Pruton Futures is an Indonesian based foreign exchange broker that was founded by market professionals with a vision to provide today’s retail traders the best brokerage available. Their aim is to provide a fully transparent service that provides interbank prices, is licensed and regulated, and simply offers the best service they can. We will be looking into the services on offer to see if these have been achieved and so you can decide if they are the right broker for you.
Account Types
It seems like there may just be the one account available from Pruton Futures, some of the features of this account include flexible leverage up to 1:100, fixed spreads starting from 3 pips, zero charges on account opening, access to limit and stop facilities, tradable assets such as Forex, gold, commodities, and indices. There are also managed account tools, direct market execution, and no spread widening on forex pairs.
Platforms
Pruton Futures uses MetaTrader 4 as its only trading platform, this platform offers a lot of features that millions of traders all over the world currently use. The MT4 platform offers high-speed execution and an advanced trading environment at your fingertips enabling you to trade forex, spot metals, indices, and CFD shares. The platform is also highly accessible as it can be used on a desktop computer, mobile devices, and in your internet browser in the form of a WebTrader.
Leverage
The leverage can go as high as 1:100, leverage can be selected when opening up an account and can be changed at any time by contacting the customer support team.
Trade Sizes
Trade sizes start from 1 lot which is pretty high for a starting amount and they go up in increments of 1 lot. We do not know what the maximum trade size is however or how many open trades you can have at any one time.
Trading Costs
The account on offer uses a spread based system so there are no added commissions on the trading. There are however swap charges which are fees for holding trades overnight and they can be viewed within the MetaTrader 4 trading platform.
Assets
The assets have been broken down into a number of different asset groups that we will now outline for you.
Forex: AUDAD, AUDCHF, AUDJPY, AUDNZD, AUDUSD, CADJPY, CHFJPY, EURAUD, EURCAD, EURCHF, EURGBP, EURJPY, EURNZD, EURUSDF, GBPAUD, GBPCAD, GBPCHF, GBPJPY, GBPNZD, GBPUSD, NZDCAD, NZDCHF, NZDJPY, NZDUSD, USDCAD, USDCHF, USDJPY, USDMXN, USDRUB, USDSGD, USDTRY, USDZAR.
Spot Metals: Just Gold is available here.
Indices: KOSPI, Hang Seng, and Nikkei.
Spreads
The spreads start from 3 pips, the spreads are fixed which means they do not change no matter what is happening on the markets. Different instruments will have different spreads so while EURUSD may have a fixed spread of 3 pips, EURUSD has a fixed spread of 9 pips.
Minimum Deposit
Unfortunately, we do not know what the minimum deposit amount is, it is strange for this information not to be made more obvious as it is quite important to know how much you will need to open up an account.
Deposit Methods & Costs
At the bottom of the site, there is a little note stating that Pruton Futures accepts all major Credit/Debit cards, however on the funding page there is only information about Bank Wire Transfers, so we will assume that both are available. Pruton Futures will not add any fees of their own, but you will be responsible for paying any fees incurred by your own bank or card issuer.
Withdrawal Methods & Costs
When withdrawing it seems that you can only withdraw via Bank Wire Transfer, there are no added fees on the withdrawals which is good to see.
Withdrawal Processing & Wait Time
Any requests made before 12:00 pm GMT +7 will be processed on the same working day, any requests after this time will be processed on the next working day. Once a request has been processed it will take between 1 to 5 working days for the funds to fully process depending on your own bank’s processing times.
Bonuses & Promotions
Looking around the site it does not appear that there are any active promotions or bonuses at the time of writing this review. If you are after bonuses then you could contact the customer service team to see if there are any upcoming bonuses that you can take part in.
Educational & Trading Tools
There is a knowledge page but this doesn’t really offer much in the way of education or information. It is a shame that there is no additional education on the site as a lot of brokers are now trying to help their clients improve their trading so it would be nice to see Pruton Futures do something similar.
Customer Service
You can contact Pruton Futures in a few different ways, you can use the online submission form, fill in your question or query and you should then get a reply via email. There are also email addresses available for various departments such as general information, technical support, deposit and withdrawals, and partnerships. There is also a postal address, phone numbers, and skype support available.
Address: 32 Floor, Menara Standard Chartered, Jl. Prof. Dr Satrio KAV 164, Jakarta Selatan 12930, Indonesia
Phone: +6222 2553 2708
Email: [email protected]
Demo Account
Demo accounts are available, in order to open one you will need to download the MetaTrader 4 trading platform and open up a demo account from within it. Demo accounts allow you to test out new strategies and the trading conditions without risking any of your own capital.
Countries Accepted
This information is not present on the site so if you are interested in signing up we would recommend contacting the customer service team first to see if you are eligible for an account.
Conclusion
Things are kept simple with just the one account and one trading platform. The trading conditions can be a little expensive, while there are no added commissions, having a fixed spread starting from 3 pips can make trading quite expensive. There are enough assets to keep you busy but there could still be some additional ones such as metals added. In terms of deposits and withdrawals, the methods are a little limited and those who normally use electronic processors will be left without a way to deposit. With the limited funding methods and high spreads, we would suggest looking for another broker that isn’t quite as expensive to trade with.