Forex Brokers in Indonesia, one of the most emerging markets in South East Asia, are increasing as the country is showing great potential as a financial hub. Despite the fact that forex trading is no longer illegal in Indonesia, the concept is relatively new and the market is still very young. Officially, forex brokers operating in this country are not regulated.
Forex trading is not exactly legal in Indonesia, but is considered a grey area. Local residents are advised to trade with a broker who is authorized and regulated by the Financial Services Authority of Indonesia, also known in the local language as Otoritas Jasa Keuangan (OJK) – https://www.ojk.go.id/
If you want to learn more about forex trading and how it works , click here to visit our Beginners Guide to Forex.
Featured Forex Brokers
Forex Regulation in Indonesia
The OJK , is the regulatory body for all financial services and activities in Indonesia. The OJK is a national self-regulatory organization that was first established i 2011 to replace the role of Bapepam-LK in regulating and supervising the capital market and financial institutions and to protect consumers of financial services industry. Nevertheless, it is not required to get authorization from the OJK in order to offer financial services and forex trading to the residences of Indonesia.
Best Forex Brokers In Indonesia
Here is a breakdown of the best forex brokers to trade with in Indonesia:
- XM – Low trading Cost, Islamic Account Available
- FP Markets – Best Execution and trading conditions
- GlobeX360 – Best Islamic Broker
- IQOption – Best Performance Overall
- Avatrade – Great Trading Platform. Good for new traders
- Etoro – Best Copy Trading Platform
- Octafx – Great Customer Support
- OlympTrade – Best Mobile Trading App
Broker Comparison List In Indonesia
All brokers listed on our website are regulated by at least one financial regulator and have never been reported as a scam. We analyze more than 3000 data points across 8 key focus areas.
Our reviews are a combination of data research and working along side with the brokers. All information povided by the brokers are double checked to guarantee 100% accuracy and that we remain unbiased.