Under Bappebti regulations, our trading scheme is classified as Order Routing to Foreign Exchanges (PALN) for single-stock derivative contracts, while CFDs are typically categorized under the Alternative Trading System (SPA).
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CFDs often involve high leverage, overnight financing costs, the ability to short stocks, and up to 1% in hidden costs within the bid-ask spread. Gotrade Indonesia uses the National Best Bid and Offer (NBBO) scheme to ensure you get the best prices, offering fully-backed contracts by actual stocks without these characteristics.
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Gotrade provides access to U.S. stocks from Indonesia through fully-backed contracts.
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You enter into a contract with PT Valbury Asia Futures ("Valbury"), a Bappebti-registered broker in Indonesia. Valbury fully supports its contracts with Alpaca Securities LLC, a FINRA-licensed broker-dealer in the United States.
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When you purchase shares, you contract with Valbury. For example, if you buy 0.10 shares of Facebook at $100 per share, that totals $10.
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Valbury takes your $10 and buys 0.10 shares of Facebook in the U.S. through Alpaca Securities. After a week, Facebook’s price rises to $150 per share. Your 0.10 shares are now worth $15. You decide to sell. Valbury sells your 0.10 shares of Facebook in the U.S. and returns $15 to you, with T+1 settlement requiring one business day before the transaction becomes withdrawable cash in your Gotrade account.
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All your trades are registered and reported to the Jakarta Futures Exchange.