We found 11 online brokers that are appropriate for Trading Indonesia.
Indonesia brokers offer various trading accounts to clients who seek trading the country's stock, Forex, CFD, commodity and cryptocurrency markets.
Indonesia is an Islamic country and many traders opt to trade under the Sharia law. For this Indonesia brokers offer opening Islamic accounts. They also offer demo accounts in addition to live accounts.
Demo accounts are perfect for those traders who are either novices or new to the Indonesian financial markets and want to experience the trades with virtual currency before risking their own hard-earned money.
Indonesia has about fifty percent of its population in the urban areas and considered as driving economies of Southeast Asia. The Indonesia Stock Exchange (IDX) is the main stock market here and it ranks at 25 in the world.
Located in Jakarta, the IDX dates back to 1912. It is a mature exchange that earlier merged JSX with Surabaya Stock Exchange (SSX).
Indonesian rupiah (IDR) is the currency of the country and has been ranked at 31st position by the Bank for International Settlements (BIS) in terms of being most frequently traded.
Most Indonesian traders prefer Indonesia based brokers due to their local reputation and greater ease to litigate any problems. However, non-Indonesia brokers can also help you to trade in the IDX as long as they are well regulated in their own country.
Almost all the Indonesia brokers offer stocks, Forex and CFD trading, but not all may serve you in your language.
It is better to deal with Indonesia brokers who can speak in your language. This should be your priority if you are not comfortable in English.
Knowing the payment funding and withdrawal methods is the next thing to ask Indonesia brokers. Check the commission fees and charges. When beginning go with brokers with lower fees. As your trading experience increases so brokers with high fees may offer trading tools that will help your investment strategies. Making payment through credit cards is also an option with many Indonesian brokers. Credit card payments offer instant funding allowing you to immediately start trading.
The Indonesian economy is ranked 16th in the world and considered the largest in Southeast Asia. World Bank has placed it at 33 in starting a business while in terms of getting credit the country is placed at 44th position.
Indonesia has a high domestic consumption with about 4.5 million population increasing every year. The country has enough natural resources and in the past two decades, following the introduction of democracy, Indonesia has gained increased political stability.
China is one of the major trading partners of Indonesia apart from the United States, Singapore, Malaysia, Korea, India and Japan. Brexit may not impact the market as the United Kingdom is not among the closest partners.
Its IDR suffered a devaluation crisis about two decades ago and since then it has been weakened against the USD.
Currently, Indonesia is going through a trade deficit. Its balance of trade fluctuates frequently and in terms of ease of business the World Bank has ranked at 112.
The other rankings of the Indonesia are as below:
Even though there are certain challenges to face when trading in Indonesia. As long as you trade with one of the many reputable and regulated Indonesian brokers, you should be fine.
We have conducted extensive research and analysis on over multiple data points on Indonesia Brokers to present you with a comprehensive guide that can help you find the most suitable Indonesia Brokers. Below we shortlist what we think are the best indonesia brokers after careful consideration and evaluation. We hope this list will assist you in making an informed decision when researching Indonesia Brokers.
When trading in Indonesia you will need to chec what your options with your Indonesia trading broker are.
We list below the various regulated trading account types available to traders in Indonesia. If you are looking for a trading platform or broker in Indonesia that are suitable for trading in Forex, CFD's, indices, stocks, and ETFs, Cryptocurrencies (availability subject to regulation) or commodity markets; this Indonesia broker guide will explain the things you should check and be aware of before you invest.
You've probably noticed how Forex trading is really taking off in Indonesia, right? Over the past half-dozen years or so, the trading volume in Indonesia has been on a steady climb. It's like everyone in Indonesia is getting in on the action. But traders in Indonesia must understand the risks.
Across the world $7.5 trillion USD in volume is traded every single day. Commodities global trading volume is around $380 million USD a day. Global stock markets trading volume is around 460 million USD a day.
Modern software, more affordable mobile devices in Indonesia and higher internet uptake in Indonesia has increased competition for new trading clients among brokerages in Indonesia, which has opened Forex trading to a new audience.
There's this common myth floating around that diving into Forex trading in Indonesia is illegal, this is not the case, but Forex trading in Indonesia is risky. Forex trading in Indonesia is not a get rich quick scheme, you will be competing with people not just in Indonesia, but all over the world. The key, though, is to be smart about it. You have to choose a broker in Indonesia that's not just reputable but also strictly regulated and allowed to offer services to traders in Indonesia.
