We found 11 online brokers that are appropriate for Trading Indonesia Forex Investment Platforms.
It is definitely not easy to find Forex brokers in Indonesia compared to other countries. Forex Indonesia is a bit confusing. One of the recent articles reveals the market is legal in the country. However, new regulations have been introduced lately by Islamic banks with respect to hedging activities.
In this article titled Forex Indonesia, we will take a deeper look at the industry in the Indonesian market.
Forex is an abbreviation for foreign exchange, and it is one of the most popular markets globally. The Forex market size is enormous, and it is not the control of any one entity. It means it is not a centralised market.
Forex trading is open 24 hours a day from Monday to Friday, and globally it is the largest financial market. It witnesses over $3.5 trillion trades a day. It is thrice the size of combined US financial markets.
Forex market transactions are instant. The participants include individuals and institutions, including businesses and governments, as these require currencies of several countries to buy and sell goods and services.
Governments, extensive financial corporations and brokers initially conducted Forex business, but now anyone can take part in it. However, the prices are largely dominated by large participants.
The big question being asked by many is whether Forex Indonesia is legal. The answer is not simple. It isn't straightforward even though Forex trading is permitted in the country. However, due to some religious factors, people doubt its legalities.
Indonesia is an Islamic country, and trading decisions are based on religious factors. If they are happy with the factors, the next big thing for them is finding one of the best Forex brokers.
Forex is volatile, and the risk level is high. Hence, the traders must gain ample knowledge about the market along with some experience. It is also important to note that it cannot be traded under emotional control. It is suggested to invest some time and gain understanding and experience of the Forex Indonesia market to achieve success.
The first step to start Forex trading is to find one of the best brokers and open a demo account, which comes with a virtual fund, and there is no risk of losing real money. A demo account or practise account helps gain exposure to the market without investing a single pie.
The country's Forex market is expanding and with this, more brokers are offering their services in the industry. Experts believe Forex Indonesia may soon become one of the leading markets in the world.
Forex is lately becoming vital for Indonesia's economy, and the government is largely relying on it. The Forex environment in the country is favourable and perfect.
Indonesian Rupiah is the country's official currency, and it is indicated as IDR. The Bank of Indonesia issues it in the form of banknotes and coins.
The exchange rate is set by the Bank of Indonesia, which also regulates the Forex brokers. It is based on several factors, including the exchange rate of other countries.
All the Forex brokers are monitored by the Bank of Indonesia. Brokers follow strict rules, terms and conditions set by the central bank. If the guidelines are not followed, the brokers are liable to pay heavy fines.
The homegrown Forex brokers are not often in the country due to strict regulations and high taxes. Hence, it is advised only to strike a deal with a regulated Indonesian broker.
Forex Indonesia is a complicated topic, and we tried to brief some crucial details in the article. The country follows strict Islamic principles, and hence the line between do's and dont's is thick. It is not easy for a trader to understand whether Forex is legal in the country. However, in a broader sense, it is legal and gaining popularity gradually.
However, beginners are warned to avoid Forex trading without gaining knowledge and experience of the market. Forex is volatile, and the risk of losing money is high. It is not under the control of any central authority, and hence prediction sometimes becomes tough.
We have conducted extensive research and analysis on over multiple data points on Forex Indonesia to present you with a comprehensive guide that can help you find the most suitable Forex Indonesia. Below we shortlist what we think are the best Indonesia Forex Investment Platforms after careful consideration and evaluation. We hope this list will assist you in making an informed decision when researching Forex Indonesia.
Selecting a reliable and reputable online Indonesia Forex Investment Platforms trading brokerage involves assessing their track record, regulatory status, customer support, processing times, international presence, and language capabilities. Considering these factors, you can make an informed decision and trade Indonesia Forex Investment Platforms more confidently.
Selecting the right online Indonesia Forex Investment Platforms trading brokerage requires careful consideration of several critical factors. Here are some essential points to keep in mind:
Our team have listed brokers that match your criteria for you below. All brokerage data has been summarised into a comparison table. Scroll down.
When choosing a broker for Indonesia Forex Investment Platforms trading, it's essential to compare the different options available to you. Our Indonesia Forex Investment Platforms brokerage comparison table below allows you to compare several important features side by side, making it easier to make an informed choice.
By comparing these essential features, you can choose a Indonesia Forex Investment Platforms broker that best suits your needs and preferences for Indonesia Forex Investment Platforms. Our Indonesia Forex Investment Platforms broker comparison table simplifies the process, allowing you to make a more informed decision.
Here are the top Indonesia Forex Investment Platforms.
Compare Indonesia Forex Investment Platforms brokers for min deposits, funding, used by, benefits, account types, platforms, and support levels. When searching for a Indonesia Forex Investment Platforms broker, it's crucial to compare several factors to choose the right one for your Indonesia Forex Investment Platforms needs. Our comparison tool allows you to compare the essential features side by side.
