[rank_math_breadcrumb]

Best Forex Brokers In Indonesia

by

id

Indonesia’s forex trading scene is booming, and you’re ready to join the action. But with a sea of brokers out there, choosing the right one is crucial. This guide unveils the Best Forex Brokers in Indonesia for 2024, tailored to your trading needs.

Whether you’re a seasoned pro or a curious beginner, we’ll equip you with the knowledge to select a reliable, trustworthy, and feature-rich broker. Discover brokers with tight spreads, advanced platforms, and exceptional educational resources – all perfectly suited for the Indonesian market.

Best Forex Brokers In Indonesia

Forex Trading In Indonesia

Forex trading in Indonesia has seen a significant increase in popularity over the past few years, driven by the rise of online trading platforms and growing financial literacy among the population. As the largest economy in Southeast Asia, Indonesia offers a dynamic and promising market for forex traders. Many Indonesian traders are attracted to the potential for high returns and the 24-hour accessibility of the forex market. Regulatory bodies like BAPPEBTI (Commodity Futures Trading Regulatory Agency) have been working diligently to ensure a safe trading environment, which has further fueled interest in forex trading. With the right education and risk management strategies, forex trading in Indonesia can be a lucrative endeavor for both novice and experienced traders.

Best Forex Brokers In Indonesia

IG US has changed its name to tastyfx. IG, established in 1974, is one of the oldest and most prominent forex brokers in the industry. With a global presence and a market cap of over…

Regulation

CFTC registered, member of NFA.

Established

1974

Headquarters

United States

Min Deposits

USD 250

Leverage

1:100

Platform

MetaTrader4 and ProRealTime

More Details

Pros

Tight spreads
$0 commissions
Daily US dollar news
24-hour trade support
Fast and transparent execution
Quick Submit trading mode
80+ forex pairs

Cons

Inactivity fee
Islamic account only available

Website

tastyfx.com

Address

1330 W Fulton, Suite 610 Chicago, IL 60607

Trade Nation

Trade Nation was founded in 2014 and is regulated by top-tier financial authorities: In the United Kingdom, Trade Nation is regulated by the Financial Conduct Authority (FCA), in Australia by the Australian Securities and Investment…

Regulation

FCA, FSA Seychelles, ASIC, FSCA, SCB

Established

2014

Headquarters

United Kingdom

Min Deposits

USD 0

Leverage

1:200

Platform

MT4, TradingView and TN Trader

More Details

Pros

Tight, fixed spreads
Minimal slippage
35 majors and minors pairs
Multi regulated
Cashback rewards available
Good customer support
Free deposit and withdrawal
No minimum deposit prescribed

Cons

Limited trading platform
No account tiers
No US clients accepted

Website

tradenation.com

Address

14 Bonhill Street, London, EC2A 4BX, United Kingdom

Pepperstone

Regulation

FCA, BaFin, ASIC, DFSA, CMA, SCB, CySEC

Established

2010

Headquarters

Australia

Min Deposits

USD 200

Leverage

1:2000

Platform

MT5, cTrader, MT4, TradingView

More Details

Pros

Fast order execution
24/7 customer service
VPS hosting
Fast and reliable
No dealing desk execution
No minimum account

Cons

No US client accepted
Limited market analysis

Website

pepperstone.com

Address

Level 16, Tower One, 727 Collins Street Melbourne, VIC Australia 3008

Headquartered in Australia, TMGM – officially known as Trademax Global Markets – is a forex broker that offers high leverage trading in popular forex pairs and CFDs based on commodities, stock indices, and a very…

Regulation

ASIC, VFSC, FMA and FSC Mauritius

Established

2013

Headquarters

Australian

Min Deposits

USD 100

Leverage

1:1000

Platform

MT4 , MT5, TMGM App

More Details

Pros

0.0 Pips Spreads From
< 30 Ms Execution Speed
12,000+ Trading Instruments
100% Segregated Client Funds

Cons

High inactivity fee
Limited educational materials

Website

tmgm.com

Address

Level 28, One International Tower 100 Barangaroo Avenue, 2000 Sydney NSW Australia

