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Forex Brokers Indonesia

5 Best Forex Trading Apps in Indonesia

The 5 Best Trading Apps in Indonesia revealed. We tested the best forex trading apps for Indonesian traders.

This is a complete guide to forex trading apps in Indonesia.

In this in-depth guide you’ll learn:

  • What is a Trading App?
  • What is the difference between forex and stock trading apps?
  • How to compare the best mobile apps against each other. 
  • Which Trading Apps are best for beginner Indonesia Traders? 
  • Which trading app offers a sign-up bonus for first-time traders in Indonesia? 
  • Best stock trading mobile apps
  • Which trading app offers a mobile app on IOS and Android for Indonesian traders? 


And lots more…

So if you’re ready to go “all in” with the best-tested forex trading apps

Let’s dive right in…

Updated : February 16, 2024

5 best Forex trading apps in Indonesia – Comparison 

🥇 Forex Broker🎉 Open An Account💳 Minimum Deposit📱 IDR-based Account?💰 IDR Deposits Allowed?
1. Exness Mobile AppOpen Account10 USD / 157,151 IDRNoNo
2. Pepperstone cTrader appOpen Account0 USD / 0 IDRNoNo
3. Axi Copy Trading AppOpen Account0 USD / 0 IDRNoYes, bank transfers
4. Markets.com proprietary trading appOpen Account100 USD / 1,571,515 IDRNoNo
5. IG Trading AppOpen Account0 USD / 0 IDRNoNo

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 Forex trading app? 

A Forex trading app refers to a mobile application that facilitates the trading of currencies in the Forex market or provides valuable information to enhance the user’s ability to make well-informed trading choices. 

5 best Forex trading apps in Indonesia Summary

  1. ✔️Exness – Regulated by Multiple Regulators Across Different Regions
  2. ✔️Pepperstone – Wide selection of instruments
  3. ✔️Axi – Offers a Free Demo Account for Beginner Traders
  4. Markets.com – Offers reliable trading solutions
  5. IG Best Volatility 75 / VIX 75 Forex Broker

1. Exness Mobile App 

Exness review

 

The Exness mobile trading app encompasses all the necessary trading functionalities that are considered important for engaging in online trading activities inside the Indonesian Forex market. Exness has ensured a consistent user experience across both its mobile and desktop platforms. 

 

This measure guarantees a seamless transition for traders in Indonesia when switching between different platforms. 

 

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

 

The Exness app offers users the convenience of a rapid access system, while also streamlining the process of managing their accounts. The Exness mobile app has been enhanced with the implementation of a live chat support feature, which is worthy of recognition. 

 

In the event that a problem arises that hampers your trading operations prior to, during, or subsequent to trading, you have the option to swiftly reach out to the support team for assistance. 

 

Unique Features 

📝 RegulationFSA, CBCS, FSC, FSC BVI, FSCA, CySEC, FCA
📱 Social Media PlatformsInstagram, Facebook, Twitter, YouTube, LinkedIn
📜 OJK Regulation?No
🔎 Trading AccountsStandard Account, Standard Cent Account, Raw Spread Account, Zero Account, Pro Account
💻 Trading PlatformsMetaTrader 4, MetaTrader 5, Exness Terminal, Exness Trader app
💸 Minimum Deposit10 USD / 157,151 IDR
🔁 Trading AssetsForex, Metals, Crypto, Energies, Indices, Stocks
🚀 IDR-based Account?No
💳 IDR Deposits Allowed?No
💰 Bonuses for Indonesian traders?No
📊 Minimum spreadFrom 0.0 pips
✔️ Demo AccountYes
✔️ Islamic AccountYes
🎉 Open An AccountOpen Account

 

Exness Mobile App

 

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. Pepperstone cTrader app 

Pepperstone review

 

The cTrader app provides a high-quality mobile trading platform, enabling traders from Indonesia to engage in the buying and selling of various global assets, including foreign exchange, precious metals, crude oil, market indexes, equities, and exchange-traded funds (ETFs). 

