Why are foreign broker websites often blocked

Choosing a Broker
M
Mina
17 Dec 2020, 14:12 513 Views
Why are websites like FBS, Insta, Exness, etc. often blocked by the government? Are they illegal? They have regulations, so they are not illegal, so why are they blocked?

1 Answer

R
rizki rosadi 19 Dec 2020, 15:47

@Mina: Sir, why are websites like FBS Insta Exness etc. often blocked by the government?

Foreign brokers including FBS, Insta and Exness are illegal because they do not have a license from Bappepti.

Are they illegal? Don't they have regulations, so aren't they illegal, so why are they blocked?

Yes, they are illegal. The regulations they have come from their country of origin, not from Indonesia (Bappepti).

Thank you

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