Indonesia Forex Brokers are increasing over the past few years, as the country has become a very popular financial hub. Indonesia is considered an important emerging market in the South East Asia area. In the past there used to be a ban on international Forex broker operating in Indonesia, as many retail traders became victims of scams and fraudulent behavior. Now that the ban is lifted, residents of Indonesia  have a  wide range of brokers to choose from. However, it is best to select among FCA UK, CySec or BAPPEBTI regulated brokers.

BAPPEBTI (the Badan Pengawas Perdagangan Berjangka Komoditi) is the Indonesian Commodities and Futures Trading Regulatory Authority. It operates under the supervision of the Indonesian Ministry of Finance and is in charge of the operation of various financial institutions.

As the regulatory system for the financial services sector in Indonesia is still in its infancy, there isn’t a formal set of guidelines for financial service providers. Despite that, BAPPEBTI regulated brokers must operate in accordance with Sharia law, as the country is predominantly Muslim. Also, in order to have an office in Indonesia, a broker must hold a BAPPEBTI license. In any case, local brokers can only obtain liquidity and trading lines through local and registered market makers. Another regulatory authority that has certain functions and responsibilities with regards to forex brokers in Indonesia, is the National Bank Indonesia. It has specific reporting procedures in place for flows of foreign exchange as well as some prudential principles and practices.

 

Indonesia Forex Brokers List

 

Broker
Description
Trade Now
Octafx
OctaFX
Regulation: CySec
Min. Deposit: $/€/£ 5
Leverage: 1:500
Spreads: Low as 0.4 pips

Review


FP Markets
FP Markets

Regulation: ASIC, CySEC
Min. Deposit: $/€/£ 100
Leverage: 1:500
Spreads: Ultra Tight from 0.0 pips

Review


NSBroker
NSBroker
Regulation: MSFA, BaFin, FCA,
Min. Deposit: $250
Leverage: 1:100
Spreads: Low as 1.2 pips

Review
XM
XM
Regulation: CySEC,FCA,ASIC
Min. Deposit: $/€/£ 5
Leverage: 1:500
Spreads: Low as 0.1 pips

Review
Avatrade
Avatrade
Regulation: ASIC,JFSA,FSCA
Min. Deposit: $/€/£ 250
Leverage: 1:400
Spreads: Floating from 1 pip

Review


IC Markets
IC Markets
Regulation: ASIC
Min. Deposit: $/€/£ 200
Leverage: 1:500
Spreads: Low as 0.0 pips

Review


Etoro
Etoro
Regulation: CySEC,FCA,ASIC
Min. Deposit: $/€/£ 200
Leverage: 1:30
Spreads: Variable

Review

XTB
XTB
Regulation: FCA
Min. Deposit: $/€/£ 250
Leverage: 1:30
Spreads: Low as 0.1 pips

Review


IQOption
IQOption


Regulation: CySec
Min. Deposit: $/€/£ 10
Leverage: 1:1000
Spreads: Floating from 1 pip

Review


OlympTrade
OlympTrade
Regulation: IFC
Min. Deposit: $/€/£ 10
Leverage: 1:500
Spreads: Low as 0.0 pips

Review
Globex360
GlobeX360
Regulation: FSCA
Min. Deposit: No min Deposit
Leverage: 1:500
Spreads: Low as 1.6 pips

Review