Authority and scope
Sections ↑OJK’s derivatives remit includes financial derivatives whose underlying asset is a security. POJK 1/2025 took effect on 10 January 2025. For a broker offering multiple markets, the underlying product is central to deciding which Indonesian authority and permission apply.[1]
Registers and permission checks
Sections ↑Evidence to request and compare
| Evidence | Why it matters |
|---|---|
| Dated permission letter | Check the issuer, addressee, document reference and the precise wording of the approval.Source 2 |
| Current authority confirmation | If an official firm-specific record cannot be matched, retain the number as company-published and seek confirmation through OJK’s official channels.Source 4 |
| Agreement and contract specification | Identify whether the customer obtains a derivative or a direct securities account; an overseas provider’s involvement does not settle that question by itself.Source 1Source 3 |
| Transition versus final status | After approval in principle, the regulation recognises relevant earlier permissions under OJK supervision; a later business-licence application remains required.Source 2 |
When checking a brokerage permission, include the legal entity and letter reference and ask about the specific product. A general authority logo, an exchange membership or another company’s permission is not sufficient evidence for the proposed contract.[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 ↑Product and approval distinctions
| Question | What to establish |
|---|---|
| What is the underlying asset? | Securities-based derivatives belong to the OJK framework. Do not treat a foreign-exchange permission as a substitute for the relevant securities-based permission.Source 1 |
| What is PALN? | For the overseas-order-routing arrangement called PALN, OJK’s 6 October 2025 announcement confirms that the handover of securities-underlying derivatives, including PALN, was complete.Source 3 |
| Is the document transitional? | POJK 1/2025 distinguishes approval in principle from a later business-licence application. Quote the actual status written in the permission document.Source 2 |
| Who is approved? | Match the local legal company, exact letter number, date and product/activity. A related foreign execution or custody provider is a different entity.Source 2 |
Complaints and dispute resolution
Sections ↑LAPS SJK is the integrated alternative-dispute body operating since 1 January 2021 following the consolidation of six sectoral bodies. OJK identifies it as a route for civil disputes between consumers and financial-service providers within its scope. This is separate from reporting alleged unauthorised activity or asking OJK to verify a permission.[6]
LAPS SJK route
| Topic | Published position and meaning |
|---|---|
| Submission | An eligible unresolved dispute can be submitted through OJK’s APPK at kontak157.ojk.go.id or directly to LAPS SJK.Source 6 |
| Parallel proceedings | The procedure excludes matters already under examination or decided by a court, arbitration body or another alternative-dispute institution.Source 6 |
| Small retail disputes | OJK describes free mediation for eligible capital-market retail claims up to Rp500 million. The figure concerns mediation charges and eligibility, not insurance of an investment balance.Source 6 |
Compensation and firm failure
Sections ↑A LAPS SJK settlement or award and a claim under an investor-asset protection arrangement are different legal mechanisms. The securities-underlying derivatives approval described in this profile does not itself establish a universal compensation sum. Confirm the actual product, asset holder and any scheme membership before applying a protection limit.[6][1]
Official contacts and resources
Sections ↑Consumer enquiries
Independent dispute body
| Topic | Published position and meaning |
|---|---|
| [email protected]Source 7 | |
| Telephone | +62 21 252 7700Source 7 |
| Office | Menara Karya, 25th floor, Jakarta; verify the current filing instructions on LAPS SJK’s site.Source 7 |
Use the authority’s official website for current official routes. Purpose-specific resources have not yet been established in this profile.
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.
Sources & further reading
- POJK 1/2025: derivatives with securities as the underlying asset Otoritas Jasa Keuangan · Accessed 12 Oct 2026
- POJK 1/2025 official regulation and transition provisions Otoritas Jasa Keuangan · Accessed 12 Oct 2026
- 6 October 2025: completed handover including securities-underlying PALN Otoritas Jasa Keuangan · Accessed 12 Oct 2026
- Current OJK consumer reporting channels Otoritas Jasa Keuangan · Accessed 12 Oct 2026
- Official consumer-protection portal Otoritas Jasa Keuangan · Accessed 12 Oct 2026
- OJK: alternative financial-services dispute resolution Otoritas Jasa Keuangan · Accessed 15 Oct 2026
- LAPS SJK official service and contacts LAPS SJK · Accessed 15 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.
Ajaib
A detailed Indonesian profile of Ajaib Sekuritas stock trading, Ajaib Terminal, market and limit charges, trade-limit and margin facilities, mutual funds and bonds, RDN settlement, transfers, support and OJK licence evidence.
- Operating status
- Active
- Headquarters
- Jakarta, Indonesia
- Sources checked
- 16 Oct 2026
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
Mandiri Sekuritas
Mandiri Sekuritas offers Indonesian securities through online, full-service, Sharia and approved margin accounts. Customers notified of MOST access restrictions have a 30-day transition to Growin; trading fees, borrowing rules and withdrawal processing depend on the account and channel.
- Operating status
- Active
- Headquarters
- Jakarta, Indonesia
- Sources checked
- 16 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