Forex Brokers in Indonesia

Trading Experience
Trading Conditions
Account Types
Trading Platforms
Regulators
Total 13 | Sort by :
Trading Experience
Trading Conditions
Account Types
Trading Platforms
Regulators
Minimum Deposit
USD 100
TRADING INSTRUMENTS
  • Commodities
  • Cryptocurrencies
  • Forex
  • Indicies
  • Equities
  • ETFs
TYPE OF BROKER

Market Maker

REGULATED BY
ASIC ASIC
FSCA FSCA
B.V.I FSC B.V.I FSC
FSA FSA
TRADING PLATFORMS
  • MetaTrader4
  • WebTrader
DEPOSIT METHODS
  • POLi
  • Visa
  • Mastercard
  • Skrill
  • Neteller
  • Paypal
  • Bank Transfer
Trading Conditions
  • Max. Leverage : 30:1
  • Min. Spread : 0.7 pips
  • Currency Pairs : 50+
Account Spread From Commission Execution Min. Deposit
Islamic 1.3 pips None Instant USD 100 Account Details
Professional 1.3 pips None Instant USD 100 Account Details
Retail 1.3 pips None Instant USD 100 Account Details
TRADING INSTRUMENTS
  • Commodities
  • Cryptocurrencies
  • Forex
  • Indicies
  • Equities
  • ETFs
TRADING PLATFORMS
  • MetaTrader4
  • WebTrader
DEPOSIT METHODS
  • POLi
  • Visa
  • Mastercard
  • Skrill
  • Neteller
  • Paypal
  • Bank Transfer
Trading Conditions
  • Max. Leverage : 30:1
  • Min. Spread : 0.7 pips
  • Currency Pairs : 50+
Minimum Deposit
USD 5
TRADING INSTRUMENTS
  • Commodities
  • Cryptocurrencies
  • Forex
  • Indicies
  • Metals
  • Equities
  • Energies
TYPE OF BROKER

Market Maker

REGULATED BY
CySEC CySEC
FCA FCA
ASIC ASIC
IFSC IFSC
TRADING PLATFORMS
  • MetaTrader4
  • MetaTrader5
  • WebTrader
DEPOSIT METHODS
  • Bank Transfer
  • Sofort Banking
  • Visa
  • Mastercard
  • Maestro
  • Skrill
  • Neteller
  • Bitcoin
  • Unionpay
Trading Conditions
  • Max. Leverage : 30:1
  • Min. Spread : 0.0 pips
  • Currency Pairs : 57
Account Spread From Commission Execution Min. Deposit
Micro 1.0 pips None Instant USD 5 Account Details
Standard 1.0 pips None Instant USD 5 Account Details
XM Zero 0.6 pips None Instant USD 100 Account Details
TRADING INSTRUMENTS
  • Commodities
  • Cryptocurrencies
  • Forex
  • Indicies
  • Metals
  • Equities
  • Energies
TRADING PLATFORMS
  • MetaTrader4
  • MetaTrader5
  • WebTrader
DEPOSIT METHODS
  • Bank Transfer
  • Sofort Banking
  • Visa
  • Mastercard
  • Maestro
  • Skrill
  • Neteller
  • Bitcoin
  • Unionpay
Trading Conditions
  • Max. Leverage : 30:1
  • Min. Spread : 0.0 pips
  • Currency Pairs : 57
Minimum Deposit
USD 200
TRADING INSTRUMENTS
  • Commodities
  • Cryptocurrencies
  • Forex
  • Indicies
  • Equities
TYPE OF BROKER

Market Maker

REGULATED BY
CySEC CySEC
FCA FCA
ASIC ASIC
TRADING PLATFORMS
  • etoro
DEPOSIT METHODS
  • Visa
  • Mastercard
  • Neteller
  • Unionpay
Trading Conditions
  • Max. Leverage : 30:1
  • Min. Spread : 2.0 pips
  • Currency Pairs : 47
Account Spread From Commission Execution Min. Deposit
Professional 1.0 pips None Market EUR 200 Account Details
Standard 1.0 pips None Market USD 200 Account Details
TRADING INSTRUMENTS
  • Commodities
  • Cryptocurrencies
  • Forex
  • Indicies
  • Equities
TRADING PLATFORMS
  • etoro
DEPOSIT METHODS
  • Visa
  • Mastercard
  • Neteller
  • Unionpay
Trading Conditions
  • Max. Leverage : 30:1
  • Min. Spread : 2.0 pips
  • Currency Pairs : 47
Minimum Deposit
USD 100
TRADING INSTRUMENTS
  • Commodities
  • Cryptocurrencies
  • Forex
  • Indicies
  • Equities
  • Vanilla Options
  • ETFs
TYPE OF BROKER

