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Licence record

SagaFX: BAPPEBTI licence 19/BAPPEBTI/SP/04/2011

Issuing authority
Badan Pengawas Perdagangan Berjangka Komodit
Jurisdiction
Indonesia
Last checked
Aug 21, 2026

This is Wikilix's record of a licence issued by Badan Pengawas Perdagangan Berjangka Komodit. It sets out what the register says, what we checked, and what the authority's own rules protect.

WIKILIX

Licence intelligence

RecordModified Sep 4, 2026

Licence Verification Record

Badan Pengawas Perdagangan Berjangka Komodit 19/BAPPEBTI/SP/04/2011

Wikilix read the BAPPEBTI register on Aug 21, 2026. This is what it said.

Holder
PT. SagaFX Sentra Berjangka
Issuing authority
Badan Pengawas Perdagangan Berjangka Komodit
Jurisdiction
Indonesia
Effective
Apr 1, 2011
Register status
Active on the register against the same licence holder.

Checked Aug 21, 2026

A licence record describes what an authority published. It is not an endorsement, and Wikilix does not issue authorisations.

wikilix.com/brokers/sagafx/licenses/badan-pengawas-perdagangan-berjangka-komodit/19-bappebti-sp-04-2011Fields on file 6 / 11

Open SagaFXAll SagaFX licencesAbout BAPPEBTI
Our check
Checked

What we checked

We found this licence on the issuing authority's own register.

Wikilix check
Confirmed on the register
Authority strength
Tier 3
Jurisdiction
Indonesia
Last checked
Aug 21, 2026
Register says
Active on the register against the same licence holder.

Finding

The separate BAPPEBTI approval that permits a licensed Indonesian futures broker to run margined alternative trading system business, which is what retail forex trading in Indonesia sits under. Client protection: Same domestic framework as the business licence: segregated client money at an Indonesian bank, regulator oversight, no compensation fund.. Effective: Apr 2011.

A licence record describes what an authority published. It is not an endorsement, and Wikilix does not issue authorisations.
The register

What the authority publishes

Printed as the register prints it. A field that is missing here is one nobody has recorded, not one the register leaves blank.

Licence number
19/BAPPEBTI/SP/04/2011
Register status
Active on the register against the same licence holder.
Effective from
Expires
No expiry shown
The authority

About BAPPEBTI

Badan Pengawas Perdagangan Berjangka Komodit is the authority that issued this licence, and the jurisdiction it applies in is Indonesia.

Full name
Badan Pengawas Perdagangan Berjangka Komodit
Jurisdiction
Indonesia
Strength
Tier 3Lighter-touch supervision; protections vary and are often limited.
Established
2005
Oversight
A government or statutory body
Firms we track under it
50 firms
Regulates
Forex, Commodity, Futures
Licences it issues
Indonesian regulator licenses domestic futures brokers for local residents only; not suitable for global offshore CFD brokerage.
Typical cost of a licence
At least IDR 50 billion paid-up capital; maintain IDR 40 billion equity
Public register
Searchable by the public
Transparency
Medium

BAPPEBTI is classed as an offshore regime. An offshore registration can be entirely legitimate, but it typically means lower capital requirements, no compensation scheme, and a complaint route that is harder to use from abroad.

Protection

What this licence protects

BAPPEBTI's own rules for the firms it authorises.

  • Compensation schemeIndonesia deposit insurance covers up to IDR 2 billion per depositor
  • Complaints routehotline +62 21 344 1908, email pengaduan@bappebti.go.id
  • Maximum leverage1:100
This describes the authority's regime, not how SagaFX applies it.
The holder

Who holds this licence

The licence above is recorded against SagaFX. A licence is issued to a legal company, so the companies below are what you would search a corporate register for.

Broker
PT. SagaFX Sentra Berjangka
Based in
Indonesia
Wikilix score
17.0the firm’s overall score, not a rating of this licence

Wikilix records SagaFX as having no regulation on file. That is a finding about the firm, not about this licence — the register’s own wording above is what states this entry’s standing.

Recorded companies

None of these matches the name the register printed, so we do not say which one holds this licence.

  • PT. SagaFX Sentra BerjangkaIndonesia
Provenance

Where this record came from

Every date below has already happened. We do not publish a promised next-update date, because we do not schedule per-licence re-checks.

