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For investors or traders, you must already know what BAPPEBTI is? In short, BAPPEBTI is a state institution that is directly integrated with the Financial Services Authority, Bank Indonesia, as well as several legal institutions such as the National Police, the Attorney General's Office, which take care of financial issues, investments, stocks and so on.
At a glance based on the explanation above, we can get an idea of its function and work. But what exactly is its function? What is the authority? And how this institution is so very important for futures trading and also the world of stocks. Let's just look at the review below! But before that, you can download the application of GIC on your gadget through the App Store or Play Store.
What Is BAPPEBTI?
Our discussion begins with a complete official explanation. BAPPEBTI is a state institution that takes care of commodity futures trading, with the task of supervising and regulating trade. Meanwhile, BAPPEBTI stands for Commodity Futures Trading Supervisory Agency, or commonly known as the Futures Trading Supervisory Agency.
Many pages convey information related to this Supervisory Body, including wikipedia. BAPPEBTI wikipedia explains briefly without details. But this time, the discussion will be complete to discuss everything related to this Supervisory Body, for those who are interested in knowing news and information related to this Supervisory Body, you can visit the www.bappebti.go.id 2020 page. After knowing what it stands for, let's continue the discussion related to the tasks of this Supervisory Body, including discussions related to the functions and limitations of performance. Let's see the review below.
BAPPEBTI Functions
Before we discuss in full the functions and authorities of this Supervisory Body, we must know what the position of the Supervisory Board is in the Structure of the Commodity Futures Trading Industry. In structure, the Supervisory Agency is directly under the Minister of Trade, and also has a line of coordination with Bank Indonesia and BAPEPAM (Capital Market Supervisory Agency), the National Police and the Attorney General's Office. In addition, this Supervisory Body also directly oversees the futures exchange which is parallel to the futures clearing institution.
This Supervisory Body and the futures clearing institution both house futures traders, non-clearing member futures brokers, and clearing member futures brokers who gather customers and customers. As the function of the Supervisory Body, of course, its function is to supervise. In addition to supervising, other activities also monitor the activities of the management of the term fund center (related to this function directly coordinating with the custodian bank), supervising the term fund center, and monitoring the term advisor.
On the other hand, this Supervisory Agency also has a line of agreement with the Foreign Supervisory Agency that deals with foreign futures exchanges, futures brokers, certain clearing members, and related customers. The explanation of the position and position above is very important, so that the explanation related to functions and authorities can be easily understood. This Supervisory Body has authority related to the issuance of business licenses and regulations regarding futures trading.
One of them is to conduct an examination of alleged permit violations, oversee the promotion of permit holders, and help think of futures trading solutions. One of the futures trading actors whose every activity is supervised and regulated by this Supervisory Agency is a forex broker, or futures broker, a physical trading company with crypto assets, therefore we often hear or read the terms, BAPPEBTI Forex, BAPPEBTI bitcoin, BAPPEBTI crypto and many more. To make it easier to understand the functions of this Supervisory Body, here is a summary of its functions:
This Supervisory Body and the futures clearing institution both house futures traders, non-clearing member futures brokers, and clearing member futures brokers who gather customers and customers. As the function of the Supervisory Body, of course, its function is to supervise. In addition to supervising, other activities also monitor the activities of the management of the term fund center (related to this function directly coordinating with the custodian bank), supervising the term fund center, and monitoring the term advisor.
On the other hand, this Supervisory Agency also has a line of agreement with the Foreign Supervisory Agency that deals with foreign futures exchanges, futures brokers, certain clearing members, and related customers. The explanation of the position and position above is very important, so that the explanation related to functions and authorities can be easily understood. This Supervisory Body has authority related to the issuance of business licenses and regulations regarding futures trading.
One of them is to conduct an examination of alleged permit violations, oversee the promotion of permit holders, and help think of futures trading solutions. One of the futures trading actors whose every activity is supervised and regulated by this Supervisory Agency is a forex broker, or futures broker, a physical trading company with crypto assets, therefore we often hear or read the terms, BAPPEBTI Forex, BAPPEBTI bitcoin, BAPPEBTI crypto and many more. To make it easier to understand the functions of this Supervisory Body, here is a summary of its functions:
- In charge of issuing business licenses for every business actor in futures (forex).
- In charge of providing regulations, rules, and changes to previous regulations related to futures trading (forex).
- It has the task of supervising the activities of futures exchanges and futures clearing institutions, related to applicable regulations, including intensively supervising the implementation of applicable regulations by futures exchanges and futures clearing institutions, and providing strict sanctions and fines in the event of violations.
- Specifies the maximum number of open positions that can be used and acknowledged by each party and determines the limit on the number of open positions that need to be reported periodically.
- Ratifying the list of futures exchanges and also ratifying foreign futures contracts that can be used as distribution destinations at the request of domestic customers.
- Examining every party that has a permit, as well as ordering an examination or investigation of parties suspected of violating legal provisions in futures trading.
- Giving orders to certain parties, to correct or stop the promotion of futures trading that has the potential to mislead public perception.
- Providing a means of solution to problems arising from futures trading activities.
Differences between BAPPEBTI and OJK
BAPPEBTI and OJK are both state institutions related to financial supervision. When it comes to the Financial Services Authority, it will automatically relate to the Commodity Futures Trading Supervisory Agency. However, basically, the two state institutions have different roles, although in some ways they often intersect. But one thing to keep in mind is that the two state institutions both supervise the financial sector. However, the financial sector that is supervised is different. As an independent institution, OJK has authority, duties, and functions related to regulation, supervision and inspection, as well as investigations related to the financial services sector.
It supervises the capital market, banks, and non-bank financial service providers. For example, financing institutions, insurance, and fintech. Therefore, in simple terms, the OJK is more focused on maintaining stability and growing Indonesia's economic competitiveness in the scope of the financial services sector. Meanwhile, the Commodity Trade Supervisory Agency is different from the OJK.
This Supervisory Body focuses more on the supervision and regulation of futures trading activities, such as forex trading, investment and so on. For example, commodities included in this supervision are such as non-financial primary products (such as mining and energy products and agricultural products) and non-financial primary products (such as bonds, foreign exchange, interest rates and crypto assets).
Some brokers such as Binomo, Edccash and Indodax for example, are registered with this Supervisory Body. Therefore, we often see many who associate it with this Supervisory Body, such as BAPPEBTI Edc Cash and BAPPEBTI, Indodax. Therefore, we should choose and use brokers or brokerage companies that are registered in BAPPEBTI 2021. The reason is clear, for the sake of security and certainty for us. The content is also an internal survey from GIC to find out the extent of satisfaction of the users of the GIC platform itself. So what are the other benefits?
It supervises the capital market, banks, and non-bank financial service providers. For example, financing institutions, insurance, and fintech. Therefore, in simple terms, the OJK is more focused on maintaining stability and growing Indonesia's economic competitiveness in the scope of the financial services sector. Meanwhile, the Commodity Trade Supervisory Agency is different from the OJK.
This Supervisory Body focuses more on the supervision and regulation of futures trading activities, such as forex trading, investment and so on. For example, commodities included in this supervision are such as non-financial primary products (such as mining and energy products and agricultural products) and non-financial primary products (such as bonds, foreign exchange, interest rates and crypto assets).
Some brokers such as Binomo, Edccash and Indodax for example, are registered with this Supervisory Body. Therefore, we often see many who associate it with this Supervisory Body, such as BAPPEBTI Edc Cash and BAPPEBTI, Indodax. Therefore, we should choose and use brokers or brokerage companies that are registered in BAPPEBTI 2021. The reason is clear, for the sake of security and certainty for us. The content is also an internal survey from GIC to find out the extent of satisfaction of the users of the GIC platform itself. So what are the other benefits?
What are the Advantages of Choosing a Broker Registered with BAPPEBTI?
Based on Law No. 32 of 1997, Bappebti's authority is to issue business licenses and regulations, as well as to examine permit holders who are suspected of committing violations. Based on the law, the work of this Supervisory Agency is to supervise the promotion of permit holders, and also facilitate the resolution of problems related to futures trading. This Supervisory Agency guarantees any foreign currency buying and selling activity, or futures business. So that every activity can be done safely without worry.
Therefore, BAPPEBTI issues several regulations and requirements for several brokerage firms to be registered with this Supervisory Body. If there is a list of forex brokers registered in BAPPEBTI 2020, it means that the broker has complied with the regulations and requirements, and continues to be under full supervision. Because one of the tasks of this Supervisory Agency is to crack down on several brokers who commit violations.
There are several brokers who have been blocked, such as when BAPPEBTI blocked Binomo because it was considered to violate applicable regulations. But currently, Binomo has returned to operation. Therefore, the dispute between Binomo BAPPEBTI has been resolved. This means that this Supervisory Agency is very strict regarding regulations to ensure public safety. Therefore, the advantage of choosing a registered broker is related to security for us as traders.
Because this Supervisory Body always conducts supervision, feasibility tests and also monitors the performance of every broker that has been registered and licensed. As for brokers who commit violations, the Supervisory Agency does not hesitate to take action even if it is blocked. Then what is the list of official brokers of BAPPEBTI 2020/2021? Let's see the list below. You can also take the Preliminary Test to find out how far your trading skills are.
List of Brokers Registered with BAPPEBTI
Applying for a broker list is now facilitated by the existence of an online system in place. BAPPEBTI online licensing is mandatory for every brokerage company that wants to be registered. The following are the best brokerage companies listed in BAPPEBTI that are often reviewed and trusted. But that doesn't mean the list of other brokers is not good, some of the brokers that will be discussed below are references to better understand brokerage companies aka brokers.
1. Askap Social
PT Askap Futures has been providing futures trading services since 1998. Askap is well-known for providing trading features that are on par with international class brokers. This is due to Askap's commitment to providing a safe, comfortable and easy trading experience for every client and customer. The advantage of Askap is that we can order without requotes so that the broker can briefly execute orders from traders.
2. PT Global Kapital Investama Berjangka
This broker is also known as GKInvest. Due to the credibility of GKInvest, this broker has become a member of two well-known exchanges, namely ICDX (Indonesia Commodity and Derivatives Exchange) and JFX (Jakarta Future Exchange). GKInvest in May 2019 won the first place in the category of Indonesia's bilateral transaction trading volume on the ICDX and JFX exchanges.
3. PT Trijaya Pratama Futures
The next brokerage company is Trijaya Pratama Futures, which has been registered with the Commodity Futures Trading Supervisory Board and is also a member of leading exchanges in Indonesia. The broker's flagship feature is Autochartist which makes it easy for any trader to keep an eye on the movement of foreign currencies.
4. PT Valbury Asia Futures
Valbury Asia Futures has been in business since 1999. The advantage of the broker is its extensive network in several cities on every island in Indonesia, such as Sumatra, Kalimantan and Java. Anyone can easily start trading at this broker. We can start this trader anywhere, we don't have to be domiciled in Jakarta alone.
5. PT Asia Trade Point Futures
We can start trading at this broker with a deposit starting from IDR 10,000,000. One of the trading brokers that makes it easy for us to start trading without having to make a large deposit. Other facilities and features that we can get are education about forex that is provided for free which will be very useful for us to expand our understanding of the world of forex trading. Especially for those of us who are beginners.
6. Monex Investindo Futures
The broker, which has been active since 2000, is one of the well-known brokerage firms and has the best performance in Indonesia. The advantage of this broker is that it sets spreads at affordable prices, and also provides a wide range of investment products and instruments. There are also customer care facilities available for 24 hours, we can contact via chat or call directly during business hours and days. The following is a list of other brokers listed in BAPPEBTI 2021. The list of brokers below is complete with the license number of the Commodity Futures Trading Agency:
That's all the explanation related to the Commodity Futures Trading Supervisory Agency, along with related discussions. Including the difference with the OJK and also the list of brokers registered in BAPPEBTI 2020/2021 which can be a reference. Hopefully the explanation above can add knowledge for us related to finance, trading, investment and forex trading.
Stay enterprising and disciplined in trading, because an effort will never betray results! Also make sure to fill out the Trader Assessment so that you can freely consult with experts about trading. That was information about the meaning of BAPPEBTI. In addition to information about investment and finance, GIC also provides a guide in the form of a scalping ebook for those of you who are still learning how to trade with scalping techniques.
