According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
- $100
- MetaTrader5
- Didimax Jafetscolt
- BAPPEBTI
Our Evaluation of Didimax
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
Didimax is a broker with higher-than-average risk and the TU Overall Score of 4.56 out of 10. Having reviewed trading opportunities offered by the company and reviews posted by Didimax clients on our website, Traders Union expert Anton Kharitonov recommends users to consider a more reliable broker with better conditions, as, according to reviews, many clients of this broker are not satisfied with the company’s work.
Didimax excels in competitive trading fees and swift order execution. Its trading experience is enhanced by the two top-tier platforms, MetaTrader 5 and Didimax Jafetscolt. The offered leverage allows traders to generate substantial income even with limited capital. The broker prioritizes robust protection of funds and client data while providing efficient support. Its training program is comprehensive and varied. Nonetheless, the current asset range is limited, additional income opportunities are confined to the partnership program, and trading instruments are scarce.
Brief Look at Didimax
Didimax clients trade futures on currency pairs, metals, indices, and commodities. The broker provides a single live account with competitive conditions: spreads from 1 pips and no trading fees. A demo account offering $10,000 in virtual funds is also accessible. Leverage is up to 1:400. Trading platforms include MetaTrader 5 and Didimax's proprietary platform, Didimax Jafetscolt. A partnership program is the sole alternative income option. Comprehensive training is available through offline seminars, webinars, and free one-on-one sessions. Technical support is available 24/5 via phone, website chat, and other channels.
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- The spreads for most assets are mid-market or lower, and no trading fee is charged;
- Over 25 assets are available across four categories: currency pairs, indices, metals, and commodities;
- All methods and strategies are allowed, including scalping, hedging, news trading, and using expert advisors;
- The MetaTrader 5 trading platform is easy to use, intuitive, and equipped with numerous essential features for traders;
- Leverage is flexible, with clients able to set it from 1:2 to 1:400;
- The broker is regulated, ensuring maximum protection of traders' funds and data;
- A high-quality training program is offered for beginners and intermediate traders.
- Such passive income options as joint accounts or copy trading are not available;
- Transparency is lacking, as evidenced by the undisclosed minimum deposit for unregistered traders.
- Account funding and withdrawals are limited to bank transfers.
TU Expert Advice
Financial expert and analyst at Traders Union
Didimax is backed by PT. Didi Max Berjangka, a company established in 2000 and registered in Indonesia, operates under the regulatory oversight of BAPPEBTI, the Commodity Futures Trading Regulatory Agency. TU experts confirm the broker's adherence to client obligations. While online reviews are limited, the majority are positive.
Didimax offers competitive trading conditions. Its indefinite demo account, equipped with $10,000 in virtual funds, and a low minimum deposit for live accounts are attractive features. Micro-lot trading is supported. While spreads start competitively at 1 pips, some brokers offer lower or even zero spreads, often offset by higher trading fees. Didimax stands out with no trading, deposit, or withdrawal fees.
Beyond currency pairs, the broker provides access to metals, indices, and commodities futures. Although the asset range is currently limited, the company indicates potential expansion based on client feedback. With a maximum leverage of 1:400, traders can adjust their risk exposure accordingly. The platform unrestrictedly supports scalping, hedging, news trading, and expert advisors. Notably, swap fees are waived for the initial ten trading days.
Traders can choose between the industry-standard MetaTrader 5 and Didimax's proprietary Didimax Jafetscolt platform, both recognized for their user-friendly interface and comprehensive features. However, the absence of passive income options and limited trading tools, beyond an economic calendar, is a drawback. Additionally, bank transfers remain the sole deposit and withdrawal method. Nevertheless, exceptional technical support and a robust educational program empower traders, especially beginners, to confidently start their trading journey. A trial with Didimax is recommended.
Didimax Trading Conditions
Your capital is at risk. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. A high percentage of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
| 💻 Trading platform: | MetaTrader 5, Didimax Jafetscolt |
|---|---|
| 📊 Accounts: | Demo, Standard |
| 💰 Account currency: | USD, IDR |
| 💵 Deposit / Withdrawal: | Bank transfers |
| 🚀 Minimum deposit: | $100 |
| ⚖️ Leverage: | Up to 1:400 |
| 💼 PAMM-accounts: | No |
| 📈️ Min Order: | 0.01 |
| 💱 EUR/USD spread: | 1,6-1,8 pips |
| 🔧 Instruments: | Futures on currency pairs, metals, indices, commodities |
| 💹 Margin Call / Stop Out: | 50%/30% |
| 🏛 Liquidity provider: | No |
| 📱 Mobile trading: | Yes |
| ➕ Affiliate program: | Yes |
| 📋 Order execution: | Market Execution |
| ⭐ Trading features: | Free demo account, one live account, low entry threshold, few assets, acceptable trading costs, two trading platforms including proprietary, extensive training, and almost no analysis tools |
| 🎁 Contests and bonuses: | Yes |
The broker offers only one trading account with standard trading conditions, requiring a small minimum deposit of $100. This amount is sufficient for beginners and traders who plan to trade micro-lots initially. However, it's important to note that the broker offers prizes, and one of the requirements for winning them is a higher deposit. The leverage is flexible, with a maximum of 1:400. Traders can choose any level of leverage or trade without leverage at all. Technical support is active 24/5. Support is available via phone, email, or online chat on the website and in the user account.
