Best Forex Brokers in Indonesia

Following our in-depth review and ranking process, here are the best forex brokers in Indonesia;

  1. IG
  2. Tickmill
  3. FBS
  4. IC Markets
  5. Forex.com
  6. Exness
  7. HotForex
  8. XM
  9. Capital.com
  10. FXTM

IG

IG

IG is a highly reputable global online broker established by IG Group plc; a publicly-traded company listed on the London Stock Exchange. IG offers CFD trading across a wide variety of asset classes including forex, shares, indices, commodities, cryptocurrencies, options, bonds, interest rate, sectors and ETFs with over 17,000+ instruments available to trade.

IG offers an exceptional brokerage service, with trading solutions suitable for retail (beginners and professionals) and institutional clients (such as hedge funds, family offices, private investment vehicles, asset managers, brokers, banks and introducing brokers). Also, traders can get access to an extensive list of great brokerage services including deep liquidity, superior trade execution, volume-based rebates, industry-standard trading platforms, competitive spreads, expert customer support service, and much more.

BrokerIG
RegulationCFTC (U.S.), FCA (U.K.), ASIC (Australia), FCA (United Kingdom), FINMA (Switzerland), FMA (New Zealand), MAS (Singapore), FSA (Japan), FSCA (South Africa), DFSA (UAE), BMA (International)
Forex Pairs81
Trading PlatformsProRealTime, L2 Dealer, MetaTrader 4
Minimum Deposit$300 (or currency equivalent)
Demo AccountAvailable | Open Demo Account
Maximum Leverage1:200
Account CurrenciesUSD, GBP, AUD, EUR, SGD, HKD.
Payment MethodsBank Wire Transfer, Credit/Debit Cards, Paypal
PROS
  • Strong regulatory framework.
  • Listed on the stock exchange.
  • 45+ years of industry experience.
  • 313,000+ clients worldwide.
  • Deep liquidity.
  • Negative balance protection.
  • Volume-based rebates.
  • Industry-standard trading platforms available in web, mobile and desktop versions.
  • Competitive spreads from 0.6 pips on major currency pairs.
  • Fast and secure payment methods.
  • No minimum deposit for bank transfer.
  • Excellent eductional offering for beginner, intermediate and advanced traders.
  • Outstanding research offering.
  • Great customer support service.
CONS
  • Inactivity fee charged (after 2 years of inactivity).
  • No support for copy trading and social trading.
  • High financing rate.
  • Limited product portfolio in some countries.
  • No support for social trading and copy trading.

Tickmill

Tickmill

Tickmill is a global leading forex and CFD provider established in 2015 by the Tickmill Group. It offers a variety of global markets including forex, stocks, indices, oil, precious metals, bonds and cryptocurrencies, with over 100+ instruments to trade.

Tickmill offers an excellent brokerage service, with trading solutions suitable for retail traders and institutional clients respectively. It offers different tailored account types with different account options, which traders can choose from to enjoy a trading experience that meets their trading needs. Other great trading services offered by the broker includes; ultra-low spreads from 0.0 pips, competitive commission rates, super-fast trade execution, support for all trading strategies, industry-standard trading platforms, multiple fast and secure payment methods, and a multilingual customer support service, among others.

BrokerTickmill
RegulationFCA (United Kingdom), CySEC (Cyprus), FSCA (South Africa), LFSA (Malaysia), FSA (Seychelles), BaFin (Germany), CONSOB (Italy), ACPR (France), CNMV (Spain).
Forex Pairs64
Trading PlatformsMetaTrader 4, MetaTrader 5
Minimum Deposit$100
Demo AccountAvailable | Open Demo Account
Maximum Leverage1:500
Account CurrenciesUSD, EUR, GBP, PLN
Payment MethodsBank Wire Transfer, Credit/ Debit Cards (MasterCard, VISA), Skrill, Neteller, SticPay FasaPay, UnionPay, NganLuong.vn
Qiwi, WebMoney
PROS
  • Strong regulatory framework.
  • Top tier liquidity.
  • Client funds are segregated.
  • Negative balance protection.
  • Beginner friendly.
  • Hassle-free account registration process.
  • Offers a variety of asset classes.
  • Over 64 currency pairs, including major, minor and exotic currency pairs.
  • Multiple unique account types.
  • High Leverage from 1:1 to 1:500.
  • Supports all trading strategies (including hedging, scalping, algorithmic trading etc).
  • Ultra-fast trade execution
  • Industry-standard trading platforms available in web, mobile and desktop versions.
  • Transparent fee structure, with no hidden charges.
  • No deposit and withdrawal fee.
  • Competitive spreads and low commissions.
  • Great educational and research offering.
  • Dedicated multi-lingual customer support service.
CONS
  • No proprietary trading platform.
  • Limited range of instruments.