| Broker/Broker Company | Permit Number |
| PT. CYBER FUTURES | 439/BAPPEBTI/SI/VIII/2004 |
| PT. DELAPAN EMAS BERJANGKA | 003/BAPPEBTI/SI/12/2019 |
| PT. Didi Max Berjangka | 44/BAPPEBTI/SI/XII/2000 |
| PT. EQUITYWORLD FUTURES | 850/BAPPEBTI/SI/12/2005 |
| PT. ESANDAR ARTHAMAS BERJANGKA d/h PT. HARVEST INT | 485/BAPPEBTI/SI/IX/2004 |
| PT. ETERNITY FUTURES | 504/BAPPEBTI/SI/X/2004 |
| PT. JALATAMA ARTHA BERJANGKA | 109/BAPPEBTI/SI/IV/2001 |
| PT. JAVA GLOBAL FUTURES d/h PT. HIG INTERNASIONAL BERJANGKA d/h PT. Penata Art | 926/BAPPEBTI/SI/8/2006 |
| PT. KONTAKPERKASA FUTURES | 41/BAPPEBTI/SI/XII/2000 |
| PT. KRESNA INVESTA FUTURES d/h PT. World Index Inv | 423/BAPPEBTI/SI/VII/2004 |
| PT. MAHADANA ASTA BERJANGKA | 834/BAPPEBTI/PN/11/2005 |
| PT. MAXCO FUTURES | 353/BAPPEBTI/SI/IV/2004 |
| PT. MEGA MENARA MAS BERJANGKA d/h PT. MEGAGROWTH FUTURES | 1092/BAPPEBTI/SI/1/2007 |
| PT. MENARA MAS FUTURES | 583/BAPPEBTI/SI/XII/2004 |
| PT. MENTARI MULIA BERJANGKA | 28/BAPPEBTI/SI/03/2013 |
| PT. INDOSUKSES FUTURES | 69/BAPPEBTI/SI/XII/2000 |
| PT. INTER PAN PASIFIK FUTURES | 427/BAPPEBTI/SI/VII/2004 |
| PT. INTERNATIONAL BUSINESS FUTURES | 912/BAPPEBTI/SI/8/2006 |
| PT. INTERNATIONAL MITRA FUTURES | 736/BAPPEBTI/SI/6/2005 |
| PT. MIDTOU ARYACOM FUTURES | 820/BAPPEBTI/SI/10/2005 |
| PT. MONEX INVESTINDO FUTURES | 178/BAPPEBTI/SI/I/2003 |
| ABI KOMODITI BERJANGKA | 001/BAPPEBTI/SI/02/2020 |
| IDS KAPITAL BERJANGKA | 002/BAPPEBTI/SI/05/2020 |
| OTM KAPITAL BERJANGKA | 0002/UPTP/SIP/5/2019 |
| PT. AGRODANA FUTURES | 40/BAPPEBTI/SI/XII/2000 |
| PT. ASIA TRADE POINT FUTURES | 873/BAPPEBTI/SI/1/2006 |
| PT. BESTPROFIT FUTURES | 499/BAPPEBTI/SI/X/2004 |
| PT. CCAM BERJANGKA INDONESIA dh PT. Maha Ratu Berjangka | 30/BAPPEBTI/SI/04/2013 |
| PT. CENTRAL CAPITAL FUTURES | 881/BAPPEBTI/SI/1/2006 |
| PT. CENTURY INVESTMENT FUTURES | 411/BAPPEBTI/SI/PN.01/XI/2004 |
| PT. CERDAS INDONESIA BERJANGKA d/h PT. OVERSEAS COMMERCIAL FUTURES | 862/BAPPEBTI/SI/1/2006 |
| PT. CGS-CIMB Futures Indonesia | 81/BAPPEBTI/SI/12/2014 |
| PT. FINEX BERJANGKA | 47/BAPPEBTI/SI/04/2013 |
| PT. FIRST STATE FUTURES | 18/BAPPEBTI/PN/3/2010 , 3 |
| PT. GATRA MEGA BERJANGKA | 271/BAPPEBTI/SI/X/2003 |
| PT. GLOBAL INTRA BERJANGKA d/h PT. GLOBAL ARTHA FUTURES | 587/BAPPEBTI/SI/XII/2004 |
| PT. GLOBAL KAPITAL INVESTAMA BERJANGKA d/h PT. MEGAH TAMA BERJANGKA | 824/BAPPEBTI/SI/11/2005 |
| PT. HANDAL SEMESTA BERJANGKA | 001/BAPPEBTI/SI/5/2018 |
| PT. HFX Internasional Berjangka dh PT. Fortis Asia Futures | 877/BAPPEBTI/SI/1/2006 |
| PT. VALBURY ASIA FUTURES | 184/BAPPEBTI/SI/II/2003 |
| PT. VICTORY INTERNATIONAL FUTURES | 558/BAPPEBTI/SI/XII/2004 |
| PT.Prudent Internasional Berjangka d/h PT. Millennium Prudent Futures d/h PT. OPTIMA CAPITAL FUTURES | 93/BAPPEBTI/SI/12/2011 |
| RAJAWALI KAPITAL BERJANGKA | 003/BAPPEBTI/SI/08/2020 |
That's all the explanation related to the Commodity Futures Trading Supervisory Agency, along with related discussions. Including the difference with the OJK and also the list of brokers registered in BAPPEBTI 2020/2021 which can be a reference. Hopefully the explanation above can add knowledge for us related to finance, trading, investment and forex trading.
Stay enterprising and disciplined in trading, because an effort will never betray results! Also make sure to fill out the Trader Assessment so that you can freely consult with experts about trading. That was information about the meaning of BAPPEBTI. In addition to information about investment and finance, GIC also provides a guide in the form of a scalping ebook for those of you who are still learning how to trade with scalping techniques.
