LiteForex broker regulations
Y
Aug 20, 2020
How come Liteforex doesn't have a license from Bappebti? Is it safe for Indonesian traders? Thank you
0
4
Reply: [2]
L
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).
Thank you, Regards
Liteforex Indonesia
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).
Thank you, Regards
Liteforex Indonesia
R
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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