Best Forex Brokers in Indonesia
Scam Forex Brokers in Indonesia
5 Best CFD Forex Brokers in Indonesia
The 5 best CFD Forex Brokers in Indonesia revealed. We have explored and tested several prominent CFD brokers for forex trading in Indonesia to identify the 5 best.
This is a complete guide to the 5 best CFD Forex Brokers in Indonesia.
In this in-depth guide you’ll learn:
- What are CFD Forex Brokers?
- Who are the top CFD Forex Brokers, brokers?
- How to choose a forex broker – Compare them side by side against each other.
- Which brokers are best for beginner traders?
- Which broker offers a sign-up bonus for first-time traders?
- Tips for trading CFDs.
And lots more…
So, if you’re ready to go “all in” with 5 best CFD Forex Brokers in Indonesia…
Let’s dive right in…
- Kayla Duvenage
Best CFD Forex Brokers in Indonesia – Comparison
| 🥇 Forex Broker | 🎉 Open An Account | 💳 Minimum Deposit | 📱 IDR-based Account? | 💰 IDR Deposits Allowed? |
| 1. Exness | Open Account | 10 USD / 157,151 IDR | No | No |
| 2. XM | Open Account | 5 USD / 78,575 IDR | No | No |
| 3. AvaTrade | Open Account | 100 USD / 1,571,515 IDR | No | No |
| 4. HFM | Open Account | 0 USD / 0 IDR | No | Yes |
| 5. Pepperstone | Open Account | 0 USD / 0 IDR | No | No |
Top 10 Forex Brokers
Broker
Rating
Regulators
Min Deposit
Leverage
Website
Top 10 Forex Brokers
Broker
Rating
Min Deposit
Leverage
What is the role of a CFD Forex broker?
CFD, an acronym for contract for difference, refers to a trading instrument widely utilised by investors as a means to gain access to the financial markets. Brokers offer these services for widely traded financial assets, including Forex, commodities, and spot metals.
5 Best CFD Forex Brokers in Indonesia (2023)
Exness – Overall, the Best CFD Trading Platform Broker- XM – Best Forex Broker for beginners
- Avatrade – Best MetaTrader 5 / MT5 Forex Broker
- HFM – Best Nasdaq 100 Forex Broker
- Pepperstone – Wide selection of instruments
1. Exness
At Exness, the average spread is recorded at 0.0 pips, while commissions commence at a modest $0.1 a lot, per side.
In addition to providing unlimited leverage and accommodating Muslim clients with a dedicated account, Exness also offers the convenience of a complimentary demo account and the option of an Islamic account. The supported trading platforms include MT4, MT5, and Exness.
Overall Rating
- 4.9/5
Min Deposit
10 USD / 157,151 IDR
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 offers a trading platform that prioritises security and user-friendliness for traders in Indonesia, available on both the MT4 and MT5 platforms. In addition, users are afforded access to favourable trading conditions, characterised by reduced spreads and the availability of Electronic Communication Network (ECN) accounts.
Unique Features
| 📝 Regulation | FSA, CBCS, FSC, FSC BVI, FSCA, CySEC, FCA |
| 📱 Social Media Platforms | Instagram, Facebook, Twitter, YouTube, LinkedIn |
| 📜 OJK Regulation? | No |
| 🔎 Trading Accounts | Standard Account, Standard Cent Account, Raw Spread Account, Zero Account, Pro Account |
| 💻 Trading Platforms | MetaTrader 4, MetaTrader 5, Exness Terminal, Exness Trader app |
| 💸 Minimum Deposit | 10 USD / 157,151 IDR |
| 🔁 Trading Assets | Forex, Metals, Crypto, Energies, Indices, Stocks |
| 🚀 IDR-based Account? | No |
| 💳 IDR Deposits Allowed? | No |
| 💰 Bonuses for Indonesian traders? | No |
| 📊 Minimum spread | From 0.0 pips |
| ✔️ Demo Account | Yes |
| ✔️ Islamic Account | Yes |
| 🎉 Open An Account | Open Account |
Pros and Cons
| ✔️ Pros | ❌ Cons |
| Exness offers free virtual private server (VPS) hosting services. | There aren’t many learning tools for new traders |
| Exness is carefully regulated by a number of well-known groups. | There aren’t as many instruments to trade as with some other companies. |
| Exness has some of the best leverage rates on the forex market. | |
| Exness also has customer service available 24 hours a day, 7 days a week. This makes sure that help is always available. |
2. XM
XM has provided a range of trading options, including foreign currency, commodities, indices, and stock trading, since its inception in 2009. Trading Point of Financial Instruments Pty Ltd. commenced its comprehensive operational activities in the year 2015.
The objective of XM is to provide exceptional and individualised service to every trader in Indonesia. MetaTrader 4 and 5 represent two of the most widely utilised trading platforms offered by XM.
Overall Rating
- 4.7/5
Min Deposit
5 USD / 78,575 IDR
Regulators
FSCA, IFSC, ASIC, CySEC, DFSA
Trading Desk
MetaTrader 4, MetaTrader 5, XM Mobile App
Crypto
No
Total Pairs
57
Islamic Account
Trading Fees
No (Just spread)
Account Activation
Trading Point of Financial Instruments Ltd. (Cyprus) offers a range of trading accounts, including the Shares Account, XM Ultra-Low Account, Standard Account, and Micro Account. This broker offers an Islamic Account option to its clients.
XM provides a trading option with a spread of zero pips and a commission structure that commences at $1 per share. XM provides a range of account options, encompassing a demo account, an Islamic account, and a standard account, featuring a maximum leverage ratio of 1:888.
Unique Features
| 📝 Regulation | FSCA, IFSC, ASIC, CySEC, DFSA |
| 📱 Social Media Platforms | Instagram, Facebook, Twitter, YouTube, LinkedIn |
| 📜 OJK Regulation? | No |
| 🔎 Trading Accounts | Live Account, Base Account, Demo Account, Islamic Account |
| 💻 Trading Platforms | MetaTrader 4, MetaTrader 5 |
| 💸 Minimum Deposit | 5 USD / 78,575 IDR |
| 🔁 Trading Assets | Forex, Precious Metals, Stock CFDs, Indices, Individual Shares, Cryptocurrency, Energies, Commodities |
| 🚀 IDR-based Account? | No |
| 💳 IDR Deposits Allowed? | No |
| 💰 Bonuses for Indonesian traders? | Yes |
| 📊 Minimum spread | From 0.0 pips |
| ✔️ Demo Account | Yes |
| ✔️ Islamic Account | Yes |
| 🎉 Open An Account | Open Account |
Pros and Cons
| ✔️ Pros | ❌ Cons |
| XM is an online broker that operates within a well-regulated framework and has established a reputation for trustworthiness, boasting a substantial client base of over 5 million active users. | The provision of fixed spread accounts is not available. |
| The security of client funds is ensured, and measures are in place to protect investors, thereby instilling confidence in the platform. | Certain limitations are imposed on clients from the United States, Canada, Israel, and Iran. |
| Retail accounts benefit from negative balance protection, which serves as a safeguard against market volatility, shielding investors from potential financial losses. | Dormant retail investor accounts are subject to an inactivity fee. |
| Users have the flexibility to choose from a variety of dynamic account types and trading platforms, catering to their individual preferences and needs. | |
| Since its establishment in 2009, XM has garnered recognition within the industry, receiving multiple prestigious awards. | |
| The platform offers a range of convenient funding options, allowing users to easily deposit funds, and supports various deposit currencies, enhancing accessibility. | |
| Notably, XM does not impose any commissions on deposits or withdrawals, further enhancing the user experience. |
3. AvaTrade
Clients of AvaTrade trading from Indonesia can take advantage of a competitive trading environment, characterised by a low average spread of 0.9 pips on the EUR/USD currency pair and the absence of commission fees.
AvaTrade offers the option for users to open either a demo account or an Islamic account. The maximum leverage ratio for Retail accounts is 1:30, while for Professional accounts it is 1:400.
Overall Rating
- 4.8/5
Min Deposit
100 USD / 1,571,515 IDR
Regulators
ASIC, FSA, CBI, BVI, FSCA, FRSA, CYCES, ISA, JFSA
Trading Desk
MetaTrader 4, MetaTrader 5, Ava Social, Ava Protect, Trading Central
Crypto
Total Pairs
55+
Islamic Account
Trading Fees
Account Activation
AvaTrade provides a diverse range of financial instruments to cater to the preferences of traders. These instruments encompass foreign exchange (FX), commodities (including digital currencies), stocks (including shares and indices), metals (including energies), options (including CFDs and ETFs), bonds (including CDOs and ETNs), and various other investment vehicles.
There is a wide range of over 1250 products that may be traded on various desktop and mobile trading platforms.
Unique Features
| 📝 Regulation | Central Bank of Ireland (CBI), BVI FSC, ASIC, FSCA, JFSA, FFAJ, ADGM, CySEC, ISA |
| 📱 Social Media Platforms | Instagram, Facebook, Twitter, YouTube |
| 📜 OJK Regulation? | No |
| 🔎 Trading Accounts | Retail Account, Professional Account |
| 💻 Trading Platforms | AvaTradeGO, AvaOptions, AvaSocial, MetaTrader 4, MetaTrader 5, DupliTrade, ZuluTrade |
| 💸 Minimum Deposit | 100 USD / 1,571,515 IDR |
| 🔁 Trading Assets | Forex, Stocks, Commodities, Cryptocurrencies, Treasuries, Bonds, Indices, Exchange-Traded Funds (ETFs), Options, Contracts for Difference (CFDs), Precious Metals |
| 🚀 IDR-based Account? | No |
| 💳 IDR Deposits Allowed? | No |
| 💰 Bonuses for Indonesian traders? | Yes |
| 📊 Minimum spread | From 0.0 pips |
| ✔️ Demo Account | Yes |
| ✔️ Islamic Account | Yes |
| 🎉 Open An Account | Open Account |
Pros and Cons
| ✔️ Pros | ❌ Cons |
| AvaTrade demonstrates adherence to regulatory standards in multiple jurisdictions. | Variable spreads are not present within the offered services. |
| The availability of over 1,250 trading instruments spans various financial markets. | The available account options consist of a single retail account and a single professional account. Dormant accounts are subject to inactivity fees. |
| Advanced traders can benefit from a range of valuable trading tools. | Currency conversion costs may be applicable. |
| The platform offers a selection of innovative and robust trading platforms. | Indonesian traders do not have access to a IDR-denominated account or local deposit and withdrawal methods. |
| Indonesian traders can take advantage of AvaTrade’s competitive trading conditions. | |
| AvaTrade presents an Islamic account option and a demo account. | |
| AvaTrade has earned trust and recognition through multiple awards received since its establishment. Traders have access to a variety of trading strategies and opportunities for social trading. |
4. HFM
Traders in Indonesia are invited to engage in trading activities with HFM, a financial institution that provides a spread of 0 pips and charges a round-turn commission ranging from $6 to $8.
At HFM, trading is authorised with a maximum leverage ratio of 1:1,000. In addition, there are Islamic and demo accounts that can be accessed. The MetaTrader 4 (MT4), MetaTrader 5 (MT5), and the HF App exhibit interoperability.
Overall Rating
- 4.8/5
Min Deposit
0 USD / 0 IDR
Regulators
FSCA, CySEC, DFSA, FSA, FCA, FSC, CMA
Trading Desk
MetaTrader 5, MetaTrader 4, HFM App
Crypto
Total Pairs
50+
Islamic Account
Trading Fees
Account Activation
HFM, a CFD broker, offers its clientele the opportunity to engage in trading activities involving commodities and foreign currencies (FX).
Traders have the ability to utilise HFM’s abundant liquidity to implement their preferred trading strategies on fully automated trading platforms, irrespective of their scale or characteristics. This is facilitated by the availability of diverse liquidity providers and spreads.
