Indonesian government blocking access to most brokers

Why Indonesia blocks brokers?

The Indonesian government blocks access to most brokers’ websites. Probably they try to stop unreliable and scam brokers.

They also may want to protect the Indonesian people so they have access to only licensed brokers in Indonesia. You can’t blame them. Every government should protect its citizens.

Indonesia has begun publicly objecting to foreign FX firms. The government maintains a site called TRUST+, which lists the complaints filed against foreign FX firms. It also lists the main websites of Western brokers and their representatives. The site also contains a list of websites that appear on the TRUST+ site.

While the Indonesian government has taken steps to restrict foreign Forex brokers, it has remained reluctant to regulate over-the-counter Forex trading.

They defended the decision by saying it would protect its digital ecosystem and the internet users.

Indonesia and Forex brokers.

Indonesia has been a popular destination for retail Forex participants. Since the country’s financial markets are increasingly regulated, many major brokers have been looking eastward to new markets. However, the Indonesian government has begun publically objecting to foreign FX firms. The government’s TRUST+ website lists complaints against foreign FX firms. Furthermore, it lists the main sites and representative offices of Western brokers and signal providers.