List of Brokers with BAPPEBTI Regulation

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".
   
   
   
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.
   
   
   
4. If your broker is an official member, the identity will be automatically displayed like this.
   
   
   

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: