Scam Forex Brokers in 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…
- Kayla Duvenage
9 Best Forex No-Deposit Bonus Brokers in Indonesia
| 🥇 No-Deposit Broker | 🎉 Open Account | 💰 Bonus Amount | 📝 Regulation | 💻 Trading Accounts Offered | 🚀 Trading Platforms |
| Admirals | Open Account | 100 USD / 1,570,600 IDR | FCA, ASIC, CySEC, JSC, FSCA, FSA, CMA | Trade.MT4, Zero.MT4, Trade.MT5, Invest.MT5, Zero.MT5 | MetaTrader 4, MetaTrader 5, Admirals Mobile App |
| Windsor Brokers | Open Account | 30 USD / 471,180 IDR | FSC, CySEC, JSC, FSA, CMA | MT4 Zero, MT4 Prime, VIP ZERO | MetaTrader 4, Windsor Brokers App |
| ForexChief | Open Account | 100 USD / 1,570,600 IDR | VFSA | MT4.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.Classic | MetaTrader 4, MetaTrader 5 |
| FreshForex | Open Account | 99 USD / 1,554,894 IDR | SVG ,FSA | Classic, Market Pro, ECN | MetaTrader 4, MetaTrader 5 |
| InstaForex | Open Account | 1,000 USD / 15,706,000 IDR | BVI FSC, CySEC, FSA SVG, FCA | Insta.Standard, Insta.Eurica , Cent.Standard, Cent.Eurica | MetaTrader 4, MetaTrader 5, WebIFX, InstaForex Multi-Terminal, InstaForex WebTrader, InstaTick Trader, InstaForex MobileTrader |
| JustMarkets | Open Account | 30 USD / 471,180 IDR | FSA | Standard, Pro, Raw Spread | MetaTrader 4, MetaTrader 5, JustMarkets App |
| SuperForex | Open Account | 88 USD / 1,382,128 IDR | None | Standard, Swap-Free, No Spread, Micro Cent, Profi STP, Crypto, ECN Standard, ECN Standard Mini, ECN Swap-Free, ECN Swap-Free Mini, ECN Crypto | MetaTrader 4, SuperForex App |
| XM | Open Account | 30 USD / 471,180 IDR | FSCA, IFSC, ASIC, CySEC, DFSA | Micro, Standard, XM Ultra-Low, Shares | MetaTrader 4, MetaTrader 5, XM Mobile App |
| Tickmill | Open Account | 30 USD / 471,180 IDR | Seychelles FSA, FCA, CySEC, Labuan FSA, FSCA | Classic, Pro, VIP | 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 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)
Admirals – Overall, Best Volatility 75 / VIX 75 Forex Broker in Indonesia - Windsor Brokers – All Funds Funds Are Kept in Segregated Accounts
- ForexChief – Innovative Mobile Trading App
- FreshForex – Offers Trade Execution Speeds
- InstaForex – Offers Commission-Free Trading
- JustMarkets – Best Forex No-Deposit Broker in Indonesia
- SuperForex – Provides User-Friendly Trading Software
- XM – Expert Personal Customer Service for Clients
- Tickmill – Well-regulated in Several Regions
1. Admirals
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
- 4.7/5
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
Total Pairs
82+
Islamic Account
Trading Fees
Account Activation
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
| 🔎 Broker | Admiral Markets |
| 📝 Regulation | FCA, ASIC, CySEC, JSC, FSCA, FSA, CMA |
| 💻 Trading Desk | MetaTrader 4, MetaTrader 5, Admirals Mobile App |
| 🎉 No Deposit Bonus | 100 USD / 1,570,600 IDR |
| ➖ Min. Deposit from | 1 USD / 15,553 IDR |
| 🔁 Spreads from | 0.0 |
| ➕ Max Leverage | 1:1000 |
| 💳 Commission | Stocks & ETFs – from 0.02 USD per share |
| 🚀 Open an Account | Open Account |
Pros and Cons
| ✔️ Pros | ❌ Cons |
| Admirals is a trusted and well-regulated broker | Traders cannot use the bonus to offset losses |
| Indonesians can increase their margin for trading using the bonus | The bonus is only available for 30 days |
| There is a generous 100 USD no-deposit bonus offered with a decent validity period | There are strict requirements in place for withdrawals and internal transfers |
2. Windsor Brokers
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
- 4.7/5
Min Deposit
50 USD / 785,300 IDR
Regulators
FSC, CySEC, JSC, FSA, CMA
Trading Desk
MetaTrader 4, Windsor Brokers App
Crypto
Total Pairs
50+
Islamic Account
Trading Fees
Account Activation
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
| 🔎 Broker | Windsor Brokers |
| 📝 Regulation | FSC, CySEC, JSC, FSA, CMA |
| 💻 Trading Desk | MetaTrader 4, Windsor Brokers App |
| 🎉 No Deposit Bonus | 30 USD / 471,180 IDR |
| ➖ Min. Deposit from | 50 USD / 785,757 IDR |
| 🔁 Spreads from | 0 pips |
| ➕ Max Leverage | 1:1000 |
| 💳 Commission | $8 commission round turn |
| 🚀 Open an Account | Open Account |
Pros and Cons
| ✔️ Pros | ❌ Cons |
| Windsor Brokers is a trusted broker with robust customer support | The bonus is limited to new Prime Accounts |
| There is a 30 USD no-deposit bonus offered to all new live trading accounts | There are limited trading platforms compared to other brokers |
| Traders can register a multi-currency account |
3. ForexChief
The $100 no-deposit incentive from ForexChief provides an excellent opportunity for Indonesian traders to evaluate services and trading tactics.