FBS

FBS

FBS is a highly reputable global online broker established and operated by FBS Markets Inc.; a globally recognized brand with over 22 million clients across 190+ countries worldwide. FBS offers CFD trading across a variety of asset classes including forex, metals, stocks, energies, indices and cryptocurrencies, with over 150+ instruments to trade.

FBS offers an exceptional brokerage service suitable for both newbie and professional retail clients. It offers various unique account types which clients can choose from to enjoy a tailored trading experience. Also, traders can enjoy many great trading conditions and services including deep liquidity, ultra-fast order execution, flexible & high leverage (from 1:1 to 1:3000), ultra-low spreads from 0.0 pips, industry-standard trading platforms, multiple fast & secure payment methods, dedicated customer support available 24/7 and much more.

BrokerFBS
RegulationIFSC (Belize), CySEC (Cyprus), ASIC (Australia), FSCA (South Africa)
Forex Pairs50+
Trading PlatformsFBS Trader, MetaTrader 4, MetaTrader 5
Minimum Deposit$1
Demo AccountAvailable | Open Demo Account
Maximum Leverage1:3000
Account CurrenciesUSD, EUR
Payment MethodsBank Wire Transfer, Credit Card, Debit Card, Perfect Money, WebMoney, cashU, Neteller, UnionPay, Skrill, OkPay, FasaPay, Local Deposits, SticPay
PROS
  • Strong regulatory framework.
  • Newbie friendly.
  • Over 12 years of industry experience.
  • Partner with top brands such as Leicester City FC and FC Barcelona.
  • Supports all trading strategies allowed.
  • Demo account with unlimited usage duration.
  • Negative balance protectiion.
  • Deep liquidity.
  • Low latency and fast order execution.
  • 50+ Currency pairs including major, minor and exotic currency pairs.
  • Low minimum deposit, starting from $1.
  • Flexible and high leverage from 1:1 to 1:3000.
  • Ultra-low spreads from 0.0 pips.
  • Great bonuses and contests for traders.
  • Tailored account types with great trading conditions and tools.
  • Fast and secure deposit and wthdrawal methods.
  • Industry standard trading platforms available in web, mobile and desktop versions.
  • Quality educational offering, including, e-courses, webinars and video tutorials.
  • Offers social/ copy trading through its proprietary copy trading platform (FBS CopyTrade).
  • Friendly customer support service, available 24/7 in over 18 languages.
CONS
  • Limited Product offering.
  • Limited account base currencies.
  • Limited amount of instrments compared to competitors.

IC Markets

IC Markets

IC Markets is a global leading online broker, as well as one of the largest forex providers (by trade volume) in the world. It offers forex and CFDs on a wide variety of global markets including, stocks, commodities, indices, cryptocurrencies, bonds and futures, with over 1780+ instruments to trade.

IC Markets offers an excellent trading solution suitable for beginner and professional traders, along with adequate support for all trading strategies (such as scalping, hedging, algorithmic trading etc). In addition, all clients can enjoy a plethora of top-notch trading services, some of which includes; consistent ultra-low spreads from 0.0 pips, fast trade executions, deep liquidity, advanced trading platforms & tools, transparent pricing and low trading fees, and great customer support service available 24/7.

BrokerIC Markets
RegulationASIC, FSA, CYSEC
Forex Pairs61
Trading PlatformsMetaTrader 4, MetaTrader 5, cTrader
Minimum Deposit$200 (or currency equivalent.)
Demo AccountAvailable | Open Demo Account
Maximum Leverage1:500
Account CurrenciesAUD, USD, EUR, CAD, GBP, SGD, NZD, JPY, HKD, CHF.
Payment MethodsBank Wire Transfer, Credit and debit cards, Paypal, Neteller, Neteller VIP, Skrill, UnionPay, Bpay, FasaPay, Broker to Broker, POLI, Rapidpay, Thai internet banking, Vietnamese internet banking.
PROS
  • Hassle-free account registration process.
  • Strong regulatory framework.
  • Over 180,000+ clients across 190 countries worldwide.
  • Strong global presecence and reputation among traders.
  • Deep liquidity.
  • Negative balance protection.
  • Clients funds are segregated.
  • Industry standard trading platforms available in web, mobile and desktop versions.
  • Provides support for algorithmic (such as Expert Advisors).
  • Over 61 currency pairs to trade including major, minor and exotic currency pairs.
  • Flexible leverage from 1:1 to 1:500.
  • Low latency and ultra-fast trade execution.
  • Supports all trading strategies.
  • Low spreads (starting from 0.6 pips) with zero commissions on the standard account.
  • Ultra-low spreads from 0.0 pips on IC Markets’ Raw Spread accounts.
  • Multiple fast and secure payment methods, with fast deposit and withdrawal processing times.
  • Demo account with unlimited usage duration.
  • No inactivity fee.
  • Dedicated and friendly multi-lingual customer support service available 24 hours a day, 7 days a week.
CONS
  • Product offering limited to CFDs.
  • No proprietary trading platform.

Forex.com

Forex.com

Forex.com is a highly reputable online broker across the globe and a part of StoneX Group Inc. (NASDAQ: SNEX), a publicly-traded company that meets the highest standards of corporate governance, financial reporting and disclosure. Forex.com offers forex trading and CFDs across a variety of asset classes including, indices, metals, commodities, stocks and cryptocurrencies, with over 4,500+ instruments to trade.

Forex.com offers a well-rounded trading solution, suitable for retail, commercial and institutional clients. It provides support for all trading strategies (such as hedging, scalping and EAs, etc). In addition, it offers several great trading services including; low-cost trading, top tier liquidity, superior trade executions, industry-standard trading platforms, professional guidance and support, transparent fee structure, an active trader program for reduced trading cost, and much more.

BrokerForex.com
RegulationASIC (Australia), NFA (US), CFTC (US), FCA (United Kingdom),  FSA (Japan), IIROC (Canada)
Forex Pairs80
Trading PlatformsForex.com Webtrader, Metatrader 4, Forex.com Mobile App
Minimum Deposit$100
Demo AccountAvailable | Open Demo Account
Maximum Leverage1:50
Account CurrenciesUSD, EUR, CAD, JPY, CHF, AUD, GBP
Payment MethodsBank Wire Transfer, Credit/ Debit Cards, Paypal, Skrill, Neteller.
PROS
  • Strong regulatory framework.
  • Over 20 years of indusry experience.
  • Beginner friendly.
  • Top tier liquidity.
  • Low latency and superior order execution.
  • Supports all trading strategies.
  • Negative balance protection.
  • Clients funds are segregated.
  • Over 80 currency pairs, including major, minor and exotic currency pairs.
  • Transparent fee structure with no hidden charges.
  • Low forex trading fee.
  • No deposit or withdrawal fee.
  • Offers Active Trader Program which helps reduce trading cost by up to 15%.
  • Quality educational and market research offering.
  • Industry-standard platforms available in web, mobile and desktop versions.
  • Great customer support service.
CONS
  • Inactivity fee of $15 (or 15 base currency equivalent) charged per month if there is no trading activity or no open positions for a period of 12 months or more.

Exness

Exness

Exness is a global, award-winning retail forex & CFD provider established in 2008, by Nymstar Limited; a global brand best known for its partnership with Real Madrid. It offers a variety of global markets including forex, indices, metals, cryptocurrencies, energies and stocks, with over 200+ instruments to trade.

Exness offers a highly reliable and outstanding brokerage service suitable for both beginner and professional retail traders. It provides traders with different account options, coupled with great trading conditions, which creates room for a tailored trading experience, along with support for all trading styles and strategies. Other great trading services clients can enjoy include deep liquidity, industry-standard trading platforms, low forex trading cost, ultra-low forex spreads from 0.0 pips, multiple fast & secure payment methods and a multi-lingual customer support team, available 24/7.

BrokerExness
RegulationFCA (United Kingdom), CySEC (Cyprus), FSA (Seychelles), CBCS, FSC(BVI), FSCA (South Africa)
Forex Pairs107
Trading PlatformsMetatrader 4, Metatrader 5
Minimum Deposit$1
Demo AccountAvailable | Open Demo Account
Maximum Leverage1:Infinity
Account CurrenciesAUD, USD, GBP, EUR, SGD, CAD
Payment MethodsBank Wire Transfer, Credit/ Debit Cards, Skrill, Neteller, WebMoney, PerfectMoney, Bitcoin, Tether
PROS
  • Strong regulatory framework.
  • Deep liquidity.
  • Negative balance protection
  • Hassle-free account opening process.
  • Multiple industry standard trading platforms available in web, mobile and desktop versions.
  • Over 100+ currency pairs, including major, minor and exotic currency pairs.
  • Multiple tailored account types.
  • Low forex trading cost.
  • Offers the highest forex leverage in the industry.
  • Consistent ultra-low spreads from 0.0 pips.
  • Multiple fast and secure deposit and withdrawal methods.
  • Transparent fee structure with no hidden charges.
  • No deposit and withdrawal fee.
  • Friendly and multi-lingual customer suport team, available 24/7.
CONS
  • Limited instrument offering compared to other competitors.
  • Limited product offering.

