Best Forex Brokers in Indonesia
Scam Forex Brokers in Indonesia
5 Best MT5 Forex Brokers in Indonesia
The 5 best MT5 Forex brokers in Indonesia revealed. We have explored and tested several prominent MT5 Forex brokers in Indonesia to identify the 5 best.
This is a complete guide to the 5 best MT5 Forex brokers in Indonesia.
In this in-depth guide you’ll learn:
- What is an MT5 platform?
- How does MetaTrader 5 work as a platform?
- How to open an MT5 account?
- How to choose the best MT5 Forex broker in Indonesia
- Who are the best Forex brokers in Indonesia?
- How to use MT5 for beginner traders in Indonesia
And lots more…
So, if you’re ready to go “all in” with 5 best MT5 Forex brokers in Indonesia…
Let’s dive right in…
- Kayla Duvenage
Best MT5 Brokers for Indonesia Retail Traders – Comparison
| 🥇 No-Deposit Broker | 🎉 Open Account | 💰 Bonus Amount | 📝 Regulation | 💻 Trading Accounts Offered | 🚀 Trading Platforms |
| 1. Exness | Open Account | 10 USD / 6,030 IDR | FSA, CBCS, FSC, FSC BVI, FSCA, CySEC, FCA | Standard Account, Standard Cent Account, Raw Spread Account, Zero Account, Pro Account | MetaTrader 4, MetaTrader 5, Exness Terminal, Exness Trader app |
| 2. AvaTrade | Open Account | 100 USD / 60,300 IDR | Central Bank of Ireland (CBI), BVI FSC, ASIC, FSCA, JFSA, FFAJ, ADGM, CySEC, ISA | Retail Account, Professional Account | AvaTradeGO, AvaOptions, AvaSocial, MetaTrader 4, MetaTrader 5, DupliTrade, ZuluTrade |
| 3. HFM | Open Account | 0 USD / 0 IDR | FSCA, CySEC, DFSA, FSA, FCA, FSC, CMA | Micro Account, Premium Account, HFcopy Account, Zero Spread Account, Auto Account | MetaTrader 4 and MetaTrader 5 |
| 4. Pepperstone | Open Account | 0 USD / 0 IDR | ASIC, BaFin, CMA, CySEC, DFSA, FCA and SCB | Standard Account, Razor Account, Professional Account, Demo Account, Islamic Account | MetaTrader 4, MetaTrader 5, cTrader, TradingView, Myfxbook, Duplitrade |
| 5. Tickmill | Open Account | 100 USD / 60,300 IDR | Seychelles FSA, FCA, CySEC, Labuan FSA, FSCA | Pro Account, Classic Account, VIP Account | MetaTrader 4, MetaTrader 5 |
Top 10 Forex Brokers
Broker
Rating
Regulators
Min Deposit
Leverage
Website
Top 10 Forex Brokers
Broker
Rating
Min Deposit
Leverage
What is an MT5 Forex Broker?
MetaTrader 5 is a versatile trading platform widely used in the financial markets and offered by some Forex brokers in Indonesia. It offers a comprehensive suite of tools for trading various assets, including forex, stocks, and commodities.
MT5 features advanced charting, algorithmic trading capabilities, and a user-friendly interface, catering to both novice and experienced traders.
5 Best MT5 Brokers for Indonesia Retail Traders (2024)
- ✔️Exness – Overall, the Best Retail Accounts for Namibians
- ✔️AvaTrade – Best Forex Broker for Beginner Traders
- ✔️HFM – Top AutoCharist Broker
- Pepperstone – Best Forex Brokers for Advanced Namibia Traders
- Tickmill – Verified NAD Trading Accounts
1. Exness
Exness provides traders in Indonesia with the powerful MetaTrader 5 (MT5) platform, ensuring a seamless trading experience. Offering a diverse range of financial instruments, including forex, stocks, and commodities, Exness stands out with competitive spreads and swift execution.