Didimax Key Parameters Evaluation
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Trading Account Opening
To start working with Didimax, a trader must first register on its official website and complete the verification process. Next, open an account with a minimum deposit and download either the MT5 trading platform or Didimax Jafetscolt. While the process is generally straightforward, questions may arise. To assist, TU experts have prepared a step-by-step guide covering all phases. It will also introduce you to the features of the user account.
Choose the interface language, and click on "Create Account" or "Start Trading Now».
Provide your first name, last name, and email address. Create and enter a password. Indicate whether you are ready to join the rewards program and specify which one. Enter your referral code if you have one. Click the "Next Step" button.
Specify your country, city, residential address, and postal code. Also provide your date of birth, nationality, and phone number. Click the "Next Step" button.
Indicate which assets you plan to trade and the base currency of your account. Agree to the terms of cooperation by checking the box. Click the "Finish" button.
Log into your user account using your email and password.
Navigate to the "Verification" section, then proceed to the "Document Upload" section. Follow the instructions to upload documents confirming your identity like your passport or ID card, and documents confirming your residential address such as a bank statement from the last 3 months, an employment certificate, or a utility bill for electricity or phone.
Navigate to the "Deposit" section. Deposit funds after providing additional information, including bank account details, and answering questions about investment experience, financial status, etc.
Download the suitable version of the MetaTrader 5 or Didimax Jafetscolt trading platform (mobile, desktop, browser-based), install it, and enter your registration details. You can start trading immediately.
Additional features of Didimax’s user account allow traders to:
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Summary Report. Access key details of open accounts with options for in-depth views.
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Update personal information, and password, and provide banking details;
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Complete verification by uploading scans/photos of identity documents;
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Deposit funds into their account via bank transfer;
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Withdraw profits to their bank account;
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Transfer funds between accounts with the broker. Traders can also download the MT5 and Didimax Jafetscolt trading platforms from links on the App Store and Google Play or directly from the platform.
Regulation and safety
Didimax has a safety score of 5.8/10, which corresponds to a Medium security level. The safest brokers are those with Tier-1 regulation, a long history (over 10 years in the market), and participation in investor compensation schemes.
- Is regulated
- Negative balance protection
- Not tier-1 regulated
- Track record of less than 8 years
Didimax Regulators and Investor Protection
| Abbreviation | Full Name | Country of regulation | Investor Protection Fund | Regulation Level |
|---|---|---|---|---|
| BAPPEBTI | Badan Pengawas Perdagangan Berjangka Komoditi (Commodity Futures Trading Regulatory Agency) | Indonesia | No specific fund | Tier-2 |
Didimax Security Factors
| Foundation date | - |
| Negative balance protection | Yes |
| Verification (KYC) | Yes |
Commissions and fees
The trading and non-trading commissions of broker Didimax have been analyzed and rated as High with a fees score of 4/10. Additionally, these commissions were compared with those of the top two competitors, Pepperstone and OANDA, to provide the most comprehensive information.
- No inactivity fee
- No deposit fee
- No withdrawal fee
- Above-average Forex trading fees
- No ECN/Raw Spread account
Trading Fees and Spread
Below, we evaluated and compared the trading commissions of Didimax with those of two competitors. We focused on the spreads and other transaction fees directly associated with executing trades (e.g commission per lot on an ECN account). This comparison aimed to provide a clear understanding of the cost efficiency of each broker.
Standard Account Spread
For Standard accounts, Didimax’s commissions are part of the floating spread, which varies with market conditions. Typical values are provided, but during high volatility, the spread may exceed these.
Didimax Standard spreads
| Didimax | Pepperstone | OANDA | |
| EUR/USD min, pips | 1,6 | 0,5 | 0,1 |
| EUR/USD max, pips | 1,8 | 1,5 | 0,5 |
| GPB/USD min, pips | 1,7 | 0,4 | 0,1 |
| GPB/USD max, pips | 1,9 | 1,4 | 0,5 |
Does Didimax support RAW/ECN accounts?
As we discovered, Didimax does not offer RAW/ECN accounts, which might be a drawback for transparency and liquidity. However, this doesn't make the broker uncompetitive. Consider factors like spread levels, execution speed, regulation, support quality, and trading tools when choosing a reliable broker.
