Batas Pertanggungjawaban Pialang Berjangka atas Kerugian Investor Robot Trading
DOI:
https://doi.org/10.47200/awtjhpsa.v6i1.3895Keywords:
Brokerage Firm, Legal Liability, Client Losses, Trading Robot, Consumer ProtectionAbstract
Technology-based investment through online trading robots poses risks of financial losses for clients due to system malfunctions and brokerage negligence. This study aims to analyze the legal liability of brokerage firms for investor losses resulting from the cessation of online trading robot operations. Employing normative legal research with statutory and case approaches, primary and secondary legal materials were analyzed qualitatively using a descriptive-analytical method. The findings indicate that the legal liability of brokerage firms arises from breach of contract (wanprestasi) or unlawful acts (onrechtmatige daad) when negligence, system default, or failure to fulfill fiduciary duties to the detriment of clients is proven. The study recommends establishing explicit technical regulations concerning algorithm reliability standards and system risk mitigation mechanisms to ensure legal certainty and consumer protection.
Downloads
References
Al Amin, M. N., Abdullah, A., Santoso, F. S., Muthmainnah, M., & Sembodo, C. (2023). Metode Interpretasi Hukum Aplikasi Dalam Hukum Keluarga Islam Dan Ekonomi Syariah. Asas Wa Tandhim: Jurnal Hukum, Pendidikan Dan Sosial Keagamaan, 2(1), 15–36. https://doi.org/10.47200/ AWTJHPSA.V2I1.1347
Armansyah, Muhammad Hafizhan, dan Adlin Budhiawan. (2024). “Element of Loss in Qualifying an Act as an Unlawful Act.” Journal Equity of Law and Governance, 4(2), 244–251. https://doi.org/10.22225/elg.4.2.10067.244-251
Asmara, H. M. Galang, dkk. (2025). Hukum Administrasi Negara. Depok: Rajawali Pers.
Azmi, Muhammad Chairul. (2026). “Perlindungan Hukum Investor Islamic Coin (ISLM) dalam Perspektif Hukum Keuangan Syariah dan Regulasi Aset Kripto Bappebti di Indonesia.” Indonesia of Journal Business Law, 5(1), 86–98. https://doi.org/10.47709/ijbl.v5i1.7614
Badan Pengawas Perdagangan Berjangka Komoditi (Bappebti). (2022). Pengawasan Perdagangan Berjangka Komoditi di Indonesia. Siaran Pers Bappebti.
detikFinance. (2022, 6 November). “Sederet Kasus Robot Trading yang Sempat Geger: Fahrenheit hingga Net89.” https://finance.detik.com/fintech/d- 6390658/sederet-kasus-robot-trading-yang-sempat-geger-fahrenheit- hingga-net89
Detiknews. (2022, 23 Februari). “Polisi Buru Bos Robot Trading Viral Blast yang Rugikan Member Rp1,2 Triliun.” https://news.detik.com/berita/d-5955402/ polisi-buru-bos-robot-trading-viral-blast-yang-rugikan- member-rp-1-2-triliun
Dewi Anggraini, M. I. (2022). “Perlindungan Hukum Terhadap Korban Tindak Pidana Investasi Binomo.” Lago: Jurnal Hukum dan Syariah, 5(1), 12–30. https://doi.org/10.31764/lago.v5i1.15708
Fatikhasari, A., & Senjaya, O. (2026). Analisis Yuridis Money Laundry dalam Penyalahgunaan Rekening Masyarakat Lokal oleh Perusahaan Asing Ilegal di Indonesia. Asas Wa Tandhim: Jurnal Hukum, Pendidikan Dan Sosial Keagamaan, 5(2), 587–598. https://doi.org/10.47200/awtjhpsa. v5i2.3460
Hadi, S., Farah, N. T., & Santoso, F. S. (2026). Ibn Asyur, Maqashid Syariah dan Islah Alam: Dekonstruksi Syariah terhadap Lingkungan Hidup dalam Pembangunan Berkelanjutan. Ulumuddin: Jurnal Ilmu-Ilmu Keislaman, 16(2), 357–372. https://doi.org/10.47200/ulumuddin.v16i2.3824
Hadi, S., Farah, N. T., dan Santoso, F. S. (2026). “Ibn Asyur, Maqashid Syariah dan Islah Alam: Dekonstruksi Syariah terhadap Lingkungan Hidup dalam Pembangunan Berkelanjutan.” Ulumuddin: Jurnal Ilmu-Ilmu Keislaman, 16(2), 357–372. https://doi.org/10.47200/ulumuddin.v16i2.3824
Harwanto, E. R. (2021). “Criminal Law Protection Against Illegal Investment Entities in Indonesia.” Journal of Law, Policy and Globalization, 115, 1–8. https://doi.org/10.7176/JLPG/115-01
Hasibuan, Nazlyany, Azwani Lubis, dan Heri Firmansyah. (2019). “Kesadaran Hukum Penggunaan Kosmetika Halal di Kalangan Mahasiswi Fakultas Syariah dan Hukum UIN Sumatera Utara.” Al-Usrah: Jurnal Al-Ahwal As-Syakhsiyah, 7(1).
Heradhyaksa, Bagas. (2022). Buku Ajar Hukum Investasi & Pasar Modal Syariah. Semarang: CV Rafi Sarana Perkasa.
