FAQ

FAQ

  1. What types of memberships are available ?
    Non Clearing Membership Types
    1. Trader Members
      Trader Members can be corporate or individual that are domiciled locally or internationally. This class of membership does not allow members to solicit and accept trades from customers. Trader members can only trade on their own house account. All in-house trades done by this category of members are to be cleared by a broker member who has a clearing membership.
    2. Broker Members
      Broker Members must be corporate entities that are domiciled locally or internationally (up to a limit of 99% foreign owned). This class of membership gives members the permission to solicit and accept trades from customers. Hence, broker members are allowed to take third party funds for any trading related activities. All trades done by this category of members are to be cleared by a broker member who has a clearing membership.

    Clearing Membership Types
    1. Trader Members
      Trader Members can be corporate or individual that are domiciled locally or internationally. This class of membership does not allow members to solicit and accept trades from customers. Trader member can only trade and clear their own in-house trades.
    2. Broker Members
      Broker Members must be corporate entities that are domiciled locally or internationally (up to a limit of 99% foreign owned). This class of membership gives members the permission to solicit and accept trades from customers. Hence, broker members are allowed to take third party funds for any trading related activities. In addition, broker members can clear and guarantee all trades (own client trades and non-clearing members' trades).
  2. Who are eligible for Membership in ICDX ?
    1. Trader Members
      Trader Members can be corporate or individual that are domiciled locally or internationally. Corporate entities (e.g private limited companies, partnerships etc) can be 100% Indonesian owned or 100% foreign owned. Individuals should be either Indonesian residents with NPWP (Indonesian Tax ID's) or Foreigners with NPWP.
    2. Broker Members
      Broker Members must be corporate applicants that are domiciled locally or internationally). Corporate entities (e.g private limited companies, partnerships etc) can be 100% Indonesian owned or up to 99% foreign owned.

  3. Legal Entities Eligible for Membership
    1. Corporate Entities
      1. Local Indonesian incorporated companies
        1. Private limited company (Brokers must be a Private Limited Company)
        2. raders can be private limited company as well as "sole proprietorship / partnerships" etc (Traders can be any type of legal entity)
        3. Indonesian owned 100%
        4. Trader entities can be 100% foreign owned (assuming the Trader itself is an Indonesian domiciled entity)
        5. Broker entities cannot be 100% foreign owned. Broker entities operating in Indonesia can be up to 99% foreign owned. Broker entities can only be private limited companies
      2. International Entities (Remote Memberships)
        1. Corporate Remote Members - Structure would typically be a Private Limited Company. Must be a Clearing Member
        2. Individual Remote Members – must clear through a Clearing Member
    2. Individuals that can be Exchange Members
      1. Local Indonesian Domiciled
        1. Indonesian Residents with NPWP (Indonesian Tax ID's)
        2. Foreigners with NPWP (Indonesian Tax ID's)
      2. International Domiciled
        1. Can be any individual that meets with ICDX KYC requirements
        2. Individual Remote Members – must clear through a Clearing Member

  4. How does one apply for membership ?
    Please click here to go to the section to download the application forms.
  5. What are the membership application fees ?
    Application fees are as follows:
    Broker MemberCorporate Trader Member(Local)Individual Trader Member(Local)Corporate Trader Member(Remote)Individual Trader Member(Remote)
    Application FeesIDR 1,100,000IDR 1,100,000 IDR 1,100,000 USD 100USD 100
  6. How do I pay the membership fees ?
    Applicants should transfer the application fees to one of the following bank accounts.

