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 country’s forex brokers, WikiFX survey team conducted on-site visits.

On-site visit

In this issue, the survey team went to Indonesia to visit forex broker KVB as planned according to its regulatory address that Menara Sun Life Lantai 21 Unit G, Blok 6.3 Jalan Doktor Ide Anak Agung Gde Agung Kawasan Mega Kuningan, RT.5/RW.2, Kuningan, Kuningan Tim., Kecamatan Setiabudi, Kota Jakarta Selatan, Daerah Khusus Ibukota Jakarta 12950.

A seasoned and professional inspection team, committed to safeguarding investor interests, conducted a meticulously planned on-site verification of the prominent forex broker KVB at Menara Sun Life in Setiabudi, South Jakarta.

The target building is located in the Mega Kuningan Central Business District (CBD), surrounded by a mature commercial ecosystem and convenient transportation, making it part of Jakarta‘s core financial hub. Upon arrival, the investigators first observed the building’s exterior—a modern high-rise office tower with an excellent external environment.

Entry into the building requires strict registration of identification details, and security personnel will inquire about the purpose of the visit, indicating a relatively stringent access process. Inside the building, floor directory signs are available, confirming that the KVB office is located on the 21st floor.

To gain a more comprehensive understanding of KVB, the investigators proceeded to the 21st floor. Upon arrival, they easily located KVB‘s office, which operates as an independent workspace (not a shared office), and were granted access to the company’s interior after stating their purpose.

The reception area was designed in a simple yet professional manner, and permission was obtained to take photos of the front desk. The companys name and logo were prominently displayed in the reception zone. The overall office environment was well-maintained with a logical spatial layout, but due to access restrictions, details such as the number of rooms and workstations could not be obtained. Although entry was permitted, certain areas remained restricted, reflecting a high level of security awareness.

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

Conclusion

The survey team went to Indonesia to visit forex broker KVB as scheduled and found the company at its 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.