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List of Brokers with BAPPEBTI Regulation

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Badan Pengawas Perdagangan Berjangka Komoditi (BAPPEBTI) is an institution owned by the Ministry of Trade that was established to assist in overseeing and drafting regulations related to commodity trading, futures, and foreign exchange markets in Indonesia. Founded in 1997, the agency is known for restricting foreign brokerages to take clients from Indonesia. Here's a list of BAPPEBTI-regulated forex brokers.

Established : 1997
Country : Indonesia
Website : https://bappebti.go.id
Total Brokers : 16

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Score Broker Regulation Payment Min Deposit Max Leverage

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BAPPEBTI stands for "Badan Pengawas Perdagangan Berjangka Komoditi," which translates to the "Commodity Futures Trading Regulatory Agency" in English. BAPPEBTI is an Indonesian regulatory agency that oversees and regulates the trading of commodity futures and derivatives in the country.

BAPPEBTI operates under the Ministry of Trade of the Republic of Indonesia and is responsible for supervising and ensuring the proper functioning of commodity futures exchanges, commodity brokers, and other entities involved in commodity futures trading activities. Its main objectives include maintaining market integrity, protecting investors, and promoting fair and transparent trading practices in the Indonesian futures and derivatives markets.

The agency sets rules and regulations that govern the operation of commodity futures exchanges and the conduct of market participants, including brokers and traders. BAPPEBTI also enforces compliance with anti-money laundering (AML) and anti-terrorism financing measures to prevent the misuse of the commodities markets for illicit activities.

 

Considering the Indonesian demographic that primarily consists of Muslims, forex brokers under BAPPEBTI are stipulated to enforce trading conditions in accordance with the Sharia Law. That means no interest or riba to be earned or paid, no excessive risk (gharar), and no speculation or gambling.

Due to the fee policy applied to its members, BAPPEBTI-regulated brokers charge spreads in addition to trading commissions. The amount of leverage is also limited to 1:100 to protect clients against market risks.

International forex brokers are banned from offering services in Indonesia since 2013. Traders within the country are advised not to open accounts with overseas brokers since they won't be trading under the protection of BAPPEBTI's regulation.

 

BAPPBETI has the power to investigate suspicious brokers operating in Indonesia. The agency has the authority to suspend, impose sanctions, and liquidate any members who have been proven guilty of violating BAPPEBTI's guidelines.

As an official financial regulator, BAPPEBTI can give recommendations to other official institutions like the Indonesian Department of Communication to block scam brokers as well as unlicensed financial companies in Indonesia.

 

  1. Go to the official page of BAPPEBTI.

  2. Open "Pelaku Pasar" on the upper menu, then click on "Pialang Berjangka".
    Checking BAPPEBTI Broker 1

  3. Immediately, there would be a complete list of registered brokers under their regulation. To simplify your search, type a broker's name on the search column as indicated below.
    Checking BAPPEBTI Broker 2

  4. If your broker is an official member, the identity will be automatically displayed like this.
    Checking BAPPEBTI Broker 3

BAPPEBTI primarily regulates commodity futures and derivatives trading in Indonesia, rather than specifically regulating the forex market. It's important to note that different regulatory bodies have varying scopes and focus areas.

Here's a comparison between BAPPEBTI and other well-known forex regulators:

Aspects 🇮🇩 BAPPEBTI (Indonesia) 🇨🇾 Cyprus Securities and Exchange Commission (CySEC - Cyprus) 🇬🇧 Financial Conduct Authority (FCA - UK) 🇺🇸 Commodity Futures Trading Commission (CFTC - US) 🇦🇺 Australian Securities and Investments Commission (ASIC - Australia)
🔍Focus Regulates commodity futures and derivatives trading in Indonesia. Regulates financial markets and investment firms in Cyprus, including forex and CFD trading. Regulates financial markets and firms in the UK, including forex trading. Regulates commodity futures and options markets in the United States, including forex trading. Regulates financial markets and firms in Australia, including forex trading.
 Scope Oversees the trading of commodities such as agricultural products, energy, metals, and other futures contracts. Oversees a wide range of financial activities, including forex trading, investment services, and other financial instruments. Oversees various financial activities, including forex and CFD trading, investment management, and more. Oversees derivatives markets, including forex, commodities, and swaps. Oversees various financial activities, including forex trading, securities, and investments.
🔨Authority Operates under the Ministry of Trade of the Republic of Indonesia. An independent regulatory agency with authority to license, supervise, and impose regulations on financial services providers. An independent regulatory body with the power to create rules, supervise financial firms, and enforce regulations. An independent agency with the authority to regulate and enforce rules for derivatives trading. An independent government agency responsible for regulating and enforcing rules for financial services providers.
 Oversight Ensures fair and transparent trading practices, market integrity, and investor protection in the commodity futures market. Aims to ensure investor protection, market integrity, and adherence to European Union (EU) regulations. Focuses on consumer protection, market integrity, and promoting competition in financial markets. Aims to prevent fraud, manipulation, and abusive practices in derivatives markets while ensuring market integrity and investor protection. Focuses on market integrity, investor protection, and maintaining a fair and transparent financial market environment.
Additional FAQ

According to the PRA rulebook, there are 3 areas of the PRA regulations. Firms must comply with the regulations depending on which classification they fall into.

  • Banking and Investment Rules: for CRR firms (banks, building societies, or investment firms subject to the EU Capital Requirements Regulation) and non-CRR firms (credit unions, building societies, or PRA-designated investment firms not subject to the EU CRR).
  • Insurance Rules: for SII firms (insurance firms subject to the Solvency II Directive) and non-SII firms.
  • Other rules: for non-authorized persons (persons or firms not authorized by the PRA).

Continue Reading at What are the Top UK Financial Regulators?

Here are the steps on how to check if a forex broker is regulated:

  • Check the broker's website.

  • Visit the regulatory agency's website.

  • Contact the regulatory agency.

Continue Reading at How to Avoid Forex Broker Scams

The CNMV is responsible for supervising and regulating the financial markets in Spain. It collaborates closely with the European Securities and Markets Authority (ESMA) and applies unified laws for trading in leveraged markets for retail investors, as Spain is a member of the European Union.

Continue Reading at 3 Interesting Facts of Forex Trading in Spain

Here are some of the best offshore trading regulations which attract forex traders worldwide:

  • Tax Benefits: By offshore forex trading, a trader can be exempt from paying taxes in their country of residence.
  • High Leverage: Offshore brokers are not being strictly controlled by their financial authorities. Due to this, they're able to offer riskier leverages up to even 1000:1 in order to attract more clients to invest with them.
  • Assets Availability: Most countries have banned quite a few financial assets like cryptocurrency due to how volatile it is. Offshore forex trading is therefore extremely popular as traders don't have to worry about some assets not being available to them for trading.

Continue Reading at Your Simple Guide to Offshore Trading


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