General Information
Eagle Capital Futures Ltd. (PT Rajawali Kapital Berjangka) is a brokerage company as well as a member of Indonesia Commodity and Derivatives Exchange (ICDX). Currently, E Capital focuses on Southeast Asia's market and provides services for both retail and corporate customers in conducting futures and commodity product transactions that are traded directly on The Exchange. The company is regulated by Badan Pengawas Perdagangan Berjangka Komoditi Kementerian Perdagangan (BAPPEBTI) ((No. 003/BAPPEBTI/SI/08/2020).) and ICDX (No. 196/SPKB/ICDX/DIR/III/2020), ensuring compliance with regulatory requirements and maintaining a monitored trading environment.
E Capital provides different types of trading accounts, including the Demo Account for practice, the Live Account for real-money trading, and the Free SWAP Account tailored for micro-account trading.
The trading platform offered by E Capital is MetaTrader 5 (MT5), allowing clients access to global financial markets and featuring various tools and features to support trading strategies.
Customer support options provided by E Capital include email and phone assistance, along with a complaint submission portal for regulatory matters.
Pros and Cons
E Capital, also known as PT Rajawali Kapital Berjangka, is a regulated brokerage firm operating in Indonesia. It offers a range of market instruments including gold, oil, and forex, allowing investors to diversify their trading portfolio. The company is regulated by two reputable authorities, Badan Pengawas Perdagangan Berjangka Komoditi Kementerian Perdagangan (BAPPEBTI) and Indonesia Commodity and Derivatives Exchange (ICDX). E Capital offers three account types, including a Demo Account for practicing strategies, a Live Account for real-money trading, and a Free SWAP Account for micro-account trading. The partnership program offered by E Capital allows individuals or entities to maximize their income potential and benefit from a stable commission structure. While the company has its advantages, it's essential to consider potential drawbacks, such as the risk involved in trading financial products and the minimum deposit requirement for certain account types. Overall, E Capital provides a regulated and diversified trading experience for investors in the Indonesian market.
Is E Capital Legit？
E Capital, also known as PT Rajawali Kapital Berjangka, is regulated by two regulatory agencies in Indonesia:
1. Badan Pengawas Perdagangan Berjangka Komoditi Kementerian Perdagangan (BAPPEBTI): E Capital holds a retail forex license regulated by BAPPEBTI. The license number is 003/BAPPEBTI/SI/08/2020. BAPPEBTI is the regulatory body under the Indonesian Ministry of Trade responsible for overseeing and regulating commodity futures trading.
2. Indonesia Commodity and Derivatives Exchange (ICDX): E Capital is a member of the ICDX, regulated by the exchange. The license number is 196/SPKB/ICDX/DIR/III/2020. ICDX is a licensed commodity and derivatives exchange in Indonesia that provides a platform for trading various commodity and derivative products.
These regulatory agencies ensure that E Capital operates in compliance with the applicable rules and regulations in the Indonesian financial market.
Market Instruments
E Capital offers investors a range of market instruments to trade. Here is a description of the market instruments provided by E Capital:
1. Gold: Gold is a popular precious metal that has been valued for its beauty and rarity throughout history. It is widely regarded as a safe-haven asset and a store of value. In financial markets, gold is traded as a commodity and is influenced by factors such as supply and demand dynamics, geopolitical events, inflation, and currency fluctuations.
2. Oil: Oil, specifically referring to crude oil, is a highly traded commodity in the global markets. It is a vital energy source used in various industries, including transportation, manufacturing, and power generation. Oil prices are influenced by factors such as global demand and supply levels, geopolitical tensions, OPEC decisions, and economic indicators.
3. Forex: Forex, short for foreign exchange, involves the trading of different currencies against each other. The forex market is the largest and most liquid financial market globally. It operates 24 hours a day, five days a week, and allows investors to speculate on the value of one currency relative to another. Currency prices are influenced by a wide range of factors, including interest rates, economic indicators, geopolitical events, and market sentiment.
Account Types
E Capital offers three different account types to cater to the needs of its clients: Demo Account, Live Account, and Free SWAP Account. Each account type has its own features and requirements.
1. DEMO ACCOUNT: The Demo Account is a popular choice for traders who are new to the financial markets or want to test their trading strategies without risking real money. It is a simulated account that allows users to practice trading using virtual funds. The Demo Account provided by E Capital is free of charge, giving traders an opportunity to familiarize themselves with the trading platform, test strategies, and gain experience before transitioning to live trading. The Demo Account operates on the MetaTrader 5 (MT5) platform, which is widely recognized in the industry.
2. LIVE ACCOUNT: The Live Account is designed for traders who are ready to trade with real money. To open a Live Account with E Capital, a minimum deposit of $35 is required. This account type provides access to the full range of features and services offered by E Capital. Traders can trade a variety of financial instruments, benefit from low commissions, and floating rate spreads. Like the Demo Account, the Live Account operates on the MetaTrader 5 (MT5) platform, which offers advanced trading tools and features.
3. FREE SWAP ACCOUNT: The Free SWAP Account is another option provided by E Capital. It is similar to the Live Account in terms of minimum deposit requirements and features but is specifically tailored for micro-account trading. Traders can open a Free SWAP Account with a minimum deposit of $35. This account type also offers low commissions and floating rate spreads. The Free SWAP Account is suitable for traders who prefer to engage in micro-lot trading or have specific requirements related to overnight positions without incurring SWAP charges.