Market Maker

REGULATED BY
CySEC CySEC
ASIC ASIC
FSCA FSCA
MAS MAS
FMA FMA
TRADING PLATFORMS
  • Plus500
DEPOSIT METHODS
  • Bank Transfer
  • Visa
  • Mastercard
  • Skrill
  • Paypal
Trading Conditions
  • Max. Leverage : 30:1
  • Min. Spread : 0.7 pips
  • Currency Pairs : 70+
Account Spread From Commission Execution Min. Deposit
Standard 0.0 pips None Instant USD 100 Account Details
TRADING INSTRUMENTS
  • Commodities
  • Cryptocurrencies
  • Forex
  • Indicies
  • Equities
  • Vanilla Options
  • ETFs
TRADING PLATFORMS
  • Plus500
DEPOSIT METHODS
  • Bank Transfer
  • Visa
  • Mastercard
  • Skrill
  • Paypal
Trading Conditions
  • Max. Leverage : 30:1
  • Min. Spread : 0.7 pips
  • Currency Pairs : 70+
Minimum Deposit
USD 200
TRADING INSTRUMENTS
  • Commodities
  • Cryptocurrencies
  • Forex
  • Indicies
  • Metals
  • Energies
TYPE OF BROKER

ECN/STP

REGULATED BY
FCA FCA
ASIC ASIC
TRADING PLATFORMS
  • MetaTrader4
  • MetaTrader5
  • cTrader
DEPOSIT METHODS
  • Bank Transfer
  • Visa
  • Mastercard
  • Skrill
  • Paypal
  • Unionpay
Trading Conditions
  • Max. Leverage : 30:1
  • Min. Spread : Variable pips
  • Currency Pairs : 80+
Account Spread From Commission Execution Min. Deposit
Razor 0.0 pips AUD$ 7 ECN USD 200 Account Details
Standard 1.0 pips None ECN USD 200 Account Details
Swap-free 1.0 pips None ECN USD 200 Account Details
TRADING INSTRUMENTS
  • Commodities
  • Cryptocurrencies
  • Forex
  • Indicies
  • Metals
  • Energies
TRADING PLATFORMS
  • MetaTrader4
  • MetaTrader5
  • cTrader
DEPOSIT METHODS
  • Bank Transfer
  • Visa
  • Mastercard
  • Skrill
  • Paypal
  • Unionpay
Trading Conditions
  • Max. Leverage : 30:1
  • Min. Spread : Variable pips
  • Currency Pairs : 80+
Minimum Deposit
USD 5
TRADING INSTRUMENTS
  • Commodities
  • Cryptocurrencies
  • Forex
  • Indicies
  • Metals
  • Equities
  • Energies
  • Bonds
TYPE OF BROKER

ECN/STP

REGULATED BY
CySEC CySEC
FCA FCA
FSCA FSCA
DFSA DFSA
FSC FSC
TRADING PLATFORMS
  • MetaTrader4
  • WebTrader
DEPOSIT METHODS
  • Bank Transfer
  • Visa
  • Mastercard
  • Skrill
  • Neteller
  • Bitcoin
  • Unionpay
Trading Conditions
  • Max. Leverage : 30:1
  • Min. Spread : 0.0 pips
  • Currency Pairs : 51
Account Spread From Commission Execution Min. Deposit
Islamic 1.0 pips None Market USD 5 Account Details
Zero 0.0 pips $3.00 Market USD 200 Account Details
HFCopy 1.0 pips Mone Market USD 300 Account Details
Premium Pro 1.0 pips None Market USD 5000 Account Details
TRADING INSTRUMENTS
  • Commodities
  • Cryptocurrencies
  • Forex
  • Indicies
  • Metals
  • Equities
  • Energies
  • Bonds
TRADING PLATFORMS
  • MetaTrader4
  • WebTrader
DEPOSIT METHODS
  • Bank Transfer
  • Visa
  • Mastercard
  • Skrill
  • Neteller
  • Bitcoin
  • Unionpay
Trading Conditions
  • Max. Leverage : 30:1
  • Min. Spread : 0.0 pips
  • Currency Pairs : 51
Minimum Deposit
USD 100
TRADING INSTRUMENTS
  • Commodities
  • Cryptocurrencies
  • Forex
  • Metals
  • Equities
  • Energies
  • ETFs
  • Bonds
  • Blends
TYPE OF BROKER

