Jakarta, CNBC Indonesia – Victims of binary options platforms or binary options provided by Binomo and the like must be prepared in the worst case scenario their money evaporates.
The reason is that CoFTRA ensures that it will not facilitate mediation efforts between the victims and the platform provider.
CoFTRA’s statement that it will not mediate was revealed through CoFTRA’s official Instagram upload. Plt.Head of CoFTRA, Indrasari Wisni Wardhana, said binary options are activities that are prohibited according to the PBK Law no. 10 of 2011.
CoFTRA has blocked 1,222 domains of unlicensed investment entities throughout 2021. “Of this number, 92 of them are binary options,” said Wisnu as quoted by CNBC Indonesia.
This means that the currently available binary option applications do not have legality in Indonesia. So, if there is a dispute between the customer and the provider, CoFTRA cannot help.
“CoFTRA as the regulator in the field of futures trading cannot facilitate customers in the context of mediation,” said Wisnu.
So, it’s time for people to be smarter. Do not be easily tempted by investments that promise high returns. Every investment has risks. Don’t forget to check the legality of business actors in the futures market sector, one of which can be checked through www.bappebti.go.id.
Just so you know, binary options are gambling activities under the guise of trading. Binary options only guess the price of financial instruments such as forex, crypto or stock indices.
If the guess is correct, the customer will get a profit of less than 100%. But, the money will be lost completely if the guess is wrong,
“Binary options are very large with options in commodity futures trading. This option has a basis or an underlying. Meanwhile, every futures trading contract has an underlying so that the price that occurs still has a reference,” explained Wisnu.
(dhf / dhf)
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