Purpose

The Indonesia forex market is an emerging foreign exchange market that has developed in recent years. With the continuous development of the Indonesia's economy, the importance of forex trading in the financial sector has become increasingly prominent. To help investors or practitioners gain a more comprehensive understanding of forex brokers in this region, the on-site inspection team conducted field visits in Indonesia.

Process

The team went to Indonesia as planned to visit the forex broker Esandar. According to public information, its office address is Agung Podomoro Land Tower Lt. 36 Jl. Letjen S. Parman Kav. 28, Jakarta Barat 11470.

A professional and experienced on-site verification team, driven by a sense of mission to strictly vet for investors, traveled to Indonesia according to a well-planned schedule. They conducted a physical verification of the broker Esandar, which claims to be located at Agung Podomoro Land Tower Lt. 36 Jl. Letjen S. Parman Kav. 28, Jakarta Barat 11470.

The verification personnel successfully arrived at Agung Podomoro Land Tower. The location is in West Jakarta, Indonesia, with a relatively bustling surrounding environment and a strong commercial atmosphere. However, no company logo or related information about Esandar was found on the exterior of the building.

The verification personnel entered the building lobby and stated their purpose to the security guard. After communication, they obtained permission to enter. On the directory board inside the building, there was no information about this company.

However, the process of reaching the target floor was not smooth. Due to various reasons, the verification personnel were unable to reach the specific floor, and thus could not confirm whether Esandar's office area had clear signage or security measures. The verification personnel also could not enter the interior, nor could they photograph the reception area and its LOGO. The office was also not a shared workspace.

From the public areas of the building, as they could not enter the company's interior, the verification personnel were unable to observe the company's internal environment and other conditions. Overall, the company does not exist.

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

Conclusion

The on-site inspection team visited the forex broker Esandar in Indonesia as planned. At its public business address, they were unable to see information such as the broker's company name, indicating that the broker does not have a genuine business premises. Investors are advised to make their choice after comprehensive consideration.

Disclaimer

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