Unique Features
| 📝 Regulation | FSCA, CySEC, DFSA, FSA, FCA, FSC, CMA |
| 📱 Social Media Platforms | Facebook, Twitter, Telegram, Instagram, YouTube, LinkedIn |
| 📜 OJK Regulation? | No |
| 🔎 Trading Accounts | Micro Account, Premium Account, HFcopy Account, Zero Spread Account, Auto Account |
| 💻 Trading Platforms | MetaTrader 4 and MetaTrader 5 |
| 💸 Minimum Deposit | 0 USD / 0 IDR |
| 🔁 Trading Assets | Forex, Precious Metals, Energies, Indices, Shares, Commodities, Cryptocurrencies, Bonds, Stocks DMA, ETFs |
| 🚀 IDR-based Account? | No |
| 💳 IDR Deposits Allowed? | Yes |
| 💰 Bonuses for Indonesian traders? | Yes |
| 📊 Minimum spread | From 0.0 pips |
| ✔️ Demo Account | Yes |
| ✔️ Islamic Account | Yes |
| 🎉 Open An Account | Open Account |
Pros and Cons
| ✔️ Pros | ❌ Cons |
| The EUR/USD currency pair offers highly competitive spreads starting from 0.9 pips. | HFM only offers a few deposit and withdrawal methods to Indonesian traders |
| A demo account is available for both novice traders seeking to acquire trading skills and experienced traders aiming to evaluate and refine their tactics. | |
| HFM offers a diverse range of asset classes that may be traded by investors. | |
| Traders from Indonesia are provided with convenient access to MetaTrader 4 and 5 platforms, which are available on PCs, mobile applications, and web-based interfaces. |
5. Pepperstone
Pepperstone is widely regarded as one of the leading online trading brokers in the market, with a global customer base spanning over 170 countries and facilitating daily transactions amounting to a substantial $8.3 billion.
By using advanced technological advancements, offering competitive spreads and low latency, facilitating high-speed execution, and providing exceptional customer support that has been recognised with awards, this platform enables traders to gain access to global markets.
Overall Rating
- 4.9/5
Min Deposit
0 USD / 0 IDR
Regulators
ASIC, BaFin, CMA, CySEC, DFSA, FCA, SCB
Trading Desk
MetaTrader 4, MetaTrader 5, cTrader, TradingView
Crypto
Total Pairs
60+
Islamic Account
Trading Fees
Account Activation
The broker has received numerous accolades throughout the years, recognising its provision of optimal trading conditions and its status as a leading forex broker in terms of quality, customer support, and advanced technology.
Unique Features
| 📝 Regulation | Pepperstone |
| 📱 Social Media Platforms | Facebook, Twitter, YouTube, LinkedIn |
| 📜 OJK Regulation? | No |
| 🔎 Trading Accounts | Standard Account, Razor Account, Professional Account, Demo Account, Islamic Account |
| 💻 Trading Platforms | MetaTrader 4, MetaTrader 5, cTrader, TradingView, Myfxbook, Duplitrade |
| 💸 Minimum Deposit | 0 USD / 0 IDR |
| 🔁 Trading Assets | Forex, Indices, Shares, Commodities, Cryptocurrencies, Futures, Options |
| 🚀 IDR-based Account? | No |
| 💳 IDR Deposits Allowed? | No |
| 💰 Bonuses for Indonesian traders? | No |
| 📊 Minimum spread | From 0.0 pips |
| ✔️ Demo Account | Yes |
| ✔️ Islamic Account | Yes |
| 🎉 Open An Account | Open Account |
Pros and Cons
| ✔️ Pros | ❌ Cons |
| Pepperstone Markets is a well-established brokerage firm specialising in Contracts for Difference (CFD) and forex trading. The company implements stringent protocols to secure the protection of client funds and the preservation of investor interests. | The availability of fixed spreads is limited and not easily accessible. • Traders from Indonesia have restrictions in accessing trading accounts denominated in Indonesian Rupiah (IDR). |
| Pepperstone Markets accepts Indonesian traders, offering them the convenience of local deposit and withdrawal alternatives. | The Islamic Account is subject to additional fees. |
| Pepperstone Markets is subjected to stringent regulatory oversight in several jurisdictions worldwide. | The conversion process for the Islamic Account requires traders to submit evidence verifying their place of residence due to geographical restrictions. |
| Trading platforms can be accessible via a wide array of devices, and trading accounts provide favourable conditions for engaging in trading activities. | |
| Retail accounts are furnished with a protective measure to mitigate negative balances, so ensuring the safety of account holders. | |
| Alternative avenues such as social trading are accessible, affording consumers diverse means of participating in trading endeavours. | |
| Moreover, there exists a comprehensive affiliate system that guarantees the establishment of a robust and efficient network of affiliates. |
How to choose the best CFD Forex Brokers in Indonesia
Indonesian traders must evaluate the following components of a CFD Forex broker to decide whether the broker is suited to their unique trading objectives and/or needs.
Regulations and Licenses
This is the first important component that traders must thoroughly evaluate. Reputable brokers are regulated by market regulators such as FCA, ASIC, CySEC, FSCA, and others. Indonesians must beware when dealing with brokers that only have offshore regulations such as FSA, SVG BVI, FSC, and others.
Account Features
Account Features include leverage trading and margin requirements, commissions and spreads, initial deposits, additional features on retail investor accounts, and so on.
Deposits and Withdrawals
Indonesians must evaluate the payment options available, the processing times on withdrawal requests, deposit currencies offered, the withdrawal fee, deposit fees, and minimum withdrawal limits among other trading and non-trading fees.
Range of Markets
The range of markets offered refers to the number and range of tradable instruments that the broker offers. Indonesians must consider what they wish to trade and what is available.
Customer Support
Customer Support is another crucial factor and Indonesians must check the availability of support (trading hours), the quality of support, and the promptness with which the customer support team responds to queries.
Trading Platform
A trading platform is the Indonesian trader’s portal to the financial markets. Traders must ensure that the trading platform has the necessary technical indicators, fundamental analysis, technical analysis, economic calendar, charting, newsfeed, and other tools they may need.
Education and Research
Education and Research come in handy to both novice traders and experienced investors. Education includes some of the following:
eBooks
Trading guides
Trading knowledge on leveraged products
A risk warning on complex instruments
Educational videos
Research can include some of the following:
Trading tools
Commentary
Status of International Markets
Price movements
Market sentiments
Whether there is a volatile market
Exchange Rates
Expert opinions and several other resources can help experienced traders make informed trading decisions.
A closer look at how CFD Forex brokers work
“CFD trading” is the phrase used to describe speculating on financial markets such as shares, currencies, indices, and commodities without owning the underlying assets.
When you trade a CFD, you agree to exchange the difference between an asset’s opening and closing values. Depending on how well you predict the price changes, which could go either way, will determine whether you make a profit or a loss.
Trading CFDs allows for price speculation in either way. You can open a CFD position that profits when the market falls or simulates a regular transaction that profits when the market rises. This is known as selling or going short.
If you anticipate a decrease in Apple’s shares, you could sell a CFD. Despite the fact that you will still trade the price difference between the beginning and end of your position, you will profit if the share price declines and lose money if it rises.
Tips for trading CFDs
CFD trading has a high risk of loss and is not appropriate for all traders. We present you with our top suggestions on how to maximise your chances of success in the CFD markets, keeping in mind that while leverage can significantly boost your chances of profit, it can also greatly magnify your losses.
Practice trading first
Any type of trading involves a high level of risk and is not recommended for complete novices. In light of this, practice trading, education, and training are essential before dabbling in any market. With more practice, you’ll start to discover more about who you are and how you respond to price movement.
Know the markets you trade
You may access CFDs in commodities, indices, and equities, but it’s not always a good idea to dive right in with all three at once.
By consensus, if you concentrate on one of the three first and exclusively trade, you will have a better probability of discovering trading chances. After that, you can choose between the two. Finally, even though you might be prepared to trade all three, many successful traders decide against it.
Even so, the connections between the markets are quite intricate. The amount of leverage you can access is determined by the margin requirements, which vary greatly between asset classes.
The Best Forex Brokers in Indonesia
In this article, we have listed the best brokers that offer CFD trading to Indonesian traders. We have further identified the brokers that offer additional services and solutions to Indonesian traders.
Best MetaTrader 4 / MT4 Forex Broker
Overall Rating
- 4.9/5
Min Deposit
10 USD / 157,151 IDR
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
Overall, Exness is the best MetaTrader 4 broker in Indonesia. Due to its strong regulatory history with numerous authorities and high leverage ratios, Exness is a brokerage firm that many traders appreciate. Because it offers 24/7 customer support, Exness proves to be a good option for Indonesian traders.
Best MetaTrader 5 / MT5 Forex Broker
Overall Rating
- 4.8/5
Min Deposit
100 USD / 1,571,515 IDR
Regulators
ASIC, FSA, CBI, BVI, FSCA, FRSA, CYCES, ISA, JFSA
Trading Desk
MetaTrader 4, MetaTrader 5, Ava Social, Ava Protect, Trading Central
Crypto
Total Pairs
55+
Islamic Account
Trading Fees
Account Activation
Overall, AvaTrade is the best MetaTrader 5 broker in Indonesia. AvaTrade, a reputable brokerage company, offers a broad range of more than 1,250 trading alternatives in numerous financial industry sectors. With a focus on Indonesian traders’ demands, AvaTrade provides attractive trading conditions.
