Account route and currency treatment
Sections ↑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]
Published account and contract choices
| Choice | Meaning |
|---|---|
| Fixed-conversion contract | USD 1 is contractually converted at IDR 10,000 in the published tablesSource 6Source 7Source 3 |
| Floating contract | Margin and charges are presented in USDSource 6Source 7Source 3 |
| Demo | Simulation account offered through the official siteSource 6Source 7Source 3 |
| Live application | Online 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]
Contract families
Sections ↑SPA product directory
| Underlying | Published paired codes |
|---|---|
| Gold | XUL10 / XULFSource 5 |
| Brent crude | BCO10_BBJ / BCOF_BBJSource 5 |
| Hong Kong index | HKK50_BBJ / HKK5U_BBJSource 5 |
| Japan index | JPK50_BBJ / JPK5U_BBJSource 5 |
| AUD/USD | AU1010_BBJ / AU10F_BBJSource 5 |
| EUR/USD | EU1010_BBJ / EU10F_BBJSource 5 |
| GBP/USD | GU1010_BBJ / GU10F_BBJSource 5 |
| USD/CHF and USD/JPY | UC1010_BBJ / UC10F_BBJ; UJ1010_BBJ / UJ10F_BBJSource 5 |
Contract size determines exposure
| Product | One-lot economic unit |
|---|---|
| EUR/USD | EUR 100,000Source 7Source 8Source 6Source 9Source 10Source 11 |
| GBP/USD | GBP 100,000Source 7Source 8Source 6Source 9Source 10Source 11 |
| Gold | 100 troy ouncesSource 7Source 8Source 6Source 9Source 10Source 11 |
| Brent | 1,000 barrelsSource 7Source 8Source 6Source 9Source 10Source 11 |
| Hong Kong / Japan indices | USD 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
Sections ↑Facility commission per side
Overnight fee per lot per night
| Product | Floating USD | Fixed IDR |
|---|---|---|
| EUR/USD and GBP/USD | 5 | 50,000Source 7Source 8Source 6Source 9Source 10Source 11 |
| Gold | 5 | 50,000Source 7Source 8Source 6Source 9Source 10Source 11 |
| Brent | 5 | 50,000Source 7Source 8Source 6Source 9Source 10Source 11 |
| Hong Kong index | 3 | 30,000Source 7Source 8Source 6Source 9Source 10Source 11 |
| Japan index | 2 | 20,000Source 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]
Illustrative one-lot gold fee calculation
| Component | Floating XULF example |
|---|---|
| Opening plus closing commission | USD 15 + USD 15 = USD 30Source 6 |
| One overnight fee | USD 5Source 6 |
| VAT using the published 11% schedule | USD 3.85 on USD 35Source 6 |
| Total of these charges | USD 38.85, excluding quotation spread and trading profit/lossSource 6 |
Published quote and order-distance terms
| Contract | Specification |
|---|---|
| EUR/USD | Minimum quote spread 4 pips per side; hectic-market quote based on market conditionsSource 7Source 6Source 9 |
| Gold | Quote spread USD 0.40–1.00 per ounce per side; hectic-market exceptionSource 7Source 6Source 9 |
| Gold limit/stop distance | USD 6–20 in the published tableSource 7Source 6Source 9 |
| Brent limit/stop distance | USD 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
Sections ↑Day versus overnight initial margin
| Product | USD day / overnight | Fixed IDR day / overnight |
|---|---|---|
| EUR/USD and GBP/USD | 1,000 / 2,000 | 10 million / 20 millionSource 7Source 8Source 6Source 9Source 10Source 11 |
| Gold | 1,000 / 3,000 | 10 million / 30 millionSource 7Source 8Source 6Source 9Source 10Source 11 |
| Brent | 1,000 / 2,000 | 10 million / 20 millionSource 7Source 8Source 6Source 9Source 10Source 11 |
| Hong Kong / Japan indices | 1,000 / 2,000 | 10 million / 20 millionSource 7Source 8Source 6Source 9Source 10Source 11 |
Risk thresholds in recovered specifications
| Control | Published basis |
|---|---|
| Maintenance margin | 70% of the required initial marginSource 7Source 6Source 9 |
| Automatic liquidation | 30% of the required initial marginSource 7Source 6Source 9 |
| Applies in cited tables | EUR/USD, gold and BrentSource 7Source 6Source 9 |
| Interpretation | Contract risk thresholds; not a promise that losses stop at that levelSource 7Source 6Source 9 |
Sensitivity examples before charges
| Contract movement | One-lot value change |
|---|---|
| Gold moves USD 1 per ounce | USD 100 in XULFSource 6Source 9Source 7Source 10Source 11 |
| Brent moves USD 0.01 per barrel | USD 10 in BCOF_BBJSource 6Source 9Source 7Source 10Source 11 |
| EUR/USD moves 0.0001 | USD 10 in EU10F_BBJSource 6Source 9Source 7Source 10Source 11 |
