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Forex Brokers Indonesia

9 Best Forex No-Deposit Bonus Brokers in Indonesia

With a growing interest in Forex trading in Indonesia, there is a clear demand for accurate information about no-deposit bonus brokers.  

This article explores the top ten brokers giving these bonuses, going into their features, benefits, and how they adapt to the Indonesian market’s specific needs. In this in-depth guide, you’ll learn about the following: 

  • What is a No Deposit Bonus Broker?
  • Which brokers offer the best no-deposit bonus to Indonesian traders?
  • The Best 9 Forex No-Deposit Bonus Brokers in Indonesia 
  • Criteria for Selecting No-Deposit Bonus Brokers in Indonesia 
  • Which broker is best for beginner Indonesian traders?
  • Our Final Thoughts on Forex No-Deposit Bonus Brokers 
  • Withdrawable no deposit bonus – explained.

And lots more… 

So, if you’re ready to go “all in” with the 9 Best Forex No-Deposit Bonus Brokers in Indonesia… 

Let’s dive right in… 

Updated : February 6, 2024

9 Best Forex No-Deposit Bonus Brokers in Indonesia

🥇 No-Deposit Broker🎉 Open Account💰 Bonus Amount📝 Regulation💻 Trading Accounts Offered🚀 Trading Platforms
AdmiralsOpen Account100 USD / 1,570,600 IDRFCA, ASIC, CySEC, JSC, FSCA, FSA, CMATrade.MT4, Zero.MT4, Trade.MT5, Invest.MT5, Zero.MT5MetaTrader 4, MetaTrader 5, Admirals Mobile App
Windsor BrokersOpen Account30 USD / 471,180 IDRFSC, CySEC, JSC, FSA, CMAMT4 Zero, MT4 Prime, VIP ZEROMetaTrader 4, Windsor Brokers App
ForexChiefOpen Account100 USD / 1,570,600 IDRVFSAMT4.DirectFX, MT4.Classic+, Pamm-MT4.DirectFX, Pamm.MT4.Classic+, Cent-MT4.DirectFX, Cent-MT4.Classic, MT5.DirectFX, MT5.Classic+, Pamm-MT5.DirectFX, Pamm.MT5.Classic+, Cent-MT5.DirectFX, Cent-MT5.ClassicMetaTrader 4, MetaTrader 5
FreshForexOpen Account99 USD / 1,554,894 IDRSVG ,FSAClassic, Market Pro, ECNMetaTrader 4, MetaTrader 5
InstaForexOpen Account1,000 USD / 15,706,000 IDRBVI FSC, CySEC, FSA SVG, FCAInsta.Standard, Insta.Eurica , Cent.Standard, Cent.EuricaMetaTrader 4, MetaTrader 5, WebIFX, InstaForex Multi-Terminal, InstaForex WebTrader, InstaTick Trader, InstaForex MobileTrader
JustMarketsOpen Account30 USD / 471,180 IDRFSAStandard, Pro, Raw SpreadMetaTrader 4, MetaTrader 5, JustMarkets App
SuperForexOpen Account88 USD / 1,382,128 IDRNoneStandard, Swap-Free, No Spread, Micro Cent, Profi STP, Crypto, ECN Standard, ECN Standard Mini, ECN Swap-Free, ECN Swap-Free Mini, ECN CryptoMetaTrader 4, SuperForex App
XMOpen Account30 USD / 471,180 IDRFSCA, IFSC, ASIC, CySEC, DFSAMicro, Standard, XM Ultra-Low, SharesMetaTrader 4, MetaTrader 5, XM Mobile App
TickmillOpen Account30 USD / 471,180 IDRSeychelles FSA, FCA, CySEC, Labuan FSA, FSCAClassic, Pro, VIPMetaTrader 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 a no-deposit bonus broker?

In the Forex market, a no-deposit bonus is a monetary benefit brokers offer traders without requiring an initial deposit. It allows traders to start trading in real market conditions without investing money.

 

The Forex no-deposit bonus is a promotional technique brokers use to entice traders to sign up for and test their platform.

9 Best Forex No-Deposit Bonus Brokers in Indonesia (2023)

  1. ✔️Admirals – Overall, Best Volatility 75 / VIX 75 Forex Broker in Indonesia 
  2. ✔️Windsor Brokers – All Funds Funds Are Kept in Segregated Accounts
  3. ✔️ForexChiefInnovative Mobile Trading App
  4. FreshForex – Offers Trade Execution Speeds
  5. InstaForex – Offers Commission-Free Trading
  6. JustMarkets – Best Forex No-Deposit Broker in Indonesia
  7. SuperForex – Provides User-Friendly Trading Software
  8. XM – Expert Personal Customer Service for Clients
  9. TickmillWell-regulated in Several Regions

1. Admirals

Admirals review

 

Admirals, formerly Admiral Markets, offers Indonesian traders a 100 USD “Special Bonus.” This bonus, valid for 30 days after receipt, improves trading by increasing available margin but does not compensate for trading losses.  

 

Overall Rating

Min Deposit

1 USD / 15,553 IDR

Regulators

FCA, ASIC, CySEC, JSC, FSCA, FSA, CMA

Trading Desk

MetaTrader 4, MetaTrader 5, Admirals Mobile App

Crypto

Yes

Total Pairs

82+

Islamic Account

Yes

Trading Fees

Low

Account Activation

24 Hours

 

Each trading account can only have one active bonus and specified trading volume requirements must be completed to withdraw or transfer funds. The Admirals’ bonus is a well-structured program that encourages careful trading. 

 

Admirals Overview

🔎 BrokerAdmiral Markets
📝 RegulationFCA, ASIC, CySEC, JSC, FSCA, FSA, CMA
💻 Trading DeskMetaTrader 4, MetaTrader 5, Admirals Mobile App
🎉 No Deposit Bonus100 USD / 1,570,600 IDR
➖ Min. Deposit from1 USD / 15,553 IDR
🔁 Spreads from0.0
➕ Max Leverage1:1000
💳 CommissionStocks & ETFs – from 0.02 USD per share
🚀 Open an AccountOpen Account

 

Admirals No-deposit bonus

 

Pros and Cons

✔️ Pros❌ Cons
Admirals is a trusted and well-regulated brokerTraders cannot use the bonus to offset losses
Indonesians can increase their margin for trading using the bonusThe bonus is only available for 30 days
There is a generous 100 USD no-deposit bonus offered with a decent validity periodThere are strict requirements in place for withdrawals and internal transfers

 

2. Windsor Brokers 

Windsor Brokers review

 

New Prime Account clients at Windsor Brokers can avail themselves of a convenient $30 no-deposit bonus. Upon acceptance, the account receives free trading credit once the registration steps are completed.  

 

Overall Rating

Min Deposit

50 USD / 785,300 IDR

Regulators

FSC, CySEC, JSC, FSA, CMA

Trading Desk

MetaTrader 4, Windsor Brokers App

Crypto

Yes

Total Pairs

50+

Islamic Account

Yes

Trading Fees

Low

Account Activation

24 Hours

 

This promotional offer is open to individuals in various currencies. It aims to provide an inviting atmosphere for beginners interested in real trading without any initial financial commitment. 

 

Windsor Brokers Overview

🔎 BrokerWindsor Brokers
📝 RegulationFSC, CySEC, JSC, FSA, CMA
💻 Trading DeskMetaTrader 4, Windsor Brokers App
🎉 No Deposit Bonus30 USD / 471,180 IDR
➖ Min. Deposit from50 USD / 785,757 IDR
🔁 Spreads from0 pips
➕ Max Leverage1:1000
💳 Commission$8 commission round turn
🚀 Open an AccountOpen Account

 

Windsor Brokers No-Deposit Bonus

 

Pros and Cons

✔️ Pros❌ Cons
Windsor Brokers is a trusted broker with robust customer supportThe bonus is limited to new Prime Accounts
There is a 30 USD no-deposit bonus offered to all new live trading accountsThere are limited trading platforms compared to other brokers
Traders can register a multi-currency account

 

3. ForexChief 

ForexChief review

 

The $100 no-deposit incentive from ForexChief provides an excellent opportunity for Indonesian traders to evaluate services and trading tactics. 

 

Overall Rating

Min Deposit

10 USD / 157,151 IDR

Regulators

VFSA

Trading Desk

MetaTrader 4, MetaTrader 5

Crypto

Yes

Total Pairs

150+

Islamic Account

Yes

Trading Fees

Low

Account Activation

24 Hours

 

A quick verification process, an infinite duration, acceptance of all trading techniques, and an easy withdrawal process for the bonus and winnings are among the key advantages. The bonus structure is intended to give the best combination of flexibility and incentive for both novice and experienced traders. 

 

ForexChief Overview

🔎 BrokerForexChief
📝 RegulationVFSA
💻 Trading DeskMetaTrader 4, MetaTrader 5
🎉 No Deposit Bonus100 USD / 1,570,600 IDR
➖ Min. Deposit from10 USD / 157,151 IDR
🔁 Spreads fromfrom 0.9 pips
➕ Max Leverage1:1000
💳 Commission$2.5 / €2.5 / £2.5
🚀 Open an AccountOpen Account

 

ForexChief No-Deposit Bonus

 

Pros and Cons 

✔️ Pros❌ Cons
Traders can use the ForexChief app to trade from anywhereThere is a complex procedure to withdraw the no-deposit bonus
There are no restrictions on trading strategies
Traders can get a 100 USD no-deposit bonus that does not expire

4. FreshForex 

FreshForex review

 

FreshForex’s innovative approach to no-deposit bonuses provides Indonesians with a 99 USD offer focusing on profit preservation within 7 calendar days.  

 

Overall Rating

Min Deposit

0 USD / 0 IDR

Regulators

SVG ,FSA

Trading Desk

MetaTrader 4, MetaTrader 5

Crypto

Yes

Total Pairs

52+

Islamic Account

Yes

Trading Fees

Low

Account Activation

24 Hours

 

The terms allow traders to protect their earnings by depositing an amount equal to or greater than their profits. FreshForex’s no-deposit bonus stands out in the market, catering to traders searching for a quick boost to their trading capital. 

 

FreshForex Overview

🔎 BrokerFreshForex
📝 RegulationSVG ,FSA
💻 Trading DeskMetaTrader 4, MetaTrader 5
🎉 No Deposit Bonus99 USD / 1,554,894 IDR
➖ Min. Deposit from0 USD / 0 IDR
🔁 Spreads from0 pips
➕ Max Leverage1:2000
💳 CommissionFrom 0.003% per contract
🚀 Open an AccountOpen Account

 

FreshForex

 

Pros and Cons 

✔️ Pros❌ Cons
FreshForex has competitive trading conditions and decent leverage ratiosThere is a limited 7-day period tied to the bonus
FreshForex has prompt and friendly customer supportTraders must deposit or exceed the deposit with profits to keep it
Indonesians can earn a 99 USD no-deposit bonus when they register an account

 

5. InstaForex 

InstaForex review

 

InstaForex offers a significant $1,000 no-deposit incentive to new clients in Indonesia. The bonus is promptly credited upon completion of account verification, allowing for quick trading.  

 

Overall Rating

Min Deposit

1 USD / 15,715 IDR

Regulators

BVI FSC, CySEC, FSA SVG, FCA

Trading Desk

MetaTrader 4, MetaTrader 5, WebIFX, InstaForex Multi-Terminal, InstaForex WebTrader, InstaTick Trader, InstaForex MobileTrader

Crypto

Yes

Total Pairs

4

Islamic Account

Yes

Trading Fees

Low

Account Activation

24 Hours

 

While the bonus stays non-withdrawable and expires at the first withdrawal, any earnings over the bonus can be withdrawn anytime. The incentive offered by InstaForex is an intriguing entrance point for people wishing to begin trading without financial risk. 

 

InstaForex Overview

🔎 BrokerInstaForex
📝 RegulationBVI FSC, CySEC, FSA SVG, FCA
💻 Trading DeskMetaTrader 4, MetaTrader 5, WebIFX, InstaForex Multi-Terminal, InstaForex WebTrader, InstaTick Trader, InstaForex MobileTrader
🎉 No Deposit Bonus1,000 USD / 15,706,000 IDR
➖ Min. Deposit from1 USD / 15,715 IDR
🔁 Spreads fromfrom 0 pips
➕ Max Leverage1:1-1:1000
💳 Commission0.03% – 0.07%
🚀 Open an AccountOpen Account

 

InstaForex

 

Pros and Cons 

✔️ Pros❌ Cons
The $1,000 is extremely generousThe bonus is non-withdrawable and will expire when traders make their first withdrawal
Traders can withdraw profits they make over the bonus amountAccount verification can be complex
Indonesians can access a large range of trading tools and education
Offers powerful trading software

 

6. JustMarkets 

JustMarkets review

 

JustMarkets caters particularly to Indonesian traders, offering a $30 Welcome Bonus via their unique “Welcome Account.” It offers trading in forex currency pairs and commodities denominated in USD to new clients and is limited to one bonus per client.  

 

Overall Rating

Min Deposit

10 USD / 156,953 IDR

Regulators

FSA

Trading Desk

MetaTrader 4, MetaTrader 5, JustMarkets App

Crypto

Yes

Total Pairs

240+

Islamic Account

Yes

Trading Fees

Low

Account Activation

24 Hours

 

The bonus promotes a safe trading environment, encouraging users to explore the platform. Multiple bonus accounts are prohibited by strict restrictions, assuring fairness for all clients. 

 

JustMarkets Overview

🔎 BrokerJustMarkets
📝 RegulationFSA
💻 Trading DeskMetaTrader 4, MetaTrader 5, JustMarkets App
🎉 No Deposit Bonus30 USD / 471,180 IDR
➖ Min. Deposit from10 USD / 156,953 IDR
🔁 Spreads from0.3 pips
➕ Max Leverage1:3000
💳 CommissionNone
🚀 Open an AccountOpen Account

 

JustMarkets

 

Pros and Cons 

✔️ Pros❌ Cons
Indonesians receive a 30 USD no-deposit bonus when they registerOnly one welcome account allowed per client
Traders can register flexible trading accountsThere are limited markets to trade
JustMarkets has clear guidelines and bonus eligibility

 

7. SuperForex 

SuperForex review

 

SuperForex’s no-deposit bonus of 88 USD is available to all qualified clients and covers various account types. This incentive gives flexibility and encourages continuing involvement by having no predetermined expiration date and the ability to collect the bonus again under specific conditions.  

 

Overall Rating

Min Deposit

1 USD / 15,715 IDR

Regulators

None

Trading Desk

MetaTrader 4, SuperForex App

Crypto

Yes

Total Pairs

300

Islamic Account

Yes

Trading Fees

Low

Account Activation

24 Hours

 

Though the incentive is not withdrawable, earnings can be claimed with certain limits, making it a versatile offer for Indonesian traders. 

 

SuperForex Overview

🔎 BrokerSuperForex
📝 RegulationNone
💻 Trading DeskMetaTrader 4, SuperForex App
🎉 No Deposit Bonus88 USD / 1,382,128 IDR
➖ Min. Deposit from1 USD / 15,715 IDR
🔁 Spreads from0.5pips
➕ Max Leverage1:1000
💳 Commission1% – 5% plus additional fees
🚀 Open an AccountOpen Account

 

SuperForex 

 

Pros and Cons 

✔️ Pros❌ Cons
SuperForex is a trusted broker with robust customer supportThe bonus is limited to new Prime Accounts
There is a 30 USD no-deposit bonus offered to all new live trading accountsThere are limited trading platforms compared to other brokers
Traders can register a multi-currency account

 

8. XM 

XM review

 

XM, a worldwide famous broker, provides new clients with a $30 no-deposit bonus. This offer is instantly credited without requiring a deposit, but withdrawing the bonus and any associated winnings requires trading at least 5 standard lots.  

 

This offer is intended to attract new traders and provide an opportunity to learn about the trading environment at XM.  

 

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

 

However, Indonesians should be aware of the company’s regional regulatory duties, which are reflected in the exclusion of clients registered with Trading Point of Financial Instruments Ltd and its UK counterpart. 

 

XM Overview

🔎 BrokerXM
📝 RegulationFSCA, IFSC, ASIC, CySEC, DFSA
💻 Trading DeskMetaTrader 4, MetaTrader 5, XM Mobile App
🎉 No Deposit Bonus30 USD / 471,180 IDR
➖ Min. Deposit from5 USD / 78,575 IDR
🔁 Spreads from0 pips
➕ Max Leverage1000:1
💳 CommissionNone
🚀 Open an AccountOpen Account

 

XM

 

Pros and Cons 

✔️ Pros❌ Cons
Newly registered traders get 30 USD once they verify a trading accountSpecific regions are restricted from service
XM offers user-friendly programs and a large range of instrumentsThere is a high 5 standard lot trading volume requirement to withdraw the bonus
XM has an extremely strong regulatory framework

 

9. Tickmill

Tickmill review

 

Tickmill, a well-known broker, offers a $30 Welcome Account to all new clients, including Indonesians. With this incentive, traders get access to a wide range of trading products, including Forex, stock indices, commodities, and bonds.  

 

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

 

The withdrawal procedure is simple, requiring the completion of 5 standard lots and 20 round turn trades. Tickmill’s compensation system is geared toward novice and seasoned traders who want to experiment with different markets without making initial investments. 

 

Tickmill Overview

🔎 BrokerTickmill
📝 RegulationSeychelles FSA, FCA, CySEC, Labuan FSA, FSCA
💻 Trading DeskMT4, MT5, Tickmill Mobile
🎉 No Deposit Bonus30 USD / 471,180 IDR
➖ Min. Deposit from100 USD / 1,555,300 IDR
🔁 Spreads from0 pips
➕ Max Leverage1:500
💳 Commission2 per side per 100,000 traded
🚀 Open an AccountOpen Account

 

Tickmill

 

Pros and Cons 

✔️ Pros❌ Cons
All new clients are eligible for the 30 USD no-deposit bonusTraders must trade at least 5 standard lots and 20 round-turn trades to be able to withdraw their bonus
Tickmill has transparent withdrawal conditionsThere are limited bonus offerings when compared to other brokers
Several asset classes can be traded

 

Criteria for Selecting No-Deposit Bonus Brokers in Indonesia 

Criteria for Selecting No-Deposit Bonus Brokers in Indonesia 

 

Selecting the right Forex broker that offers no-deposit bonuses in Indonesia is a critical decision that can influence a trader’s success in the market. Careful consideration of various criteria ensures a reliable, transparent, and effective trading experience.  

 

This section outlines the essential factors when choosing no-deposit bonus brokers in Indonesia. 

 

Security and Regulation 

Licensing and Regulation 

Brokers must follow the rules and regulations established by BAPPEBTI or other applicable regulatory entities. Ensuring the broker has a valid legal protection and reputation license is critical. It is best to check the broker’s status immediately on the website of the regulating organization. 

 

Data Security 

The broker should use cutting-edge encryption technology, firewalls, and secure communication protocols to prevent unwanted access and data breaches. Traders should seek Secure Sockets Layer (SSL) encryption and double-check the broker’s privacy policies. 

 

Client Fund Segregation 

By segregating client funds from the operational finances of the company, it guarantees that brokers cannot misuse these funds for any other financial purposes.  

 

This measure also provides a sense of security to clients as their funds remain protected even when the brokerage faces financial challenges. 

 

Platform and Tools 

Trading Platform 

An ideal trading platform must offer various analytical tools, charts, indicators, and seamless trade execution. The user-friendly interface should be highly customizable while ensuring ease of use and stability to enhance the overall trading experience. 

 

Demo Account 

A demo account lets you practice trading strategies without putting real money at stake. It grants the opportunity to assess market behaviour, test various tactics, and evaluate how the platform responds. 

 

Leverage and Spread 

Leverage increases the trade size and can improve earnings while also increasing dangers. Transaction costs are influenced by spreads, which differ between purchase and sell prices.  

 

Examining these elements is critical for evaluating prospective profitability and trading style alignment. 

 

Customer Support 

Language and Availability 

The availability of customer support in the local language facilitates clear communication. Round-the-clock help, particularly during trading hours, ensures prompt assistance when required. 

 

Communication Channels 

Providing several channels for customers to contact customer service (e.g., chat, email, phone) provides flexibility and demonstrates a dedication to client pleasure. 

 

Quality of Support 

The support quality can be evaluated through a trial experience or by examining customer feedback. Exceptional customer service is characterized by meticulous attention to detail, concise and prompt responses, and empathetic customer interactions. 

 

Bonus Amount and Withdrawal 

Understanding the amount, withdrawal process, and associated requirements is essential for effectively managing expectations. Failure to meet certain trading requirements often results in withheld profits. 

