Best Forex Brokers In Indonesia 2024

Forex trading is a popular way to invest and make money in Indonesia. The forex market is the largest and most liquid financial market in the world, and it offers traders the opportunity to profit from the fluctuations of currency prices.

There are a number of forex brokers that operate in Indonesia, and it can be difficult to know which one is right for you. Here are a few factors to consider when choosing a forex broker in Indonesia:

Forex Trading Regulation in Indonesia

The Commodities and Futures Trading Regulatory Agency (BAPPEBTI). BAPPEBTI requires that all forex brokers operating in Indonesia be registered with the agency and that they comply with a set of regulations.

Some of the key regulations that forex brokers in Indonesia must comply with include:

1. They must have a minimum capital of IDR 100 billion.
2. They must offer a demo account to potential traders.
3. They must provide clear and transparent information about their fees and commissions.
4. They must not engage in any fraudulent or deceptive practices.
5. BAPPEBTI also has the power to suspend or revoke the registration of any forex broker that it finds to be in violation of the regulations.

If you are considering forex trading in Indonesia, it is important to choose a broker that is registered with BAPPEBTI and that complies with the regulations. You can check the BAPPEBTI website to see a list of registered forex brokers.

There are a number of forex brokers that operate in Indonesia, and it can be difficult to know which one is right for you. Here are a few factors to consider when choosing a forex broker in Indonesia:

Best Forex Brokers In Indonesia 2023

AssetsFX

Start Trading

Full Review

AssetsFX, a Forex broker established in 2013, provides online currency trading and CFD trading on metals, indices, and US and EU stocks. With over 180,000 traders worldwide, AssetsFX is known…

Founded :

2013

Headquarters :

Mauritius

Regulation :

FSC Mauritius registration number C207079 GBC and license number GB23201811.

Trading Desk :

ECN/STP

Min Deposit :

$1

Leverage :

1:500

Platforms :

MT4/MT5, Webtrader

RoboForex

Start Trading

Full Review

RoboForex Ltd, established in 2009, is a globally recognized financial brokerage company adhering to stringent regulatory standards under the Financial Services Commission of Belize. It offers diverse account types suited…

Founded :

2009

Headquarters :

Belize

Regulation :

FSC license No. 000138/333.

Trading Desk :

ECN

Min Deposit :

10

Leverage :

1:1000

Platforms :

MetaTrader 4, MetaTrader 5, cTrader, R WebTrader, R MobileTrader, R StocksTrader

FXRoad

Start Trading

Full Review

FXRoad is a leading online trading platform very low trading costs, charges no fees for deposits and withdrawals, and offers a great trading app powered by TradingView. FXRoad offers range…

Founded :

2023

Headquarters :

Mahe Seychelles

Regulation :

FSA Seychelles with a registration number 8426168-1

Trading Desk :

ECN

Min Deposit :

$250

Leverage :

1:200

Platforms :

WebTrader, FXRoad iOS App and FXRoad Android App

CapPlace

Start Trading

Full Review

CapPlace is a leading online trading platform, developed in providing traders of all levels with advanced analytical tools, a user-friendly interface and access to a diverse range of financial instruments…

Founded :

2023

Headquarters :

Comoros

Regulation :

MISA – MWALI International Services Authority license number T2023294

Trading Desk :

ECN

Min Deposit :

$250

Leverage :

1:200

Platforms :

Japanese

Finex

Start Trading

Full Review

FINEX is a leading broker providing the best conditions for trading Forex currencies, commodities and indices. FINEX founded in 2012 and are supervised by the regulator in Indonesia, namely BAPPEBTI…

Founded :

2012

Headquarters :

Indonesia

Regulation :

BAPPEBTI

Trading Desk :

ECN

Min Deposit :

$10

Leverage :

1:500

Platforms :

MT5

Bold Prime

Bold Prime

Full Review

Bold Prime was founded by several teams of experts in multiple sectors of the financial services industry who came together in collaboration to create an amalgamation of all the features,…

Founded :

2020

Headquarters :

Saint Vincent and the Grenadines

Regulation :

SVG FSA, International Business Companies

Trading Desk :

ECN

Min Deposit :

$15

Leverage :

1:2000

Platforms :

MT5, MT4

Doo Prime

Doo Prime

Full Review

Doo Prime Review Doo Prime, an online Forex and CFD trading company headquartered in the Cayman Islands, is a part of the Doo Group company. The company offers clients access…

Founded :

2014

Headquarters :

Vanuatu

Regulation :

Regulated by the SEC and FINRA in the U.S., the FCA in the UK, the ASIC in Australia, the FSA in Seychelles, the FSC in Mauritius, and the FSC in Vanuatu.

