • The OJK disclosure is approval in principle; PUVA supervision moved to Bank Indonesia in 2025.

Account route and currency treatment

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PT Rifan Financindo Berjangka is an Indonesian futures brokerage with a directly retrievable Bappebti register entry. Its SPA range uses paired contract codes for fixed rupiah conversion and floating US-dollar treatment. The distinction changes the monetary result of the trade; it is more consequential than a generic Standard or VIP label.[1][6][7]

At a glance01

Published account and contract choices

Published account and contract choices
ChoiceMeaning
Fixed-conversion contractUSD 1 is contractually converted at IDR 10,000 in the published tablesSource 6Source 7Source 3
Floating contractMargin and charges are presented in USDSource 6Source 7Source 3
DemoSimulation account offered through the official siteSource 6Source 7Source 3
Live applicationOnline registration is offered; account approval remains necessarySource 6Source 7Source 3

The USD 1,000 day-trading margin in the contract table is collateral for the specified position. It does not establish a minimum opening deposit. Obtain the accepted account’s initial funding requirement and full tariff from Rifan.[7]

View full spreads & trading costs

Contract families

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At a glance02

SPA product directory

SPA product directory
UnderlyingPublished paired codes
GoldXUL10 / XULFSource 5
Brent crudeBCO10_BBJ / BCOF_BBJSource 5
Hong Kong indexHKK50_BBJ / HKK5U_BBJSource 5
Japan indexJPK50_BBJ / JPK5U_BBJSource 5
AUD/USDAU1010_BBJ / AU10F_BBJSource 5
EUR/USDEU1010_BBJ / EU10F_BBJSource 5
GBP/USDGU1010_BBJ / GU10F_BBJSource 5
USD/CHF and USD/JPYUC1010_BBJ / UC10F_BBJ; UJ1010_BBJ / UJ10F_BBJSource 5
At a glance03

Contract size determines exposure

Contract size determines exposure
ProductOne-lot economic unit
EUR/USDEUR 100,000Source 7Source 8Source 6Source 9Source 10Source 11
GBP/USDGBP 100,000Source 7Source 8Source 6Source 9Source 10Source 11
Gold100 troy ouncesSource 7Source 8Source 6Source 9Source 10Source 11
Brent1,000 barrelsSource 7Source 8Source 6Source 9Source 10Source 11
Hong Kong / Japan indicesUSD 5 per point, or IDR 50,000 in fixed-conversion contractsSource 7Source 8Source 6Source 9Source 10Source 11

These are derivative exposures, not ownership of the underlying gold, oil or index shares. The recovered gold, oil and EUR/USD specifications state cash settlement. Product references to international markets do not create a direct overseas-exchange account for the customer.[6][9][7]

Commissions, overnight charges and quotation limits

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At a glance04

Facility commission per side

Facility commission per side
Contract treatmentPublished charge per lot
Floating USDUSD 15 to open or closeSource 6Source 7Source 9Source 10Source 11
Fixed rupiahIDR 150,000 to open or closeSource 6Source 7Source 9Source 10Source 11
At a glance05

Overnight fee per lot per night

Overnight fee per lot per night
ProductFloating USDFixed IDR
EUR/USD and GBP/USD550,000Source 7Source 8Source 6Source 9Source 10Source 11
Gold550,000Source 7Source 8Source 6Source 9Source 10Source 11
Brent550,000Source 7Source 8Source 6Source 9Source 10Source 11
Hong Kong index330,000Source 7Source 8Source 6Source 9Source 10Source 11
Japan index220,000Source 7Source 8Source 6Source 9Source 10Source 11

The recovered trade tables show 11% VAT on commission and overnight charges, with an April 2022 effective-date note. That is the broker’s published schedule, not an independently refreshed statement of Indonesia’s tax law. Confirm the tax actually applied in the current agreement and transaction statement.[6][7][9][10][11]

At a glance06

Illustrative one-lot gold fee calculation

Illustrative one-lot gold fee calculation
ComponentFloating XULF example
Opening plus closing commissionUSD 15 + USD 15 = USD 30Source 6
One overnight feeUSD 5Source 6
VAT using the published 11% scheduleUSD 3.85 on USD 35Source 6
Total of these chargesUSD 38.85, excluding quotation spread and trading profit/lossSource 6
At a glance07

