Wikilix
Licence record

BAPPEBTI licence 1220/BAPPEBTI/SE/5/2007

Holder
Maxco Futures
Jurisdiction
Indonesia
Last checked
Aug 26, 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 10, 2026

Licence Verification Record

Badan Pengawas Perdagangan Berjangka Komodit 1220/BAPPEBTI/SE/5/2007

Wikilix read the BAPPEBTI register on Aug 26, 2026. This is what it said.

Issuing authority
Badan Pengawas Perdagangan Berjangka Komodit
Jurisdiction
Indonesia
Effective
May 1, 2007
Register status
Active on the regulator's register

Checked Aug 26, 2026

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

wikilix.com/licenses/badan-pengawas-perdagangan-berjangka-komodit/maxco-futures/1220-bappebti-se-5-2007Fields on file 6 / 11

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 26, 2026
Register says
Active on the regulator's register

Finding

Alternative trading system permit, the separate Indonesian approval that allows a licensed futures broker to offer margined retail forex and CFD style products to clients. Client protection: This is the permit that actually covers the retail forex business, so its presence matters. Protection is the same domestic framework as the main licence.. Effective: May 2007.

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
1220/BAPPEBTI/SE/5/2007
Register status
Active on the regulator's register
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 Maxco Futures applies it.
The holder

Who holds this licence

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

Broker
PT Maxco Futures
Based in
Indonesia
Wikilix score
17.0the firm’s overall score, not a rating of this licence

Wikilix records Maxco Futures 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 Maxco FuturesIndonesia
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 Maxco Futures holds

One other licence is on record for Maxco Futures.

Frequently Asked Questions

Questions about this licence

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

Most Popular Questions

No. Not because we have found wrongdoing, but because nothing that matters can currently be checked: no licence, no readable terms, no visible website. Ask the firm for its licence number, the exact licensed legal entity, its client-funds banking arrangements and a working web address, verify each with the issuing authority directly, and only then reconsider. If the firm cannot produce them, walk away.

We found nothing that establishes any protection. Segregated client accounts, a named custodian bank and any compensation or insurance arrangement are all things a broker states on its own site and a regulator confirms on its register, and neither was available to us here. Assume no verified protection until the firm proves otherwise.

We could not verify a founding date. No About or company page was reachable and no corporate record was obtainable, so this profile carries no established year. Any age claim for this brand should be checked against an official registry entry before you rely on it.

Two contact points are published: the telephone number +62 21 720-1018 and the email address cs@maxcofutures.co.id. The office address given is Panin Bank Centre, Ground Floor, Jalan Jenderal Sudirman Kav-1, Senayan, Jakarta Selatan 10270, Indonesia. We found no live chat, no support portal and no official social media accounts we could confirm.

We could not determine this. The restricted-jurisdictions clause, the terms and conditions, the risk disclosure, the help pages and the signup form's own country list all sit on the website that did not respond, so this profile records no accepted and no blocked country. The absence of a recorded restriction is not evidence that your country is accepted.

Not disclosed to us. We have no list of funding channels, no fee schedule, no processing times and no minimum or maximum limits, because the funding pages were unreachable. Withdrawal terms are the single most important thing to test with a small first deposit at any broker whose conditions you cannot read in advance, and here they are entirely unread.

We could not establish this. No platform information was available from the sources we are permitted to use, so no platform is recorded on the profile, including MetaTrader 4, MetaTrader 5 and cTrader. Do not assume a platform is supported because it is common in the industry.

Unknown. No trading conditions page was reachable, so this profile carries no maximum leverage, no spread type, no average spread, no commission structure and no execution model. Any figure quoted for this broker elsewhere is not something WIKILIX has verified.

Not disclosed to us. The broker publishes no account or pricing page we could reach, so we have no minimum deposit figure. Ask the firm in writing and get the answer confirmed in its client agreement before you transfer anything.

We have no evidence that it is, and no evidence that it is not. There is nothing in what we could reach that shows fraud, a cloned licence, a fabricated authority or a fake address, and the firm publishes an ordinary Jakarta landline and a named company at a real commercial building. What is missing is any confirmable regulation and any working website. That combination means the risk cannot be assessed, which is a different thing from a scam finding and should be treated as a reason to wait rather than a reason to deposit.

Because the broker's own website did not respond. Every address it publishes, on both the www and apex hosts and over both http and https, either returned an empty document or a server refusal, on every path and language prefix we tried. WIKILIX only publishes facts read off a page during the review, so rather than fill the gaps with plausible figures we have left them empty. Trading conditions, account types, platforms, funding methods and country restrictions are all missing for that reason alone.

The operating company is named as PT Maxco Futures, an Indonesian company. The address published for it is Panin Bank Centre, Ground Floor, Jalan Jenderal Sudirman Kav-1, Senayan, Jakarta Selatan 10270, Indonesia. We were not able to confirm the company in an official Indonesian corporate record during this review, so its registration number, incorporation date and current status are not published on this profile.

We could not verify any licence for Maxco Futures during this review. The company's own website did not serve any page to us, so we were unable to read a regulation page, a licence number or the name of a licensed entity from the operator. No licence certificate was obtainable from any other source we are permitted to rely on. WIKILIX therefore records no licence for this broker. Read that as unverified rather than as proven unlicensed, and treat the absence of confirmable supervision as a serious risk until the firm supplies a licence number you can check with the issuing authority yourself.

Licence 1220/BAPPEBTI/SE/5/2007 was issued by Badan Pengawas Perdagangan Berjangka Komodit (BAPPEBTI), the financial authority for Indonesia.
Maxco Futures 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.
Maxco Futures has one other licence on record with Wikilix, across one jurisdiction. They are listed further down this page.
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