{
  "schemaVersion": 1,
  "kind": "demoOffering",
  "id": "finex-mt5-id",
  "urls": {
    "html": "/demo-accounts/finex-mt5-id.html",
    "json": "/demo-accounts/finex-mt5-id.json",
    "markdown": "/demo-accounts/finex-mt5-id.md"
  },
  "policy": "Documentation research, not account or execution testing. Research regions do not establish residence eligibility. Requires Verification is an evidence gap, not proof of unavailability. Source conflicts and product/entity qualifications must remain attached to claims. Demo results do not establish live trading performance.",
  "record": {
    "checked": "2026-10-12",
    "tested": false,
    "funds": null,
    "currency": null,
    "fundsLabel": "USD 5,000",
    "fundsNote": "USD5,000 virtual starting balance; virtual balance can be replenished. Precise reset mechanics and maximum not stated.",
    "expiryType": "unknown",
    "expiry": "Not established",
    "expiryNote": "Not stated. Support says users can practice as much as wanted, but a technical expiry/inactivity policy was not located.",
    "evidence": "documented",
    "signup": "Official support says demo does not require identity verification. Demo and real account created together; real account can be ignored. App or MetaTrader access described. MT5 page explicitly permits demo practice before depositing.",
    "note": "Reconcile broker's newer BI letter with register. Confirm demo expiry/inactivity, exact virtual top-up steps, forex-pair inventory and residence eligibility. Current BI FX-derivatives licensing is independently verified.",
    "id": "finex-mt5-id",
    "broker": "Finex",
    "entity": "PT Finex Bisnis Solusi Futures",
    "regions": [
      "ID"
    ],
    "region": "ID",
    "regionLabel": "Indonesia",
    "researchScope": "Indonesia",
    "platform": "mt5",
    "platformLabel": "MetaTrader 5 (Windows demo explicitly advertised; platform also offered on web, Android and iOS)",
    "terms": "Virtual profits cannot be withdrawn. Platform-specific demo forex inventory and execution differences were not separately enumerated in reviewed sources; do not equate demo results with live execution.",
    "eligibility": "Indonesian domestic entity verified. Complete demo residence/citizenship eligibility list not stated in reviewed pages.",
    "evidenceNote": "Official broker documentation; see scope and remaining checks. Signup and trading not tested.",
    "sources": [
      "finex-1",
      "finex-2",
      "finex-3",
      "finex-4",
      "finex-5",
      "finex-6"
    ],
    "visit": "finex-3",
    "regulation": {
      "status": "Exact entity directly verified as licensed (Berizin) in current BI public register; current broker demo advertised. Desktop research only, no account opened.",
      "entity": "PT Finex Bisnis Solusi Futures",
      "regulator": "Bank Indonesia (money/foreign-exchange derivatives); Bappebti record separately checked",
      "finding": "",
      "scope": "Indonesian domestic entity verified. Complete demo residence/citizenship eligibility list not stated in reviewed pages.",
      "sources": [
        "finex-reg-1",
        "finex-reg-2",
        "finex-reg-3",
        "finex-reg-4",
        "finex-reg-5",
        "finex-reg-6"
      ]
    },
    "signupLink": {
      "kind": "instructions",
      "note": "Follow the broker’s demo setup steps (Indonesian).",
      "status": "Official entry route",
      "url": "https://www.finex.co.id/helpcenter/area_personal_web/saya-ingin-mencoba-akun-demo",
      "sourceUrl": "https://www.finex.co.id/helpcenter/area_personal_web/saya-ingin-mencoba-akun-demo",
      "checked": "2026-10-13",
      "tested": false
    },
    "execution": {
      "scope": "PT Finex Bisnis Solusi Futures, Indonesia; existing MT5 demo record. Mandate agreement and executing-dealer relationship unresolved.",
      "tested": false,
      "role": {
        "value": "Requires Verification",
        "status": "Requires Verification",
        "note": "The indexed trading rules reference a separate Perjanjian Pemberian Amanat, whose full current text was not recovered. The broker/dealer terminology alone does not establish principal or agent capacity.",
        "sources": [
          "ex-a-finex-rules"
        ],
        "checked": "2026-10-13"
      },
      "arrangement": {
        "value": "Requires Verification",
        "status": "Requires Verification",
        "note": "Indexed conditions refer to quotations through a Pedagang Penyelenggara, but do not establish the full execution arrangement or counterparty for this account.",
        "sources": [
          "ex-a-finex-default"
        ],
        "checked": "2026-10-13"
      },
      "demo": {
        "value": "Requires Verification",
        "status": "Requires Verification",
        "note": "Demo help describes virtual funds and comparable features; it does not establish simulated versus live fills, liquidity, rejection, charges or margin behaviour.",
        "sources": [
          "ex-a-finex-demo"
        ],
        "checked": "2026-10-13"
      },
      "review": {
        "checked": "2026-10-13",
        "outcome": "Reviewed; all execution fields remain Requires Verification after the source checks recorded below.",
        "remainingChecks": [
          "Recover the current Perjanjian Pemberian Amanat and full trading rules; establish the executing dealer's identity and both parties' contractual capacities.",
          "Obtain MT5 demo execution and charge/margin limitations."
