Central Capital Futures Review by professional crypto currency trading experts the “ForexSQ” FX trading team, Everything you need to know about the broker is in this Central Capital Futures (CCF) Review.
Central Capital Futures Review
Central Capital Futures (CCF) is an Indonesian forex and futures broker, which offers some unique features. They put a lot of efforts towards educating local clients and even some additional anayitical tools. This shows good intentions and while we have some issues with this broker, they may be a decent choice for beginners. In this review we will focus on their currency trading offer.
Central Capital Futures (CCF) Advantages
Regulated in Indonesia
The most important thing to note about Central Capital Futures is the fact they are a regulated company. They are overseen by the Supervisory Board and the Commodity Futures Trading Regulatory Agency (BAPPEBTI), while also being a member of the Indonesian Derivatives Clearing House and the Jakarta Futures Exchange.
While this sounds like a lot, it’s simply the way the financial services sector in Inodnesia operates. While most western countries have a more streamlined system, this one is also rather respectable.
1:100 in leverage
Some may find to be a low offer, but this can be debated. The 1:100 ratio is classic, as it is sufficient for more traders (and makes calculations much simpler). If you feel the need to trade with more leverage, you may be overdoing it. Still, there are brokers willing to facilitate 1:500 or even more.
MetaTrader4 available
This is the industry leading platform, at the time of writing of this review. MT4 has (possibly) the best charting and with the variety of custom indicators, every possible system can be executed easily. On top of that there is support for automated strategies (better known as Expert Advisors). The platform also has mobile and web-based versions.
Additional software
CCF offers three extra analytical features, only available to their real clients. They include an AI prediction platform, a news prediction system, and a currency strength index module. This may not seem like something so special to an experienced trader, but will definitely be appreciated by others. Check the screenshot below for more details:
Local community
The most unique feature of Central Capital Futures is the support which they provide for clients. They host a club and even hold the occasional dinners, where traders discuss their experience. You may think this is redundant in the informational age, but in our opinion it’s still a nice touch.
Central Capital Futures (CCF) Disadvantages
Very high costs of trading
Spreads at Central Capital Futures are fixed. While this is not an issue by itself, they start from 3 pips on EUR/USD, with an added $50 commission per lot.
$1 in commissions = 0.1 pips in spread (for pairs where USD is the second currency)
This makes the actual costs at CCF a minimum of 8 pips per trade, which is nowhere near the current offers by other brokers. With fees so high, even the best traders will struggle to make a decent profit. Basically everything above 1.5-2 pips is not that impressive. To check the levels provided by some of the best in the business, take a look at our real-time spread comparison system.
No information on deposit methods
Nowadays a lot of companies do business with e-wallets such as Skrill and Neteller. The lack of ant details about payments (including the minimum requirement) is not as big of an issue as the spreads, given the personal nature of this broker.
Central Capital Futures (CCF) is a regulated Indonesian forex and futures broker. They have a very personal attitude towards clients, hosting social events and provide unique analytical tools. This makes them a very beginner-friendly company. On the other hand the spreads at CCF are very high. This essentially makes their entire business model self-defeating – they get a new trader, put a lot of effort in educating him and later on he is very likely to move to a better broker.
One of the ways for CCF to guarantee the loyalty of its clients is the fact they are a regulated broker. The Indonesian watchdog (BAPPEBTI) may not sound that trustworthy to a foreigner, but we have only seen decent feedback on them. Those of you who prefer dealing with a more globally-oriented broker, should look at the ones overseen by the UK’s Financial Conduct Authority (FCA). These are some of the most respected and secure brokerages and we will just like to mention two of the principles which they follow.
All the deposits made to such a broker are kept in segregated accounts. These are special banking conditions, which prevent the company from spending (and stealing) your funds. The second principle is the mandatory participation in the Financial Services Compensation Scheme (FSCS). This mechanism will cover your loss, if your investment intermediary goes bankrupt (up to £50,000).
Central Capital Futures Review Conclusion
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