Scam Forex Brokers in Indonesia
5 Best STP Forex Brokers in Indonesia
We have extensively researched numerous well-known Indonesian STP (Straight Through Processing) Forex brokers and produced a list of the five best options. The reliability of their trade execution, compliance with regulations, and general service quality were the main factors in selecting these brokers.
This comprehensive guide will teach you:
- What is a STP Forex Broker?
- Who are the top brokers in Indonesia?
- Pros and cons of each broker
- Common FAQs regarding STP Forex Brokers
And lots more…
So, if you’re ready to go “all in” with the 5 Best STP Forex Brokers in Indonesia…
Let’s dive right in…
- Kayla Duvenage
5 Best STP Forex Brokers in Indonesia – Comparison
| 🥇 Broker | 🚀 Minimum Deposit | 👉 Open an Account | 📱Starting Spread | 🏛️ Regulation |
| 1. AvaTrade | 1 599 000 IDR ($100) | Open Account | 0.9 Pips | ASIC, CySEC, FSCA, CBI, BVI FSC, JFSA, KNF, ADGM, IIROC, FFAJ, ISA |
| 2. Exness | 159 900 IDR ($10) | Open Account | 0.0 Pips | FSCA, FSA, CBCS, CySEC, FSC, FSC CMA, BVI, FCA |
| 3. HFM | 0 IDR ($0) | Open Account | 0.0 Pips | FSCA, CMA, FCA, CySEC, FCS, DFSA, FSA |
| 4. Tickmill | 1 599 000 IDR ($100) | Open Account | 0.0 Pips | FCA, CySEC, DFSA, FSA |
| 5. BlackBull Markets | 0 IDR ($0) | Open Account | 0.0 Pips | FSA, FMA |
Top 10 Forex Brokers
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Top 10 Forex Brokers
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What is an STP Forex broker?
Forex brokers that use STP (Straight Through Processing) technology provide a trading platform that is transparent and quick to execute orders because they bypass the dealing desk. Because of the improved pricing and less likelihood of conflicts of interest, this strategy is attractive to Indonesian traders. Traders who want to trade efficiently and confidently choose STP brokers because of their modern platforms and strong regulatory compliance.
5 Best STP Forex Brokers in Indonesia Summary
- ☑️AvaTrade – Overall, Best STP Forex Broker
- ☑️Exness – Best Regulated Forex Broker
- ☑️HFM – Several Account Types Available for Different Traders
- ☑️Tickmill – Best Regulated Forex Broker
- ☑️BlackBull Markets – Low Minimum Deposit Required to Start Trading
1. AvaTrade
For traders who value precision and quickness, AvaTrade offers STP accounts. Orders are instantly matched with the most competitive pricing from several liquidity providers, without the need for dealing desk intervention. Traders in Indonesia are drawn to this strategy since it improves the trading experience’s dependability and fairness.
An additional layer of protection for traders is AvaTrade’s dedication to regulatory compliance. Various financial agencies oversee the broker and ensure that they adhere to strict security and transparency regulations. As a result of this regulatory supervision, Indonesian traders can rest assured that their assets are secure.
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
Some of the trading platforms that AvaTrade is compatible with are MetaTrader 4 and MetaTrader 5, which are well-regarded for their intuitive interfaces and powerful analytical capabilities. Traders are able to make well-informed judgments based on thorough market analysis, thanks to these platforms that provide seamless STP trading. For traders who want to hone their tactics and get better at what they do, AvaTrade’s extensive training materials and helpful customer service are priceless.
