LiteForex broker regulations

Yani Anggara August 20, 2020 Broker: LITEFINANCE 15

How come Liteforex doesn't have a license from Bappebti? Is it safe for Indonesian traders? Thank you

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Liteforex Indonesia August 20, 2020 Neutral

For now, Liteforex has not been regulated by Bappebti because it is a foreign broker; Liteforex has existed from 2005 until today with regulations from Europe.
Liteforex (Europe) Limited is registered as a Cyprus Investment Firm (CIF) with the registration number HE230122 and regulated by the Cyprus Securities and Exchange Commission (CySEC) under license number 093/08 by Markets in Financial Instruments Directive (MiFID). All retail client funds are insured by the Investor Compensation Fund (subject to eligibility).

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Liteforex Indonesia

Rokhim September 30, 2020 Neutral

Getting a Bappebti license isn't everything. I'm sorry, but many local brokers are rotten, even though they already have Bappebti permission.

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