Scam Forex Brokers in Indonesia
5 Best Social Trading Platforms in Indonesia
We have thoroughly researched and tested numerous social trading platforms to identify the top options that cater specifically to the needs and preferences of Indonesian traders. Here, you will learn:
- What social trading is for traders in Indonesia
- The 5 best social trading platforms in Indonesia
- Frequently asked questions about social trading platforms in Indonesia
- Our Conclusion on the 5 best social trading platforms in Indonesia
Looking for a social trading platform? We’ve got you covered, whether you’re a beginner wanting to learn from the best in the business or a seasoned trader hoping to broaden your trading horizons with new exciting strategies. If you want to trade with confidence and success, come along as we reveal the top 5 social trading platforms in Indonesia.
- Kayla Duvenage
5 Best Social Trading Platforms in Indonesia – Comparison
| 🥇 Broker | 💰 Minimum Deposit | 👉 Open an Account | 📱 User Interface and Usability | 🔎 Customer Support |
| 1. Exness | IDR16,253 or USD1 | Open Account | User-friendly and intuitive interface, easy navigation | 24/7 |
| 2. HFM | IDR 81,340 or USD5 | Open Account | Intuitive and easy-to-use interface, designed for both beginners and experienced traders | 24/5 |
| 3. AvaTrade | IDR1,601,246.24 or USD100 | Open Account | Intuitive and user-friendly interface with easy navigation | 24/5 |
| 4. Pepperstone | No minimum deposit requirement | Open Account | Intuitive and customizable interface with advanced charting tools | 24/5 |
| 5. Oanda | No minimum deposit requirement | Open Account | Intuitive and user-friendly interface with customizable layouts | 24/5 |
Top 10 Forex Brokers
Broker
Rating
Regulators
Min Deposit
Leverage
Website
Top 10 Forex Brokers
Broker
Rating
Min Deposit
Leverage
What is social trading in Indonesia?
Social trading is an investment method that integrates social networking and online trading. This strategy allows traders in Indonesia to observe and copy the trading strategies of others, making it easier for less experienced traders to gain insights and make informed decisions.
Social trading platforms typically provide features such as real-time trade data, performance statistics of top traders, and interactive tools for communication and learning.
5 Best Social Trading Platforms in Indonesia Summary
- ☑️Exness – Overall Best Social Trading Platform
- ☑️HFM – Several Account Types Available for Different Traders
- ☑️AvaTrade – Best Regulated Forex Broker
- ☑️Pepperstone – Verified IDR-Based Account for Indonesians
- ☑️Oanda – Low Minimum Deposit Required to Start Trading
1. Exness
Traders in Indonesia of all skill levels will find what they’re looking for in Exness’s extensive social trading platform. As reviewers, we found that the openness and simplicity of the Exness Social Trading platform are its strongest points.
Indonesian traders have access to a wide variety of strategies developed by successful traders from all around the world. Exness makes professional trading strategies accessible to more people by letting them copy the transactions of skilled investors.
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
To help traders evaluate possible profits based on their risk tolerance, trading style, and past performance, the platform provides comprehensive performance indicators. Because of this openness, traders can pick and choose which accounts to follow with confidence.
If you want to become a better trader, you should definitely check out Exness’s educational materials and real-time market analysis. Their mobile app has a built-in social trading feature, so traders can easily keep tabs on their money no matter where they are.