Unique Features
| 🏛️ Regulation | ASIC, CySEC, FSCA, CBI, BVI FSC, JFSA, KNF, ADGM, IIROC, FFAJ, ISA |
| 🗪 BAPPEBTI Regulated? | No |
| 🔁 Trading Assets | Crypto, Commodities, Indices, Forex, Bonds, CFDs, Precious Metals, Options, ETFs, Treasuries, Stocks |
| 📧 Trading Accounts | Professional Account Standard Account Retail Account Corporate Account Options Account Demo Account Islamic Account |
| 💻 Trading Platform | MetaTrader 4 (MT4) MetaTrader 5 (MT5) AvaTrade WebTrader AvaOptions AvaTradeGO AvaSocial ZuluTrade DupliTrade |
| ✔️ Scalping and Hedging | Yes |
| 📜 IDR-based Account? | No |
| 💰 IDR Deposits Allowed? | No |
| 🚀 Minimum Deposit | 1 599 000 IDR ($100) |
| 💱 Minimum Spread | 0.9 Pips |
| 📧 Order Execution | Instant |
| 🚀 Execution Speed | 100ms |
| 🎉 Open An Account | Open Account |
Pros and Cons
| ✅ Pros | ❌ Cons |
| Orders are forwarded directly to liquidity providers by AvaTrade’s STP mechanism. Crucial for the execution of successful trading methods, this transparency enables traders to obtain the best possible prices. | We discovered that although the STP model frequently offers competitive spreads, they are not always constant, causing trading fees to be unpredictable during periods of significant market volatility, which could be a worry for certain traders. |
| The absence of dealing desk intervention creates an environment free of possible conflicts of interest, which is beneficial for traders. This makes the platform more reliable for all users and leads to more equitable execution. | There may be less room for personalization in STP accounts as compared to other kinds of accounts. This restriction can be too limiting for traders in Indonesia who are seeking certain trading circumstances. |
| Traders in Indonesia who depend on speedy trades to profit on market fluctuations will appreciate the rapid order execution provided by AvaTrade’s STP configuration. | Understanding price changes might be challenging at times due to the direct access to numerous liquidity sources. When compared to simpler trading methods, the learning curve for new traders could be considerable. |
| Multiple financial agencies oversee AvaTrade to make sure the broker follows all the rules when it comes to security and transparency. Because of this, Indonesian traders may rest easy knowing that their money is secure. | Although AvaTrade is subject to regulation, the jurisdiction over it may be laxer than in other areas. Traders from Indonesia need to be sure they understand the rules that apply to their accounts. |
Our Insight
Indonesian traders have an advantage with AvaTrade’s STP trading services because of its transparent pricing, fast execution, and secure trading environment. If you are looking for dependable STP trading solutions in Indonesia, this broker is a great option because of its combination of stringent regulation, cutting-edge technology, and focus on customers.
2. Exness
When it comes to STP platforms, Exness is among the most transparent and efficient options for Indonesian traders. The platform’s direct integration with liquidity providers means that traders may anticipate competitive pricing and little slippage.
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
The lack of a dealing desk at Exness promotes an honest trading environment, hence the company takes no stance against traders. The lightning-fast foreign exchange market is one area where this dramatically improves execution speeds. Indonesian traders can profit from these market fluctuations as they occur.
Unique Features
| 🏛️ Regulation | FSCA, FSA, CBCS, CySEC, FSC, FSC CMA, BVI, FCA |
| 🗪 BAPPEBTI Regulated? | No |
| 🔁 Trading Assets | Forex, Stocks, Cryptocurrencies, Commodities, Indices, Energies |
| 📧 Trading Accounts | Pro Account Standard Account Standard Cent Account Raw Spread Account Zero Account |
| 💻 Trading Platform | MetaTrader 4 (MT4) MetaTrader 5 (MT5) Exness Trade App Exness Terminal |
| ✔️ Scalping and Hedging | Yes |
| 📜 IDR-based Account? | Yes |
| 💰 IDR Deposits Allowed? | Yes |
| 🚀 Minimum Deposit | 159 900 IDR ($10) |
| 💱 Minimum Spread | 0.0 Pips |
| 📧 Order Execution | Market |
| 🚀 Execution Speed | 25ms |
| 🎉 Open An Account | Open Account |
Pros and Cons
| ✅ Pros | ❌ Cons |
| Fair trading conditions are ensured by Exness’s STP mechanism, gives direct access to liquidity providers and guarantees competitive pricing. | Localized support for Indonesian traders might be improved to better serve customers, even if Exness offers powerful global support. |
| With the STP configuration, orders may be executed quickly, which minimizes the chances of slippage, particularly during times of high volatility. | Premium services often have quite large initial deposit requirements, which may prevent certain Indonesian traders from being able to access them. |
| Tight spreads make trading more cost-effective and maximize possible earnings for Indonesian traders. | Some trading features and instruments may not be available to traders in Indonesia due to regulatory limitations. |
| For scalpers that rely on fast execution with little delays, the broker’s infrastructure that supports high-frequency trading tactics is a huge plus. | Despite efforts to reduce it, slippage can still happen under highly unpredictable market conditions, impacting the results of trades. |
Our Insight
Indonesian traders of all skill levels can take advantage of Exness’s consistently small spreads. When looking for a dependable and efficient trading platform, we recommend Exness because of its solid infrastructure and dedication to employing state-of-the-art technology for high-frequency trading.
3. HFM
According to our findings, Indonesian traders can trust HFM (formerly HotForex) to offer a reliable STP trading environment. Direct market access is a methodology developed by HFM that ensures transparent pricing by cutting out intermediaries and going directly to liquidity sources.
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
This is perfect for all those Indonesian traders who are concerned about potential conflicts of interest or price manipulation. Quick execution and competitive spreads are made possible with HFM’s STP configuration, making it ideal for time-sensitive strategies like scalping.