Overall Rating
- 4.9/5
Min Deposit
10 USD / 157,151 IDR
Regulators
CBCS, CySEC, FCA, FSA, FSC, FSCA, CMA
Trading Desk
MetaTrader mobile, Exness Trade App, Exness Terminal, MetaTrader 5, MetaTrader 4, MetaTrader WebTerminal
Crypto
Total Pairs
107
Islamic Account
Trading Fees
Account Activation
Traders benefit from user-friendly interfaces, advanced charting tools, and algorithmic trading capabilities on MT5. With a commitment to transparency and reliability, Exness caters to the unique needs of Indonesian traders, providing a trustworthy platform for navigating the complexities of the global financial markets.
Exness Overview
| 📝 Regulation | FSA, CBCS, FSC, FSC BVI, FSCA, CySEC, FCA |
| 📱 Social Media Platforms | Instagram, Facebook, Twitter, YouTube, LinkedIn |
| 📜 OJK Regulation? | No |
| 🔎 Trading Accounts | Standard Account, Standard Cent Account, Raw Spread Account, Zero Account, Pro Account |
| 💻 Trading Platforms | MetaTrader 4, MetaTrader 5, Exness Terminal, Exness Trader app |
| 💸 Minimum Deposit | 10 USD / 157,151 IDR |
| 🔁 Trading Assets | Forex, Metals, Crypto, Energies, Indices, Stocks |
| 🚀 IDR-based Account? | No |
| 💳 IDR Deposits Allowed? | No |
| 💰 Bonuses for Indonesian traders? | No |
| 📊 Minimum spread | From 0.0 pips |
| ✔️ Demo Account | Yes |
| ✔️ Islamic Account | Yes |
| 🎉 Open An Account | Open Account |
Pros and Cons
| ✔️ Pros | ❌ Cons |
| Exness provides complimentary hosting for virtual private servers (VPS). | There are fewer assets that can be traded with Exness, and there are limited educational resourced for new traders to learn on the Exness platform. |
| Exness is kept in check by a trusted group of regulators. | |
| Exness provides some of the most competitive leverage rates on the FX market. | |
| Indonesian traders can contact customer service at any time of day or night. |
2. AvaTrade
AvaTrade, a premier Forex broker in Indonesia, provides traders with the sophisticated MetaTrader 5 (MT5) platform, elevating the trading experience. Offering a diverse array of financial instruments, including forex, stocks, and commodities, AvaTrade is distinguished by its commitment to empowering Indonesian traders.
Overall Rating
- 4.8/5
Min Deposit
100 USD / 1,571,515 IDR
Regulators
ASIC, FSA, CBI, BVI, FSCA, FRSA, CYCES, ISA, JFSA
Trading Desk
MetaTrader 4, MetaTrader 5, Ava Social, Ava Protect, Trading Central
Crypto
Total Pairs
55+
Islamic Account
Trading Fees
Account Activation
With MT5’s advanced charting, algorithmic trading capabilities, and user-friendly interface, AvaTrade ensures a seamless journey through global financial markets. Traders in Indonesia benefit from competitive spreads, efficient execution, and a customer-centric approach, establishing AvaTrade as a reliable partner for navigating the complexities of the financial world while meeting the unique needs of Indonesian traders.
AvaTrade Overview
| 📝 Regulation | Central Bank of Ireland (CBI), BVI FSC, ASIC, FSCA, JFSA, FFAJ, ADGM, CySEC, ISA |
| 📱 Social Media Platforms | Instagram, Facebook, Twitter, YouTube |
| 📜 OJK Regulation? | No |
| 🔎 Trading Accounts | Retail Account, Professional Account |
| 💻 Trading Platforms | AvaTradeGO, AvaOptions, AvaSocial, MetaTrader 4, MetaTrader 5, DupliTrade, ZuluTrade |
| 💸 Minimum Deposit | 100 USD / 1,571,515 IDR |
| 🔁 Trading Assets | Forex, 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 spread | From 0.0 pips |
| ✔️ Demo Account | Yes |
| ✔️ Islamic Account | Yes |
| 🎉 Open An Account | Open Account |
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. HFM
HFM empowers its users with the cutting-edge MetaTrader 5 (MT5) platform. Offering an extensive range of financial instruments, including forex, stocks, and commodities, HFM stands out with its commitment to providing a dynamic and reliable trading experience.