HotForex

HotForex

HotForex is a global award-winning broker established and operated by HF Markets Group; a globally renowned fintech brand that strives to meet and exceed the highest standards of online trading. It offers CFD trading across a variety of global markets including forex, commodities, indices, cryptocurrencies, bonds, stocks DMA, ETFs and shares with over 1000+ instruments to trade.

HotForex provides a phenomenal trading service suitable for both beginner and professional retail clients. It also offers various unique account types with great account options, which clients can select to enjoy a tailored trading experience that perfectly suits their needs. Coupled with great account conditions and a range of advanced trading tools, HotForex caters to all trading strategies including scalping, hedging and algorithmic trading (such as EA trading), copy trading and much more.

In addition, traders can enjoy exceptional trading conditions including deep liquidity, superior trade execution, negative balance protection, low trading cost, ultra-low spread from 0.0 pips, multiple tailored account types, multiple fast and secure payment methods, great market research offering, quality educational offering and a friendly multi-lingual customer support team available via phone, email and live chat.

BrokerHotForex
RegulationCySEC (Cyprus), FCA (UK), DFSA (Dubai), FSCA (South Africa), FSA (Seychelles), FSC (Mauritius)
Forex Pairs50+
Trading PlatformsMetaTrader 4, MetaTrader 5, WebTrader.
Minimum Deposit$5
Demo AccountAvailable | Open Demo Account
Maximum Leverage1:1000
Account CurrenciesUSD, EUR, PLN, ZAR, NGN
Payment MethodsBank Wire Transfer, Credit/ Debit Cards (VISA Secure, VISA, Mastercard, Maestro), Skrill, Neteller, Union Pay, BitPay, Web Money, VLOAD, Fasapay, Cryptocurrency.

PROS
  • Strong regulatory framework.
  • Strong global presecence and reputation among traders.
  • Beginner friendly.
  • Hasle-free account registration process.
  • Deep liquidity.
  • Superior trade execution.
  • Negative balance protection.
  • Demo account with unlimited usage duration.
  • Low required minimum deposit.
  • Offers the South African Rand as a base currency.
  • Multiple tailored account types.
  • Over 50+ currency pairs including, major, minor and exotic currency pairs.
  • Supports all trading strategies.
  • Flexible and high leverage from 1:1 to 1:1000.
  • Multiple fast and secure payment methods.
  • Low cost trading.
  • Ultra-low spreads from 0.0 pips.
  • Offers copy trading.
  • Quality educational offering including forex education/ e-courses, training courses videos and webinars.
  • Great market research offering.
  • Multi-lingual customer support service available 24/5 via phone, email and live chat.
CONS
  • Limited product offering.
  • Does not offer a propritary trading platform.
  • Inactivity fee charged, after 6 months of account inactvity.

XM

XM

Established by the Trading Point Group, XM is a multi-award-winning online broker, as well as one of the biggest forex and CFD providers (by trade volume) in the world. It connects traders to a wide variety of global markets including forex and CFDs on stocks, commodities, equity indices, precious metals, energies and shares with over 1000+ instruments to trade.

XM offers a well-established brokerage solution for both beginner and professional retail traders. It is also suitable for all trading strategies and offers different account types with great account options, which traders can choose from to enjoy a tailored trading experience that perfectly suits their trading needs. In addition, traders can also gain access to multiple industry-standard brokers, deep liquidity, tight spreads, fast order execution, negative balance protection, a dedicated multilingual customer support service, and much more.

BrokerXM
RegulationCySEC (Cyprus), DFSA (United Arab Emirates), ASIC (Australia), IFSC (Belize), FCA (United Kingdom), BaFin (Germany), CNMV (Spain), MNB (Hungary), CONSOB (Italy), ACPR (France), FIN-FSA (Finland), KNF (Poland), AFM (Netherlands) and FI (Sweden).
Forex Pairs55 Currency Pairs.
Trading PlatformsMetaTrader 4, MetaTrader 5
Minimum Deposit$5
Demo AccountAvailable | Open Demo Account
Maximum Leverage1:888
Account CurrenciesUSD, EUR, GBP, JPY, CHF,‎AUD, HUF, PLN, RUB, SGD, ZAR
Payment MethodsWire Transfer, Internet Banking, Local Bank Transfer, Credit/ Debit Cards, Neteller, Neteller VIP, Skrill, UnionPay, RapidPay, POLI
PROS
  • Strong regulatory framework.
  • Easy account registration process.
  • Supports over 30 languages.
  • Beginner friendly.
  • Deep liquidity.
  • Fast order execution
  • Multiple tailored account types.
  • Offers swap-free account.
  • Ultra low spreads from 0.0 pips on the Zero account.
  • Low minimum deposit.
  • Industry-standard trading platforms available in web, mobile and desktop versions.
  • Supports all trading strategies.
  • Support over 11 account base currencies.
  • Multiple fast and secure deposit and withdrawal methods..
  • Quality education & research offering.
  • Great customer support service.
CONS
  • No proprietary trading platform.

