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Forex Brokers Indonesia

5 Best Micro Account Forex Brokers in Indonesia

To determine the top 5 micro account Forex brokers for Indonesian traders, we tested several options. To guarantee the greatest trading experience, we select companies based on a number of factors, such as account features, regulatory status, and general dependability. 

Read this all-inclusive guide to learn: 

  • What is a Micro Account Forex Broker?
  • Who are the top brokers in Indonesia?
  • Pros and cons of each broker.
  • Common FAQs regarding Micro Account Forex Brokers. 

 

And lots more… 

So, if you’re ready to go “all in” with the 5 best Micro Account Forex brokers in Indonesia… 

Let’s dive right in… 

Updated : July 1, 2024

5 Best Micro Account Forex Brokers in Indonesia – Comparison 

🥇 Broker💰 Minimum Deposit👉 Open an Account🔎 Regulation🎉 Trading Accounts
1. ExnessIDR 162,640 or ($10)Open AccountCySEC, FCA, FSCA, CMA, FSA, CBCS, FCS, BVI, FSCPro Account
Standard Account
Standard Cent Account
Raw Spread Account
Zero Account
2. HFMIDR 0 or ($0)Open AccountFCA, DFSA, FCS, FSA, CySEC, FSCA, CMAMicro Account
Premium Account
Auto Account
Zero Spread Account
PAMM Account
3. TickmillIDR 1 624 060 or ($100)Open AccountFSA, CySEC, FCA, FSCA, DFSA, LFSAClassic Account
Pro Account
VIP Account
4. XMIDR 81 275 or ($5)Open AccountCySEC, ASIC, IFSC, FSCA, FCA, DFSAMicro Account
Standard Account
Zero Account
Ultra Low Account
5. OctaIDR 412162  or ($25)Open AccountCySEC, FCA, FSCA, FSA SVGMicro Account
Pro Account
ECN Account
OctaTrader Account

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 Micro Account Forex broker? 

In Indonesia, micro account brokers are important for enabling a wider range of people to trade Forex. Unlike standard accounts, which frequently require 100,000 units, these brokers offer trading accounts that allow for smaller deal volumes, typically 1,000 units of the base currency. Because it reduces the financial risk and offers a platform for honing trading techniques and tactics, this configuration is especially advantageous for inexperienced traders or those with low capital.  

 

Using micro account brokers in Indonesia, in our opinion, offers a number of benefits. The minimal minimum deposit requirement, which makes it simpler for traders to begin their trading journey without requiring a sizable initial cash, is one of the main advantages. This holds significant importance in Indonesia since numerous traders might be attempting to gauge the waters before making greater investments.   

5 Best Micro Account Forex Brokers in Indonesia Summary

  1. ☑️Exness – Overall, Best Micro Account Forex Broker
  2. ☑️HFM – Several Account Types Available for Different Traders
  3. ☑️TickmillBest Regulated Forex Broker
  4. ☑️XM – Massive Range of Markets Across Several Asset Clauses
  5. ☑️OctaLow Minimum Deposit Required to Start Trading

1. Exness 

Exness review

 

With a minimum investment of just $1, Exness is an excellent option for Indonesian traders searching for micro-accounts. This opens up Forex trading to people with low funds. The broker provides plenty of opportunities for diversification by supporting a wide range of trading assets, such as stocks, indices, currency, cryptocurrencies, metals, and energy.  

 

We believe Exness offers a safe and open trading environment that gives users confidence because it is governed by several financial authorities including FCA, FSA, and CySEC. Exness’s strong local support is what attracts Indonesian traders the most. Convenience and accessibility are increased by the availability of IDR-based accounts and the choice to deposit money in IDR using regional payment methods.  

 

Because of the platform’s remarkable execution speed—less than 25 milliseconds—trades are carried out quickly, reducing slippage and improving trading efficiency. Exness enables traders to optimize their positions with a maximum leverage of up to 1:2000, which is very advantageous for those trying to get the most out of their trading capital.  

