WikiFX, as an independent third-party information service platform, is dedicated to providing users with comprehensive and objective broker regulatory information services. WikiFX does not directly engage in any forex trading activities, nor does it offer any form of trading channel recommendations or investment advice. The ratings and evaluations of brokers by WikiFX are based on publicly available objective information and take into account the regulatory policy differences of various countries and regions. Broker ratings and evaluations are the core products of WikiFX, and we firmly oppose any commercial practices that may compromise their objectivity and fairness. We welcome supervision and suggestions from users worldwide. To report any concerns, please contact us: report@wikifx.com
您当前语言与浏览器默认语言不一致,是否切换?
切换
Global Broker Regulation & Inquiry App

Badan Pengawas Perdagangan Berjangka Komoditi Kementerian Perdagangan

Year 2005Regulated by Government

BAPPEBTI was launched in 2005 to regulate certain sections of the financial services industry in Indonesia. It is the only agency with regulatory responsibility for various financial institutions. It operates under the supervision of the Indonesian Ministry of Finance and is managed by a board of administrators, all of whom are selected by the government from industry experts.

Disclosure summary
  • Disclosure matching Website matching
  • Disclosure time 2022-09-20
  • Reason for punishment The Ministry of Trade through the Commodity Futures Trading Supervisory Agency (Bappebti) blocked 760 entities.
Disclosure details

Bappebti Blocks 760 Website Domains, Reminds of the Risk of Transactions in Unlicensed PBK Entities

Jakarta, 20 September 2022 - The Ministry of Trade through the Commodity Futures Trading Supervisory Agency (Bappebti) has blocked 760 entities consisting of 682 website domains, 48 social media pages, 17 applications on Google Play, 12 applications on the Appstore, as well as one stop of activity in the field of Commodity Futures Trading (PBK) that does not have a permit from CoFTRA during January-August 2022. The blocking was carried out in collaboration with the Ministry of Communication and Information Technology. "Every party conducting futures trading activities in Indonesia must have a permit from Bappebti and be subject to and comply with the provisions of the laws and regulations in force in Indonesia. Even though they claim to have legality from overseas regulators, companies that make offers in the field of Futures Trading in Indonesia are still required to have a permit from CoFTRA," said Plt. Head of CoFTRA Didid Noordiatmoko. Didid added, CoFTRA routinely conducts online observation and supervision of website domains and social media accounts that carry out promotions, advertisements and offers in the CBA sector as well as entity applications that carry out business activities in the CPBP sector without having permission from CoFTRA. "This monitoring and observation as well as blocking is a step to prevent potential losses to the community as a result of CBA activities without having a CoFTRA permit. Apart from that, it is also to provide legal certainty for the community and business actors in the CPB sector," Didid added. Didid reminded that transacting at a futures broker who does not have a business license from CoFTRA is very risky. CoFTRA as the regulator cannot facilitate customers in conducting mediation in the event of a dispute between the customer and the unlicensed entity. Aldison, Head of the Legal Regulations and Enforcement Bureau, added that the entity also does not have a representative office in Indonesia. If the customer feels aggrieved, no party can be held responsible. Its existence abroad is also not certain that its legality can be ascertained. This requires a lot of money in resolving the dispute. "In addition, CoFTRA cannot ensure the integrity of the management and financial integrity of the entity. The security of funds deposited as transaction capital cannot be guaranteed because they do not use a segregated account approved by CoFTRA," Aldison explained. People who are going to transact in the PBK sector are advised to first study the company's background, procedures for transactions and dispute resolution, commodity futures contracts being offered, the legality of futures brokers, document agreements regarding risks faced, and not to be easily tempted by large profits in a short time. and out of bounds. "Before deciding to transact, first know the profile and legality of business actors in the CPB sector. This information can be accessed easily via the link http://ceklegalitas.bappebti.go.id," Aldison concluded.
View original
Annex
More regulatory disclosure

Check whenever you want

Download App for complete information

Select Country/Region
  • Hong Kong

  • Taiwan

    tw.wikifx.com

  • United States

    us.wikifx.com

  • South Korea

    kr.wikifx.com

  • United Kingdom

    uk.wikifx.com

  • Japan

    jp.wikifx.com

  • Indonesia

    id.wikifx.com

  • Vietnam

    vn.wikifx.com

  • Australia

    au.wikifx.com

  • Singapore

    sg.wikifx.com

  • Thailand

    th.wikifx.com

  • Cyprus

    cy.wikifx.com

  • Germany

    de.wikifx.com

  • Russia

    ru.wikifx.com

  • Philippines

    ph.wikifx.com

  • New Zealand

    nz.wikifx.com

  • Ukraine

    ua.wikifx.com

  • India

    in.wikifx.com

  • France

    fr.wikifx.com

  • Spain

    es.wikifx.com

  • Portugal

    pt.wikifx.com

  • Malaysia

    my.wikifx.com

  • Nigeria

    ng.wikifx.com

  • Cambodia

    kh.wikifx.com

  • Italy

    it.wikifx.com

  • South Africa

    za.wikifx.com

  • Turkey

    tr.wikifx.com

  • Netherlands

    nl.wikifx.com

  • United Arab Emirates

    ae.wikifx.com

  • Colombia

    co.wikifx.com

  • Argentina

    ar.wikifx.com

  • Belarus

    by.wikifx.com

  • Ecuador

    ec.wikifx.com

  • Egypt

    eg.wikifx.com

  • Kazakhstan

    kz.wikifx.com

  • Morocco

    ma.wikifx.com

  • Mexico

    mx.wikifx.com

  • Peru

    pe.wikifx.com

  • Pakistan

    pk.wikifx.com

  • Tunisia

    tn.wikifx.com

  • Venezuela

    ve.wikifx.com

United States
※ The content of this website abides with local laws and regulations.
You are visiting the WikiFX website. WikiFX Internet and its mobile products are an enterprise information searching tool for global users. When using WikiFX products, users should consciously abide by the relevant laws and regulations of the country and region where they are located.
consumer hotline:006531290538
Official Email:support@wikifx.com;
Mobile Phone Number:234 706 777 7762;61 449895363
Telegram:+60 103342306
Whatsapp:+852-6613 1970;
License or other information error corrections, please send the information to:qawikifx@gmail.com
Cooperation:fxeyevip@gmail.com