Authority and scope
Sections ↑Bank Indonesia regulates financial derivatives whose underlying assets fall within the money market and foreign-exchange market, known as PUVA. Responsibility for this segment transferred from Bappebti on 10 January 2025. PADG 26/2025, effective 1 December 2025, sets out the implementing framework.[1]
Understand the permission boundary
| Item | Practical interpretation |
|---|---|
| PUVA derivatives | Check the underlying asset and authorised activity. A broker, dealer, adviser and market infrastructure operator have different roles.Source 1 |
| Commodity futures | A Bappebti commodity-futures licence is not, by itself, evidence of the company’s current BI permission for PUVA derivatives.Source 1 |
| Other products | Do not use a BI permission as blanket approval for every stock, index or commodity product marketed by a group.Source 1 |
| Customer obligations | The framework covers client-money arrangements, margin, confirmations, consumer protection and compliance requirements. Those obligations do not guarantee trading profits.Source 1 |
Registers and permission checks
Sections ↑Licensing checks
| Check | What to match |
|---|---|
| Company name | Use the legal entity in the agreement rather than only the application or trading brand.Source 2 |
| Activity category | Select the relevant financial-market participant category. A personal treasury-dealer entry is not a brokerage company licence.Source 2 |
| Reference and date | Match the permission-letter reference, date, status and any notes. Preserve a newer letter separately from an older number quoted on the website.Source 2 |
| Unresolved match | A broker-published letter number remains a company claim until the same firm and permission are confirmed through BI’s official record or response.Source 2 |
Check the exact legal entity, permissions, current status and scope in the official record. A brand connection in our coverage does not establish authorisation.
Rules for firms and products
Sections ↑The PADG summary covers the whole trading arrangement: products and reference pricing, dealers and brokers, advisers, trading facilities and clearing. That matters because an approval for one role should not be used to describe another. The summary also says that certain provisions take effect in stages, so the general 1 December 2025 commencement date does not settle every transitional requirement.[1]
From permission to account operation
| Subject | What it means |
|---|---|
| Reference pricing | The framework requires transparent and credible pricing arrangements for the covered intermediaries and infrastructure.Source 1 |
| Client-account records | Separate-account arrangements, margin, confirmations and settlement are separately addressed.Source 1 |
| Ongoing oversight | BI describes off-site supervision and inspections, with reporting and governance obligations.Source 1 |
| Regulatory measures | The published framework includes written warnings, monetary obligations, activity suspension and permission withdrawal.Source 1 |
Client assets and protections
Sections ↑Complaints and redress
Sections ↑Official routes
| Route | Use |
|---|---|
| Provider first | BI’s published sequence starts with a complaint to the service provider and its response.Source 3 |
| Escalation to BI | An unsatisfied customer can approach BI through 131 or a BI office for matters within its consumer-protection scope.Source 3 |
| Contact details | BI publishes 131 for local callers and 1500131 for callers from abroad. Its consumer-protection page provides the current service entry points.Source 4 |
Record the product, order, statement and permission reference in a complaint. This makes it easier to identify the responsible authority where one brokerage brand offers several product families.[3][1]
For a multi-product dispute, separate FX/money-market derivatives from securities-underlying and commodity transactions. Identify the product, company, permission and dates. Consumer redress and supervisory sanctions are separate.[3][1]
Report misconduct, scams or a clone
Sections ↑This profile has not yet established the applicable procedure, receiving body and eligibility for this task. Consult the authority’s official resources and check your firm, product and circumstances before acting.
Compensation & firm failure
Sections ↑This profile has not yet established the applicable procedure, receiving body and eligibility for this task. Consult the authority’s official resources and check your firm, product and circumstances before acting.
Contacts & official resources
Sections ↑PADG 26/2025: PUVA derivatives framework
- Responsible body
- Bank Indonesia
- Scope
- Separate accounts, margin, confirmations, supervision and staged commencement provisions.
- Resource availability
- Available
- Checked
- Source 1
BI consumer-protection questions
- Responsible body
- Bank Indonesia
- Scope
- Consumer complaint gateway and procedure.
- Resource availability
- Available
- Checked
- Source 3
Resource availability describes the documented route. It does not establish eligibility, authorisation or compensation coverage.
Sources & further reading
- PADG 26/2025: money-market and foreign-exchange derivatives Bank Indonesia · Accessed 15 Oct 2026
- Financial-market licensing information Bank Indonesia · Accessed 12 Oct 2026
- Consumer protection: scope and complaint sequence Bank Indonesia · Accessed 15 Oct 2026
- Bank Indonesia consumer protection and contact routes Bank Indonesia · Accessed 12 Oct 2026
A documented resource is not a finding of eligibility or compensation coverage. Consult the named body and current official terms for your firm, product and circumstances.
Report an error or submit an update
Covered broker profiles
Profiles connected to this authority in our coverage. This is not a complete official register or a list of approved brokers; see each entity’s dated status.
HSB Investasi
Micro, Standard and Premium accounts, Indonesian eligibility, fixed-rate deposits, instant and manual withdrawals, strategy restrictions, Top Trader limitations and the published negative balance policy.
- Operating status
- Active
- Headquarters
- Jakarta, Indonesia
- Sources checked
- 12 Oct 2026
MIFX
Five MIFX account plans compared, including fixed-rate funding, Multilateral lot conventions, MT5 commission rounding, verification limits, instant withdrawals and the person-wide negative balance policy.
- Operating status
- Active
- Headquarters
- Jakarta, Indonesia
- Sources checked
- 12 Oct 2026
Valbury
Alpha, Sirius and Vega plans, instrument spread displays, onboarding, bank withdrawals and leverage, with separately scoped PALN US-share ownership, fees, settlement and client-protection limits.
- Operating status
- Active
- Headquarters
- Jakarta, Indonesia
- Sources checked
- 15 Oct 2026