Unique Features
📝 User Interface and Usability User-friendly and intuitive interface, easy navigation 📱 Copy Trading Features Comprehensive copy trading platform with detailed statistics and easy copying of trades 📜 Performance Metrics of Top Traders Detailed performance metrics including historical data, risk levels, and trading styles 🔎 Risk Management Tools Advanced risk management tools including stop loss, take profit, and margin alerts 💻 Regulatory Compliance Regulated by multiple authorities including CySEC, FCA, and FSCA 🔁 Educational Resources Extensive educational resources including webinars, tutorials, and market analysis 🚀 Social Networking Features Interactive social networking features enabling communication and idea sharing among traders 💳 Transaction Fees and Costs Competitive and transparent fee structure with no hidden costs 💰 Mobile App Availability Available on both iOS and Android with full trading capabilities 📊 Customer Support Quality 24/7 multilingual customer support with live chat, phone, and email options ✔️ Integration with Trading Platforms Supports MT4 and MT5 trading platforms ✔️ Transparency of Trader Statistics High transparency with comprehensive statistics on trader performance 🌐 Community Size and Activity Large and active community of traders 💸 Minimum Deposit IDR16,253 or USD1 ⚖️ Withdrawal and Deposit Options Multiple withdrawal and deposit options including bank transfer, credit/debit cards, and e-wallets 🎉 Open An Account Open Account
Pros and Cons
| ✅ Pros | ❌ Cons |
| The platform is intuitive and easy to navigate, making it accessible for beginners. | Traders may become overly reliant on copying instead of developing their own strategies. |
| Allows users to seamlessly copy trades from top-performing traders. | The performance of copied trades can vary significantly based on market conditions. |
| Provides transparent and detailed statistics on trader performance, aiding informed decision-making. | While there are social features, the platform might lack deep social networking capabilities compared to others. |
| Offers powerful tools like stop loss, take profit, and margin alerts to manage trading risks effectively. | While transparent, fees can accumulate, especially with high-frequency trading. |
| Extensive resources including webinars and tutorials help traders improve their skills. | Operating under multiple jurisdictions can sometimes lead to regulatory complexities for users. |
Our Insight
For Indonesian traders seeking an improved trading experience, we found that Exness is a great option due to its dedication to offering a safe, transparent, and easy-to-use social trading platform.
2. HFM
HFCopy is HFM’s all-inclusive social trading platform. If you’re an Indonesian trader looking to automate your trading process with the help of seasoned traders, this platform is for you.
In our view, HFM’s HFCopy is made to be user-friendly and easy to understand, so that anyone can follow strategy providers that are in line with their investing objectives.
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
Strategy Providers, who are seasoned traders, and Followers, who are investors, can both gain from the site. While those who provide trading techniques have the chance to earn performance fees, others who follow them may be able to improve their own trading results.
HFM promotes an open and safe trading environment by providing users with comprehensive performance information and risk management tools.
Unique Features
📝 User Interface and Usability Intuitive and easy-to-use interface, designed for both beginners and experienced traders 📱 Copy Trading Features HFCopy platform allows users to follow and copy successful strategy providers 📜 Performance Metrics of Top Traders Comprehensive performance metrics including past performance, risk levels, and trading styles 🔎 Risk Management Tools Advanced risk management tools including customizable stop loss and take profit options 💻 Regulatory Compliance Regulated by multiple authorities including CySEC, FCA, DFSA, and FSCA 🔁 Educational Resources Wide range of educational materials including webinars, video tutorials, and market analysis 🚀 Social Networking Features Interactive features enabling users to engage with strategy providers and other traders 💳 Transaction Fees and Costs Transparent fee structure with competitive spreads and no hidden charges 💰 Mobile App Availability Fully functional mobile app available on both iOS and Android 📊 Customer Support Quality 24/5 multilingual customer support via live chat, email, and phone ✔️ Integration with Trading Platforms Supports MT4 and MT5 trading platforms for enhanced trading capabilities ✔️ Transparency of Trader Statistics Detailed and transparent statistics on the performance of strategy providers 🌐 Community Size and Activity Large and active community of strategy providers and followers 💸 Minimum Deposit IDR 81,340 or USD5 ⚖️ Withdrawal and Deposit Options Multiple options including bank transfer, credit/debit cards, and various e-wallets 🎉 Open An Account Open Account
Pros and Cons
| ✅ Pros | ❌ Cons |
| The low minimum deposit makes the software accessible for a range of investors | The abundance of features might be overwhelming for complete beginners. |
| HFCopy allows easy copying of successful strategy providers, making it suitable for both beginners and experienced traders. | Some withdrawal methods may incur additional fees. |
| Detailed performance metrics of strategy providers help users make informed choices. | While interactive, the social networking aspect could be more developed. |
| Advanced tools like customizable stop loss and take profit options. | Performance metrics can be significantly affected by volatile market conditions. |
Our Insight
Traders in Indonesia can make better judgements with the platform’s intuitive design, extensive educational materials, and market analysis. If you’re an Indonesian trader looking to learn from the pros, diversify your holdings, and improve your trading game through community and shared success, then you should check out HFM’s HFCopy.
3. AvaTrade
If you’re an Indonesian trader seeking a community-driven trading environment, you should consider AvaSocial, AvaTrade’s social trading platform. Those who lack the knowledge or time to trade alone may find AvaSocial’s ability to follow and mimic the moves of seasoned investors to be a great solution.
According to our findings, AvaTrade provides the best social trading experience with its smooth and user-friendly interface. In order to ensure openness and assist users in making educated judgements about which traders to follow, the platform gives full profiles along with performance indicators.
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
Through its integration with AvaTrade’s powerful trading platform, AvaSocial provides access to a wide array of financial products, such as cryptocurrency, CFDs, and foreign exchange. Users are able to diversify their assets and benefit from the knowledge and expertise of seasoned traders thanks to this.
In addition, traders can take advantage of AvaTrade’s market analyses, webinars, and tutorials to hone their craft; these resources are available 24/7.
Unique Features
📝 User Interface and Usability Intuitive and user-friendly interface with easy navigation 📱 Copy Trading Features AvaSocial platform allows seamless copying of trades from top traders 📜 Performance Metrics of Top Traders Detailed performance metrics including historical performance, risk levels, and trading styles 🔎 Risk Management Tools Comprehensive risk management tools including stop loss, take profit, and negative balance protection 💻 Regulatory Compliance Regulated by multiple authorities including Central Bank of Ireland, ASIC, FSCA, and FSA 🔁 Educational Resources Extensive educational resources including webinars, eBooks, video tutorials, and market analysis 🚀 Social Networking Features Engaging social networking features with interactive trader profiles and communication tools 💳 Transaction Fees and Costs Competitive and transparent fee structure with no hidden costs 💰 Mobile App Availability Fully functional mobile app available on both iOS and Android 📊 Customer Support Quality 24/5 multilingual customer support via live chat, email, and phone ✔️ Integration with Trading Platforms Supports MT4, MT5, and AvaTrade’s proprietary platform AvaTradeGO ✔️ Transparency of Trader Statistics High transparency with comprehensive trader statistics available for review 🌐 Community Size and Activity Large and active community of traders with frequent updates and interactions 💸 Minimum Deposit IDR1,601,246.24 or USD100 ⚖️ Withdrawal and Deposit Options Multiple options including bank transfer, credit/debit cards, and various e-wallets 🎉 Open An Account Open Account
Pros and Cons
| ✅ Pros | ❌ Cons |
| Seamless social trading experience with detailed trader profiles and performance metrics. | USD100 minimum deposit might be a barrier for some new traders. |
| Intuitive and easy-to-navigate interface. | Traders might become too dependent on copying instead of learning to trade independently. |
| Regulated by several top-tier authorities, ensuring a safe trading environment. | While competitive, the fee structure could still be significant for frequent traders. |
| Offers webinars, eBooks, video tutorials, and market analysis to help traders improve. | The platform could enhance its social networking capabilities further. |
| Advanced tools including negative balance protection. | The effectiveness of copying trades can vary greatly depending on market conditions. |
Our Insight
With AvaSocial, Indonesian traders have access to a potent resource for improving their trading results via community involvement and the exchange of information.
