Can using a foreign broker get you in jail?

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C
Cecep Sunarya
15 Aug 2023, 13:55 272 Views
Good evening..
I am Cecep Sunarya, I am a beginner who plays forex but I just read the news that Bappebti blocked foreign broker websites.
I am afraid, because I use a foreign broker. If I am caught, can I be imprisoned?

3 Answer

M
Martin 18 Aug 2023, 21:45

@ Cecep Sunarya:

- … If it is discovered, can I be imprisoned?

No. The government does block many commodity futures trading (broker) websites from abroad that are considered illegal, and also blocks websites of gambling games disguised as trading, but so far there have been no sanctions. If fraud etc. occurs, the losses are borne by yourself.

 

R
Rizki Rosadi 22 Aug 2023, 16:48

Answer to Cecep Sunarya: No, so far the government's action has only been to ban and block illegal broker sites from abroad.

E
Erik Tri Cahyo 30 Aug 2023, 20:26
To Cecep Sunarya,

No. So far, there has been no legal action from the government regarding traders who trade with foreign brokers.

Hopefully this can help.

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