FNG Exclusive… FNG has learned that Singapore based online brokerage firm Doo Group has expanded to yet another country, acquiring PT Prima Tangguharta Futures, a small MT5-based Indonesia based broker. Prima Tangguharta Futures, operating out of Jakarta, was established in 2004 and provides trading in foreign exchange derivative contracts, stock indices, commodities and other derivative contracts (i.e. CFDs) online.
The acquisition comes with a license issued by Indonesia’s financial regulator Badan Pengawas Perdagangan Berjangka Komoditi (BAPPEBTI). Doo Group is in process of renaming the regulated entity to PT Doo Financial Futures, with the current website ptf.co.id set to change to id.doofinancial.com, once final approvals are received.
The move comes after Doo Group recently added a CySEC license, to serve the EU CFDs retail trading market. Earlier this year Doo Group expanded its Singapore business with an MAS-CMS license, and obtained a Type 1 license in Hong Kong.
About Doo Group
Founded in 2014 and headquartered in Singapore, Doo Group operates licensed subsidiaries in several locales including the USA, UK, Cyprus, Singapore, Australia, and Hong Kong, as well as offshore entities in Labuan, Seychelles, Mauritius, and Vanuatu. The company operates several different online trading brands including Doo Prime, Doo Clearing, and Doo Financial. Doo Group is controlled by Chinese national Junjie Chen.