Published quote and order-distance terms

Published quote and order-distance terms
ContractSpecification
EUR/USDMinimum quote spread 4 pips per side; hectic-market quote based on market conditionsSource 7Source 6Source 9
GoldQuote spread USD 0.40–1.00 per ounce per side; hectic-market exceptionSource 7Source 6Source 9
Gold limit/stop distanceUSD 6–20 in the published tableSource 7Source 6Source 9
Brent limit/stop distanceUSD 1–20 in the published tableSource 7Source 6Source 9

The phrase “per side” is material: these figures should not be relabelled as a single all-in bid/ask spread. Stop and limit distances can also change in hectic markets, so a published normal-condition range is not a guaranteed execution price.[7][6][9]

Margins, sessions and order risk

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At a glance08

Day versus overnight initial margin

Day versus overnight initial margin
ProductUSD day / overnightFixed IDR day / overnight
EUR/USD and GBP/USD1,000 / 2,00010 million / 20 millionSource 7Source 8Source 6Source 9Source 10Source 11
Gold1,000 / 3,00010 million / 30 millionSource 7Source 8Source 6Source 9Source 10Source 11
Brent1,000 / 2,00010 million / 20 millionSource 7Source 8Source 6Source 9Source 10Source 11
Hong Kong / Japan indices1,000 / 2,00010 million / 20 millionSource 7Source 8Source 6Source 9Source 10Source 11
At a glance09

Risk thresholds in recovered specifications

Risk thresholds in recovered specifications
ControlPublished basis
Maintenance margin70% of the required initial marginSource 7Source 6Source 9
Automatic liquidation30% of the required initial marginSource 7Source 6Source 9
Applies in cited tablesEUR/USD, gold and BrentSource 7Source 6Source 9
InterpretationContract risk thresholds; not a promise that losses stop at that levelSource 7Source 6Source 9
At a glance10

Sensitivity examples before charges

Sensitivity examples before charges
Contract movementOne-lot value change
Gold moves USD 1 per ounceUSD 100 in XULFSource 6Source 9Source 7Source 10Source 11
Brent moves USD 0.01 per barrelUSD 10 in BCOF_BBJSource 6Source 9Source 7Source 10Source 11
EUR/USD moves 0.0001USD 10 in EU10F_BBJSource 6Source 9Source 7Source 10Source 11
Index moves one pointUSD 5 in floating Hong Kong/Japan contractsSource 6Source 9Source 7Source 10Source 11
At a glance11

Published regular sessions in WIB

Published regular sessions in WIB
ProductSpecification-page hours
EUR/USD and GBP/USDSummer 07:00–03:00; winter 07:00–04:00Source 7Source 8Source 6Source 9Source 11
GoldSummer 06:00–03:30; winter 06:00–04:30Source 7Source 8Source 6Source 9Source 11
BrentSummer 07:00–03:45; winter 08:00–03:45Source 7Source 8Source 6Source 9Source 11
Japan index06:30–13:55 and 14:10–03:45Source 7Source 8Source 6Source 9Source 11

Hours span midnight where shown. The broker publishes product-specific early closes and rollover notices; its announcement index also identifies a Hong Kong index hours change effective 22 July 2026. Because the full amendment was not recovered, the older Hong Kong session table is not treated as a current trading timetable here. Check the contract notice before carrying exposure across a break or rollover.[13][4]

At a glance12

Trading interface and records

Trading interface and records
FacilityEstablished scope
Online terminalLive trading during product sessionsSource 3
DemoPractice before live transactionsSource 3
Temporary StatementReal-time account transaction monitoringSource 3
Daily reportTransaction recap, equity and open positionsSource 3
SITNaCheck that transactions are recorded with the clearing institutionSource 3

