JFX — Australia
First State Futures
Regulated · No. SPAB-058/BBJ/01/04
FirstState-Futures Review — Overview
Regulation
Offshore regulated
Licence
JFX · No. SPAB-058/BBJ/01/04
Licence status
Regulated
Platforms
Meta Trader 4, JAFeTS now
Max. leverage
1:100
Instruments
Forex and CFDs
Operating
5-10 years
Main market
MY
Entity
First State Futures
Website
Unknown
FirstState-Futures is a forex & CFD broker based in Indonesia, operating for 5-10 years. On Trust Broker Hub it holds a Trust Score of 4.4 out of 10, which we rate as Fair — below the 5.3/10 average for brokers that hold a verified licence. Mixed profile — check regulation and conditions before depositing.
FirstState-Futures's licence comes from an offshore jurisdiction (JFX). Offshore regulation is far lighter than tier-1 oversight from bodies like the FCA (UK) or ASIC (Australia): there is usually no compensation scheme, and recovering funds can be difficult if the broker runs into trouble. Treat it with extra caution and verify the licence on the regulator's own register.
FirstState-Futures provides access to forex and CFDs. Published conditions include leverage up to 1:100. No complaints are currently on record. Overall, FirstState-Futures has a mixed profile: check its regulation and conditions carefully before depositing.
Trust score breakdown
How is this calculated?
Weighted total
5.45
Data completeness
6 of 10 facts verified
60% ×0.80
Trust Score
4.4 / 10
Trust Score history
FirstState-Futures currently scores 4.4/10. The trend line will build here as the Trust Score is re-evaluated over time.
Pros
- Holds a JFX licence
- No unresolved complaints on record
- Listed in our verified broker directory
Cons
- Offshore-only regulation with weaker investor protection
- Always verify the licence directly before depositing
Regulation
Tier 3 · Offshore
Verified
Offshore (tier-3) regulators typically have lower capital requirements and no compensation scheme. Funds may not be protected if the broker fails.
Trading conditions
| Instruments | Not disclosed |
| Minimum deposit | Not disclosed |
| Maximum leverage | 1:100 |
| Typical spread | Not disclosed |
| Platforms | Meta Trader 4, JAFeTS now |
| Demo account | Avalible |
We mark unverified fields as “Not disclosed” rather than estimate them.
Our verdict on FirstState-Futures
Our analysis · editorial
4.4/10
A mixed risk profile
FirstState-Futures is regulated in an offshore jurisdiction (JFX), which offers lighter oversight than tier-1 regimes. It is based in Indonesia. We have no complaints on record against it. Weighing regulation, track record and complaint history, our Trust Score is 4.4/10 — a mixed profile.
Strengths
- No complaints on record with us
- Supports Meta Trader 4 & JAFeTS now trading
Watch-outs
- Regulated only in an offshore jurisdiction — weaker investor protection
Bottom line: Proceed with caution: start with a small deposit and test a withdrawal early.
This is Trust Broker Hub's data-driven editorial assessment — not a user review. It is generated automatically from regulation, licensing, company age and complaint records, and updates as those change.
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FirstState-Futures — Questions & Answers
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Complaints & alerts
No complaints or regulator warnings on record
We monitor regulator alert lists and user reports. We'll flag FirstState-Futures here if that changes.
Full specifications
Regulated region
Indonesia
Operating period
5-10 years
Main market
MY
Licensed entity
First State Futures
License status
Regulated
Frequently asked
Is FirstState-Futures a safe broker?
FirstState-Futures scores 4.4 / 10 on our Trust Score, below the 5.3 average for brokers that hold a verified licence. It is only offshore-regulated, which means weaker protection. It has no complaints on record with us, though that is not proof of good conduct. Trade only with funds you can afford to lose.
How is the FirstState-Futures trust score calculated?
The score weighs five factors: regulation tier, transparency of disclosures, operating footprint, user sentiment, and complaint history. Each is scored out of 10 and combined into the overall figure shown at the top. Read our methodology.
What does "offshore regulated" mean?
It means the broker's licence comes from a jurisdiction with lighter requirements than tier-1 regulators like the FCA or ASIC. There's usually no compensation scheme, so recovering funds can be difficult if the broker fails.
Can I withdraw funds easily from FirstState-Futures?
FirstState-Futures publishes some trading terms, but always confirm withdrawal fees directly. Test with a small amount first and document every transaction.