Best Forex Broker in Indonesia for 2024

A Forex Broker or Foreign Exchange Broker is an intermediary between local banks and clients. They offer a price from a local Forex Bank where they can access a line of credit cards and forex liquidity. Many of them use multiple local banks or any central bank for pricing and offer the best price to the client.

The best forex broker Indonesia market is the largest financial market and is always open. In Indonesia, this financial market is growing rapidly. Experts believe Indonesia will soon become the world’s leading forex market. Citizens also enjoy this perfect forex trading environment because the best Fx 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 must rely on different trading tools to make informed decisions during trading hours.

You can find several forex brokers in Indonesia, including Asia Trade Point Futures, Monex Investindo Futures (Mifx), and PT Monex Investing Futures. One of them, PT Asia Trade Point, a Jakarta-based broker, is well-known for various asset classes.

About Forex Broker Indonesia

Understanding forex trading is crucial in Indonesia due to its growing economy and people’s increasing interest in financial markets. This article examines the fundamentals of operating as a forex broker in Indonesia, providing information for both new brokers and potential traders.

Because of its rapid growth, Indonesia has become a popular destination for foreign exchange companies. The country’s diverse population, especially young residents over 28, has created a thriving environment for the forex market, offering opportunities for financial independence. For individuals looking to invest in trade in the global financial market, we have evaluated the top 12 forex brokers along with their key features, pros, and cons, and why we have chosen to be a part of our list of the Best Forex Brokers in Indonesia.

Key Takeaways

  • Regulation – A regulated forex broker must maintain fairness and transparency in all aspects of their activity, including clear disclosure of fees, commissions, pricing, and leverage.
  • Trading Platforms – Forex brokers in Indonesia typically have a range of trading platforms that traders use to place their forex trades. However, not all platforms are developed with the same intention. Choose platforms that support desktop terminals, mobile-friendly apps, and a range of third-party platforms commonly used by forex traders worldwide.
  • Spreads and Commissions – Forex brokers in Indonesia have different fees, commissions, trading costs, and spreads. Before registering with the best forex brokers, explore each of their pricing structures.
  • Payment Methods – With millions of forex trading platforms available in Indonesia, different types of payment methods are accepted. It is important to know the security and convenience of depositing and withdrawing funds, the fees involved, and the processing time required for each payment method before choosing to trade with a particular forex broker.
  • Customer Support – While choosing the best forex broker in Indonesia, it is also important to consider their customer support and choose reputable forex brokers offering efficient and responsive support agents, resolving customer queries related to deposits and withdrawals, technical issues, and much more.

Best Forex Brokers in Indonesia: Updated List of 2024

  1. Exness:- Best for Experienced Traders
  2. FxPro:- Best for Forex and CFD Traders
  3. Octa:- Best for Beginners & Market Execution
  4. FBS:- Best For Retail Clients With Negative Balance Protection
  5. InstaForex:- Best For Trading facilities
  6. XM:- Best for a Wide Range of Forex Markets
  7. FXCM:- Best MT4 Broker in Indonesia
  8. Vantage FX:- Best for Providing Great Service for Trading
  9. HFM:- Best for MetaTrader Platform
  10. Forex4you:- Best for Beginners & Experienced Traders
  11. FXTM:- Best for Copy Trading and CFD Trading Feature
  12. Interactive Brokers:- Best for Professional Traders

Browse the Top Forex Brokers in Indonesia 

There are many forex brokers in Indonesia. After reviewing the following list that accept Indonesian traders, you can choose the one that best suits your needs. Before choosing, make sure you compare the Indonesian forex brokers.

1. Exness

Exness - Top Forex Broker Indonesia
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Exness is a reputed retail forex and CFD brokerage platform founded in 2008  by Igor Lychagov and Petr Valov. It offers its clients worldwide corporate solutions, partnerships, and foreign exchange services. Exness allows trading on an extensive list of assets like crypto, currency pairs, metals, & CFDs.

Exness provides various trading platforms like MetaTrader 4, MetaTrader 5, Exness Terminal, and MetaTrader mobile. It also has a trading app for mobile users to place their trade anywhere at their fingertips. It supports Android and iOS both.

