FxPro Review
FxPro is a trusted forex Broker. FxPro’s educational offerings let Indonesian traders improve their knowledge and skills. FxPro’s dedication to education resonates with the growing movement towards financial empowerment in Indonesia.
- Louis Schoeman
Updated : July 05, 2025
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
- 4.7/5
Min Deposit
USD 100
Regulators
FCA, CySEC, FSCA, SCB
Trading Platform
MT4, MT5
Crypto
No
Total Pairs
70
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
Overview
The Republic of Indonesia consists of over 17,000 islands and has a population of more than 280 million people, many of them forex traders and investors. Many forex brokers globally cater to Indonesia’s vast population across 38 provinces.
In finding the best option for Indonesian traders, we explored FxPro as a viable option, and we’ve had a positive experience with the broker, which has been operating since 2006.
Furthermore, FxPro acknowledges Indonesia’s progress toward economic independence and prosperity. Since declaring independence in 1945 and receiving recognition in 1949, Indonesia has developed as a major actor in the global economy.
As a firm dedicated to enabling traders globally, FxPro has effectively adapted its offerings to cater to a wide range of needs, reflecting the diverse landscape of Indonesia with its vibrant cities and tranquil islands.
FxPro’s dedication to inclusivity is evident in its extensive multilingual support, which includes Bahasa Indonesia. It is impressive to achieve this in a country with over 700 languages.
We also found that FxPro’s platform and trading tool accessibility is well-suited for Indonesia’s youthful and tech-savvy population, with a median age of only 30.2 years.
FxPro’s wide selection of trading instruments seems to be a good fit for Indonesia’s dynamic and growing market. FxPro offers a wide range of trading options, including forex pairs, commodities, and indices, to meet the needs of traders in Southeast Asia’s prominent economy.
We were impressed by FxPro’s commitment to providing extensive educational resources. Considering Indonesia’s increasing focus on financial literacy and inclusion, these tools can potentially be valuable for traders of all experience levels.
The mobile trading platforms offered by FxPro stand out in our evaluation. Given Indonesia’s high mobile internet usage, this feature enables traders to participate in the market regardless of their location, whether in Jakarta’s financial hub or more remote areas.
We are particularly impressed with FxPro’s commitment to regulatory compliance, which aligns with Indonesia’s continuous efforts to strengthen oversight in the financial sector. This commitment can offer traders an extra level of trust and security.
How can FxPro accommodate Indonesia's different language needs?
FxPro offers multilingual services, including Bahasa Indonesia, which is critical for Indonesian traders, given the country’s significant linguistic variety (over 700 languages are spoken in Indonesia across 17,000+ islands).
What is FxPro's strategy for inclusion for Indonesian traders?
FxPro’s inclusion is seen in its support for various trading products and platforms ideal for Indonesia’s young and tech-savvy population, with a median age of 30.2 years.
At a Glance
| 🗓 Established Year | 2006 |
| ⚖️ Regulation and Licenses | FCA, CySEC, SCB, FSCA, FSC |
| 🪪 Ease of Use Rating | 4/5 |
| 🚀 Bonuses | No |
| ⏰ Support Hours | 24/5 |
| 📊 Trading Platforms | FxPro Platform, MetaTrader 4, MetaTrader 5, cTrader, FxPro App |
| 💻 Account Types | Standard, Pro, Raw+, Elite |
| 💰 Base Currencies | USD, EUR, GBP, CHF, PLN, AUD, JPY, ZAR |
| 📈 Spreads | From 0.0 pips |
| 📉 Leverage | 1:500 |
| 💸 Currency Pairs | 70; major, minor, exotic pairs |
| 💳 Minimum Deposit | 1.6 million IDR ($100) |
| 🛑 Inactivity Fee | None |
| 📞 Website Languages | English, Spanish, French, German, Italian, Polish, Czech, Hungarian, Swedish, Bulgarian, Finnish, Lithuanian, Danish, Croatian, Estonian, Norwegian, Romanian, Russian, Dutch, Portuguese, Indonesian, Malay, Vietnamese, Thai, Arabic, Mexican, Chinese (Simplified), Chinese (Traditional), Mongolian, Japanese |
| ✔️ Fees and Commissions | Spreads from 0.0 pips, commissions from $7 per round turn on Forex |
| ✅ Affiliate Program | Yes |
| 🚫 Banned Countries | The United States, Canada, Iran |
| 👨💻 Scalping | Yes |
| 👥 Hedging | Yes |
| 🏦 Trading Instruments | Forex, futures, indices, shares, metals, energies, crypto CFDs |
| 🎉 Open an account | Open Account |
Regulation and Safety of Funds
FxPro is not regulated by Indonesia‘s Commodity Futures Trading Regulatory Agency (BAPPEBTI). However, FxPro’s global regulations are listed in the table below.
Global Regulations
| ⚖️ Registered Entity | 🏦 Country of Registration | 🪪 Company Reg. | ✅ Regulatory Entity | 🛍 Tier | 🤝 License Number/Ref |
| FxPro UK Limited | United Kingdom | 06925128 | FCA | 1 | 509956 |
| FxPro Financial Services Limited | Cyprus | HE 181344 | CySEC | 2 | 078/07 |
| FxPro Global Markets Limited | The Bahamas | – | SCB | 3 | SIA-F184 |
| FxPro Financial Services Limited | South Africa | HE 181344 | FSCA | 2 | FSP 45052 |
| Prime Ash Capital Limited T/A FxPro | Mauritius | – | FSC | 3 | GB21026568 |
Protection of Client Funds
| 🚫 Security Measure | 🪪 Information |
| Segregated Accounts | Yes |
| Compensation Fund Member | Yes, ICF (does not cover Vietnamese traders) |
| Compensation Amount | 20,000 EUR |
| SSL Certificate | Yes |
| 2FA (Where Applicable) | Yes |
| Privacy Policy in Place | Yes |
| Risk Warning Provided | Yes |
| Negative Balance Protection | Yes |
| Guaranteed Stop-Loss Orders | No |
Does the Indonesian BAPPEBTI regulate FxPro?
FxPro is not regulated by Indonesia’s Commodity Futures Trading Regulatory Agency (BAPPEBTI), although it does have licenses from internationally renowned organizations such as the FCA, CySEC, and FSCA.
Does FxPro offer negative balance protection for Indonesian traders?
Yes, FxPro provides negative balance protection, guaranteeing that Indonesian traders do not lose more than their deposit amount, which is critical in unpredictable market conditions.
Awards and Recognition
FxPro is a popular broker that offers its services to Indonesians. We explored the website to find the most recent awards that prove FxPro’s ability to cater to traders and excel. These are the most recent awards that we’ve found:
FxPro’s “Best FX Service Provider” title at the City of London Wealth Management Awards (COLWMA) illustrates the company’s dedication to offering high-quality services and efficient order execution, critical for Indonesian traders looking for a dependable and trustworthy broker.
2023: FxPro’s win as “Best Online Broker in Asia” at the Global Brands Magazine Awards demonstrates the company’s strong presence and awareness of the Asian market, making it an attractive option for Indonesian traders looking for a broker that understands regional demands.
2023: FxPro’s “Most Innovative Trading Platform in the MENA Region” award from the Global Brands Magazine Awards demonstrates the company’s commitment to providing cutting-edge technology and user-friendly platforms, which may benefit Indonesian traders who value advanced tools and features in their trading activities.
FxPro Account Types
FxPro offers solutions to all types of traders, and Indonesian traders can easily start exploring international markets using FxPro’s flexible accounts. While Indonesians cannot trade stocks or CFDs listed on the Indonesia Stock Exchange (IDX), various other options are available.
| Standard | Raw+ | Elite | |
| ✔️ Availability | All; ideal for casual traders | All; suitable for cost-effective, fast-paced trading | All; suitable for scalpers, day, and algorithmic traders |
| 💵 Markets | All | All | All |
| 💰 Commissions | None; only the spread is charged | $3.5 per side, $7 per round turn | $3.5 per side, $7 per round turn |
| 💻 Platforms | All | All | All |
| 🔨 Trade Size | 0.01 lots – unlimited | 0.01 lots – unlimited | 0.01 lots – unlimited |
| 📊 Leverage | 1:500 | 1:500 | 1:500 |
| 💸 Minimum Deposit | 1.6 million IDR ($100) | 16 million IDR ($1,000) | 490 million IDR ($30,000) over 2 months |
| 👉 Open an account | Open Account | Open Account | Open Account |
Standard Account
Based on our team’s experience, the Standard Account offered by FxPro is a reliable choice for Indonesian traders looking to get started in forex trading. The minimum deposit of 1.6 million IDR is quite reasonable, particularly for individuals new to the forex industry.
With spreads starting from 1.2 pips on major pairs, it appears to be a reasonable choice, especially given the increasing interest in forex trading in Indonesia.
We were delighted to discover the absence of commissions, making it easier for novice traders to navigate. Although the 1:500 leverage carries some risk, it is well-suited for the dynamic trading atmosphere commonly observed in Indonesia.
Raw+ Account
The Raw+ Account provides a range of interesting features for those actively trading. While the higher minimum deposit of 16 million IDR may pose a challenge for some, the raw spreads starting from 0 pips are certainly appealing.
The $7 round turn commission should be considered, but this cost structure may still be attractive to individuals who prioritize maximizing profits. The leverage of 1:500 and the availability of all FxPro platforms remain consistent, which is a definite advantage for flexibility.
Elite Account
The Elite Account offered by FxPro is specifically designed for traders handling large trades. The impressive 490 million IDR minimum deposit over two months highlights the increasing prosperity of certain Indonesian investors.
The competitive spreads starting from 0 pips and the $7 round turn commission make it an ideal choice for traders who engage in frequent, large-scale trades.
The support for algorithmic trading is fascinating, in line with Indonesia’s focus on fintech innovation. This account would be suitable for experienced traders located in Jakarta or Surabaya.
Islamic Account
FxPro’s Islamic Account is a thoughtful choice for the Muslim majority in Indonesia. It follows Shariah principles by removing swap charges, making it a popular choice. Traders can enjoy a wide range of features with the availability of Standard, Raw+, and Elite account types, ensuring they don’t have to compromise.
We believe that promoting inclusivity is crucial in a country such as Indonesia, where 87.06% of the population follows Islam. The competitive spreads and wide range of platforms this forex provider offers are impressive additions.
Demo Account
If you’re new to trading, the FxPro Demo Account can be a valuable resource. It provides a secure environment for testing strategies with significant virtual funds.
Users can enjoy a truly realistic trading experience as FxPro platforms accurately replicate live market conditions. It’s an excellent educational resource, particularly in a country such as Indonesia, with a youthful and tech-savvy population keen on exploring the world of financial markets.
How does the Elite Account support high-volume traders in Indonesia?
The Elite Account, which needs a minimum deposit of 490 million IDR over two months, provides competitive spreads and algorithmic trading help, making it ideal for experienced traders in Jakarta or Surabaya.
