Risk scorecard
Each area is scored 0 (clean) to 10 (worst). Higher means more risk.
Regulation
9/10 · CriticalThe only licence, BAPPEBTI 601/BAPPEBTI/SI/I/2005, was revoked in 2020 and the firm sits on the regulator’s withdrawn licence register while still advertising as licensed.
Identity & transparency
5/10 · ModerateThe legal entity, registered address and phone match the regulator’s own record exactly, which is genuinely transparent, but the site hides the one material fact that the licence was withdrawn and publishes no licence number.
Withdrawals & conduct
7/10 · HighThree named clients sued in the Jakarta Commercial Court in 2017 over funds the company would not release, with exact amounts and a case number, though the pattern is historical and sits in a single proceeding.
Reputation
7/10 · HighAlmost no independent footprint: no Trustpilot profile, a company social page dormant since 2017 with no reviews, and what public record exists is the revocation and the court case.
Website claims
9/10 · CriticalSix years after revocation the site still claims BAPPEBTI licensing, assured legality and segregated client accounts, with no licence number and no verification link.
Operational history
6/10 · HighGenuine longevity is credited: exchange member since 2004, licensed from 2005, domain since 2016, and the claimed founding year is accurate; the regulated life of the business nonetheless ended in 2020.
Who they are
A quick desk file on the company behind the brand.
- Brand: Arta Mas Futures (the site also writes it as Artamas Futures)
- Legal entity: PT. Arta Mas Futures, previously PT. Bimasakti Berjangka
- Registered: Grand Slipi Tower Lt. 19 Unit 19i, Jl. Letjen. S. Parman Kav 22-24, Palmerah, Jakarta Barat 11480, Indonesia
- Website: artamasfutures.com (registered 16 December 2016)
- Only licence: BAPPEBTI futures broker licence 601/BAPPEBTI/SI/I/2005, issued January 2005 and revoked in 2020
- Exchange status: Jakarta Futures Exchange membership SPAB-086/BBJ/09/04 cancelled with effect from 4 August 2020
- Offers: forex, stock indices and commodity derivative contracts, advertised in Indonesian only
- Not accepted: clients from the United States, Iran and North Korea
- Age claim: operating since 2005. The company really was licensed from January 2005, so the age claim itself is true. What is not true is the claim that it is still licensed.
Regulation
Who really oversees this broker, and what each licence is worth to you.
Proof of regulation on an official register: No
We could not confirm this broker on any genuine regulator’s register.
Licences the broker publishes
BAPPEBTI
Found by our investigation (1) — the broker does not list these on its own site
JFX
Found by us — not listed by the broker
Why we reached this verdict
How the evidence adds up.
We reached this verdict from the regulator’s own records, a court file and the broker’s own website.
- The licence is gone, and BAPPEBTI says so in public. On 23 August 2026 we opened BAPPEBTI’s page titled Pialang Berjangka Yang Izinnya Dicabut, which means futures brokers whose licence has been revoked. The first row reads PT. ARTA MAS FUTURES d/h PT. BIMASAKTI BERJANGKA, licence 601/BAPPEBTI/SI/I/2005, at Grand Slipi Tower Lt. 19 Unit 19i. That is the same licence number, the same legal entity and the same address the website uses.
- It is not on the live register. We pulled BAPPEBTI’s full list of currently licensed futures brokers, about 70 firms, and Arta Mas Futures is not among them.
- The exchange removed it too. The Jakarta Futures Exchange cancelled the firm’s membership by letter PKB-001/BBJ/08-2020, effective 4 August 2020, as a follow up to Head of BAPPEBTI Decision No. 05 of 2020 revoking the futures broker licence.
- Clients had already gone to court over their money. In case No. 103/Pdt.Sus-PKPU/2017/PN.Jkt.Pst at the Jakarta Commercial Court, three clients named Buyung Anasril, Kevin Wiradinata and Kennard Wiradinata petitioned against PT Arta Mas Futures because it would not release their investment funds. The sums were Rp 2.48 billion plus USD 78,678, Rp 760.61 million plus USD 150,118, and Rp 30.39 million plus USD 49,874. The company’s lawyer told the court the margin simply was not in its records.