 

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

 

Furthermore, we find the broker offers extensive training materials, such as webinars and tutorials, which are priceless for traders in Indonesia of all experience levels looking to advance their tactics and abilities. 

 

Exness is ranked among the top five micro account brokers for Indonesian traders because of its exceptional support for local currency transactions and accessibility. It’s the best alternative for beginners to trading because of its minimal entry barriers, quick execution times, and high-leverage options.  

 

Unique Features 

🏛️ RegulationCySEC, FCA, FSCA, CMA, FSA, CBCS, FCS, BVI, FSC
🗪 BAPPEBTI Regulated?No
📜 IDR-based Account?Yes
💰 IDR Deposits Allowed?Yes
🚀 Minimum Deposit159 900 IDR ($10) (Depends on payment system)
📧 Trading AccountsStandard Account
Professional Account
Raw Account
Zero Account
Social Account
Demo Account
💻 Trading PlatformMetatrader 4 (MT4)
Metatrader 5 (MT5)
Exness Terminal
Exness Trade App
🔁 Trading AssetsForex, Cryptocurrencies, Indices, Commodities, Stocks
💱 Risk Management ToolsStop-loss orders, Take-profit orders, Negative balance protection
⚙️Maximum LeverageUp to 1:2000
✔️ Scalping and HedgingAllowed
🌐 Margin Call PolicyMargin call at 30%
📧 Order ExecutionMarket Execution
🚀 Execution Speed25ms
⚖️ Market AccessNDD
📈 Stop-out Level30%
🗪 Customer Support24/5 support, multilingual support including Bahasa Indonesia
📚 Educational ResourcesWebinars, Tutorials, Market analysis, Demo accounts
🎉 Open An AccountOpen Account

 

Exness - Micro Account Forex Brokers

 

Pros and Cons

✅ Pros❌ Cons
The $1 minimum deposit makes it quite easy to get started in trading.Restricted customer support hours can be a problem for traders who require assistance after office hours.
For local traders, transactions are made easier with IDR-based accounts and the opportunity to deposit in IDR.Spreads can change when volatility is high, which could have an impact on trading expenses.
A large maximum leverage of up to 1:2000 offers traders flexibility.Bonus seekers may find that there are no special perks for micro account holders, making them less alluring.
Quick trade execution is ensured via a fast execution speed (25ms).A narrow variety of account kinds might not be suitable for every trader’s style.

 

 

 

Our Insight

Exness is a comprehensive choice for micro account trading in Indonesia since it offers a wealth of instructional resources that guarantee traders have the skills and information needed to be successful. 

2. HFM 

HFM review

 

HFM offers a micro account tailored to the needs of Indonesian traders. A $5 minimum deposit makes it accessible to those who are just starting out with little funds. You can use the micro account to trade on many different assets. In order to earn the trust of its customers, HFM is overseen by top-tier financial authorities and ensures a secure and transparent trading environment.  

 

Even if it does not provide accounts based on IDR, one of the most significant advantages for Indonesian traders is HFM’s support for IDR deposits, which considerably simplifies the financing process. The platform works well, ensuring reliable and fast deal execution with an execution time of less than 85 milliseconds.   

 

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

 

Traders have a lot of leeway because they can leverage their trades up to a maximum of 1:1000. We found that traders may get assistance in their native language because of HFM’s multilingual choices and round-the-clock customer service. Traders can also take advantage of HFM’s extensive library of educational resources, including seminars and tutorials, to hone their trading skills.  

 

Among the best, HFM caters to Indonesian traders with a wide range of products and services. The minimal deposit requirement and acceptance of local currency deposits make it accessible to a wide range of people.   