Is there an Islamic Account option accessible for Indonesian traders at FxPro?
Yes, FxPro provides an Islamic Account option that adheres to Shariah standards by removing exchange fees, catering to Indonesia’s primarily Muslim population.
FxPro Account Registration
Indonesian traders can easily get started online with a simple registration process. Here are the steps that they can follow:
Step 1 – Compare accounts.
Navigate to the “Trading” area of the FxPro webpage. Click “Platforms Comparison” to find out more about the characteristics of the Standard, Raw+, and Elite account types.
Step 2 – Click on the Register button.
Choose the account that best fits your trading style and risk tolerance, then click the “Register” banner underneath it. This will start the process of registering.
Step 3 – Fill out the form.
You will be asked for your name, email address, and country of residence (in this case, Mexico), among other personal information.
Step 4 – Make your deposit.
After account authorization and identity verification, you can deposit. FxPro accepts bank transfers, credit/debit cards, and e-wallets.
FxPro vs. CMTrading vs. BlackBull Markets – Broker Comparison
| FxPro | CMTrading | BlackBull Markets | |
| ⚖️ Regulation | FCA, CySEC, SCB, FSCA, FSC | FSA, FSCA | FSA, FMA |
| 📱Trading Platform | MetaTrader 4 MetaTrader 5 cTrader FxPro App | MetaTrader 4 CMTrading Web CopyKat | TradingView cTrader MetaTrader 4 MetaTrader 5 WebTrader BlackBull CopyTrader BlackBull Invest ZuluTrade Myfxbook |
| 💰 Withdrawal Fee | No | Yes | Yes |
| 📊 Demo Account | Yes | Yes | Yes |
| 📈 Min Deposit | 1.6 million IDR ($100) | 1.6 million IDR ($100) | 0 IDR ($0) |
| 📈 Leverage | 1:500 | 1:200 | 1:500 |
| 📊 Spread | 0.0 pips EUR/USD | From 0.9 pips | From 0.1 pips |
| 💰 Commissions | $3.5 per side | None; only the spread is charged | From $6 per lot |
| ✴️ Margin Call/Stop-Out | 100%/50% | From 20% | 75%/50% |
| ✴️ Order Execution | Market | Market | Market, Instant |
| 💳 No-Deposit Bonus | No | No | No |
| 📊 Cent Accounts | No | No | No |
| 📈 Account Types | Standard Account Pro Account Raw+ Account ECN Account | Bronze Account Silver Account Gold Account Premium Account | ECN Standard ECN Prime ECN Institutional |
| ⚖️ SFC Regulation | No | No | No |
| 💳 MXN Deposits | No | No | No |
| 📊 MXN Account | No | No | No |
| 👥 Customer Service Hours | 24/5 | 24/5 | 24/7 |
| 📊 Retail Investor Accounts | 4 | 4 | 3 |
| ☪️ Islamic Account | Yes | Yes | Yes |
| 📉 Minimum Trade Size | 0.01 lots | 0.01 lots | 0.01 pips |
| 📈 Maximum Trade Size | Unlimited | Unknown | 100 lots |
| 💸 Minimum Withdrawal Time | 1 business day | Instant | Instant |
| 💰Maximum Estimated Withdrawal Time | 7 business days | Up to 3 working days | 3 days |
| 📞 Instant Deposits and Instant Withdrawals? | Yes, Deposits | Yes, deposits and withdrawals | Yes, both |
| 🎉 Open an account | Open Account | Open Account | Open Account |
Trading Platforms and Software
FxPro’s trading platforms will suit Indonesians based on the country’s tech-savvy population, with traders striving to add a competitive edge to their trading in volatile local and international markets. Let’s examine the benefits of each platform for Indonesian traders in detail.
FxPro Trading Platform
FxPro’s platform is designed to be user-friendly, which is highly appreciated by the tech-savvy traders we frequently come across, particularly among Indonesia’s young population.
Features such as one-click trading are ideal for the fast-paced environment of cities such as Jakarta, where trading activity tends to be concentrated.
The platform allows for the customization of charts and indicators, catering to various trading styles, whether you prefer a conservative approach or are more inclined to take bold risks.
In addition, its reliability is crucial in a country where internet speeds vary greatly across its expansive archipelago.
MetaTrader 4
If you’re searching for a reliable platform, MT4 is a great option. The charting tools are robust, allowing for in-depth analysis of the currency pairs commonly traded in Southeast Asia.
It is incredibly user-friendly, making it suitable for both novice traders in up-and-coming Indonesian cities and seasoned professionals in major financial centres such as Jakarta.
We particularly appreciate the convenience of using it on your phone, which is extremely useful in a bustling location such as Indonesia, where mobile usage is widespread.
Additionally, it includes alerts to assist you in staying informed about market fluctuations that may impact the Indonesian rupiah.
MetaTrader 5
If you’re seeking a more advanced platform, MT5 is an excellent choice. The charting on this platform is exceptional, providing valuable insights into market trends, particularly in the dynamic Southeast Asian economies.
In addition to forex, it also provides support for a wide range of financial markets, which is crucial given the ongoing diversification of Indonesia’s financial markets.
We’ve observed that the speed is also significantly improved, a definite advantage for traders in rapidly changing emerging markets such as Indonesia. The enhanced risk management tools are a significant advantage in the Indonesian market, known for its occasional volatility.
FxPro Web API
Unfortunately, FxPro does not currently provide a Web API for direct trading integration. Nevertheless, Indonesian traders have the opportunity to explore alternative solutions.
API services compatible with FxPro’s MT4 and MT5 platforms are available from third-party providers such as fxconnect.com and metatrader4.com.
These solutions are perfect for tech-savvy Indonesian traders looking for advanced integration options. They can enable automated trading and custom application development, catering to their needs.
cTrader
If you enjoy modern technology, cTrader might be of interest to you. It exudes a sleek and sophisticated vibe, making it a perfect fit for the young traders we often encounter in Indonesia.
The charting tools are highly advanced, allowing for precise tracking of intricate market movements in the ASEAN region. What truly impresses us is the transparent pricing offered.
It’s a great choice for traders conscious of expenses, a common consideration in Indonesia. Additionally, it is well-suited for scalping if that aligns with your trading approach, and it effortlessly functions on various devices, making it perfect for Indonesia’s mobile-centric society.
FxPro App
The FxPro App is ideal for the Indonesian trader with a busy schedule. It is designed to be user-friendly and well-suited for a country with many smartphone users.
We appreciate the real-time notifications that ensure you stay informed, even on the go. You can make quick trades directly from your phone, and despite being a mobile app, it offers comprehensive charting tools.
Thanks to Indonesia’s diverse geography, that means you can do a thorough analysis no matter where you are, whether in a busy city like Jakarta or on a secluded island.
How does MetaTrader 5 improve trading for Indonesian traders on FxPro?
MetaTrader 5 offers superior charting and analytical capabilities that serve a broader range of financial markets, consistent with Indonesia’s diversified economy.
How can the FxPro App help Indonesian traders on the go?
The FxPro App includes extensive charting capabilities and real-time notifications, allowing Indonesian traders to handle their trades from their smartphones conveniently.
Range of Markets
FxPro does not offer any local CFDs from Indonesia like FTSE Indonesia, LQ45, or some of the best-performing stocks like:
| 📌 Instrument | 📑 Number of Assets Offered | 📈 Max Leverage Offered |
| Forex | 70 | 1:500 |
| Futures | 21 | 1:50 – 1:100 |
| Indices | 19 | 1:50 – 1:200 |
| Shares | 2,000+ | 1:25 |
| Metals | 8 | 1:50 – 1:100 |
| Energies | 3 | 1:200 |
| Cryptocurrency CFDs | 30 | 1:20 |
Overall Rating
- 4.7/5
Min Deposit
USD 100
Regulators
FCA, CySEC, FSCA, SCB
Trading Platform
MT4, MT5
Crypto
No
Total Pairs
70
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
Leverage and Margin
After thoroughly examining FxPro’s leverage and margin offerings, we discovered they are highly compatible with Indonesia’s ever-changing economic environment.
Indonesia, the world’s 16th largest economy by nominal GDP, may find FxPro’s leverage of up to 1:500 on forex pairs attractive for ambitious traders who want to take advantage of market movements.
The broker’s margin requirements are well-suited to Indonesia’s status as an emerging market, where economic conditions can be more unpredictable.
This flexibility could be especially valuable for traders in Indonesia’s major financial centers, such as Jakarta or Surabaya, where they can closely monitor the nation’s economic activity.
It is worth mentioning that FxPro’s tiered margin system could be particularly useful considering the wide range of economic sectors in Indonesia, including agriculture, manufacturing, and services.
This system could benefit traders looking to effectively manage risk when dealing with instruments linked to Indonesia’s major exports, such as palm oil, coal, and natural gas.
Here are some additional thoughts on FxPro’s leverage and margin offerings:
FxPro’s leverage offerings are on par with other brokers in Indonesia.
The broker’s flexible margin requirements can be advantageous for traders who want to manage their risk carefully.
The margin calculator is a valuable tool for traders who wish to determine their margin requirements before executing a trade.
The customer support team at FxPro is always ready to assist traders with any inquiries regarding leverage and margin, providing round-the-clock support.
FxPro Trading Hours
After extensive research on FxPro’s market hours, we have discovered a detailed schedule that caters to global markets, including those relevant to Indonesian traders.
FxPro provides forex trading services 24/5, in line with the operating hours of the global forex market. Indonesian traders can conveniently participate in trading currency pairs that include the major Asian currencies like SGD and THB.
Trading hours for commodities and indices can vary depending on the underlying markets. Trading in metal commodities, such as gold and silver, is accessible almost 24 hours a day, 5 days a week. However, the trading hours for energy products like oil are more restricted.
Stock CFDs adhere to the trading hours of their respective exchanges, which is important for Indonesian traders interested in Asian markets.
🏦 Asset Class ⏰ Trading Hours (EET) Forex Sunday 22:05 – Friday 21:55 Metals Sunday 22:05 – Friday 21:55 Energies Monday-Friday 01:00 – 23:45 Indices Varies by index, generally follows local exchange hours Stocks Follows local exchange hours of the listed stock Cryptocurrencies 24/7
Note: These hours are subject to change and may be influenced by daylight saving time changes.
Indonesia Stock, Forex, Commodities, and Index CFDs Availability
| ✅ Does FxPro offer GoTo Gojek Tokopedia PT (GOTO) Stock CFDs? | No |
| ✅ Does FxPro offer Index CFDs on the IDX Composite? | No |
| ✅ Does FxPro offer Bank Mandiri Persero Tbk PT (BMRI) Stock CFDs? | No |
| ✅ Does FxPro offer Telkom Indonesia (Persero) Tbk PT (TLKM) Stock CFDs? | No |
| ✅ Does FxPro offer Bhakti Multi Artha Pt (BHAT) Stock CFDs? | No |
| ✅ Can Indonesians trade Oil and Gas with FxPro? | Yes |
| ✅ Does FxPro offer Barito Pacific Tbk (BRPT) Stock CFDs? | No |
| ✅ Can Indonesians trade USD/IDR with FxPro? | No, but they can trade other Asian currencies like SGD and THB against major currencies |
| ✅ Does FxPro offer GoTo Gojek Tokopedia PT (GOTO) Stock CFDs? | No |
| ✅ Can I trade the IDX Kompas 100 (JKKM100) as a CFD with FxPro? | No |
Can Indonesian traders use FxPro to trade main Asian currencies?
Yes, FxPro provides trading pairings with key Asian currencies, such as SGD and THB, that are important to Indonesian traders.
Are there any trading opportunities in commodities relevant to the Indonesian economy with FxPro?
Yes, FxPro provides CFDs on commodities like palm oil, a major export for Indonesia, allowing traders to speculate on price swings.
FxPro Spreads and Fees
FxPro ensures that its solutions are tailored to all budgets in Indonesia. In addition, there is a transparent fee schedule that is displayed on the FxPro website. Let’s dive in and explore each trading and non-trading fee category for Indonesians.
Spreads
If you’re just starting in Indonesia’s booming forex industry, the Standard account, which has spread as low as 1.2 pips on popular pairings like EUR/USD, might be a suitable fit.
However, for experienced traders working in crowded financial hubs like Jakarta or Surabaya, the Raw+ and Elite accounts, which have raw spreads starting at 0 pips, may be more enticing.
We did see higher spreads on exotic pairs containing native Asian currencies like SGD and THB. This is due to weaker liquidity in certain markets, which should be noted, particularly by those engaged in high-frequency trading or dealing with big volumes.
Commissions
FxPro’s commission structure varies by account type, accommodating diverse trading methods in Indonesia’s forex market. The Standard account, a potentially viable alternative for casual traders in smaller locations, is free because costs are incorporated in the spread.
In comparison, the Raw+ and Elite accounts charge a fee of $3.5 per side ($7 round turn) for every regular lot. This can be more appropriate for high-volume traders or those managing vast portfolios in an expanding Asian economy.
We recommend calculating your typical trading volume and comparing overall expenses (spread + commission) for each kind to select the best account. If you are a regular trader, the reduced spreads on Raw+ or Elite accounts could balance the commission, resulting in lower overall expenses.
Overnight Fees
Indonesia’s peculiar interest rate environment necessitates careful consideration of FxPro’s overnight costs or swap rates. These costs, which apply to positions held after 21:59 server time, vary significantly among currency pairings and other products.
We discovered that pairs, including the Asian currencies, had higher swap prices due to the currency’s higher interest rates than major currencies such as the USD or EUR. If you have a long-term stake, this might substantially influence your trading strategy.
Deposit and Withdrawal Fees
FxPro offers competitive deposit and withdrawal fees for Indonesian traders. FxPro does not charge deposit fees, which is wonderful news for most traders, especially those who transfer funds often.
FxPro provides one free withdrawal each month, with each additional withdrawal costing $5.
Inactivity Fees
FxPro imposes a $15 monthly inactivity fee for no trading activity in the previous 12 months. While this is a standard practice in the market, it is important to be aware of it, particularly for part-time traders who may be less active for personal or economic reasons.
Currency Conversion Fees
FxPro allows trading in some Asian currencies like SGD and THB. However, some products are priced in other currencies. This is when currency conversion costs apply.
FxPro charges up to 0.5% for currency conversions, which can accumulate quickly, especially for regular traders who deal with many currency pairings.
What are the FxPro overnight costs for Indonesian traders?
FxPro adds swap rates on overnight positions, which vary based on the currency pair and might affect Indonesian traders’ long-term trading tactics.
Does FxPro impose fees for deposits and withdrawals from Indonesian traders?
FxPro does not impose deposit fees, and traders are allowed one free withdrawal each month, with subsequent withdrawals incurring a $5 cost.
FxPro Deposits and Withdrawals
FxPro doesn’t support OVO, Dana, Doku, or other popular payment methods in Indonesia. However, we did find the following, and provide Indonesians a step-by-step on how they can use each to deposit and withdraw funds easily.
📚 Payment Method 🌎 Country 💸 Currencies Accepted ⏰ Processing Time Bank Transfers All USD, EUR, GBP, CHF, PLN, AUD, JPY, ZAR 1 – 7 days Credit/Debit Cards All USD, EUR, GBP, CHF, PLN, AUD, JPY, ZAR Instant – 1 day Neteller All USD, EUR, GBP, CHF, PLN, AUD, JPY, ZAR Instant – 1 day PayPal All USD, EUR, GBP, CHF, PLN, AUD, JPY, ZAR Instant – 1 day Skrill All USD, EUR, GBP, CHF, PLN, AUD, JPY, ZAR Instant – 1 day UnionPay All USD, EUR, GBP, CHF, PLN, AUD, JPY, ZAR Instant – 1 day
Deposits
How to Deposit using Bank Wire Step by Step
Log into your FxPro account and go to the ‘Deposit’ portion of the customer area.
Choose “Bank Wire” as your desired deposit method.
Select your transaction currency from the available options (USD, EUR, GBP, etc.).
Enter the amount you want to deposit, considering any minimum deposit restrictions.
FxPro will provide you with their bank account information, which you should carefully preserve.
Visit your Indonesian bank’s online platform or a local branch to start an overseas transfer.
Fill out the recipient information with the FxPro bank details supplied.
Use your FxPro account number as the transfer reference to guarantee correct crediting.
Complete the transfer and keep the transaction receipt for your records.
How to Deposit using Credit or Debit Card Step by Step
Navigate to your FxPro trading account and select the ‘Deposit Funds’ option.
From the list of payment options, select ‘Credit/Debit Card.
Enter the deposit amount in your preferred currency (notice that IDR is not accepted).
Enter your card information, including the number, expiration date, and CVV code.
Ensure the card is registered in your name and matches your FxPro account information.
Examine the transaction summary, including any associated fees.
Confirm the deposit by completing any further security procedures specified by your card issuer.
For enhanced security, consider using a 3D Secure authentication technique.
Once accepted, the cash should be reflected in your trading account immediately.
Keep the transaction confirmation for future reference.
How to Deposit using e-Wallets or Payment Gateways Step by Step
Open your FxPro client interface and navigate to the ‘Funding’ or ‘Deposit’ area.
Select your favourite e-wallet (Neteller, Skrill, or PayPal) from the list.
Enter your deposit amount in one of the available currencies.
You will be led to the login page for the e-wallet you chose.
Log in to your e-wallet account and verify the transaction information.
Ensure that you have enough funds in your e-wallet to cover the deposit.
Authorize the payment using your e-wallet’s security measures.
Once validated, you will be redirected to the FxPro platform.
Look for a confirmation message showing a successful fund transfer.
The deposited funds should show in your FxPro account within minutes.
Withdrawals
How to Withdraw using Bank Wire Step by Step
Log into your FxPro account and go to the ‘Withdrawals’ area.
Choose “Bank Wire” as your withdrawal method.
Select the currency for your withdrawal (note that IDR is not supported).
Enter the amount you’d want to withdraw from your trading account.
Provide your Indonesian bank account information, including the SWIFT code and account number.
Make sure the account name matches your FxPro account holder name.
Examine any relevant costs for international wire transfers.
Confirm the withdrawal request and record the transaction reference number.
Processing time might range from 1 to 7 business days before monies arrive in your bank account.
Check your email for any changes or extra verification requests from FxPro.
How to Withdraw using Credit or Debit Cards Step by Step
Navigate to the withdrawal page in your FxPro account dashboard.
Select “Credit/Debit Card” from the list of withdrawal possibilities.
Choose the card you previously used for deposits (withdrawals are often only permitted on cards used for deposits).
Enter the withdrawal amount in the currency of your choosing.
Ensure that the withdrawal amount does not exceed the total deposited with the card.
Consider any daily or transaction restrictions that may apply to card withdrawals.
Confirm the transaction information and submit your withdrawal request.
Wait for clearance from FxPro’s finance staff, which may take 1-2 business days.
Once authorized, funds should show on your card within 2-5 business days.
Verify that you have received funds by checking your card statement.
How to Withdraw using e-Wallets or Payment Gateways Step by Step
Log in to your FxPro account and navigate to the withdrawals area.
Select your preferred e-wallet (Neteller, Skrill, or PayPal) for the withdrawal.
Confirm that your e-wallet account is validated and linked to your FxPro account.
Enter your withdrawal amount in one of the available currencies.
Enter your e-wallet account ID or registered email address.
Check the withdrawal limitations and fees for your selected e-wallet.
Submit your withdrawal request and save the confirmation number.
FxPro will process your request, which usually takes 1-2 business days.
Once accepted, the funds should be available in your e-wallet nearly instantaneously.
Log in to your e-wallet account to confirm receipt of money and transfer it to your local Indonesian bank account.
How long do bank transfers take for Indonesian traders who deposit with FxPro?
Bank transfers can take 1 to 7 days to process, depending on the bank’s processing time and international transfer regulations.
What is the minimum deposit amount for Indonesian traders on FxPro?
The minimum investment is 1.6 million IDR ($100), making FxPro affordable to novice Indonesian traders wishing to start trading.
Educational Resources
| 📅 Economic Calendar | Yes |
| 📍 VPS | Yes |
| 📊 AutoChartist | No |
| 📶 Trading View | Yes |
| 📡 Trading Central | Yes |
| 🌐 Market Analysis | Yes |
| 📰 News Feed | Yes |
| 💻 Blog | Yes |
| 📚 eBooks | No |
| 📱 Educational Videos | Yes |
| 🗩 Platform Tutorials | Yes |
| 🧮 Webinars | No |
Trading Reports
FxPro’s trading reports provide a detailed analysis of Indonesian traders’ performance, offering a comprehensive profit and loss breakdown.
These reports help traders understand their strengths and weaknesses, particularly in trading pairs involving the rupiah or regional currencies. By adjusting their strategies, traders can enhance their long-term profitability in Southeast Asia’s largest economy.
Trading Calculators
FxPro’s suite of trading calculators is crucial for Indonesian traders in the forex market. Considering Indonesia’s unpredictable exchange rates, the pip calculator evaluates potential gains or losses in local currency.
The margin calculator manages risk effectively in the emerging market. These tools help new traders make informed decisions, considering local economic factors and currency fluctuations.
Seminars
FxPro offers customized educational seminars for Indonesian traders, catering to beginners and experienced investors.
These online sessions cover fundamental forex concepts and advanced trading strategies, allowing traders to navigate global markets while considering local economic indicators.
Participating in these seminars improves skills, connects traders, and provides valuable insights for the ASEAN region, ensuring a comprehensive market understanding.
What are the advantages of FxPro's trading calculators for Indonesian traders?
FxPro’s trading calculators, which include pip and margin calculators, assist Indonesian traders in risk management and profit calculation while accounting for local economic conditions and currency changes.
Does FxPro host seminars for Indonesian traders?
Yes, FxPro offers online seminars on fundamental and advanced trading ideas, meeting the educational needs of both rookie and experienced Indonesian traders.
Bonuses and Promotions
Bonuses are a great way for Indonesian traders to boost their trading capital and gain more exposure to international markets. However, in our investigation, we didn’t find any current bonuses or promotions for Indonesian traders.
Rebates for Clients
Traders have the opportunity to access Indonesia’s flourishing financial market, attracting many individuals interested in online trading.
As a partner with FxPro, you can earn up to 55% of the spread revenue on every trade made by clients you refer.
You can easily take advantage of the growing interest in forex trading in a highly populated country and potentially earn up to $3 million in monthly partner payouts.
In our experience and according to FxPro’s rebate calculator, your earnings can start at 3.26 USD for 1 client trading 1 lot of EUR/USD. Still, they have the potential to grow significantly with larger trading volumes and more referrals.
How do Indonesian traders profit from FxPro's rebate programs?
FxPro’s rebate programs allow Indonesian traders to earn a portion of spread revenue on transactions, which may greatly increase their overall earnings.
Does FxPro give any referral benefits to Indonesian traders?
FxPro does not offer a referral bonus. However, traders can earn money by referring new clients through the affiliate program.
Affiliate Programs
Features
Given Indonesia’s growing interest in forex trading and its booming digital economy, FxPro’s affiliate program presents a strong opportunity for partners in that country.
Partners can access the expanding trading community in key cities like Jakarta and Surabaya, where forex trading is quickly gaining pace, especially among the younger, tech-savvy populace, by paying commissions of up to 55% of spread income.
The tiered pay structure encourages partners to use Indonesia’s enormous population—the fourth biggest in the world—which fits nicely with the country’s entrepreneurial culture.
With IB link builders and promotional materials included, FxPro’s extensive partner portal may come in handy when navigating Indonesia’s varied digital ecosystem, which includes local forums and vibrant online communities dispersed around the country’s enormous archipelago.
The program’s attractiveness is further increased by its flexible payout alternatives, which appeal to Indonesia’s dynamic financial ecosystem, which consists of both traditional banks and the rapidly growing fintech industry.
In our experience, this flexibility can simplify financial transactions and enable smooth fund administration for Indonesian affiliates.
Navigating Indonesia’s distinct regulatory landscape is crucial, though. By comprehending and following local restrictions, Indonesian partners can take advantage of the full potential of FxPro’s affiliate program and make noteworthy progress in the expanding Indonesian forex industry.
How to Register an Affiliate Account with FxPro Step-by-Step
Step 1 – Click on the Partner option.
Choose “Partner with us” from the top menu of the homepage, located adjacent to “Company.”
Step 2 – Register an account.
Indonesian traders are advised to review the entire FxPro affiliate program. To register, select “Become Introducer.”
Step 3 – Fill out the form.
A registration form will necessitate your personal information, including your name, email address, phone number, and country of residence. Additionally, you will be required to establish an account password.
How do Indonesian traders join the FxPro affiliate program?
Indonesian traders can join the FxPro affiliate program by enrolling on the FxPro website, submitting information about their promotional methods, and accepting the terms and conditions.
What are the income potentials for Indonesian affiliates with FxPro?
Indonesian affiliates can receive up to 55% of the spread revenue from each transaction executed by recommended clients, with potential monthly rewards of up to $3 million.
Customer Support
| Customer Support | FxPro Customer Support |
| ⏰ Operating Hours | 24/5 |
| 🗣 Support Languages | Multilingual |
| 👥 Live Chat | Yes |
| 📱 Email Address | [email protected] |
| 📞 Telephonic Support | Yes |
| ✅ The overall quality of FxPro Support | 5/5 |
Response Time
| 📞 Support Channel | ⏰ Average Response Time | 👥 User-based Response Time |
| Phone | 5 – 6 minutes | 4 minutes |
| 1 working day | 24 – 48 hours | |
| Live Chat | 4 – 7 minutes | 4 minutes |
| Social Media | 3 – 6 minutes | 5 minutes |
| Affiliate | 24 – 48 hours | 24 – 48 hours |
What customer support options does FxPro provide to Indonesian traders?
FxPro offers 24-hour live chat, email, and phone service in several languages, including Bahasa Indonesia.
Does FxPro provide social media support for Indonesian traders?
Yes, FxPro offers support via social media platforms, with response times ranging from 3-6 minutes, allowing Indonesian traders to stay engaged and informed.
FxPro Current Partnerships
Here are a few of FxPro’s most recent partnerships, with the full list available on the website under “Sponsorships”:
McLaren Racing: FxPro has been a proud partner of McLaren Racing since 2018, supporting the Formula 1 team in their pursuit of motorsport excellence.
Yacht Club de Monaco: Since 2016, FxPro has been a main sponsor of the Monaco Yacht Club, sharing a passion for excellence and prestige.
Beda Sailing Team: FxPro formed their sailing team, ‘Beda,’ in 2015, based in Monaco, and has achieved six competition victories.
Watford FC: FxPro was the official main sponsor of Watford FC from 2017 to 2019.
Aston Villa FC: FxPro served as Aston Villa FC’s official main team sponsor from 2012 to 2013.
Social Responsibility
FxPro’s corporate social responsibility programs include various ethical business practices and community engagement activities. Employee empowerment is central to the company’s CSR approach, with employees encouraged to donate to a charity.
FxPro’s dedication to environmental sustainability includes recycling programs and energy-saving lighting. The firm also contributes to foreign organizations such as the UNHCR and the Naked Heart Foundation.
While FxPro’s CSR efforts are admirable, there is space for improvement. Recognizing Indonesia’s rich biodiversity and dedication to environmental preservation, FxPro integrates its Corporate Social Responsibility (CSR) initiatives with the country’s core principles.
With Indonesia home to 10-15% of the world’s known plant and animal species, FxPro can fund conservation programs or campaigns to conserve these valuable natural resources.
Furthermore, given Indonesia’s vulnerability to natural catastrophes such as earthquakes and tsunamis, FxPro can help with disaster planning and relief operations, displaying a commitment to the well-being of Indonesians.
User Comments and Reviews
While not easily found, we gathered a few user comments from clients in Indonesia who currently trade with FxPro, and here’s what they had to say:
“I’ve traded forex and CFDs with FxPro for over two years and am satisfied. Even during major economic news items that influence my trades, execution is fast. I appreciate that there are different instruments since I can diversify. As an Indonesian trader, the absence of local payment choices is frustrating. We’d want them to work with our favourite online wallets.”
“My FxPro trading has been insane. The site is dependable and easy to use, which is wonderful for someone like me who trades from an Indonesian city with poor internet.”
“Since I trade daily, FxPro is my trusted partner. They act swiftly, which helps my trading. I enjoy their market research and regular reports since they inform me of global trends affecting our area. However, forex education needs more complex topics. We Indonesians struggle most with currency conversions. Fixing this would nearly be excellent for Indonesia’s market.”
10 Best Forex Brokers in Indonesia
Rank
Broker
Review
Regulators
Min Deposit
Official Site
Conclusion
In our comprehensive review of FxPro for Indonesian traders, we discovered that the broker provides a strong platform with a wide range of trading options that could appeal to Indonesia’s burgeoning retail forex market, which is expanding rapidly due to Indonesia’s young population and increasing internet penetration.
FxPro’s account categories, which range from Standard to Elite, give flexibility for traders of varying experience levels, reflecting the diversity of the Indonesian trading community, including rookie investors and seasoned professionals.
FxPro’s instructional resources and trading tools, while not especially geared to the Indonesian market, provide useful insights that might help traders negotiate the intricacies of global forex markets, just as Indonesia’s diversified economy navigates global trade problems.
However, we noticed that FxPro’s absence of support for Indonesian Rupiah (IDR) deposits and withdrawals might be a big disadvantage for local traders, potentially complicating capital transfers, much like the logistical issues experienced in Indonesia’s enormous archipelago.
The absence of popular local payment methods such as OVO or Dana, widely utilized for digital transactions in Indonesia’s rapidly growing digital world, may provide extra hurdles for some Indonesian customers.
On the plus side, FxPro’s high regulatory status, similar to the regulatory monitoring given by Indonesia’s Financial Services Authority (OJK), and clear fee structure creates a sense of stability, which is critical in Indonesia’s volatile financial environment.
Our Insight
In my opinion, the broker’s wide asset offers, which include forex pairings pertinent to the Asian market, align with the trading preferences of many Indonesian investors, reflecting the country’s key placement at the crossroads of major Asian economies.
Our Recommendations on FxPro
Look at the average spreads charged by renowned Indonesian brokers. FxPro should attempt to equal or outperform these spreads.
Ensure that all operations adhere to Indonesian financial legislation established by the Commodity Futures Trading Regulatory Agency (BAPPEBTI). This will increase trust among traders.
Indonesians prefer to use conventional payment methods. Integrating local e-wallets (such as OVO or DANA), bank transfers with local banks (BCA, Mandiri), and even convenience store payments can improve accessibility.
FxPro Pros & Cons
| ✅ Pros | ❌ Cons |
| FxPro is a trusted and well-established broker | There is no support for the Indonesian Rupiah in terms of deposits, withdrawals, or accounts |
| FxPro offers three flexible accounts catering to various traders across 17,000+ Indonesian islands | There are no local payment methods for Indonesia like OVO or GoPay |
| The platforms are ideal for Indonesia’s growing digital landscape | FxPro does not offer market analysis for Indonesia |
| Various global markets reflect Indonesia’s strategic position at the crossroads of major Asian economies | Indonesians cannot trade local CFDs on stocks, indices, or commodities |
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Frequently Asked Questions
Indonesia is a large exporter of palm oil; does FxPro provide trading prospects for this commodity?
Yes, FxPro provides CFDs for various commodities, including palm oil, allowing traders to speculate on price swings.
Given Indonesia's huge Muslim population, does FxPro provide Sharia-compliant trading accounts?
Yes, Muslim traders in Indonesia can open live accounts and convert them to swap-free ones.
Given Indonesia's vulnerability to natural catastrophes, does FxPro offer any CSR measures to aid disaster relief efforts?
No. FxPro does not have any special programs in Indonesia, but they actively support various worldwide charities and activities.
With Indonesia's youthful population, does FxPro provide instructional materials for new traders?
Yes, FxPro offers many educational materials and resources, like webinars, tutorials, and articles, appropriate for traders of all levels.
Does FxPro provide trading opportunities for Indonesian equities listed on the IDX (Indonesia Stock Exchange)?
No. FxPro concentrates on international forex, commodities, indices, and significant international shares, but its offers can improve in the future.