Certain unique factors attract more users and set Exness apart from other competitors. A few of them are instant withdrawal, no deposit and withdrawal fees, no inactivity fees, the lowest commissions in the forex market, a range of account types, and no hidden commission. If you want to explore the platform more, here is our detailed Exness review, which covers everything.

Why We Choose It?

With over 700,000 active traders on the platform, Exness is the best forex broker in Indonesia that offers instant withdrawals, ultrafast execution, no overnight charges, and a Stop Out Protection feature. The Cyprus-based forex and CFD brokerage platform also provides access to award-winning MetaTrader 4 and MetaTrader 5 platforms, multiple account types, and raw spreads.

Key Features

  • A free demo account for new traders to familiarize themselves with Exness features and functions without risking real money.
  • Trade across forex CFDs, commodities CFDs, stock CFDs, indices CFDs, and crypto CFDs.
  • It supports desktop, mobile, and web trading platforms with MetaTrader 4/5, the proprietary Exness Trade app, Exness Terminal, and the MetaTrader Web terminal.
  • There are a multitude of trading tools to help both beginners and advanced traders, including analytical tools, an economic calendar, an investment calculator, a currency converter, VPS hosting, and Trading Central WebTV.
  • Multiple account types supported different trading styles and preferences, including Standard, Professional, and Social Trading accounts.
  • Offers the ease and security of deposits and withdrawals via local, safe, and convenient payment methods and seamless transactions.
  • Maintains client funds in segregated bank accounts to ensure peace of mind and top security.


  • There is no commission charge for any deposit or withdrawals
  • Multiple account types
  • 24/7 support
  • Quick deposits and withdrawals
  • Provides demo accounts & virtual funds to practice


  • Its training resource is available only in the English language
  • No bonuses & promotions are offered
  • No USA or European retail clients allowed
  • It is a little difficult for beginners

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2. FxPro

FxPro - Best for Forex and CFD Traders
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Headquartered in London, FxPro is an ideal forex broker in Indonesia. It is recognized for its reliability and trustworthiness, with more than 2 million registered users across 170 countries, offering extensive trading options, real-time market news, and a transparent pricing structure.

FxPro participates in the Financial Services Compensation Scheme and stands out in the forex trading market despite its comparatively higher fees and inadequate educational resources. With multiple trading platforms like FxPro Trading Platform, cTrader, MT4, and MT5 platforms, traders can experience seamless trading on their Android and iOS devices, featuring mobile price alerts, real-time news, and customizable watchlists. Overall, this FxPro review suggests that the platform is the most secure and regulated forex broker in Indonesia, offering over 2,100 instruments across various categories. Additionally, it provides 24/7 customer support, catering to traders worldwide.

Why We Choose It?

  • A well-regulated Indonesian forex broker since 2006, FXPro is considered a secure trading platform. It adheres to industry regulatory standards and employs top-notch security measures. It offers over 2,100 financial instruments across different categories, including 70+ forex pairs, individual, company shares, commodities, crypto, CFDs, and equity indices. Also, it provides a quick and simple account opening process with diverse account types for different trading styles and preferences.

Key Features

  • Multiple choices for trading platforms, including cTrader, MetaTrader 4/5, and FxPro’s proprietary trading platform, give a smooth, beginner-friendly service with simple pricing.
  • Professional and reliable industry-standard research tools, such as macroeconomic calendars, multilingual webinars, and other educational resources, provide essential information to beginners.
  • Excellent customer care is available 24×5 via live chat, phone support, email, and other social media channels.


    • Free deposits and withdrawals
    • Offers the lowest pricing and fully transparent execution methods
    • Best known for its cTrader and MetaTrader platform offerings available via mobile, Web, and desktop
    • Provides multiple trading choices at competitive pricing
    • Offers real-time market news to keep traders up-to-date


  • More suitable for experienced and professional traders
  • Charges an inactivity fee of $10
  • Does not offer copy-trading

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3. Octa

Octa - Top Forex Broker Indonesia
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Octa (formerly known as OctaFX) is the best in Indonesia and 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.

Octa is a reliable broker that offers attractive features such as personal account management, Forex ECN account support, risk management tools, bank transfer support, a range of deposit methods, smooth order execution, financial instruments, swap-free Islamic account support, and 24/7 customer service. This foreign exchange broker’s goal is to provide the best trading experience for retail investors, traders, and financial institutions.