Unique Features
| 🏛️ Regulation | FSCA, CMA, FCA, CySEC, FCS, DFSA, FSA |
| 🗪 BAPPEBTI Regulated? | No |
| 🔁 Trading Assets | Forex, Commodities, Precious Metals, Energies, Crypto, Shares, ETFs, Bonds, Indices |
| 📧 Trading Accounts | Cent Account Zero Account Pro Account Pro Plus Account Premium Account |
| 💻 Trading Platform | HFM Platform MetaTrader 4 MetaTrader 5 |
| ✔️ Scalping and Hedging | Yes |
| 📜 IDR-based Account? | No |
| 💰 IDR Deposits Allowed? | Yes |
| 🚀 Minimum Deposit | 0 IDR ($0) |
| 💱 Minimum Spread | 0.0 Pips |
| 📧 Order Execution | Market Execution |
| 🚀 Execution Speed | 30-70 ms |
| 🎉 Open An Account | Open Account |
Pros and Cons
| ✅ Pros | ❌ Cons |
| All trades are conducted directly with liquidity providers through HFM’s STP mechanism, which enhances transparency and fairness for traders in Indonesia and the rest of the world. | Traders should be mindful that their accounts can accumulate inactivity fees if they leave them idle for long periods of time. |
| With some of the lowest spreads in the industry, traders can afford to trade often. | Not all of HFM’s accepted payment methods are local options, which could be a problem for traders in Indonesia. |
| Because it does not have a trading desk, HFM avoids possible conflicts of interest by not taking the other side of trades. | We find that if you aren’t familiar with the rules governing international trade, you may find it particularly difficult to navigate the many regulatory frameworks. |
| HFM’s network of liquidity providers allows for the execution of big orders with minimal price fluctuations. | Although HFM offers teaching resources, they could be more comprehensive and detailed to meet the demands of novice traders. |
Our Insight
Even large trades can be executed with minimal price volatility because of HFM’s vast liquidity. Given its transparency and efficiency, HFM presents a compelling alternative for Indonesian traders who place a premium on equity and seek the optimal trading environment.
4. Tickmill
The many useful features and excellent reputation of Tickmill as an STP Forex broker make it the go-to platform for traders from all over the globe, including Indonesia. The reasonable pricing structure that Tickmill provides is one of its strongest points. Because of their tight spreads and low costs, this broker is ideal for scalpers and high-frequency traders.
The regulatory system of Tickmill is resilient because it is overseen by multiple esteemed authorities. We ensure a safe trading environment by storing client money in segregated accounts at respected banks. Also, state-of-the-art security measures, such as two-factor authentication, are in place to keep client money safe with the 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
Trading orders are executed quickly and reliably via the broker’s system. A possible gold mine for Indonesian traders whose strategies rely on pinpoint precision. Tickmill caters to a wide variety of traders by providing several account types to meet their specific requirements and interests.
Unique Features
| 🏛️ Regulation | FCA, CySEC, DFSA, FSA |
| 🗪 BAPPEBTI Regulated? | No |
| 🔁 Trading Assets | Forex, Stock Indices, CFDs, Precious Metals, Oil, Bonds |
| 📧 Trading Accounts | Classic Account Pro Account VIP Account |
| 💻 Trading Platform | MetaTrader 4 MetaTrader 5 Tickmill App |
| ✔️ Scalping and Hedging | No |
| 📜 IDR-based Account? | No |
| 💰 IDR Deposits Allowed? | Yes |
| 🚀 Minimum Deposit | 1 599 000 IDR ($100) |
| 💱 Minimum Spread | 0.0 Pips |
| 📧 Order Execution | Market Execution |
| 🚀 Execution Speed | 20 ms |
| 🎉 Open An Account | Open Account |
Pros and Cons
| ✅ Pros | ❌ Cons |
| Traders, particularly those employing high-frequency methods, can take advantage of Tickmill’s low trading costs thanks to its competitive spreads, which begin at 0.0 pips on VIP and Pro accounts, and its low commissions. | Potentially troublesome for traders in Indonesia is the fact that Tickmill does not allow accounts or deposits denominated in Indonesian Rupiah. |
| Trades in Indonesia are executed quickly using Tickmill, eliminating the risk of slippage and making it ideal for scalpers and other fast-paced traders. The average execution speed is 0.20 seconds. | Even though it’s widely used, traders who prefer proprietary or more flexible platforms may be dissatisfied with the limited options provided by MetaTrader 4 and MetaTrader 5. |
| Tickmill ensures a safe trading environment and boosts the broker’s credibility by being regulated by numerous recognized authorities. | Traders in Indonesia watching their pennies may not be interested in the Classic account because of its greater spreads, which begin at 1.6 pips. |
Our Insight
Our research led us to conclude that Tickmill is a top-notch STP Forex broker that places a premium on efficiency, safety, and regulatory compliance; furthermore, they keep trading costs in check. For Indonesian traders who prioritize a secure trading environment, fast execution, and small spreads, this is the perfect platform.
