Reason for this visit

Bank Indonesia (the Central Bank of Indonesia) is mandated to establish and maintain the stability of the Rupiah, while the Commodity Futures Trading Regulatory Agency (BAPPEBTI), which operates under direct supervision of the Ministry of Finance, regulates all entities operating in Indonesia‘s financial markets, including forex and CFD brokers. In 2013, the Indonesian government began a strict crackdown on numerous fraudulent brokers targeting Indonesian citizens. This, however, led to many overseas brokers closing their websites in the country. Subsequently, the Indonesian government decided to reopen access to overseas brokers on the condition that they establish local offices and comply with BAPPEBTI guidelines (where applicable). However, these conditions proved to be temporary, and currently Indonesian investors are free to choose any international broker. With a population of nearly 270 million, Indonesia is the world’s largest Muslim country. Therefore, all forex brokers in the Indonesian market offer Sharia-compliant Islamic trading accounts. To help investors and practitioners better understand the countrys forex brokers, WikiFX survey team plans to conduct on-site visits to the local companies.

On-site visit

In this issue, the survey team went to Indonesia to visit forex broker Trive Invest as planned according to its regulatory address that Multivision Tower, Lantai 20, Jl. Kuningan Mulia Lot 9B, Kuningan Persada Complex, Jakarta Selatan 12980.

A seasoned and professional inspection team, committed to safeguarding investor interests, conducted a meticulously planned on-site verification of the forex broker Multivision Tower Lantai 20 at Multivision Tower in Jakarta, Indonesia.

Upon arriving at Multivision Tower, the investigators successfully entered the lobby. The interior of the lobby was luxuriously decorated, featuring a reception desk and clearly visible floor directory signs. The team paused briefly in the lobby to observe foot traffic and the overall atmosphere. They noted frequent but orderly movement of people, with clear signage for various companies displayed throughout the space.

Following the directory instructions, the survey team proceeded to the 20th floor to locate Trive Invest‘s office. Upon arrival, they identified the office’s designated area. However, when attempting to enter, they were stopped by staff, who explained the companys strict visitor policy: non-tenants required either prior appointments or employee escorts for access. Despite presenting related credentials and explaining their purpose, the team was denied entry due to policy adherence.

In the floors common area, the investigators conversed with employees from neighboring companies. They learned that Trive Invest had been operating on that floor for some time, with visibly active daily operations and frequent employee comings-and-goings.

Through the on-site investigation, it is confirmed that the broker maintains a physical presence at the location.

Conclusion

The survey team went to Indonesia to visit forex broker Trive Invest as scheduled and found the company at the regulatory address. It indicates that the broker has a physical office at the place. Meanwhile, investors are advised to make a sensible decision following much deliberation.

Disclaimer

The content is for informational purposes only and shall not be taken as a final order for making a choice.