Scam Forex Brokers in Indonesia
Exness Review
Overall Exness is considered low risk with an overall Trust Score of 97 out of 100. They are licensed by one Tier-1 Regulator (high trust), three Tier-2 Regulators (average trust), and four Tier-3 Regulators (low trust). The broker offers Indonesian traders five retail trading accounts: Standard Account, Standard Cent Account, Raw Spread Account, Zero Account, and Pro Account.
- Kayla Duvenage
Jump to:
Overview
Regulation and Safety of Funds
Awards and Recognition
Account Types and Features
Account Registration
Broker Comparison
Trading Platforms
Range of Markets
Fees
Deposit and Withdrawels
Education and Research
Bonuses and Promotions
Affiliate Programs
Customer Support
Social Responsibility
Final Verdict
Pros and Cons
FAQ
Overall Rating
- 4.9/5
Min Deposit
159 900 IDR or 10 USD
Regulators
CBCS, CySEC, FCA, FSA, FSC, FSCA, CMA
Trading Desk
MetaTrader mobile, Exness Trade App, Exness Terminal, MetaTrader 5, MetaTrader 4, MetaTrader WebTerminal
Crypto
Total Pairs
107
Islamic Account
Trading Fees
Account Activation
Overview
Exness is a well-known Forex and CFD broker providing trading services to traders worldwide.
The broker provides a customized trading experience with features such as accounts denominated in IDR, unlimited leverage, and local support.
Furthermore, their dedication to meeting the specific requirements of their Indonesian clientele makes them a noteworthy option for those in the archipelago interested in online trading.
Best Countries by Traders
The broker currently has the largest market share in these countries:
India – 31.58%
Thailand – 26.51%
Japan – 6.06%
Bangladesh – 5.77%
South Africa – 5.32%
Popularity among Indonesian traders
They are one of the 10 Best Forex and CFD brokers in Indonesia.
Is Exness suitable for beginners?
Yes, they are suitable for beginners and offer a range of educational materials and a free demo account.
Can I use a demo account?
Yes, you can. Their demo is available for 21 days.
At a Glance
| 🏛 Headquartered | Cyprus |
| ✅ Global Offices | South Africa, Cyprus, United Kingdom, Seychelles, Kenya |
| 🗓 Year Founded | 2008 |
| 📞 Indonesia Office Contact Number | None |
| 🤳 Social Media Platforms | • Facebook • YouTube |
| ⚖️ Regulation | FSA, CBCS, FSC, FSC BVI, FSCA, CySEC, FCA, CMA |
| 🪪 License Number | Seychelles – SD025 Curaçao – 0003LSI British Virgin Islands – SIBA/L/20/1133 Mauritius – GB20025294 South Africa – FSP 51024 Cyprus – 178/12 United Kingdom – 730729 Kenya – 162 (Tadenex Limited) |
| ⚖️ BAPPEBTI Regulation | No |
| 🚫 Regional Restrictions | USA, American Samoa, Baker Island, Guam, Howland Island, Kingman Reef, Marshall Islands, Northern Mariana Islands, Puerto Rico, Midway Islands, Wake Island, Palmyra Atoll, Jarvis Island, Johnston Atoll, Navassa Island, Martinique, US Virgin Islands, and the United States Minor Outlying Islands, Canada, Curaçao, Cuba, Sint Maarten, Falkland Islands, Uruguay, Australia, New Zealand, Vanuatu, North Korea, Malaysia, Singapore, Aland Islands, Andorra, Austria, Belarus, Belgium, Bulgaria, Croatia, Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Gibraltar, Greece, Hungary, Iceland, Italy, Ireland, Kosovo, Latvia, Liechtenstein, Lithuania, Luxembourg, Malta, Monaco, Norway, Netherlands, Poland, Portugal, Romania, Russia, San Marino, Slovakia, Slovenia, Spain, Sweden, Switzerland, United Kingdom, Vatican City, Seychelles, Sudan, South Sudan, Réunion, Iraq, Iran, Israel, Syria, Yemen, Palestinian Territory |
| ☪️ Islamic Account | Yes |
| 💻 Demo Account | Yes |
| 🛍 Retail Investor Accounts | 5 |
| 📊 PAMM Accounts | None |
| 🤝 Liquidity Providers | ADS Securities, FXCM PRO, and others |
| 💸 Affiliate Program | Yes |
| 📲 Order Execution | Market |
| 📊 Average spread | 0.0 pips EUR/USD |
| 📞 Margin Call | 60% |
| 🛑 Stop-Out | 0% |
| ✅ Crypto trading offered? | Yes |
| 💰 Offers a IDR Account? | Yes |
| 👨💻 Dedicated Indonesia Account Manager? | No |
| 📊 Maximum Leverage | Unlimited |
| 🚫 Leverage Restrictions for Indonesia? | Yes, according to the account balance |
| 💰 Minimum Deposit | 10 USD / 157,151 IDR |
| ✅ IDR Deposits Allowed? | Yes |
| 📊 Active Indonesia Trader Stats | 200,000+ |
| 👥 Active Indonesia-based Exness customers | Unknown |
| 💳 Indonesia Daily Forex Turnover | $5 trillion+ (Overall Forex Globally) |
| 💰 Bonus | None |
| 💵 Deposit and Withdrawal Options | • BinancePay • Bitcoin • Debit Card • Credit Card • Internet Banking • Skrill • Neteller • Perfect Money • SticPay • USD Coin (ERC20) • USD Coin (TRC20) • Tether (USDT ERC20) • Tether (USDT TRC20) • WebMoney • Mybux • Ozow • SnapScan |
| 🏦 Segregated Accounts with Indonesian Banks? | No |
| 📊 Trading Platforms | • MetaTrader 4 • MetaTrader 5 • Exness Terminal • Exness Trader app |
| ✔️ Tradable Assets | • Forex • Metals • Crypto • Energies • Indices • Stocks |
| 💸 Offers USD/IDR currency pair? | No |
| 📈 USD/IDR Average Spread | None |
| 📉 Offers Indonesian Stocks and CFDs | No |
| 🗣 Languages supported on Website | English, French, Indonesian, Portuguese, Spanish, Vietnamese, Arabic, Thai, Chinese (Simplified), Japanese, Korean, Urdu, Bengali, Hindi |
| 📞 Customer Support Languages | Multilingual |
| ⏰ Customer Service Hours | 24/7 |
| 👥 Indonesia-based customer support? | No |
| ✅ Bonuses and Promotions for Indonesia Traders | No |
| 📚 Education for Indonesian beginners | Yes |
| 📱 Proprietary trading software | Yes |
| 💰 Most Successful Trader in Indonesia | Several – Richest, Dadap Kuswoyo ($68,100 profit) |
| ✅ Is Exness a safe broker for Indonesian traders? | Yes |
| 📊 Rating for Exness Indonesia | 8/10 |
| 🤝 Trust score for Exness Indonesia | 97% |
| 🎉 Open an account | Open Account |
Regulation and Safety of Funds
Regulation in Indonesia
They are not currently regulated by the Commodity Futures Trading Regulatory Agency (BAPPEBTI/CoFTRA).
Security while Trading
They are the gold standard for providing top-tier security and transparency to Indonesian traders. Exness, as a multi-regulated broker, sets a premium on protecting its client’s interests and fostering confidence worldwide through stringent oversight.
The broker’s commitment to security is bolstered by its relationship with the renowned ‘Big Four’ accounting company, Deloitte, which conducts regular financial audits.
This extra degree of examination means that traders can confidently trade, knowing their funds are secure and the company’s financial activities are transparent.
The broker employs cutting-edge security methods to protect sensitive data and the privacy of its traders. As a result, the platform protects traders’ personal and financial information from unwanted access.
They offer quick withdrawals through various trustworthy payment processors for the convenience and security of transactional data. This method adds a degree of security to financial transactions, reducing any potential hazards involved with payment transfers.
The broker proactively protects its traders in the volatile trading world by providing negative balance protection. This crucial feature is a safety net, ensuring traders do not lose more than their original deposits, even in high-risk trading circumstances.