 

Overall Rating

Min Deposit

0 USD / 0 IDR

Regulators

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

Trading Desk

TradingView, MetaTrader 4, MetaTrader 5, cTrader, Capitalise.ai

Crypto

Yes

Total Pairs

70+

Islamic Account

Yes

Trading Fees

Low

Account Activation

24 Hours

 

To gain access to a diverse array of order types, advanced technical analysis tools, price alerts, trade statistics, advanced order management settings, symbol watchlists, and various customization options for the mobile trading platform, users can log in using their Apple, Facebook, or Google account, or alternatively, their cTrader ID. 

 

Unique Features 

📝 RegulationPepperstone
📱 Social Media PlatformsFacebook, Twitter, YouTube, LinkedIn
📜 OJK Regulation?No
🔎 Trading AccountsStandard Account, Razor Account, Professional Account, Demo Account, Islamic Account
💻 Trading PlatformsMetaTrader 4, MetaTrader 5, cTrader, TradingView, Myfxbook, Duplitrade
💸 Minimum Deposit0 USD / 0 IDR
🔁 Trading AssetsForex, Indices, Shares, Commodities, Cryptocurrencies, Futures, Options
🚀 IDR-based Account?No
💳 IDR Deposits Allowed?No
💰 Bonuses for Indonesian traders?No
📊 Minimum spreadFrom 0.0 pips
✔️ Demo AccountYes
✔️ Islamic AccountYes
🎉 Open An AccountOpen Account

 

Pepperstone cTrader app

 

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.

 

3. Axi Copy Trading App

Axi review

 

The Axi copy trading app, which was created in partnership with Pelican Exchange Ltd, enables traders in Indonesia to identify globally renowned traders and replicate their transactions in real time across various financial instruments such as forex, commodities, indices, and shares.  

 

This functionality is seamlessly integrated with the MetaTrader 4 platform, allowing users to execute these replicated trades on their accounts. 

 

Overall Rating

Min Deposit

0 USD / 0 IDR

Regulators

FSA, FCA, ASIC, DFSA

Trading Desk

Autochartist, MT4 WebTrader, MT4 NexGen, Axi platform

Crypto

Yes

Total Pairs

66

Islamic Account

Yes

Trading Fees

Low

Account Activation

24 Hours

 

One can exploit trading chances without the need for extensive market research, analysis of charts, or identification of trends. This can be achieved by opting to follow accomplished traders who possess confirmed performance records, and afterwards replicating their trading activities. 

 

Using the app, Indonesian traders can maintain oversight over the traders and methodologies employed. Examine a comprehensive record of past performances and choose traders who align most effectively with your financial goals. Traders can be filtered based on many objectives, including profitability, risk tolerance, and asset type. 

 

Unique Features 

📝 RegulationASIC, SVG, FCA, FMA, DFSA
📱 Social Media PlatformsTelegram, Facebook, Twitter, YouTube, LinkedIn
📜 OJK Regulation?No
🔎 Trading AccountsStandard Account, Pro Account, Elite Account, Demo Account, Islamic Account
💻 Trading PlatformsMetaTrader 4
💸 Minimum Deposit0 USD / 0 IDR
🔁 Trading AssetsForex, Share CFDs, Indices, Commodities, Oil, Precious Metals, Cryptocurrency CFDs, CFDs
🚀 IDR-based Account?No
💳 IDR Deposits Allowed?Yes, bank transfers
💰 Bonuses for Indonesian traders?No
📊 Minimum spreadFrom 0.0 pips
✔️ Demo AccountYes
✔️ Islamic AccountYes
🎉 Open An AccountOpen Account

 

Axi Copy Trading App

 

Pros and Cons

✔️ Pros❌ Cons
The Axi system, which is subject to many regulations, consists of three Tier-1, one Tier-2, and one Tier-3 rules.An account inactivity fee is applicable.
MetaTrader 4, a widely accessible trading platform, offers various extensions including MyFXBook, AutoChartist, and additional features.Charges are imposed for both deposits and withdrawals.
Axi offers novice traders the opportunity to attend a complete trading academy, enabling them to acquire a solid understanding of the foundational principles of trading and refine their trading abilities.The availability of the demo account is limited to a duration of 30 days.
Indonesian traders who choose to open accounts are not subjected to any account fees, and they are provided with the opportunity to engage in social trading.

 

4. Markets.com proprietary trading app 

Markets.com review

 

The Markets.com app offers trading options for cryptocurrencies, which is notably lacking in the platforms of many competitors in the Indonesian market, including currency pairs, indices, and commodities.  

