WikiFX

Reply

Yes, Finex is regulated by the Badan Pengawas Perdagangan Berjangka Komoditi (BAPPEBTI), a regulatory authority in Indonesia. Finex operates under the Retail Forex License number 47/BAPPEBTI/SI/04/2013. As a trader, this regulation is important to me because it provides a certain level of security and ensures that Finex adheres to the necessary legal and financial standards set by Indonesian authorities. BAPPEBTI's oversight means that Finex must keep client funds segregated and follow strict financial reporting requirements. However, one thing to note is that BAPPEBTI is not as globally recognized as regulators like the UK's FCA or the US SEC. While this may be a concern for some traders, I personally feel comfortable trading with Finex since I am based in Indonesia, where it operates legally. Finex investment options are diverse, including forex, metals, indices, and shares, which I think makes it a versatile platform for many different trading styles.