Last checked by Wikilix
Record last edited
When this entry was last changed in our database, which may be a correction rather than a change at the register.
Wikilix records what an authority published. It does not issue or endorse authorisations.
Also on record

Other licences SagaFX holds

One other licence is on record for SagaFX.

Frequently Asked Questions

Questions about this licence

Answered from this register entry and the authority’s own record.

Most Popular Questions

Yes. A live website of its own that publishes a licence number we can tie to a supervisory record, an official registry entry for PT. SagaFX Sentra Berjangka, and disclosed trading and withdrawal terms would each move the assessment materially. Until then it stays high risk and unverified.

Stop sending further money. Request a full withdrawal in writing, keep every statement, transfer receipt and message, and if the request is not honoured escalate to Indonesian consumer-protection and financial-authority complaint channels and to your payment provider, where a chargeback or recall may still be possible depending on how you funded the account.

There is no evidence of any client-money protection. Segregation of client funds and access to a compensation scheme both depend on a supervisory licence, and no licence could be confirmed here. Assume deposits are unprotected.

The brand appears to have been trading for several years, but WIKILIX could not confirm a founding date against either the operator's own publications or a company registry, and the age indications available to us are inconsistent with one another. No established year is therefore recorded.

WIKILIX could not read any country-restriction policy for this operator, because none of the pages that would carry one could be loaded. That means no jurisdiction is recorded as accepted and none as blocked. The absence of a recorded block is not acceptance, and in practical terms there is no live onboarding to accept anyone anywhere.

The channels on record are a Jakarta telephone number, +62 21 31936090, a support email address at support@sagafx.com (note that the domain behind that address is now parked, so delivery is doubtful), and a single social media profile. No live chat and no support portal could be confirmed.

Unknown, and not something WIKILIX would estimate. With no live website and no published withdrawal terms, there is no basis for a processing-time expectation at all, and that absence is itself the material risk.

No deposit or withdrawal channel, fee, limit or processing time could be confirmed, and there is no reachable client area through which to initiate either. Anyone who believes they hold a balance should contact the operator on its published Jakarta telephone number and keep written records of every request.

No platform, server name or download link could be confirmed from a page WIKILIX opened, so none is recorded. Prospective clients should treat any platform claim they encounter elsewhere as unverified until the operator publishes it on a live site of its own.

Not disclosed in any source WIKILIX could read. No maximum leverage is recorded on this profile.

Not disclosed in any source WIKILIX could read. Because the operator's own site is unreachable, no minimum deposit figure is recorded on this profile rather than an unverified number being published.

WIKILIX has not established deliberate fraud, so we do not label it a confirmed scam. What we can say is that it is a high-risk, unverified operator: no confirmable licence, no live website, no published trading terms and no registry-verified company record. That combination is not a safe place to send money, whatever the original intent behind the business.

No. The brand's domain no longer resolves in the public DNS, so no page of it can be loaded by any client. The separate domain that matches the operator's published support email address serves only a parking page advertising the domain for sale. There is no reachable client portal or online account-opening form.

The named operating entity is PT. SagaFX Sentra Berjangka, an Indonesian company associated with an office at Pusat Bisnis Tamrin City, LT.6 No.608 AD, Jl. Thamrin Boulevard, Jakarta Pusat 10230. WIKILIX could not reach an official Indonesian registry record for that entity during this research, so its company number, incorporation date and current standing are unconfirmed.

No licence that WIKILIX could confirm to exist and be in force is attached to this operator. A retail forex permission from Indonesia's commodity futures authority is claimed for the brand, but no licence number, issue date, expiry date or supervisory record supporting it could be established, and the operator itself publishes nothing that verifies it. On the available evidence SagaFX should be treated as unregulated.

Licence 19/BAPPEBTI/SP/04/2011 was issued by Badan Pengawas Perdagangan Berjangka Komodit (BAPPEBTI), the financial authority for Indonesia.
SagaFX holds this BAPPEBTI licence. A licence on record means the authority published an entry; it is not an endorsement.
We located this entry on the BAPPEBTI register. Note that confirming a register ENTRY is not the same as confirming a live licence — the register’s own wording on this page is what states its current standing.
Wikilix rates BAPPEBTI tier 3. Supervision is lighter-touch and client protections vary.
Yes, BAPPEBTI is classed as an offshore regime. That can be a legitimate registration, but it usually means lower capital requirements, no compensation scheme, and a complaint route that is harder to use from abroad.
SagaFX has one other licence on record with Wikilix, across one jurisdiction. They are listed further down this page.
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