Trading Desk :

ECN/STP

Min Deposit :

$0

Leverage :

1:1000

Platforms :

MT4, MT5, Doo Prime InTrad, TradingView

Trive Invest

Start Trading

Full Review

Trive Investment B.V. delivers investment services through its investment platform. It has wholly owned subsidiaries spanning the globe from the United States to Europe, Africa, the Middle East, Indonesia, Australia,…

Founded :

2023

Headquarters :

British Virgin Islands

Regulation :

BVI FSC Regulated

Trading Desk :

ECN

Min Deposit :

$0

Leverage :

1:2000

Platforms :

MT4, MT5

ATROPI

ATROPI

Full Review

ATROPI LLC, is a global financial company which provides Forex Brokerage services to costumers around the world. The company has more than 12 years experience on online brokerage services, Which…

Founded :

2021

Headquarters :

Saint Vincent and the Grenadines

Regulation :

Comoros Mwali International Service Authority

Trading Desk :

ECN

Min Deposit :

$10

Leverage :

1:1000

Platforms :

MT5

XTrend Speed

XTrend Speed

Full Review

Exploring XTrend Speed, a Multi-Asset Trading Provider. If you’re in the market for trading in forex, indices, commodities, stocks and cryptocurrencies, then XTrend Speed might be the right choice for…

Founded :

2016

Headquarters :

South Africa

Regulation :

XTrend Speed is regulated by FSCA. The FSP license number is 23497.

Trading Desk :

ECN

Min Deposit :

$5

Leverage :

1:300

Platforms :

MT5, Proprietary

FXGT.com

Start Trading

Full Review

FXGT is a new breed of Forex broker. FXGT is the upshot of the digital transformation of currency markets and the widespread adoption of cryptocurrencies. We offer traders the stability…

Founded :

2019

Headquarters :

Seychelles

Regulation :

Financial Sector Conduct Authority (South Africa), Financial Services Authority (Seychelles), License number SD019

Trading Desk :

ECN/STP, Market Maker

Min Deposit :

$5

Leverage :

1:1000

Platforms :

MT4, MT5, Web, Mobile

TradeUltra

Full Review

TradeUltra is a leading STP broker in Asia headquartered in Malaysia. Since its establishment in 2013, TradeUltra operating its business with trust and transparency. TradeUltra is regulated by the Labuan…

Founded :

2013

Headquarters :

Regulation :

Labuan Financial Services Authority Malaysia with License number MB/20/0059, FSC Mauritius & Registered in Saint Vincent and the Grenadines

Trading Desk :

STP

Min Deposit :

100

Leverage :

1:500

Platforms :

MT4, MT5

IUX Markets

Start Trading

Full Review

The online CFD trading company IUX Markets was founded in London in 2016. The trading journey of an IUX Markets customer is extremely important to us, and as a result,…

Founded :

2016

Headquarters :

Cyprus

Regulation :

FSC Mauritius, FSA Saint Vincent and the Grenadines under registered number 26183 BC 2021 and FSCA in South Africa, with FSP No. 53103

Trading Desk :

STP

Min Deposit :

USD 10

Leverage :

1:3000

Platforms :

MT5, IUX App Trade and IUX WebTrader

Exness

Exness

Full Review

Since 2008, Exness Trading Company has operated in the forex market. The Republic of Seychelles-registered business Nymstar Limited oversees the broker’s operations. Licenses from the CySEC (Cyprus Securities Commission), FCA…

Founded :

2008

Headquarters :

Limassol

Regulation :

CBCS, CySEC, FCA, FSA, FSC, FSCA

Trading Desk :

ECN

Min Deposit :

$1

Leverage :

1:2000

Platforms :

MT4, МТ5, MultiTerminal, MT4 Web-Terminal, Mobile Platforms

BlackBuII Markets

BlackBull Markets

Full Review

BlackBull Markets is a true regulated ECN broker. BlackBull Markets was founded in Auckland, the technology-focused, financial capital of New Zealand. In 2014, BlackBull Markets’ founders decided to collaborate in…

Founded :

2014

Headquarters :

New Zealand

Regulation :

Seychelles – Company No. 857010-1, BlackBull Group UK Limited (Company Number – 9556804), New Zealand – NZBN 9429049891041

Trading Desk :

ECN

Min Deposit :

200

Leverage :

1:500

Platforms :

Trading View, MT4, МТ5, Webtrader, Mobile Platforms

Is Forex Trading Legal In Indonesia

Forex trading is legal in Indonesia, but it is regulated by the Commodities and Futures Trading Regulatory Agency (BAPPEBTI). BAPPEBTI requires that all forex brokers operating in Indonesia be registered with the agency and that they comply with a set of regulations.