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Forex Brokers Indonesia

5 Best Forex Trading Platforms in Indonesia

The 5 best Forex trading platforms in Indonesia revealed. We tested and verified the best Forex trading platforms for Indonesian traders.

This is a complete guide to the 5 best Forex trading platforms in Indonesia. 

In this in-depth guide you’ll learn:

  • What are Forex Trading Platforms? 
  • Who are the top Forex trading platform, 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? 
  • Which broker offers a low minimum deposit of $5 to Indonesian traders?


And lots more…

So if you’re ready to go “all in” with the best-tested Forex Trading brokers for Indonesians…

Let’s dive right in…

Updated : November 22, 2023

5 Best Forex Trading Platforms in Indonesia – Comparison

🥇 Forex Broker🎉 Open An Account💳 Minimum Deposit📱 IDR-based Account?💰 IDR Deposits Allowed?
1. ExnessOpen Account10 USD / 157,151 IDRNoNo
2. AvaTradeOpen Account100 USD / 1,571,515 IDRNoNo
3. OandaOpen Account0 USD / 0 IDRNoNo
4. IGOpen Account0 USD / 0 IDRNoNo
5. Markets.comOpen Account100 USD / 1,571,515 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 are Forex trading platforms?

A Forex trading platform is a software interface that Forex brokers provide to their customers in order for them to trade in the Forex markets.

 

This could be a web-based portal, a mobile app, a separate downloadable program, or some mix of the three. 

5 Best Forex Trading Platforms in Indonesia (2023)

  1. ✔️Exness – Overall, the Best CFD Trading Platform Broker
  2. ✔️AvaTrade – Best Social Trading Broker in Indonesia
  3. ✔️OANDA – Top Trading Platform for Indonesia
  4. IG – Best CFD Broker for Professional Traders
  5. Markets.com – Verified CFD Proprietary Trading Software

1. Exness

Exness review

 

Exness is characterised by a notable degree of trustworthiness and operates under the oversight of several reputable regulatory bodies, but lacks regulation in Indonesia.  

 

MetaTrader 4 can be downloaded on the Exness website by users utilising several operating systems, including Linux, Windows, Android, iOS, and MAC. The platform encompasses several features such as Expert Advisors (EAs), a news feed, and charting tools. The Exness MT4 platform exhibits efficient performance with few instances of freezing, while still offering a wide range of functions. 

 

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

 

Exness is widely recognised for the versatility and efficacy of its account kinds, as well as its provision of highly attractive trading conditions. Traders have the ability to efficiently access their deposits and leverage through the utilisation of electronic payment methods. 

 

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 Platform

 

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. AvaTrade

Avatrade review

 

DupliTrade is a trading platform that provides a focused, transparent, and user-friendly methodology, allowing users to emulate the trading actions of experienced traders directly within their AvaTrade trading account.  

 

DupliTrade improves the trading experience by providing a diverse portfolio and a range of great techniques developed by experienced traders. The selection of persons was based on their well-documented track record and adequately verified historical background. 

 

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

 

AvaTrade possesses the capacity to be tailored to accommodate the specific trading requirements of traders in Indonesia.  

 

AvaTrade, a globally recognised brokerage firm that specialises in offering Contracts for Difference (CFD) and Foreign Exchange (FX) services, was founded in the year 2006. The company operates under the oversight of various regulatory authorities, with particular emphasis on the Irish Central Bank. 

 

Unique Features 

📝 RegulationCentral Bank of Ireland (CBI), BVI FSC, ASIC, FSCA, JFSA, FFAJ, ADGM, CySEC, ISA
📱 Social Media PlatformsInstagram, Facebook, Twitter, YouTube
📜 OJK Regulation?No
🔎 Trading AccountsRetail Account, Professional Account
💻 Trading PlatformsAvaTradeGO, AvaOptions, AvaSocial, MetaTrader 4, MetaTrader 5, DupliTrade, ZuluTrade
💸 Minimum Deposit100 USD / 1,571,515 IDR
🔁 Trading AssetsForex, 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 spreadFrom 0.0 pips
✔️ Demo AccountYes
✔️ Islamic AccountYes
🎉 Open An AccountOpen Account

 

AvaTrade Platform

 

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.

3. Oanda

Oanda review

 

The web trading platform offered by Oanda is designed with a user-friendly interface, providing a straightforward user experience. It encompasses a wide range of technical analysis tools, a comprehensive charting package, and other additional features.  

 

Advanced trading technology enables individuals to respond swiftly to volatile price fluctuations, particularly in periods of heightened market turbulence. 

 

Indonesian traders can capitalise on market volatility on the Oanda platform by engaging in more frequent trading activities and utilising advanced trading tools to gain insight into their open positions and pending orders. 