Octa, the best in Indonesia has 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. The platform also has its own Octa trading app, where users can trade forex or any other asset at their convenience. However, read our Octa review to learn more about the platform.

Why We Choose It? 

Octa is a reliable Indonesia forex broker that gives access to global markets on easy-to-use Web and app platforms with advanced data protection. It is beginner-friendly, requiring a minimum deposit of only $20, and offers commission-free trading with low spreads and fast withdrawals 24×7. Octa features a 50% deposit bonus on every deposit made on the platform, along with a status program that gives more power to traders who can unlock numerous benefits at every level of the program.

Key Features

  • The lowest spreads in the industry start at 0.4 pips.
  • Fastest execution of trades at observed prices.
  • Does not charge any swapping fees on overnight orders.
  • 97.5% of the trade orders on Octa are executed without any slippage.
  • Commission-free deposit and withdrawal processes.
  • Multiple trading platforms are supported across web, mobile, and desktop devices.
  • Offers negative balance protection that restricts trades if account balance becomes negative.


  • MetaTrader 4 and MetaTrader 5 are available
  • Deposit bonuses are available to novice traders
  • They Provide a Demo Account
  • Real-time updates with 24-hour customer support


  • Goes inactive after 60 days; the ctrader suite demo account is not available

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4. FBS

FBS - Trusted FX Broker Indonesian Traders
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FBS, the best online trading broker in Indonesia, has low trading costs and a comprehensive list of clients from many industries in terms of trade services. Whether you are a private investor, a private trader to buy and sell stocks, or an institutional investor to trade in the financial markets, you can find it all at FBS.

The trading platform’s assets are the largest in the world with MetaTrader 4 and MetaTrader 5 support. It is included in the list of best forex broker platforms.

An integral part of the brokerage company’s success is its ability to provide customized solutions for every client’s specific needs. From providing trade services, demo accounts, trading forex, minimum deposits and withdrawals, cent account support, and a range of deposit methods for corporate traders to providing advisory services for private investors, it works hard for each of its clients so they can easily achieve their trading goals. It also supports standard accounts and raw ECN accounts.

Among the others in the regulated forex broker or global broker list, while we compare FBS with most brokers, it has earned the name of one of the best forex brokers in Indonesia. This web trader platform is regulated by many regulatory authorities like CySEC (Cyprus Securities and Exchange Commission), IFCA, FSCA, and ASIC (Australian Securities and Investments Commission).

View our in-depth FBS review to learn more about these online brokers, including information on services, lowest trading fees, withdrawal fees, trading tools, and more.

Why We Choose It? 

Any Indonesian Fx trader can use FBS and trade confidently with the free demo account to access more than 550 instruments in the global market. FBS accepts payments using over 200 deposit and withdrawal methods and holds client funds in segregated bank accounts to ensure security. The multilingual support agents are available 24×7 via live chat, resolving queries in 8 different languages to cater to a wider section of the trading community.

Key Features

  • Most transparent IB commissions of up to 43% of the spread amount.
  • Offers fast deposits and withdrawals through any payment system in any currency traders choose.
  • Various trading instruments include forex, metals, indices, energies, stocks, and forex exotic pairs.
  • Offers trading tools like MetaTrader 4 Multi-Terminal, fixed-rate, swap-free trading, and VPS server.
  • The lowest spreads start from 0.7 pips, with the fastest order execution at 0.01 seconds.
  • One of the highest leverages of up to 1:3000.
  • The minimum deposit requirement is only $5, which is suitable for beginners.


  • The minimum deposit requirement is low in FBS brokers with bank transfer options
  • FBS offers Deposit bonuses & promotions, which are available to novice traders as well
  • The Web Trader offers a Demo account type along with a variety of deposit methods


  • Non-EU traders have many more options when it comes to opening new accounts and this can make it harder for EU traders

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5. InstaForex

InstaForex - Secure Indonesia Forex Broker
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In this forex market deposit and withdrawal option, transactions are done within 48 hours. It offers an easy-to-use interface and a large number of tradable assets with ECN trading. You will find MetaTrader 4 support as well, and you can top up with a credit card or do an easy bank transfer.

