Easily Trade – Apple, Microsoft , Tesla and Google Stocks – Open a FREE Account Here
4.7/5 - (12 votes)
Forex Brokers Indonesia

5 Best MT4 Brokers in Indonesia

The 5 best MT4 Forex brokers in Indonesia revealed. We have explored and tested several prominent MT4 Forex brokers in Indonesia to identify the 5 best. 

This is a complete guide to the 5 best MT4 Forex brokers in Indonesia. 

In this in-depth guide you’ll learn: 

  • What is the MT4 Trading Platform?
  • How to use MT4 for beginner traders in Indonesia 
  • Who are the 5 best MT4 forex brokers for traders in Indonesia 
  • How to choose the best MT4 Forex broker in Indonesia 
  • How to download the MT4 platform on your phone.

 

And lots more… 

So, if you’re ready to go “all in” with 5 best MT4 Forex brokers in Indonesia 

Let’s dive right in…

Updated : February 16, 2024

Best MT4 Brokers in Indonesia – Comparison

🥇 No-Deposit Broker🎉 Open Account💵 Minimum Deposit📝 Regulation💻 Trading Accounts Offered🚀 Trading Platforms
1. ExnessOpen Account10 USD / 156,384 IDRFSA, CBCS, FSC, FSC BVI, FSCA, CySEC, FCAStandard Account, Standard Cent Account, Raw Spread Account, Zero Account, Pro AccountMetaTrader 4, MetaTrader 5, Exness Terminal, Exness Trader app
2. AvaTradeOpen Account5 USD / 78,192 IDRCentral Bank of Ireland (CBI), BVI FSC, ASIC, FSCA, JFSA, FFAJ, ADGM, CySEC, ISARetail Account, Professional AccountAvaTradeGO, AvaOptions, AvaSocial, MetaTrader 4, MetaTrader 5, DupliTrade, ZuluTrade
3. HFMOpen Account0 USD / 0 IDRFSCA, CySEC, DFSA, FSA, FCA, FSC, CMAMicro Account, Premium Account, HFcopy Account, Zero Spread Account, Auto AccountMetaTrader 4 and MetaTrader 5
4. PepperstoneOpen Account200 USD / 3,127,690 IDRASIC, BaFin, CMA, CySEC, DFSA, FCA and SCBStandard Account, Razor Account, Professional Account, Demo Account, Islamic AccountMetaTrader 4, MetaTrader 5, cTrader, TradingView, Myfxbook, Duplitrade
5. TickmillOpen Account5 USD / 78,192 IDRSeychelles FSA, FCA, CySEC, Labuan FSA, FSCAPro Account, Classic Account, VIP AccountMetaTrader 4, MetaTrader 5

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 MT4? 

MetaTrader 4, a cornerstone in Forex trading, offers a robust platform for traders. Its user-friendly interface facilitates seamless navigation, while real-time charts and analysis tools empower informed decision-making.

 

With customizable features, automated trading options, and a vast marketplace of indicators, MT4 stands as a versatile and essential tool for traders worldwide. 

5 Best MT4 Brokers in Indonesia (Updated 2024) 

  1. ✔️ExnessOverall, the Best MT4 Platform for Indonesia Traders
  2. ✔️AvaTrade – Best Regulated Forex Broker
  3. ✔️HFM – Top Islamic Account Broker
  4. Pepperstone – Verified IDR-Based Account for Indonesians
  5. Tickmill – User-Friendly Broker to Offer Negative Balance Protection

1. Exness

Exness review

 

Exness stands out for its commitment to transparency and innovation. With a global presence, it offers a user-friendly platform, including the popular MetaTrader 4 (MT4) to traders in Indonesia.  

 

Exness’ MT4 combines intuitive navigation with advanced analytical tools, empowering Indonesian traders to execute strategies seamlessly. The platform supports automated trading, allowing users to deploy expert advisors for efficient execution.  

 

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 boasts competitive spreads and a range of account types, catering to diverse Indonesian trader needs. Renowned for its reliability and customer-centric approach, Exness continues to be a trusted choice for both novice and experienced Forex traders seeking a dynamic and secure trading environment.