Best Forex Broker for beginners
Overall Rating
- 4.7/5
Min Deposit
5 USD / 78,575 IDR
Regulators
FSCA, IFSC, ASIC, CySEC, DFSA
Trading Desk
MetaTrader 4, MetaTrader 5, XM Mobile App
Crypto
No
Total Pairs
57
Islamic Account
Trading Fees
No (Just spread)
Account Activation
Overall, XM is the best forex trading platform for beginners in Indonesia. With a focus on creating a friendly atmosphere for new traders, XM accepts a wide variety of trading tactics. In order to encourage thorough research and knowledge acquisition in the area of FX trading, XM provides a wide variety of materials.
Best Low Minimum Deposit Forex Broker
Overall Rating
- 4.7/5
Min Deposit
5 USD / 78,476 IDR
Regulators
Financial Services Commission of Mauritius
Trading Desk
Crypto
Total Pairs
61+
Islamic Account
Trading Fees
Account Activation
Overall, Alpari is the best minimum deposit forex trading platform in Indonesia. By using regional methods, Alpari makes it easier for Indonesian traders to make deposits and withdrawals. Alpari provides affordable commissions and competitive spreads. A software program for copy trading is also provided by Alpari, a financial firm that offers a trading application.
Best ECN Forex Broker
Overall Rating
- 4.7/5
Min Deposit
200 USD / 3,143,030 IDR
Regulators
ASIC, CySEC, FSA, SCB
Trading Desk
MetaTrader 4, MetaTrader 5, WebTrader, MetaTrader Mobile, cTrader, cTrader Web, cTrader Mobile
Crypto
Total Pairs
65
Islamic Account
Trading Fees
Account Activation
Overall, IC Markets is the best ECN forex trading broker in Indonesia. A reputable ECN trader with an admirable track record of accomplishments is IC Markets. Hedging, scalping, and other techniques are among the trading tactics that are supported by the brokerage business IC Markets. Additionally, they provide accounts with lower transaction fees, accounts that follow Islamic values, and demo accounts.
Best Islamic / Swap-Free Forex Broker
Overall Rating
- 4.6/5
Min Deposit
50 USD / 785,757 IDR
Regulators
FCA
Trading Desk
MetaTrader 4, Trading Station
Crypto
Total Pairs
7
Islamic Account
Trading Fees
Account Activation
Overall, FXCM is the best Islamic/swap-free forex trading platform in Indonesia. A well-known company on the international market, FXCM specialises in offering services related to retail and institutional foreign exchange (currency) trading. Since its founding in 1999, FXCM has had the honour of being the first Forex broker to be listed on the prestigious New York Stock Exchange (NYSE: FXCM).
Best Forex Trading App
Overall Rating
- 4.7/5
Min Deposit
10 USD / 157,151 IDR
Regulators
CySec, FSC
Trading Desk
MT4, MT5, Mobile Trading
Crypto
Total Pairs
60+
Islamic Account
Trading Fees
Account Activation
Overall, FXTM has the best forex trading app in Indonesia. Along with a variety of cutting-edge trading tools, FXTM offers a choice of three live trading accounts. Any trade account at FXTM entitles you to access a demo account.
Best Forex Rebates Broker
Overall Rating
- 4.7/5
Min Deposit
100 USD / 15,715,150 IDR
Regulators
CySec, FSCA, FCA
Trading Desk
FxPro Trading Platfrom
Crypto
Total Pairs
70+
Islamic Account
Trading Fees
Account Activation
Overall, FxPro is the Best Forex Rebates Broker in Indonesia. FxPro is a brokerage company with operations in the UK that specialises in Straight Through Processing (STP) and Electronic Communication Network (ECN) services.
Retail traders may be eligible to receive monthly direct deposits into their trading accounts of up to 30% in forex cashback rebates.
Best Lowest Spread Forex Broker
Overall Rating
- 4.7/5
Min Deposit
100 USD / 1,555,300 IDR
Regulators
Seychelles FSA, FCA, CySEC, Labuan FSA, FSCA
Trading Desk
MT4, MT5, Tickmill Mobile
Crypto
Total Pairs
62
Islamic Account
Trading Fees
Account Activation
Overall, Tickmill is the best lowest spread forex trading platform in Indonesia. A broker with affordable pricing, Tickmill offers a wide range of supported trading techniques. Account users at Tickmill have access to a variety of funding methods that let them make deposits without incurring any additional fees. Users’ trading actions are made easier by this.