Overall Rating
- 4.8/5
Min Deposit
0 USD / 0 IDR
Regulators
FSCA, CySEC, DFSA, FSA, FCA, FSC, CMA
Trading Desk
MetaTrader 5, MetaTrader 4, HFM App
Crypto
Total Pairs
50+
Islamic Account
Trading Fees
Account Activation
Traders in Indonesia benefit from MT5’s advanced charting tools, algorithmic trading capabilities, and user-friendly interface. With HFM, Indonesian traders access competitive spreads, efficient execution, and a dedicated support system, ensuring a seamless journey through the intricacies of the global financial markets while meeting the specific needs of the local trading community.
HFM Overview
| 📝 Regulation | FSCA, CySEC, DFSA, FSA, FCA, FSC, CMA |
| 📱 Social Media Platforms | Facebook, Twitter, Telegram, Instagram, YouTube, LinkedIn |
| 📜 OJK Regulation? | No |
| 🔎 Trading Accounts | Micro Account, Premium Account, HFcopy Account, Zero Spread Account, Auto Account |
| 💻 Trading Platforms | MetaTrader 4 and MetaTrader 5 |
| 💸 Minimum Deposit | 0 USD / 0 IDR |
| 🔁 Trading Assets | Forex, 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 spread | From 0.0 pips |
| ✔️ Demo Account | Yes |
| ✔️ Islamic Account | Yes |
| 🎉 Open An Account | Open Account |
Pros and Cons
| ✔️ Pros | ❌ Cons |
| The EUR/USD currency pair offers highly competitive spreads starting from 0.9 pips. | HFM only offers a few deposit and withdrawal methods to Indonesian traders |
| A demo account is available for both novice traders seeking to acquire trading skills and experienced traders aiming to evaluate and refine their tactics. | |
| HFM offers a diverse range of asset classes that may be traded by investors. | |
| Traders from Indonesia are provided with convenient access to MetaTrader 4 and 5 platforms, which are available on PCs, mobile applications, and web-based interfaces. |
4. Pepperstone
Pepperstone provides a robust trading experience with the MetaTrader 5 (MT5) platform. Offering a diverse range of financial instruments, including forex, stocks, and commodities, Pepperstone caters to the unique needs of Indonesian traders.
The MT5 platform ensures advanced charting tools, algorithmic trading capabilities, and a user-friendly interface. With Pepperstone, Indonesian traders benefit from competitive spreads, swift execution, and a commitment to transparency.
Overall Rating
- 4.9/5
Min Deposit
0 USD / 0 IDR
Regulators
ASIC, BaFin, CMA, CySEC, DFSA, FCA, SCB
Trading Desk
MetaTrader 4, MetaTrader 5, cTrader, TradingView
Crypto
Total Pairs
60+
Islamic Account
Trading Fees
Account Activation
This brokerage is dedicated to empowering traders in Indonesia, offering a reliable and comprehensive solution for navigating the complexities of the global financial markets.
Pepperstone Overview
| 📝 Regulation | Pepperstone |
| 📱 Social Media Platforms | Facebook, Twitter, YouTube, LinkedIn |
| 📜 OJK Regulation? | No |
| 🔎 Trading Accounts | Standard Account, Razor Account, Professional Account, Demo Account, Islamic Account |
| 💻 Trading Platforms | MetaTrader 4, MetaTrader 5, cTrader, TradingView, Myfxbook, Duplitrade |
| 💸 Minimum Deposit | 0 USD / 0 IDR |
| 🔁 Trading Assets | Forex, Indices, Shares, Commodities, Cryptocurrencies, Futures, Options |
| 🚀 IDR-based Account? | No |
| 💳 IDR Deposits Allowed? | No |
| 💰 Bonuses for Indonesian traders? | No |
| 📊 Minimum spread | From 0.0 pips |
| ✔️ Demo Account | Yes |
| ✔️ Islamic Account | Yes |
| 🎉 Open An Account | Open Account |
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. |
5. Tickmill
Tickmill, a preferred Forex broker for Indonesian traders, enriches the trading journey with the MetaTrader 5 (MT5) platform. Offering an array of financial instruments, including forex, stocks, and commodities, Tickmill is dedicated to meeting the specific needs of Indonesian traders.