 

Trading Requirements 

No-deposit incentives are sometimes attached to minimum trading volume, lot size, or trade frequency conditions. Being aware of these standards ensures compliance and avoids unanticipated stumbling blocks. 

 

Expiration Date 

Knowing the bonus’s validity duration allows you to arrange your trading actions accordingly. Ignorance of this feature could result in the loss of the bonus or associated profits. 

The Best Forex Brokers in Indonesia 

In this article, we have listed the best brokers that offer forex trading to traders in Indonesia. We have further identified the brokers that offer additional services and solutions to Indonesian traders. 

 

Best MetaTrader 4 / MT4 Forex Broker in Indonesia 

Overall Rating

Min Deposit

0 USD / 0 IDR

Regulators

FSA, FCA, ASIC, DFSA

Trading Desk

Autochartist, MT4 WebTrader, MT4 NexGen, Axi platform

Crypto

Yes

Total Pairs

66

Islamic Account

Yes

Trading Fees

Low

Account Activation

24 Hours

 

Overall, Axi is the best MT4 forex broker in Indonesia. Axi gives Indonesians access to MetaTrader 4 and its innovative NexGen platform, which provides correlation traders with an intuitive terminal window, an automated trade journal, and other features. 

 

Best MetaTrader 5 / MT5 Forex Broker in Indonesia 

Overall Rating

Min Deposit

10 USD / 157,151 IDR

Regulators

FSC, FSA, FSCA

Trading Desk

MetaTrader 4, MetaTrader 5, BDSwiss Mobile App, BDSwiss Webtrader

Crypto

Yes

Total Pairs

83

Islamic Account

Yes

Trading Fees

Low

Account Activation

24 Hours

 

Overall, BDSwiss is the best MetaTrader 5 Forex Broker in Indonesia. BDSwiss offers CFD trading on the MT5 platform to all levels of participants.  

 

Traders in Indonesia have access to cutting-edge market data, extensive educational materials, and a vast array of MT5 trading instruments with no trading strategy restrictions. 

 

Best Forex Broker for Beginners in Indonesia 

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 Forex Broker for beginners in Indonesia. IC Markets welcomes all newcomers and provides many educational resources, such as videos, analyses, guidelines, and tutorials. 

 

Best Low Minimum Deposit Forex Broker in Indonesia 

Overall Rating

Min Deposit

20 USD / 314,303 IDR

Regulators

ASIC, FCA, Cyprus, SCB, MiFID

Trading Desk

MetaTrader 4, TradingView, Capital.com web, CFD trading app

Crypto

Yes

Total Pairs

120+

Islamic Account

Yes

Trading Fees

Low

Account Activation

24 Hours

 

Overall, Capital.com is the best Low Minimum Deposit Forex Broker in Indonesia. To begin trading with Capital.com, Indonesians can create a trading account and deposit a minimum of 304,500 IDR ($20) using various payment methods. 

 

Best ECN Forex Broker in Indonesia 

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 ECN forex broker in Indonesia. Exness is known for its reliable and rapid ECN execution. In addition, Indonesians can anticipate zero-pip spreads on major instruments, such as the EUR/USD, and extremely low commission fees. 

 

Best Islamic / Swap-Free Forex Broker in Indonesia 

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 Islamic / Swap-Free Forex Broker in Indonesia. HFM provides Islamic Accounts with 0 pip spreads, minimal commissions, and Halal trading conditions for over 1,000 financial assets to Muslim traders in Indonesia. 

 

Best Forex Trading App in Indonesia 

Overall Rating

Min Deposit

5 USD / 78,476 IDR

Regulators

FSCA, IFSC, ASIC, CySEC, DFSA, FCA

Trading Desk

FBS Trader, MetaTrader 4, MetaTrader 5, CopyTrade

Crypto

Yes

Total Pairs

36

Islamic Account

Yes

Trading Fees

Low

Account Activation

24 Hours

 

Overall, FBS is the best Forex trading app in Indonesia. FBS is renowned for its innovative and user-friendly mobile trading interface, and its Android and iOS applications offer a feature-rich trading experience. 

 

Best Forex Rebates Broker in Indonesia 

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 Rebates Broker in Indonesia. AvaTrade counterparties from Indonesia can earn up to 20% of the spread or 0.35 pips on Forex, bitcoin, and other assets. 