With them, Indonesian traders may confidently pursue their trading ambitions, knowing that they are supported by a broker dedicated to security, transparency, and the well-being of their clients.
Does Exness’ regulation expire?
No, their regulations do not expire. However, regulations of any broker can changed, suspended, or even revoked according to specific circumstances, especially when the broker no longer meets the criteria for a specific license.
What is Exness’ trust score?
They have a trust score of 97%
Awards and Recognition
The broker received the following recent awards and recognition:
- Global Broker of the Year in 2023, awarded during the Forex Traders Summit.
- Most Innovative Broker of the Year in 2023, awarded during the Traders Summit.
When do I get my bonus?
Unfortunately, the broker does not currently have a sign-up bonus.
Can I withdraw my bonus?
Unfortunately, the broker does not currently have a sign-up bonus.
Exness Account Types and Features
Standard Account
The broker offers the Standard Account to traders looking for a straightforward, commission-free trading experience. This basic option caters to a wide variety of traders and uses marked-up spreads rather than commission fees.
| Account Features | Value |
| 💰 Minimum Deposit Requirement | 10 USD / 157,151 IDR |
| 📊 Average spreads | Variable, from 0.3 pips |
| 💵 Base Account Currency Options | AED, ARS, AUD, AZN, BDT, BHD, BND, BRL, CAD, CHF, CNY, EGP, EUR, GBP, GHS, HKD, HUF, IDR, INR, JOD, JPY, KES, KRW, KWD, KZT, MAD, MXN, MYR, KES, NZD, OMR, PHP, PKR, QAR, SAR, SGD, THB, UAH, UGX, USD, UZS, VND, XOF, ZAR |
| 💸 Commission Charges | None |
| 📈 Maximum Leverage | Unlimited |
| 📊 Instruments | Forex major pairs, minor currency pairs, exotic pairs, energies, cryptocurrencies, stocks, indices |
| 📉 Minimum lot size | 0.01 lots |
| 📈 Maximum Lot Size | 200 lots from 7 am to 8h59 pm (GMT +0) 20 lots from 9 pm to 6h59 am (GMT +0) |
| 📞 Margin Call (%) | 60 |
| 🛑 Stop-out Level (%) | 0 |
| 📱 Order Execution | Market Execution |
| ☪️ Islamic Account | Yes |
| 🎉 Open an account | Open Account |
Standard Cent Account
The Standard Cent Account is designed for new traders with modest financial resources. With a modest entry point of around 157,151 ($10), this account allows newcomers to enter the trading market.
Furthermore, the Cent account provides traders with boundless leverage potential and a smaller minimum transaction amount to explore trading ideas.
Account Features Value 💰 Minimum Deposit Requirement 10 USD / 157,151 IDR 📊 Average spreads Variable, from 0.3 pips 💵 Base Account Currency Options USC, EUC, GBC, CHC, AUC, CAC 💸 Commission Charges None 📈 Maximum Leverage Unlimited 📊 Instruments Forex, Metals 📉 Minimum lot size 0.01 lots 📈 Maximum Lot Size 200 lots from 7 am to 8h59 pm (GMT +0)
20 lots from 9 pm to 6h59 am (GMT +0)📞 Margin Call (%) 60 🛑 Stop-out Level (%) 0 📱 Order Execution Market Execution ☪️ Islamic Account Yes 🎉 Open an account Open Account
Raw Spread Account
The Raw Spreads Account is designed for scalpers, day traders, and algorithmic traders, and it offers tight and competitive spreads. This account enables traders to implement their strategy and profit on short-term trading opportunities efficiently.
