Abstract:PT Equityworld Futures was established in 2005 with six operational offices in Surabaya, Jakarta, Semarang, Medan, Manado, and Samarinda, and currently holds the Indonesia BAPPEBTI Retail Forex license (license number: 850/BAPPEBTI/SI/12/2005).
Basic Information & Regulation of Equityworld Futures
PT Equityworld Futures was established in 2005 with six operational offices in Surabaya, Jakarta, Semarang, Medan, Manado, and Samarinda, and currently holds the Indonesia BAPPEBTI Retail Forex license (license number: 850/BAPPEBTI/SI/12/2005).
Market Instruments of Equityworld Futures
Equityworld Futures offers multilateral products such as futures oil, gold futures contracts, and 250-gram gold futures contracts. Bilateral products mainly include Hang Seng Index futures on the Hong Kong Stock Exchange, Japanese stock indices, London gold contracts, EURUSD, AUDUSD, GBP/USD.
Spreads & Commissions of Equityworld Futures
The minimum spread on the Equityworld Futures platform is 8 pips per side for the Hong Kong Hang Seng Index, 4 pips per side for USD CHF, 4 pips per side for USD JPY, 4 pips per side for AUD USD, 4 pips per side for EUR USD and 4 pips per side for GBP USD. Rollover fees for buy/sell is 5 USD per lot and VAT is 10% of the commission.
Trading Platform Available
Equityworld Futures offers traders a mobile application rather than the current market-leading MT4/MT5 trading platforms.
Deposit and Withdrawal of Equityworld Futures
Equityworld Futures clients can withdraw funds at any time during banking hours, provided that they do not exceed the active margin on the client's daily trade report. Withdrawal requests are usually processed within three business days.
Summary
The main disadvantages of Equityworld Futures are:
1. High transaction costs
2. Non-MT4/MT5 trading platform
3. No account information provided
4. No live customer support
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Company summary
Company Profile
Societe Generale was originally founded in 1864 by a group of manufacturers and financiers to support the growth of trade and industry in French. The bank opened 32 offices throughout France. As early as 1867, Societe Generale had a network of commercial agents in Japan