Jalatama

According to WikiFX data, Jalatama Artha Berjangka holds a total score of 1.59 out of 10, which is very low. The firm's regulatory status is highly problematic: a former license from the Indonesia Commodity and Derivatives Exchange (ICDX) has been revoked, a license from BAPPEBTI is flagged as a clone firm, and others are unverified. This means the broker operates without any valid forex trading license, indicating a high-risk profile. Traders should exercise extreme caution.

Jalatama Artha Berjangka currently lacks any valid regulatory license. Its license from the Indonesia Commodity and Derivatives Exchange (ICDX) has been revoked. A license from BAPPEBTI is flagged as a clone firm, while another BAPPEBTI license and a Jakarta Futures Exchange (JFX) license are unverified. Therefore, the broker is not regulated by any credible authority.

The broker offers two account types: a Platinum account with a minimum deposit of $1, and a Regular account with a minimum deposit of 0.1 (likely in the base currency, e.g., $0.10).

According to WikiFX data, no trading platform information is publicly available for Jalatama. It is not confirmed whether it supports MT4 or MT5.

Pro: Low minimum deposit requirements starting from $0.10 for the Regular account. Cons: 1. The broker operates without any valid regulatory license, exposing traders to significant risk. 2. The regulatory status includes a revoked license and a clone firm designation, indicating a lack of oversight. 3. No information on trading platforms, execution speeds, or fee structures is publicly available, reducing transparency.

WikiFX data shows no recorded user complaints against Jalatama. However, the lack of complaints does not mitigate the severe regulatory concerns.

Jalatama is registered in Indonesia and does not hold any license from US regulators such as the SEC or CFTC. Therefore, it is not authorized to offer services to US residents, and trading with this broker from the US would be highly risky.

Jalatama is not suitable for beginners due to its lack of valid regulation and transparency. While the low minimum deposit (as low as $0.10) may seem attractive, the absence of a credible license, no confirmed trading platform, and no available fee data make it a high-risk choice. Beginners should only consider brokers with strong regulatory oversight.

Jalatama offers two account types: Platinum and Regular. The Platinum account requires a minimum deposit of $1 and offers maximum leverage of 1:100. The Regular account requires a minimum deposit of 0.1 (likely $0.10) and also offers 1:100 leverage. Both accounts allow scalping, EA usage, and lock positions, but no information on spreads or commissions is provided.

Jalatama offers a maximum leverage of 1:100 on both account types. While this leverage is moderate, the broker's lack of valid regulation amplifies the risk. High leverage can magnify losses, and without regulatory safeguards such as negative balance protection, traders face significant exposure.

WikiFX is a third-party platform that provides forex broker information inquiry and risk alerts. This type of platform mainly integrates brokers' regulatory information, user feedback, and historical records, and conducts comprehensive evaluation through a multi-dimensional model to help investors quickly understand the broker's basic situation and potential risks. By using such tools, investors can conduct preliminary screening before choosing a broker, thereby reducing decision-making risks caused by information asymmetry.

A broker can be evaluated as a potential scam platform by considering multiple factors such as regulatory qualifications, user complaints, fund security, and platform data. In general, brokers without valid regulation, those that frequently have withdrawal problems, those with a large number of user complaints, or those providing false information usually carry higher risks. You can check the broker's regulatory status, overall rating, exposure records, and user reviews on the WikiFX platform, and make judgments based on multi-dimensional data to effectively identify and avoid scam platform risks.

Recovering funds after investment fraud can be difficult, but taking timely action may still help recover part of the losses. It is recommended to take the following actions immediately: keep trading records, chat records, and other evidence; contact the bank to try to stop or freeze the payment; report the case to local law enforcement agencies. In addition, investors can also use WikiFX complaint and exposure channels to increase the visibility of problematic platforms and improve the efficiency of rights protection.

Common forex regulatory authorities include the Financial Conduct Authority (FCA) in the United Kingdom, the Australian Securities and Investments Commission (ASIC), the Commodity Futures Trading Commission (CFTC) and the Securities and Exchange Commission (SEC) in the United States, the Cyprus Securities and Exchange Commission (CySEC), and the Monetary Authority of Singapore (MAS). These regulatory authorities usually maintain relatively high regulatory standards, and brokers regulated by them generally have higher compliance levels. You can check broker ranking lists under different regulators on the WikiFX platform, such as brokers regulated by FCA, ASIC, and CySEC, so as to compare brokers under different regulatory backgrounds more clearly and make safer choices.

WikiFX ratings are calculated based on a multi-dimensional data model, mainly including five dimensions: regulatory index, license index, business index, risk control index, and software index. The rating adopts a range system (0-10 points). The higher the score, the higher the broker's overall performance level. In addition, ratings are dynamically updated according to regulatory changes, complaint handling results, and historical data performance, making the rating more objective and timely. You can check the scores of each dimension and their trends on the WikiFX platform to evaluate the broker's actual situation more comprehensively.