4. Pepperstone
Many Indonesian traders are drawn to Pepperstone’s social trading features because they provide a sophisticated and engaging trading environment.
Pepperstone integrates with popular social trading platforms such as Myfxbook and DupliTrade, giving users access to a suite of tools that facilitate the seamless replication of successful traders’ moves.
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
According to our research, Pepperstone’s users can receive real-time market analysis, risk management tools, and comprehensive performance statistics thanks to the platform’s connectivity with these services.
Trading with the broker is even better with support for MetaTrader 4 (MT4) and MetaTrader 5 (MT5), which provide superior analytical and charting capabilities.
Indonesian traders can benefit greatly from Pepperstone’s social trading features, which allow them to connect with other traders, gain insight from successful traders, diversify their holdings, and ultimately, improve their trading results.
Unique Features
📝 User Interface and Usability Intuitive and customizable interface with advanced charting tools 📱 Copy Trading Features Supports multiple copy trading platforms including Myfxbook, DupliTrade, and MetaTrader Signals 📜 Performance Metrics of Top Traders Comprehensive performance metrics with detailed historical data and trader rankings 🔎 Risk Management Tools Robust risk management tools including customizable stop loss and take profit options 💻 Regulatory Compliance Regulated by top-tier authorities including FCA, ASIC, and DFSA 🔁 Educational Resources Extensive educational resources including webinars, guides, and market analysis 🚀 Social Networking Features Interactive social networking features through integration with social trading platforms 💳 Transaction Fees and Costs Transparent and competitive fee structure with low spreads and no hidden costs 💰 Mobile App Availability Fully functional mobile app available on both iOS and Android 📊 Customer Support Quality 24/5 multilingual customer support via live chat, email, and phone ✔️ Integration with Trading Platforms Supports MT4, MT5, and cTrader platforms for enhanced trading capabilities ✔️ Transparency of Trader Statistics High transparency with comprehensive trader statistics available for review 🌐 Community Size and Activity Large and active community of traders and signal providers 💸 Minimum Deposit No minimum deposit requirement ⚖️ Withdrawal and Deposit Options Multiple options including bank transfer, credit/debit cards, and various e-wallets 🎉 Open An Account Open Account
Pros and Cons
| ✅ Pros | ❌ Cons |
| Myfxbook, DupliTrade, and MetaTrader Signals, providing various options for copying trades. | The variety of platforms and features might be overwhelming for new traders. |
| Advanced charting and customizable trading interface. | Social interaction features could be more robust. |
| FCA, ASIC, and DFSA regulations ensure a secure trading environment. | Over-reliance on signal providers might hinder independent learning. |
| Detailed data on trader performance helps users choose the best strategies to copy. | Performance can be highly variable in volatile markets. |
Our Insight
If you’re seeking to incorporate social trading into your investment strategy, this broker is a great pick because of its dedication to provide a safe and open trading environment, competitive spreads, and first-rate customer service.
5. Oanda
Although Oanda is well-known for its low-cost trading environment and advanced trading tools, it does not provide a specific platform for social trading. Traders in Indonesia can still benefit from Oanda’s semi-social trading experience with TradingView integration.
Users can build a community of traders who can teach one other trading techniques by sharing charts, ideas, and methods on TradingView. Oanda is a great choice for traders that prioritise analytical and technical techniques because of its dedication to delivering top-notch trading tools and educational resources.
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
Though it does support MetaTrader 4 (MT4), which offers automation capabilities through Expert Advisors (EAs), the platform does not have the built-in social trading features that other brokers have.
