WikiFX Visited Soegee Futures in Indonesia

Broker: Soegee Futures

Visited on: November 25th, 2019

Conclusion: broker really exists

On-the-spot investigation

According to regulatory information, Soegee Futures licensed branch in Indonesia is at Graha Selaras LT .3, Jl. K.H. Mas Mansyur No.59 Jakarta, and WikiFX team recently visited the broker at the spot.

Mas Mansyur is a renowned business area in downtown Jakarta, and there WikiFX survey team found the destination of this trip - a white office building with the sign “Graha Selaras” outside. We entered the building and followed the directory to the third floor, where we immediately found the striking logo of Soegee Futures. The receptionist gave us a warm welcome after we explained our intention and briefly introduced the company. Soegee Futures is a moderate-size company and has around 20 cubicles, with files stacking up on each office table. We thus confirm that the licensed branch of Soegee Futures truly exists.

Analysis

Through our recent visits to Indonesia-based brokers, WikiFX found that although not very sizable, most brokers hold retail forex licenses from BAPPEBTI and operate in fully legitimate business. Meanwhile, the rather low visibility of local brokers in the circle has largely stemmed from Indonesias overall forex environment.

Indonesia's forex regulation started relatively late, while the business capabilities of local forex brokers also need further improvements. As conditions improve from all aspects in recent years, the Indonesian market has a great potential to rise with an amazing speed.

According to its official website, Soegee Futures, established in 2003, is an international company specialized in futures investment. It allows customers around the world to trade through a variety of accounts including retail and professional accounts. Soegee Futures holds a retail foreign exchange license issued by BAPPEBTI and is also a member of Jakarta Futures Exchange(JFX) and Indonesia Derivatives Clearing House(KBI). It has more than 15 years of experience in the field of futures investment management and has won numerous awards. Regulatory information shows that the license of Soegee Futures is authentic and the broker is qualified for forex brokerage.

Conclusion

According to WikiFX App, the broker Soegee Futures is currently in valid regulation, holding license from BAPPEBTI. With a WikiFX rating of 5.97, the broker has acceptable reliability and investors may consider choosing this broker.