The MT5 platform ensures access to advanced charting tools, algorithmic trading capabilities, and a user-friendly interface. Indonesian traders benefit from Tickmill’s commitment to competitive spreads, efficient execution, and a transparent trading environment.
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 Total Pairs 62 Islamic Account Trading Fees Account Activation 
With a focus on empowerment, Tickmill provides a reliable solution for navigating the intricacies of the global financial markets, tailored to the preferences of traders in Indonesia.
Tickmill Overview
| 📝 Regulation | Seychelles FSA, FCA, CySEC, Labuan FSA, FSCA |
| 📱 Social Media Platforms | Instagram, Facebook, Twitter, YouTube, LinkedIn, Telegram |
| 📜 OJK Regulation? | No |
| 🔎 Trading Accounts | Pro Account, Classic Account, VIP Account |
| 💻 Trading Platforms | MetaTrader 4, MetaTrader 5 |
| 💸 Minimum Deposit | 100 USD / 1,555,300 IDR |
| 🔁 Trading Assets | Forex, Stock Indices, Energies, Precious Metals, Bonds, Cryptocurrencies |
| 🚀 IDR-based Account? | No |
| 💳 IDR Deposits Allowed? | No |
| 💰 Bonuses for Indonesian traders? | Yes |
| 📊 Minimum spread | From 0.0 pips |
| ✔️ Demo Account | Yes |
| ✔️ Islamic Account | Yes |
| 🎉 Open An Account | Open Account |
Pros and Cons
| ✔️ Pros | ❌ Cons |
| Tickmill has a very high trust score and is known for its competitive trading conditions. | There are no fixed spread accounts offered to traders in Indonesia |
| There are various convenient funding options accessible, including Skrill, Neteller, and others. | |
| Advanced traders can make use of a variety of tools, such as FIX API, AutoChartist, VPS, and others. |
How to choose the best MT5 Forex broker in Indonesia
Indonesian traders must evaluate the following components of an MT5 Forex broker 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 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 necessary tools.
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.
Beginner’s Guide to Trading with MT5 for Indonesian Traders
Selamat Datang (Welcome) to the exciting world of trading with MetaTrader 5, a powerful and versatile platform that caters to the needs of traders in Indonesia.
What is MT5?
MetaTrader 5 is a comprehensive trading platform developed by MetaQuotes Software. It’s widely used by traders around the world for accessing various financial markets, including forex, stocks, and commodities. In Indonesia, MT5 has gained popularity for its advanced features and user-friendly interface.
Why Choose MT5?
Diverse Asset Classes: MT5 allows Indonesian traders to access a wide range of financial instruments, enabling diversified trading portfolios.
Advanced Charting Tools: The platform offers advanced charting tools, including multiple timeframes and technical indicators, providing insights for better decision-making.
Algorithmic Trading: MT5 supports algorithmic trading through Expert Advisors (EAs), allowing automated execution of trading strategies.
User-Friendly Interface: Designed with simplicity in mind, MT5’s interface is easy to navigate, making it suitable for both beginners and experienced traders.
Getting Started with MT5
Opening an Account
Choose a Reliable Broker: Select a reputable broker that supports MT5. In Indonesia, there are several brokers like Pepperstone, HF Markets, and Tickmill that offer MT5 to cater to your trading needs.
Account Registration: Follow the broker’s account registration process. Provide the necessary documentation for identity verification as per local regulations.
Downloading and Installing MT5
Broker’s Website: Visit your chosen broker’s website and locate the MT5 download link.
Download MT5: Download the platform according to your device (Windows, Mac, or mobile).
Install MT5: Follow the installation instructions provided by the broker.
Logging In
Account Details: Enter the login credentials provided by your broker (account number, password, and server).
Server Selection: Choose the server based on your broker’s recommendations.
