Trading tournaments in Indonesia

On January 10, 2025, supervisory authority over crypto assets shifted from Bappebti (Commodity Futures Trading Supervisory Body) to OJK (Financial Services Authority). The shift reclassifies crypto from a tradable commodity to a digital financial asset, aligning Indonesian crypto regulation more closely with the broader financial-services framework. PFAK licenses are transitioning under OJK Regulation 27/2024.

FTMO's public jurisdiction policy excludes Indonesian residents. The reasons aren't always disclosed publicly but typically reflect either local regulatory uncertainty about prop-firm legal status or operational decisions about which jurisdictions FTMO chooses to support. Other prop firms may accept Indonesian residents — check each firm's current jurisdiction list.

Tournament prize income from Indonesian platforms is generally reportable as income under Indonesian income-tax law. The exact treatment depends on whether the activity is hobby vs trade and on the platform's withholding behavior. Crypto-asset gains have separate treatment under OJK / Ditjen Pajak rules. Consult an Indonesian tax advisor for amounts above modest thresholds.

Yes — WCTC and the U.S. Investing Championship accept international entrants including Indonesian residents. Tax treatment of foreign-currency prize income falls under Indonesian rules and may require additional reporting. The audited-statement requirements of these championships apply regardless of residency.

KSPM (Kelompok Studi Pasar Modal, Capital Market Study Group) is Indonesia's network of university capital-market study clubs across approximately 50 campuses. The circuit organizes inter-university trading competitions and is the primary feeder system for talent into Indonesian brokers' trader programs. KSPM events are typically paper-trading or low-stakes live contests aimed at students.