InstaForex is a broker that has been in the market for over 15 years now. It services over 150 countries and has more than 70,00,000 clients on its website. Just like MRG Mega, it provides financial advice and support to its clients.

The trading platform offers local traders a wide range of assets to trade with, including cryptos, stocks, indices, metals, oil and gas, commodity futures, and currencies with bank transfer support. The best Indonesian regulated brokers also offer margin trading with up to 8:1 leverage for those looking to make bigger profits; always trade with a regulated broker to earn big.

In addition, to learn more about the InstaForex broker’s trading platform and its financial product, check out our InstaForex review.

Why We Choose It?

InstaForex is the best forex broker in Indonesia that offers a wide range of bonuses, including a 100% bonus on the first deposit, a 55% bonus, a 30% bonus, and 40% club bonus on every deposit. It also features an instant account opening process that does not take much time and provides beginners with ample opportunity to start a successful forex trading experience.

Key Features

  • Four different account types with unique features, spreads, and commissions, including Insta.Standard, Insta.Eurica, Cent.Standard, and Cent.Eurica.
  • It supports five different trading platforms, including MetaTrader 4 and MetaTrader 5, multi-terminal, web trading platform, and Mobile Trader, to meet individual needs and preferences.
  • Many trading tools for advanced trading include trader’s calculator, dividend calculator, VPS hosting, video analysis, economic calendar, and analytical review.
  • With MetaTrader 4, traders can send 2 market orders, 2 execution modes, 2 stop orders, 4 pending orders, and 1 trailing stop order.


  • One of them is a Deposit bonus available to novice traders
  • With a wide selection of currencies, you can trade from multiple pairings in the best FX broker
  • They have competitive spreads with bank transfer support
  • The demo account is available, and a range of deposit methods


  • The low diversity of available markets means that there is low liquidity in the market and a high risk of a trader being liquidated
  • 24×7 customer support not available

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6. XM

XM - High Ranked Indonesian Forex Brokers
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XM is a popular & best forex broker in Indonesia that offers high-quality service to its traders for trading forex and other assets. XM was founded in 2009 by a group of revolutionary traders who aimed to establish an innovative, transparent, and fair industry-leading forex broker. This platform is renowned for forex trading.

XM, the best in Indonesia, offers the best trading conditions for beginners and experienced traders. It introduces new trading tools and technologies along with expert analysis, a range of deposit methods, skilled institutional services, and bank transfer support.

The broker’s trading platform assets, such as CoFTRA and XM, have permission from Indonesian authorities. They are also regulated by many authorities, such as CySEC, ASIC, IFSC (International Financial Services Commission), and more. Get more insight about the platform in our XM review, where we have covered everything.

Why We Choose It?

XM offers more than 1000 trading instruments with a maximum level of 1000:1 that can be traded on the go using the XM mobile app. XM is the top forex broker in Indonesia, offering more than a CFD, crypto, and forex trading account, including free daily technical analysis, unlimited access to video tutorials, personal account managers, daily forex market outlook, 10 trading platforms to choose from, and free access to forex market research and daily forex webinars.

Key Features

  • Trade across 50+ global currency pairs, over 600 companies on stock CFDs, CFDs on crypto, indices, metals, energies and commodities, and turbo stocks, with a maximum leverage of 200:1.
  • A licensed and regulated forex broker in multiple jurisdictions under ASIC, CySEC, FSC, and DFSA.
  • Easy and convenient account opening process, deposits and withdrawals, and easy-to-use interface for all types of traders.
  • Four trading account types, including Micro, Standard, Ultralow, and Shares, have different base currency options, leverages, and other features and functions.
  • Competitive and transparent swap rates following a three-day rollover strategy.


  • It is a trustworthy broker with MetaTrader 4 Support
  • It offers low withdrawal fees with bank transfer support
  • Futures investment is reliant


  • Limited portfolio of products

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FXCM - Top Forex Brokers in Indonesia
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FXCM, a globally recognized leader in forex trading, offers a comprehensive and trusted brokerage experience in Indonesia. An Indonesian trader can have withdrawals in no time and a range of deposit methods. The trading platform assets, such as trading forex and others, have permission from Indonesian authorities like CoFTRA. It offers financial instruments, spread betting, and many more features to suit one trading style.