 

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

 

Although Oanda is not subject to local regulation by the OJK of Indonesia, it is supervised by other reputable bodies. The establishment of this organisation took place in the year 1996, rendering it a renowned entity functioning as a broker and trading platform. 

 

The wide range of indicators and charting tools offered by Oanda might prove beneficial to traders of varying levels of expertise, encompassing both beginners and experienced individuals. 

 

Unique Features 

📝 RegulationFSCA, CySEC, DFSA, FSA, FCA, FSC, CMA
📱 Social Media PlatformsFacebook, Twitter, YouTube, LinkedIn
📜 OJK Regulation?No
🔎 Trading AccountsStandard Account, Core Account, Swap-Free Account, Demo Account
💻 Trading PlatformsMetaTrader 4, OANDA Platform, TradingView
💸 Minimum Deposit0 USD / 0 IDR
🔁 Trading AssetsIndex CFDs, Forex, Metals, Commodity CFDs, Bonds CFDs, Precious Metals, Real-time Rates
🚀 IDR-based Account?No
💳 IDR Deposits Allowed?No
💰 Bonuses for Indonesian traders?Yes
📊 Minimum spreadFrom 0.0 pips
✔️ Demo AccountYes
✔️ Islamic AccountYes
🎉 Open An AccountOpen Account

 

Oanda Platforms

 

Pros and Cons

✔️ Pros❌ Cons
OANDA is subject to strict rules in a number of countries around the world. OANDA has different kinds of accounts.Indonesian traders cannot open IDR-denominated accounts.
Trading tools are advanced and cutting edgeTraders will be charged an inactivity fee on dormant accounts.
There are no minimum deposits
Tutorials for new traders
Reliable ways to deposit money
Spreads that are right
Oanda has a number of trading features that are flexible and high-tech.

4. IG

IG review

 

IG’s web trading platform facilitates the trading of shares, spread bets, and CFDs. The user’s account has the potential to be subject to monitoring, card registration, payment processing, fund withdrawal, and more activities.

 

In addition, the platform provided by IG offers a range of browser-based research tools, including signals, the economic calendar, and current headlines. 

 

IG is a favourable option for both novice and seasoned traders hailing from Indonesia. IG’s platform offers a wide range of over 17,000 distinct trading goods.  

 

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

 

Additionally, it is renowned for providing a secure trading environment that is considered one of the safest in the market. The platform also offers several types of accounts and competitive spreads, enhancing its appeal to traders. 

 

IG serves as a valuable platform for individuals seeking information and engaging in activities related to Contract for Difference (CFD) trading. Due to its esteemed standing as a globally recognised brokerage firm, it offers the most optimal and all-encompassing trading configurations. 

 

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.

5. Markets.com

Markets.com review

 

Markets.com is a financial services provider that operates in the global market. The most sophisticated online trading platform developed by MetaQuotes Software is MT5. The multi-asset derivatives trading platform MT5 is utilised for CFD trading.  

 

The enhanced version of MT4 offered by Markets.com caters to traders in Indonesia by providing faster trading capabilities, the ability to hedge positions, and an expanded range of technical indicators, market depth, and timeframes. 

 

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

 

The reputation of Markets.com has been bolstered by its offering of low minimum deposits, a wide number of markets to choose from, and a powerful selection of trading platforms that are compatible with various devices. 

 

The broker offers customer service through live chat and email channels, which are available 24/7 throughout the week. Markets.com is overseen by many regional entities and does not fall under the local supervision of the OJK. 

 

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 Platform

 

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.

How to choose the best Forex trading platforms in Indonesia 

How to choose the best Forex trading platforms in Indonesia 

 

Indonesian traders must evaluate the following components of a Forex trading platform to decide whether the broker is suited to their unique trading objectives and 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 bit more about Forex trading platforms

A bit more about Forex trading platforms 

 

Forex trading platforms give traders the tools they need to execute buy and sell orders in the forex markets.  

 

Forex brokers make the platforms available to their clients for use. While some forex brokers provide their own bespoke trading platforms for order processing and research, many provide order access via integrated trading and research programmes. 

 

Many brokerages provide a diverse range of currency trading platform solutions to individual and institutional clients.  

 

Banking or brokerage firms in the institutional markets may also develop custom currency trading systems to satisfy their internal needs, with trades performed through institutional trading channels. 

 

To get an advantage in forex markets, several platforms also provide forex charting tools that may be used in conjunction with other technologies such as predictive forecasting software and online trading. 

 

The best charting software is largely determined by a trader’s unique demands and experience. Considerations include the sort of technical analysis they want to perform, the volume or duration of their trades, and the type of charting equipment they want to utilise. 

