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Forex Brokers Indonesia

5 Best Copy Trading Platforms in Indonesia

We have researched every angle of the market to find the best copy-trading platforms for Indonesian traders. So that we can provide you with the best advice possible, we have researched the pros and cons of a wide variety of platforms. We have evaluated the usability, dependability, and general performance of each platform after conducting thorough research and testing. In this guide you will learn the following: 

  • What is a copy trading platform for traders in Indonesia?
  • The 5 best brokers that offer copy trading platforms for traders in Indonesia.
  • Frequently asked questions about copy trading platforms in Indonesia.
  • Our Conclusion on the 5 Best Copy Trading Platforms.

 

We have evaluated each platform’s overall performance, dependability, and user experience through rigorous testing and research. We analysed qualitative and quantitative data extensively to arrive at our conclusions.  

We have created our selection by considering important factors including pricing, usability, and customer support. The goal of this guide is to give Indonesian traders the best, most current information possible so that they can make the best decisions for their copy trading strategies. Let’s get started! 

Updated : July 13, 2024

5 Best Copy Trading Platforms in Indonesia – Comparison 

🥇 Broker💰 Minimum Deposit👉 Open an Account🎉 Profit Sharing🔎 Regulatory status
1. ExnessIDR 162,640 or USD 10Open AccountProfit sharing based on strategy provider’s commission, variesFCA, CySEC, FSCA, among others
2. HFMIDR 0 or USD 0Open AccountProfit sharing based on the strategy provider’s commission, variesFCA, CySEC, DFSA, FSCA, among others
3. AvaTradeIDR 1,601,246.24 or USD 100Open AccountProfit sharing based on strategy provider’s commission, variesRegulated by multiple authorities including FCA, ASIC, and Central Bank of Ireland
4. FBSIDR 81,340 or USD 5Open AccountProfit sharing based on strategy provider’s commission, variesIFSC, CySEC, ASIC, and FSCA
5. FXTMIDR 162,640 or USD 10Open AccountProfit sharing based on strategy provider’s commission, variesFCA, CySEC, FSCA, and other authorities

Top 10 Forex Brokers

Broker

Rating

Regulators

Min Deposit

Leverage

Website

1

8/10

ASIC, FSA

$100

1:400

2

9/10

FSCA, FSA, CySEC, FCA, CBCS, FSC (BVI), FSC

$10

1:20000

3

8.4/10

FSA, CySec, FSCA, FSC

$1

1:3000

4

8/10

FCA, IFSC, CySec, ASIC

$5

1:1000

5

8/10

FSCA, FSC, FSA

$10

1:400

6

8.7/10

FSCA, CySEC, FCA, DFSA, FSCA, CMA

$0

1:2000

7

8.5/10

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

$10

1:400

8

8.3/10

IFSC, FSCA, ASIC, CySEC

$1

1:1000

9

8.2/10

SVGFSA

$5

1:500

10

8.1/10

CySEC, ASIC, FSCA

$100

1:500

Top 10 Forex Brokers

Broker

Rating

Min Deposit

Leverage

1

8/10

$100

1:400

2

9/10

$10

1:20000

3

8.4/10

$1

1:3000

4

8/10

$5

1:1000

5

8/10

$10

1:400

6

8.7/10

$50

1:100

7

8.5/10

$10

1:400

8

8.3/10

$1

1:1000

9

8.2/10

$5

1:500

10

8.1/10

$100

1:500

What is a copy trading platform for traders in Indonesia? 

Copy trading platforms in Indonesia have become a vital tool for traders who want to leverage the expertise of more experienced investors. These platforms allow traders to copy the trades of seasoned professionals, creating opportunities to earn profits while lowering the learning curve and time typically needed to master the markets. 

5 Best Copy Trading Platforms in Indonesia Summary

  1. ☑️Exness – Overall Best Copy Trading Platform
  2. ☑️HFM – Several Account Types Available for Different Traders
  3. ☑️AvaTradeBest Regulated Forex Broker
  4. ☑️FBSLow Minimum Deposit Required to Start Trading
  5. ☑️FXTMMassive Range of Markets Across Several Asset Clauses

1. Exness 

Exness review

 

Exness Social Trading is a powerful copy-trading tool that Exness provides to Indonesian traders of all skill levels. If you want to profit from the knowledge of successful traders but don’t have a comprehensive understanding of the market, we found that this platform will let you copy their trades.  

 

To help traders make an educated selection about which strategy providers to follow, they can compare their risk levels and performance indicators. We like that traders can even manage their investments while on the move thanks to the platform’s user-friendliness and seamless integration with PC and mobile apps. 

