Wikilix
Licence record

TrueFriend: FSA licence recorded for TrueFriend

Issuing authority
Financial Services Authority
Jurisdiction
Indonesia
Licence type
Dealing in securities

This is Wikilix's record of a licence issued by Financial Services Authority. It sets out what the register says, what we checked, and what the authority's own rules protect.

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Licence intelligence

RecordModified Jul 27, 2026

Licence Verification Record

Financial Services Authority No number on the register

Recorded from the firm's own disclosure. Not yet checked against the register.

Holder
KOREA INVESTMENT & SECURITIES CO. LTD
Issuing authority
Financial Services Authority
Jurisdiction
Indonesia
Licence type
Dealing in securities

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

wikilix.com/brokers/truefriend/licenses/financial-services-authority/licence-3237Fields on file 1 / 11

Open TrueFriendAll TrueFriend licencesAbout FSA
Our check

What we checked

Nobody has adjudicated this licence yet. It is recorded here as claimed, not as confirmed.

Wikilix check
Not checked
Authority strength
Tier 3
Jurisdiction
Indonesia
Last checked
Never

Nobody at Wikilix has looked this licence up on the official register yet. Everything above comes from the record as supplied; treat it as a claim until you have checked it yourself.

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 type (Wikilix classification)
Dealing in securities
The authority

About FSA

Financial Services Authority is the authority that issued this licence, and the jurisdiction it applies in is Indonesia.

Full name
Financial Services Authority
Jurisdiction
Indonesia
Strength
Tier 3Lighter-touch supervision; protections vary and are often limited.
Established
2012
Oversight
A government or statutory body
Firms we track under it
5 firms
Licences it issues
International business company; international bank; trust & insurance; mutual fund; registered agent; forex dealer
Typical cost of a licence
USD 35k–80k plus capital; IBC
Public register
Searchable by the public
Transparency
Medium

FSA 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

FSA's own rules for the firms it authorises.

  • No compensation scheme
  • Client money kept separate
  • Complaints routeFSA complaints & Financial Services Ombudsman
  • Maximum leverage1:500
This describes the authority's regime, not how TrueFriend applies it.
The holder

Who holds this licence

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

Broker
KOREA INVESTMENT & SECURITIES CO. LTD
Based in
South Korea
Wikilix score
61.2the firm’s overall score, not a rating of this licence

Recorded companies

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

  • KOREA INVESTMENT & SECURITIES CO., LTD.South Korea · Reg. 110111-0168769
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
Never — nobody has looked this entry up yet
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 TrueFriend holds

6 other licences are on record for TrueFriend.

Frequently Asked Questions

Questions about this licence

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

Most Popular Questions
TrueFriend provides customer support in English with live chat available during business hours. Clients can also contact support via phone at +82 1588-1251 or email at truefriend@koreainvestment.com. The broker's support is based in South Korea.
TrueFriend offers a maximum leverage of 1 for trading. This is relatively low compared to some other brokers, reflecting a conservative approach to leverage.
Yes, TrueFriend charges a deposit usage fee on client funds held in their accounts. The fee is 1% for deposits over 500,000 KRW and 0.1% for deposits under 500,000 KRW, calculated on the average daily balance. This fee applies to funds held in the account, not to individual transactions.
TrueFriend supports deposits and withdrawals via bank transfer. Clients must use their registered bank accounts, as transfers from third-party accounts may be rejected. The minimum deposit and withdrawal amounts are 100,000 KRW, and there are no fees for deposits or withdrawals via bank transfer.
TrueFriend, operated by KOREA INVESTMENT & SECURITIES CO. LTD, is regulated by multiple onshore authorities including South Korea's Financial Supervisory Service (FSS). It follows strict fund segregation rules but does not have mandatory client fund insurance. The broker is prohibited from serving clients in countries such as the USA, North Korea, and Iran.
TrueFriend holds this FSA licence. A licence on record means the authority published an entry; it is not an endorsement.
Nobody at Wikilix has looked this entry up on the FSA register yet, so treat it as claimed rather than confirmed. That is a gap in our coverage, not a finding against the licence.
Wikilix rates FSA tier 3. Supervision is lighter-touch and client protections vary.
Yes, FSA 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.
TrueFriend has 6 other licences on record with Wikilix, across 5 jurisdictions. They are listed further down this page.
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