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 Inter Pan as planned according to its regulatory address that Lippo Mall Puri Lippo Office Tower, Lt 10, Unit 1005, Jl. Puri Indah Raya Blok U 1, Kembangan, Jakarta Barat 11610.

A seasoned and professional inspection team, committed to safeguarding investor interests, conducted a meticulously planned on-site verification of the forex broker Inter Pan at Lippo Mall Puri Lippo Office Tower in Jakarta Barat.

The investigators successfully arrived at the destination—the Lippo Mall Puri Office Tower. This building is located on Puri Indah Road in the Kembangan area of West Jakarta, boasting a prime location within one of Jakarta‘s central business districts. The tower’s modern and imposing exterior, along with its excellent maintenance, clearly distinguishes it from surrounding ordinary structures, preliminarily confirming its status as a high-end business venue.

Upon entering, the building enforced strict access control. The survey team was required to present personal identification and complete pre-registration before being granted entry. The interior was clean, well-organized, and featured tight security measures. They quickly located the floor directory in the lobby and successfully identified Inter Pans office at Unit 1005 on the 10th floor.

Subsequently, the inspection team proceeded to the 10th floor and accurately located the entrance marked Unit 1005. It was confirmed that Inter Pan did indeed operate at this address. The team accessed the floors common area and reached the office entrance. They were able to enter the reception area or outer lobby but observed that the office was exclusively used by Inter Pan and not a shared workspace. The office signage was clear; however, when attempting to gather further details about the interior, access was restricted, and they were not permitted to enter the core working area. As a result, they could not directly observe or verify the exact number of internal rooms or employee workstations.

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 Inter Pan 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.