Forex and CFD Brokers Indonesia
The Financial Services Authority of Indonesia (Otoritas Jasa Keuangan or OJK) is the regulatory authority responsible for supervising and regulating the financial services sector in Indonesia. It was established in 2011 under the Financial Services Authority Act (UU No. 21 Tahun 2011) and has authority over banking, capital markets, and non-bank financial institutions.
CFD stands for Contract for Difference. It is a popular derivative product that allows traders to speculate on the price movements of various financial instruments without owning the underlying asset. CFDs provide an opportunity to profit from both rising and falling markets. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs.