FXOpen Review
Overall, FXOpen puts flexibility front and centre with ECN accounts, swap-free options, and tools like TickTrader and TradingView. Indonesian traders gain direct access to forex, commodities, crypto, and more, with local deposit and withdrawal methods that fit into the way Indonesians already bank.
 | Minimum Deposit: $100 Regulated by: ASIC Leverage: Up to 1:500 |
FXOpen Broker Overview for Traders in Indonesia
| Category | Details |
| 🏦Indonesia Office Address | None; Global registered entities include FXOpen Ltd (UK), FXOpen EU Ltd (Cyprus), FXOpen Markets Limited (Nevis) |
| 📧Email Support | None specifically for Indonesia; Indonesians can use [email protected] (International) |
| 📞Phone Support (Indonesia) | None; Global phone contacts include +64 9 801 0123 (International), +44 (0) 203 519 1224 (UK), +357 25024000 (EU/Cyprus) |
| 💬Live Chat | Available 24/5 globally |
| ⏱️Customer Support Hours | International: 7 am Monday – 4 pm Friday GMT, UK: 8 am–6 pm (London), EU/Cyprus: 9 am–8 pm (EET) |
| ⏳Office Operating Hours | Depends on the office and region |
| 🌐Official Website | www.fxopen.com |
| 🚀 Sign up | 👉Open Account |
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How FXOpen Protects Your Money: Regulation and Safety Measures
FXOpen does not hold a licence from an Indonesian authority such as BAPPEBTI, and accounts opened from Indonesia fall under FXOpen’s international entity in Nevis. FXOpen operates multiple regulated entities in the UK and the European Union.
If you choose to open an account under these entities (where eligible), you’ll be covered by the protections in place.
| 🌎 Regulatory Body | 🇨🇴 Country | 🔢 License Number | ⏺️ Status / Description |
| Not regulated (FXOpen Markets Limited) | International / Offshore (Nevis) | Company no. C 42235 | This is the entity Indonesian clients use. No client money protection, no negative balance protection, and no deposit compensation scheme. |
| CySEC (Cyprus Securities and Exchange Commission) | European Union (Cyprus) | Licence 194/13 | Funds are held in segregated accounts, with coverage under the Investor Compensation Fund up to €20,000 per eligible client. Negative balance protection applies for retail traders. |
| FCA (Financial Conduct Authority) | United Kingdom | FRN 579202 (FXOpen Ltd, company no. 07273392) | Client money is kept in segregated accounts under CASS rules. Eligible clients may claim FSCS compensation up to £85,000. |
Yes. FXOpen is an offshore broker, and Indonesians can trade through it as long as cross-border payments follow local banking laws.
Yes. Client money is kept in separate trust accounts, separate from FXOpen’s operational funds.
Which FXOpen Account Suits You? Account Types Compared
FXOpen’s accounts are focused on ECN trading. It means that Indonesians have access to market pricing, no dealing desk, and commissions that vary depending on how much you trade.
| 💻 Live Account | 💳 Minimum Dep. | 👉 Open an account | 📊 Leverage | 💸 Commissions |
| Basic ECN | From $100 | 👉Open Account | Up to 1:500 | From $3.50 per lot (FX), from 0.08% (crypto) |
| Classic ECN | From $1,000 | 👉Open Account | Up to 1:500 | From $2.50 per lot (FX), from 0.08% (crypto) |
| Advanced ECN | $25,000 – $250,000 | 👉Open Account | Up to 1:500 | From $1.80 per lot (FX), from 0.05% (crypto) |
| Elite ECN | Over $250,000 | 👉Open Account | Up to 1:500 | From $1.50 per lot (FX), from 0.03% (crypto) |
| PAMM ECN | From $1,000 (for Masters) | 👉Open Account | Up to 1:100 | From $1.50 half-turn (depends on equity/volume) |
Basic ECN Account
| Account Feature | Value |
| 💻 Trading Platforms | MT4, MT5, TradingView |
| 📉 Spread Pips | Floating, from 0.0 pips |
| 💰 Minimum Deposit | $100 (or equivalent) |
| 📈 Maximum Leverage | Up to 1:500 |
| 💹 Trading Instruments | Commodities, Forex, Indices, Cryptocurrencies, Shares |
| 🏆 Best For | Traders starting with smaller balances who want ECN conditions |
| ✅ Advantages | Low entry deposit, spreads from 0.0 pips, fast execution, broad range of tradable assets, commission-based pricing |
| 🚀Sign up | 👉Open Account |
Classic ECN Account
| Account Feature | Value |
| 💻 Trading Platforms | TradingView, MT5, MT4 |
| 📉 Spread Pips | Floating, from 0.0 pips |
| 💰 Minimum Deposit | $1,000 (or equivalent) |
| 📈 Maximum Leverage | Up to 1:500 |
| 💹 Trading Instruments | Indices, Shares, Forex, Crypto CFDs, Commodities |
| 🏆 Best For | Active traders looking for a balance between cost and market depth |
| ✅ Advantages | Commission from $2.50, leverage up to 1:500, reliable ECN pricing, transparent fee structure, suitable for mid-volume trading |
| 🚀Sign up | 👉Open Account |
Advanced ECN Account
| Account Feature | Value |
| 💻 Trading Platforms | MT5, TradingView, MT4 |
| 📉 Spread Pips | Floating, from 0.0 pips |
| 💰 Minimum Deposit | $25,000 – $250,000 |
| 📈 Maximum Leverage | Up to 1:500 |
| 💹 Trading Instruments | Forex, Commodities, Crypto CFDs, Indices, Shares |
| 🏆 Best For | High-volume traders who need competitive commissions and tighter spreads |
| ✅ Advantages | Commission from $1.80, full ECN execution, spreads from 0.0 pips, volume discounts, access to all asset classes |
| 🚀Sign up | 👉Open Account |
Elite ECN Account
| Account Feature | Value |
| 💻 Trading Platforms | MT4, TradingView, MT5 |
| 📉 Spread Pips | Floating, from 0.0 pips |
| 💰 Minimum Deposit | Over $250,000 |
| 📈 Maximum Leverage | Up to 1:500 |
| 💹 Trading Instruments | Shares, Indices, Forex, Commodities, Crypto CFDs |
| 🏆 Best For | Professional traders and institutions managing very large volumes |
| ✅ Advantages | Lowest commissions from $1.50, deep liquidity access, no maximum balance limit, high execution reliability, institutional-grade pricing |
| 🚀Sign up | 👉Open Account |
PAMM ECN Account
| Account Feature | Value |
| 💻 Trading Platforms | MT4, MT5 |
| 📉 Spread Pips | Floating, from 0.0 pips |
| 💰 Minimum Deposit | Master account from $1,000, follower deposit depends on offer |
| 📈 Maximum Leverage | Up to 1:100 (adjustable by request) |
| 💹 Trading Instruments | Forex, Commodities, Shares, Indices, Cryptocurrencies |
| 🏆 Best For | Traders wanting to manage investor funds, or investors looking to follow experienced traders |
| ✅ Advantages | Professional PAMM setup, transparent performance tracking, commission from $1.50, swap-free options available, diverse base currencies supported |
| 🚀Sign up | 👉Open Account |
Demo Account
| Account Feature | Value |
| 💻 Trading Platforms | MT4, MT5, TradingView |
| 🛠️ Features | Virtual balance up to $5,000,000, leverage up to 1:500, micro-lot trading, no verification required |
| 🏆 Best For | Traders testing market conditions in a risk-free environment with ECN execution |
| 🚀Sign up | 👉Open Account |
Islamic Account
| Account Feature | Value |
| 💻 Trading Platforms | TradingView, MT4, MT5 |
| 📉 Spread Pips | Floating, from 0.0 pips |
| 💰 Minimum Deposit | Based on chosen ECN account tier |
| 📈 Maximum Leverage | Up to 1:500 |
| 💹 Markets Offered | Commodities, Forex, Shares, Crypto CFDs, Indices |
| 🏆 Best For | Muslim traders who require swap-free trading aligned with Sharia principles |
| ✅ Advantages | Swap-free trading, overnight commission instead of swaps, ECN execution, same spreads and leverage as regular ECN accounts |
| 🚀Sign up | 👉Open Account |
Yes. You can hold several accounts — ECN, STP, or Crypto — from a single FXOpen Client Portal.
Yes. IDR is converted to USD at prevailing FXOpen partner rates, which may differ slightly from interbank rates.
| Minimum Deposit: $100 Regulated by: ASIC Leverage: Up to 1:500 |
FXOpen Account Setup Process
Opening an account with FXOpen does not take long, but it has a few key steps to get your account approved quickly. Here’s the step-by-step process:
Step 1: Start the Application
Go to the FXOpen website and choose to create a new account. Select Indonesia as your country of residence to ensure that local payment methods, fees, and the relevant compliance checks are available.
Step 2: Provide Contact and Login Details
You must enter a current email address and create a secure password. These will form your login credentials for both the client portal and future account management. Keep in mind that FXOpen uses two-step confirmation; use an email you check regularly.
Step 3: Add Your Personal Information
Enter your name exactly as it appears on your official identification documents. Inconsistencies between spelling or the order of names are one of the most common reasons that account verification is delayed for Indonesian clients.
Step 4: Choose Account Settings
FXOpen asks you to select your:
- Platform (TickTrader or TradingView)
- Account type (ECN, swap-free Islamic option, or PAMM if that suits your strategy)
- Base currency (USD, EUR, GBP)
- Leverage ratio
Step 5: Agree to Terms
You will be asked to review and accept several agreements: Customer Agreement, Terms of Business, Definitions, Risk Disclosure, and the Complaints Policy. Consent for personal data processing is also required.
Step 6: Upload Identification and Proof of Address
Verification is mandatory. FXOpen requires:
- A valid government-issued ID (KTP or passport is accepted).
- Proof of address (commonly a utility bill or bank statement issued in the last three months). The document can be in Bahasa Indonesia or English.
Step 7: Liveness Check
As part of anti-fraud rules, FXOpen asks for a quick selfie video or a liveness check through the portal. This confirms that the applicant is the same person as the documents uploaded.
Step 8: Deposit Funds and Begin Trading
Once verification passes, log in to the client portal and fund your account. FXOpen supports online bank transfers in IDR with fees from 2.19% on deposits and 1.6% on withdrawals. Once funds reflect, you can connect to the chosen trading platform and place your first trade.
FXOpen, Tickmill, and Exness Compared for Indonesian Traders
| FXOpen | Tickmill | Exness | |
| ⚖️ Regulation | FCA, CySEC | FSCA, CySEC, DFSA, FCA, FSA | FSA, FSC (BVI, Mauritius), FSCA, CySEC, FCA, CMA, JSC |
| 📱 Trading Platform | TickTrader, TradingView, FXOpen App | MT4, MT5, TradingView, Tickmill Trader | MT4, MT5, Exness Terminal, Exness App, WebTerminal |
| 💰 Withdrawal Fee | No | No | None |
| 📊 Demo Account | Yes | Yes | Yes |
| 📈 Minimum Deposit | $100 | $100 | $10 |
| 📈 Leverage | Up to 1:500 | Up to 1:1000 | Up to 1:Unlimited |
| 📊 Spread (lowest) | From 0.0 pips | From 0.0 pips (Raw) | From 0.0 pips (Raw/Zero) |
| 💰 Commissions | $1.50–$3.50 per lot | $3–3.5 per lot | $0.05–$3.5 per lot |
| ✴️ Margin Call/Stop-Out | 100% / 50% | 100% / 30% | 60% / 0% |
| ✴️ Order Execution | Market execution | Market execution | Instant (Pro), market execution |
| 💳 No-Deposit Bonus | No | Yes | No |
| 📊 Cent Accounts | No | No | Yes |
| 📈 Account Types | ECN (Basic, Classic, Advanced, Elite), PAMM | Classic, Raw, TradingView Raw | Standard, Cent, Pro, Raw, Zero |
| ⚖️ BAPPEBTI Regulation | No | No | No |
| 💳 IDR Deposits | Yes | No | Yes |
| 📊 Indonesia Rupiah Account | No | No | Yes |
| 👥 Customer Service Hours | 24/5 | 24/5 | 24/7 |
| 📊 Retail Investor Accounts | Yes | Yes | Yes |
| ☪️ Islamic Account | Yes (swap-free with commission adjustment) | Yes (swap-free on request) | Yes (swap-free, auto applied) |
| 👉 Open account | 👉Open Account | 👉Open Account | 👉Open Account |
FXOpen Platform Review: Tools, Features, and Usability
Trading platforms define your experience more than spreads or leverage ever could. With FXOpen, Indonesian traders are not limited to only one platform.
Each platform offered by FXOpen suits a different style of trading, but all ensure that traders have market access, reliable speed, and various features.
FXOpen TickTrader
TickTrader offers advanced charting, custom layouts, and direct access to deep liquidity. This unified structure saves effort and delivers reliable execution to Indonesian traders who trade across time zones.
Key Features
- Market depth display with up to 200 levels.
- Advanced order types with slippage and stop-level settings.
- One-click or double-click trade placement.
- Built-in alert system with custom delivery options.
TickTrader is ideal for multi-asset traders in Indonesia who need direct control over order execution and visibility into liquidity.
FXOpen VPS
If your trades rely on algorithms or expert advisors, uptime is non-negotiable. FXOpen’s VPS option ensures your trading remains active even when your personal machine is switched off or your connection isn’t reliable.
Key Features
- 2 GB RAM and 40 GB SSD dedicated environment.
- Windows Server 2012 setup for platform compatibility.
- Free access for clients meeting FXOpen’s monthly equity or volume requirements.
- 24/7 hosting with protection against outages and viruses.
The VPS is ideal for Indonesian traders using automated strategies who cannot afford downtime caused by power cuts or patchy connections.
FXOpen App
The FXOpen App focuses on account management and quick access. The app is for traders in Indonesia who need to manage multiple accounts or transfer funds securely.
Key Features
- Instant funding and withdrawals directly through the app.
- Overview of available and locked balances in real time.
- Integrated Help Centre and live chat support.
- Multi-account management with secure profile controls.
The FXOpen App is ideal for traders in Indonesia who want secure account control without relying on desktop access.
TradingView with FXOpen
TradingView is a platform where you can trade directly with your FXOpen account while tapping into one of the largest online trading communities. Indonesian traders benefit from the combination of social-driven analysis and direct execution.
Key Features
- Hundreds of pre-built studies and 50+ drawing tools.
- Trading alerts powered by Pine Script™ and cloud syncing.
- Direct trade execution from TradingView using FXOpen login.
- Fundamental and technical data for global stock exchanges.
TradingView with FXOpen is ideal for Indonesian traders who value charting depth and want community-driven insights directly tied to execution.
FIX API with FXOpen
FIX API access is a professional-level tool that links your systems directly to liquidity providers.
Key Features
- Direct access to deep liquidity pools.
- Support for all major CFD asset classes.
- Low latency and high stability for large-volume execution.
- Standardised real-time data transmission across systems.
FXOpen FIX API is ideal for advanced Indonesian traders and institutions that require custom-built strategies and large order execution without platform restrictions.
Yes. FXOpen’s VPS has data centers near Asia and offers uptime above 99.9% for latency-sensitive strategies.
Yes. FXOpen integrates TradingView charting via the TickTrader Web Terminal and the client portal.
FXOpen Trading Instruments for Indonesian Traders
Each of FXOpen’s markets connects directly to Indonesia’s trade links, investment flows, and financial realities. Here’s what to expect:
| Market Type | Market Description | Examples/Popular Instruments | Reasons Why Indonesian Traders Should Be Familiar With This Type |
| 📊 Index CFDs | Track baskets of shares from major economies. | S&P 500, Nikkei 225, AUS200 | U.S. indices drive global flows into emerging markets like Indonesia. Japan and Australia are top trade partners, and indices often influence rupiah moves and export demand. |
| 📊 ETF CFDs | Funds covering markets, sectors, or themes. | EEM, LIT, XLE | Emerging market ETFs include Indonesian stocks, meaning global EM flows impact Jakarta. Energy and EV battery ETFs matter because of Indonesia’s coal, gas, and nickel exports. |
| 🏦 Forex CFDs | Major and regional currency pairs. | USDCNH, AUDUSD, USDJPY | China, Australia, and Japan are Indonesia’s biggest partners. These pairs reflect trade costs, capital flows, and investment links that affect the rupiah directly. |
| 🚀 Crypto CFDs | Speculate on digital assets. | BTCUSD, ETHUSD, XRPUSD | Crypto is actively traded in Indonesia. Bitcoin and Ethereum dominate volumes, while XRP ties into interest in cross-border remittance. |
| 🛢️ Commodities CFDs | Metals and energy markets. | Gold, Brent Oil, Natural Gas | Gold has cultural and financial importance in Indonesia. Oil prices shape fuel subsidies and inflation. Gas is central to the energy mix and LNG exports. |
| 📈 Share CFDs | Global company shares. | Apple, Google, Boeing | Apple and Google dominate consumer tech use. Boeing is tied to Indonesia’s fast-growing aviation sector. |
| Minimum Deposit: $100 Regulated by: ASIC Leverage: Up to 1:500 |
What Does FXOpen Charge? Fees Review
Trading with FXOpen in Indonesia is not cost-free, but the structure is transparent. You will face spreads, commissions, overnight charges, and account-related costs. In addition, deposits and withdrawals are not free either. Here is what you can expect:
FXOpen Spreads on Accounts and Instruments
Every FXOpen ECN account starts at 0.0 pips. That’s across Basic, Classic, Advanced, and Elite accounts. The spreads widen during less liquid market hours, which means you can expect movement outside of peak times.
Account Spreads
| Account Type | Minimum Spread |
| Basic ECN | 0.0 pips |
| Classic ECN | 0.0 pips |
| Advanced ECN | 0.0 pips |
| Elite ECN | 0.0 pips |
Spreads on Popular Instruments for Indonesians
FXOpen quotes tight spreads on pairs and instruments that are active among Indonesian traders:
- USDCNH – 0.3 pips
- AUDUSD – 0.0 pips
- SPXm – 0.9 pips
- XTIUSD – 0.04 pips
- Nike (NKE) – 0.2 pips
- IEMG – 0.14 pips
- BTCUSD – 11.600 pips
What are FXOpen’s Commission Fees?
Because all FXOpen accounts are ECN-based with spreads from 0.0 pips, commission fees apply to trades. These charges vary by account type and instrument.
| Account Type | Forex (per lot/side) | Crypto | Commodities | Shares |
| Basic ECN | $3.50 | from 0.08% | 0.005% | 0.1% |
| Classic ECN | $2.50 | from 0.08% | 0.0025% | 0.1% |
| Advanced ECN | $1.80 | from 0.05% | 0.018% | 0.1% |
| Elite ECN | $1.50 | from 0.02% | 0.0018% | 0.1% |
Does FXOpen offer discounts on commission fees?
Yes. On the TickTrader platform, your account balance determines the commission you pay. The higher your balance, the lower your fees.
| Account Balance | Market Orders | Limit Orders |
| Below $1,000 | $3.50 | $3.50 |
| $1,000–$25,000 | $2.50 | $2.00 |
| $25,000–$250,000 | $1.80 | $1.50 |
| Over $250,000 | $1.50 | $1.00 |
Does FXOpen charge swaps?
Yes. FXOpen applies swaps when you hold positions overnight. The swap varies by instrument and whether you are long or short. Triple swaps apply on Wednesdays to cover the weekend. You will see the exact rate in the platform before entering a trade.
FXOpen Swap-Free
Islamic accounts are available. These do not accrue interest swaps but carry a commission charge that replaces the swap. This applies to overnight positions and has been in place for years across ECN Islamic accounts.
Does FXOpen charge deposit or withdrawal fees?
Yes. Both deposits and withdrawals attract percentage-based fees.
| Method | Deposit Fee | Withdrawal Fee |
| Volet | 0.5% | 0.5% |
| Online Banking (IDR) | 2.19% | 1.6% |
| Online Banking (VND) | 3.2% | 2.5% |
| Paypaid | – | 2% |
Will I be penalised for inactive accounts?
Yes. If your account goes inactive, you will pay $10 per month. After a year of no trading, the charge rises to $100 per month. If the balance hits zero or negative, the account will be archived. Reactivation comes with a one-off $50 fee.
FXOpen Payments: Deposits, Withdrawals, and Processing Times
FXOpen accepts local online banking in rupiah (IDR), alongside a few global methods in other currencies. Fees, limits, and processing rules vary depending on the method you choose. Here’s an overview:
| Method | Accepted Currencies | Commission / Fees | Minimum Deposit | Maximum Deposit | Minimum Withdrawal | Maximum Withdrawal |
| Volet | EUR, GBP, USD | 0.5% | 3 EUR / 3 GBP / 3 USD | 1,000,000 EUR / 1,000,000 GBP / 1,000,000 USD | 1 USD / 1 EUR / 1 GBP | 1,000,000 USD / 1,000,000 EUR / 1,000,000 GBP |
| Online Banking (Instant Bank Transfers) | IDR, VND | 2.19% (IDR), 3.2% (VND) deposits; 1.6% (IDR), 2.5% (VND) withdrawals | 100,000 IDR / 100,000 VND | 24,000,000 IDR / 300,000,000 VND | 110,000 IDR / 60,000 VND | 24,000,000 IDR / 300,000,000 VND |
| Paypaid | THB | 2% | – | – | 10 THB | 10,000,000 THB |
How can I deposit to a FXOpen account?
- Log in to your FXOpen account and open the Client Portal.
- Go to “Add Funds” and select “Wire Transfer” or “Bank Transfers / Online Banking (IDR).”
- Choose IDR as your deposit currency.
- Enter the deposit amount.
- FXOpen will display its bank details (bank name, account number, SWIFT/BIC if needed, and intermediary banks if applicable).
- Use your bank’s internet banking or visit a branch to make the transfer using the details provided.
- Include the payment reference code if FXOpen requests it, or upload proof of payment in the portal.
- Wait for the deposit to be processed.
How to withdraw from FXOpen?
- Log in to your FXOpen account and open the Withdraw Funds section in the Client Portal.
- Select Bank Transfer / Wire Transfer / Online Banking (IDR) if available.
- Choose the account (Main or trading) to take funds from.
- Enter the withdrawal amount in IDR.
- Enter your bank account details: account name, bank name, branch, account number, and any local code required by your bank.
- Confirm any currency pocket or conversion if your FXOpen account is not in IDR.
- Approve with your PIN or security code. FXOpen uses two-step confirmation.
- Submit the request. FXOpen’s finance team will review and process.
| Minimum Deposit: $100 Regulated by: ASIC Leverage: Up to 1:500 |
What Education and Research Does FXOpen Provide?
FXOpen gives traders in Indonesia a mix of research tools, learning content, and calculators that make day-to-day trading decisions more accurate.
| Tool | Description | Purpose for Traders |
| 📲 Short Articles | Covers key topics such as ECN trading, CFDs, and the role of a Forex broker. Includes practical guides on leverage, risk, and market access. | Helps Indonesian traders new to Forex and CFDs understand how different account types and strategies impact costs and execution. |
| 🧠 Knowledge Base | A collection of guides, FAQs, and how-tos, covering everything from account verification to deposits, withdrawals, and fees. | Provides Indonesian traders with direct answers to account issues like bank card verification or deposits via Volet, which are relevant for local funding methods. |
| ⚙️ One-Click Trading and Level 2 Plugin | Tool for placing or closing trades instantly with market depth visibility (up to 5 levels). Includes stop loss/take profit settings and VWAP display. | Gives Indonesian traders faster execution during volatile currency moves, with transparency over available liquidity in pairs such as USD/IDR. |
| 📊 Margin and Pip Value Calculator | Calculator for Forex, indices, stocks, and crypto. Inputs include symbol, volume, and leverage, returning margin, pip values, and commission. | Lets Indonesian traders plan position sizing accurately in IDR-linked trades or when using higher leverage levels offered locally. |
| 📰 News & Analysis | Daily coverage of Forex, indices, and crypto markets, plus technical tools like EMA indicator insights and chart patterns. | Keeps Indonesian traders updated on global news while allowing them to connect international events (like US Fed moves) to regional currency pairs. |
| 📅 Economic Calendar | Global schedule of economic releases, speeches, and data points that move Forex and CFD markets. | Lets Indonesian traders prepare for local events (such as Bank Indonesia releases) alongside major global data that affects IDR volatility. |
| 📅 Dividend Calendar | Tracks dividend dates and amounts across equities and indices worldwide. | Assists Indonesian traders in timing equity and index CFD positions around payout dates for instruments linked to UK, US, or Asian stocks. |
FXOpen Partnership Opportunities for Indonesian Traders
FXOpen offers two key partnership routes: the Introducing Broker (IB) programme and PAMM accounts. Both options open up the chance to grow income by connecting with other traders, either through referrals or by sharing your strategies.
Introducing Broker (IB)
Who in Indonesia can join?
- You could qualify as an FXOpen IB if you:
- Have a trading website or online forum.
- Run a financial education platform.
- Manage a community of traders or investors.
- Possess experience in financial markets or online promotion.
- Want to generate passive income by referring clients.
What can IBs earn?
As an IB in Indonesia, you earn commission from every trade your referrals make. FXOpen pays out daily, as long as the total hits $10. The commission ranges from 20% to 50%, depending on performance.
| Tier | Commission Rate |
| 1 | 20% |
| 2 | 22.5% |
| 3 | 25% |
| 4 | 27.5% |
| 5 | 30% |
| 6 | 35% |
| 7 | 40% |
| 8 | 45% |
| 9 | 50% |
How can Indonesians join?
- Open an FXOpen account and access the partner dashboard.
- Get your unique referral link.
- Share your link with your audience.
- Track your results through the partner dashboard.
- Receive commission payouts once your earnings reach $10.
How does client referral work?
When someone registers with FXOpen using your referral link, that client is permanently tied to your IB account. You’ll then earn a commission on their trading activity for as long as they keep trading.
Additional Benefits for partners
- Daily commission payments once the $10 threshold is reached.
- Lifetime revenue on all referred client trades.
- Access to competitive trading conditions for your community.
- Marketing resources, including banners, templates, and landing pages.
- Real-time tracking of client activity through the partner dashboard.
- Support from FXOpen’s global team to grow your IB business.
FXOpen PAMM
What is FXOpen’s PAMM Programme?
PAMM (Percentage Allocation Management Module) allows you to share your trading strategies with investors who want exposure without managing trades themselves. In Indonesia, this is especially relevant for traders who want to scale beyond their own funds or for investors looking for professional management without handing over control of their capital.
How do ratings work?
FXOpen maintains public ratings for Masters (strategy providers) and Followers (investors). These ratings show performance history, drawdowns, account age, and other metrics. Masters with stronger track records and transparency are more likely to attract Followers.
What are the benefits of FXOpen’s PAMM?
- Access to both Master and Follower roles.
- Automatic profit and loss allocation between Master and Followers.
- Transparent public monitoring of strategies.
- Multiple offer structures for different risk levels.
- Opportunity to attract unlimited Followers.
- Protection from non-trading risks between parties.
- Visual performance charts to support informed decisions.
How can I become a Master?
- Open a PAMM account with FXOpen.
- Deposit at least $1,000 (or equivalent).
- Set your trading offer with parameters like fees and risk.
- Showcase your strategy through performance monitoring.
- Build credibility through consistent trading results.
- Attract Followers who link their accounts to your offer.
| Minimum Deposit: $100 Regulated by: ASIC Leverage: Up to 1:500 |
FXOpen Customer Service Channels
| Customer Support | FXOpen Customer Support |
| ⏰Operating Hours | Live chat available 24/5. |
| 🔊Support Languages | Primarily English. |
| 👥Live Chat | Yes, real-time chat support during weekdays. |
| ☎️Email Address | [email protected] (International) |
| 🏆Telephonic Support | International: +64 9 801 0123 . UK: +44 (0) 203 519 1224. EU: +357 25024000 . |
| 📍The overall quality of FXOpen Support | Responsive during operating hours, with multiple regional desks. Coverage is decent, but does not extend into weekends. |
FXOpen Broker Achievements and Recognition
FXOpen has built a track record of recognition across Asia and surrounding regions, receiving industry awards that highlight its ECN model, Islamic account offering, and popularity in markets close to Indonesia.
| 🗓️ Year | 🏅 Award Title | 🌍 Event / Notes |
| 2022 | Innovative Broker of the Year | Traders Union (IAFT Awards) |
| 2021 | Best ECN Broker | International Association of Forex Traders (IAFT Awards) |
| 2012 | Best ECN Broker | Masterforex-V International Trading Academy |
| 2012 | Most Popular Product (ECN MT4) | Shanghai Money Fair, China |
| 2011 | Best Forex Broker, Australasia | World Finance Magazine (Foreign Exchange Awards) |
| 2011 | Best Islamic Forex Broker | IBTimes Trading Awards |
| 2011 | Best South-East Asia Forex Broker | IBTimes Trading Awards |
| 2011 | Best ECN Forex Broker | IBTimes Trading Awards |
| Minimum Deposit: $100 Regulated by: ASIC Leverage: Up to 1:500 |
FXOpen Review Conclusion for Indonesian Traders
FXOpen offers Indonesian traders TickTrader, TradingView, MT4, and MT5, all backed by ECN pricing that starts from 0.0 pips.
Access to forex, crypto, commodities, and indices gives traders plenty of scope to diversify strategies, while local rupiah transfers make funding convenient. The PAMM programme and Islamic account options also stand out for traders looking beyond the basics.
However, FXOpen does not hold a BAPPEBTI licence, which means that Indonesian clients trade under the offshore entity in Nevis without local investor protection.
In addition, deposit and withdrawal fees can be expensive compared to brokers that absorb banking costs, and customer service is only 24/5 rather than 24/7.
Overall, FXOpen is a good option for traders who want ECN execution with multiple account types, platform choice, and a transparent commission model, but only if they weigh the regulatory limitations and extra charges against its trading conditions.
FXOpen Key Pros and Cons for Traders
| 🟢 Pros | 🔴 Cons |
| Choice between ECN account tiers from Basic to Elite | No local Indonesian licence under BAPPEBTI |
| Transparent commission structure with balance-based discounts | International entity in Nevis does not offer investor protection |
| Local IDR deposits and withdrawals supported | Inactivity fees can go up to $100 per month after a year |
| Islamic swap-free options available across ECN accounts | Customer service not available on weekends |
| Tight spreads from 0.0 pips across all ECN accounts |
FXOpen Review Detailed Summary
| Category | Details |
| 🌍 General Information | |
| 🏢 Company Name | FXOpen |
| 📅 Year Founded | 2005-2010 (established date varies by entity) |
| ⚖️ Regulation | FCA (UK), ASIC (Australia), plus regional entities |
| 🌎 Accepts Indonesian Clients | Yes |
| ⚖️ Local Indonesia Regulation (BAPPEBTI / OJK) | No |
| 📂 Account Details | |
| ☪️ Islamic Account Available | Yes (swap-free options) |
| 📊 Demo Account Available | Yes |
| 💰 Minimum Deposit | $1 (~IDR 16,000) for basic account |
| 📲 Deposit & Withdrawal Methods | Credit/Debit Cards, Bank Transfer, Instant Bank Transfer (Indonesia), E-wallets, Crypto options |
| 📉 Trading Features | |
| 📈 Maximum Leverage | Up to 1:500 (depending on account and asset) |
| 📊 Typical Spreads | Float depending on account; approx ~1 pip or lower on Standard |
| ⚡ Scalping Allowed | Yes |
| 🔒 Hedging Allowed | Yes |
| 🛡️ Negative Balance Protection | Yes |
| 📖 Education & Support | |
| 📚 Education for Beginners | Webinars, articles, guides |
| 🗣 Website Languages | English, Bahasa Indonesia, multiple others |
| 📞 Dedicated Indonesia Account Manager | No |
| ⏰ Customer Support Hours | 24/5 |
| 📞 Support Languages | Multilingual (including Indonesian) |
| 🌟 Platforms & Tradable Assets | |
| 📊 Trading Platforms | MetaTrader 4, MetaTrader 5, TradingView, TickTrader |
| ✔️ Crypto Trading Offered | Yes (crypto CFDs available) |
| ✔️ Tradable Assets | Forex, Indices, Commodities, Cryptos, Stocks (CFDs) |
| 🇮🇩 Indonesia-Specific Features | |
| 💵 Local Bank Transfers Supported | Yes (Instant Bank Transfer in IDR) |
| 💰 Minimum Deposit in IDR Equivalent | IDR 100,000 (~$5-$10 depending on method) |
| ✅ IDR-Denominated Account | Not confirmed |
| 📞 Indonesia-Based Customer Support | No |
| 💸 Fees & Costs | |
| 🏦 Deposit Fee | IDR Bank transfer deposit fee ~3.5% (min IDR 2,500) on instant bank method |
| 💵 Withdrawal Fee | ~2% for instant bank withdrawals in IDR |
| ⏳ Inactivity Fee | Not clearly stated publicly |
| 💲 Commission Fee | Depending on account type; some accounts commission-based, others spread-only |
| 🔥 Final Ratings | |
| ⭐ Beginner Friendliness | High (low entry options, local methods) |
| 📊 Platform Quality | Good (MT4/5 + local / global support) |
| 💰 Deposit & Withdrawal Process | Convenient for IDR bank transfers |
| ✅ Trustworthiness | Generally high (regulated in major jurisdictions) |
| 🚀Sign up | 👉Open Account |
References and Sources for This FXOpen Review
Frequently Asked Questions
Deposits in rupiah through online banking attract a 2.19% fee.
Yes, FXOpen includes an economic calendar covering global and local events that can affect the rupiah.
FXOpen highlights pairs tied to Indonesia’s key partners, such as USDCNH, AUDUSD, and USDJPY.
Yes, the FXOpen app allows instant funding and withdrawals directly from a phone.
FXOpen offers leverage up to 1:500 across most ECN accounts.
Processing depends on the method, but online banking in IDR is listed as instant.
The Basic ECN account starts from $100.
Inactive accounts cost $10 per month, and up to $100 after a year.
Applicants complete a quick selfie video or portal check to confirm identity against uploaded documents.
Account base currencies include USD, EUR, and GBP.
Yes, FXOpen live chat operates 24 hours a day, five days a week.
No, accounts under the Nevis entity have no compensation or negative balance protection.
Yes, FXOpen offers crypto CFDs including BTCUSD, ETHUSD, and XRPUSD.
Elite ECN accounts start from $1.50 per lot in forex and 0.02% on crypto.
Withdrawals through online banking start from 110,000 IDR.
No, support phone numbers are global only, with contacts in the UK, EU, and internationally.
Spreads start from 0.0 pips on pairs like AUDUSD, with USDCNH quoted at 0.3 pips.
Yes, Islamic accounts are available with commission charges replacing overnight swaps.
The VPS offers 2 GB RAM, 40 GB SSD, Windows Server 2012, and free access for clients meeting balance or volume requirements.
No, FXOpen operates internationally with no Indonesian office.
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