@ Awaludin Alif:
Regarding this, according to government regulations, brokers operating in Indonesia must obtain an operating license from Bappebti, so they must be regulated by Bappebti. Meanwhile, taking care of the license is not easy. There was once a foreign broker who tried to arrange it, but it did not materialize.
As far as we know, there are several foreign brokers who have representatives in Indonesia, mostly through partners (their affiliates and IBs.
Read also: Broker Affiliate Business and Forex IB
@ Megha:
- Is it because the requirements from Indonesia are heavy?
Regarding that, please ask Bappebti directly, what are the requirements for a broker to be able to operate in Indonesia.
- … Or is it just because the systems are different?
What system are you referring to?