Overall Rating
- 4.2/5
Min Deposit
10 USD / 157,151 IDR
Regulators
VFSA
Trading Desk
MetaTrader 4, MetaTrader 5
Crypto
Total Pairs
150+
Islamic Account
Trading Fees
Account Activation
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
| 🔎 Broker | ForexChief |
| 📝 Regulation | VFSA |
| 💻 Trading Desk | MetaTrader 4, MetaTrader 5 |
| 🎉 No Deposit Bonus | 100 USD / 1,570,600 IDR |
| ➖ Min. Deposit from | 10 USD / 157,151 IDR |
| 🔁 Spreads from | from 0.9 pips |
| ➕ Max Leverage | 1:1000 |
| 💳 Commission | $2.5 / €2.5 / £2.5 |
| 🚀 Open an Account | Open Account |
Pros and Cons
| ✔️ Pros | ❌ Cons |
| Traders can use the ForexChief app to trade from anywhere | There 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’s innovative approach to no-deposit bonuses provides Indonesians with a 99 USD offer focusing on profit preservation within 7 calendar days.
Overall Rating
- 4.3/5
Min Deposit
0 USD / 0 IDR
Regulators
SVG ,FSA
Trading Desk
MetaTrader 4, MetaTrader 5
Crypto
Total Pairs
52+
Islamic Account
Trading Fees
Account Activation
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
| 🔎 Broker | FreshForex |
| 📝 Regulation | SVG ,FSA |
| 💻 Trading Desk | MetaTrader 4, MetaTrader 5 |
| 🎉 No Deposit Bonus | 99 USD / 1,554,894 IDR |
| ➖ Min. Deposit from | 0 USD / 0 IDR |
| 🔁 Spreads from | 0 pips |
| ➕ Max Leverage | 1:2000 |
| 💳 Commission | From 0.003% per contract |
| 🚀 Open an Account | Open Account |
Pros and Cons
| ✔️ Pros | ❌ Cons |
| FreshForex has competitive trading conditions and decent leverage ratios | There is a limited 7-day period tied to the bonus |
| FreshForex has prompt and friendly customer support | Traders 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 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
- 4.4/5
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
Total Pairs
4
Islamic Account
Trading Fees
Account Activation
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
| 🔎 Broker | InstaForex |
| 📝 Regulation | BVI FSC, CySEC, FSA SVG, FCA |
| 💻 Trading Desk | MetaTrader 4, MetaTrader 5, WebIFX, InstaForex Multi-Terminal, InstaForex WebTrader, InstaTick Trader, InstaForex MobileTrader |
| 🎉 No Deposit Bonus | 1,000 USD / 15,706,000 IDR |
| ➖ Min. Deposit from | 1 USD / 15,715 IDR |
| 🔁 Spreads from | from 0 pips |
| ➕ Max Leverage | 1:1-1:1000 |
| 💳 Commission | 0.03% – 0.07% |
| 🚀 Open an Account | Open Account |
Pros and Cons
| ✔️ Pros | ❌ Cons |
| The $1,000 is extremely generous | The bonus is non-withdrawable and will expire when traders make their first withdrawal |
| Traders can withdraw profits they make over the bonus amount | Account verification can be complex |
| Indonesians can access a large range of trading tools and education | |
| Offers powerful trading software |
6. JustMarkets
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
- 4.4/5
Min Deposit
10 USD / 156,953 IDR
Regulators
FSA
Trading Desk
MetaTrader 4, MetaTrader 5, JustMarkets App
Crypto
Total Pairs
240+
Islamic Account
Trading Fees
Account Activation
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
| 🔎 Broker | JustMarkets |
| 📝 Regulation | FSA |
| 💻 Trading Desk | MetaTrader 4, MetaTrader 5, JustMarkets App |
| 🎉 No Deposit Bonus | 30 USD / 471,180 IDR |
| ➖ Min. Deposit from | 10 USD / 156,953 IDR |
| 🔁 Spreads from | 0.3 pips |
| ➕ Max Leverage | 1:3000 |
| 💳 Commission | None |
| 🚀 Open an Account | Open Account |
Pros and Cons
| ✔️ Pros | ❌ Cons |
| Indonesians receive a 30 USD no-deposit bonus when they register | Only one welcome account allowed per client |
| Traders can register flexible trading accounts | There are limited markets to trade |
| JustMarkets has clear guidelines and bonus eligibility |
7. SuperForex
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
- 4.5/5
Min Deposit
1 USD / 15,715 IDR
Regulators
None
Trading Desk
MetaTrader 4, SuperForex App
Crypto
Total Pairs
300
Islamic Account
Trading Fees
Account Activation
Though the incentive is not withdrawable, earnings can be claimed with certain limits, making it a versatile offer for Indonesian traders.
