BAPPEBTI Regulated Forex Brokers
BAPPEBTI, or Badan Pengawas Perdagangan Berjangka Komoditi (translated as the Commodities and Futures Trading Regulatory Agency), is the sole agency responsible for regulating different types of commodities and futures entities in Indonesian financial markets. The BAPPEBTI is supervised by the Ministry of Finance and run by an administrative board of industry experts.
Conventional BAPPEBTI regulated brokers primarily dealt with commodities and futures trading, and brokers offering access to forex trading products used to be so few. Up until 2012, Indonesia observed a massive surge in the number of forex brokers offering services exclusively for the Indonesian market. Not only exposing Indonesian investors to profits, the phenomenon increase the risks of broker scams and financial malpractices. Thus, the Indonesian Government has since decided to widen their reach in regulating forex brokers in Indonesia.
| Broker | Regulation | Max Leverage | Min Deposit | General Rating | |
|---|---|---|---|---|---|
| Monex Investindo Futures Indonesia 2000 | BAPPEBTI | 1:100 | $500 | Review | |
| Mentari Online Indonesia 2013 | BAPPEBTI | 1:200 | $200 | Review | |
| GKInvest Indonesia 2005 | BAPPEBTI | 1:100 | $10 | Review | |
| Central Capital Futures Indonesia 2005 | BAPPEBTI | 1:100 | Review | ||
| SIBFX Indonesia 2000 | BAPPEBTI | 1:100 | Review | ||
| VAF Indonesia 1999 | BAPPEBTI | 1:500 | Review | ||
| FOREXimf Indonesia 2005 | BAPPEBTI | 1:100 | Review | ||
| Agrodana Futures Indonesia 2000 | BAPPEBTI | 1:100 | Review | ||
| Arta Mas Futures Indonesia 2005 | BAPPEBTI | 1:100 | Review | ||
| Pruton Capital Indonesia 2006 | BAPPEBTI | 1:200 | $10000 | Review | |
| GAF Indonesia | BAPPEBTI | 1:100 | Review | ||
| JavaGM Indonesia | BAPPEBTI | 1:400 | $500 | Review |
If you are interested to open an account in one of the brokers in the list above, make sure to try the forex demo account before proceeding to register in the live account.
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