Indradewi, Anak Agung Sagung Ngurah. (2020). Hukum Perlindungan Konsumen. Denpasar: Udayana University Press.
Isretno, Israhadi, dan R. A. Evita. (2020). Hukum Administrasi Negara. Jakarta: Fakultas Hukum Universitas Pancasila.
Kelsen, Hans. (1945). General Theory of Law and State. Cambridge: Harvard University Press.
Kharisma, D. B. (2021). “Urgency of Financial Technology (Fintech) Laws in Indonesia.” International Journal of Law and Management, 63(3), 320–331. https://doi.org/10.1108/IJLMA-08-2020-0233
Lubis, F. H., & Suparmin, A. S. (2025). Implementasi UU No 22 Tahun 2009 Pasal 131 Terkait Pemenuhan Hak Pejalan Kaki di Kota Pematang Siantar dalam Perspektif Siyasah Dusturiyah. Asas Wa Tandhim: Jurnal Hukum, Pendidikan Dan Sosial Keagamaan, 4(2), 375–390. https://doi.org/10.47200/AWTJHPSA.V4I2.3014
Martien, Dhoni. (2025). Hukum Investasi dan Pasar Modal. Pekanbaru: CV Bravo Press Indonesia.
Miru, Ahmadi. (2018). Hukum Kontrak dan Perancangan Kontrak. Jakarta: RajaGrafindo Persada.
Naim, Muh. R., Santoso, F. S., Mursal, & Sanjaya, M. I. (2025). Ekonomi Syariah Sebagai Kajian. Afasa Pustaka.
Novianti, E., Anwar, S., & Sumardi, D. (2025). Pertanggungjawaban Pidana Pencucian Uang Dalam Putusan M.A. Nomor 2029_K/Pid.Sus/ 2023 Perspektif Hukum Pidana Islam. Ulumuddin: Jurnal Ilmu-Ilmu Keislaman, 15(1), 185–212. https://doi.org/10.47200/ULUMUDDIN.V15I1.2802
Panjaitan, Hulman. (2021). Hukum Perlindungan Konsumen. Jakarta: Jala Permata Aksara.
Paparang, Ivana Laura. (2020). “Perlindungan Hukum terhadap Investor/Nasabah yang Mengalami Kerugian dalam Transaksi Trading Forex.” Jurnal Litigasi, 21(2), 147–167. https://doi.org/10.23969/ litigasi.v21i2.3101
Paterson, J. M. (2023). “Making Robo-Advisers Careful? Duties of Care in Providing Automated Financial Advice to Consumers.” Law and Financial Markets Review. https://doi.org/10.1080/17521440.2023.2196027
Prabowo, H. Y. (2023). “When Gullibility Becomes Us: Exploring the Cultural Roots of Indonesians’ Susceptibility to Investment Fraud.” Journal of Financial Crime, 31(1), 14–32. https://doi.org/10.1108/JFC-11-2022-0271
Pramita, Kadek Desy, dan Kadek Diva Hendrayana. (2021). “Perlindungan Hukum Terhadap Investor sebagai Konsumen dalam Investasi Online.” Jurnal Pacta Sunt Servanda, 2(1), 1–8. https://doi.org/10.23887/ jpss.v2i1.449
Rahmi, R., Ilhamni, I., Meirison, M., & Humairoh, R. (2025). The Role of Foreign Harem and Queen In The Fall of The Ottoman Empire: A Siyasah Shar’iyyah Perspective. Ulumuddin: Jurnal Ilmu-Ilmu Keislaman, 15(2), 361–380. https://doi.org/10.47200/ULUMUDDIN.V15I2.2855
Rizkiansyah, A., Najmudin, D., & Azazy, Y. (2025). Analisis Putusan Nomor 1/Pid.Sus/2023/PT Bandung Tentang Affiliator Trading Forex DS Perspektif Hukum Pidana Islam. Ulumuddin: Jurnal Ilmu-Ilmu Keislaman, 15(1), 79–96. https://doi.org/10.47200/ULUMUDDIN.V15I1.2754
Rizkiansyah, A., Najmudin, D., dan Azazy, Y. (2025). “Analisis Putusan Nomor 1/Pid.Sus/2023/PT Bandung tentang Affiliator Trading Forex DS Perspektif Hukum Pidana Islam.” Ulumuddin: Jurnal Ilmu-Ilmu Keislaman, 15(1), 79–96. https://doi.org/10.47200/ULUMUDDIN. V15I1.2754
Santoso, Fattah Setiawan. (2025). “Sistem Pengawasan dan Audit Syariah.” Dalam W. Yuliani (Ed.), Manajemen Bisnis Syariah. Lingkar Edukasi Indonesia.
Sihotang, H., Yetniwati, & Aulia, M. Z. (2026). Tanggung Jawab Direksi Pada Akuisisi Dalam Perspektif Hukum Perusahaan di Indonesia. Nuansa Akademik: Jurnal Pembangunan Masyarakat, 11(1), 111–124. https://doi.org/10.47200/jnajpm.v11i1.3497
Taduri, J. N. A. (2021). “The Legal Certainty and Protection of Foreign Investment Against Investment Practices in Indonesia.” Lex Scientia Law Review, 5(1), 119–138. https://doi.org/10.15294/lesrev.v5i1.46286
Downloads
Published
How to Cite
Issue
Section
License
Copyright (c) 2026 Mutiara Khalishah, Cahaya Permata

This work is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License.





