A Forex Broker or Foreign Exchange Broker acts as an intermediary between local banks and clients. They offer a price from a local Forex Bank where they have access to a line of credit cards and forex liquidity. Many of them use multiple local banks for pricing and offer the best price to the client.
The best forex broker market is the largest financial market and it is always open. In Indonesia, this financial market is growing rapidly. Experts believe that in time, Indonesia will become the world’s leading forex market. Citizens also enjoy this perfect forex trading environment because the best forex broker market works with a floating market combined with a free market economy.
With copy trading services, you can choose whether to buy or sell currency with your own money or funds that are deposited into your account. Trading is a complex process that requires knowledge, skill, and expertise. Forex traders have to rely on different types of trading tools to make informed decisions during trading hours. Just like Asia Trade Point futures, Monex Investindo futures Mifx, and pt Monex investindo futures, you will find the forex market in Indonesia. Pt Asia trade point is a renowned forex brokers Indonesia for various assets. It is a broker based in Jakarta, Singapore.
About Forex Brokers Indonesia
Indonesia is the biggest and most populated island in the world with a population of 264.2 million spanning across more than 15000 islands. Among them, Java is known to be the most populated one. Over the years, the country has been considered as one of the fastest-growing and has abundant natural resources that help keep its economy afloat.
Due to this rapid growth, Indonesia is now an attractive spot for foreign exchange companies worldwide. The population structure of the country further enhances this appeal. According to 2016 estimates, interested young Indonesian residents over the age of 28 created a completely prosperous environment for the Forex market as a forex broker Indonesia to gain financial independence and profit opportunities.
Best Forex Brokers Indonesia
- OctaFX:- Best for Beginners & Market Execution
- FBS:- Best For Retail Clients With Negative Balance Protection
- InstaForex:- Best For Trading facilities
- XM:- Best for Wide Range of Forex Markets
- FXCM:- Best MT4 Broker in Indonesia
- Vantage FX:- Best for Providing Great Service for Trading
- HotForex:- Best for MetaTrader Platform
- Tickmill:- Best for Beginners & Experienced Traders
- FXTM:- Best for Copy Trading and CFD Trading Feature
- Interactive Brokers:- Best for Professional Traders
Top Forex Brokers in Indonesia List
The list of Indonesian forex brokers has a lot of good brokers in the forex market. After giving the following list of best forex brokers that accept Indonesian traders a glance, you can choose one of them. Comparing forex brokers Indonesia before choosing one, to get the broker that is suitable for you according to your preference.
OctaFX is a trusted broker with an eye-catching trading platform, which can be accessed online with mobile apps through iOS and Android apps. It is one of the leading online brokers in Indonesia. OctaFX is a reliable broker that offers attractive features such as personal account management, risk management tools, and 24/7 customer service. The company’s goal is to provide the best trading experience for retail investors, traders, and financial institutions.
|Regulated By||CySEC, FCA|
|Best For||Best for Beginners & Market Execution|
|Tradable Assets||Currency Pairs, Commodities, Gold, Silver, Cryptocurrencies, Stocks|
One of its unique features is that it offers new traders a free trial session to give them a taste of the latest trading innovations before they can decide whether they want to invest their own funds or not. It is a MetaTrader 4 trading platform (it’s not a proprietary trading platform). You can top up with a credit card. The platform also had its own OctaFX trading app, where users can trade at their convenience. However, read more about the platform from our honest OctaFX review & know more.
Pros and Cons of OctaFX
|Metatrader 4 is available.||Goes inactive after 60 days; the cTrader demo account is not available.|
|Deposit bonuses are available to novice traders.|
|They Provide Demo Account.|
The fee structure is from US Dollar 7 with spreads starting from 0 pips and investment commission is charged average by the broker.