 

Overall Rating

Min Deposit

159 900 IDR or 10 USD

Regulators

CBCS, CySEC, FCA, FSA, FSC, FSCA, CMA

Trading Desk

MetaTrader mobile, Exness Trade App, Exness Terminal, MetaTrader 5, MetaTrader 4, MetaTrader WebTerminal

Crypto

Yes

Total Pairs

107

Islamic Account

Yes

Trading Fees

Low

Account Activation

24 Hours

 

Traders can keep tabs on their investments with the help of Exness’s real-time updates and comprehensive performance statistics. Copy trades with the ability to specify take profit and stop loss settings provide traders even more control and help them manage risk better. 

 

Unique Features 

📱 Mobile CompatibilityExness mobile app available on iOS and Android, highly rated for usability
💻 Performance Metrics VisibilityComprehensive performance metrics available for strategy providers
📧 Performance HistoryDetailed performance history of strategy providers accessible
🔴 Risk LevelRisk levels clearly indicated for each strategy provider
📜 Number of FollowersLarge number of followers for top strategy providers
💰 Minimum DepositIDR 162,640 or USD 10
🔁 Fee StructureStandard trading fees apply, no additional copy trading fees
🚀 Profit SharingProfit sharing based on strategy provider’s commission, varies
💱 Range of Tradable InstrumentsWide range including forex, commodities, indices, cryptocurrencies
⚙️ Risk Management ToolsIncludes stop loss, take profit, and other risk management tools
✔️ CustomizabilitySome customization available for trade sizes and parameters
📚 Educational MaterialsEducational resources including tutorials, webinars, and articles
🌐 Customer Support24/7 customer support available in multiple languages
🗪 Community and Social FeaturesActive community features like forums and chat rooms
🏛️ Regulatory StatusRegulated by FCA, CySEC, FSCA, among others
⚖️ Fund SecuritySegregated accounts and high security measures
📈 Demo AccountsDemo accounts available for testing the platform
🎉 Open An AccountOpen Account

 

Exness - Copy trading platforms

 

Pros and Cons 

✅ Pros❌ Cons
Exness Social Trading is intuitive and easy to use, suitable for both beginners and experienced traders.Some advanced traders might find the platform’s customization options limited compared to other brokers.
Traders receive real-time performance updates, allowing them to monitor their investments closely.Copy trading inherently carries risks, especially if following high-risk strategy providers.
The platform provides comprehensive performance metrics for each strategy provider, aiding informed decision-making.High market volatility can lead to significant losses, particularly for inexperienced traders.
Exness’s mobile app ensures traders can manage their investments on the go.Traders are reliant on the performance of the strategy providers they follow.
Exness does not charge extra fees for copy trading, only standard trading fees apply.Compared to other brokers, Exness offers fewer educational resources for beginner traders.

 

 

 

Our Insight

Traders in Indonesia have access to a formidable tool that can improve their trading experience and increase their chances of profiting via Exness’s copy trading platform. 

2. HFM 

HFM review

 

HFCopy, the copy trading service offered by HFM (formerly HotForex), is second to none. If you’re an Indonesian trader looking to manage your risk with the help of expert traders, we think this is the platform for you.  

 

Users can follow and copy the trades made by ranked strategy providers on HFCopy. These providers are chosen according to their trading style, risk tolerance, and performance.  

 

Overall Rating

Min Deposit

IDR 0 or USD 0

Regulators

FSCA, CySEC, DFSA, FSA, FCA, FSC, CMA 

Trading Desk

MetaTrader 5, MetaTrader 4, HFM App

Crypto

Yes

Total Pairs

50+

Islamic Account

Yes

Trading Fees

Low

Account Activation

24 Hours

 

With the use of comprehensive performance measures, Indonesian traders can pick the best strategy providers to follow.  

 

The platform guarantees a smooth and user-friendly experience. Further improving the trading experience is the platform’s compatibility with MetaTrader 4 and MetaTrader 5, which provide cutting-edge trading tools and analytics. 

 

Unique Features 

📱 Mobile CompatibilityHFM mobile app available on iOS and Android, user-friendly interface
💻 Performance Metrics VisibilityDetailed performance metrics available for all strategy providers
📧 Performance HistoryComprehensive performance history of strategy providers is accessible
🔴 Risk LevelRisk levels clearly displayed for each strategy provider
📜 Number of FollowersSignificant number of followers for top strategy providers
💰 Minimum DepositIDR 0 or USD 0
🔁 Fee StructureStandard trading fees with possible additional copy trading fees
🚀 Profit SharingProfit sharing based on the strategy provider’s commission, varies
💱 Range of Tradable InstrumentsWide range including forex, commodities, indices, and cryptocurrencies
⚙️ Risk Management ToolsIncludes advanced tools like stop loss, take profit, and more
✔️ CustomizabilityCustomizable trade sizes and parameters
📚 Educational MaterialsExtensive educational resources including webinars and articles
🌐 Customer Support24/7 customer support available in multiple languages
🗪 Community and Social FeaturesActive community features including forums and social trading networks
🏛️ Regulatory StatusRegulated by FCA, CySEC, DFSA, FSCA, among others
⚖️ Fund SecuritySegregated accounts and strong security measures
📈 Demo AccountsDemo accounts available for practice
🎉 Open An AccountOpen Account

 

HFM - Copy trading platforms

 

Pros and Cons 

✅ Pros❌ Cons
HFM’s copy trading service supports a variety of instruments, including forex, commodities, indices, and cryptocurrencies.There may be additional fees associated with using the copy trading service.
Detailed performance metrics help traders select the best strategy providers.Some users might find the interface less intuitive compared to other brokers.
HFM offers accounts with low minimum deposit requirements, making it accessible to new traders.Following high-risk strategy providers can lead to significant losses during volatile market conditions.
The platform includes risk management tools like stop loss and take profit settings.Success depends heavily on the performance of the chosen strategy providers.
HFM is regulated by multiple authorities, providing a secure trading environment.HFM provides fewer educational resources compared to other leading brokers.
The platform is compatible with mobile devices, allowing traders to manage their investments on the go.Inactivity fees may apply if there is no trading activity for a certain period.

 

 

 

Our Insight

We found that the platform offers a varied range of trading opportunities with its support for multiple products, including commodities, indices, cryptocurrencies, and FX. With HFM’s web and mobile apps, traders can easily keep tabs on their investments and make adjustments from any location.  

3. AvaTrade 

Avatrade review

 

The extensive features and easy accessibility of AvaSocial, the copy trading platform from AvaTrade, make it stand out for traders in Indonesia.  

 

We found that AvaSocial is a great option for people who want to profit from the knowledge of experts in the field since it lets users follow and copy the trades of seasoned traders. Trading in cryptocurrencies, equities, commodities, and FX are just a few of the many instruments available on the site.  

 

Overall Rating

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

Yes

Total Pairs

55+

Islamic Account

Yes

Trading Fees

Low

Account Activation

24 Hours

 

Traders can easily manage their portfolios on the go with AvaTrade’s mobile adaptability and user-friendly interface. If traders want to know how each strategy provider has performed and what risks they run, they can get that information on the site.  

 

Unique Features 

📱 Mobile CompatibilityAvaTrade mobile app available on iOS and Android, highly rated for usability
💻 Performance Metrics VisibilityComprehensive performance metrics available for strategy providers
📧 Performance HistoryDetailed performance history of strategy providers accessible
🔴 Risk LevelRisk levels clearly indicated for each strategy provider
📜 Number of FollowersLarge number of followers for top strategy providers
💰 Minimum DepositIDR 1,601,246.24 or USD 100
🔁 Fee StructureTransparent fee structure with no additional copy trading fees
🚀 Profit SharingProfit sharing based on strategy provider’s commission, varies
💱 Range of Tradable InstrumentsWide range including forex, commodities, indices, cryptocurrencies
⚙️ Risk Management ToolsIncludes advanced tools like stop loss, take profit, and others
✔️ CustomizabilityHigh customizability for trade sizes and parameters
📚 Educational MaterialsExtensive educational resources including tutorials, webinars, and articles
🌐 Customer Support24/5 customer support available in multiple languages
🗪 Community and Social FeaturesActive community features like forums and social trading networks
🏛️ Regulatory StatusRegulated by multiple authorities including FCA, ASIC, and Central Bank of Ireland
⚖️ Fund SecuritySegregated accounts and strong security measures
📈 Demo AccountsDemo accounts available for practice and testing strategies
🎉 Open An AccountOpen Account

 

AvaTrade 

 

Pros and Cons 

✅ Pros❌ Cons
AvaSocial offers a powerful copy trading experience with a wide range of instruments.Some accounts require a higher minimum deposit, which may deter new traders.
The platform is easy to navigate, suitable for traders of all levels.Traders rely on the performance of their chosen strategy providers.
AvaTrade provides extensive educational materials, including webinars, tutorials, and market analysis.Copy trading can lead to significant losses, especially with high-risk strategies.
AvaTrade’s mobile app allows traders to manage their investments anytime, anywhere.Advanced traders might find the customization options limited.
AvaTrade doesn’t charge extra fees for copy trading.High market volatility can adversely affect copy trading performance.
AvaTrade is highly regulated, ensuring a secure trading environment.AvaTrade charges fees for inactivity after a certain period.