Navigating the MT5 Platform
Understanding the Interface
Market Watch: Displays real-time quotes for selected instruments.
Navigator: Houses your trading accounts, indicators, and EAs.
Chart Window: The main area where you analyze price movements and execute trades.
Terminal: Tracks your account history, open positions, and various trading functionalities.
Customizing Charts
Timeframes: Select different timeframes to analyze price movements over varying periods.
Indicators: Add technical indicators to enhance your analysis.
Drawing Tools: Utilize trendlines, shapes, and annotations for technical analysis.
Placing Trades on MT5
Market Execution
Selecting Instruments: Choose the financial instrument you want to trade.
Order Window: Set your trade parameters – volume, stop loss, take profit, and order type.
Executing the Trade: Click ‘Buy’ or ‘Sell’ to execute your market order.
Pending Orders
Types of Pending Orders: Learn about Buy Stop, Sell Stop, Buy Limit, and Sell Limit orders.
Setting Price Levels: Specify the price at which you want your pending order to be triggered.
Expiration: Choose whether your pending order is valid for the day or until cancelled.
Managing and Monitoring Trades
Stop Loss and Take Profit
Risk Management: Set stop loss to limit potential losses and take profit to secure profits.
Modifying Orders: Adjust stop loss and take profit levels as market conditions change.
Monitoring Positions
Terminal Window: Keep track of open positions, account balance, and equity.
Closing Positions: Close trades manually or set conditions for automated closure.
Advanced Features of MT5
Expert Advisors (EAs)
What are EAs: Understand the concept of algorithmic trading with Expert Advisors.
Installing EAs: Learn how to install and activate EAs on your MT5 platform.
Indicators and Scripts
Adding Custom Indicators: Explore the vast library of indicators available on MT5.
Scripts: Use scripts for one-time executions or specific tasks.
Risk Management and Strategies
Importance of Risk Management
Setting Risk Parameters: Define the percentage of your capital at risk in each trade.
Diversification: Spread your investments across different assets to manage risk.
Developing a Trading Strategy
Technical Analysis: Use chart patterns, indicators, and trend analysis.
Fundamental Analysis: Consider economic indicators, news, and events affecting the markets.
The Best Forex Brokers in Indonesia
In this article, we have listed the best brokers that offer Forex the MT5 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
- 4.9/5
Min Deposit
10 USD / 157,151 IDR
Regulators
CBCS, CySEC, FCA, FSA, FSC, FSCA, CMA
Trading Desk
MetaTrader mobile, Exness Trade App, Exness Terminal, MetaTrader 5, MetaTrader 4, MetaTrader WebTerminal
Crypto
Total Pairs
107
Islamic Account
Trading Fees
Account Activation
Overall, Exness is the best MetaTrader 4 broker in Indonesia. Exness is favoured by numerous traders as a brokerage due to its robust regulatory standing with multiple authorities and substantial leverage ratio. Exness is a highly favourable option for Indonesian traders owing to its round-the-clock customer support.
Best MetaTrader 5 / MT5 Forex Broker
Overall Rating
- 4.8/5
Min Deposit
100 USD / 1,571,515 IDR
Regulators
ASIC, FSA, CBI, BVI, FSCA, FRSA, CYCES, ISA, JFSA
Trading Desk
MetaTrader 4, MetaTrader 5, Ava Social, Ava Protect, Trading Central
Crypto
Total Pairs
55+
Islamic Account
Trading Fees
Account Activation
Overall, AvaTrade is the best MetaTrader 5 broker in Indonesia. AvaTrade, an esteemed brokerage firm, provides an extensive selection of trading products spanning more than 1,250 financial industries. AvaTrade prioritizes delivering an aesthetically pleasing trading environment in order to satisfy the requirements of Indonesian traders.
Best Forex Broker for beginners
Overall Rating
- 4.7/5
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
Trading Fees
No (Just spread)
Account Activation
Overall, XM is the best forex trading platform for beginners in Indonesia. XM provides an extensive selection of trading methods and prioritizes an inclusive atmosphere for novice traders. XM provides a variety of resources to foster comprehensive investigation and the acquisition of knowledge in the domain of foreign exchange trading.
