Looking for a trusted Forex Brokers Indonesia? Not sure which Indonesia broker Forex is best for you? Or need to verify if your broker is truly trusted and regulated Forex brokers? 

We provide answers to all the questions in this article. We compare top 100 Forex Brokers and research the regulation status, spread & commission, time for deposit & withdrawal and many more findings.

OJK Regulated Forex Brokers Indonesia | BAPPEBTI Authority

Indonesia does not impose strict guidelines towards Forex trading, however the Bank of Indonesia is responsible for the local brokerages’ supervision and monitor while requiring certain terms to follow. While Indonesia being one of the largest producers for commodities operated via Indonesia Commodity and Derivatives Exchange (ICDX) requires participants to be approved by BAPPEBTI (Badan Pengawas Perdagangan Berjangka Komoditi or Commodity Futures Trading Authority). See Wikipedia for historical background.  

For Forex trading and Online Trading Markets retail Indonesia Forex Brokers are required but not obliged to be licensed by the local authority Indonesia FSA in translation Otoritas Jasa Keuangan (OJK), see website www.ojk.go.id and follow OJK Twitter for recent updates @OJKINDONESIA.

Best Forex Brokers Indonesia - OJK Regulation website
Best Forex Brokers Indonesia – OJK Regulation website

Top Forex brokers Indonesia

To select the best Indonesia Forex Brokers we research only regulated Brokers Forex in Indonesia and regulated international brokers like FCA regulated Forex Brokers that accept traders from Indonesia. We made a detailed review of spread, trading platform, deposits and withdrawals, education and customer service. Here is our List of Top 5 Forex Brokers Review and Best Forex Brokers in the category:

  • IG – Best Forex brokers for Beginners in Indonesia
  • OANDA – Best Brokers Indonesia for Research
  • FxPro – Best Islamic Account Forex Broker Indonesia  
  • InterativeBrokers – Best for professional traders Indonesia
  • FXTM – Indonesia Best ECN Forex Broker

What makes a good forex brokers in Indonesia?

Good Forex Brokers score highest marks in 4 points that are recommended to check – brokers’ regulation and license, trading fees and conditions, trading platform, lastly education and customer service.

  • Broker should be Licensed by OJK Indonesia or BAPPEBTI Indonesia also best to hold other international license (majority of trusted brokers are based in Indonesia but accept Indo traders) for money safety
  • Propose good trading conditions and charge no extra fees like inactivity, deposit fee for fair trading conditions and good spreads
  • Offer various trading platforms and suitable account types like PAMM Forex Brokers with instrument you’re willing to trade and additional research tools for easy to use trading software  
  • Provide quality education with Webinars, trading videos and easy to contact Customer Support supporting Bahasa

Indonesia Top Forex Brokers List & Review

We select best in its category regulated Forex trading brokers that are multi-regulated and considered safe or top trusted Forex Brokers for Indonesia traders offering competitive trading conditions. In addition to Top 5 Forex brokers above here is our List Of Forex Brokers compared:  

Forex BrokerAccept Indonesia clientsWhy they are our top picksOur Review
IGYesIG is great for beginning traders and experienced traders too. IG stands on strong background, is publically traded (while most brokers are not) and offer comprehensive trading conditions, great education, trading platforms, low costs and is in PayPal Forex brokers list.Visit IG site  

IG Review
FxProYesFxPro might be the best swap-free Islamic account and scalping Forex brokers. You can choose from numerous trading instruments and currencies, also FxPro is very active in promotions, offering good trading conditions and various platforms including cTrader.Visit FxPro site

FxPro review
FXTMYesFXTM is good for ECN trading and trading with 0 spreads on a commission basis. FXTM is among 9 brokers with ECN accounts and NDD Forex brokers also offering flexibility between trading size and costs.Visit FXTM site

FXTM Review
OANDAYesOANDA might be the best Australian Forex brokers with great research, easy to navigate trading platform, wide range of instruments and professional education with research like TradingView Charts, Dow Jones select News.Visit OANDA site

OANDA review
InteractiveBrokersYesInteractiveBrokers should be the best for day traders and Stock trading with high Forex leverage Interactive Brokers for professional traders. IB is among CFTC Regulated American Forex brokers that is heavily regulated with excellent trading proposal for Trading Forex Interactive Brokers has great trading software, almost largest instruments range worldwide, various analysis and low spreads.Visit InteractiveBrokers site  
Interactive Brokers Review
XMYesXM might be the best for low deposits trading, the minimum deposit for standard account is 5$ (most broker offer 100$) with access to over 1000 instruments and professional education materials.Visit XM site    

XM Review
FBSYesFBS might be good among regulated Forex Micro Account Brokers and Forex Brokers with Cent Accounts working the best for beginning traders or specific strategies. Also FBS offering good proprietary software or is MT4 MT5 Forex brokers.Visit FBS site

FBS Review

More on Indonesia Brokers

If you don’t know from where to start we recommended to read detailed Forex Brokers reviews and navigate categories to select broker for your trading need, also here we answer many common questions.

Indonesia Forex brokers with Bonus

For now not many Regulated Brokers offering No Deposit Bonus or tradable Bonus Forex brokers due to regulations, however some good and most trusted Forex brokers offering Bonuses under its international entities. Check Tickmill for no deposit bonus or XM for Deposit Bonus.

Swap free Forex brokers list Indonesia

Mostly Indonesia Forex Brokers offering Islamic or Swap-free trading conditions, due to the prevailing of Muslims in the country. There are many largest Forex Brokers in the world and Best Online Forex Brokers offering swap-account, check XM, FXTM, HotForex or IC Markets.

Best Forex Brokers for Beginners Indonesia

It is crucial for beginners to be extra cautious and only choose brokers considered safe, also provides good learning material, Demo account and research tools to get started the best way. You may Check FXTM or Trading212 learning offering.

Top 10 Forex Brokers in the World

Top 10 Forex in the World depending on each jurisdiction, there are Top Brokers in US and Top Brokers UK while all are firstly reliable Forex Brokers with regulations and good records. Some of the World Top Brokers are biggest Forex Brokers worldwide like InteractiveBrokers, IG and OANDA.

Forex Options Brokers Indonesia

Forex options or Binary Options are restricted and are not allowed for trading by most World regulators due to lack of transparency. None of regulated in brokers offers Options, however one of regulated Swiss Forex brokers Dukascopy offers regulated trading of Binary Options.

Author of this review

By Jimmy O'Brien

Author of this review

Over 15 years experience in forex, commodities and equities markets research. He loves analyzing and trading the markets as a strategist and trader. In late 2019, Jimmy turned to researching and analyzing forex brokers. Now he and his team focus researching and comparing broker’s pros and cons.

Over 15 years experience in forex, commodities and equities markets research. He loves analyzing and trading the markets as a strategist and trader. In late 2019, Jimmy turned to researching and analyzing forex brokers. Now he and his team focus researching and comparing broker’s pros and cons.

Leave a comment

Your email address will not be published. Required fields are marked *