PT First State Futures
Primary
ID
Registration not shown
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1 entity
1 account
unverified
unverified
unverified
Broker profile
FI
First State Futures Review: Is It Legit and Regulated?
PT First State Futures
ID
Since 2009
AKA First State Futures
AKA FSF
FindMyFX score
high risk5.6/10
0
Score out of 10
10
Independent assessment
Updated 2026-07-23
Contact & regulation
- Official website
- fsf.co.id
- Address
- Firstalindo Building, Jl. Sulawesi No. 48, Surabaya, East Java, Indonesia
- Contact
- [email protected]
- Primary license
- BAPPEBTI · Unverified
Missing values mean the information has not been verified or published yet—not that the broker does not provide it.
Quick verdict
Is First State Futures legit and regulated?
FindMyFX has license records for First State Futures, but none is currently presented as fully verified. Check each entity, jurisdiction, source, and verification date before depositing.
This is a source-limited research summary, not a safety guarantee or investment recommendation.
Broker-provided profile information is reviewed before publication. Paid profile features never affect FindMyFX scores, license verification, risk flags, reviews, complaints, or editorial decisions.
Broker-provided company information
Indonesian broker for bilateral currencies and other derivatives plus multilateral futures.
Professional broker overview
FindMyFX editorial summary
First State Futures states that it began in 2009 and lists currencies, gold, oil, indices and multilateral futures. Its site publishes several Indonesian permit and exchange identifiers. Bappebti separately lists business license 338/BAPPEBTI/SI/IV/2004, so permit references need reconciliation.
Prepared from reviewed sources for informational purposes. This is not investment advice.
Editorial note: Current minimum deposit, leverage and typical major-pair spread were not found.
- Operational status
- active
- Broker type
- unknown
- Execution model
- Indonesian bilateral and multilateral derivatives brokerage.
- Support hours
- 09:00-17:00 WIB
Support languages: Indonesian, English
Documented advantages
- Official broker and Bappebti sources identify the entity and permits.
Documented limitations
- Two official Bappebti permit references need classification review.
100%coverage
Published profile coverage
8 of 8 core information groups currently contain published data. This measures data availability, not broker quality or safety.
Company structure
Legal entities
Registered companies associated with this broker profile.
Trading access
Account types
Available account structures and their current verification state.
Bilateral account
unverified- Deposit
- Not shown
- Leverage
- Not shown
Transaction cost advertised from USD 0.1; exact applicability requires confirmation.
- Spread
- Not shown
- Base currencies
- IDR, USD
- Margin call / stop-out
- —% / —%
- Demo / Islamic
- Yes / Unknown
- Balance protection
- Unknown
- Last verified
- Not verified
Markets and instruments
Currencies
unverified
equity indices
unverified
gold
unverified
Multilateral commodity futures
unverified
Oil
unverified
Deposit and withdrawal methods
Bank transfer
unverifiedDeposit: Yes · Withdrawal: Yes
Processing time not shown · Fee not shown
Segregated bank transfer
unverifiedDeposit: Yes · Withdrawal: Yes
Processing time not shown · Fee not shown
Additional broker contacts
Main telephone
+62 31 505 5599
Research sources
Licenses and regulators
BAPPEBTI
338/BAPPEBTI/SI/IV/2004
Last verified: Not shown
Type: Pialang berjangka
Client class: Not shown
Compensation: Not shown
Segregated funds: Unknown
Negative balance protection: Unknown
BAPPEBTI
18/BAPPEBTI/PN/3/2010
Last verified: Not shown
Type: Permit reference published by the broker
Client class: Not shown
Compensation: Not shown
Segregated funds: Unknown
Negative balance protection: Unknown
Score components
Regulation and licenses
7.5/10 · 35%Official evidence is incomplete or status-limited.
Security and track record
5.0/10 · 20%No complete authoritative track-record audit was available.
Trading conditions
5.0/10 · 15%Public trading-condition data is incomplete.
Company transparency
7.5/10 · 10%Official identity and operating details are partly documented.
Service quality
5.0/10 · 10%Official support details exist without verified quality metrics.
Verified user reviews
0.0/10 · 10%No inspectable verified review dataset was found.
Profile update history
Broker profile was published.
2026-07-22
Related regulated broker profiles
These profiles share at least one recorded regulator. This is not a recommendation or equivalence claim.