Best Low Minimum Deposit Forex Broker
Overall Rating
- 4.7/5
Min Deposit
5 USD / 78,476 IDR
Regulators
Financial Services Commission of Mauritius
Trading Desk
Crypto
Total Pairs
61+
Islamic Account
Trading Fees
Account Activation
Overall, Alpari is the best minimum deposit forex trading platform in Indonesia. Alpari facilitates the process of making deposits and withdrawals for Indonesian traders by providing local payment methods. Low commissions and competitive spreads are offered by Alpari. A financial corporation known as Alpari offers a copy trading plan in addition to a trading application.
Best ECN Forex Broker
Overall Rating
- 4.7/5
Min Deposit
200 USD / 3,143,030 IDR
Regulators
ASIC, CySEC, FSA, SCB
Trading Desk
MetaTrader 4, MetaTrader 5, WebTrader, MetaTrader Mobile, cTrader, cTrader Web, cTrader Mobile
Crypto
Total Pairs
65
Islamic Account
Trading Fees
Account Activation
Overall, IC Markets is the best ECN forex trading broker in Indonesia. IC Markets has a well-established reputation for success as an ECN broker. IC Markets provides a variety of trading strategies, such as arbitrage and hedging. Additionally, they offer demo accounts, accounts that adhere to Islamic principles, and accounts that charge minimal transaction fees.
Best Islamic / Swap-Free Forex Broker
Overall Rating
- 4.6/5
Min Deposit
50 USD / 785,757 IDR
Regulators
FCA
Trading Desk
MetaTrader 4, Trading Station
Crypto
Total Pairs
7
Islamic Account
Trading Fees
Account Activation
Overall, FXCM is the best Islamic/swap-free forex trading platform in Indonesia. FXCM is an internationally renowned company that specializes in retail and institutional foreign exchange (currency) trading. FXCM was the inaugural Forex broker to be publicly traded on the prestigious New York Stock Exchange (NYSE: FXCM) since its establishment in 1999.
Best Forex Trading App
Overall Rating
- 4.7/5
Min Deposit
10 USD / 157,151 IDR
Regulators
CySec, FSC
Trading Desk
MT4, MT5, Mobile Trading
Crypto
Total Pairs
60+
Islamic Account
Trading Fees
Account Activation
Overall, FXTM has the best forex trading app in Indonesia. In addition to an assortment of state-of-the-art trading instruments, FXTM offers three live trading accounts. Demo accounts are accessible through all FXTM trading accounts.
Best Forex Rebates Broker
Overall Rating
- 4.7/5
Min Deposit
100 USD / 15,715,150 IDR
Regulators
CySec, FSCA, FCA
Trading Desk
FxPro Trading Platfrom
Crypto
Total Pairs
70+
Islamic Account
Trading Fees
Account Activation
Overall, FxPro is the Best Forex Rebates Broker in Indonesia. FxPro, a brokerage headquartered in the United Kingdom, specializes in electronic communication network (ECN) and straight-through processing (STP) services.
Retail traders may qualify for monthly direct remittances of up to 30% in forex cashback rebates into their trading accounts.
Best Lowest Spread Forex Broker
Overall Rating
- 4.7/5
Min Deposit
100 USD / 1,555,300 IDR
Regulators
Seychelles FSA, FCA, CySEC, Labuan FSA, FSCA
Trading Desk
MT4, MT5, Tickmill Mobile
Crypto
Total Pairs
62
Islamic Account
Trading Fees
Account Activation
Overall, Tickmill is the best lowest spread forex trading platform in Indonesia. Tickmill is an affordable broker that accommodates an extensive variety of trading strategies. Account holders of Tickmill are provided with a variety of financing options, which enable them to conduct deposits without incurring any supplementary fees. Thus, commerce is facilitated.
