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Could you give a comprehensive overview of BPF’s fees, covering both their commissions and any spreads they charge?

Broker Issues
BPF
Fees and Spreads
07-31
United States
WikiFX
Reply

From my perspective as a seasoned trader, I appreciate that BPF, or PT. Bestprofit Futures, has opted for a simple and transparent fee structure, which is something I always look for in a broker. According to my research, BPF charges a flat transaction fee of 3 points per trade, plus an additional 11% VAT. When I compare this to the broader Indonesian futures market, I find these fees to be fairly standard and not excessive. The lack of complex, hidden commissions is a positive for me, as it allows for more predictable cost calculations in my trading strategy. However, it's important to highlight that there’s limited information available regarding any spreads applied to trades. Unlike some international brokers that specify both their spreads and commissions, BPF primarily discloses the flat transaction fee. For me, the lack of explicit spread details introduces some uncertainty, since the overall cost per trade could be affected by the bid-ask spread, especially in less liquid contracts. I believe it’s wise to carefully test their demo account to personally evaluate all transactional costs within the Pro Trader app before fully committing capital. Overall, the fee structure is clear in terms of the commission, but transparency regarding spreads would provide even greater confidence.

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