Basic Information & Regulation of Java
Java is a futures contract broker in Indonesia, headquartered in Jakarta and currently regulated by the Indonesian Commodity Futures Trading Exchange Regulatory Agency (Regulatory No. 922/BAPPEBTI/SI/08/2006).
Market Instruments
Java provides investors with financial trading assets such as popular currency pairs in the foreign exchange market, metals, energy, and Asian stocks.
Accounts & Leverage of Java
The official Java website shows a Titan account with a minimum deposit of $200 and a minimum trading lot size of 0.1, and a maximum of 20 lots. The account can trade 24 currency pairs, oil, gold, and silver. The maximum trading leverage offered by Java is 1:200.
Spreads & Commissions
The spreads on Java's Titan account are 1.8 pips on EURUSD, plus no commissions. Java's spreads are slightly above the industry standard and not very competitive.
Trading Platforms Available of Java
Java offers traders the world's leading MT5 trading software. MT5 is the latest generation of the MT4 trading platform, with more time frames and technical indicators, supporting the MQL5 programming language and support for EA and automated trading.
Summary
The main disadvantages of Java are:
1. High minimum initial deposit requirements
2. Uncompetitive spreads
3. No deposit and withdrawal options