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 Langit Indonesia Berjangka as planned according to its regulatory address that AXA Tower, 27th Floor, Suite 05, Prof. Dr. Satrio Street Kav. 18 Kuningan, Setiabudi, South Jakarta 12940.

A seasoned and professional inspection team, committed to safeguarding investor interests, conducted a meticulously planned on-site verification of the forex broker Langit Indonesia Berjangka at AXA Tower in the central business district of Kuningan, South Jakarta.

The investigators successfully arrived at AXA Tower, located in the Kuningan CBD of South Jakarta. The high-end office tower features a modern well-maintained exterior. They then proceeded to enter the building‘s lobby, which is equipped with a directory board for visitors to check the company distribution on each floor. However, the name or logo of “Langit Indonesia Berjangka” was not found on the lobby’s directory board.

Subsequently, the investigators took the elevator to the 27th floor and located the office entrance marked “Suite 05.” Upon identifying themselves and stating their purpose—to visit the office area of Langit Indonesia Berjangka—the investigators were explicitly denied entry by the companys staff. The refusal prevented the survey team from observing the internal environment, layout (e.g., number of rooms, workstations), or reception area details.

Despite being unable to enter, the inspection team gathered a key piece of information from interactions at the entrance and with relevant parties: the office space (Suite 05) is a shared workspace. Notably, the building‘s property management revealed that Langit Indonesia Berjangka and another brokerage firm named Premiere Equity belong to the same group and jointly use the office space. This explains why only the logo of “Premiere Equity” was visible on the lobby’s directory board, with no trace of “Langit Indonesia Berjangka”—the latter does not display its brand identity in the shared office spaces public areas.

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 Langit Indonesia Berjangka 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 judicious 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.