Regulator profile · ID
BAPPEBTI — Badan Pengawas Perdagangan Berjangka Komoditi
Tracked byIndependent review teamUpdated
BAPPEBTI (Badan Pengawas Perdagangan Berjangka Komoditi) is Indonesia's Commodity Futures Trading Regulatory Agency, supervising futures and OTC derivative trading under Law No. 32/1997 (revised 2011). Indonesian retail FX is treated as a commodity-futures contract under BAPPEBTI rather than a banking or securities product — OJK supervises banking and capital markets separately.
Brokers in Indonesia accepting residents under BAPPEBTI- Jurisdiction
- Republic of Indonesia.
- Founded
- 1999
- Mandate
- Established under the Ministry of Trade by Law No. 32/1997 on Commodity Futures Trading. BAPPEBTI licenses Pialang Berjangka (Futures Brokers) and Pedagang Berjangka (Futures Traders/principals); enforces conduct rules, capital adequacy and customer-fund segregation; operates parallel to OJK's capital-markets supervision.
- Consumer protection
- BAPPEBTI requires segregated client accounts at Indonesia Clearing House (Kliring Berjangka Indonesia, KKI). Compensation funds at member-firm level provide partial coverage in the event of broker default; no statutory deposit-insurance equivalent. Negative balance protection is not statutorily mandated.
- Retail leverage caps
- BAPPEBTI permits retail FX leverage up to 1:200 on major currency pairs — among the more permissive Asian regulators. Some Pialang Berjangka also offer Sharia-compliant accounts (no overnight swaps) under BAPPEBTI's Islamic-financial-services adjacent rules.
- Public register
- BAPPEBTI publishes the Pialang Berjangka list — verify the broker's licence number and Pialang Berjangka classification. Cross-reference Indonesia Clearing House membership for clearing-eligibility status. Open register ↗
- Dispute resolution
- BAPPEBTI's mediation committee handles disputes between clients and licensed Pialang Berjangka. Mediation outcomes are typically non-binding but BAPPEBTI can issue regulatory orders compelling firm-level remediation.
- Editor notes
- BAPPEBTI-licensed brokers include Monex Investindo Futures, Valbury Asia Futures, Soegee Futures and Maxco Futures. International brokers (Exness, OctaFX, XM, FBS) onboard Indonesian residents via offshore entities — BAPPEBTI publishes regular Investor Alerts naming unauthorised platforms targeting Indonesian users. Sharia compliance is a meaningful segment of the local retail market.
Brokers we track with a BAPPEBTI licence
No brokersNo tracked broker currently holds a BAPPEBTI licence in our database.