Regulators

Indonesia Commodity and Derivatives Exchange (ICDX)

The Indonesian Commodity and Derivatives Exchange ICDX has been operating since 2009, and the products traded are gold, palm oil, spot foreign exchange, tin, stock ind...

Organization Profile

Exchange nature
Indonesia CoFTRA Approved Brokers and Traders
Investment varieties provided by the exchange
Gold, palm oil, spot foreign exchange, tin, stock index derivative contracts, single stock derivative contracts, commodity derivative contracts, crude oil, FBOT products (products offered by foreign exchanges, including financial products, agricultural commodities, energy commodities, metal commodities and Livestock commodities)
ICDX transactions are settled, secured and cleared by the Indonesian Clearing House (ICH).

Membership application

Indonesia ICDX Membership Requirements Brokers
1) Registered in Indonesia or abroad, it must be a limited liability company;
2) 100% Indonesian capital, or up to 99% foreign capital;
3) If it is a member of the clearing house, the broker can accept third-party funds to engage in any transaction-related activities, and can clear and guarantee the transaction; if it is not a member of the clearing house, all trading activities it conducts will be cleared by the member of the clearing house. Trader
1) Company
· Registration in Indonesia or abroad, any type of legal entity (private limited company; sole proprietorship/partnership);
·Indonesian capital accounts for 100%, or 100% foreign capital;
·Foreign entities (foreign members)
·Corporate foreign member - private limited company, must be a clearing house member
· Individual foreign members – must be cleared through a clearing house member
2) Individual
· Indonesian resident or foreign resident with NPWP (Indonesia Tax File Number);
· Anyone who meets ICDX KYC requirements

Application Fee

I. Membership Application Fee Member Broker Trader Company (Domestic) Individual (Domestic) Company (Foreign) Individual (Foreign) Application Fee 1.1 million IDR 1.1 million IDR 1.1 million IDR 100 USD 100 USD

2. Membership Fee
1) Broker membership fee (excluding 10% value-added tax) (unit: Indonesian Rupiah) Brokers outside the brokerage mall (customer foreign exchange delivery system) registration fee 1 million 1 million 1 million Membership fee 101 million 100 million Member transfer fee 5 million 5 million 5 million compensation fund 202 million 200 million monthly fee 1. No transaction 10 million 10 million 10 million 2. Monthly trading volume is 1-100 lots 5 million 5 million 5 million 3. Monthly Trading volume over 100 lots 2 million 2 million 2 million
2) Trader membership fee (excluding 10% value-added tax) (unit: Indonesian Rupiah) Individual company (domestic/foreign) OTC trader registration fee 1 million 1 million 1 million membership fee 5 million 50 million 100 million member transfer Fee 5 million 5 million monthly fee 1. No transaction 1 million 1 million 10 million 2. The monthly trading volume is 1-100 lots 5 million 3. The monthly trading volume exceeds 100 lots 2 million
Note:
10,000 rupiah is about 5 yuan.

Membership application process

Application process:
1. The company needs to meet the various requirements of the Indonesian ICDX for the applicant company, such as capital, internal management, etc.;
2. Fill in the application form: https://www.icdx.co.id/menu-indonesia-commodity-and-derivatives-exchange/membership/how-to-become-a-member
3. Payment
4. Provide more information, instructions or certification from the person in charge of the application, which may require a phone call or interview with the person in charge of the application.
Remarks:
1. Indonesia ICDX will not provide reasons for application rejection;
2. If the futures broker application is rejected, ICDX Indonesia will not refund the registration fee except the compensation fund;
3. ICDX Indonesia will issue the Exchange Membership Approval Letter (SPKB) and the Exchange Membership Certificate after agreeing to the membership application;
4. If you have obtained the SPKB and exchange membership certificate, but do not have a business license (futures broker) or registration certificate (futures dealer and remote futures dealer), you should immediately apply to Indonesia CoFTRA for relevant licenses and certificates.
For details, please visit: https://www.icdx.co.id/folder/p1.pdf

Membership inquiry

Inquiry method 1: Go to the official website https://www.icdx.co.id/, select "MEMBERSHIP" (member) under "OTHERS MENU" (other menu), click "MEMBER OF ICDX" (ICDX member) See the company list.
Query method 2: Go directly to https://www.icdx.co.id/menu-indonesia-commodity-and-derivatives-exchange/membership/member-of-icdx to see the company list.

Complaint Process

Only investors and lawyers representing investors can submit complaints to ICDX Indonesia.
Step 1: Complain to a futures broker
1. Investors first need to submit a complaint to the futures broker. The documents to be submitted are:
1) Time and complaint description;
2) A copy of the investor's identity;
3) Power of Attorney (if the complaint is made by a lawyer);
4) Copy of Power of Attorney;
5) A copy of the daily transaction report;
6) Copy of funds transfer certificate.
2. For futures brokers to handle complaints, the documents must include:
1) Complaint registration number;
2) Complaint content;
3) Complaint handling results and explanations.
Step 2: Complain to ICDX Indonesia
If the investor is not satisfied with the handling result of the broker, he can complain to ICDX Indonesia.
1. Investors or their lawyers submit complaints by registered mail or email;
2. The documents to be submitted for a written complaint are:
1) Time and complaint description;
2) The result of handling complaints of futures brokers;
3) A copy of the investor's identity, with the contact information of the investor or lawyer;
4) Power of Attorney (if the complaint is made by a lawyer);
5) Copy of Power of Attorney;
6) A copy of the daily trading day.
3. Indonesia ICDX confirms receipt of the complaint and sends an email to the investor or lawyer:
1)) Complaint registration number;
2) The date the complaint was received;
3) Name and identity of the investor;
4) The name and phone number of the staff member handling the complaint;
5) Summary of the complaint.
4. Indonesia ICDX will organize the received documents into a summary within 14 working days for mediation and review of complaints. In special circumstances, the time will be extended, but it will not exceed 28 working days.
5. Only ICDX mediators can initiate the dispute mediation process. The mediation will be completed within 14 working days after the summary is completed. In special circumstances, the time will be extended, but it will not exceed 28 working days.
6. If the investor and the futures broker reach a settlement agreement, the agreement is legally binding and final; if no settlement agreement is reached, the investor should settle the dispute according to the dispute settlement clause in the Mandatory Agreement.
Submit a complaint:
https://www.icdx.co.id/indonesia-commodity-and-derivatives-exchange-customers-complaint/customers-complaint-form
Questionnaire
https://drive.google.com/file/d/0BzUh7fqyym2oSHdDT3I4bFk2eXM/view
Complaint Form
https://drive.google.com/file/d/1krcGJql57oYmfiP-FLip294Qu8UR8niX/view

Related Links

Indonesia Commodity Futures Trading Regulatory Agency CoFTRA: www.bappebti.go.id
Indonesian Financial Services Regulatory Authority OJK: http://www.ojk.go.id/en/Default.aspx
Indonesia Clearing House ICH: https://www.ich.co.id/

Contact information

Address: Jl. Prajurit KKO Usman dan Harun No.16,RT.2/RW.1, Senen. Jakarta Pusat.DKI Jakarta, Indonesia. 10410 .
Tel: +62 21 3002 7788
Fax: +62 21 3002 7789
Email: [email protected]
Regulatory Department Tel: +62 21 3002 7788 Ext 266 (MRS. RENY)
Online consultation: https://www.icdx.co.id/contact-us

Relevant Navigation

No comments

No comments...