Account Features Value 💰 Minimum Deposit Requirement 500 USD / 7,857,575 IDR 📊 Average spreads Variable, from 0.0 pips 💵 Base Account Currency Options AED, ARS, AUD, AZN, BDT, BHD, BND, BRL, CAD, CHF, CNY, EGP, EUR, GBP, GHS, HKD, HUF, IDR, INR, JOD, JPY, KES, KRW, KWD, KZT, MAD, MXN, MYR, NGN, NZD, OMR, PHP, PKR, QAR, SAR, SGD, THB, UAH, UGX, USD, UZS, VND, XOF, ZAR 💸 Commission Charges Up to $3.5 per side, per lot 📈 Maximum Leverage Unlimited 📊 Instruments Forex, Metals, Cryptocurrencies, Energies, Stocks, Indices 📉 Minimum lot size 0.01 lots 📈 Maximum Lot Size 200 lots from 7 am to 8h59 pm (GMT +0)
20 lots from 9 pm to 6h59 am (GMT +0)📞 Margin Call (%) 30 🛑 Stop-out Level (%) 0 📱 Order Execution Market Execution ☪️ Islamic Account Yes 🎉 Open an account Open Account
Zero Account
With its no-requote policy, the Zero Account improves trading reliability. This account stands out among similar accounts from other brokers due to its incredibly competitive charges and spreads. Traders who value tight spreads and little slippage will benefit from the Zero Requote Account.
Account Features Value 💰 Minimum Deposit Requirement 500 USD / 7,857,575 IDR 📊 Average spreads Variable, from 0.0 pips 💵 Base Account Currency Options AED, ARS, AUD, AZN, BDT, BHD, BND, BRL, CAD, CHF, CNY, EGP, EUR, GBP, GHS, HKD, HUF, IDR, INR, JOD, JPY, KES, KRW, KWD, KZT, MAD, MXN, MYR, NGN, NZD, OMR, PHP, PKR, QAR, SAR, SGD, THB, UAH, UGX, USD, UZS, VND, XOF, ZAR 💸 Commission Charges From $0.1 per side, per lot 📈 Maximum Leverage Unlimited 📊 Instruments Forex, Metals, Cryptocurrencies, Energies, Stocks, Indices 📉 Minimum lot size 0.01 lots 📈 Maximum Lot Size 200 lots from 7 am to 8h59 pm (GMT +0)
20 lots from 9 pm to 6h59 am (GMT +0)📞 Margin Call (%) 30 🛑 Stop-out Level (%) 0 📱 Order Execution Market Execution ☪️ Islamic Account Yes 🎉 Open an account Open Account
Pro Account
The Professional Account is intended for experienced traders with in-depth knowledge of financial markets. It provides professionals with a competitive advantage by providing customized trading conditions and advantages.
This account is designed to meet the needs of experienced traders, allowing them to apply complicated strategies and surpass their opponents.
Account Features Value 💰 Minimum Deposit Requirement 500 USD / 7,857,575 IDR 📊 Average spreads Variable, from 0.1 pips 💵 Base Account Currency Options AED, ARS, AUD, AZN, BDT, BHD, BND, BRL, CAD, CHF, CNY, EGP, EUR, GBP, GHS, HKD, HUF, IDR, INR, JOD, JPY, KES, KRW, KWD, KZT, MAD, MXN, MYR, NGN, NZD, OMR, PHP, PKR, QAR, SAR, SGD, THB, UAH, UGX, USD, UZS, VND, XOF, ZAR 💸 Commission Charges None 📈 Maximum Leverage Unlimited 📊 Instruments Forex, Metals, Cryptocurrencies, Energies, Stocks, Indices 📉 Minimum lot size 0.01 lots 📈 Maximum Lot Size 200 lots from 7 am to 8h59 pm (GMT +0)
20 lots from 9 pm to 6h59 am (GMT +0)📞 Margin Call (%) 30 🛑 Stop-out Level (%) 0 📱 Order Execution Instant Execution on Forex currency pairs, metals, energies, stocks, and indices and market execution on cryptocurrencies ☪️ Islamic Account Yes 🎉 Open an account Open Account
Demo Account
Before engaging in real trading, traders can use the Practice Account to refine their skills and acquaint themselves with trading concepts.
Traders can experiment with different tactics and acquire confidence without risking real money by opening a demo account with USD 10,000 virtual currency in the “Demo” tab of “My Accounts.” The Practice Account provides a risk-free environment to practice live trading.
Islamic Account
The broker offers swap-free trading accounts to inhabitants of Islamic nations who follow Sharia law. Standard, Pro, Raw Spread, Zero, and Standard Cent accounts do not credit or withdraw swaps.