- The website has not been corrected. Six years after the revocation the home page still says the firm is a futures brokerage serving Indonesian clients, that commodity trading with it is berizin Bappebti, meaning BAPPEBTI licensed, that its legality is assured, and that it holds client money in a segregated account. There is no licence number and no verification link anywhere on the site. Someone reading it today would reasonably believe the firm is still supervised. It is not.
- Scoring note. The weighted scorecard produced about 69 percent. Our rules put a floor of 70 on any case carrying one piece of hard, regulator level evidence, so the published figure is 70. We stopped short of a confirmed verdict because we found no second independent hard item: there is no warning notice naming the domain, no fraud judgment, and no evidence that anyone is depositing money through the site today.
- Age is measured, not taken from the About page. The domain dates from December 2016. The company is clearly older, since its exchange membership dates from September 2004, but we could not open an Indonesian company registry entry to date the incorporation. The operating history figure therefore rests on the domain alone and should be read as an upper bound.
Evidence ledger
Every finding, with its source and how strongly it points.
E1BAPPEBTI’s public register titled Pialang Berjangka Yang Izinnya Dicabut, meaning futures brokers whose licence has been revoked, lists PT. ARTA MAS FUTURES d/h PT. BIMASAKTI BERJANGKA with licence 601/BAPPEBTI/SI/I/2005 at Grand Slipi Tower Lt. 19 Unit 19i, the same address the website publishes.
E2The complete BAPPEBTI list of currently licensed futures brokers, around seventy firms retrieved in full on 23 August 2026, contains no entry for Arta Mas Futures or Artamas Futures under any spelling.
E3The Jakarta Futures Exchange cancelled the firm’s exchange membership SPAB-086/BBJ/09/04 by letter PKB-001/BBJ/08-2020, effective 4 August 2020, as a follow up to Head of BAPPEBTI Decision No. 05 of 2020 revoking its futures broker licence. The exchange told clients to monitor the status of their open positions and accounts.
E4In case No. 103/Pdt.Sus-PKPU/2017/PN.Jkt.Pst at the Jakarta Commercial Court, three named clients petitioned against PT Arta Mas Futures because it would not release their investment funds: Rp 2.48 billion plus USD 78,678, Rp 760.61 million plus USD 150,118, and Rp 30.39 million plus USD 49,874. The company’s lawyer said the margin did not appear in its own records.
E5The live home page presents the firm in the present tense as a futures brokerage serving Indonesian clients, calls commodity trading with it berizin Bappebti meaning BAPPEBTI licensed, says the company’s legality is assured, offers segregated accounts and invites visitors to open an account. No licence number and no regulator verification link appear anywhere.
E6The disclaimer page refers throughout to clients transacting through the company’s internet trading system and to client obligations, with no mention that the BAPPEBTI licence was withdrawn in 2020.
ModerateArta Mas Futures disclaimer pageE7The About Us page carries no company history, no ownership, no licence detail and no management information. It is an empty template page under a heading.
ModerateArta Mas Futures About Us pageE8The domain artamasfutures.com was registered on 16 December 2016 through Bluehost and currently uses Cloudflare nameservers, with the registration renewed to December 2026. The domain is a decade newer than the company, which is consistent with a site built while the firm was still licensed.
E9The company’s official social page lists the same website, the same Grand Slipi Tower address and the same landline that appears on BAPPEBTI’s licensee record, has 222 followers, no reviews, and its most recent visible post dates from July 2017.
ModerateArtamas Futures official pageE10A sweep of review and complaint platforms found no Trustpilot profile for the domain, no forum threads, and only two neutral comments on a third-party broker directory, both about the site being available in Indonesian only. There is no body of independent user reporting in either direction.