 

Exness Overview

📝 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 - MT4

 

Pros and Cons

✔️ Pros❌ Cons
Exness offers free hosting for virtual private servers (VPS).There aren’t as many assets that can be traded with Exness, and there aren’t as many ways for new traders to learn on the Exness platform
A trusted group of regulators keeps Exness in check.
Exness offers some of the best leverage rates on the forex market.
Indonesian traders can reach customer service 24 hours a day, seven days a week.

 

2. AvaTrade 

Avatrade review

 

AvaTrade distinguishes itself with a global presence and a comprehensive range of trading instruments. With a reputation for reliability and innovation, AvaTrade caters to Indonesian traders of all levels.  

 

The MetaTrader 4 (MT4) platform on AvaTrade enhances the trading experience, offering a user-friendly interface, advanced charting tools, and automated trading capabilities.  

 

Overall Rating

Min Deposit

100 USD / 1,571,515 IDR

Regulators

ASIC, FSA, CBI, BVI, FSCA, FRSA, CYCES, ISA, JFSA

Trading Desk

MetaTrader 4, MetaTrader 5, Ava Social, Ava Protect, Trading Central

Crypto

Yes

Total Pairs

55+

Islamic Account

Yes

Trading Fees

Low

Account Activation

24 Hours

 

Traders in Indonesia benefit from real-time market analysis and a diverse set of features. AvaTrade’s commitment to customer satisfaction, competitive spreads, and a robust regulatory framework solidifies its position as a trusted and versatile choice for those navigating the complexities of the Forex market. 

 

AvaTrade Overview

📝 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 - MT4

 

Pros and Cons

✔️ Pros❌ Cons
Prominent regulators in several countries sets the rules that AvaTrade must follow.Only two types of retail trading accounts are offered to traders in Indonesia
AvaTrade lets you trade over 1,250 assets from a lot of different financial places.Dormant accounts are charged a fee
The more experienced traders can use a lot of useful tools.There might be fees to change funds.
Traders from Indonesia can benefit from AvaTrade’s fair trading terms.Indonesian traders can’t use IDR-based accounts or pay and withdraw money in their own currency.
AvaTrade has both a regular account and an Islamic account.
Several awards have been given to AvaTrade since it began. This has helped it gain trust and respect.
Traders can trade with other people and use a range of trading strategies.

 

3. HFM 

HFM review

 

HFM, known as a trusted Forex broker, provides a dynamic trading environment for global investors and traders in Indonesia.  

 

Renowned for its transparency and client-focused approach, HFM offers a wide range of trading instruments and account types. The MetaTrader 4 (MT4) platform on HFM is a powerful tool, featuring advanced charting tools, real-time market analysis, and seamless order execution.  

 

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

 

Indonesian traders benefit from automated trading options and a customizable interface. HFM’s commitment to security, competitive spreads, and exceptional customer service solidify its reputation as a reliable choice for traders seeking a comprehensive and user-friendly Forex trading experience.

 

HFM Overview

📝 RegulationFSCA, CySEC, DFSA, FSA, FCA, FSC, CMA
📱 Social Media PlatformsFacebook, Twitter, Telegram, Instagram, YouTube, LinkedIn
📜 OJK Regulation?No
🔎 Trading AccountsMicro Account, Premium Account, HFcopy Account, Zero Spread Account, Auto Account
💻 Trading PlatformsMetaTrader 4 and MetaTrader 5
💸 Minimum Deposit0 USD / 0 IDR
🔁 Trading AssetsForex, Precious Metals, Energies, Indices, Shares, Commodities, Cryptocurrencies, Bonds, Stocks DMA, ETFs
🚀 IDR-based Account?No
💳 IDR Deposits Allowed?Yes
💰 Bonuses for Indonesian traders?Yes
📊 Minimum spreadFrom 0.0 pips
✔️ Demo AccountYes
✔️ Islamic AccountYes
🎉 Open An AccountOpen Account

 

HFM - MT4

 

Pros and Cons

✔️ Pros❌ Cons
The EUR/USD currency pair has fairly competitive spreads starting at 0.9 pips.HFM offers a limited selection of deposit and withdrawal methods to Indonesian traders
A demo account is accessible for both rookie and expert traders looking to learn and improve their trading strategies.
HFM provides a comprehensive selection of asset classes that investors can trade.
Indonesian traders have quick access to the MetaTrader 4 and 5 platforms, which are available on PCs, mobile applications, and web-based interfaces.