There are two degrees of swap-free status, with the Extended Swap-free option extending the overnight swap exemption to more symbols.
However, it is important to note that swap costs may still apply to other instruments, and the broker monitors trading activities to avoid the swap-free status from being abused.
Does the broker have an IDR account?
They offer traders an IDR-denominated account on all accounts except the Cent.
How long will it take to verify my swap-free account?
Typically, it can be within a few minutes, but it could take up to 24 hours.
Overall Rating
- 4.9/5
Min Deposit
159 900 IDR or 10 USD
Regulators
CBCS, CySEC, FCA, FSA, FSC, FSCA, CMA
Trading Desk
MetaTrader mobile, Exness Trade App, Exness Terminal, MetaTrader 5, MetaTrader 4, MetaTrader WebTerminal
Crypto
Total Pairs
107
Islamic Account
Trading Fees
Account Activation
How to open an Exness Account – A Step-by-Step Guide
To open an account, Indonesians can follow these steps:
Step 1 – Open the Exness Website and click on the “Open Account” tab.
To begin your Exness experience, go to their official website and click the “Open an Account” or “Register” button to begin the account creation procedure.
Step 2 – Fill in your personal details.
You must give personal information during registration, such as your name, email address, phone number, and country of residence. Fill in the required information and create a secure password.
Step 3 – Choose your account type.
After this information has been submitted, the applicant is taken to a screen where the applicant can choose between a demo account which is automatically created with a virtual deposit of $10,000, or a real account.
Exness Vs XM Vs OctaFX – Broker Comparison
| Exness | XM | Octa | |
| ⚖️ Regulation | FSA, CBCS, FSC, FSC BVI, FSCA, CySEC, FCA, CMA | FSCA, IFSC, ASIC/AFSL, CySEC, DFSA | CySEC, SVG FSA |
| 📱 Trading Platform | MetaTrader 4, MetaTrader 5, Exness App, Exness Terminal | MetaTrader 4, MetaTrader 5 | MetaTrader 4, MetaTrader 5, OctaFX App, CopyTrade App |
| 💰 Withdrawal Fee | No | No | None |
| 📊 Demo Account | Yes | Yes | Yes |
| 📈 Minimum Deposit | 10 USD / 157,151 IDR | 5 USD / 78,575 IDR | 25 USD / 392,878 IDR |
| 📈 Leverage | Unlimited | 1:888 | 1:500 |
| 📊 Spread | Variable, from 0.0 pips | 0.0 pips | 0.6 pips |
| 💰 Commissions | From $0.1 per side, per lot | $1 to $9 | None |
| ✴️ Margin Call/Stop-Out | 60%/0% | 50%/20% 100%/50% (EU) | 25%/15% |
| ✴️ Order Execution | Market | Market, Instant | Market |
| 💳 No-Deposit Bonus | No | No | Yes |
| 📊 Cent Accounts | Yes | No | No |
| 📈 Account Types | Standard Account, Standard Cent Account, Raw Spread Account, Zero Account, Pro Account | Micro Account, Standard Account, XM Ultra-Low Account, Shares Account | MetaTrader 4 Habitual Trader, MetaTrader 5 Smart Trader |
| ⚖️ BAPPEBTI Regulation | No | No | No |
| 💳 IDR Deposits | Yes | Yes | No |
| 📊 IDR Account | No | No | No |
| 👥 Customer Service Hours | 24/7 | 24/5 | 24/5 |
| 📊 Retail Investor Accounts | 5 | 4 | 2 |
| ☪️ Islamic Account | Yes | Yes | Yes |
| 👉 Open an account | Open Account | Open Account | Open Account |
Trading Platforms
The broker offers Indonesian traders a choice between these trading platforms:
- Exness Trader App
- Exness Web Terminal
- MetaTrader 4
- MetaTrader 5
Trader App
The broker provides the Exness Trader App, a seamless mobile trading solution for traders. With a sophisticated dashboard and an intuitive home page, the app provides a user-friendly experience that ensures seamless navigation and simple access to crucial functionality.