Trading in Forex is allowed in Indonesia as businesses dealing internationally must exchange currency. Forex is an integral part of import and export in Indonesia and investing internationally. Indonesia Forex trading is not banned, their are many top-notch international online brokers available to traders in Indonesia offering regulated trading environments.
Once a traders profits reach a level where the income on the Forex trading can be taxed in Indonesia the trader should make sure all taxes owed for a financial year are paid. Just a heads up about the tax situation here in Indonesia. You've must file taxes in Indonesia even if the markets chewed you up and you spat out losses this year. Also in Indonesia you can't claim any trading losses against your personal income taxes, unfortunately. Don't just wing it - get yourself some solid advice from a qualified tax pro in Indonesia who knows the ins and outs of the tax labyrinth in Indonesia. In Indonesia, Islamic accounts are not restricted.
Here in Indonesia, the crypto scene is still pretty new, and cryptocurrency in Indonesia is getting more and more tangled up in the local financial regulatory rule in Indonesia. The thing about cryptos is, they operate on this decentralized model, right? So, unlike our traditional currency markets in Indonesia, they're not as rattled by interest rate shifts or the political drama in Indonesia that's always on the news. Crypto in Indonesia is a different beast altogether.
You know, with the surge of younger traders in Indonesia, who are not only tech-savvy but also starting to speculate with decent money in Indonesia, there's a noticeable shift happening in Indonesia towards the crypto market (which is highly volitle and high risk in Indonesia). Cryptocurrency traders in Indonesia contribute to the $20 billion USD worth of Bitcoin is traded daily around the world.
In Indonesia commodity trading includes the trade in precious metals, energies and agricultural commodities.
Some commodities like metals are seeing exponential growth in Indonesia since 2002.
Fast growing countries like China and India have been growing rapidly over the last 3 decades. This has meant that countries like China and India have a vast requirement for many basic commodities and raw materials for their populations. Crops to feed people and metal to build infrastructure for example. This means countries like Indonesia are able to take advantage of this demand.
We list brokers that allow you to trade commodities in Indonesia here.
Indonesia brokers support Islamic accounts or swap-free accounts. Indonesia Islamic accounts have no rollover interest on overnight positions to comply the Muslim faith. Traders of Islamic faith are forbidden to pay interest. Brokers in Indonesia offer accounts that are suitable for Islamic traders. These Indonesia brokers complies with Sharia law.
Indonesia economy and population is growing. The middle class population in Indonesia is increasing which means a growing consumer base. Many business and financial opportunities exist in Indonesia. Indonesia has a young population educated in technology and the internet.
Indonesia digitisation of financial trading has made it easier to defraud unsuspecting investors across the internet. Make sure the broker you trade with is regulated and passes the checklist in this Indonesia guide. Educate yourself as much as possible open a demo account if necessary be you open a live trading account.
Learn about leverage when trading. Indonesia Brokers offering high leverage trades in Indonesia can mean high profit margins. But this goes both was it can also mean huge losses. There are things like negative balance protection and stop loss accounts which some Indonesia brokers offer as a level of protection. you can learn more about further below on this guide.
Selecting a reliable and reputable online Indonesia 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 more confidently.
Selecting the right online Indonesia trading brokerage requires careful consideration of several critical factors. Here are some essential points to keep in mind:
It is not essential that your brokerage is local but they must have regulation from a Tier 1 reputable country. In fact the brokers international regulation could be more reputable than your local region.
When deciding to trade and find a suitable Indonesia broker if you wish your broker to be 100% local check they are governed and regulated by the below.
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 trading, it's essential to compare the different options available to you. Our indonesia 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 broker that best suits your needs and preferences for indonesia. Our indonesia broker comparison table simplifies the process, allowing you to make a more informed decision.
Here are the top Indonesia Brokers (ID).
Compare indonesia brokers for min deposits, funding, used by, benefits, account types, platforms, and support levels. When searching for a indonesia broker, it's crucial to compare several factors to choose the right one for your indonesia needs. Our comparison tool allows you to compare the essential features side by side.
All brokers below are indonesia brokers. Learn more about what they offer below.
You can scroll left and right on the comparison table below to see more indonesia brokers that accept indonesia clients.