Capital.com

Capital.com

Capital.com is a cutting-edge & innovative global online broker offering forex trading and CFDs across a variety of asset classes including indices, commodities, shares, ETFs and cryptocurrencies, with over 6000+ instruments to trade.

Capital.com offers a well-rounded brokerage service with trading solutions suitable for retail and institutional clients. It also provides support for all trading styles and strategies such as scalping, hedging and algorithmic trading etc. In addition, clients can enjoy an extensive list of great brokerage services including; deep liquidity, low trading fee, ultra-tight spreads with zero commissions, fast order execution, negative balance protection, industry-standard trading platforms, quality education offering and great customer support service, among others.

BrokerCapital.com
RegulationASIC (Australia), FCA (United Kingdom), CySEC (Europe), NBRB (Belarus)
Forex Pairs138
Trading PlatformsCapital.com Web Platform, MetaTrader 4, TradingView
Minimum Deposit$20
Demo AccountAvailable | Open Demo Account
Maximum Leverage1:500
Account CurrenciesGBP, USD, EUR, PLN, AUD
Payment MethodsBank Wire Transfer, Visa, MasterCard, Skrill, Neteller, iDeal, Giropay, Przelewy24, QIWI, WebMoney, Trustly, Worldpay and AstroPay
PROS
  • Strong regulatory framework.
  • Easy account registration process.
  • Low minimum deposit (from $20).
  • Deep liquidity.
  • Fast order execution.
  • Negative balance protection.
  • Industry standard trading platforms.
  • Transparent fee structure, with no hidden charges.
  • Zero commissions.
  • No deposit and withdrawal fees.
  • Consistent ultra-tight spreads.
  • Low overnight fee.
  • Free quality trading education, including online courses, guides and webinars.
  • Unlimited demo account duration.
  • Great customer support service, available 24/7.
CONS
  • MetaTrader 5 is not available.

FXTM

FXTM

FXTM is a multi-award-winning forex and CFD provider established by the FXTM group; a global leader in the online trading industry. FXTM offers forex trading and CFD trading across a variety of global markets including indices, stocks, commodities and cryptocurrencies with over 200+ instruments to trade.

FXTM offers great trading solutions suitable for newbie and professional retail traders, and also provides support for all trading strategies such as scalping, hedging, algorithmic trading etc. It also offers several other great trading solutions such as; ultra-low spreads from 0.0 pips, low financing, different tailored account types, deep liquidity, negative balance protection, multiple fast and secure payment methods, quality educational offering and great customer support service.

BrokerFXTM
RegulationFCA (United Kingdom), CySEC (Cyprus/ Europe), FSC (Mauritius), IFSC (Belize/ International), FSCA (South Africa)
Forex Pairs63
Trading PlatformsMetaTrader 4
Minimum Deposit$50
Demo AccountAvailable | Open Demo Account
Maximum Leverage1:2000
Account CurrenciesEUR, GBP, USD, NGN
Payment MethodsBank Wire Transfer, Credit/ Debit Cards (MasterCard, VISA, Maestro), Skrill, Neteller, Bitcoin, Google Pay, JCB Card, M-Pesa, Perfect Money, QIWI, UnionPay, Webmoney, WeChat Pay, Western Union, WorldPay, Yandex Money
PROS
  • Strong regulatory framework.
  • Hasle-free account registration process.
  • Multiple tailored account types.
  • Deep liquidity.
  • Fast trade execution.
  • Negative balance protection.
  • Support all trading strategies.
  • Flexible and high leverage from 1:1 to 1:2000.
  • Multiple fast and secure payment methods.
  • Low financing fee.
  • Ultra-low spreads from 0.0 pips.
  • Over 60+ currency pairs including major, minor and exotic pairs.
  • No deposit fee.
  • Negative balance protection.
  • Quality educational offering.
  • Great customer support service.
CONS
  • Limited products offering.
  • Limited instrument offering compared to other competitors.
  • Withdrawal fee charged for bank and card payments.
  • Trading platform limited to only Metatrader 4.
  • Inactivity fee charged (after 6 months).