        ]
      }
    },
    "markets": {
      "scope": "PT Finex Bisnis Solusi Futures · Indonesia · MetaTrader 5 (Windows demo explicitly advertised; platform also offered on web, Android and iOS). Market coverage not yet reviewed.",
      "tested": false,
      "forexCfd": {
        "status": "Requires Verification",
        "note": "Forex CFD demo access has not been established for this entity and platform.",
        "sources": [],
        "checked": null
      },
      "cryptoCfd": {
        "status": "Requires Verification",
        "note": "Cryptocurrency CFD demo access has not been established for this entity and platform.",
        "sources": [],
        "checked": null
      }
    },
    "api": {
      "status": "Requires Verification",
      "type": null,
      "route": "Not established for this offering",
      "note": "API access has not yet been established for this legal entity and demo platform. This does not mean it is unavailable.",
      "requirements": "Confirm the account, platform and regional requirements with the broker.",
      "sources": [],
      "docs": [],
      "checked": null,
      "tested": false
    }
  },
  "sources": {
    "ex-a-finex-default": {
      "title": "Finex acceptance of default conditions",
      "url": "https://finex.co.id/docs/default-conditions.pdf",
      "owner": "Broker",
      "checked": "2026-10-13",
      "locator": "Clause 11: quotation through Pedagang Penyelenggara.",
      "access": "Official indexed text reviewed; narrow supporting context, not a capacity determination."
    },
    "ex-a-finex-demo": {
      "title": "Finex demo account help",
      "url": "https://www.finex.co.id/helpcenter/area_personal_web/saya-ingin-mencoba-akun-demo",
      "owner": "Broker",
      "checked": "2026-10-13",
      "locator": "Main answer: virtual funds and features; Indonesian.",
      "access": "Official page/PDF text read through web retrieval on 2026-10-13."
    },
    "ex-a-finex-rules": {
      "title": "Finex trading rules for derivatives",
      "url": "https://finex.co.id/media/docs/trading-rules-pro.pdf",
      "owner": "Broker",
      "checked": "2026-10-13",
      "locator": "Opening account and mandate-agreement reference.",
      "access": "Official indexed text reviewed; direct PDF retrieval failed. It references the separate Perjanjian Pemberian Amanat; full current contract not recovered."
    },
    "finex-1": {
      "id": "SEA-FINEX-REG",
      "title": "Bank Indonesia — Perizinan Pasar Keuangan (search Finex)",
      "url": "https://www.bi.go.id/id/layanan/informasi-perizinan/pasar-keuangan/default.aspx",
      "owner": "Regulator: Bank Indonesia",
      "evidence": "Exact PT Finex Bisnis Solusi Futures row: Pialang Berjangka Derivatif PUVA;27/391/DPPK/Srt/B;01 Juli2025;Berizin;Peserta SPA.",
      "access_note": "Read live official public search form using search term Finex. Saved research/bi-finex.html. Search results not encoded in URL."
    },
    "finex-2": {
      "id": "SEA-FINEX-BAP",
      "title": "Bappebti — Pialang Berjangka detail133",
      "url": "https://bappebti.go.id/pialang_berjangka/detail/133",
      "owner": "Regulator: Bappebti",
      "evidence": "Exact PT. Finex Bisnis Solusi Futures d/h PT. FINEX BERJANGKA;47/BAPPEBTI/SI/04/2013;SPA77/BAPPEBTI/SP/12/2014;finex.co.id.",
      "access_note": "Web tool failed; direct official HTTP returned200. Saved research/bappebti-133.html."
    },
    "finex-3": {
      "id": "SEA-FINEX-FUNDS",
      "title": "Finex — Apakah akun demo saya perlu di verifikasi?",
      "url": "https://www.finex.co.id/helpcenter/verifikasi-akun/apakah-akun-demo-saya-perlu-di-verifikasi",
      "owner": "Broker",
      "evidence": "No identity verification needed for demo; USD5,000 virtual balance; app/MetaTrader; virtual gains cannot be withdrawn.",
      "access_note": "Opened official support page."