 

Additionally, Markets.com offers a range of exclusive blended products. Blends refer to portfolios consisting of a collection of stocks that are combined to represent a shared theme, which may or may not be associated with certain market movements or events.  

 

Overall Rating

Min Deposit

100 USD / 1,571,515 IDR

Regulators

ASIC, CySEC, FSCA, FCA, BVI FSC

Trading Desk

MarketsX, Marketsi, MT4, MT5, MarketsX App

Crypto

Yes

Total Pairs

57

Islamic Account

Yes

Trading Fees

Low

Account Activation

24 Hours

 

When Indonesian traders engage in investments in the company’s mixes, they acquire exposure to several shares across diverse industries within a single product. 

 

Unique Features 

📝 RegulationASIC, CySEC, FSCA, FCA, BVI FSC
📱 Social Media PlatformsFacebook, Twitter, YouTube, LinkedIn
📜 OJK Regulation?No
🔎 Trading AccountsMarketsX Account, Marketsi Account
💻 Trading PlatformsMarketsX, Marketsi, MetaTrader 4, MetaTrader 5, MarketsX App
💸 Minimum Deposit100 USD / 1,571,515 IDR
🔁 Trading AssetsShares, Bonds, Cryptocurrencies, Forex, Primary CFDs, ETFs, Indices, Blends, Commodities
🚀 IDR-based Account?No
💳 IDR Deposits Allowed?No
💰 Bonuses for Indonesian traders?No
📊 Minimum spreadFrom 0.0 pips
✔️ Demo AccountYes
✔️ Islamic AccountYes
🎉 Open An AccountOpen Account

 

Markets.com proprietary trading app 

 

Pros and Cons

✔️ Pros❌ Cons
Markets.com offers reliable trading solutions across several devices.Indonesian traders lack domestic options for depositing or withdrawing funds.
Markets.com is subject to regulation by several reputable organisations.Dormant accounts are subject to penalties for inactivity.
The spreads in this context are characterised by their narrowness and competitiveness.The commission structure of the Share Dealing account may cause confusion among inexperienced traders.
A diverse array of financial items is accessible for trading.The Indonesian Rupiah (IDR) is not eligible to be utilised as the fundamental currency.
Markets.com provides a guarantee of client funds and implements measures to safeguard the interests of investors.
Indonesian traders experience a high level of customer service that is both attentive and prompt.
Commission-free trading is available.
Advanced traders are granted the privilege of utilising an extensive array of trading tools.

 

5. IG Trading App 

IG review

 

The IG trading app is widely regarded as one of the top Forex trading applications available in Indonesia.  

 

This software offers users the opportunity to access a vast range of over 17,000 global markets, including various asset classes such as foreign exchange, equities, indices, options, commodities, and other financial instruments.  

 

Moreover, the IG trading app allows individuals to conveniently engage in trading activities while on the move.  

 

Overall Rating

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

Yes

Total Pairs

80

Islamic Account

Yes

Trading Fees

Low

Account Activation

24 Hours

 

In addition, users will be provided with interactive charts, up-to-date news, automated trading alerts, and real-time indications. Indonesian traders have the opportunity to leverage privileged data and analysis, which includes real-time rates accessible prior to logging into the system. 

 

Various methods are available for individuals to engage in spread betting or trading contracts for difference (CFDs) on commodities, as well as engage in the buying and selling of shares, stock indexes, and currencies. Additionally, individuals have the opportunity to directly purchase equities. 

 

Unique Features 

📝 RegulationFCA, BaFin CySEC, FINMA, DFSA, FSCA, MAS, JFSA, ASIC, FMA, CFTC, NFA, BMA
📱 Social Media PlatformsFacebook, Twitter, YouTube, LinkedIn
📜 OJK Regulation?No
🔎 Trading AccountsIG Trading Account, Limited Risk Account, Islamic Account (Dubai traders only), Demo Account
💻 Trading PlatformsMetaTrader 4, IG Platform, ProRealTime (PRT), L2 Dealer, FIX API
💸 Minimum Deposit0 USD / 0 IDR
🔁 Trading AssetsForex, Indices, Shares, Commodities, Cryptocurrencies, Futures, Options
🚀 IDR-based Account?No
💳 IDR Deposits Allowed?No
💰 Bonuses for Indonesian traders?No
📊 Minimum spreadFrom 0.0 pips
✔️ Demo AccountYes
✔️ Islamic AccountYes (Dubai customers only)
🎉 Open An AccountOpen Account

 

IG Trading App 

 

Pros and Cons

✔️ Pros❌ Cons
When Indonesian traders become members of IG, they have the ability to utilise a variety of trading techniques.The minimum deposit requirement is quite high.
Islamic traders are provided with the opportunity to establish Islamic accounts.There are costs associated with making deposits.
The IG Academy is accessible to individuals who are new to the subject matter.Only traders from Dubai are eligible for the Islamic account.
Advanced traders are provided with an extensive array of advanced trading tools.There is a restricted selection of payment options available for both deposits and withdrawals.
IG is an online broker that operates under multiple regulatory frameworks and offers a diverse range of assets. It has achieved a high level of confidence in Indonesia, as seen by its top trust ratings in the country.

 

How to choose the best Forex trading apps in Indonesia

How to choose the best Forex trading apps in Indonesia

 

Indonesian traders must evaluate the following components of a forex trading app 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 with only 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. 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 other resources can help experienced traders make informed decisions. 

What is the difference between forex and stock trading apps?

What is the difference between forex and stock trading apps?

 

Forex and stock trading apps serve as powerful tools for online trading, yet they exhibit distinct differences. Forex apps primarily enable the trading of foreign currencies within the dynamic foreign exchange market, which operates 24/5 globally.

 

In contrast, stock trading apps are tailored for the buying and selling of shares in publicly traded companies, often adhering to set trading hours with a focus on a company’s fundamentals.

 

Forex trading often involves shorter timeframes, higher leverage, and a keen eye on macroeconomic events.

 

Stock trading encompasses diverse strategies, including long-term investing, and adheres to stringent regulations, prioritizing company performance and economic trends.

 

The choice between these apps hinges on individual trading preferences, financial goals, and the specific assets of interest.

How to start trading on a Forex mobile app 

Time is money in the foreign exchange market. That’s why it’s crucial to streamline the trading process so that it’s quick, easy, and doesn’t require much preparation. 

 

You can use this app for anything from market analysis and news updates to currency exchange rates and more, whether you’re a seasoned trader or just starting out in the Forex market.  

 

Foreign exchange trading on mobile devices is a high-growth but high-risk industry. You can make money with just a smartphone and an app if you follow these 6 easy steps. 

 

➡️ Step 1 – Install the app on your device 

Most mobile trading apps are quite straightforward. You don’t need any sort of technical knowledge to operate these apps. They are mostly compatible with Windows and iOS.  

 

➡️ Step 2 – Create a trading account 

You can choose between a demo account and a real money account. This practice account is for educational purposes only. Before beginning trading with real money, you should practise on the demo account for as long as you like. In contrast to the practise mode, the live account actually allows you to trade with real money. 

 

Opening a demo account with a broker is the first step in learning how to trade. The foreign exchange market is open for business once you have a sample account set up. Finding a trustworthy broker is crucial at the outset. 

 

Before deciding on a broker, it’s a good idea to do some research. You should check the broker’s reputation before working with them. 

 

➡️ Step 3 – Start trading Forex 

Once you have become comfortable in a demo account you can launch your live account in the app and start trading Forex on the go.  

Tips for trading Forex successfully on a Forex trading app 

Tips for trading Forex successfully on a Forex trading app 

 

Plan ahead 

It is important to have a solid trading strategy laid out before making any trades. Set your stop-loss and take-profit levels, determine when to enter and exit the market, and stick to your plan. Having a strategy in place will help you maintain self-control and make more rational trading decisions. 

 

Apply risk management tools 

Stop-loss orders and trailing stops are two risk management strategies commonly included in Forex trading software. Use these methods to protect your investments and reduce the potential for loss. Be smart about how you apply them to risk management.  

 

Stay updated on economic developments 

Many economic and political variables affect the foreign exchange market. Keep abreast of developments in the news and economic indicators that might have an effect on the value of currencies.

 

In order to make educated trades, several forex apps include real-time news feeds, economic calendars, and market analyses. 

