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Inspection Reason
Recently, there are 29 complaints from investors against PTFX, an Indonesian broker with its official website closed. I knew that visiting PTFX in the capital of Indonesia wasn’t going to be easy, but my trip turned out to be even more adventurous than I expected.
I came to the office building early on April 8. A security staff checked the inside of my car and the trunk before letting me enter the building. Then, there was another security check like those in the subway. I told the reception lady that I came here for PTFX, and she asked me to wait there while she made a call. After she hung up, the receptionist refused my request.
Office
I tried to find out what the problem was and why I wasn’t allowed to visit PTFX, but the receptionist simply turned me down without any explanation. Eventually I concluded that I’ve reached a dead end, and had to come up with some other ideas if I wanted to fulfill my task.
First I tried to take the cargo lift, but was stopped by another security staff, who told me to register at the reception first.
So I had to return to where I’ve started, and began wandering around the building in search of an alternative path. But pretty soon I realized that the security was looking at me suspiciously, so I decided I should perhaps just call it a day. Back to the hotel, I sketched a layout of the building and thought hard for a feasible plan. I figured that pretending the staff of another company at the same level is unlikely to fool the receptionist. Therefore I decided to bypass the reception by going from the underground parking.
I was right. No one stopped me at the underground parking and I took the elevator to the level where PTFX was located. However, my little victory didn’t last for 1 minute——as soon as I was out of the elevator, two PTFX staffs popped up and questioned in a very unfriendly manner that why I was there.
Though I didn’t feel like quitting, I did feel very nervous, even scared, especially when they forced me to leave and threatened to call the securities. Not wanting to get into any serious trouble, I had no choice but to go downstairs.
I felt that I was just one step away from victory and there’s no way to give up, so I waited for a chance. At around 7PM, it was getting dark. I thought perhaps the staffs had pretty much all gone, and set out once again. But I was unlucky enough to bump right into two PTFX staffs who were just off work. Seeing they were different from the two staffs I saw the morning, I pulled up my old excuse and pretended to be looking around for some other company. But these two guys kept following me. I was so nervous that my legs were getting shaky and it seemed hard to mind where I was actually going.
Much to my delight, I found a Chinese company, COOEC. After circling half of the level, I rushed into their office and had a 10-20 minutes talk with them for escaping from the PTFX guys’ sight. Finally, I reluctantly decided to leave as the two PTFX staff were still there.
But I just wasn’t about to give up though it was a tough work! Thus I stuck around and carefully watched until I was quite sure that the building was empty and the staff all gone.
Featured Photos
At around 9AM, I decided to give one last shot, and finally managed to walk to the front door of PTFX’s office for a closer look.
Looking through the glass doors, the office with around 100m2 area was divided into two halves. The working area on the left had just a dozen of seats, while the right side was simply a wall decorated with dubious certifications.
It seems that the company’s actual size and competitiveness doesn’t match its own descriptions, which gave me some ideas of what the company is really like (and perhaps why the staff tried to stop me from approaching the company office by all means).
The next morning, I visited Indonesia’s Financial Services Authority OJK to find out more about PTFX’s regulatory status. This is a governmental regulator of the country’s financial service industry that has both administrative departments and general public consultations area.
When I told the official at the administrative section that I came to survey PTFX as the representative of WikiFX, a Forex search platform, he agreed that China’s finance and Forex sector are booming in recent years, and he’d love to see more Chinese firms make investment or apply for regulation in Indonesia. A staff then gave me a registration receipt and redirected me to the public consultation section.
The staff at the public consultation section gave me a warm welcome, and told me that PTFX was not in regulation, which further supported my previous findings at the company.
Conclusion
The inspection team confirmed the existence of the office of PTFX in Indonesia after the site visit. But it is an illegal platform without any license.Investors are advised to resort to their good judgement after consulting the said above.
Website:http://www.pruton-futures.com/id/
Website:http://www.pruton-futures.com/id/
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