    },
    "finex-4": {
      "id": "SEA-FINEX-SIGNUP",
      "title": "Finex — Saya ingin mencoba akun demo",
      "url": "https://www.finex.co.id/helpcenter/area_personal_web/saya-ingin-mencoba-akun-demo",
      "owner": "Broker",
      "evidence": "Demo/real accounts created together; real account can be ignored; virtual balance can be replenished; no clear technical expiry rule. Footer BI27/391/DPPK/Srt/B.",
      "access_note": "Opened official support page."
    },
    "finex-5": {
      "id": "SEA-FINEX-MT5",
      "title": "Finex — Platform Windows MT5",
      "url": "https://www.finex.co.id/trading/platform-windows-mt5",
      "owner": "Broker",
      "evidence": "Explicit MT5 demo practice before deposit; platform links for web/Android/iOS; newer footer BI28/103/DPPK/Srt/B.",
      "access_note": "Opened official platform page."
    },
    "finex-6": {
      "id": "SEA-BI-TRANSFER",
      "title": "Bank Indonesia — 10January2025 regulatory transfer announcement",
      "url": "https://www.bi.go.id/id/publikasi/ruang-media/news-release/Pages/sp_270625.aspx",
      "owner": "Regulator: Bank Indonesia",
      "evidence": "Money/FX-underlying derivatives moved from Bappebti to BI; capital-market derivatives and digital assets moved to OJK.",
      "access_note": "Opened official news release."
    },
    "finex-reg-1": {
      "id": "SEA-FINEX-REG",
      "title": "Bank Indonesia — Perizinan Pasar Keuangan (search Finex)",
      "url": "https://www.bi.go.id/id/layanan/informasi-perizinan/pasar-keuangan/default.aspx",
      "owner": "Regulator: Bank Indonesia",
      "evidence": "Exact PT Finex Bisnis Solusi Futures row: Pialang Berjangka Derivatif PUVA;27/391/DPPK/Srt/B;01 Juli2025;Berizin;Peserta SPA.",
      "access_note": "Read live official public search form using search term Finex. Saved research/bi-finex.html. Search results not encoded in URL."
    },
    "finex-reg-2": {
      "id": "SEA-FINEX-BAP",
      "title": "Bappebti — Pialang Berjangka detail133",
      "url": "https://bappebti.go.id/pialang_berjangka/detail/133",
      "owner": "Regulator: Bappebti",
      "evidence": "Exact PT. Finex Bisnis Solusi Futures d/h PT. FINEX BERJANGKA;47/BAPPEBTI/SI/04/2013;SPA77/BAPPEBTI/SP/12/2014;finex.co.id.",
      "access_note": "Web tool failed; direct official HTTP returned200. Saved research/bappebti-133.html."
    },
    "finex-reg-3": {
      "id": "SEA-FINEX-FUNDS",
      "title": "Finex — Apakah akun demo saya perlu di verifikasi?",
      "url": "https://www.finex.co.id/helpcenter/verifikasi-akun/apakah-akun-demo-saya-perlu-di-verifikasi",
      "owner": "Broker",
      "evidence": "No identity verification needed for demo; USD5,000 virtual balance; app/MetaTrader; virtual gains cannot be withdrawn.",
      "access_note": "Opened official support page."
    },
    "finex-reg-4": {
      "id": "SEA-FINEX-SIGNUP",
      "title": "Finex — Saya ingin mencoba akun demo",
      "url": "https://www.finex.co.id/helpcenter/area_personal_web/saya-ingin-mencoba-akun-demo",
      "owner": "Broker",
      "evidence": "Demo/real accounts created together; real account can be ignored; virtual balance can be replenished; no clear technical expiry rule. Footer BI27/391/DPPK/Srt/B.",
      "access_note": "Opened official support page."
    },
    "finex-reg-5": {
      "id": "SEA-FINEX-MT5",
      "title": "Finex — Platform Windows MT5",
      "url": "https://www.finex.co.id/trading/platform-windows-mt5",
      "owner": "Broker",
      "evidence": "Explicit MT5 demo practice before deposit; platform links for web/Android/iOS; newer footer BI28/103/DPPK/Srt/B.",
      "access_note": "Opened official platform page."
    },
    "finex-reg-6": {
      "id": "SEA-BI-TRANSFER",
      "title": "Bank Indonesia — 10January2025 regulatory transfer announcement",
      "url": "https://www.bi.go.id/id/publikasi/ruang-media/news-release/Pages/sp_270625.aspx",
      "owner": "Regulator: Bank Indonesia",
      "evidence": "Money/FX-underlying derivatives moved from Bappebti to BI; capital-market derivatives and digital assets moved to OJK.",
      "access_note": "Opened official news release."
    }
  }
}