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 Octa Investama as planned according to its regulatory address that Millennium Centennial Center, lantai 37 C-H, Jl. Jenderal Sudirman No.Kav. 25, Kuningan, Karet, Kecamatan Setiabudi, Kota Jakarta Selatan, Daerah Khusus Ibukota Jakarta 12920.

A seasoned and professional inspection team, committed to safeguarding investor interests, conducted a meticulously planned on-site verification of the forex broker Octa Investama at Millennium Centennial Center in one of the core commercial districts of Jakarta, Indonesia.

The investigators successfully arrived at the Millennium Centennial Center on Jalan Sudirman in South Jakarta CBD. This Grade-A office tower occupies a premium downtown location with excellent transport links and comprehensive surrounding amenities.

Upon entering the buildings lobby, the survey team noted that while floor directory signage was available, the target company could not be directly located through public indicators. Proceeding with the known address (Unit C-H, 37th floor), they proceeded directly to the specified level.

On the 37th floor, the team successfully identified the “C-H” unit signage, confirming Octa Investamas tenancy with its corporate logo visibly displayed at the premises. When attempting to enter the office for further inspection, staff explicitly denied entry. Despite this restriction, limited observation and documentation were permitted at the reception area.

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 Octa Investama 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.