WikiFX Visited Topgrowth Futures in Indonesia

Exposed broker: Topgrowth Futures

Visited on: November 22nd, 2019

Conclusion: the broker truly exists

On-the-spot investigation

According to regulatory information, Topgrowth Futuress office is located at Sahid Sudirman Center LT. 40 Jl. Jend. Sudirman Kav. 86 Jakarta, and WikiFX recently visited the broker at the location.

We drove to Jl. Jend. Sudirman Kav, one of the busiest business area in Jakarta and soon found the directory sign to Sahid Sudirman Center outside a white building. We followed the sign to the office building and took the elevator to Sahid Sudirman Center LT. 40 that we set out to visit. There we saw the striking logo of Topgrowth Futures at its neat and posh reception. We explained our intention to the company staff, and learned that there were about 20 staff members working in the office. We thus confirm through investigation that Topgrowth Futures' office really exists in Indonesia.

Analysis

The financial market that continues to grow in recent years is gaining wider reach and influence, while the Southeast Asian market after decades of rapid development is eventually shifting its focus to providing financial services, thus accommodating for the expansion of the financial market. With several hundred million of population, Indonesia also successfully seized this opportunity, but the weak financial regulation is still a problem that local authorities and brokers need to solve urgently.

According to its official website, the surveyed broker Topgrowth Futures was established in 2003 and has now grown into the best and largest futures brokerage company in Indonesia, providing services in forex, indices and commodity trading. Regulated by BAPEBBTI, the broker is also official member of JFX (Jakarta Futures Exchange), ICDX (Indonesia Commodities and Derivatives Exchange) and KBI(Indonesia Derivatives Clearing House). Per investigation, Topgrowth Futures holds retail forex license from BAPPEBTI and is qualified for forex business.

Conclusion

WikiFX App shows Topgrowth Futures to be under regulation with retail forex licenses from BAPPEBTI. The company has been in business for less than a year with a WikiFX rating of 5.97, suggesting fairly acceptable credibility. Nonetheless, investors need to pay close attention to asset safety during your investment.