 

 

 

Our Insight

Tutorials, webinars, and market analysis are just a few of the many tools we found that AvaTrade provides to help traders learn the ropes and become more proficient. The copy trading platform from AvaTrade is a great resource for Indonesian traders because of its powerful features and educational support. 

4. FBS 

FBS review

 

Our research on FBS’s copy trading features revealed that the platform is well-suited to meet the needs of both inexperienced and seasoned Indonesian traders.  

 

For individuals seeking expert coaching as they enter the market, FBS CopyTrade is a great tool to copy the trades made by seasoned investors. Simplifying the process of choosing and following profitable traders, the platform’s user-friendly design boasts an intuitive layout.

 

Traders in Indonesia can gain access to comprehensive performance metrics, such as profitability, risk levels, and historical performance, for every strategy provider.  

 

Overall Rating

Min Deposit

5 USD / 78,476 IDR

Regulators

FSCA, IFSC, ASIC, CySEC, DFSA, FCA

Trading Desk

FBS Trader, MetaTrader 4, MetaTrader 5, CopyTrade

Crypto

Yes

Total Pairs

36

Islamic Account

Yes

Trading Fees

Low

Account Activation

24 Hours

 

Traders can make better choices about who to follow because of this openness. In addition, traders can stay informed about the progress of their investments thanks to the platform’s real-time updates and notifications.  

 

Diversified investment portfolios are possible with FBS’s extensive list of tradable instruments, which includes commodities, indices, cryptocurrencies, and foreign exchange (forex).  

 

Unique Features 

📱 Mobile CompatibilityFBS mobile app available on iOS and Android, user-friendly interface
💻 Performance Metrics VisibilityDetailed performance metrics available for all strategy providers
📧 Performance HistoryComprehensive performance history of strategy providers is accessible
🔴 Risk LevelRisk levels clearly displayed for each strategy provider
📜 Number of FollowersSignificant number of followers for top strategy providers
💰 Minimum DepositIDR 81,340 or USD 5
🔁 Fee StructureStandard trading fees apply, with clear spread and commission structures
🚀 Profit SharingProfit sharing based on the strategy provider’s commission, varies
💱 Range of Tradable InstrumentsWide range including forex, commodities, indices, and cryptocurrencies
⚙️ Risk Management ToolsIncludes advanced tools like stop loss, take profit, and more
✔️ CustomizabilityCustomizable trade sizes and parameters
📚 Educational MaterialsExtensive educational resources including tutorials, webinars, and articles
🌐 Customer Support24/7 customer support available in multiple languages
🗪 Community and Social FeaturesActive community features including social trading networks and forums
🏛️ Regulatory StatusRegulated by IFSC, CySEC, ASIC, and FSCA
⚖️ Fund SecuritySegregated accounts and strong security measures
📈 Demo AccountsDemo accounts available for practice and testing strategies
🎉 Open An AccountOpen Account

 

FBS

 

Pros and Cons 

✅ Pros❌ Cons
FBS offers a highly user-friendly mobile app available on iOS and Android, improving accessibility for traders.FBS may have higher spreads compared to some competitors, which can affect overall trading costs.
The platform provides detailed performance metrics and comprehensive performance history for strategy providers, aiding informed decision-making.The platform charges standard trading fees, which might be less competitive for frequent traders.
FBS has low minimum deposit requirements starting at just $5, making it accessible for traders with limited capital.Some advanced traders might find the customization options limited in comparison to other platforms.
The range of tradable instruments is extensive, including forex, commodities, indices, and cryptocurrencies.The platform might not offer as many unique features or proprietary tools as some of its competitors.
FBS includes advanced risk management tools like stop loss and take profit, which help in controlling trading risks.Regulation by IFSC might not provide the same level of investor protection as top-tier regulators.

 

 

 

Our Insight

Minimal deposit requirements and other low entrance barriers make FBS CopyTrade accessible to a broad audience, which is one of its distinguishing characteristics.  

