Scam Forex Brokers in 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!
- Kayla Duvenage
5 Best Copy Trading Platforms in Indonesia – Comparison
| 🥇 Broker | 💰 Minimum Deposit | 👉 Open an Account | 🎉 Profit Sharing | 🔎 Regulatory status |
| 1. Exness | IDR 162,640 or USD 10 | Open Account | Profit sharing based on strategy provider’s commission, varies | FCA, CySEC, FSCA, among others |
| 2. HFM | IDR 0 or USD 0 | Open Account | Profit sharing based on the strategy provider’s commission, varies | FCA, CySEC, DFSA, FSCA, among others |
| 3. AvaTrade | IDR 1,601,246.24 or USD 100 | Open Account | Profit sharing based on strategy provider’s commission, varies | Regulated by multiple authorities including FCA, ASIC, and Central Bank of Ireland |
| 4. FBS | IDR 81,340 or USD 5 | Open Account | Profit sharing based on strategy provider’s commission, varies | IFSC, CySEC, ASIC, and FSCA |
| 5. FXTM | IDR 162,640 or USD 10 | Open Account | Profit sharing based on strategy provider’s commission, varies | FCA, CySEC, FSCA, and other authorities |
Top 10 Forex Brokers
Broker
Rating
Regulators
Min Deposit
Leverage
Website
Top 10 Forex Brokers
Broker
Rating
Min Deposit
Leverage
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
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
- 4.9/5
Min Deposit
159 900 IDR or 10 USD
Regulators
CBCS, CySEC, FCA, FSA, FSC, FSCA, CMA
Trading Desk
MetaTrader mobile, Exness Trade App, Exness Terminal, MetaTrader 5, MetaTrader 4, MetaTrader WebTerminal
Crypto
Total Pairs
107
Islamic Account
Trading Fees
Account Activation
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 Compatibility Exness mobile app available on iOS and Android, highly rated for usability 💻 Performance Metrics Visibility Comprehensive performance metrics available for strategy providers 📧 Performance History Detailed performance history of strategy providers accessible 🔴 Risk Level Risk levels clearly indicated for each strategy provider 📜 Number of Followers Large number of followers for top strategy providers 💰 Minimum Deposit IDR 162,640 or USD 10 🔁 Fee Structure Standard trading fees apply, no additional copy trading fees 🚀 Profit Sharing Profit sharing based on strategy provider’s commission, varies 💱 Range of Tradable Instruments Wide range including forex, commodities, indices, cryptocurrencies ⚙️ Risk Management Tools Includes stop loss, take profit, and other risk management tools ✔️ Customizability Some customization available for trade sizes and parameters 📚 Educational Materials Educational resources including tutorials, webinars, and articles 🌐 Customer Support 24/7 customer support available in multiple languages 🗪 Community and Social Features Active community features like forums and chat rooms 🏛️ Regulatory Status Regulated by FCA, CySEC, FSCA, among others ⚖️ Fund Security Segregated accounts and high security measures 📈 Demo Accounts Demo accounts available for testing the platform 🎉 Open An Account Open Account
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
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
- 4.8/5
Min Deposit
IDR 0 or USD 0
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
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 Compatibility HFM mobile app available on iOS and Android, user-friendly interface 💻 Performance Metrics Visibility Detailed performance metrics available for all strategy providers 📧 Performance History Comprehensive performance history of strategy providers is accessible 🔴 Risk Level Risk levels clearly displayed for each strategy provider 📜 Number of Followers Significant number of followers for top strategy providers 💰 Minimum Deposit IDR 0 or USD 0 🔁 Fee Structure Standard trading fees with possible additional copy trading fees 🚀 Profit Sharing Profit sharing based on the strategy provider’s commission, varies 💱 Range of Tradable Instruments Wide range including forex, commodities, indices, and cryptocurrencies ⚙️ Risk Management Tools Includes advanced tools like stop loss, take profit, and more ✔️ Customizability Customizable trade sizes and parameters 📚 Educational Materials Extensive educational resources including webinars and articles 🌐 Customer Support 24/7 customer support available in multiple languages 🗪 Community and Social Features Active community features including forums and social trading networks 🏛️ Regulatory Status Regulated by FCA, CySEC, DFSA, FSCA, among others ⚖️ Fund Security Segregated accounts and strong security measures 📈 Demo Accounts Demo accounts available for practice 🎉 Open An Account Open Account
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
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
- 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