See our in-depth FXCM review for more information on their features, benefits, and potential drawbacks.

Why We Choose It?

Consider the best forex broker in Indonesia, FXCM is an award-winning forex provider with zero-commission trading platforms, world-class customer support, and trading resources and solutions for traders of all experience levels. It features a multitude of trading platforms, including Trading Station, TradingView Pro, MetaTrader 4, and ZuluTrade, on which traders can trade popular CFDs and currency pairs with enhanced execution without any restriction on limit and stop orders.

Key Features

  • Trading Station features robust chart tools and powerful trading tools like Trader Sentiments, Real Volume, and Market Depth, which can be customized according to traders’ style and preferences.
  • Trading across the world‘s largest financial markets with enhanced execution and low spreads.
  • Features maximum liquidity and depth for major forex pairs with a maximum leverage of up to 1000:1.
  • Social trading on ZuluTrade allows traders to copy leading traders and access their strategies to make profitable trades.
  • ZuluGuard’s account protection feature monitors every trader’s activities and behavior and removes trading systems when a deviation from the expected loss profile is detected.
  • An active referral program that offers bonuses when the referred user opens an account and funds with a minimum of $300.


  • It has good research tools and webinars
  • The best forex brokers in Indonesia education content is of high quality
  • It gives a fast opening of an FX trading account to a trader along with a spread betting account


  • The FX broker has a limited product portfolio

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8. Vantage

Vantage FX - Top-Notch Forex Brokers Indonesia
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Vantage is one of the best forex brokers in Indonesia. It offers trading services, spread betting, education, trading forex, and training programs for traders. The broker forex site has an in-depth and structured online learning platform, making it easy for Indonesian clients to learn and practice the skills needed for successful Forex trading in Indonesia.

Traders can utilize the learning platform of the best forex brokers at their own pace using a simulated account that gives them limited access to the market. They can also utilize various types of trading tools, such as webinars and video tutorials. Want to learn more about online brokers like Vantage? Our honest review of Vantage review covers their services, withdrawal fees, trading costs, tools, and more.

Why We Choose It?

Vantage is a premier broker of Forex Indonesia with 1000+ products, including forex, stocks, indices, commodities, metals, and more. Vantage has had an excellent market presence for more than 13 years, with more than 3 million registered users. Traders can get access to free educational resources to build trading knowledge with free articles, webinars, interactive courses, and articles related to complex technical strategies.

Key Features

  • Offers advanced trading tools and features such as expert market analysis, comprehensive Trading View charts, one-click trading, and real-time price alerts.
  • Offers competitive spreads across a wide variety of financial markets, allowing traders to maximize their returns.
  • Supports lighting fast execution of trades, ensuring that traders can enjoy every market opportunity efficiently and quickly.
  • A transparent pricing structure allows traders to understand every cost associated with the trades without hidden charges.
  • Deposit bonus of 50% and funds growth rate of 13% p.a.


  • It provides fast account opening for traders
  • It has no withdrawal fees
  • Futures investments are safe, secure, and have bank transfer support


  • The initial deposit of the broker forex platform is quite high

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9. HFM

HotForex - Best Forex Broker in Indonesia
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HFM is one of the best forex brokers in Indonesia. It offers its clients a variety of trading options, including both manual and automated trading, which helps traders in all stages of the process. HFM provides traders with an efficient, easy-to-use platform on which they have access to more than 60+ complex trading instruments, including futures, commodities, stock exchange, indices, and more.

Although HFM is regulated by many authorities like FCA (UK’s Financial Conduct Authority), FSCA, DFSA, CySEC, CMA, FSA (Financial Services Authority), and most importantly, approved by the services authority of Indonesia. We recommend exploring our in-depth HFM review to gain insights into the HFM platform and its features.

Why We Choose It?

It is the best broker forex in Indonesia that offers CFDs on global financial markets, including forex, bonds, metals, energies, indices, shares, and commodities. It covers the best trading conditions, including maximum leverage of 1:2000, quick deposits and withdrawals, swap-free accounts, and ultrafast execution order execution.