 

4. Pepperstone 

Pepperstone review

 

Pepperstone offers a cutting-edge platform and a diverse range of trading instruments, establishing itself as a preferred choice for traders in Indonesia. Known for its transparency and low spreads, Pepperstone provides a secure and innovative trading environment.  

 

The MetaTrader 4 (MT4) platform on Pepperstone stands out with advanced charting tools, rapid order execution, and customizable features. Indonesian traders benefit from seamless access to the forex market, supported by a robust infrastructure. 

 

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

 

Pepperstone’s commitment to excellence, customer-centric services, and technological prowess cements its position as a reliable and forward-thinking broker in the dynamic world of Forex trading.

 

Pepperstone Overview

📝 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

 

Pros and Cons

✔️ Pros❌ Cons
Pepperstone Markets is a well-known brokerage firm that specialises in Contracts for Difference (CFD) and FX trading. The organization follows strict processes to ensure the security of client deposits and the preservation of investment interests.Fixed spreads are not available.
Pepperstone Markets accepts Indonesian traders and provides the convenience of local deposit and withdrawal options.Traders from Indonesia face constraints when it comes to trading accounts in Indonesian Rupiah (IDR).
Pepperstone Markets is subject to severe regulatory scrutiny in various jurisdictions across the world.The Islamic Account is subject to additional fees.
Trading platforms are accessible from a variety of devices, and trading accounts offer favourable conditions for engaging in trading activities.Due to geographical restrictions, traders must produce documents certifying their place of residence throughout the Islamic Account conversion process.
Retail accounts provide a preventive safeguard to minimize negative balances, assuring the safety of account holders.
Alternative options, such as social trading, are available, providing customers with a variety of ways to participate in trading activities.
Furthermore, there is a complete affiliate system that ensures the formation of a strong and effective network of affiliates.

 

5. Tickmill 

Tickmill review

 

Tickmill stands out for its global presence and commitment to providing a secure and transparent trading environment.  

 

Indonesian traders choose Tickmill for its competitive trading conditions, diverse account types, and advanced technology. The MetaTrader 4 (MT4) platform on Tickmill is a powerful tool, offering cutting-edge charting tools, real-time market analysis, and rapid order execution.  

 

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 focus on low spreads and high-speed execution, Tickmill ensures a seamless trading experience. The broker’s client-centric approach, financial expertise, and stringent regulatory compliance contribute to its recognition as a trustworthy partner in the dynamic Forex market. 

 

Tickmill Overview

📝 RegulationSeychelles FSA, FCA, CySEC, Labuan FSA, FSCA
📱 Social Media PlatformsInstagram, Facebook, Twitter, YouTube, LinkedIn, Telegram
📜 OJK Regulation?No
🔎 Trading AccountsPro Account, Classic Account, VIP Account
💻 Trading PlatformsMetaTrader 4, MetaTrader 5
💸 Minimum Deposit100 USD / 1,555,300 IDR
🔁 Trading AssetsForex, Stock Indices, Energies, Precious Metals, Bonds, Cryptocurrencies
🚀 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

 

Tickmill

 

Pros and Cons

✔️ Pros❌ Cons
Tickmill has a good trust score and is well-known for offering competitive trading conditions.Traders in Indonesia do not have access to fixed spread accounts
There are several handy funding alternatives available, including Skrill, Neteller, and others.
Advanced traders can take advantage of a range of tools, including FIX API, AutoChartist, VPS, and others.

 

How to download the MT4 platform on your phone. 

To download the MT4 platform on your phone, follow these steps: 

✅ Open the App Store (for iOS devices) or Google Play Store (for Android devices) on your phone. 

✅ In the search bar, type “MetaTrader 4” and press enter. 

✅ Look for the official MetaTrader 4 app developed by MetaQuotes Software Corp. 

✅ Once you find the app, tap on the “Download” or “Install” button. 

✅ Wait for the app to download and install on your phone. This may take a few moments depending on your internet connection. 

✅ After the installation is complete, open the MetaTrader 4 app. 

