Purpose

The Indonesia forex market is an emerging foreign exchange market that has developed in recent years. With the rapid economic development of Indonesia, the demand for foreign exchange trading has been increasing, and market activity has been continuously rising. To help investors or practitioners gain a more comprehensive understanding of forex brokers in this region, the on-site inspection team traveled to Indonesia for field visits.

Process

The on-site inspection team went to Indonesia as planned to visit the forex broker GIC. According to public information, its office address is Sahid Sudirman Center, Floor 20A Jend. Sudirman Street No. 86 Central Jakarta 10220.

A professional and experienced on-site verification team, driven by a sense of mission to rigorously vet opportunities for investors, proceeded according to a detailed plan to the Sahid Sudirman Center in central Jakarta, Indonesia. They conducted an on-site verification of the broker GIC, which claims to be located at this address.

The verification personnel arrived at the Sahid Sudirman Center, a location within a luxury office building in central Jakarta, surrounded by a bustling environment and a strong commercial atmosphere. No company signage or related information about GIC was found on the exterior of the building.

The verification personnel entered the building lobby and stated their purpose to the security guard. After registering, they obtained permission to enter. The directory inside the building showed information for other companies at this address.

Upon reaching the target floor, 20A, the verification personnel found that this floor was not the office area of GIC, with no clear signage present. The personnel communicated with staff from a company on that floor. They indicated this was not the company GIC, but they knew the owner of GIC and provided contact information. As it was not the target company, the verification personnel were unable to enter the supposed interior of GIC and could not photograph GIC's reception area. The floor was also not a shared office space.

From the corridor area, the verification personnel could not observe the internal environment of the company GIC. The overall situation did not match its claimed positioning.

Therefore, after the on-site verification, it was confirmed that the broker GIC does not exist at the aforementioned address.

Conclusion

The on-site investigator visited the forex broker GIC in Indonesia as planned. At the public business address, no information such as the broker's company name could be seen, indicating that the broker does not have a genuine business premises. Investors are advised to make their choices after comprehensive consideration.

Disclaimer

The above content and opinions are for reference only and should not be used as the final basis for choice.