Trading 212

Regulation

FCA, ASIC, FSC Bulgaria, FSCM and CySEC

Established

2003

Headquarters

United Kingdom

Min Deposits

USD 0

Leverage

1:3000

Platform

Proprietary

More Details

Pros

Commission-free investing
Very solid licensing
24/7 support
Generally low fees

Cons

No Islamic Accounts

Website

trading212.com

Address

Aldermary House, 10-15 Queen Street, London, EC4N 1TX

ActivTrades

Regulation

FCA, SCB, BACEN & CVM and CMVM

Established

2001

Headquarters

United Kingdom

Min Deposits

USD 0

Leverage

1:200

Platform

MT5, MT4, TradingView, ActivTrader

More Details

Pros

No Requotes
Ultra-Fast Execution
No Hidden Fees
Spreads from 0.5 pips

Cons

No US Traders
Wide spreads in crypto pairs
Inactivity fee

Website

activtrades.com

Address

The Loom 2.5, 14 Gower’s Walk, London, E1 8PY

IC Markets

★ 4.9 Rating

Regulation

CySEC, ASIC, FSA-Seychelles, SCB

Established

2007

Headquarters

Australia

Min Deposits

USD 100

Leverage

1:500

Platform

MT4, MT5, cTrader, TradingView

More Details

Pros

Spreads from 0.0 pips
Fast Order Execution
Superior Technology
Wide range of assets
Great platform choice

Cons

Limited market analysis
High minimum deposit

Website

icmarkets.com

Address

Eden Plaza, Office 222, Eden Island, Mahe, Seychelles

FxOpen

★ 3.8 Rating

Regulation

ASIC, FCA

Established

2005

Headquarters

Nevis

Min Deposits

USD 100

Leverage

1:1000

Platform

MT4, MT5, TradingView, TickTrader and Fix API

More Details

Pros

Ultra-fast execution
High Leverage
600+ Markets Offered
ECN Technology

Cons

US clients no accepted

Website

fxopen.com

Address

P.O. Box 590, Springates East, Government Road, Charlestown, Nevis

FAQ

Is Forex Trading Legal in Indonesia?

Yes, forex trading is legal in Indonesia. It is regulated by the Indonesian Financial Services Authority, known as Otoritas Jasa Keuangan (OJK), and the Commodity Futures Trading Regulatory Agency (BAPPEBTI). Traders must ensure they are dealing with licensed brokers to comply with local regulations.

How Do I Start Forex Trading in Indonesia?

To start forex trading in Indonesia, you need to open an account with a licensed forex broker, deposit funds, and download a trading platform. It’s also advisable to educate yourself on forex trading strategies and the market before beginning.

What Are the Best Forex Brokers for Indonesian Traders?

Some well-known forex brokers that are popular among Indonesian traders include FBS, XM, and OctaFX. It’s important to choose a broker that is regulated by BAPPEBTI or other reputable global regulatory bodies to ensure safety and reliability.

What Are the Trading Hours for Forex in Indonesia?

The forex market operates 24 hours a day, five days a week. Trading begins on Monday at 5:00 AM local time in Indonesia (WIB) and closes on Saturday at 4:00 AM WIB. This allows traders to participate in the market at any time during the week.

Are there any regulatory bodies overseeing Forex brokers in Indonesia?

Yes, Forex brokers in Indonesia are regulated by BAPPEBTI (Badan Pengawas Perdagangan Berjangka Komoditi), which ensures that brokers adhere to specific standards and practices to protect traders. Choosing a broker regulated by BAPPEBTI can provide an added layer of security and trustworthiness.

What are the advantages of using a local Indonesian Forex broker?

Local Indonesian Forex brokers often provide customer support in Bahasa Indonesia, which can be a significant advantage for traders who prefer to communicate in their native language. They may also offer payment methods that are more convenient for Indonesian residents, such as local bank transfers. Additionally, they are more likely to be familiar with the specific needs and regulations of Indonesian traders.

TOP BROKERS

We use cookies

Our website uses cookies. by continuing, we assume your permission to deploy cookies as detailed in our Privacy Policy.

Accept cookies