E11The identity checks pass cleanly. The legal entity name, licence number 601/BAPPEBTI/SI/I/2005, registered address and telephone number on the website all match BAPPEBTI’s own record of the licensee, so this is the genuine former licensee and not an impersonator using another firm’s credentials.
E12The site has no client login, no deposit or cashier page, no crypto wallet address and no downloadable trading terminal. Contact is by landline, email or a web form. We found no working mechanism through which money is currently being taken online.
The other side
The strongest case in this broker’s favour.
The fairest case for the company, and what we checked before deciding.
- This was a real, properly licensed broker for fifteen years. BAPPEBTI issued licence 601/BAPPEBTI/SI/I/2005 in January 2005 and the Jakarta Futures Exchange admitted it as a member in September 2004. Its claim to have started in 2005 is true. This is not a fake company invented last year.
- It is not a clone. We tested that specifically. The legal entity, licence number, registered address and telephone number on the website match BAPPEBTI’s own record of the licensee exactly. Nobody is wearing another firm’s credentials here. A third party listing labels the operation a suspicious clone, and on the evidence we gathered that label is wrong.
- It is transparent about who it is. The site names the legal entity, gives a real Jakarta office address that matches the regulator’s record, a landline and a company email. Many genuine scams hide all of that.
- We found no live deposit machinery. There is no client login, no cashier, no crypto wallet, no downloadable trading terminal and no online account form. The site is thin and largely dormant, and the company’s social page has not posted since 2017. It is possible this is an abandoned website that nobody took down rather than an active trap.
- The court case was contested and old. The 2017 petition was a debt restructuring application, not a fraud conviction, and the company disputed it. We found no reported outcome.
- No regulator has named the website. We checked for warning notices naming artamasfutures.com and found none. The revocation is a licensing action, not a fraud finding.
None of this survives the central fact. A firm that presents itself in the present tense as a licensed Indonesian futures broker, six years after the national regulator revoked that licence, is making a false statement about the one thing that protects a client’s money.
What would change this
What we would need to see to revise the verdict.
Concrete things that would move this verdict in either direction.
- Towards safe: BAPPEBTI listing PT. Arta Mas Futures on its register of currently licensed futures brokers, with a live licence number, and the Jakarta Futures Exchange restoring its membership.
- Towards safe: the website being corrected so it plainly states the licence was revoked in 2020 and that the company no longer accepts trading clients, or the site being taken down.
- Towards safe: public evidence that the 2017 client claims were paid in full and that all client balances were returned when the licence was withdrawn.
- Towards worse: any credible, dated report of someone depositing money with this operation after August 2020, especially through a personal or crypto account.
- Towards worse: a BAPPEBTI or Indonesian ministry notice naming artamasfutures.com as an illegal trading site.
- Towards worse: a working client login, cashier or trading terminal appearing on the domain.
- Towards worse: the same people or the same office reappearing behind a new brand still soliciting futures clients.
Check it yourself
Official registers and warning lists. Verify every claim first-hand.
BAPPEBTI register of futures brokers whose licence has been withdrawn
The regulator’s own list. Arta Mas Futures appears here with licence 601/BAPPEBTI/SI/I/2005.
BAPPEBTI register of currently licensed futures brokers
The list of firms allowed to take Indonesian futures clients today. Arta Mas Futures is not on it.
Arta Mas Futures website
The company’s own site, which still presents it as an operating licensed brokerage.
Frequently asked questions
Quick answers about this broker’s safety.
Is Arta Mas Futures a scam?
We rate it a likely scam. The company held a genuine Indonesian futures broker licence from 2005, but BAPPEBTI revoked that licence in 2020 and the Jakarta Futures Exchange removed its membership. The website still describes the firm as a licensed, operating brokerage, which is false.
Is Arta Mas Futures regulated by BAPPEBTI?
No, not any more. BAPPEBTI lists PT. Arta Mas Futures on its public register of futures brokers whose licence has been withdrawn, under licence number 601/BAPPEBTI/SI/I/2005. It does not appear on the register of currently licensed brokers.
When was the licence revoked?