Key Features

  • Four trading accounts with variable spreads, leverages, and other perks, including Cent, Zero, Pro, and Premium accounts.
  • Every client has the option of a 100% supercharged bonus of up to $50,000 or a 10% bonus of up to $5000.
  • It offers more than 500 trading instruments and serves 2.5 million clients around the world.
  • A dedicated HFM trading app featuring an intuitive, innovative, and modern interface for customized trading.
  • Employs leading security measures and holds client funds in segregated bank accounts.
  • It offers multiple trading platforms, including MetaTrader 4, MetaTrader 5, and a proprietary HFM mobile app for trading on the go.


  • It allows a trader to open an account quickly
  • It has a very low commission and a range of deposit methods


  • Depending on your area, the services change

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10. Forex4you

Forex4you- Regulated by SVG
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Forex4you is the top Indonesian online trading platform, established in 2007. That provides Contracts for Difference (CFDs) on various financial instruments. It is easy to use the platform and get help because their customer service and website are available in Bahasa Indonesia.

In addition to industry-standard options like MetaTrader 4 and 5, the broker provides a range of trading platforms, including its own user-friendly web and desktop platforms. This caters to experienced traders seeking advanced features and beginners who prefer a simpler interface. Though it operates under the supervision of the SVG authority, it is not directly regulated by the Indonesian Financial Services Authority (OJK).

Before making any investment decisions, Indonesian traders should check prices through various brokers, carry out in-depth research, and speak with a financial counselor.

Why We Choose It?

Forex4you is the best forex broker in Indonesia that offers maximum leverage of up to 1:2000, tight spreads, lightning-fast order execution, a wide range of tradable instruments, and multiple trading platforms, including Forex4you Mobile, MetaTrader 4/5, and desktop platforms. Traders can multiply their income by becoming leaders on the Share4you social trading network.

Key Features

  • Features more than 50 currency pairs for forex trading, 15 major indices for indices trading, and over 50 companies under stock trading.
  • Offers the fastest deposits and withdrawals 24×7 across multiple payment methods, including cryptocurrencies, e-wallets, credit cards, electronic systems, and many more.
  • Fastest order execution starting at 0.1 seconds with free-market analytics.
  • Six different account types, including Cent Fixed, Cent Pro, Classic Fixed, Classic Pro, Classic Standard, and a Demo account for different trading styles.
  • The Share4you copy trading feature allows traders to follow the activities of experienced traders and copy their trades for their benefit.
  • An enriching educational section featuring articles, trading school, video tutorials, trading central, economic calendar, seminars and webinars.


  • Diverse platforms (MT4, WebTrader, Mobile App)
  • Swap-free Islamic accounts
  • Multiple funding options (IDR, e-wallets)


  • Not OJK-regulated
  • Higher-than-average fees (commissions, spreads)

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11. FXTM

FXTM - Best Platform for Forex Trading in Indonesia
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FXTM is one of the best forex brokers in Indonesia, offering a wide range of services, including foreign currency trading, investment advice, personalized investment management, various types of deposit methods with debit cards, social trading, carefully designed trading signals, Islamic accounts are supported, spot metals to trade, live account, and online bank transfers. It stands out among other trusted forex brokers.

In 2016, the company employed over 3,000 people globally. However, the platform is regulated by CySEC, FCA, FSC, FSCA, & IFSC (International Financial Services Commission), and with the support of the services authority of Indonesia, still having these regulators backing you up, setting your investment objectives is advised to have safer trade across the global markets. However, check our honest FXTM reviews and know everything about the platform in detail.

Why We Choose It?

FXTM is the top forex broker in Indonesia with ten years of experience in forex, CFDs, and stocks. It has over 1 million clients worldwide, serving over 150 countries with different account types, spreads as low as zero, and various trading platforms, including Web, desktop, and mobile on MetaTrader 4 and 5. It also offers free educational content in different formats for beginners and advanced traders.

Key Features

  • $1 million in client insurance fund, covering both available balance and open positions on FXTM.
  • Choose from a wide range of local payment methods, e-wallets, cards, and more for fast deposits and withdrawals.
  • Spreads start at zero pips, with a 0% commission on stocks and a $3.5 commission per lot on forex.
  • Copy trading features allow traders to follow the strategies of experienced traders for as little as $100.
  • Traders can keep full control of their funds and pay a small fee when the Strategy Manager makes a profit.
  • Lots of educational resources, including videos, glossary, forex trading guides, economic calendar, daily market analysis, and many more.


