Purpose

The Indonesia forex market is an emerging foreign exchange market that has developed in recent years. With the continuous development of Indonesia's economy, the importance of foreign exchange trading in the financial sector has become increasingly prominent. In order to help investors or practitioners gain a more comprehensive understanding of forex brokers in this region, the on-site inspection team traveled to Indonesia for a field visit.

Process

The on-site inspection team visited the forex broker Blue Sea Investment in Indonesia as planned. According to public information, its office address is 330World Trade Center I, 14th Floors, Jl. Jenderal Sudirman No.Kav. 29 – 31, RT.8/RW.3, Kuningan, Karet Kuningan, Kecamatan Setiabudi, Kota Jakarta Selatan, Daerah Khusus Ibukota Jakarta 12920, Indonesia.

A professional and experienced on-site verification team, driven by a sense of mission to rigorously vet for investors, proceeded to the target area in Indonesia according to a meticulously planned schedule. They conducted an on-site verification of the broker Blue Sea Investment, which claims to be located at the aforementioned address.

The verification personn arrived at 330 World Trade Center I, which is  situated in the downtown area of Indonesia, surrounded by a bustling environment and a strong commercial atmosphere. However, no company signage or relevant information about Blue Sea Investment was found on the exterior of the building.

The verification personnel entered the building lobby and, after stating their purpose to the security guard, obtained permission to enter.

While proceeding to the target floor, the verification personnel discovered that the directory board inside the building contained no information for Blue Sea Investment, nor did they see the company's LOGO.

The verification personnel went to the reception area to inquire, and the receptionist informed them that this company does not have an office there. As the specific location of the company could not be confirmed, the verification personnel were unable to enter the interior and could not photograph Blue Sea Investment's reception area. The office area was not a shared workspace.

Due to the inability to enter, through the lobby area, the verification personnel could not observe the company's internal environment, style of decoration, or employee activities.

Therefore, after verification, it was confirmed that the broker Blue Sea Investment does not exist at the aforementioned address.

Conclusion

The on-site inspection team visited the forex broker Blue Sea Investment in Indonesia as planned. At the public business address, they were unable to see information such as the company name of the broker, indicating that the broker does not have a genuine business premises. Investors are advised to make their choice after comprehensive consideration.

Disclaimer

The above content and opinions are for reference only and should not be used as the sole basis for making a final choice.