    For ICDX Registration and Joining Fee Payment (Broker and Trader)
    Name of Bank Bank Central Asia (BCA)
    Bank Address Wisma Asia S. Parman St Kav 79, Jakarta 11410
    Benificiary Account Name PT Bursa Komoditi dan Derivatif Indonesia
    Benificiary Account Number (IDR) 084.565.1111
    Swift Code CENAIDJA
    Name of Bank Bank International Indonesia
    Bank Address Jl S Parman Kav 19, Jakarta 11480
    Benificiary Account Name PT Bursa Komoditi dan Derivatif Indonesia
    Benificiary Account Number (IDR) 2 141 319526
    Swift Code IBBKIDJA
    Name of Bank Bank Sinarmas
    Bank Address Jl. MH Thamrin No.51,Tower I,GF,Jakarta 10350
    Benificiary Account Name PT Bursa Komoditi dan Derivatif Indonesia
    Benificiary Account Number (IDR) 0000 1853 88
    Swift Code SBJKIDJA
    Name of Bank Bank Sinarmas
    Bank Address Jl. MH Thamrin No.51,Tower I,GF,Jakarta 10350
    Benificiary Account Name PT Bursa Komoditi dan Derivatif Indonesia
    Benificiary Account Number (USD) 0000 344 877
    Swift Code SBJKIDJA
    For ICDX compensation Fund Account (Broker)
    Name of Bank Bank Central Asia (BCA)
    Bank Address Chase Plaza Building 1st ,3rd Floor, JL.Jend Sudirman kav 20-21,Jakarta 12920
    Benificiary Account Name PT Bursa Komoditi dan Derivatif Indonesia
    Benificiary Account Number (IDR) 035 311 96 88
    Swift Code CENAIDJA
    Name of Bank Bank Central Asia (BCA)
    Bank Address Chase Plaza Building 1st ,3rd Floor, JL.Jend Sudirman kav 20-21,Jakarta 12920
    Benificiary Account Name PT Bursa Komoditi dan Derivatif Indonesia
    Benificiary Account Number (USD) 035 315 28 98
    Swift Code CENAIDJA
    Name of Bank Bank Sinarmas
    Bank Address Jl. MH Thamrin No.51,Tower I,GF,Jakarta 10350
    Benificiary Account Name PT Bursa Komoditi dan Derivatif Indonesia
    Benificiary Account Number (IDR) 00 238 630 97
    Swift Code SBJKIDJA
    For ISI Registration and Joining Fee Payment (Broker and Trader)
    Name of Bank Bank Central Asia (BCA)
    Bank Address Chase Plaza Building 1st ,3rd Floor, JL.Jend Sudirman kav 20-21,Jakarta 12920
    Benificiary Account Name PT Identrust Security International
    Benificiary Account Number (IDR) 084.574 1111
    Swift Code CENAIDJA
    Name of Bank Bank Sinarmas
    Bank Address Jl. MH Thamrin No.51,Tower I,GF,Jakarta 10350
    Benificiary Account Name PT Identrust Security International
    Benificiary Account Number (IDR) 000 254 7686
    Swift Code SBJKIDJA
    Name of Bank Bank Sinarmas
    Bank Address Jl. MH Thamrin No.51,Tower I,GF,Jakarta 10350
    Benificiary Account Name PT Identrust Security International
    Benificiary Account Number (USD) 0000 460 777
    Swift Code SBJKIDJA
  7. Where do I send my application forms and supporting documents to ?

    To become a member, please complete the appropriate application form as originals, duly signed together with all the supporting documents to:
    PT. Indonesia Commodity & Derivatives Exchange (ICDX).
    Jl. Prapatan No. 16, Senen
    Jakarta 10410
    Indonesia

  8. After submitting my application, what happens next ?

    After submitting your application, our committee will review your application. Once your application has been approved, you will be notified on the status of your application via email or mail. If you do not receive an email from ICDX within 14 working days of your submission, please call or email us at membership@icdexchange.com.

  9. Once my application is approved, what happens next ?

    Once your application is approved, you will be required to pay the relevant fees stated in the deposit assistance form before the membership is issued to you.
    A copy of the deposit assistance form is available here:

    • Deposit Assistance Guide for Exchange Memberships Download
    • Deposit Assistance Guide for Clearing Memberships Download

  10. What type of currencies is accepted by ICDX for payment of the relevant fees ?

    ICDX only accepts fee payment in Indonesian Rupiah and US Dollar.

  11. Who pays for the bank charges for the transfer of the relevant fees ?

    Bank fees are to be paid by the members.

  12. How do I get help with regards to submitting my membership application ?

    Please email us at membership@icdexchange.com if you need help with regards to submitting your membership application.

ICDX MEMBER