| Index moves one point | USD 5 in floating Hong Kong/Japan contractsSource 6Source 9Source 7Source 10Source 11 |
Published regular sessions in WIB
| Product | Specification-page hours |
|---|---|
| EUR/USD and GBP/USD | Summer 07:00–03:00; winter 07:00–04:00Source 7Source 8Source 6Source 9Source 11 |
| Gold | Summer 06:00–03:30; winter 06:00–04:30Source 7Source 8Source 6Source 9Source 11 |
| Brent | Summer 07:00–03:45; winter 08:00–03:45Source 7Source 8Source 6Source 9Source 11 |
| Japan index | 06:30–13:55 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]
Trading interface and records
| Facility | Established scope |
|---|---|
| Online terminal | Live trading during product sessionsSource 3 |
| Demo | Practice before live transactionsSource 3 |
| Temporary Statement | Real-time account transaction monitoringSource 3 |
| Daily report | Transaction recap, equity and open positionsSource 3 |
| SITNa | Check that transactions are recorded with the clearing institutionSource 3 |
Segregated banks and withdrawal requests
Sections ↑Funding safeguards
| Item | Verified or published treatment |
|---|---|
| Payee | Only segregated accounts in PT Rifan Financindo Berjangka’s nameSource 1Source 3 |
| Register-listed banks | Bappebti lists banks and account currencies for the companySource 1Source 3 |
| Personal accounts | The broker explicitly warns against paying individualsSource 1Source 3 |
| Withdrawal request | Online withdrawal facilitySource 1Source 3 |
| Processing target | Company 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
Sections ↑Permissions must be read by product
| Authority or role | Evidence and scope |
|---|---|
| Bappebti | Register confirms futures-broker licence 08/BAPPEBTI/SI/XII/2000 and SPA approval 1162/BAPPEBTI/SP/5/2007Source 1Source 14Source 2 |
| Bank Indonesia | PUVA derivatives supervision transferred from Bappebti on 10 January 2025Source 1Source 14Source 2 |
| Rifan’s BI disclosure | Company cites PUVA SPA participant letter 27/598/DPPK/Srt/BSource 1Source 14Source 2 |
| Rifan’s OJK disclosure | Company 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
Sections ↑Company contact routes
| Purpose | Published contact |
|---|---|
| Head office / complaints | [email protected]Source 1Source 12 |
| Telephone | +62 21 3005 6300Source 1Source 12 |
| Head office | AXA Tower, Kuningan City, JakartaSource 1Source 12 |
| Branch network | Published 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
Sections ↑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
Sections ↑Corporate and membership references
| Field | Published record |
|---|---|
| Legal name | PT Rifan Financindo BerjangkaSource 1Source 2 |
| Head office register | AXA Tower, floors 23, 25, 30 and 35, Jakarta 12940Source 1Source 2 |
| JFX membership | SPAB-024/BBJ/09/00, as disclosed by the companySource 1Source 2 |
| KBI membership | 03/AK-KBI/XII 2000, as disclosed by the companySource 1Source 2 |
| SPA organiser agreement | Company names PT Royal Assetindo under its 2006 cooperation agreementSource 1Source 2 |
| Electronic onboarding approval | Company cites 28/BAPPEBTI/KEP-PBK/09/2014Source 1Source 2 |
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
No separate licence entry is recorded in this panel.
What remains contract-dependent
Sections ↑Sources & further reading
- Registered futures broker and segregated accounts Bappebti · Accessed 26 Oct 2026
- Business permissions and memberships Rifan Financindo Berjangka
- Company profile, reporting and withdrawal services Rifan Financindo Berjangka
- Current broker homepage and rollover notices Rifan Financindo Berjangka
- SPA product directory Rifan Financindo Berjangka
- XUL10 and XULF gold specifications Rifan Financindo Berjangka
- EU1010_BBJ and EU10F_BBJ specifications Rifan Financindo Berjangka
- GU1010_BBJ and GU10F_BBJ specifications Rifan Financindo Berjangka
- BCO10_BBJ and BCOF_BBJ specifications Rifan Financindo Berjangka
- HKK50_BBJ and HKK5U_BBJ specifications Rifan Financindo Berjangka
- JPK50_BBJ and JPK5U_BBJ specifications Rifan Financindo Berjangka
- Head office and branch contact directory Rifan Financindo Berjangka
- Product rollover and market-hour announcements Rifan Financindo Berjangka
- PUVA derivatives supervision transferred on 10 January 2025 Bank Indonesia
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.