Market Maker

REGULATED BY
CySEC CySEC
ASIC ASIC
FSCA FSCA
TRADING PLATFORMS
  • MetaTrader4
  • MetaTrader5
  • WebTrader
DEPOSIT METHODS
  • Bank Transfer
  • Visa
  • Mastercard
  • Maestro
  • Skrill
  • Neteller
  • Paypal
Trading Conditions
  • Max. Leverage : 30:1
  • Min. Spread : 0.9 pips
  • Currency Pairs : 50+
Account Spread From Commission Execution Min. Deposit
LIve 0.9 pips None Market GBP 100 Account Details
TRADING INSTRUMENTS
  • Commodities
  • Cryptocurrencies
  • Forex
  • Metals
  • Equities
  • Energies
  • ETFs
  • Bonds
  • Blends
TRADING PLATFORMS
  • MetaTrader4
  • MetaTrader5
  • WebTrader
DEPOSIT METHODS
  • Bank Transfer
  • Visa
  • Mastercard
  • Maestro
  • Skrill
  • Neteller
  • Paypal
Trading Conditions
  • Max. Leverage : 30:1
  • Min. Spread : 0.9 pips
  • Currency Pairs : 50+
Minimum Deposit
USD 100
TRADING INSTRUMENTS
  • Forex
  • Indicies
  • Metals
  • Equities
  • Energies
  • Futures
TYPE OF BROKER

NDD Intervention Market Maker

REGULATED BY
FCA FCA
CySEC CySEC
FSCA FSCA
DFSA DFSA
SCB SCB
TRADING PLATFORMS
  • MetaTrader4
  • MetaTrader5
  • WebTrader
  • cTrader
  • FxProEdge
DEPOSIT METHODS
  • Bank Transfer
  • Visa
  • Mastercard
  • Maestro
  • Skrill
  • Neteller
  • Unionpay
Trading Conditions
  • Max. Leverage : 30:1
  • Min. Spread : 0.6 pips
  • Currency Pairs : 70+
Account Spread From Commission Execution Min. Deposit
FxPro cTrader 0.45 pips $4.50 Market USD 100 Account Details
FxPro MT4 1.2 pips None Market USD 100 Account Details
FxPro MT5 1.52 pips None Market USD 100 Account Details
Islamic 1.2 pips Variable Market USD 100 Account Details
TRADING INSTRUMENTS
  • Forex
  • Indicies
  • Metals
  • Equities
  • Energies
  • Futures
TRADING PLATFORMS
  • MetaTrader4
  • MetaTrader5
  • WebTrader
  • cTrader
  • FxProEdge
DEPOSIT METHODS
  • Bank Transfer
  • Visa
  • Mastercard
  • Maestro
  • Skrill
  • Neteller
  • Unionpay
Trading Conditions
  • Max. Leverage : 30:1
  • Min. Spread : 0.6 pips
  • Currency Pairs : 70+
Minimum Deposit
USD 100
TRADING INSTRUMENTS
  • Commodities
  • Cryptocurrencies
  • Forex
  • Indicies
  • Metals
  • Vanilla Options
TYPE OF BROKER

Market Maker

REGULATED BY
CySEC CySEC
ASIC ASIC
TRADING PLATFORMS
  • MetaTrader4
  • WebTrader
DEPOSIT METHODS
  • Bank Transfer
  • Sofort Banking
  • Visa
  • Mastercard
  • Maestro
  • Skrill
  • Neteller
  • Astropay
Trading Conditions
  • Max. Leverage : 30:1
  • Min. Spread : 0.9 pips
  • Currency Pairs : 103
Account Spread From Commission Execution Min. Deposit
Islamic 1.9 pips None Instant USD 100 Account Details
Standard 1.9 pips None Instant USD 100 Account Details
Premium 1.4 pips None Instant USD 2000 Account Details
VIP 0.9 pips None Instant USD 10000 Account Details
Super VIP 1.2 pips None Instant USD 50000 Account Details
TRADING INSTRUMENTS
  • Commodities
  • Cryptocurrencies
  • Forex
  • Indicies
  • Metals
  • Vanilla Options
TRADING PLATFORMS
  • MetaTrader4
  • WebTrader
DEPOSIT METHODS
  • Bank Transfer
  • Sofort Banking
  • Visa
  • Mastercard
  • Maestro
  • Skrill
  • Neteller
  • Astropay
Trading Conditions
  • Max. Leverage : 30:1
  • Min. Spread : 0.9 pips
  • Currency Pairs : 103
Minimum Deposit
USD 10
TRADING INSTRUMENTS
  • Commodities
  • Cryptocurrencies
  • Forex
  • Indicies
  • Metals
  • Equities
TYPE OF BROKER

