Note! Trading Robots Turns Out Not Regulated By OJK, Some Have Even Been Blocked

Illustrations (Photo: OJK doc.)

JAKARTA - The chairman of the Investment Alert Task Force (SWI) Tongam L. Tobing explained that essentially the presence of an adviser robot (trading robot) is intended to help companies or investment managers to guide customers in carrying out official financial transactions.

"So it's not really for trading, but helping customers to trade in trade," he said through a virtual channel on Monday, February 21.

According to Tongam, in its development the adviser robot has now been misused. In fact, some of them caused unrest in the community.

“Well, our problem now is that trading robots are used for fraud. The characteristic is that these illegal brokers always promise fixed profits, even when prices fall they still promise profits,” he said.

In order to minimize the negative impact on the public, SWI took the initiative to freeze trading activities through the trading robot.

“We have blocked this, if I'm not mistaken there are 19. It should be remembered that trading robots are not regulated in OJK regulations. We need to reorganize this homework," he said.

For information, the issue of trading robots has emerged along with the increasingly disturbing development of illegal binary options financial activities such as Binomo. The development of technology is the reason why illegal investment activities are mushrooming and transforming through various ways and modes.

The government itself and the DPR are known to be discussing a draft law on financial reform which is expected to become a legal umbrella for the development of digitalization in the financial sector.