The addition of tailored trading signals for each instrument is a standout feature of the Trader App.
These signals are supplied from TradingView, a well-known market analysis platform, allowing traders to remain on top of market movements and gain useful insights immediately within the app.
This integration improves convenience and enables traders to make more informed and strategic trading decisions even while they are on the move.
Web Terminal
Exness Terminal, in addition to MT4 and MT5, is its own unique trading platform. This platform is created with a user-friendly interface, especially for new traders.
In addition, its simple and uncomplicated style allows for easy navigation and instrument lookup. The Terminal includes TradingView charts, which include a variety of indicators and sketching tools, allowing traders to do effective market analysis.
Furthermore, traders can easily create stop levels depending on percentage, account currency, or price, improving overall use and efficiency.
MetaTrader 4 and 5
The broker is recognized for providing the widely acclaimed MetaTrader 4 (MT4) and MetaTrader 5 (MT5) trading platforms. These platforms distinguish themselves within the industry with their wealth of advanced features and tools.
With numerous timeframes, extensive technical indicators, and comprehensive charting capabilities, traders can perform thorough market analysis.
Moreover, due to the versatility of MT4 and MT5’s adaptability features, traders can customize their strategies, incorporate automated trading systems and connect with a large community of fellow traders for knowledge-sharing and collaboration opportunities.
Can I open and close positions on the app?
Yes, you can easily manage your trading from the proprietary app.
Does MetaTrader 4 support hedging?
Yes, MetaTrader 4 (MT4) supports hedging; however, the availability of hedging can vary depending on the broker and regulatory environment.
Range of Markets
Indonesian traders can expect the following range of markets:
Forex
Metals
Cryptocurrencies
Energies
Precious Metals
Stocks
Indices
How many forex pairs can I trade with?
You can trade over 100 Forex pairs.
Does the broker have Ethereum?
Yes, they offer crypto CFDs on 27 coins, including Ethereum.
Broker Comparison for Range of Markets
| Exness | XM | OctaFX | |
| ➡️️ Forex | Yes | Yes | Yes |
| ➡️️ Precious Metals | Yes | Yes | Yes |
| ➡️️ ETFs | No | No | No |
| ➡️️ CFDs | Yes | Yes | Yes |
| ➡️️ Indices | Yes | Yes | Yes |
| ➡️️ Stocks | Yes | Yes | No |
| ➡️️ Cryptocurrency | No | No | Yes |
| ➡️️ Options | No | No | No |
| ➡️️ Energies | Yes | Yes | Yes |
| ➡️️ Bonds | No | Yes | No |
Overall Rating
- 4.9/5
Min Deposit
159 900 IDR or 10 USD
Regulators
CBCS, CySEC, FCA, FSA, FSC, FSCA, CMA
Trading Desk
MetaTrader mobile, Exness Trade App, Exness Terminal, MetaTrader 5, MetaTrader 4, MetaTrader WebTerminal
Crypto
Total Pairs
107
Islamic Account
Trading Fees
Account Activation
Exness Fees, Spreads, and Commissions
Spreads
Spreads charged to traders will differ depending on account type because each account is targeted to a specific type of trader.
Commissions
Some accounts have a fixed rate commission to ensure the broker is compensated for the services in arranging the transaction. In this situation, commissions are levied on the following accounts:
- Raw Spread Account – Up to $3.50 per side, per lot
- Zero Account – From $0.1 per side, per lot
Overnight Fees, Rollovers, or Swaps
Overnight traders should expect to pay fees that depend on several factors, including the type of financial instrument held, the length of time the position is held, the size of the position, and the prevailing interbank rates.
Deposit and Withdrawal Fees
There are no fees on deposits or withdrawals.
Inactivity Fees
There are no fees charged on dormant accounts.
Currency Conversion Fees
Currency conversion fees apply automatically if traders deposit/withdraw in currencies other than the base currency of their account. Because Exness offers an IDR-denominated account, traders do not face these fees.
Do IDR deposits get charged a currency conversion fee?
No, you do not pay a currency conversion fee if you register an IDR-denominated account and deposit funds in IDR.