 

Best Lowest Spread Forex Broker in Indonesia 

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

 

Overall, Pepperstone is the best, lowest-spread Forex Broker in Indonesia. Pepperstone is a well-known Forex broker that offers Indonesian traders access to various instruments with spreads beginning at 0 pips on liquid currency pairs. 

 

Best Nasdaq 100 Forex Broker in Indonesia 

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 Nasdaq 100 forex broker in Indonesia. OANDA offers NASDAQ 100 index CFDs with competitive spreads commencing at 0.1 pips and a maximum leverage of 1:66. 

 

Best Volatility 75 / VIX 75 Forex Broker in Indonesia 

Overall Rating

Min Deposit

1 USD / 15,553 IDR

Regulators

FCA, ASIC, CySEC, JSC, FSCA, FSA, CMA

Trading Desk

MetaTrader 4, MetaTrader 5, Admirals Mobile App

Crypto

Yes

Total Pairs

82+

Islamic Account

Yes

Trading Fees

Low

Account Activation

24 Hours

 

Overall, Admirals is Indonesia’s best Volatility 75 / VIX 75 Forex Broker. Admirals’ live trading accounts provide access to over 8,000 financial instruments, including an impressive portfolio of CFDs on Indices like the VIX 75. 

 

Best NDD Forex Broker in Indonesia 

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 NDD forex broker in Indonesia. Admirals offers Indonesians some of the best STP and ECN accounts for MetaTrader 4 and 5. Spreads are competitively low, beginning at 0 pips with competitive commissions. 

 

Best STP Forex Broker in Indonesia 

Overall Rating

Min Deposit

200 USD / 3,143,030 IDR

Regulators

ASIC, CySec, FSC, FSA, SCA

Trading Desk

MetaTrader 4, MetaTrader 5, Mobile trading platforms, cTrader, WebTrader, cTrader Copy Trading, PAMM

Crypto

Yes

Total Pairs

600+

Islamic Account

Yes

Trading Fees

Low

Account Activation

24 Hours

 

Overall, GO Markets is the best STP Forex Broker in Indonesia. GO Markets allows Indonesian traders to establish Standard Accounts and trade a variety of CFDs, including indices, with spreads beginning at 1 pip. 

Conclusion

In conclusion, the top 9 Best Forex No-Deposit Bonus Brokers are Admirals, Windsor Brokers, ForexChief, FreshForex, InstaForex, JustMarkets, SuperForex, XM and Tickmill.

 

The bonuses these brokers offer allow traders to experiment with real-world market circumstances without risking their own money, allowing new and experienced traders to evaluate platforms, methods, and services.

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Frequently Asked Questions

What are no-deposit bonus brokers in Forex trading? 

Brokers that offer no-deposit bonuses provide bonuses to traders without requiring an initial deposit, allowing them to begin trading with a funded account. 

 

How are the top 10 brokers selected in Indonesia? 

Security, regulations, platform features, customer service, and overall user experience are among the criteria used to pick the top ten brokers. 

 

Is Forex trading with a no-deposit bonus legal in Indonesia? 

Yes, trading forex with no-deposit incentives is legal in Indonesia if the broker follows local regulations and laws. 

 

What are the main benefits of using a no-deposit bonus broker in Indonesia? 

The key advantages are the option to start trading without making an initial payment, evaluating the platform, and obtaining a genuine trading experience. 

 

How can I compare different no-deposit bonus brokers in Indonesia? 

When comparing brokers, it is necessary to consider their security, laws, platform tools, customer support, and user feedback. 

 

Are there any risks associated with trading with no-deposit bonus brokers? 

Yes, there are risks associated with no-deposit bonus brokers. While no-deposit bonus brokers provide one-of-a-kind opportunities, risks may include specific terms and conditions, potential platform limits, and the need to comply with regulatory regulations. 

 

What is a Withdrawable No Deposit Bonus in Forex Trading?

A Withdrawable No Deposit Bonus is a promotional offer provided by some Forex brokers to attract new traders. It typically involves receiving a certain amount of bonus funds into your trading account without the need to make an initial deposit.

 

The key feature of this bonus is that, under certain conditions, you can withdraw the bonus amount or profits earned from it.

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