5. FXTM 

FXTM review

 

Traders in Indonesia now have an easy and quick way to copy the trades of successful investors with FXTM Invest, their copy trading platform. Users can peruse a directory of strategy providers on the site, along with comprehensive information about their trading history, risk assessments, and performance data.  

 

For a well-rounded portfolio, FXTM Invest lets you trade in a wide range of assets, including cryptocurrencies, commodities, indices, and forex.  

 

Overall Rating

Min Deposit

10 USD / 157,151 IDR

Regulators

CySec, FSC

Trading Desk

MT4, MT5, Mobile Trading

Crypto

Yes

Total Pairs

60+

Islamic Account

Yes

Trading Fees

Low

Account Activation

24 Hours

 

Traders can control their accounts and keep tabs on their investments from any location thanks to the platform’s mobile compatibility and intuitive design.  

 

To further assist traders in their pursuit of excellence, FXTM provides a wealth of instructional materials such as webinars, articles, and tutorials.   

 

Unique Features 

📱 Mobile CompatibilityFXTM mobile app available on iOS and Android, user-friendly with good functionality
💻 Performance Metrics VisibilityComprehensive performance metrics available for strategy managers
📧 Performance HistoryDetailed performance history of strategy managers is accessible
🔴 Risk LevelRisk levels clearly indicated for each strategy manager
📜 Number of FollowersLarge number of followers for top strategy managers
💰 Minimum DepositIDR 162,640 or USD 10
🔁 Fee StructureTransparent fee structure with clear spreads and commissions, no hidden fees
🚀 Profit SharingProfit sharing based on the strategy manager’s commission, varies
💱 Range of Tradable InstrumentsWide range including forex, commodities, indices, and cryptocurrencies
⚙️ Risk Management ToolsIncludes advanced tools like stop loss, take profit, and more
✔️ CustomizabilityHigh customizability for trade sizes and copying parameters
📚 Educational MaterialsExtensive educational resources including tutorials, webinars, and articles
🌐 Customer Support24/5 customer support available in multiple languages
🗪 Community and Social FeaturesActive community features including social trading networks and forums
🏛️ Regulatory StatusRegulated by FCA, CySEC, FSCA, and other authorities
⚖️ Fund SecuritySegregated accounts and strong security measures to protect client funds
📈 Demo AccountsDemo accounts available for practice and testing strategies
🎉 Open An AccountOpen Account

 

FXTM

 

Pros and Cons 

✅ Pros❌ Cons
FXTM is regulated by multiple authorities, providing a secure trading environment.There may be additional fees associated with using the copy trading service.
FXTM Invest is easy to use, suitable for traders of all levels.FXTM charges fees for inactivity after a certain period.

 

 

 

Our Insight

For Indonesian traders hoping to improve their trading strategies and potential returns, we found FXTM’s copy trading platform is a great tool because of its rich features and dedication to customer support. 

Conclusion

In our experience, selecting the best copy trading brokers for traders in Indonesia involves weighing both the benefits and potential drawbacks. Brokers like Exness and FBS offer user-friendly platforms with comprehensive performance metrics and detailed histories of strategy providers, making them ideal for both novice and experienced traders.  

 

AvaTrade stands out for its extensive educational resources and strong regulatory oversight, providing a secure environment for traders to grow their skills. HFM and FXTM also offer strong platforms with a wide range of tradable instruments and advanced risk management tools, though their fee structures can be more complex. 

 

Ultimately, the best choice depends on individual trading preferences, risk tolerance, and the need for specific features. Balancing these factors will help Indonesian traders find the right platform to enhance their trading experience.

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Frequently Asked Questions

Is copy trading available for different financial markets besides forex?  

Yes, copy trading is available for various financial markets including stocks, cryptocurrencies, and commodities. The availability may vary by platform. 

 

How can I choose a reliable strategy provider?  

Evaluate strategy providers based on their performance history, risk level, and number of followers. Most platforms provide detailed metrics to help you make an informed decision. 

 

Can I stop copy-trading at any time?  

Yes, you have the flexibility to stop copy trading at any time. You can close your copied trades or discontinue copying a particular signal provider. 

 

What are the benefits of copy trading?  

Copy trading allows you to leverage the expertise of experienced traders, potentially increasing your chances of success. It also saves time as trades are automatically replicated. 

 

What are the risks associated with copy trading? 

Copy trading carries risks, especially if the strategy provider you follow makes poor trading decisions. It’s important to choose providers carefully and understand the potential for losses. 

 

Is copy trading suitable for long-term investments?  

Copy trading can be used for both short-term and long-term strategies. It depends on your investment goals and the signal providers you choose to follow. 

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