All brokers below are Indonesia Forex Investment Platforms. Learn more about what they offer below.
You can scroll left and right on the comparison table below to see more Indonesia Forex Investment Platforms that accept Indonesia Forex Investment Platforms clients.
Broker | IC Markets | Roboforex | eToro | XTB | XM | Pepperstone | AvaTrade | FP Markets | EasyMarkets | SpreadEx | FXPro |
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Regulation | Seychelles Financial Services Authority (FSA) (SD018) | RoboForex Ltd is regulated by the FSC, license 000138/437, reg. number 128.572. RoboForex Ltd, which is an (A category) member of The Financial Commission, also is a participant of its Compensation Fund | FCA (Financial Conduct Authority) eToro (UK) Ltd (FCA reference 583263), eToro (Europe) Ltd CySEC (Cyprus Securities Exchange Commission), ASIC (Australian Securities and Investments Commission) eToro AUS Capital Limited ASIC license 491139, CySec (Cyprus Securities and Exchange Commission under the license 109/10), FSAS (Financial Services Authority Seychelles) eToro (Seychelles) Ltd license SD076 | FCA (Financial Conduct Authority reference 522157), CySEC (Cyprus Securities and Exchange Commission reference 169/12), FSCA (Financial Sector Conduct Authority), XTB AFRICA (PTY) LTD licensed to operate in South Africa, KPWiG (Polish Securities and Exchange Commission), DFSA (Dubai Financial Services Authority), DIFC (Dubai International Financial Center), CNMV (Comisión Nacional del Mercado de Valores), KNF (Komisja Nadzoru Finansowego), IFSC (Belize International Financial Services Commission license number IFSC/60/413/TS/19) | Financial Services Commission (FSC) (000261/4) XM ZA (Pty) Ltd, Cyprus Securities and Exchange Commission (CySEC) (license 120/10) Trading Point of Financial Instruments Ltd, Australian Securities and Investments Commission (ASIC) (number 443670) Trading Point of Financial Instruments Pty Ltd | Financial Conduct Authority (FCA), Australian Securities and Investments Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC), Federal Financial Supervisory Authority (BaFin), Dubai Financial Services Authority (DFSA), Capital Markets Authority of Kenya (CMA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of the Bahamas (SCB) number SIA-F217 | Australian Securities and Investments Commission (ASIC) Ava Capital Markets Australia Pty Ltd (406684), South African Financial Sector Conduct Authority (FSCA) Ava Capital Markets Pty Ltd (45984), Financial Services Agency (Japan FSA) Ava Trade Japan K.K. (1662), Financial Futures Association of Japan (FFAJ),, FFAJ, Abu Dhabi Global Markets (ADGM)(190018) Ava Trade Middle East Ltd (190018), Polish Financial Supervision Authority (KNF) AVA Trade EU Ltd, Central Bank of Ireland (C53877) AVA Trade EU Ltd, British Virgin Islands Financial Services Commission (BVI) BVI (SIBA/L/13/1049), Israel Securities Association (ISA) (514666577) ATrade Ltd, Financial Regulatory Services Authority (FRSA) | CySEC (Cyprus Securities and Exchange Commission) (371/18), ASIC AFS (Australian Securities and Investments Commission) (286354), FSP (Financial Sector Conduct Authority in South Africa) (50926), Financial Services Authority Seychelles (FSA) (130) | Cyprus Securities and Exchange Commission (CySEC) (079/07) Easy Forex Trading Ltd, Australian Securities and Investments Commission (ASIC) (Easy Markets Pty Ltd 246566), British Virgin Islands Financial Services Commission (BVI) EF Worldwide Ltd (SIBA/L/20/1135), Financial Sector Conduct Authority South Africa (FSA) EF Worldwide (PTY) Ltd (54018), FSC (Financial Services Commission) (SIBA/L/20/1135), FSCA (Financial Sector Conduct Authority) (54018) | FCA (Financial Conduct Authority) (190941), Gambling Commission (Great Britain) (8835) | FCA (Financial Conduct Authority) (509956), CySEC (Cyprus Securities and Exchange Commission) (078/07), FSCA (Financial Sector Conduct Authority) (45052), SCB (Securities Commission of The Bahamas) (SIA-F184), FSA (Financial Services Authority of Seychelles) (SD120) |
Min Deposit | 200 | 10 | 50 | No minimum deposit | 5 | No minimum deposit | 100 | 100 | 25 | No minimum deposit | 100 |
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Used By | 200,000+ | 730,000+ | 35,000,000+ | 1,000,000+ | 10,000,000+ | 400,000+ | 400,000+ | 200,000+ | 250,000+ | 60,000+ | 7,800,000+ |