By offering these three account types, E Capital aims to accommodate the needs of different traders, whether they are beginners, experienced traders, or those looking for specific trading conditions. Traders can choose the account type that best suits their trading goals, preferences, and risk appetite. It's important for traders to carefully consider their trading objectives and review the terms and conditions associated with each account type before making a decision.
How to open an account with E Capital？
To open an account with E Capital:
1. Visit the E Capital website at https://ecapital.co.id.
2. Click on the “Register” button.
3. Fill in your full name, email, password, phone number, and any referral code (optional).
4. Agree to receive news and promotional emails and accept the terms and conditions.
5. Submit the registration form.
6. Verify your email (if required).
7. Complete any additional steps or provide necessary documentation as instructed.
Trading Platform
E Capital offers clients access to the MetaTrader 5 (MT5) trading platform. MT5 is a widely recognized and popular trading platform that provides access to financial markets worldwide. It offers a comprehensive set of tools and features for executing trades, conducting market analysis, and managing investment portfolios. Clients can access the MT5 platform through various devices, including desktop computers, mobile phones, and tablets. The platform is available for download from Playstore for Android users and Appstore for iOS users, allowing clients to trade on the go and stay connected to the markets at all times. With the MT5 platform, clients of E Capital can trade a range of financial instruments, monitor market conditions, and implement trading strategies efficiently.
E Capital offers a partnership program designed to help individuals or entities increase their income potential. Here is an overview of the partnership program:
1. COMMISSION STRUCTURE: Partners can earn a fee of $5 per lot traded by clients they refer to E Capital. The commission is based on the trading activity of referred clients.
2. STABLE EARNINGS: The partnership program provides partners with a fixed commission rate per lot traded. This offers stability and predictability in their earnings.
3. COMMUNITY SUPPORT: Partners have the opportunity to connect with other participants in the program, allowing for knowledge sharing and support within the community.
4. INCOME POTENTIAL: Partners can potentially earn unlimited income through the program. They start with a rebate of $2 per lot traded by referred clients and can increase their earnings based on performance and client trading activity.
5. BROKER SUPPORT: E Capital provides full support to partners, including educational resources, webinars, seminars, and more, to assist them in their role as Introducing Brokers (IBs) and expand their market presence.
6. IB NEEDS ASSISTANCE: E Capital understands the needs of IBs and offers support for their market expansion. This includes help with website development, office setup, and other requirements necessary for their business activities.
Customer Support
E Capital provides customer support services to assist clients with their inquiries and concerns. Here is a description of the customer support options provided by E Capital:
1. Email: Clients can reach out to E Capital's customer support team by sending an email to compliance@ecapital.co.id. This email address is specifically designated for compliance-related matters and can be used to seek assistance or clarification regarding regulatory compliance, account-related inquiries, or any other relevant concerns.
2. Phone: Clients can contact E Capital's customer support team by calling the phone number (+62) 22 3030 0025. This phone number serves as a direct line to the customer support department, allowing clients to speak with a representative for assistance or to address any issues they may have.
3. Online Complaint Submission: E Capital provides a link to the official complaint submission portal of the regulatory agency BAPPEBTI (Badan Pengawas Perdagangan Berjangka Komoditi) on their website. The link provided is https://pengaduan.bappebti.go.id. Clients can use this portal to submit any complaints or grievances related to their experience with E Capital or to report any suspected violations or misconduct.
4. Additional Contact Number: E Capital also provides an additional contact number for clients who need to get in touch with their customer support team. The number provided is +62 811 825 0088. Clients can use this number to reach out for assistance or to discuss any specific issues or requirements they may have.
Conclusion
E Capital, also known as PT Rajawali Kapital Berjangka, is a regulated brokerage firm operating in Indonesia. With its retail forex license from Badan Pengawas Perdagangan Berjangka Komoditi Kementerian Perdagangan (BAPPEBTI) and membership in the Indonesia Commodity and Derivatives Exchange (ICDX), E Capital ensures compliance with regulatory standards. The company offers a range of market instruments such as gold, oil, and forex for trading through the MetaTrader 5 (MT5) platform. E Capital provides three account types, including a free demo account, to cater to different trading needs. While the partnership program offers an opportunity to maximize income, E Capital's customer support is available through email and phone. However, some disadvantages include the lack of information on spreads, maximum leverage, and payment methods. Overall, E Capital provides a regulated trading environment with diverse market instruments and account options, but traders should consider the limitations before making decisions.
FAQs
Q: Is E Capital regulated？
A: Yes, E Capital is regulated by two regulatory agencies in Indonesia: Badan Pengawas Perdagangan Berjangka Komoditi Kementerian Perdagangan (BAPPEBTI) and Indonesia Commodity and Derivatives Exchange (ICDX).
Q: What market instruments can I trade with E Capital？
A: E Capital offers a range of market instruments including gold, oil, and forex.
Q: What are the account types offered by E Capital？
A: E Capital offers three account types: Demo Account, Live Account, and Free SWAP Account.
Q: How can I open an account with E Capital？
A: To open an account with E Capital, visit their website and complete the registration process, providing the required information.
Q: What trading platform does E Capital provide？
A: E Capital provides access to the MetaTrader 5 (MT5) trading platform.
Q: What is the partnership program offered by E Capital？
A: E Capital offers a partnership program where partners can earn commissions based on the trading activity of clients they refer to the company.
Risk Warning
All financial products have a high risk to your capital. It might not be suitable for anyone. Any activity including the financial products might cause loss to your initial deposit.
