Alerts! Not Just Sunton Capital, Here’s a List of 111 ‘Stupid’ Forex

Jakarta, CNBC Indonesia – universe trading foreign exchange (forex) alias forex (foreign exchange) was in an uproar after a number of social media users posted about the number of customers who suffered losses due to the alleged fraudulent investment of forex broker Sunton Capital (SuntonFX).

The chairman of the Financial Services Authority (OJK) Investment Alert Task Force, Tongam L. Tobing, emphasized that SuntonFX is a forex broker that is not registered in Indonesia.

“Sunton Capital does not have a license in Indonesia,” he told CNBC Indonesia yesterday.

Sunton Capital is said to be luring a fairly large profit, in the range of 5% to 20%. Sunton Capital is also considered to have entered the money game and ponzi categories.

Photo: Twitter @anandasukarlan, accessed 18 October 2021
Twitter @anandasukarlan, accessed 18 October 2021

“So sorry for the victims… Next time we have to know the difference between money games, fake investments and real software or robots. If it’s real, the profit can’t be that big and it’s not always profitable,” tweeted musician and pianist Ananda Sukarlan, quoted by CNBC Indonesia. in his Twitter account, Tuesday (19/10/2021).

He said, on October 14, 2021, at 21:27 when the trade took place, SuntonFX made a margin call in which the chart was totally manipulated.

A margin call is a warning system indicating that the trading account funds are insufficient to open a trading position. “Well, when that happens, usually the next stage of the broker runs away and all services cannot be accessed,” Ananda tweeted.

Based on the information circulating, Sunton Capital is a foreign forex broker originating from the UK. SuntonFX’s way of working is similar to a broker in general. Prior to trading, customers are required to make a minimum deposit of US$ 50.

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Furthermore, the investment manager will direct the customer to make a buy or sell transaction based on the specified time. However, now, the broker is in trouble and many customers in Indonesia are at a loss.

Meanwhile, based on the findings of the Investment Alert Task Force as of October 2021, there are 111 illegal investment entities whose business activities in commodity futures trading have been discontinued. From the list, for example, there are the names Binomo, Octa FX, Roboforex Indonesia.

The following is a complete list of 111 fraudulent forex entities that were stopped by the Task Force:

NEXT: Check the list on the next page

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