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 Compatibility AvaTrade mobile app available on iOS and Android, highly rated for usability 💻 Performance Metrics Visibility Comprehensive performance metrics available for strategy providers 📧 Performance History Detailed performance history of strategy providers accessible 🔴 Risk Level Risk levels clearly indicated for each strategy provider 📜 Number of Followers Large number of followers for top strategy providers 💰 Minimum Deposit IDR 1,601,246.24 or USD 100 🔁 Fee Structure Transparent fee structure with no additional copy trading fees 🚀 Profit Sharing Profit sharing based on strategy provider’s commission, varies 💱 Range of Tradable Instruments Wide range including forex, commodities, indices, cryptocurrencies ⚙️ Risk Management Tools Includes advanced tools like stop loss, take profit, and others ✔️ Customizability High customizability for trade sizes and parameters 📚 Educational Materials Extensive educational resources including tutorials, webinars, and articles 🌐 Customer Support 24/5 customer support available in multiple languages 🗪 Community and Social Features Active community features like forums and social trading networks 🏛️ Regulatory Status Regulated by multiple authorities including FCA, ASIC, and Central Bank of Ireland ⚖️ Fund Security Segregated accounts and strong security measures 📈 Demo Accounts Demo accounts available for practice and testing strategies 🎉 Open An Account Open Account
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
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
- 4.7/5
Min Deposit
5 USD / 78,476 IDR
Regulators
FSCA, IFSC, ASIC, CySEC, DFSA, FCA
Trading Desk
FBS Trader, MetaTrader 4, MetaTrader 5, CopyTrade
Crypto
Total Pairs
36
Islamic Account
Trading Fees
Account Activation
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 Compatibility FBS mobile app available on iOS and Android, user-friendly interface 💻 Performance Metrics Visibility Detailed performance metrics available for all strategy providers 📧 Performance History Comprehensive performance history of strategy providers is accessible 🔴 Risk Level Risk levels clearly displayed for each strategy provider 📜 Number of Followers Significant number of followers for top strategy providers 💰 Minimum Deposit IDR 81,340 or USD 5 🔁 Fee Structure Standard trading fees apply, with clear spread and commission structures 🚀 Profit Sharing Profit sharing based on the strategy provider’s commission, varies 💱 Range of Tradable Instruments Wide range including forex, commodities, indices, and cryptocurrencies ⚙️ Risk Management Tools Includes advanced tools like stop loss, take profit, and more ✔️ Customizability Customizable trade sizes and parameters 📚 Educational Materials Extensive educational resources including tutorials, webinars, and articles 🌐 Customer Support 24/7 customer support available in multiple languages 🗪 Community and Social Features Active community features including social trading networks and forums 🏛️ Regulatory Status Regulated by IFSC, CySEC, ASIC, and FSCA ⚖️ Fund Security Segregated accounts and strong security measures 📈 Demo Accounts Demo accounts available for practice and testing strategies 🎉 Open An Account Open Account
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
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
- 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
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 Compatibility FXTM mobile app available on iOS and Android, user-friendly with good functionality 💻 Performance Metrics Visibility Comprehensive performance metrics available for strategy managers 📧 Performance History Detailed performance history of strategy managers is accessible 🔴 Risk Level Risk levels clearly indicated for each strategy manager 📜 Number of Followers Large number of followers for top strategy managers 💰 Minimum Deposit IDR 162,640 or USD 10 🔁 Fee Structure Transparent fee structure with clear spreads and commissions, no hidden fees 🚀 Profit Sharing Profit sharing based on the strategy manager’s commission, varies 💱 Range of Tradable Instruments Wide range including forex, commodities, indices, and cryptocurrencies ⚙️ Risk Management Tools Includes advanced tools like stop loss, take profit, and more ✔️ Customizability High customizability for trade sizes and copying parameters 📚 Educational Materials Extensive educational resources including tutorials, webinars, and articles 🌐 Customer Support 24/5 customer support available in multiple languages 🗪 Community and Social Features Active community features including social trading networks and forums 🏛️ Regulatory Status Regulated by FCA, CySEC, FSCA, and other authorities ⚖️ Fund Security Segregated accounts and strong security measures to protect client funds 📈 Demo Accounts Demo accounts available for practice and testing strategies 🎉 Open An Account Open Account
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.
you might also like: Best MT4 Brokers
you might also like: Best MT5 Forex Brokers
you might also like: Best Social Trading Platforms
you might also like: Best CFD Forex Brokers
you might also like: Forex Trading for Beginners
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.