Unique Features
📝 User Interface and Usability Intuitive and user-friendly interface with customizable layouts 📱 Copy Trading Features Does not offer dedicated copy trading features but integrates with TradingView for social trading elements 📜 Performance Metrics of Top Traders Limited to what can be gleaned from TradingView and other integrated platforms 🔎 Risk Management Tools Advanced risk management tools including customizable stop loss, take profit, and trailing stops 💻 Regulatory Compliance Regulated by top-tier authorities including FCA, ASIC, IIROC, and NFA 🔁 Educational Resources Comprehensive educational resources including webinars, tutorials, and market analysis 🚀 Social Networking Features Social features available through TradingView integration 💳 Transaction Fees and Costs Competitive and transparent fee structure with low spreads and no hidden costs 💰 Mobile App Availability Fully functional mobile app available on both iOS and Android 📊 Customer Support Quality 24/5 multilingual customer support via live chat, email, and phone ✔️ Integration with Trading Platforms Supports MT4 and TradingView platforms for enhanced trading capabilities ✔️ Transparency of Trader Statistics High transparency with access to various trading statistics through integrated platforms 🌐 Community Size and Activity Large and active community on TradingView 💸 Minimum Deposit No minimum deposit requirement ⚖️ Withdrawal and Deposit Options Multiple options including bank transfer, credit/debit cards, and various e-wallets 🎉 Open An Account Open Account
Pros and Cons
| ✅ Pros | ❌ Cons |
| Customizable and intuitive layout for ease of use. | Social features are less developed compared to dedicated social trading platforms. |
| Tools like stop loss, take profit, and trailing stops. | Performance data is dependent on integrated platforms and may lack comprehensive metrics. |
| Regulated by FCA, ASIC, IIROC, and NFA, ensuring high safety standards. | While advantageous, it might attract traders without sufficient knowledge, leading to higher risk. |
| Comprehensive learning materials including webinars and tutorials. | Fees are competitive but can accumulate, especially for high-frequency traders. |
Our Insight
Traders can prosper with the help of Oanda’s strong trading infrastructure, thorough market analysis, and educational information. Oanda provides a trustworthy and encouraging trading environment for Indonesian traders who want a more independent strategy but would still like to participate in a trading community.
Conclusion
Our final thoughts on the best social trading brokers for traders in Indonesia highlight a diverse range of platforms, each offering unique advantages.
Exness stands out with its user-friendly interface and low minimum deposit, but it may lead to over-reliance on copying trades rather than developing individual strategies. HFM’s HFCopy platform provides comprehensive educational resources and robust risk management tools, though its higher minimum deposit could be a barrier for new traders.
AvaTrade’s AvaSocial platform excels with strong regulatory oversight and an extensive range of educational materials, but traders might find the fee structure and reliance on copying trades challenging.
Pepperstone offers a variety of copy trading options and competitive fees, yet its complex platforms could overwhelm beginners. Oanda, while lacking a dedicated copy trading feature, integrates well with TradingView, providing excellent educational resources and strong regulatory protection, but its social features are less developed.
Each broker offers valuable tools and resources, but traders must consider their personal needs and trading style to choose the best platform.
you might also like: Best MT4 Brokers
you might also like: Best MT5 Forex Brokers
you might also like: Best CFD Forex Brokers
you might also like: Best Indonesian Rupiah Forex Trading Accounts
you might also like: Forex Trading for Beginners
Frequently Asked Questions
What features should I look for in a social trading platform?
Look for a user-friendly interface, detailed performance metrics, strong regulatory oversight, comprehensive educational resources, and robust risk management tools.
Is it important for a social trading broker to be regulated?
Yes, regulation ensures that the broker operates under strict standards, providing a safer trading environment for users.
Do social trading platforms charge fees?
Yes, most platforms charge fees, which can include spreads, commissions, and other costs associated with copying trades.
Can I use social trading platforms on mobile devices?
Most leading social trading platforms offer fully functional mobile apps, allowing traders to manage their accounts and copy trades on the go.
Are social trading features the same across all platforms?
No, features can vary significantly, so it’s essential to compare platforms based on your specific needs, such as the range of assets available, social interaction capabilities, and the quality of educational resources.