ECN/STP

REGULATED BY
CySEC CySEC
FCA FCA
FSCA FSCA
TRADING PLATFORMS
  • MetaTrader4
  • MetaTrader5
  • WebTrader
DEPOSIT METHODS
  • Bank Transfer
  • Visa
  • Mastercard
  • Maestro
  • Skrill
  • Neteller
  • Bitcoin
  • Unionpay
Trading Conditions
  • Max. Leverage : Flexible
  • Min. Spread : 0.1 pips
  • Currency Pairs : 59
Account Spread From Commission Execution Min. Deposit
Cent Account 1.5 pips None Instant USD 10 Account Details
Standard Account 1.3 pips None Instant USD 100 Account Details
ECN Zero Account 1.5 pips None Market USD 200 Account Details
ECN Account 0.1 pips $2.00 Market USD 500 Account Details
FXTM Pro Account 0.0 pips None Market USD 25000 Account Details
TRADING INSTRUMENTS
  • Commodities
  • Cryptocurrencies
  • Forex
  • Indicies
  • Metals
  • Equities
TRADING PLATFORMS
  • MetaTrader4
  • MetaTrader5
  • WebTrader
DEPOSIT METHODS
  • Bank Transfer
  • Visa
  • Mastercard
  • Maestro
  • Skrill
  • Neteller
  • Bitcoin
  • Unionpay
Trading Conditions
  • Max. Leverage : Flexible
  • Min. Spread : 0.1 pips
  • Currency Pairs : 59
Minimum Deposit
USD 50
TRADING INSTRUMENTS
  • Commodities
  • Cryptocurrencies
  • Forex
  • Indicies
  • Metals
  • Bonds
  • Interest Rates
TYPE OF BROKER

Market Maker

REGULATED BY
FCA FCA
ASIC ASIC
MAS MAS
TRADING PLATFORMS
  • MetaTrader4
  • WebTrader
  • ATPro
DEPOSIT METHODS
  • PayID
  • Bank Transfer
  • Visa
  • Mastercard
  • BPay
Trading Conditions
  • Max. Leverage : 30:1
  • Min. Spread : 0.7 pips
  • Currency Pairs : 84+
Minimum Deposit
USD 100
TRADING INSTRUMENTS
  • Commodities
  • Cryptocurrencies
  • Forex
  • Indicies
  • Metals
  • Bonds
TYPE OF BROKER

STP

REGULATED BY
ASIC ASIC
CySEC CySEC
TRADING PLATFORMS
  • MetaTrader4
  • MetaTrader5
  • WebTrader
  • IRESS
DEPOSIT METHODS
  • Bank Transfer
  • Visa
  • Mastercard
  • Paypal
  • Skrill
  • Neteller
  • Fasapay
  • BPay
  • paytrust88
  • POLi
Trading Conditions
  • Max. Leverage : 30:1
  • Min. Spread : 0.1 pips
  • Currency Pairs : 50+
Account Spread From Commission Execution Min. Deposit
RAW 0.0 pips $3.50 STP USD 100 Account Details
Standard 1.0 pips None STP USD 100 Account Details
TRADING INSTRUMENTS
  • Commodities
  • Cryptocurrencies
  • Forex
  • Indicies
  • Metals
  • Bonds
TRADING PLATFORMS
  • MetaTrader4
  • MetaTrader5
  • WebTrader
  • IRESS
DEPOSIT METHODS
  • Bank Transfer
  • Visa
  • Mastercard
  • Paypal
  • Skrill
  • Neteller
  • Fasapay
  • BPay
  • paytrust88
  • POLi
Trading Conditions
  • Max. Leverage : 30:1
  • Min. Spread : 0.1 pips
  • Currency Pairs : 50+
Minimum Deposit
USD 200
TRADING INSTRUMENTS
  • Commodities
  • Cryptocurrencies
  • Forex
  • Indicies
  • Equities
  • Bonds
  • Futures
TYPE OF BROKER