 

Unique Features 

🏛️ RegulationFCA, DFSA, FCS, FSA, CySEC, FSCA, CMA
🗪 BAPPEBTI Regulated?No
📜 IDR-based Account?No
💰 IDR Deposits Allowed?Yes
🚀 Minimum DepositIDR 0 or ($0)
📧 Trading AccountsMicro Account
Premium Account
Auto Account
Zero Spread Account
PAMM Account
💻 Trading PlatformMetaTrader 4
MetaTrader 5
HFM Platform
WebTrader
🔁 Trading AssetsCryptocurrencies, Indices, Commodities, Forex, Energies, Bonds, Stocks, ETFs, Metals
💱 Risk Management ToolsStop-loss orders, Take-profit orders, Negative balance protection
⚙️Maximum LeverageUp to 1:1000
✔️ Scalping and HedgingAllowed
🌐 Margin Call PolicyMargin call at 50%
📧 Order ExecutionMarket Execution
🚀 Execution Speed85ms
⚖️ Market AccessNDD
📈 Stop-out Level50%
🗪 Customer Support24/5 support, multilingual support
📚 Educational ResourcesWebinars, Tutorials, Market analysis, Demo accounts
🎉 Open An AccountOpen Account

 

HFM - Micro Account Forex Brokers

 

Pros and Cons

✅ Pros❌ Cons
With just a $5 minimum deposit, trading is accessible to everybody.The absence of IDR-based accounts may cause an inconvenience for Indonesian traders.
Funding for local traders is made easier with support for IDR deposits.Although respectable, execution speed could be increased.
A high maximum leverage of up to 1:1000 provides a great deal of trading freedom.Certain account types for micro trading might not be to everyone’s taste.
A large variety of marketable assets offer a multitude of opportunities.Trading expenses could go up if spreads are higher during busy trading hours.

 

 

 

Our Insight

The broker’s strong regulatory framework, client assistance programs, and focus on education guarantee a trustworthy and encouraging trading environment. All things considered, HFM is an excellent choice for micro account trading in Indonesia. 

3. Tickmill 

Tickmill Review

 

Tickmill provides an extensive micro-account option that is ideal for Indonesian traders. It offers a safe entry point for people wishing to trade forex and CFDs. Tickmill’s high degree of security and transparency is guaranteed by its regulation. Through extensive research, we found the micro account allows traders in Indonesia to efficiently diversify their investments by supporting a wide range of assets, such as bonds, indices, commodities, currencies, and metals.  

 

With an average execution speed of 20 milliseconds, we feel Tickmill’s trading conditions are extremely competitive and guarantee quick and effective trade execution. It is convenient for Indonesian traders because it allows IDR deposits through a variety of payment methods, even if it does not offer IDR-based accounts.  

 

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

 

With a maximum leverage of up to 1:500, traders have the ability to efficiently manage their risk and positions. Additionally, Tickmill provides outstanding customer service in a variety of languages, including Indonesian, and an abundance of instructional materials, including webinars and market analyses, to assist traders in improving their trading tactics and expertise.  

 

Unique Features 

🏛️ RegulationFSA, CySEC, FCA, FSCA, DFSA, LFSA
🗪 BAPPEBTI Regulated?No
📜 IDR-based Account?No
💰 IDR Deposits Allowed?Yes
🚀 Minimum DepositIDR 1 624 060 or ($100)
📧 Trading AccountsClassic Account
Pro Account
VIP Account
💻 Trading PlatformMetaTrader 4
MetaTrader 5
Tickmill Mobile App
🔁 Trading AssetsForex, Commodities, Indices, Metals, Bonds
💱 Risk Management ToolsStop-loss orders, Take-profit orders, Negative balance protection
⚙️Maximum LeverageUp to 1:500
✔️ Scalping and HedgingAllowed
🌐 Margin Call PolicyMargin call at 100%
📧 Order ExecutionMarket Execution
🚀 Execution Speed20ms
⚖️ Market AccessNDD
📈 Stop-out Level30%
🗪 Customer Support24/5 support in multiple languages, including Indonesian
📚 Educational ResourcesWebinars, Tutorials, Market analysis, Demo accounts
🎉 Open An AccountOpen Account

 

Tickmill

 

Pros and Cons

✅ Pros❌ Cons
A powerful regulatory framework improves confidence and security.Not all traders may find the higher minimum deposit of $100 to be optimal.
Efficient trading is ensured with a fast execution speed of 20ms.The lack of IDR-based accounts could be a problem for some.
Leverage up to 1:500 at a high level offers traders flexibility.Options for limited local help may be made better.
Diversification can be supported by a wide range of trade assets.A few accounts’ higher commissions could have an impact on profitability.

