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Indonesia
2016 (10 Years)
Last online: No recent activity
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Warning
This company is currently Unproved.
Please be cautious of the potential risks!
License
A Grade License
Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.
B Grade License
Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.
C Grade License
Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.
D Grade License
From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.
Get to know PT Berkat Amrta Akshada
Company Information
Get to know PT Berkat Amrta Akshada
PT Berkat Amrta Akshada, which operated publicly under the brand name FintechFX, was an Indonesian entity that solicited investments from the public, primarily for forex and cryptocurrency trading. The company promoted its services using a multi-level marketing (MLM) structure, promising high, guaranteed returns through a purported AI-powered trading robot. Lacking the required licenses from Indonesian financial authorities, its operations were investigated and subsequently shut down. The Indonesian Investment Alert Task Force officially declared its activities illegal in 2018, identifying it as a fraudulent investment scheme.
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