What is the brokers’ lowest spread?
The brokers’ lowest spreads are 0.0 pips on the Raw Spread and Zero Accounts.
Exness Deposits and Withdrawals
The broker offers Indonesian traders the following deposit and withdrawal methods:
BinancePay
Bitcoin
Debit Card
Credit Card
Internet Banking
Skrill
Neteller
Perfect Money
SticPay
USD Coin (ERC20)
USD Coin (TRC20)
Tether (USDT ERC20)
Tether (USDT TRC20)
WebMoney
Mybux
Ozow
SnapScan
Does the broker have a VISA?
Yes, they accept deposits and withdrawals using several credit/debit cards, including VISA cards.
Will the broker use my money to run its operations?
No, they do not. They keep all client funds in segregated accounts with top-tier banks, away from its funds.
How to Make a Deposit with Exness
To deposit funds into an account, Indonesian traders can follow these steps:
Step 1 – Go To The Official Website
Go to Exness’s official website and log into your account.
Step 2 – Click on “Deposit”
Select “Deposit” or “Fund Account” to enter the deposit interface.
Step 3 – Deposit Your Funds
Put in the amount you want to deposit, and ensure it is more than the minimum.
How to make a Withdrawal with Exness
To withdraw funds from an account, Indonesian traders can follow these steps:
Step 1 – Go to the Exness Website
Go to the official Exness website and click on “Sign In”.
Step 2 – Click on “Withdrawal”
To withdraw funds, find the section labelled “Withdraw” or something similar.
Step 3 – Choose a withdrawal method.
You can choose your preferred withdrawal method, which is usually the same as the deposit method. Type in the withdrawal amount and confirm it with the required information.
Education and Research
Education
The broker offers the following Educational Materials to Indonesian traders:
- Exness Academy
- Webinars
- Educational Videos
- Articles
The broker also offers Indonesian traders the following additional Research and Trading Tools:
- Analytical Tools
- Trader’s Calculator
- Economic Calendar
- Currency Converter
- Tick History
- Trading Central WebTV
Is the broker suitable for beginners?
Yes, they are a perfect fit for beginner traders in Indonesia.
Can I use AutoChartist?
No, the broker does not offer AutoChartist but offers VPS, Trading Central, and more.
Bonuses and Promotions
The broker does not currently have bonuses or promotions advertised on the official website.
How much is the brokers’ deposit bonus?
The broker does not currently offer a deposit bonus.
Where do I find the brokers’ bonuses?
Their bonuses are typically available from the homepage and top menu bar. However, they do not currently offer any bonuses.
How to open an Affiliate Account with Exness
To register an Affiliate Account, Indonesian traders can follow these steps:
Step 1 – Locate the affiliate area.
Go to the Exness website and go to the Affiliate area.
Step 2 – Click on the “Start Now” icon.
Click the “Start Now” icon to access a registration form.
Step 3 – Provide your personal details.
Fill out the form with your personal information, including your complete name, email address, and phone number.
Affiliate Program Features
Individuals and businesses can earn commissions by referring new customers to the broker through the Affiliate Program. Partners can use various promotional materials, such as banners and landing pages, to help their marketing efforts.
The broker has a competitive commission system, with revenues dependent on referral client trading volume. The program offers real-time tracking and reporting through an easy-to-use dashboard, allowing affiliates to monitor their performance and earnings.
A specialized affiliate manager assists, ensuring that partners receive the guidance they require to succeed.
With multiple payment options for withdrawing commissions and no withdrawal restrictions, the Affiliate Program is an appealing alternative for those wishing to monetize their trading network and knowledge.
Does the broker have rebates?
Yes, they offer up to 100% on commissions paid.
Does the broker offer marketing materials to Indonesian partners?
Yes, they offer a range of materials that partners can use.
Customer Support
The brokers’ customer service is notable for its 24-hour availability, delivering polite and rapid support. Access to 24-hour support from Monday through Saturday and extended hours from 2 a.m. to 5 p.m. on Saturdays and Sundays has proven to be a useful advantage for Indonesian traders.
Does the broker stay open 24/7?