 

 

 

Our Insight

Because of its favourable trading conditions and strong regulatory environment, Tickmill is one of our top five picks. The broker is a desirable option for professional traders due to its emphasis on quick execution times and a wide range of asset offerings. Tickmill is a dependable and creative choice for micro account trading in Indonesia because of its extensive teaching materials and helpful customer assistance.  

4. XM 

XM review

 

The modest $5 minimum deposit requirement of XM makes it a standout broker and a desirable choice for Indonesian traders. Because the broker is governed by the IFSC, ASIC, and CySEC, trading is safe and dependable. The micro account enables traders to efficiently diversify their portfolios by supporting a broad range of assets, such as indices, equities, commodities, currency, and cryptocurrencies.  

 

Even while XM does not handle IDR deposits or offer IDR-based accounts, it makes up for it with a high maximum leverage of up to 1:888. For the majority of trading methods, the platform’s execution speed of approximately 100 milliseconds is sufficient. With bilingual choices and round-the-clock customer service, XM makes it simpler for Indonesian traders to get help.  

 

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

 

To help traders improve their abilities and tactics, XM also offers a wealth of educational materials, like seminars, tutorials, and demo accounts. Because of its wide range of instructional resources and a minimal entrance barrier, XM is ranked among the top five brokers for Indonesian traders. 

 

Unique Features 

🏛️ RegulationCySEC, ASIC, IFSC, FSCA, FCA, DFSA
🗪 BAPPEBTI Regulated?No
📜 IDR-based Account?No
💰 IDR Deposits Allowed?No
🚀 Minimum DepositIDR 81 275 or ($5)
📧 Trading AccountsMicro Account
Standard Account
Zero Account
Ultra Low Account
💻 Trading PlatformMetaTrader 4
MetaTrader 5
XM WebTrader
🔁 Trading AssetsForex, Precious Metals, Commodities, Indices, Stocks, Cryptocurrencies, Energies
💱 Risk Management ToolsStop-loss orders, Take-profit orders, Negative balance protection
⚙️Maximum LeverageUp to 1:888
✔️ Scalping and HedgingAllowed
🌐 Margin Call PolicyMargin call at 50%
📧 Order ExecutionMarket Execution
🚀 Execution Speed100ms
⚖️ Market AccessNDD
📈 Stop-out Level20%
🗪 Customer Support24/5 support, multilingual support
📚 Educational ResourcesWebinars, Tutorials, Market analysis, Demo accounts
🎉 Open An AccountOpen Account

 

XM

 

Pros and Cons

✅ Pros❌ Cons
Trading is made possible by a $5 minimum investment.For local traders, no IDR-based account could be inconvenient.
Considerable trading potential is provided by the high maximum leverage of up to 1:888.XM does not allow IDR deposits, which makes transactions more difficult.
Diversification can be supported by a wide range of trade assets.A faster execution speed could improve trading efficiency.

 

 

 

Our Insight

We feel it is a flexible choice for traders of all skill levels due to its high leverage and extensive selection of trading products. XM is a good option for micro account trading in Indonesia because of its dedication to providing traders with the tools and support they need to succeed through ongoing education and customer service. 

5. Octa

Octa review

 

Octa is a reputable broker that provides micro accounts designed especially for Indonesian traders. With a minimum deposit of $5 and great support for traders in Indonesia, we chose this broker as one of the top 5. CySEC and FCA-regulated, Octa offers a safe and secure trading environment. Octa’s micro account provides a wide range of assets including indices, commodities and cryptocurrencies.  

 

We discovered that Octa is especially useful for traders in Indonesia because it provides IDR-based accounts and IDR deposits via regional payment options. With an average execution speed of 50 milliseconds, the platform guarantees dependable and timely trade execution. With a 1:500 maximum leverage, Octa gives traders the freedom to optimize their trading potential in a risk-free way.  

