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


FAQ

What does BAPPEBTI regulated mean?

Being regulated by BAPPEBTI (Badan Pengawas Perdagangan Berjangka Komoditi) means operating under the standards of an Indonesian financial regulator. The institution was founded in 2005 to regulate different types of financial entities in the Indonesian financial markets.


What are BAPPEBTI rules?

Considering Indonesian demographic that primarily consists of Muslims, forex brokers operating in Indonesia 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 protect clients against the risk.

International forex brokers are banned to offer services in Indonesia since 2013. Traders can still open accounts in overseas brokers, but they are advised not to and won't be trading under the protection of BAPPEBTI's regulation.


What is the main purpose of BAPPEBTI?

To oversee the financial services industry in Indonesia. Since because so many Indonesian investors had fallen victim to broker frauds in the past, BAPPEBTI aims to eradicate financial scams by spreading awareness to the general public about suspected and confirmed scams.


What are the powers of BAPPEBTI?

BAPPBETI has the power to investigate suspicious brokers operating in Indonesia. The agency also has the authority to suspend, impose sanctions, and liquidate any of its members who have been proven guilty for violating BAPPEBTI's guidelines. As an official financial regulator, BAPPEBTI can give recommendations to other public institutions like the Indonesian Department of Communication to block the websites of scam brokers as well as unlicensed financial companies in Indonesia.

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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