5. BlackBull Markets
BlackBull Markets offers traders in Indonesia a strong STP platform, which prioritizes transparency and speed. We believe that traders are able to take advantage of the best market pricing since the broker’s STP methodology sends orders directly to liquidity sources, eliminating the need for dealing desk intervention.
Overall Rating
- 4.4/5
Min Deposit
0 IDR / 0 USD
Regulators
FSA, FMA
Trading Desk
MT4, MT5, TradingView, cTrader, BlackBull Copy Trader, BlackBull Invest
Crypto
Total Pairs
64+
Islamic Account
Trading Fees
Account Activation
The fair-trading environment that this strategy provides is highly prized by traders in Indonesia, as it minimizes the risk of price manipulation. We discovered that traders seeking to capitalize on quick market moves greatly benefit from BlackBull Markets’ ultra-low latency and high-speed execution.
Unique Features
| 🏛️ Regulation | FSA, FMA |
| 🗪 BAPPEBTI Regulated? | No |
| 🔁 Trading Assets | Forex, Indices, Commodities, Cryptocurrencies, Stocks, CFDs, Equities, Metals |
| 📧 Trading Accounts | ECN Standard Account ECN Prime Account ECN Institutional Account Islamic Account |
| 💻 Trading Platform | MetaTrader 4 MetaTrader 5 TradingView cTrader BlackBull Copy Trader BlackBull Invest |
| ✔️ Scalping and Hedging | Yes |
| 📜 IDR-based Account? | No |
| 💰 IDR Deposits Allowed? | Yes |
| 🚀 Minimum Deposit | 0 IDR ($0) |
| 💱 Minimum Spread | 0.0 Pips |
| 📧 Order Execution | ECN Execution |
| 🚀 Execution Speed | 72-90 ms |
| 🎉 Open An Account | Open Account |
Pros and Cons
| ✅ Pros | ❌ Cons |
| Transparency in trade execution and direct access to liquidity providers are hallmarks of BlackBull Markets’ STP approach. | Indonesian traders new to BlackBull Markets may find the platform’s complex capabilities to be more challenging to navigate at first. |
| Traders in Indonesia are able to save money on trading because of competitive prices and spreads. | One potential downside that Indonesian traders may encounter is the absence of customer service options tailored to their native language. |
| With the broker’s STP arrangement, dealing desk interference is eliminated, leading to less conflicts of interest and more equitable trading circumstances. | Traders should be mindful of any costs that may be linked to inactive accounts in order to prevent any unpleasant surprises. |
Our Insight
Scalping and high-frequency trading are both made possible by the broker’s dedication to tight spreads and substantial liquidity. For Indonesian traders who value efficiency and transparency, BlackBull Markets is the clear choice. We found that BlackBull Markets’ STP solutions are a solid choice for Indonesian traders of all skill levels, because of their user-friendly interface and consistent execution.
Conclusion
In conclusion, traders in Indonesia can benefit from STP brokers’ strong trading environment. One major perk of STP brokers is how quickly and openly they execute orders. Without a dealing desk, orders are sent straight to liquidity sources, guaranteeing competitive pricing. Traders who value honesty and integrity in their trades will find this level of openness to be crucial.
Another major perk is the lightning-fast execution time that STP brokers offer. Trading with STP brokers is nearly immediate since they use cutting-edge technology. Traders in Indonesia are able to put their strategies into action more efficiently thanks to the improved trading experience and the decreased chance of slippage and re-quotes.
When it comes to trading in Indonesia, we believe STP Forex brokers provide a safe, efficient, and open trading environment. They are the best option for Indonesian traders because of their dedication to low prices, compliance with regulations, cutting-edge technology, and thorough service.
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Frequently Asked Questions
What makes STP brokers in Indonesia a good choice?
STP brokers are great for Indonesian traders because they have access to interbank liquidity, which means they can trade more efficiently. They also typically have better spreads and faster execution times.
With a STP broker is it possible to trade with a high level of leverage?
Yes, high-leverage options are commonly accessible with STP brokers. However, the maximum leverage that a trader can use may be governed by the broker’s laws as well as their place of residency.
Are scalping methods supported by STP brokers?
The rapid execution times and access to deep liquidity offered by many STP brokers make them ideal for traders who use the scalping method.
In general, what kind of spreads do STP brokers often offer?
Because they are based on the actual market conditions reported by liquidity providers, spreads with STP brokers tend to be highly competitive and fluctuate often.
What steps can I take to ensure that an STP broker in Indonesia is legitimate?
Read reviews, look into the broker’s regulatory status with important financial agencies, and make sure they have a good reputation in the trading world to ensure their credibility.