Segregated banks and withdrawal requests

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At a glance13

Funding safeguards

Funding safeguards
ItemVerified or published treatment
PayeeOnly segregated accounts in PT Rifan Financindo Berjangka’s nameSource 1Source 3
Register-listed banksBappebti lists banks and account currencies for the companySource 1Source 3
Personal accountsThe broker explicitly warns against paying individualsSource 1Source 3
Withdrawal requestOnline withdrawal facilitySource 1Source 3
Processing targetCompany page states T+1; this is not an instant-payment promiseSource 1Source 3

Use the current authenticated funding instructions and cross-check the legal payee with the regulator’s record. A bank appearing in a register does not establish every current payment channel, cutoff, transfer fee or currency-conversion rate. The fixed IDR 10,000 contract conversion is not the bank’s live exchange rate.[1][6]

Regulatory roles and client protections

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At a glance14

Permissions must be read by product

Permissions must be read by product
Authority or roleEvidence and scope
BappebtiRegister confirms futures-broker licence 08/BAPPEBTI/SI/XII/2000 and SPA approval 1162/BAPPEBTI/SP/5/2007Source 1Source 14Source 2
Bank IndonesiaPUVA derivatives supervision transferred from Bappebti on 10 January 2025Source 1Source 14Source 2
Rifan’s BI disclosureCompany cites PUVA SPA participant letter 27/598/DPPK/Srt/BSource 1Source 14Source 2
Rifan’s OJK disclosureCompany cites approval in principle S-297/PM.02/2025 for financial securities derivativesSource 1Source 14Source 2

The OJK wording is approval in principle, not a separately verified final permission for every product. Bank Indonesia’s PUVA role means a historic Bappebti licence alone should not be described as the complete current authorisation for forex derivatives. The company’s regulator logos do not establish an international retail licence.[14][2]

Segregation and clearing registration are safeguards for the handling and recording of transactions. They do not insure market losses. No quantified client-compensation ceiling or general negative-balance guarantee was established from the recovered documents; the contract liquidation percentage should not be treated as either.[1][3][6]

Support and complaints

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At a glance15

Company contact routes

Company contact routes
PurposePublished contact
Head office / complaints[email protected]Source 1Source 12
Telephone+62 21 3005 6300Source 1Source 12
Head officeAXA Tower, Kuningan City, JakartaSource 1Source 12
Branch networkPublished directory covers Jakarta, Bandung, Semarang, Solo, Yogyakarta, Surabaya, Medan, Pekanbaru, Palembang and BalikpapanSource 1Source 12

The contact directory provides office and complaint channels but does not establish that an ordinary email or phone call is an accepted emergency dealing order. Obtain the authenticated dealing procedure before relying on a branch contact during a terminal outage.[12]

Research and transaction oversight

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Rifan offers market news and analysis through rfbnews.com and says its representatives hold futures-broking competency certification. Research informs trading decisions; SITNa serves the separate purpose of checking clearing transaction records.[3]

Corporate and market identity

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At a glance16

Corporate and membership references

Corporate and membership references
FieldPublished record
Legal namePT Rifan Financindo BerjangkaSource 1Source 2
Head office registerAXA Tower, floors 23, 25, 30 and 35, Jakarta 12940Source 1Source 2
JFX membershipSPAB-024/BBJ/09/00, as disclosed by the companySource 1Source 2
KBI membership03/AK-KBI/XII 2000, as disclosed by the companySource 1Source 2
SPA organiser agreementCompany names PT Royal Assetindo under its 2006 cooperation agreementSource 1Source 2
Electronic onboarding approvalCompany cites 28/BAPPEBTI/KEP-PBK/09/2014Source 1Source 2
The companies behind the brand

Legal entities & licences

These are source-dated records, not a blanket assessment of the broker. Read each issuer, identifier, status and scope together.

PT Rifan Financindo Berjangka

IndonesiaSource 1Source 2

No separate licence entry is recorded in this panel.

What remains contract-dependent

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The cited specifications supply contract exposure, margin and published charges. The signed account terms still need to establish opening funding, current tax treatment, any fee amendments and the terminal supplied. Published 2022 tax wording is identified as dated in the fee section.[6][7][9][3]

Follow the evidence

Sources & further reading

  1. SPA product directory Rifan Financindo Berjangka
  2. XUL10 and XULF gold specifications Rifan Financindo Berjangka

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.

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