Best Nasdaq 100 Forex Broker
Overall Rating
- 4.8/5
Min Deposit
0 USD / 0 IDR
Regulators
FSCA, CySEC, DFSA, FSA, FCA, FSC, CMA
Trading Desk
MetaTrader 5, MetaTrader 4, HFM App
Crypto
Total Pairs
50+
Islamic Account
Trading Fees
Account Activation
Overall, HFM is the best Nasdaq 100 forex trading platform in Indonesia. A low minimum deposit is required to establish an account at HFM, and the platform provides an extensive selection of training materials to assist novice traders. The maximum leverage that HF Markets provides is 1:1000.
Best Volatility 75 / VIX 75 Forex Broker
Overall Rating
- 4.8/5
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
Total Pairs
80
Islamic Account
Trading Fees
Account Activation
Overall, IG is the best Volatility 75/VIX 75 forex trading platform in Indonesia. Indonesian novice traders are welcome to enrol at the IG Academy. Proficient traders are granted access to an extensive selection of state-of-the-art trading instruments.
Best NDD Forex Broker
Overall Rating
- 4.7/5
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
Total Pairs
70+
Islamic Account
Trading Fees
Account Activation
Overall, FP Markets is the best NDD forex trading broker in Indonesia. At FP Markets, there are numerous methods for depositing and withdrawing funds. An established Electronic Communication Network (ECN) pricing strategy is utilized by FP Markets to establish fair and competitive spreads.
Best STP Forex Broker
Overall Rating
- 4.9/5
Min Deposit
0 USD / 0 IDR
Regulators
FSCA, CySEC, DFSA, FSA, FCA, FSC, CMA
Trading Desk
MetaTrader 4, OANDA Platform, TradingView
Crypto
Total Pairs
45
Islamic Account
Trading Fees
Account Activation
Overall, Oanda is the best STP forex trading broker in Indonesia. No minimum deposit is required in order to utilize the advanced trading instruments provided by Oanda. Oanda offers a variety of dependable and versatile supplementary trading instruments.
Best Sign-up Bonus Broker
Overall Rating
- 4.7/5
Min Deposit
10 USD / 157,151 IDR
Regulators
FSC
Trading Desk
R StocksTrader, RoboForex terminals, MetaTrader 4, MetaTrader 5
Crypto
Total Pairs
40+
Islamic Account
Trading Fees
Account Activation
Overall, RoboForex is the best sign-up bonus forex trading platform in Indonesia. RoboForex provides its new clients with an enormous 100% bonus on their initial deposits, in addition to a vast selection of financial assets to trade.
Conclusion
Overall, MetaTrader 5 is an indispensable instrument for Indonesian traders entering the Forex market. It is a versatile platform due to its intuitive interface, robust analysis tools, and support for automated trading.
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Frequently Asked Questions
What advantages does MetaTrader 5 offer for Forex trading in Indonesia?
MetaTrader 5 (MT5) provides Indonesian traders with a diverse range of financial instruments, advanced charting tools, and algorithmic trading capabilities, making it a versatile platform suitable for various trading strategies and preferences.
How can I choose the right broker offering MetaTrader 5 for Forex trading in Indonesia?
When selecting a broker, consider factors like regulatory compliance, trading fees, customer support, and the range of financial instruments offered. Reputable brokers like Pepperstone, HFM, and Tickmill provide MT5 for Indonesian traders.
What are the key features of MetaTrader 5 that make it suitable for beginners in Indonesia?
MetaTrader 5’s user-friendly interface, extensive educational resources, and access to a demo account make it an ideal platform for beginners in Indonesia to learn and practice Forex trading before engaging in live markets.
Can I trade not only forex but also other financial instruments using MetaTrader 5 in Indonesia?
Yes, MetaTrader 5 supports trading in various financial instruments, including forex, stocks, and commodities. This allows Indonesian traders to diversify their portfolios and explore different segments of the global financial markets.
How can I use Expert Advisors (EAs) on MetaTrader 5 for automated trading in Indonesia?
To use Expert Advisors (EAs) on MT5 in Indonesia, you can either choose from the platform’s built-in EAs or import custom ones. Install the chosen EA on the platform, set parameters, and activate it to automate your trading strategies based on pre-defined conditions.