Non-Trading Fees
We conducted a detailed analysis of the non-trading fees associated with Didimax. This review offers a comprehensive overview of the additional costs that may impact traders beyond regular trading activities.
Didimax Non-Trading Fees
| Didimax | Pepperstone | OANDA | |
| Deposit fee, % | 0 | 0 | 0 |
| Withdrawal fee, % | 0 | 0 | 0 |
| Withdrawal fee, USD | 0 | 0 | 0-15 |
| Inactivity fee ($, per month) | 0 | 0 | 0 |
Account types
The broker offers a single live account type suitable for all trader levels. The minimum deposit is $100, with spreads starting at 1 pips and no additional fees. Trade sizes range from 0.01 to 20 lots, and accounts can be denominated in USD or IDR. When it comes to trading platforms, choose between MetaTrader 5 and Didimax Jafetscolt. They offer distinct interfaces and functionalities. While MetaTrader 5 is more popular and customizable with free plugins, the broker's proprietary platform has unique advantages. It's recommended to try both platforms to determine the best fit.
Account Types:
Most traders start with a demo account. This allows them to explore the broker's features and experiment with new strategies without financial risk. Once satisfied with the conditions, they can open a live account, deposit at least the minimum amount, set their preferred leverage, and start trading on the exchange.
Deposit and withdrawal
Didimax received a Low score for the efficiency and convenience of its deposit and withdrawal processes.
Didimax offers limited payment options and accessibility, which may impact its competitiveness.
- Minimum deposit below industry average
- No withdrawal fee
- No deposit fee
- Bank wire transfers available
- No bank card option
- USDT payments not accepted
- Limited deposit and withdrawal flexibility, leading to higher costs
What are Didimax deposit and withdrawal options?
Didimax offers a limited selection of deposit and withdrawal methods, including Bank Wire. This limitation may restrict flexibility for users, making Didimax less competitive for those seeking diverse payment options.
Didimax Deposit and Withdrawal Methods vs Competitors
| Didimax | Plus500 | Pepperstone | |
| Bank Wire | Yes | Yes | Yes |
| Bank card | No | Yes | Yes |
| PayPal | No | Yes | Yes |
| Wise | No | No | No |
| BTC | No | No | No |
What are Didimax base account currencies?
A wide range of base account currencies minimizes the need for currency conversion, potentially reducing transaction costs for clients worldwide. Didimax supports the following base account currencies:
What are Didimax's minimum deposit and withdrawal amounts?
The minimum deposit on Didimax is $100, while the minimum withdrawal amount is $1. These minimums may vary depending on the chosen account type and payment method. For specific details, please contact Didimax’s support team.
Markets and tradable assets
Didimax offers a limited selection of trading assets compared to the market average. The platform supports 20 assets in total, including 20 Forex pairs.
- Indices trading
- Multiple markets
- Bonds not available
- Copy trading not available
Supported markets vs top competitors
We have compared the range of assets and markets supported by Didimax with its competitors, making it easier for you to find the perfect fit.
| Didimax | Plus500 | Pepperstone | |
| Currency pairs | 20 | 60 | 90 |
| Total tradable assets | 20 | 2800 | 1200 |
| Stocks | No | Yes | Yes |
| Commodity futures | Yes | Yes | Yes |
| Crypto | No | Yes | Yes |
| Stock indices | Yes | Yes | Yes |
| Options | No | Yes | No |
Investment options
We also explored the trading assets and products Didimax offers for beginner traders and investors who prefer not to engage in active trading.
| Didimax | Plus500 | Pepperstone | |
| Bonds | No | No | No |
| ETFs | No | Yes | Yes |
| Copy trading | No | No | Yes |
| PAMM investing | No | No | Yes |
| Managed accounts | No | No | No |
Customer support
Are there limits on minimum deposits and withdrawals? Can I use trading advisors? Is there a negative balance protection? Traders often have questions due to overlooked website information or insufficient details provided by the broker. Unconventional trading scenarios and specific issues during trade closure can also arise. Regardless of the situation, Didimax clients can always count on expert advice or assistance. Our technical support is available 24/5 via phone, email, and website chat.
Advantages
- The most demanded communication channels are available;e
- Assistance is available day and night
- High-quality and prompt responses on weekdays
Disadvantages
- Requests made over weekends are processed on the next business day
Technical support handles inquiries from both registered and unregistered users.
Here are the contact methods available:
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Phone;
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Fax;
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Email.
Additionally, traders can receive consultation via chat on the website or in the user account, and request a callback on the page. The broker is also present on the following social networks: YouTube, Facebook, Instagram, and X (formerly Twitter), through which support can be contacted, though response time may vary.
