good evening, Sir.
I read an article which states that Bapepti will block illegal foreign brokers. If this happens, is there a way for us to still be able to use foreign brokers? because the execution in Indonesian brokers is slow and the spread is wide, thank you for your willingness to answer.
in my opinion, this is just a bluff. Bappepti cannot really block foreign broker sites. Why? because even if blocked, the broker still has its IT employees. Perhaps Bappepti is blocking the IB / white label of the broker that has an office in Indonesia, such as
instaforex
fxopentrading
Mfxsurabaya or others.
But that's also difficult. because the original domain is dot com. Even if blocked, traders can access / redirect to the original site (which is in English)
....... Alfons admitted that currently Bappebti is still having difficulty taking firm action against these illegal brokers. The police also have difficulty tracking them down, even though several brokers have branch offices in Indonesia. ...........
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some time ago, the Minister of Communication and Information blocked porn sites in Indonesia, yes it could, but only for a while. and then it became accessible again.
even if blocked, you can use VPS land services (which are commonly used for transactions using Robots)
so what is being brokered are the IB sites or whitelabels that have offices in Indonesia. the broker's site cannot. but it will be accessible again.
if you are worried, access/register on the original site, not on the IB/whitelabel site.
you can secure your goods (your funds).
for now, this news will make traders or IB / white label brokers excited. but it will cool down soon.
the news content is also confusing:
Entering 2013, the Commodity Futures Trading Supervisory Agency (Bappebti) will focus on taking firm action against problematic brokers suspected of harming investors.
then
However, Alfons said that so far no customers have reported being defrauded by the illegal broker. Nevertheless, Bappebti is not sitting idly by.
even if we shout on FB/Forum rejecting Bappepti, our voices will not be heard. Demonstrating to Bappepti could lead to problems with the authorities. because in any case, Bappepti is an official institution.
work hard, smart and sincerely. because the one who regulates sustenance is not the officials there. But let's still be good citizens without causing trouble / chaos.
hopefully in the future, Bappepti will provide brokers that are truly expected by Indonesian traders. aamiin
thanks
You can read the solution here