  • It is well-known, regulated, and licensed by top-tier regulators
  • Upgraded trading platforms, including MT4, MT5, and proprietary mobile trading FXTM ap


  • There are no US clients for these forex traders
  • Relatively fewer security measures

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12. Interactive Brokers

Interactive Brokers - Best Forex Broker in Indonesia
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Interactive Brokers is a global leader in international brokerage, one of the best forex in Indonesia which is offering both retail and institutional clients the world’s most advanced brokerage technology. The company has offices in London, New York, Chicago, Hong Kong, Tokyo, Sydney, Toronto, and other major financial centers around the world.

Based on the company’s press release dated December 3rd, 2018, it can be seen that Interactive Brokers (the market makers) is one of the fastest-growing brokerages, and the presence of regulators like CFTC (commodity futures trading commission) makes it safer.

Learn more about their offerings and see if they align with your trading needs in our in-depth Interactive Brokers review.

Why We Choose It?

Interactive Brokers is the best forex broker in Indonesia, providing every trader with global access to stocks, futures, options, currency, funds, and bonds at low commissions and spreads. IBKR BestX is a robust advanced trading technology designed to help traders achieve the best trade execution and maximize their returns while minimizing market impact.

Key Features

  • It offers low trading fees and does not charge fees for account opening, minimum activity, or deposits and withdrawals.
  • Features powerful trading platforms for traders to discover investment opportunities using 100+ order types and other trading tools.
  • Transaction cost analysis, margin details, real-time trade confirmations, sophisticated portfolio analysis, and many more features are available in algorithmic trading.
  • Trader’s Academy provides free courses and trading lessons on different concepts related to financial trading, including options, stocks, futures, bonds, and other trading products.
  • Free demo accounts are available for all new users, offering $1,000,000 in simulated trading accounts to learn Interactive Brokers’ tools and services.


  • The best broker gives the fast opening of an account to a trader
  • Forex trader gets 0.1 lot


  • A high deposit is required

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Comparison of Indonesian Forex Brokers

Forex Brokers Account Opening Charges Brokerage Charges
Best Forex Broker in Indonesia for 2024 Free From $0.05 each side per lot. Up to $3.50 each side per lot
Best Forex Broker in Indonesia for 2024 Free $35 per million USD traded
Best Forex Broker in Indonesia for 2024 Free Free
Best Forex Broker in Indonesia for 2024 Free Variable
Best Forex Broker in Indonesia for 2024 Free Free
Best Forex Broker in Indonesia for 2024 Free $3.5 commission per lot per trade
Best Forex Broker in Indonesia for 2024 Free $0.20
Best Forex Broker in Indonesia for 2024 Free Per 0.01 lots and 1.00 lots
Best Forex Broker in Indonesia for 2024 Free Start from a low $0.03 per 1k lot
Best Forex Broker in Indonesia for 2024 Free From $8 per lot
Best Forex Broker in Indonesia for 2024 Free FX – $3.5 per lot traded ($7 round turn)
Spot Metals – $25 per million notional value traded
Best Forex Broker in Indonesia for 2024 Free $0.01 per trade

Forex Broker Laws and Regulations in Indonesia

Indonesian regulatory bodies play a crucial role in shaping the landscape of forex trading in Indonesia. The following regulatory bodies monitor licensed and regulated brokers in Indonesia: Bank Indonesia, Indonesian Financial Services Authority, Commodities Futures Trading Regulatory Agency, Indonesian Derivatives Clearing House, Local Government Authorities, and International Organization of Securities Commission.

Every platform must obtain licences and register with regulatory authorities to operate as a legal forex broker in Indonesia. The licensing ensures additional security, confidence, and trust for traders. Brokers need specific regulatory standards and requirements, giving traders the peace of mind they deserve. One of the major aspects of forex trading regulations is to obtain proper licenses under regulatory bodies, such as the Indonesian Financial Services Authority, and adhere to the stringent requirements before operating in the forex market.

How Do I Trade Forex in Indonesia?