✅ If you already have an account, you can log in using your existing credentials. If not, you can create a new demo account directly from the app. 

✅ Once logged in, you’ll have access to the MT4 platform on your phone, allowing you to trade forex and other financial instruments from anywhere at any time. 

How to choose the best MT4 Forex broker in Indonesia 

How to choose the best MT4 Forex broker in Indonesia 

 

Indonesian traders must evaluate the following components of an MT4 Forex broker 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 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 guide to MetaTrader 4 for beginner traders in Indonesia 

A guide to MetaTrader 4 for beginner traders in Indonesia 

 

As a burgeoning trader in Indonesia, navigating the world of Forex can be both exciting and overwhelming. MetaTrader 4 (MT4) serves as a powerful ally, offering a user-friendly platform equipped with tools essential for successful trading.  

 

Understanding MetaTrader 4 

➡️ Getting Started with MT4

Before diving into the market, it’s crucial to download and install MetaTrader 4. Many Indonesian brokers offer this platform, ensuring easy accessibility. Once installed, traders can open a demo account to practice trading with virtual funds, honing their skills without financial risk. 

 

➡️ Navigating the Interface

MT4 boasts an intuitive interface, divided into key sections. The Market Watch window displays currency pairs and their bid/ask prices. The Chart window visualizes price movements, while the Navigator window provides access to accounts, indicators, and expert advisors. 

 

Essential Features for Indonesian Traders

➡️ Charting Tools and Analysis

MT4 offers robust charting tools, allowing traders to analyze price movements effectively. Indonesian traders can utilize various timeframes, from minutes to months, and access multiple chart types, including candlestick and line charts. Technical analysis tools, such as trendlines and indicators, empower traders to make informed decisions. 

 

➡️ Placing and Managing Orders

Executing orders on MT4 is straightforward. Traders can place market orders for instant execution or pending orders for future execution at specific price levels. Stop-loss and take-profit orders help manage risk and lock in profits. Understanding these order types is crucial for effective risk management. 

 

➡️ Automated Trading with Expert Advisors (EAs)

MT4 supports automated trading through Expert Advisors. Indonesian traders can develop or purchase EAs to execute trading strategies automatically. EAs analyse market conditions and execute trades based on pre-defined parameters. This feature is especially beneficial for those who prefer a systematic approach to trading. 

 

Tips for Successful Trading on MT4

➡️ Risk Management Strategies

For Indonesian beginners, mastering risk management is pivotal. Set realistic goals, allocate a sensible portion of your capital per trade, and use stop-loss orders to limit potential losses. This ensures a disciplined approach to trading, safeguarding your investment in the volatile Forex market. 

 

➡️ Utilizing Leverage Wisely

While leverage amplifies potential profits, it also magnifies risks. Indonesian traders should use leverage judiciously and understand its implications. A cautious approach to leverage helps prevent significant financial setbacks, especially for those new to the intricacies of Forex trading. 

 

Leveraging MT4 for Indonesian Market Insights

➡️ Customizing MT4 to Local Preferences

Indonesian traders can tailor MT4 to their preferences. The platform allows language customization, enabling users to switch to Bahasa Indonesia for a more comfortable trading experience. Localizing the platform enhances comprehension and reduces the risk of misinterpretation. 

 

➡️ Accessing Indonesian Market News and Analysis

Stay informed about local and global market developments by utilizing the News tab on MT4. Indonesian traders can access real-time news and analysis relevant to their trading instruments. In a market where timely information is crucial, this feature assists in making well-informed decisions. 

 

Troubleshooting and Support

➡️ Customer Support and Community

MT4 is widely used globally, fostering a vibrant user community. Indonesian traders can leverage forums, blogs, and online communities to share experiences and seek advice. Additionally, reliable customer support from brokers ensures prompt assistance in case of technical issues or queries related to trading on MT4. 

 

➡️ Common Technical Issues and Solutions

Understanding potential technical glitches is essential. For Indonesian traders encountering connectivity issues or other technical hitches, restarting the platform, checking internet connectivity, or reaching out to customer support can resolve most problems swiftly. 