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Platforms | MT4, MT5, Mirror Trader, Web Trader, cTrader, Windows, Mac, iOS, Android | MT4, MT5, Mac, Web Trader, Tablet & Mobile apps | Web Trader, Tablet & Mobile apps | MT4, Mirror Trader, Web Trader, Tablet & Mobile apps | MT4, MT5, Mac, Web Trader, Tablet & Mobile apps | MT4, MT5, TradingView, DupliTrade, myFXbook, Mac, Web Trader, cTrader, Tablet & Mobile apps | Web Trader, MT4, MT5, AvaTradeGo, AvaOptions, DupliTrade, ZuluTrade, Mobile Apps, ZuluTrade, DupliTrade, MQL5 | MT4, MT5, cTrader, TradingView, IRESS, Mac, Web Trader, Tablet & Mobile apps | MT4, MT5, Web Trader, TradingView, Tablet & Mobile apps | Web Trader, Tablet & Mobile apps | MT4, MT5, cTrader, Tablet & Mobile apps |
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Learn More |
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Up with icmarkets |
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Up with roboforex |
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Up with xtb |
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Up with xm |
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Up with pepperstone |
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Up with avatrade |
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Up with fpmarkets |
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Up with easymarkets |
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Up with spreadex |
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Up with fxpro |
Risk Warning | Losses can exceed deposits | Losses can exceed deposits | 51% of retail investor accounts lose money when trading CFDs with this provider. | 76-83% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. | CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74.12% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. | 75-95 % of retail investor accounts lose money when trading CFDs | 71% of retail investor accounts lose money when trading CFDs with this provider | Losses can exceed deposits | Your capital is at risk | Losses can exceed deposits | 75.78% of retail investor accounts lose money when trading CFDs and Spread Betting with this provider |
Demo |
IC Markets Demo |
Roboforex Demo |
eToro Demo |
XTB Demo |
XM Demo |
Pepperstone Demo |
AvaTrade Demo |
FP Markets Demo |
easyMarkets Demo |
SpreadEx Demo |
FxPro Demo |
Excluded Countries | US, IR, CA, NZ, JP | AU, BE, BQ, BR, CA, CW, CZ, DE, ES, EE, EU, FM, FR, FI, GW, ID, IR, JP, LR, MP, NL, PF, PL, RU, SE, SJ, SS, SL, SI, TL, TR, DO, US, IT, AT, PT, BG, HR, CY, DK, FL, GR, IE, LV, LT, MT, RO, SK, CH | ZA, ID, IR, KP, BE, CA, JP, SY, TR, IL, BY, AL, MD, MK, RS, GN, CD, SD, SA, ZW, ET, GH, TZ, LY, UG, ZM, BW, RW, TN, SO, NA, TG, SL, LR, GM, DJ, CI, PK, BN, TW, WS, NP, SG, VI, TM, TJ, UZ, LK, TT, HT, MM, BT, MH, MV, MG, MK, KZ, GD, FJ, PT, BB, BM, BS, AG, AI, AW, AX, LB, SV, PY, HN, GT, PR, NI, VG, AN, CN, BZ, DZ, MY, KH, PH, VN, EG, MN, MO, UA, JO, KR, | US, IN, PK, BD, NG , ID, BE, AU | US, CA, IL, IR | AF, AS, AQ, AM, AZ, BY, BE, BZ, BT, BA, BI, CM, CA, CF, TD, CG, CI, ER, GF, PF, GP, GU, GN, GW, GY, HT, VA, IR, IQ, JP, KZ, LB, LR, LY, ML, MQ, YT, MZ, MM, NZ, NI, KP, PS, PR, RE, KN, LC, VC, WS, SO, GS, KR, SS, SD, SR, SY, TJ, TN, TM, TC, US, VU, VG, EH, ES, YE, ZW, ET | BE, BR, KP, NZ, TR, US, CA, SG | US, JP, NZ | US, IL, BC, MB, QC, ON, AF, BY, BI, KH, KY, TD, KM, CG, CU, CD, GQ, ER, FJ, GN, GW, HT, IR, IQ, LA, LY, MZ, MM, NI, KP, PW, PA, RU, SO, SS, SD, SY, TT, TM, VU, VE, YE | US, TR | US, CA, IR |
You can compare Indonesia Forex Investment Platforms ratings, min deposits what the the broker offers, funding methods, platforms, spread types, customer support options, regulation and account types side by side.
We also have an indepth Top Indonesia Forex Investment Platforms for 2024 article further below. You can see it now by clicking here
We have listed top Indonesia Forex Investment Platforms below.
eToro is a multi-asset platform which offers both investing in stocks and cryptoassets, as well as trading CFDs.
Please note that CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 51% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.
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