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).

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.

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. Traders 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. Can be Clearing or Non-Clearing. If Non-Clearing must clear through 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

How does one apply for membership?

Please click here to go to the section to download the application forms.

What are the membership application fees?

Application fees are as follows:

How do I pay the membership fees?

Applicants should transfer the application fees to one of the following bank accounts.

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:

ICDX
JI. Letjen. S Parman Kav. 73 Suite A
Jakarta 11410
Indonesia

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.

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:

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.

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

Bank fees are to be paid by the members.

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.