Overview of Inter Pan
Inter Pan, founded in 2021 and based in Indonesia, is a brokerage firm regulated by BAPPEBTI and JFX. Inter Pan offers a diverse range of market instruments, including Forex, commodities like metal and oil, indices, and multilateral options.
They provide competitive trading conditions with spreads as low as 0 pip. Clients have access to the Meta Trader 5 platform, along with a demo account for practice trading. For customer support, they offer phone assistance through two numbers.
Additionally, Inter Pan emphasizes investor education, providing resources on fundamental introductions and technical analysis to support their clients trading knowledge and skills.
Is Inter Pan Limited Legit or a Scam？
Inter Pan, operating as PT. INTER PAN PASIFIK FUTURES, holds a Retail Forex License from BAPPEBTI, Indonesia's regulatory body for commodity futures trading. The BAPPEBTI license number is 427/BAPPEBTI/SI/VII/2004 and is categorized as “Sharing.” The firm's contact number is (021) 80679362, and its official website is www.fxinterpan.com.
In addition, Inter Pan is also regulated by the Jakarta Futures Exchange (JFX) under a Retail Forex License, with the license number SPAB-056/BBJ/12/03, classified as “No Sharing.” This dual licensing by BAPPEBTI and JFX ensures Inter Pan's compliance with Indonesian financial regulations, providing a secure trading environment.
Pros and Cons
Pros of Inter Pan:
Various Market Instruments: Inter Pan offers a range of trading options including Forex, commodities (like metal and oil), indices, and multilateral trading, making varied trading interests and strategies.
Competitive Spreads: Offering spreads as low as 0 pip makes Inter Pan an attractive choice for traders looking to minimize trading costs and maximize potential profits.
Advanced Trading Platform: The utilization of Meta Trader 5, a renowned and powerful trading platform, provides traders with advanced tools and features for effective trading.
Demo Account Availability: The availability of a demo account is beneficial for both new and experienced traders to practice and develop trading strategies without risking real capital.
Comprehensive Customer Support and Educational Resources: Inter Pan provides robust customer support through phone and email, and offers educational resources on fundamental introduction, technical analysis, and risk management, which are crucial for informed trading.
Cons of Inter Pan:
Newly Established Company: Being founded in 2021, Inter Pan is relatively new in the market, which may pose concerns regarding its market experience and stability.
Regional Focus: As a company registered in Indonesia and regulated by BAPPEBTI and JFX, its services and expertise might be more regionally focused, potentially limiting appeal for global traders.
Market Risk: Trading in Forex, commodities, and indices involves inherent risks due to market volatility, which can lead to significant financial losses if not managed properly.
Regulatory Constraints: Adherence to specific regional regulations might limit certain trading activities or offerings compared to other international brokers.
Limited Platform Choice: While Meta Trader 5 is a sophisticated platform, offering only one trading platform might limit options for traders who prefer using different or multiple platforms for their trading activities.
Market Instruments
Inter Pan offers a diverse range of market instruments for trading, with various investor interests and strategies. These instruments include:
Forex Trading:
Forex, short for foreign exchange, is a popular choice in the Alternative Trading System (SPA) globally. It involves the exchange of one currency for another in pairs, such as Euro against US Dollar (EUR/USD) or US Dollar against Japanese Yen (USD/JPY).
Traders engage in forex not just for currency exchange but to profit from these transactions. Inter Pan offers trading in several major currencies including USD, EUR, GBP, AUD, CHF, JPY, CAD, and NZD, catering to a broad spectrum of forex traders.
Commodities Trading:
Commodities trading with Inter Pan includes physical substances like agricultural products and minerals. It allows investors or traders to buy or sell commodities through futures or spot markets.
Focusing on gold and oil, commodities trading is a prime instrument for investors, including those with smaller capitals, to potentially gain substantial profits in a relatively short period.
XAU and crude oil contracts based on Loco London physical market and NYMEX respectively are featured, with benefits like low spreads, high liquidity, and online trading via MetaTrader5.
Stock Indexes (STODEX):
Stock indexes represent the price or value of a group of stocks categorized based on certain criteria and are an indicator of the price movement of the represented stocks.
Each country has its own criteria for sorting and trading stock indexes. Inter Pan offers trading in major indexes like KOSPI, representing the South Korean stock market, and DAX, the German stock index.
These indexes are traded as contracts with specified units (lots), contract values, and delivery periods, providing an avenue for traders to speculate on entire market segments.
Multilateral Contracts:
Inter Pan offers various multilateral contracts, including futures contracts for gold and coffee (both Arabica and Robusta types), as well as periodic contracts for gold in different weights (5 grams, 10 grams, 25 grams, 50 grams, 100 grams, 1 kg, 250 grams, 100 grams).