The Best Forex Brokers in Indonesia 

In this article, we have listed the best brokers that offer Forex the MT4 trading platform 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 use Exness as a brokerage firm because of its solid regulatory record with several authorities and large leverage ratio. Exness is an excellent choice for Indonesian traders due to its 24/7 customer 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 reputed brokerage firm, offers over 1,250 trading products across a wide range of financial industries. AvaTrade focuses on meeting the needs of Indonesian traders by providing 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. XM offers a wide range of trading methods while emphasizing a welcoming environment for beginner traders. XM offers several materials to encourage in-depth research and knowledge acquisition in the field of forex 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 offering local methods, Alpari makes it easy for Indonesian traders to make deposits and withdrawals. Alpari provides low commissions and competitive spreads. Alpari, a financial corporation, provides both a trading application and a copy trading plan. 

 

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 an established ECN broker with a proven track record of success. IC Markets offers some trading tactics, including hedging, scalping, and others. They also provide demo accounts, accounts with Islamic principles, and accounts with minimal 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 famous worldwide corporation that specializes in providing institutional and retail foreign exchange (currency) trading services. Since its inception in 1999, FXCM has been the first Forex broker to be listed on the famous 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 several cutting-edge trading tools, FXTM provides three live trading accounts. You can use a demo account with any FXTM 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, a UK-based brokerage, focuses on straight-through processing (STP) and electronic communication network (ECN) services.  

 

Retail traders may be eligible for monthly direct deposits 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 wide range of trading tactics. Tickmill account holders have several funding methods open to them, allowing them to make deposits without incurring additional costs. This facilitates 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 has a low minimum deposit requirement for account opening and a large assortment of training resources to help beginning traders. The greatest leverage offered from HF Markets is 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. Beginner traders from Indonesia can enroll in the IG Academy. Experienced traders have access to a wide range of cutting-edge 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. There are numerous ways to deposit and withdraw funds at FP Markets. With competitive and fair spreads, FP Markets employs a well-known Electronic Communication Network (ECN) pricing strategy. 

 

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 necessary to use Oanda’s sophisticated trading tools. Oanda provides a range of reliable and adaptable 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. RoboForex offers new users a hefty 100% bonus on their initial deposits, and they can trade a wide range of financial assets. 

Conclusion

Overall, MetaTrader 4 stands as an invaluable tool for Indonesian beginners venturing into Forex trading. Its user-friendly interface, powerful analysis tools, and support for automated trading make it a versatile platform. 

you might also like: Best MT5 Forex Brokers

you might also like: Best CFD Forex Brokers

you might also like: Best ECN Forex Brokers

you might also like: Best Cent Account Forex Brokers

you might also like: Best Forex Trading Apps

Frequently Asked Questions

What advantages does MetaTrader 4 offer Indonesian traders for chart analysis?  

MetaTrader 4 provides Indonesian traders with advanced charting tools, multiple timeframes, and various chart types. These features empower traders to conduct comprehensive technical analysis, facilitating well-informed decisions in the dynamic Forex market. 

 

How can Indonesian traders customize MetaTrader 4 to suit their preferences?  

Indonesian traders can customize MetaTrader 4 by adjusting language settings to Bahasa Indonesia for a more comfortable trading experience. Additionally, the platform allows users to personalize chart layouts, indicator settings, and other display preferences according to their needs. 

 

What risk management strategies are recommended for Indonesian traders using MetaTrader 4?  

Indonesian traders utilizing MetaTrader 4 should implement prudent risk management strategies. This includes setting realistic goals, allocating a reasonable portion of capital per trade, and utilizing stop-loss orders effectively to mitigate potential losses and safeguard their investments. 

 

Can Indonesian traders access local market news and analysis through MetaTrader 4?  

Yes, MetaTrader 4 provides Indonesian traders with access to real-time news and analysis relevant to their chosen trading instruments. By utilizing the News tab, traders can stay informed about both local and global market developments, aiding them in making well-informed trading decisions. 

 

Are there specific considerations for leverage when using MetaTrader 4 in Indonesia?  

Yes, Indonesian traders should approach leverage on MetaTrader 4 cautiously. While leverage can amplify profits, it also increases risks. Traders in Indonesia should use leverage wisely, understanding its implications and considering their risk tolerance before engaging in leveraged trading activities on the platform. 

Table of Contents