Broker | IC Markets | XM | Pepperstone | AvaTrade | FP Markets | NordFX | EasyMarkets | SpreadEx | FXPro | Admiral | ThinkMarkets |
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locality | IC Markets accept Indonesia clients | XM accept Indonesia clients | Pepperstone accept Indonesia clients | AvaTrade accept Indonesia clients | FP Markets accept Indonesia clients | NordFX accept Indonesia clients | easyMarkets accept Indonesia clients | SpreadEx accept Indonesia clients | FxPro accept Indonesia clients | Admiral Markets accept Indonesia clients | ThinkMarkets accept Indonesia clients |
Regulation | Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC) | Financial Services Commission (FSC), Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC) | 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), ASIC (406684), Financial Services Authority (FSA), South African Financial Sector Conduct Authority (FSCA), Financial Stability Board (FSB), The Financial Services Agency (JAPAN FSA), Financial Futures Association of Japan (FFAJ), Abu Dhabi Global Markets (ADGM), Financial Regulatory Services Authority (FRSA), Polish Financial Supervision Authority (KNF), Israel Securities Association (ISA), British Virgin Islands Financial Services Commission (BVI), BVI (SIBA/L/13/1049), Central Bank of Ireland | Australian Securities and Investments Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC), FSCA (FSP Number 50926), Capital Markets Authority (CMA), Securities Commission of the Bahamas (SCB) | Cyprus Securities and Exchange Commission (CySEC), License No: 209/13, VFSC registration number 15008 | Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), British Virgin Islands Financial Services Commission (BVI) | Financial Conduct Authority (FCA) | Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Financial Sector Conduct Authority (FSCA), Securities Commission of the Bahamas (SCB) | Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC) | Financial Conduct Authority (FCA), Financial Sector Conduct Authority (FSCA), Financial Services Authority Seychelles (FSA), TF Global Markets (UK) Limited is authorised and regulated by the Financial Conduct Authority FRN 629628, TF Global Markets (AUST) Limited is the holder of Australian Financial Services License number 424700, TF Global Markets (South Africa)(Pty) Ltd is an Authorised Financial Services Provider (FSP No 49835),TF Global Markets Int Limited Is authorised and regulated by the Financial Services Authority Firm Reference Number SD060, The Cyprus Securities and Exchange Commission (CySec) |
Min Deposit | 200 | 5 | 200 | 100 | 100 | 1 | 100 | 1 | 100 | 200 | No minimum deposit |
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Used By | 180,000+ | 10,000,000+ | 400,000+ | 300,000+ | 10,000+ | 10,000+ | 142,500+ | 10,000+ | 1,866,000+ | 10,000+ | 500,000+ |
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Platforms | MT4, MT5, Mirror Trader, Web Trader, cTrader, Windows, Mac, iOS, Android | MT4, MT5, Mac, Web Trader, Tablet & Mobile apps | 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, IRESS, Mac, Web Trader, Tablet & Mobile apps | MT4, MT5, Tablet & Mobile apps | MT4, MT5, Web Trader, TradingView, Tablet & Mobile apps | Web Trader, Tablet & Mobile apps | MT4, MT5, cTrader, Tablet & Mobile apps | MT4, MT5, Mac, Web Trader, Tablet & Mobile apps | ThinkTrader, MT4, MT5, Mac, Web Trader, Tablet & Mobile apps |
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Learn More |
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Up with icmarkets |
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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 nordfx |
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Up with easymarkets |
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Up with spreadex |
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Up with fxpro |
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Up with admiralmarkets |
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Up with thinkmarkets |
Risk Warning | Losses can exceed deposits | CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 72.89% 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 | 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 | Losses can exceed deposits | CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71.89% 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 |
Demo |
IC Markets Demo |
XM Demo |
Pepperstone Demo |
AvaTrade Demo |
FP Markets Demo |
NordFX Demo |
easyMarkets Demo |
SpreadEx Demo |
FxPro Demo |
Admiral Markets Demo |
ThinkMarkets Demo |
Excluded Countries | US, IR, CA, NZ, JP | 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, CA, EU, RU, SY, KP, CU | 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 | US, CA, JP, SG, MY, JM, IR, TR | RU, AF, Yugoslavia, AO, GM, NG, AW, GH, KR, BY, GN, BO, GN, PK, BW, HT, PG, IR, PN Island, Burma MM, IQ, RW, KH, , SN, CF, JP, Sierra, Leone, TD, KG, SO, CI , LB, SZ, CU, LS, SY, of CG, LR, TJ, DJ, LY, Tanzania, EC, Laos, TG, ER, ML, TM, ET, MN, UG, Falkland Islands, NA, US of America, FJ, NI, YE, ZW |
You can compare Indonesia Brokers 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 Brokers for 2024 article further below. You can see it now by clicking here
We have listed top Indonesia brokers below.