Additionally, they offer futures contracts for cocoa and olein (20 tons). These contracts provide traders with a range of options to invest in commodities beyond the conventional forex and stock index markets, broadening their investment portfolio.
These instruments together present a huge suite of options for traders, accommodating a range of trading styles and risk appetites.
How to Open an Account？
Opening an account with Inter Pan can be done in four simple steps:
Eligibility Check: First, confirm that you meet the eligibility criteria for opening an account with Inter Pan. This generally includes being of legal age as per Indonesian regulations and fulfilling any residency or financial requirements that the firm may have.
Document Preparation: Collect all necessary documents required for the account opening process. Typically, this involves valid identification documents (such as a passport or national ID), proof of residence (like a recent utility bill or bank statement), and possibly financial documents for verification.
Complete the Online Application: Access the account opening application on Inter Pan's official website or through their trading platform. Accurately fill in the required personal and financial information, ensuring all details are current and correct to facilitate a smooth approval process.
Verification and Activation: Once your application is submitted, Inter Pan will process and verify the provided information. This step may include additional compliance checks as per regulatory requirements. After your application is approved and your account is verified, it will be activated. You will receive confirmation, likely via email, indicating that your account is ready for use.
Spreads
Inter Pan offers highly competitive trading conditions in terms of spreads:
Spreads: They advertise spreads as low as 0 pip. This means traders can potentially engage in trading with extremely tight spreads, which is particularly beneficial for strategies like scalping or high-frequency trading, where transaction costs significantly impact profitability.
Trading Platform
Inter Pan offers the Meta Trader 5 (MT5) as its primary trading platform, meeting a diverse range of traders. MT5, renowned for its advanced features, provides extensive charting tools, supports multi-asset trading including Forex, commodities, and indices, and allows for algorithmic trading with Expert Advisors (EAs).
It offers real-time market access, ensuring traders can make timely decisions based on current market conditions. The platform is known for its customizable interface, allowing traders to adapt the layout to their specific needs, and incorporates advanced security measures for data and transaction protection.
This combination of features makes MT5 an ideal choice for both novice and experienced traders seeking a robust and versatile trading environment.
Customer Support
Inter Pan offers dedicated customer support to assist its clients with any inquiries or issues they may encounter. For customer complaints or specific support queries, clients can reach out via email to support@interpan.co.id.
This email channel provides a direct line of communication for detailed inquiries or issues that may require more in-depth support or documentation.
Additionally, for immediate assistance or general queries, clients have the option to contact Inter Pan's customer service team through two phone numbers: 0804 1123 123 and (021) 8067 9362.
These phone lines are likely staffed by knowledgeable support personnel who can provide real-time help with account issues, trading platform questions, or other concerns. This multi-channel support system underscores Inter Pan's commitment to offering accessible and responsive customer service to its clients.
Educational Resource
Inter Pan offers a comprehensive educational suite aimed at enhancing the trading skills and knowledge of its clients.
This includes resources on fundamental introduction to markets, technical analysis, and risk management.
These educational offerings are designed to equip both novice and experienced traders with the necessary tools and insights to navigate the complexities of forex and commodities trading.
By covering the basics of market operations, advanced analytical techniques, and effective risk control strategies, Inter Pan ensures its clients are well-prepared to make informed trading decisions in the dynamic financial markets.
Conclusion
In conclusion, Inter Pan, established in 2021 in Indonesia and regulated by BAPPEBTI and JFX, presents a promising option for traders.
Offering a diverse range of market instruments, including Forex, commodities, index and multilateral, along with the advanced Meta Trader 5 platform, it shows various trading styles. Also,Inter Pan offers a spread as low as 0.
Additionally, Inter Pan's commitment to trader education and its provision of multiple deposit and withdrawal methods, combined with responsive customer support, positions it as a user-friendly and resourceful brokerage firm for traders in the region and beyond.
FAQs
Q: What regulatory bodies oversee Inter Pan？
A: Inter Pan is regulated by the Badan Pengawas Perdagangan Berjangka Komoditi (BAPPEBTI) and the Jakarta Futures Exchange (JFX) in Indonesia.
Q: What types of trading platforms does Inter Pan offer？
A: Inter Pan provides its clients with the Meta Trader 5 (MT5) trading platform.
Q: What are the spread charges at Inter Pan？
A: Inter Pan offers spreads as low as 0 pip.
Q: How can I contact Inter Pan for support？
A: You can contact Inter Pan's customer support via email at support@interpan.co.id or by phone at 0804 1123 123 / (021) 8067 9362.
Q: Does Inter Pan provide educational resources for traders？
A: Yes, Inter Pan offers educational resources on fundamental analysis, including understanding fundamentals, interpreting fundamental news, and analyzing key economic data.