The Best Forex Brokers in Indonesia 

In this article, we have listed the best brokers that offer Forex trading apps 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

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

 

Overall, Exness is the best MetaTrader 4 broker in Indonesia. Exness is a brokerage firm that is favoured by many traders owing to its robust regulatory track record with various authorities and substantial leverage ratios. Exness proves to be a suitable choice for Indonesian traders due to its provision of round-the-clock client assistance. 

 

Best MetaTrader 5 / MT5 Forex Broker 

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

 

Overall, AvaTrade is the best MetaTrader 5 broker in Indonesia. AvaTrade, a well-established brokerage firm, provides a comprehensive selection of more than 1,250 trading options across various sectors within the financial industry. AvaTrade offers favourable trading circumstances, specifically catering to the needs of traders in Indonesia. 

 

Best Forex Broker for beginners  

Overall Rating

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

Yes

Trading Fees

No (Just spread)

Account Activation

24 Hours

 

Overall, XM is the best forex trading platform for beginners in Indonesia. XM is inclusive of a diverse array of trading strategies, with a particular emphasis on providing a welcoming environment for novice traders. XM offers a diverse range of resources that facilitate comprehensive research and foster knowledge acquisition pertaining to the field of FX trading. 

 

Best Low Minimum Deposit Forex Broker 

Overall Rating

Min Deposit

5 USD / 78,476 IDR

Regulators

Financial Services Commission of Mauritius

Trading Desk

MT4, MT5

Crypto

Yes

Total Pairs

61+

Islamic Account

Yes

Trading Fees

Low

Account Activation

24 Hours

 

Overall, Alpari is the best minimum deposit forex trading platform in Indonesia. Alpari facilitates the acceptance of deposits and withdrawals from Indonesian traders by employing local techniques. Alpari offers competitive spreads and cheap commissions. Furthermore, Alpari, a financial institution that provides a trading application, offers a software solution for copy trading. 

 

Best ECN Forex Broker 

Overall Rating

Min Deposit

200 USD / 3,143,030 IDR

Regulators

ASIC, CySEC, FSA, SCB

Trading Desk

MetaTrader 4, MetaTrader 5, cTrader, IC Social, Signal Start, ZuluTrade

Crypto

Yes

Total Pairs

65

Islamic Account

Yes

Trading Fees

Low

Account Activation

24 Hours

 

Overall, IC Markets is the best ECN forex trading broker in Indonesia. IC Markets is a notable ECN trader that has demonstrated a commendable history of achievements. IC Markets is a brokerage firm that accommodates various trading strategies, including hedging, scalping, and other approaches. Additionally, they offer demo accounts, accounts adhering to Islamic principles, and accounts with lower transaction fees. 

 

Best Islamic / Swap-Free Forex Broker 

Overall Rating

Min Deposit

50 USD / 785,757 IDR

Regulators

FCA

Trading Desk

MetaTrader 4, Trading Station

Crypto

Yes

Total Pairs

7

Islamic Account

Yes

Trading Fees

Low

Account Activation

24 Hours

 

Overall, FXCM is the best Islamic/swap-free forex trading platform in Indonesia. FXCM is a prominent entity in the global market, specialising in the provision of retail and institutional foreign exchange (currency) trading and associated services. Established in 1999, FXCM holds the distinction of being the inaugural Forex broker to attain a listing on the esteemed New York Stock Exchange (NYSE: FXCM). 

 

Best Forex Trading App 

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

 

Overall, FXTM has the best forex trading app in Indonesia. FXTM provides a selection of three live trading accounts alongside a range of advanced trading tools. A demo account at FXTM can be accessed with any trading account. 

 

Best Forex Rebates Broker 

Overall Rating

Min Deposit

100 USD / 15,715,150 IDR

Regulators

CySec, FSCA, FCA

Trading Desk

FxPro Trading Platfrom

Crypto

Yes

Total Pairs

70+

Islamic Account

Yes

Trading Fees

Low

Account Activation

24 Hours

 

Overall, FxPro is the Best Forex Rebates Broker in Indonesia. FxPro is a brokerage firm operating in the United Kingdom that specialises in Electronic Communication Network (ECN) and Straight Through Processing (STP) services.  

