Forex language stands for Foreign Exchange, which means the exchange of foreign currencies. Therefore, the products traded in foreign exchange transactions are in the form of foreign currencies. Uniquely, it turns out that the liquidity of the foreign currencies traded exceeds the liquidity of stocks. Foreign exchange transactions are categorized as investments that provide high returns and high risks (high profit, high risk).
With the development of technology, Indonesia's investment trend has begun to penetrate encryption and foreign exchange. Indonesians are attracted to foreign exchange trading which offers optimal profit opportunities. As a result, companies engaged in foreign exchange trading continue to emerge. The Indonesian government has issued a new regulation to address this situation.
List of Best CoFTRA Forex Brokers 2022
Regulations related to foreign exchange transactions are made to protect the public from the threat of large risks or losses, given the high profits and risks of foreign exchange transactions. Therefore, one of the regulations that must be met is that securities companies or foreign exchange brokers must be officially registered with the Commodity Trading Regulatory Agency (CoFTRA).
CoFTRA's role in foreign exchange trading is similar to the role of the Indonesia Stock Exchange (IDX) in overseeing stock trading. CoFTRA is essentially a supervisor for commodity transactions, including foreign exchange. CoFTRA's presence in the field of foreign exchange trading further enhances the security and convenience of transactions. The disgruntled government also urged the public to use foreign intermediaries under the supervision of CoFTRA. Here are some of the best BAPPEBTI Forex Brokers that you can choose from:
1. PT Asia Trade Point Future
The first BAPPEBTI Forex broker on this list, is PT Asia Trade Point Future. officially registered with CoFTRA No. 873/BAPPEBTI/SI/I/2006, this broker maintains a mutually beneficial transaction value so that flexibility, ease of use, and profit optimization are top priorities. PT Asia Trade Point Futures is a financial broker or futures broker headquartered in Jakarta.
In addition to facilitating the trading of foreign exchange and other commodities, this CoFTRA licensed broker since 2006 provides education and services tailored to the needs of traders. This flexible platform is easy to operate from a computer, laptop, tablet or even a mobile phone. In addition, the low transaction fees and the flexibility to choose a major currency further increase the likelihood that traders will profit.
2. PT IDS Capital Futures
PT IDS Capital Futures Headquartered in South Jakarta, PT IDS Kapital Futures is officially registered with CoFTRA with license number 0002/UPSP/SIP/5/2020. The service focus of PT IDS Kapital Berjangka is client satisfaction. This BAPPEBTI Forex Broker not only facilitates foreign exchange trading services, but also facilitates trading of stocks, precious metals and crude oil.
The IDS Capital Futures platform is considered easy to use. In addition, brokers promote specialized education and training to help clients deal with the future trading environment. With the latest benefits, Metatrader 5 gives you access to the trading platform provided by PT IDS Capital Futures from various devices.
PT IDS Kapital Berjangka is regularly monitored by the regulator and placed in a separate account to ensure client funds are safe. Since PT IDSKapital Berjangka is a member of the Indonesia Clearing House (IHC), this security is enhanced by transaction settlement under the guarantee of the Clearing House.
3. PT Agrodana Futures
CoFTRA's authorization is pocketed by PT Agrodana Futures with license number 40/BAPPEBTI/SI/XII/2000. As a BAPPEBTI Forex Broker / intermediary company founded in May 2000, PT Agrodana Berjangka has a lot of experience in the intermediary field and claims to have 31 trading methods that clients can choose from, including foreign exchange.
PT Agrodana Futures uses Metatrader 4 to trade foreign exchange, stocks and commodities, and uses index CFDs to allow clients to trade flexibly and automatically. In addition, the broker actively updates various news related to foreign exchange transactions and other products, provides transparency and support services via telephone, live chat, email, contact, or social media accounts.
Keep in mind that the foreign exchange market is the most liquid market in the world, so the volume of transactions per day is high, and foreign exchange transactions are very profitable and risky.
Therefore, traders are advised to do their research before making any investment or trading decisions. One way to avoid losses in foreign exchange transactions is to choose a legitimate foreign exchange broker. The legality of foreign brokers can be seen on the official CoFTRA website (bappebti.go.id).
So, that was the list of the best BAPPEBTI Forex Brokers 2022 that you can choose from. The three brokers above are guaranteed legal security in Indonesia. So you can start trading forex by choosing one of the brokers above.
However, actually there are dozens, maybe hundreds of brokers in Indonesia and there are still many safe and reliable forex brokers because they have been registered with BAPPEBTI. To find out, you can check directly on the official BAPPEBTI website about the list of futures brokers