True ECN

REGULATED BY
CySEC CySEC
ASIC ASIC
TRADING PLATFORMS
  • MetaTrader4
  • MetaTrader5
  • WebTrader
  • cTrader
DEPOSIT METHODS
  • Bank Transfer
  • Visa
  • Mastercard
  • Skrill
  • Neteller
  • Paypal
  • Unionpay
Trading Conditions
  • Max. Leverage : 30:1
  • Min. Spread : 0.1 pips
  • Currency Pairs : 60
Account Spread From Commission Execution Min. Deposit
RAW - cTrader 0.0 pips $3.00 Market USD 200 Account Details
RAW - MetaTrader 0.0 pips $3.50 Market USD 200 Account Details
Standard - MetaTrader 1.0 pips None Market USD 200 Account Details
TRADING INSTRUMENTS
  • Commodities
  • Cryptocurrencies
  • Forex
  • Indicies
  • Equities
  • Bonds
  • Futures
TRADING PLATFORMS
  • MetaTrader4
  • MetaTrader5
  • WebTrader
  • cTrader
DEPOSIT METHODS
  • Bank Transfer
  • Visa
  • Mastercard
  • Skrill
  • Neteller
  • Paypal
  • Unionpay
Trading Conditions
  • Max. Leverage : 30:1
  • Min. Spread : 0.1 pips
  • Currency Pairs : 60

Forex Trading in Indonesia

Like many countries in the region, Indonesia is a relatively new market for Forex CFD trading. That is not to say that Forex trading is not very popular, because it is one of the fastest-growing centres for retail Forex trading in Asia.

Indonesians are legally allowed to trade with both internationally regulated brokers and locally regulated brokers, though locally regulated brokers do have to follow shariah law and are subject to much closer scrutiny by the local regulator.

If you do not want to trade with a locally regulated broker, we always recommend trading with a broker regulated by one of the three major international regulators, these are:

Be aware that many unregulated brokers still operate in Indonesia, so always check your broker’s regulatory status before you make any kind of a financial transaction with a company.

Forex Trading Regulation in Indonesia

The local regulator in Indonesia is called Badan Pengawas Perdagangan Berjangka Komoditi (BAPPEBTI), or the Indonesian Commodities and Futures Trading Regulatory Authority. It was established in 2005 but only started taking steps to regulate Forex trading in 2013, when its powers were expanded and regulatory enforcement became more commonplace.

Following the regulatory overhaul in 2013, internationally regulated Forex brokers were given permission to operate legally in Indonesia, but the government still recommends trading only with those that hold BAPPEBTI licences. International brokers are still expected to follow Indonesian financial law, however.

As the regulator of the derivative sector, BAPPEBTI issues business licenses for all financial bodies involved in derivative trading, investigates license holders suspected of violating financial law, and provides advice on resolving conflicts between client and broker.

BAPPEBTI’s overarching goal is to protect Indonesian citizens from fraudulent activities and provide financial education for potential customers. In order to achieve this goal, broker auditing is carried out during the licence registration process and further inspections are conducted periodically to ensure broker compliance.

All BAPPEBTI registered Forex brokers must operate in accordance with Sharia law. This means that several common aspects of traditional Forex trading are strictly prohibited:

  • No interest or riba to be earned or paid by client or broker
  • No excessive risk or gharar can be taken by the client (as this in direct violation of shariah business practices)
  • No speculation or gambling (as gambling is considered haram under shariah)

While BAPPEBTI does require a licenced broker to have a clear complaints procedure, it does fall short of other regulators when it comes to assisting clients who have been defrauded by criminal brokers. As it stands, there is no avenue for victims of broker scams to reclaim their lost funds, though criminal brokers will be investigated, prosecuted and banned.

While over 60 brokers now hold BAPPEBTI licences, most the larger international brokers have decided against creating local subsidiaries and remain regulated offshore. This is due to the unstable business backdrop in Indonesia and high taxes on local companies, making it a poor cost/value proposition for foreign brokers. As the Indonesian market continues to grow and the government continues to modernise its financial laws, we expect this to change and more international brokers to gain BAPPEBTI regulation.

 

Trading Forex and CFDs is not suitable for all investors and comes with a high risk of losing money rapidly due to leverage. 75-90% of retail investors lose money trading these products. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.