 

Knowledgeable traders will take note of the data sources from which charting solutions obtain their pricing and other information, making certain that such sources are up-to-date, dependable, and accurate. 

 

When picking and using a currency trading platform, retail forex traders often search for some common aspects. Traders consider ease of installation and use when deciding between web-based and downloaded solutions. In this case, traders may be able to select a platform directly from their brokerage or use an independent provider. 

 

Fees are also a significant factor because costs vary widely depending on individual systems. Most traders will rely on established charting and order-taking mechanisms inherent within the system, thus functionality is critical. The brokerage trading platform with which it is integrated is an important part of a forex trading platform. 

The Best Forex Brokers in Indonesia 

In this article, we have listed the best brokers that offer Forex trading platforms 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. Many traders select Exness as a brokerage firm due to its strong regulatory record with numerous authorities and high leverage ratios. For Indonesian traders, Exness is a fantastic choice because it offers round-the-clock customer support. 

 

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. Over 1,250 trading products are offered by reputable brokerage AvaTrade in numerous financial business industries. AvaTrade focuses on the requirements of Indonesian traders to provide an appealing trading environment. 

 

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. With a focus on creating a friendly atmosphere for new traders, XM supports a wide variety of trading methods. XM provides a variety of resources to promote in-depth study and knowledge acquisition in the field of foreign exchange 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. By utilising local methods, Alpari makes it simple for Indonesian traders to make deposits and withdrawals. Low commissions and competitive spreads are provided by Alpari. A financial company called Alpari offers a trading application in addition to a plan 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. A well-known ECN trader with a strong track record of success is IC Markets. The brokerage firm IC Markets supports a variety of trading strategies, including hedging, scalping, and others. Additionally, they provide demo accounts, accounts with 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. A reputable multinational company called FXCM specialises in offering services related to institutional and retail foreign exchange (currency) trading. Since its founding in 1999, FXCM has held the distinction of being the first Forex broker to be listed on the prestigious 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. Along with a variety of cutting-edge trading tools, FXTM offers three live trading accounts. You have access to a demo account with any FXTM trade 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. Straight Through Processing (STP) and Electronic Communication Network (ECN) services are the focus of UK-based brokerage FxPro.  

 

Retail traders may be entitled to monthly direct transfers into their trading accounts of up to 30% in forex cashback rebates. 

 

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 is an inexpensive broker that accepts a variety of trading strategies. Owners of Tickmill accounts have a variety of funding options available to them, enabling them to make deposits without paying any additional fees. This makes it easier for people to trade. 

 

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 low minimum deposit requirement for account opening along with a wide selection of educational resources to assist new traders. A maximum leverage of 1:1000 is available from HF Markets. 

 

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. Now, traders from Indonesia can enrol in the IG Academy. A variety of cutting-edge trading instruments are available for seasoned traders to use. 

 

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. There are many ways to deposit and withdraw money at FP Markets. With competitive and reasonable spreads, FP Markets utilises a well-known Electronic Communication Network (ECN) pricing method. 

 

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. There is no minimum deposit required to use the sophisticated trading tools at Oanda. Oanda offers a selection of trustworthy and flexible additional trading tools. 

 

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. With RoboForex, new users receive a substantial 100% bonus on their initial deposits, and they can trade a variety of financial instruments. 

Conclusion

Overall, a platform offered by an authorised forex broker is the ideal one for traders in Indonesia. Investors should look for a reliable trading platform with a user-friendly interface and modern trading features. 

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Frequently asked questions

How can I be successful in Forex trading? 

Successful traders understand that every trade has some level of risk. As a result, one of the most critical elements in developing a day trading strategy is determining an appropriate risk threshold before you begin trading and sticking to it. A prudent day trader will not put more money at risk than they can afford to lose. 

 

Can I teach myself to trade on a Forex platform? 

Yes, while mentors can be beneficial, you do not need to seek out an instructor to learn how to trade stocks. Whether you have a mentor or not, you should still read books, invest a modest amount of your own money, and take advantage of the free educational materials provided by the best beginner trading platforms. 

 

How do I start trading myself? 

All you have to do is open a trading account, deposit funds, and start trading using a broker’s web platform. However, keep in mind that all profits from internet trading must be declared/revealed for tax purposes. 

 

How can I start Forex trading for free? 

To safely test your trading skills, open a risk-free Forex demo account before opening a genuine one. You may gain a full trading experience with the demo account while simply using virtual cash and without risking any real money. Sign up and establish a new demo account in just a few steps. 

 

What makes Forex trading difficult? 

The learning curve is steep, and forex traders face substantial risks, leverage, and volatility. To be a great forex trader, you must have perseverance, continual learning, efficient capital management skills, the ability to accept risks, and a solid trading plan. 

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