SuperForex Overview
| 🔎 Broker | SuperForex |
| 📝 Regulation | None |
| 💻 Trading Desk | MetaTrader 4, SuperForex App |
| 🎉 No Deposit Bonus | 88 USD / 1,382,128 IDR |
| ➖ Min. Deposit from | 1 USD / 15,715 IDR |
| 🔁 Spreads from | 0.5pips |
| ➕ Max Leverage | 1:1000 |
| 💳 Commission | 1% – 5% plus additional fees |
| 🚀 Open an Account | Open Account |
Pros and Cons
| ✔️ Pros | ❌ Cons |
| SuperForex is a trusted broker with robust customer support | The bonus is limited to new Prime Accounts |
| There is a 30 USD no-deposit bonus offered to all new live trading accounts | There are limited trading platforms compared to other brokers |
| Traders can register a multi-currency account |
8. XM
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
- 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
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
| 🔎 Broker | XM |
| 📝 Regulation | FSCA, IFSC, ASIC, CySEC, DFSA |
| 💻 Trading Desk | MetaTrader 4, MetaTrader 5, XM Mobile App |
| 🎉 No Deposit Bonus | 30 USD / 471,180 IDR |
| ➖ Min. Deposit from | 5 USD / 78,575 IDR |
| 🔁 Spreads from | 0 pips |
| ➕ Max Leverage | 1000:1 |
| 💳 Commission | None |
| 🚀 Open an Account | Open Account |
Pros and Cons
| ✔️ Pros | ❌ Cons |
| Newly registered traders get 30 USD once they verify a trading account | Specific regions are restricted from service |
| XM offers user-friendly programs and a large range of instruments | There is a high 5 standard lot trading volume requirement to withdraw the bonus |
| XM has an extremely strong regulatory framework |
9. Tickmill
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
- 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
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
| 🔎 Broker | Tickmill |
| 📝 Regulation | Seychelles FSA, FCA, CySEC, Labuan FSA, FSCA |
| 💻 Trading Desk | MT4, MT5, Tickmill Mobile |
| 🎉 No Deposit Bonus | 30 USD / 471,180 IDR |
| ➖ Min. Deposit from | 100 USD / 1,555,300 IDR |
| 🔁 Spreads from | 0 pips |
| ➕ Max Leverage | 1:500 |
| 💳 Commission | 2 per side per 100,000 traded |
| 🚀 Open an Account | Open Account |
Pros and Cons
| ✔️ Pros | ❌ Cons |
| All new clients are eligible for the 30 USD no-deposit bonus | Traders must trade at least 5 standard lots and 20 round-turn trades to be able to withdraw their bonus |
| Tickmill has transparent withdrawal conditions | There are limited bonus offerings when compared to other brokers |
| Several asset classes can be traded |
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
- 4.8/5
Min Deposit
0 USD / 0 IDR
Regulators
FSA, FCA, ASIC, DFSA
Trading Desk
Autochartist, MT4 WebTrader, MT4 NexGen, Axi platform
Crypto
Total Pairs
66
Islamic Account
Trading Fees
Account Activation
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
- 4.7/5
Min Deposit
10 USD / 157,151 IDR
Regulators
FSC, FSA, FSCA
Trading Desk
MetaTrader 4, MetaTrader 5, BDSwiss Mobile App, BDSwiss Webtrader
Crypto
Total Pairs
83
Islamic Account
Trading Fees
Account Activation
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
- 4.7/5
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
Total Pairs
65
Islamic Account
Trading Fees
Account Activation
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
- 4.5/5
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
Total Pairs
120+
Islamic Account
Trading Fees
Account Activation
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
- 4.9/5
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
Total Pairs
107
Islamic Account
Trading Fees
Account Activation
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
- 4.8/5
Min Deposit
IDR 0 or USD 0
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 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
- 4.7/5
Min Deposit
5 USD / 78,476 IDR
Regulators
FSCA, IFSC, ASIC, CySEC, DFSA, FCA
Trading Desk
FBS Trader, MetaTrader 4, MetaTrader 5, CopyTrade
Crypto
Total Pairs
36
Islamic Account
Trading Fees
Account Activation
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
- 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 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
- 4.9/5
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
Total Pairs
70+
Islamic Account
Trading Fees
Account Activation
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
- 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 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
- 4.7/5
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
Total Pairs
82+
Islamic Account
Trading Fees
Account Activation
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
- 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 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
- 4.9/5
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
Total Pairs
600+
Islamic Account
Trading Fees
Account Activation
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.
