BAPPEBTI Regulated Brokers

In Indonesia, forex trading is expanding rapidly. Although the Bank of Indonesia plays a vital role in the financial activities of the country, there is also a separate regulatory body that oversees Forex Trading in Indonesia – BAPPEBTI.

BAPPEBTI Forex Trading Platform

Forex Trading is completely legal in Indonesia and is developing at a fast pace. It is also determined by the free economy that the country’s government provides. The BAPPEBTI is under the direct supervision of the Indonesian Ministry of Finance and its board members are selected by the country’s government.

• BAPPEBTI was launched back in 2005 and remains the only agency in the country regulating various kinds of financial entities that operate within the country.
• Check BAPPEBTI’s official website –www.bappebti.go and we recommend following the regulator on Twitter – @InfoBappebti.
• See our list of Indonesia Forex brokers while not all are BAPPEBBTI regulated since International broker can accept Indonesia Traders

Indonesia BAPPEBTI Forex Regulation

Initially, BAPPEBTI allowed only commodities and futures trading, and access to Forex trading was very limited. However, the lack of availability of brokers that offered Forex trading in Indonesia led to the emergence of many international platforms, many of which were scams.

• In 2013 the Government took abrupt steps to eradicate the rising number of scam brokers. One of the essential steps was blocking the websites of all scam overseas brokers, hence local brokers started to develop and thrive. However, it was evident that the local brokerages fell short in comparison to the international leading brokers.
• After extended consideration, the Indonesian Government decided to open up its country to overseas brokers on the condition that they set up a brokerage in the country by following the terms and conditions determined by the relevant authorities.

Here we found some essential points to consider and know about Indonesia regulations and Forex trading conditions, while the regulatory body has certain rules and conditions to follow:

• The Bank of Indonesia does not provide any assistance to traders to deal with financial scams, thats why we advise signing with reputable and top-tier Regulated Brokers only
• BAPPEBTI allows forex brokers to offer high-leverage levels, maximum of up to 400:1, which is very high and risky at the same time
• There is no mandatory negative balance protection, besides BAPPEBTI does not offer any compensation fund.
• Indonesia is primarily a Muslim country that follows several religious beliefs. Forex trading is not considered to be illegal, but several trading conditions may not be Sharia-compliant, thus, Forex brokers offer specially designed Islamic accounts 
• However, Indonesia still does not have a certain set of guidelines for foreign financial companies, which keeps many international companies from opening an affiliate in Indonesia

Top 5 Best BAPPEBTI-Regulated Forex Brokers

Here we select some of the best BAPPEBTI -Regulated Forex Brokers also narrowed by category, there are many International Brokers can acceptt Indonesia Traders and shouldn’t be BAPPEBTI regulatedd. But, we only offer brokers with favorable trading conditions and good standing reviewed and recommended by our experts and traders.

• HFM – Best Overall BAPPEBTI Broker 2024
• BlackBull Markets – Best Lowest Spread BAPPEBTI Broker 2024
• FP Markets – Best MT4 BAPPEBTI Broker 2024
• Eightcap – Best for Beginners BAPPEBTI Broker 2024
• BDSwiss – Best EA Trading BAPPEBTI Broker 2024

 Is Binary Option BAPPEBTI Allowed?

There is no BAPPEBTI Regulated Binary Options Broker. Indonesia’s Regulatory Agency – BAPPEBTI, announced binary options as illegal.

Is Crypto BAPPEBTI Trading Authorized?

As of to date, there are no Crypto Brokers in Indonesia that have obtained BAPPEBTI approval, as all of their applications are still being reviewed by BAPPEBTI, and certain specific standards and requirements are still to be met by the applicants.

• However, BAPPEBTI recently issued its Circular Letter to suspend the further registration of crypto asset broker candidates for an unknown period.

Indonesia BAPPEBTI Brokers List

Below is the list of the Regulated brokers verified by us with BAPPEBTI licenses that accept clients from Indonesia:

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