Is JustForex legal in Indonesia?

Indonesian Forum
J
Jenifer
17 Dec 2021, 16:07 713 Views
I want to ask, does anyone know if Justforex broker is legal in Indonesia?

2 Answer

M
martin 19 Dec 2021, 16:11

@ Jenifer:

Brokers considered legal in Indonesia are brokers or futures brokerage companies whose headquarters are in Indonesia and have obtained a license or are regulated by Bappebti (Commodity Futures Trading Supervisory Agency).

Whereas JustForex brokers have their headquarters in St Vincent And The Grenadines, and are also regulated by the regulatory body of that country. To our knowledge, this broker does not have a branch office in Indonesia. Therefore, by the authorities in Indonesia, JustForex brokers are considered illegal.

Regarding JustForex brokers, please read: JustForex Broker Profile and Review

 

S
Susi 30 Jan 2022, 20:17
No, sir. All foreign brokers are considered illegal in Indonesia because they do not have Bappebti regulation.

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