A transparent weighted score from objective public data — each factor scored 0–100 (higher = riskier), combined by the weights below.
| Factor | Score | Weight |
|---|---|---|
| Regulation & licensing | 38 | 35% |
| Company age | 45 | 15% |
| Clone / impersonation | 0 | 12% |
| Withdrawal & exposure complaints | 0 | 12% |
| Offshore registration | 45 | 8% |
| Transparency (site/info/social) | 25 | 10% |
Based on public regulatory records, industry databases and independent reviews (Trustpilot, Forex Peace Army). Exit Risk reflects recent negative momentum in real reviews. A risk estimate from public data, not a definitive legal judgment; brokers may request a correction.
| Regulator | License type | License No. | Region | Status |
|---|---|---|---|---|
| BAPPEBTI | Forex Trading License (EP) | 338/BAPPEBTI/SI/IV/2004 | Indonesia | Regulated |
| ICDX | Derivatives Trading License (EP) | 037/SPKB/ICDX/Dir/VIII/2010 | Indonesia | Regulated |
Across 1 recent Trustpilot reviews, 0% are 1–2 star.
0FIRST STATE FUTURES is a forex and CFD broker based in Indonesia, with records dating to 2023-04-12. It reports oversight from BAPPEBTI, ICDX.
FXCanary’s verdict is “Guarded.” There are enough red flags that we’d urge caution before depositing.
Overview compiled by FXCanary from regulatory records and public data. full FIRST STATE FUTURES review