FBS online broker has a comprehensive list of clients from many industries in terms of trading services. Whether you are a private investor, a private trader to buy and sell stocks, or an institutional investor to trade the financial markets, you can find it all at FBS. The trading platform’s assets are the largest in the world.
|Regulated By||CySEC, IFCA, FSCA, ASIC|
|Best For||Best For Retail Clients With Negative Balance Protection|
|Minimum Deposit||$1 (Cent Accounts)
$1000 (ECN Accounts)
|Tradable Assets||Gold, Silver, Oil, Natural Gas, Foreign Currencies, CFDs, Stocks, Energies, Metals, Cryptocurrencies|
An integral part of their brokerage company’s success is its ability to provide customized solutions for every client’s specific needs. From providing trading services, demo accounts, and minimum deposits & withdrawals for corporate traders to providing advisory services for private investors, it works hard for each of its clients so they can achieve their trading goals with ease.
Among the others in the regulated forex broker or global broker list, while we compare forex most brokers, FBS has earned the name one of the best forex brokers in Indonesia, as they are regulated by many regulatory authority like CySEC, IFCA, FSCA, and ASIC (Australian Securities and Investments Commission).
Pros and Cons of FBS
|It is known as one of the biggest brokers and best forex broker Indonesia.||Non-EU traders have many more options when it comes to opening new accounts and this can make it harder for EU traders.|
|The minimum deposit requirement is low in FBS brokers.|
|Deposit bonus & promotions available to novice traders.|
|Demo account type available.|
With each lot of a trader, a commission of 8 dollars is charged as commission.
In this forex market deposit and withdrawal, transactions are done within 48 hours. InstaForex is one of the leading binary options forex trading platforms. It offers an easy-to-use interface and a large number of tradable assets. You will find MetaTrader 4 on this site. You can top up with a credit card.
|Best For||Best For Trading facilities|
|Tradable Assets||Metals, Natural Gas, Crude Oil, Agricultural Products, Forex, Indices, Crypto, Futures, CFDs|
InstaForex is a binary options broker that has been in the market for over 10 years now. It services over 150 countries and has more than 400,000 clients on its website. Just like MRG Mega, it provides financial advice and support to its clients. The platform offers Indonesian traders a wide range of assets to trade with, including stocks, commodities, ETFs, indices, global currencies, etc. The regulated brokers also offer margin trading with up to 8:1 leverage for those looking to make bigger profits.
Pros and Cons of InstaForex
|One of them is a Deposit bonus available to novice traders.||The low diversity of available markets means that there is low liquidity in the market and a high risk of a trader being liquidated.|
|Best for beginner traders.||Not always Instaforex customer support.|
|With a wide selection of currencies, you can trade from multiple pairings in the best forex broker.|
|They have competitive spreads.|
|Demo account available.|
InstaForex charges maximum with spread and commissions start from 0.03% – 0.07% and spreads start from 0 pips.
The best forex brokers have evolved and changed significantly over the years. The technology and trading platforms available today make it possible to trade online. XM is a popular & best forex broker in Indonesia that offers high-quality service to its traders. XM was founded in 2005 by a group of revolutionary traders who wanted to create an innovative, transparent, and fair industry best forex broker.
|Regulated By||CySEC, ASIC, IFSC|
|Best For||Best for Wide Range of Forex Markets|
|Minimum Deposit||$5 or €5 or £5|
|Tradable Assets||Stocks, Precious Metals, Equity Indices, Commodities, Energies|
XM offers the best trading conditions for beginners as well as experienced traders, introducing new trading tools and technologies along with expert analysis and skilled institutional services. The broker’s trading platform assets have permission from authority of Indonesia like CoFTRA and XM is regulated by many authorities like CySEC, ASIC, IFSC (International Financial Services Commission), and more.
Pros and Cons of XM
|The best FX trading platform is a trustworthy broker.||Limited portfolio of products.|
|The forex brokerage company offers low withdrawal fees.|
|Futures investment is reliant.|
Sometimes, it does not charge broker fees, otherwise, the charges are very less.
FXCM is the largest in the world. It is an international brokerage company. An Indonesian trader can have withdrawals in no time. The trading platform assets have permission from…
Read More: Best Forex Brokers Indonesia 2022: Top Indonesian Forex Brokers!