Contacts
| Registration address |
Jl. Garuda No 88, Bandung, 40184 Jl. Prof. Abdurrahman Basalamah Blok C No.21 Karampuang, Panakkukang Makassar, 90231 Graha Mandiri LT 18, Gedung, Jl. Imam Bonjol No.61, Menteng, Daerah Khusus Ibukota, Jakarta, 10310 Jl. Pangeran Diponegoro No.58, Yogyakarta, 55233 Jl. Jendral Sudirman, Perkantoran Business Central Blok B5-B6, Pekanbaru, 28288 |
|---|---|
| Regulation | BAPPEBTI |
| Official site | https://didimax.co.id/ |
| Contacts |
+62 2220564777;
+62 4114091675; +62 212302141; +62 274565353; +62 7618657620; |
Education
Many brokers offer educational materials, from basic FAQs to curated collections of articles and podcasts. Yet, comprehensive programs are rare. Didimax distinguishes itself by leading in this area.
The broker regularly hosts offline seminars and webinars, and their website features an educational center with articles covering trading fundamentals. Most notably, traders can receive free one-on-one training upon request.
Traders can sign up for seminars, webinars, or individual training in the respective sections. The comprehensive range of information provided will benefit both beginners and intermediate-level traders, as our educational programs are guided by leading experts in the field.
Comparison of Didimax with other Brokers
| Didimax | Eightcap | XM Group | RoboForex | Exness | FxPro | |
| Trading platform |
Didimax Jafetscolt, MetaTrader5 | MT4, MT5, TradingView | MT4, MT5, MobileTrading, XM App | MT4, MT5, R MobileTrader, R StocksTrader, R WebTrader | Exness Trade App (mobile), Exness Terminal (web), MetaTrader5, MetaTrader4 | MT4, MobileTrading, MT5, cTrader, FxPro Edge |
| Min deposit | $100 | $100 | $5 | $10 | $10 | $100 |
| Leverage |
From 1:1 to 1:400 |
From 1:30 to 1:500 |
From 1:1 to 1:30 |
From 1:1 to 1:2000 |
From 1:1 to 1:2000 |
From 1:1 to 1:500 |
| Trust management | No | No | No | No | No | No |
| Accrual of % on the balance | No | No | No | 10.00% | No | No |
| Spread | From 1 point | From 0 points | From 0.8 points | From 0 points | From 0 points | From 0 points |
| Level of margin call / stop out |
50% / 30% | 80% / 50% | 100% / 50% | 60% / 40% | 60% / No | 25% / 20% |
| Order Execution | Market Execution | Market Execution | Market Execution | Market Execution, Instant Execution | Market Execution, Instant Execution | Market Execution |
| No deposit bonus | No | No | No | No | No | No |
| Cent accounts | No | No | No | Yes | Yes | No |
Detailed Review of Didimax
Didimax is a seasoned broker offering access to the Jakarta Futures Exchange. Leveraging advanced technology, including Virtual Private Servers (VPS), the platform ensures swift order execution. Client funds and data are rigorously protected through segregated accounts, SSL protocols, and authentication tokens. Didimax's proprietary trading platform, Didimax Jafetscolt, is an innovative, user-friendly, and versatile solution compatible with both desktop and mobile devices.
Didimax by the numbers:
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The minimum deposit is $100;
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Over 25 trading instruments;
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1 second is the average execution time;
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The minimum spread is 1 pips;
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The maximum leverage is 1:400.
Didimax is a popular broker for beginners and professionals
Clients trade futures on currency pairs, metals, indices, and commodities. Despite the limited number of assets, this variety allows for a diversified portfolio, mitigating losses from negative trends in one instrument with positive trends in others. The broker supports all major strategies and methods, including using advisors, news trading, scalping, and hedging. Leverage up to 1:400 is available, and traders can set it to any level necessary to achieve their goals. Beginners will appreciate the comprehensive and versatile training program. Every trader can find an optimal trading platform, with options including the reliable MetaTrader 5 and Didimax Jafetscolt.
Useful functions of Didimax:
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Partnership Program. Active clients can earn additional income from a percentage of the spreads collected from the clients they refer;
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Education. A comprehensive training program that includes seminars, webinars, and articles on trading basics;
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Economic Calendar. A table outlining significant political and economic events is crucial for news traders seeking to anticipate asset price movements.
Advantages:
Low Entry Barrier. A demo account with $10,000 in virtual funds is provided for free. The live account requires a minimum deposit of $100, and the minimum trade size is 0.01 lot;
Flexibility in Trading. Traders can use their preferred methods and strategies, with a choice of two trading platforms;
Competitive Trading Costs. Trading costs are no higher than the market average, and there are no withdrawal fees;
Transparency. The platform provides all essential information for traders, including current spreads for available assets;
Comprehensive Support. Technical support is available through all major channels, including five call centers.
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