 

Retail traders have the potential to receive forex cashback rebates of up to 30%, which are directly deposited into their trading accounts on a monthly basis. 

 

Best Lowest Spread Forex Broker 

Overall Rating

Min Deposit

100 USD / 1,555,300 IDR

Regulators

Seychelles FSA, FCA, CySEC, Labuan FSA, FSCA

Trading Desk

MT4, MT5, Tickmill Mobile

Crypto

Yes

Total Pairs

62

Islamic Account

Yes

Trading Fees

Low

Account Activation

24 Hours

 

Overall, Tickmill is the best lowest spread forex trading platform in Indonesia. Tickmill, a broker known for its competitive pricing, provides a diverse selection of supported trading strategies. Tickmill offers a range of funding options for account holders, enabling them to deposit funds without paying any additional charges. This facilitates seamless trading activities for users. 

 

 

Best Nasdaq 100 Forex Broker 

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

 

Overall, HFM is the best Nasdaq 100 forex trading platform in Indonesia. HFM offers a modest minimum deposit requirement for account opening, along with an extensive range of training resources tailored to support novice traders. HF Markets offers a maximum leverage of 1:1000. 

 

Best Volatility 75 / VIX 75 Forex Broker 

Overall Rating

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

Yes

Total Pairs

80

Islamic Account

Yes

Trading Fees

Low

Account Activation

24 Hours

 

Overall, IG is the best Volatility 75/VIX 75 forex trading platform in Indonesia. Novice Indonesian traders have the opportunity to enrol in the IG Academy. Experienced traders have the capability to utilise an extensive array of advanced trading instruments. 

 

Best NDD Forex Broker 

Overall Rating

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

Yes

Total Pairs

70+

Islamic Account

Yes

Trading Fees

Low

Account Activation

24 Hours

 

Overall, FP Markets is the best NDD forex trading broker in Indonesia. FP Markets offers multiple methods for depositing and withdrawing funds. FP Markets utilises a widely recognised Electronic Communication Network (ECN) pricing mechanism characterised by competitive and narrow spreads. 

 

Best STP Forex Broker 

Overall Rating

Min Deposit

0 USD / 0 IDR

Regulators

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

Trading Desk

MetaTrader 4, OANDA Platform, TradingView

Crypto

Yes

Total Pairs

45

Islamic Account

Yes

Trading Fees

Low

Account Activation

24 Hours

 

Overall, Oanda is the best STP forex trading broker in Indonesia. Oanda’s robust trading tools do not necessitate a minimum deposit. Oanda provides a range of supplementary trading tools that are both robust and adaptable. 

 

Best Sign-up Bonus Broker 

Overall Rating

Min Deposit

10 USD / 157,151 IDR

Regulators

FSC

Trading Desk

R StocksTrader, RoboForex terminals, MetaTrader 4, MetaTrader 5

Crypto

Yes

Total Pairs

40+

Islamic Account

Yes

Trading Fees

Low

Account Activation

24 Hours

 

Overall, RoboForex is the best sign-up bonus forex trading platform in Indonesia. RoboForex provides traders with the opportunity to engage in a diverse range of financial products, while also offering a substantial 100% bonus on initial deposits for new clients. 

Conclusion

Overall, you can trade in a regulated environment, and have access to user-friendly trading software, and a wide variety of tradable assets with the help of the top mobile trading apps in Indonesia. 

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Frequently asked questions

Which mobile is best for trading? 

Android user interfaces are great for Forex trading on the go; what they lack in aesthetics, they more than make up for functionality. The battery lasts a long time and can go for a long time without being recharged. 

 

Can I do Forex trading on my phone in Indonesia? 

Yes, nowadays you can trade forex using a smartphone and a mobile FX trading app. These apps do more than just allow you to trade while on the go. 

 

Is mobile trading good for positional traders? 

Yes. The main goal is to enter a trade based on a predefined strategy, and intraday price movements are often insignificant. Phones can be a convenient way to place orders because you don’t need to monitor all of the cues and signs like you would in intraday trading. 

 

Can I trade MT4 on my phone? 

Yes, the MT4 app for Android and iOS is ideal for mobile trading. 

 

Does Forex really pay? 

Forex trading can make you wealthy if you are a hedge fund with big means or an exceptionally adept currency trader. 

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