Best Nasdaq 100 Forex Broker
Overall Rating
- 4.8/5
Min Deposit
0 USD / 0 IDR
Regulators
FSCA, CySEC, DFSA, FSA, FCA, FSC, CMA
Trading Desk
MetaTrader 5, MetaTrader 4, HFM App
Crypto
Total Pairs
50+
Islamic Account
Trading Fees
Account Activation
Overall, HFM is the best Nasdaq 100 forex trading platform in Indonesia. HFM offers a low minimum deposit requirement for creating an account, along with a wide selection of educational materials designed to assist new traders. A maximum leverage of 1:1000 is available from HF Markets.
Best Volatility 75 / VIX 75 Forex Broker
Overall Rating
- 4.8/5
Min Deposit
0 USD / 0 IDR
Regulators
FCA, BaFin CySEC, FINMA, DFSA, FSCA, MAS, JFSA, ASIC, FMA, CFTC, NFA, BMA
Trading Desk
MetaTrader 4, IG Platform, ProRealTime (PRT), L2 Dealer, FIX API
Crypto
Total Pairs
80
Islamic Account
Trading Fees
Account Activation
Overall, IG is the best Volatility 75/VIX 75 forex trading platform in Indonesia. The IG Academy is open to enrollment for Indonesian traders. A comprehensive range of cutting-edge trading instruments can be used by seasoned traders.
Best NDD Forex Broker
Overall Rating
- 4.7/5
Min Deposit
100 USD / 1,625,795 IDR
Regulators
ASIC, CySEC, FSCA, FSA, FSC
Trading Desk
MetaTrader 4, MetaTrader 5, IRESS, cTrader, FP Markets App
Crypto
Total Pairs
70+
Islamic Account
Trading Fees
Account Activation
Overall, FP Markets is the best NDD forex trading broker in Indonesia. There are numerous ways to deposit and withdraw money at FP Markets. A well-known Electronic Communication Network (ECN) pricing mechanism, used by FP Markets, is distinguished by competitive and small spreads.
Best STP Forex Broker
Overall Rating
- 4.9/5
Min Deposit
0 USD / 0 IDR
Regulators
FSCA, CySEC, DFSA, FSA, FCA, FSC, CMA
Trading Desk
MetaTrader 4, OANDA Platform, TradingView
Crypto
Total Pairs
45
Islamic Account
Trading Fees
Account Activation
Overall, Oanda is the best STP forex trading broker in Indonesia. There is no requirement for a minimum deposit using Oanda’s powerful trading tools. Oanda offers a selection of reliable and flexible supplemental trading tools.
Conclusion
Overall, trading with a CFD Forex Broker can provide Indonesian traders with enormous returns when careful research is done.
Before using a CFD Trading Platform, traders should have a sound trading plan and risk management approach in place.
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Frequently Asked Questions
How do you trade CFDs successfully?
Learn to trade slowly and recognise your boundaries. Improve your understanding of CFDs and derivative products in general. Determine how much capital you are willing to put at risk. Use both technical and fundamental analysis to keep track of your open positions.
Is CFD trading profitable?
CFDs are complicated instruments that carry a high risk of losing money quickly owing to leverage. Trading CFDs with this supplier results in a loss for 81% of retail investor accounts. You should think about whether you understand how CFDs work and whether you can afford to lose your money.
Is CFD trading good for beginners?
CFD trading might be appealing to new traders, but it also carries significant risks. To begin, novice traders should ensure they grasp the fundamentals of CFD trading, such as leverage, margin, and stop-loss orders. It is also critical to select a trustworthy and licenced CFD broker.
Why is CFD trading so hard?
CFDs are appealing to day traders because they allow them to employ leverage to trade assets that are more expensive to purchase and sell. Because of the absence of industry regulation, probable lack of liquidity, and the necessity to maintain an adequate margin owing to leveraged losses, CFDs can be highly dangerous.
Which is better Forex or CFDs?
The primary distinction between CFD trading and Forex trading is that CFD trading incorporates several sorts of contracts covering a varied variety of markets such as indices, energy, and metals, whereas Forex trading only offers pure currency trading.