In 2020, under Head of BAPPEBTI Decision No. 05 of 2020. The Jakarta Futures Exchange followed with letter PKB-001/BBJ/08-2020, cancelling the firm’s exchange membership with effect from 4 August 2020.
Can I withdraw my money from Arta Mas Futures?
We cannot promise that you can. Three clients went to the Jakarta Commercial Court in 2017 precisely because the company would not release their funds. With the licence revoked there is no supervised process protecting a withdrawal today.
Is my money safe with Arta Mas Futures?
No. The site advertises a segregated client account, but segregation is part of the licensed regime the company no longer belongs to. Without a live BAPPEBTI licence there is no regulator supervising where client money sits.
Who owns Arta Mas Futures?
The operating company is PT. Arta Mas Futures, formerly named PT. Bimasakti Berjangka, registered at Grand Slipi Tower Lt. 19 Unit 19i, Jl. Letjen. S. Parman, Palmerah, Jakarta Barat. We could not open an Indonesian company registry entry to confirm the shareholders or directors.
How old is the company?
It was admitted to the Jakarta Futures Exchange in September 2004 and licensed in January 2005, so the business itself is around twenty years old. The website domain was registered in December 2016. Because we could not date the incorporation in a company registry, treat any age figure as an upper bound.
Is Arta Mas Futures a clone of another broker?
No. We checked the legal entity, licence number, address and phone number on the website against BAPPEBTI’s own record of the licensee and they match. This is the real former licensee, not an impersonator. A third party listing calls it a suspicious clone, and on our evidence that label is not correct.
What is a BAPPEBTI licence worth?
BAPPEBTI is Indonesia’s statutory commodity futures regulator, part of the Ministry of Trade. A live BAPPEBTI licence is real regulation with client fund segregation and a complaints route. A revoked one is worth nothing, and advertising it after revocation is a serious misstatement.
The website is still online. Does that mean the company is still licensed?
No. A live website proves nothing about a licence. Registers are updated by regulators, not by broker marketing pages. Always check the regulator’s register directly rather than trusting a badge or a sentence on the broker’s site.
What should I do if I lost money with Arta Mas Futures?
Gather your transfer receipts, statements and any written communication. File a complaint with BAPPEBTI. Indonesian clients can also take the matter to the district court or to arbitration through BAKTI. Do not pay anyone who promises to recover your funds for an upfront fee.
What should I check before depositing with any Indonesian futures broker?
Search the broker’s exact legal name on the BAPPEBTI register of licensed futures brokers, then check the withdrawn licence list for the same name. Confirm the licence number and the registered address match the website. If the broker publishes no licence number at all, treat that as a warning.
What we recommend
The practical takeaway from everything above.
Our advice to anyone considering this firm, and to anyone already exposed.
- Do not send money. The BAPPEBTI licence this company advertises was revoked. If you deposit funds you are dealing with an unlicensed operator and you have no regulated protection.
- Check it yourself in two minutes. Open BAPPEBTI’s list of licensed futures brokers and search for the name. Then open the list of brokers whose licence has been withdrawn. Arta Mas Futures is on the second list, not the first.
- Treat the segregated account claim as unproven. Segregated client accounts in Indonesia exist under the licensing regime. Without a licence there is nothing behind that promise.
- If you already have money with them, put your demand in writing, keep every transfer receipt and statement, and file a complaint with BAPPEBTI. Indonesian clients can also pursue the district court or arbitration through BAKTI, the Indonesian commodity futures arbitration board.
- Ignore anyone who offers to recover your funds for an upfront fee. That is a second scam aimed at people who lost money in the first one.
- For our own records, the broker profile should be corrected: the BAPPEBTI licence must be shown as revoked, not current.
This is an independent assessment of risk, not a legal ruling. Scores and verdicts follow the Wikilix broker-safety methodology and can change as new evidence appears. Review scores are treated with caution when a broker’s reviews look manipulated. Last reviewed August 23, 2026. If any detail here is out of date or incorrect, or you represent this broker, please contact us.