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Forex Brokers in Indonesia

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Trading Experience
Trading Conditions
Account Types
Trading Platforms
Regulators
  • 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 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 100 Account Details
    Zero 0.0 pips $3.00 Market USD 200 Account Details
    HFCopy 1.0 pips None 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 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+
    Account Spread From Commission Execution Min. Deposit
    Professional 0.5 pips None Instant USD 500000+ Account Details
    TRADING INSTRUMENTS
    • Commodities
    • Cryptocurrencies
    • Forex
    • Indicies
    • Metals
    • Bonds
    • Interest Rates
    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
    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
    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.

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