Scam Alert: Beware of the Unlicensed Forex Broker SoegeeFX

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  Company history starts in 2011

  SoegeeFX says it is a a brokerage company established in 2000, the leading Indonesia's best forex specialists. However, its domain name (https://soegeefutures.com/) check result shows that it was first created in 2011. So how could it start its business in 2000? It is a red flag here.

  Supervision under Indonesian BAPPEBTI

  As a brokerage entity, SoegeeFX claims to be a member of the Jakarta Futures Exchange and the Indonesian Futures Clearing House (Persero), supervised by BAPPEBTI – Ministry of Trade of Republic of Indonesia.

  We do find a match result to SoegeeFX in BAPPEBTI. But as a forex trader, you must know BAPPEBTI is not a regulatory authority that issues licenses for forex trading or regulates forex activities. The is to say: SoegeeFX is not under valid regulation to offer forex investments by any regulators.
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