Yes, but Indonesian support is only offered from Monday 1 a.m. to Saturday 1 a.m., and Saturday and Sunday from 2 a.m. to 5 p.m.
Does the broker support Indonesians?
Yes, support is available in Indonesia.
Verdict
They have proven to be a preferred trading platform in Indonesia and several key factors contribute to its success. One noteworthy aspect is the platform’s commitment to safety and security.
One of the standout features that sets the broker apart is its ability to maintain IDR-denominated accounts. This feature simplifies the trading process for Indonesian traders.
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Pros and Cons
| ✔️ Pros | ❌ Cons |
| The brokers’ tick data repository, which stretches back to 2015, is one of its significant advantages. This collection is extremely valuable for traders who want to back-test their techniques. | The provision of unlimited leverage can be a double-edged sword for traders, requiring caution and proper trading techniques |
| The brokers’ customers can anticipate great multilingual customer care 24 hours a day, 7 days a week, delivering a smooth transaction experience anytime, anywhere. | While the broker offers a wide range of tradable marketplaces, it is important to note that the number of financial instruments offered is limited. |
| They stand out in the forex market with its incredibly competitive commission rates, which set the industry standard for cheap prices. | |
| They serve both novices and pros, offering a wide selection of trading accounts and commission structures to fit individual trading tastes. | |
| The broker provides quick withdrawals using several trusted payment processors for simplicity and reliability, bolstering its reputation as a trustworthy broker. | |
| The broker demonstrates its dedication to transparency by undergoing financial audits by the reputed Big Four accounting firm, Deloitte. |
Frequently Asked Questions
How can I open an account in Indonesia?
To start an account in Indonesia, register on the website, enter your personal information, verify your identification and residence, and then select an account type.
Is Exness regulated?
Yes, the broker is subject to scrutiny from various authoritative bodies, such as the FCA, CySEC, FSC, FSA, FSC BVI, CMA, and FSCA.
How long does it take to withdraw?
E-wallet withdrawals are typically processed instantly, while bank wire transfers may take several business days.
Is unlimited leverage available with the broker?
Yes, they offer unlimited leverage for some account types, providing traders with greater freedom and opportunities in their trading tactics.
What are the trading conditions in Indonesia?
The broker provides IDR-denominated accounts, unlimited leverage, quick deposits and withdrawals, and access to various trading products such as Forex, commodities, and indices to Indonesian traders.
Does Exness have Nasdaq 100?
Yes, they have Nasdaq 100 and several other CFDs on Indices for Indonesians.
How can I reach customer support in Indonesia?
The broker offers 24-hour customer service in Indonesia from Monday to Saturday, with limited hours on Sunday, by live chat, email, or phone.
Is Exness Safe or a Scam?
They are a safe and trusted broker with a score of 97%.
Does the broker have VIX 75?
No, they do not have VIX 75 but offer other popular indices such as Nasdaq 100, S&P 500, and more.
Corporate Social Responsibility
The broker actively participates in giving back to the community as part of its corporate social responsibility (CSR) programs, both financially and in-kind services. The corporation contributes to several local non-profit groups that address various social and humanitarian challenges.
The broker hopes to make a positive difference in the lives of those in need and leave a lasting impression on society through these worthwhile initiatives.
Their dedication to inclusivity and diversity is a fundamental component of its CSR initiatives. The organization prioritizes creating an inclusive and inviting work environment for all its workers.
They create programs that encourage diversity, equality, and general employee well-being internally. Externally, the corporation extends its inclusion efforts to the communities in which it operates, hoping to make a good impact beyond the organization’s walls.
The broker exhibits its commitment to social responsibility and genuine desire to contribute to the benefit of society by focusing on CSR projects in education, environmental sustainability, community support, and inclusivity.
The broker hopes to actively create a more compassionate and sustainable environment for everybody through these efforts.
Is Exness VPS free?
Yes, Clients that achieve certain trading volume requirements are eligible for free services.
How can I get started with VPS?
To begin using VPS, log in to your Personal Area, navigate to the VPS section, and follow the on-screen instructions, ensuring that you match the eligibility conditions specified by the broker.