To trade Forex in Indonesia, there are some steps that a novice trader needs to follow before opening an account in Forex trading:-

Learn About Forex

Since Forex trading is a high-risk investment, it is good to gather knowledge and experience before starting. One needs to seek the advice of a forex expert who is the best forex broker in Indonesia and learn the basics of investing. Video tutorials and books can also be highly beneficial. This approach will help you choose the most suitable account type from the options standard, pro, and more offered by various brokers.

The most important thing to cover is information about the futures exchange. The trader who will invest should know about the futures exchange and how his money can raise up to a million rupiahs. Some brokers support deposits and transfers using wallets like Perfect Money, cards, or bank transfers. Always choose regulated brokers, as they act as commodity futures trading supervisors and help you trade safely.

Find Capital Markets for the Business

Forex trading doesn’t require much money, so it is possible to trade on margins. Anyone wishing to invest as little as US $100 can open a forex account and start trading. It is crucial to conduct thorough research on commodities and derivatives within the futures exchange and set an amount to invest. Understanding which accounts are available for buying and selling in the event of unexpected prices begins to fall surprisingly. The trader can both deposit and withdraw money if something goes wrong.

Start Trading

After hiring the best broker in Indonesia, a novice trader needs to create a free demo account to practice trading and test the trading software with virtual money. This is really important because the more one learns about forex trading, the less likely they are to lose real base currency pairs. That way, they can start with real currency pairs when confident in their ability to trade.

Our Methodology

We have analyzed the top forex brokers in Indonesia to help our readers make an informed decision. Our analysis has been conducted based on the following metrics –

  • Speed Of Execution– Regardless of the type of trader, execution speed is extremely important. We have evaluated the top forex brokers in Indonesia based on the speed and reliability of trade execution.
  • Advanced Trading Tools and Features – An efficient forex trading platform supports a plethora of advanced trading tools and features that are highly customizable to meet the different trading styles, needs, and preferences of different traders.
  • Real-Time and Live Market Feeds – Access to real-time and live market feeds is an essential requirement for any forex broker to be successful. Our chosen forex brokers in Indonesia offer a wide range of products, including insurance, mutual funds, equities, stocks, cryptocurrencies, and more.
  • Platform Availability – We have chosen the top forex brokers with multiple trading platforms available for traders. From award-winning third-party platforms, such as MetaTrader 4 and 5, to proprietary trading platforms, they cover almost all terminals available in the market.
  • Platform Usability (Desktop and Mobile) – We have evaluated only those forex brokerage platforms that allow traders to execute the most complicated trades on the simplest and most intuitive interfaces. Forex trading platforms need perfectly optimized desktop and mobile apps for ultra-smooth functioning that help traders execute their trading strategies most easily and quickly.


Choosing the best forex broker in Indonesia is important for a successful trading experience. The forex brokers mentioned above are among the top 12 forex brokers in the country, offering a wide variety of trading instruments, competitive spreads, convenient trading conditions, and efficient customer support. Nevertheless, when it comes to trading, since the activity involves a high investment amount, it is important to consider different factors, such as licensing and security measures, before selecting a reliable broker.


Is forex trading legal in Indonesia?

Yes, forex trading is legal in Indonesia, with multiple regulatory bodies overseeing the country‘s financial services sector, including the Financial Services Authority of Indonesia.

What is the minimum deposit required to start forex trading in Indonesia?

The minimum deposit requirement to start forex trading in Indonesia varies greatly, starting as low as $5 and going as high as $100.

What are the risks involved in forex trading?

There are many risks involved in forex trading, including leverage risk, currency risk, operational risk, counterparty risk, transaction risk, and many more.

Who is the most trusted Forex Broker in Indonesia?

FBS is the most trusted Forex broker for Indonesia, as it offers low trading costs compared to other platforms.

Do Indonesia Forex Brokers offer swap-free accounts?

Yes, most of our forex brokers in Indonesia offer swap-free accounts reserved exclusively for Islamic traders.

RISK INVOLVED – There is a high risk of losing money while trading CFDs and forex, so users must take their research and know-how trading CFDs work and other assets and then start investing in such instruments to gain huge returns.

Disclaimer: This page does not solicit or recommend investments, nor does it provide trading or financial advice. Before investing in cryptocurrencies or engaging in securities trading, you should conduct thorough due diligence, including consultation with a certified financial advisor. We accept no liability for any financial losses incurred.

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