Local banks for FBS broker

To Mikael,

There isn't much information available regarding the profile or legal entity of PT. Hijau Tukar as the local exchanger for FBS broker in Indonesia. Nevertheless, this exchanger has been serving deposit/withdrawal for all traders in Indonesia for a long time. To date, millions of FBS traders in Indonesia still trust this exchanger for their deposit/withdrawal needs.

Although trusted by millions of traders, it doesn't mean we shouldn't be complacent. We must remain vigilant about the worst-case scenario, considering that FBS broker itself is only an offshore regulated broker and there is also no clarity regarding the legality information of PT. Hijau Tukar. Therefore, we suggest not transacting in large amounts (no more than USD 5,000) with brokers that are regulated offshore.

Hopefully this helps.