Badan Pengawas Perdagangan Berjangka Komoditi Kementerian Perdagangan

"Jakarta, 20 September 2022 – The Ministry of Trade through the Commodity Futures Trading Supervisory Agency (Bappebti) has blocked 760 entities consisting of 682 website domains, 48 social media pages, 17 applications on Google Play, 12 applications on the Appstore, as well as one stop of activity on in the Commodity Futures Trading (PBK) sector that did not have a license from CoFTRA during January-August 2022. The blocking was carried out in collaboration with the Ministry of Communication and Information "Every party conducting futures trading activities in Indonesia must have a permit from CoFTRA and comply and comply with the provisions laws and regulations in force in Indonesia. Even though they claim to have legality from overseas regulators, companies that make offers in the field of Futures Trading in Indonesia are still required to have a permit from CoFTRA," said Acting Head of CoFTRA Didid Noordiatmoko. Didid added, Bappebti routinely conduct online observation and supervision of website domains and social media accounts that carry out promotions, advertisements, and offers in the CPF sector as well as entity applications that carry out business activities in the CPBP sector without having a permit from CoFTRA. "This monitoring and observation as well as blocking is a step to prevent potential losses to the community as a result of CBA activities without having a CoFTRA permit. Apart from that, it is also to provide legal certainty for the community and business actors in the CPB sector," Didid added. Didid reminded that transacting at a futures broker who does not have a business license from CoFTRA is very risky. CoFTRA as the regulator cannot facilitate customers in conducting mediation in the event of a dispute between the customer and the unlicensed entity. Aldison, Head of the Legal Regulations and Enforcement Bureau, added that the entity also does not have a representative office in Indonesia. If the customer feels aggrieved, no party can be held responsible. Its existence abroad is also not certain that its legality can be ascertained. This requires a lot of money in resolving the dispute. "In addition, CoFTRA cannot ensure the integrity of the management and financial integrity of the entity. The security of funds deposited as transaction capital cannot be guaranteed because they do not use a segregated account approved by CoFTRA," Aldison explained. People who are going to transact in the PBK sector are advised to first study the company's background, procedures for transactions and dispute resolution, commodity futures contracts being offered, the legality of futures brokers, document agreements regarding risks faced, and not to be easily tempted by large profits in a short time. and out of bounds. "Before deciding to transact, first know the profile and legality of business actors in the CPB sector. This information can be accessed easily via the link http://ceklegalitas.bappebti.go.id," Aldison concluded.