 

Overall Rating

Min Deposit

25 USD / 392,878 IDR

Regulators

CySEC, SVG, FSA

Trading Desk

MT4, MT5, OctaTrader

Crypto

Yes

Total Pairs

28

Islamic Account

Yes

Trading Fees

Low

Account Activation

24 Hours

 

In order to help traders improve their abilities, the broker also offers 24/7 customer service in a variety of languages, including Bahasa Indonesia, and a number of instructional tools, including webinars and market analyses.   

 

Unique Features 

🏛️ RegulationCySEC, FCA, FSCA, FSA SVG
🗪 BAPPEBTI Regulated?No
📜 IDR-based Account?Yes
💰 IDR Deposits Allowed?Yes
🚀 Minimum DepositIDR 412162  or ($25)
📧 Trading AccountsMicro Account
Pro Account
ECN Account
OctaTrader Account
💻 Trading PlatformMetaTrader 4
MetaTrader 5
OctaTrader
🔁 Trading AssetsForex, Cryptocurrencies, Metals, Indices
💱 Risk Management ToolsStop-loss orders, Take-profit orders, Negative balance protection
⚙️Maximum LeverageUp to 1:500
✔️ Scalping and HedgingAllowed
🌐 Margin Call PolicyMargin call at 25%
📧 Order ExecutionMarket Execution
🚀 Execution Speed50ms
⚖️ Market AccessNDD
📈 Stop-out Level15%
🗪 Customer Support24/5 support, multilingual support including Bahasa Indonesia
📚 Educational ResourcesWebinars, Tutorials, Market analysis, Demo accounts
🎉 Open An AccountOpen Account

 

Octa

 

Pros and Cons

✅ Pros❌ Cons
Transactions are made simpler with IDR deposits and accounts.Some traders may not find a limited variety of account kinds suitable.
Flexibility is provided by a high maximum leverage of up to 1:500.Costs may be impacted by higher spreads during busy trading hours.
Efficiency in trading is ensured by a fast execution speed of 50ms.It might be less enticing to provide micro account holders any special advantages.

 

 

 

Our Insight

Octa is one of the best options for micro account trading in Indonesia because of its quick execution times, high leverage, and extensive training materials, which guarantee that traders have the resources and assistance they need to be successful. 

Conclusion

Our final analysis of the top micro account brokers in Indonesia offers a balanced viewpoint on both their benefits and possible negatives. Based on our observations, micro account brokers are a great way for novice traders to get started since they have tiny minimum deposits and smaller trading sizes, which greatly lower the chance of losing money. 

 

Because of its accessibility, traders may refine their methods and obtain real-world experience without having to worry about making big financial commitments. The instructional help that frequently goes along with micro account options is one of the main advantages.  By putting a significant emphasis on education, traders can lay a solid foundation in forex trading and acquire the know-how and abilities required for more complex trading. 

 

In conclusion, by removing entry obstacles and offering crucial instructional tools, micro account brokers in Indonesia provide new and small-scale traders with a host of advantages. To secure their trading activities, traders should select a broker who is licensed and aware of the increased fees and restricted selection of instruments. It will be easier for Indonesian traders to make wise choices and succeed in the forex market if these criteria are balanced. 

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Frequently Asked Questions

Micro accounts require less initial investment and provide a low entrance barrier. As a result, Indonesian traders can begin trading with less risk while developing their skills and trying out different tactics.

Micro accounts offer increased adaptability in capital and risk management. By using smaller sums of money to try various methods, traders can lower their potential losses while learning.

Compared to standard accounts, which usually entail higher lot sizes (1 lot = 100,000 units), micro accounts allow trading in smaller lot sizes (0.01 lots). This increases the accessibility of micro accounts for novice traders.

Micro accounts frequently have larger spreads and commissions, which is a disadvantage. Furthermore, compared to standard accounts, the selection of tradable instruments could be more constrained.  

Think about things like commission fees, spreads, regulatory status, customer service, and the availability of learning materials. Additionally, see if the broker provides Indonesian local deposit choices and assistance. 

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