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Exness
FCA (UK)Up to 90% Daily Spread Rebates
Earn up to 90% of spread/commission back daily via partner codes. Premier clients earn 200-600 EXD.
Verified Jun 15, 2026
Best Forex Brokers in Indonesia
Last updated August 2, 2026
Compare the top regulated forex brokers accepting traders from Indonesia. Verified for 2026.
How We Ranked
Rankings blend trust, pricing, and platform quality. Risk warning: CFDs carry high risk.
Regulated by Bappebti (Badan Pengawas Perdagangan Berjangka Komoditi), OJKLocal deposits: GoPay, OVOAccounts in IDR (Indonesian Rupiah)
Written by
BrokerAnalysis Research Desk
Fact Checked by
BrokerAnalysis Editorial Team
Personalized broker matching
Need a faster shortlist than reading every Indonesia page?
Use the guided matching flow to narrow your next broker by country, budget, and trading platform before you compare the full table.
Last reviewed:
•By:BrokerAnalysis Research Desk
•Fact-checked by:BrokerAnalysis Editorial Team
Our 2 top picks for Indonesia
We stand behind these two. Everything below is a fuller comparison and lower-weight alternatives.
#1 · Best overall in Indonesia
VT Markets
Used in Indonesia9.2
BrokerAnalysis score
IDR funding via KL office
- KL office serves Indonesian clients
- Raw ECN pricing on MT4/MT5
- Fast local funding
ASIC + FSCA
You contract with: VT Markets Ltd
Visit VT MarketsRead full review
Widely used in Indonesia. Note: offshore entity, not BAPPEBTI-registered — see our compliance note.
#2 · Best alternative
Exness
Used in Indonesia8.9
BrokerAnalysis score
IDR bank, GoPay/OVO, $1 min
- IDR bank plus GoPay/OVO e-wallets
- $1 minimum — the lowest entry point
- Deep liquidity, low spreads
FCA + CySEC + FSCA
You contract with: Exness (SC) Ltd
Visit ExnessRead full review
Widely used in Indonesia. Note: offshore entity, not BAPPEBTI-registered — see our compliance note.
Why these two
Indonesia is about IDR e-wallet rails (GoPay/OVO) and regional support. VT Markets leads with raw pricing and a KL office; Exness is a giant with a $1 minimum. Binomo, Quotex, IQ Option and LiteFinance are all Bappebti-blocked, so they're excluded.
CFDs are complex instruments and carry a high risk of losing money rapidly due to leverage. These brokers serve local clients via offshore entities. Trade only what you can afford to lose.
What is the best forex broker in Indonesia for 2026?
VT Markets is the top-ranked forex broker for Indonesian traders in the current BrokerAnalysis ranking where it is available. Compare it with Exness, XM, and FXTM for local payment methods, account terms, regulation, and platform fit before opening an account.
Trading Forex in Indonesia
Forex trading in Indonesia is regulated by Bappebti (Commodity Futures Trading Regulatory Agency) and OJK for digital assets. Our current ranking starts with VT Markets where it is available, followed by Exness, XM, and FXTM. Compare regulation, fees, platforms, account terms, and local funding fit before opening an account.
Country Offers
Browse All PromotionsAvailable offers for Indonesia traders
Verified broker incentives that may be available in this market. We keep these below the core safety and pricing checks so the shortlist still feels editorial-first.
Cashback / Rebate
FP Markets
ASIC (Australia)Refer a Friend: Earn up to $200
Referral bonus pays $50-$200 after a friend funds and trades the required volume.
Verified Jun 15, 2026
FXTM
FCA (UK)$500 Welcome Bonus Reward Points
Use code HELLOFXTM on first deposits to unlock up to $500 in reward points after trading targets.
Verified Jun 15, 2026
Indonesia Trading Guide
Regulated by
Bappebti (Badan Pengawas Perdagangan Berjangka Komoditi), OJK
Legal status
Legal with Bappebti-licensed brokers
Accounts in
IDR (Indonesian Rupiah)
Popular pairs
EUR/USD, GBP/USD, XAU/USD
Available in Indonesia
GoPay
OVO
DANALinkAjaShopeePayBCAMandiriBRIBNIFree guide for
Best regulated brokers for Indonesia traders
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Quick Rankings
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FIND MY BROKERKey Features for Indonesian Traders
15 brokers · how we rank
Compare essential broker features including Islamic accounts for Indonesia.
| Broker | Withdrawal | Commission | Open time | Islamic Account | Regulation & funding | Action | ||
|---|---|---|---|---|---|---|---|---|
| 0.0 | Rp800,000 | 1-2 business days | $3.00/lot | Same day | Yes | No tier-1 licence listed | ||
| 1.0 | Rp0 | Instant | None | Same day | Yes | No tier-1 licence listed | ||
| 1.6 | Rp75,000 | 24 hours | None | Same day | Yes | No tier-1 licence listed | ||
| 0.1 | Rp150,000 | 24 hours | None | Same day | Yes | No tier-1 licence listed | ||
| 0.0 | Rp0 | 24 hours | None | Same day | Yes | No tier-1 licence listed | ||
| 0.0 | Rp1,500,000 | Same day to 1 business day | $3.00/lot | 1-2 days | Yes | No tier-1 licence listed | ||
| 0.5 pips (Standard) | $5 | 1 business day | $0 (Spread only on most products) | — | — | No tier-1 licence listed | ||
| 0.0 pips (Commission-based) | $10 | 1-5 business days | From 0.003% per trade | — | — | No tier-1 licence listed | ||
| From ~1.0 pips (confirm current terms) | $50 | Confirm current terms directly | Confirm current terms directly | — | — | No tier-1 licence listed | ||
| 0.7 pips | $25 | 1-2 business days | $0 | — | — | No tier-1 licence listed | ||
| 0.0 pips (Edge) | $100 | 1-2 business days | $7/lot round-turn (Edge) | — | — | No tier-1 licence listed | ||
| 0.0 pips (ECN) | $50 | 1-2 business days | From ~$5/lot (ECN) | — | — | No tier-1 licence listed | ||
| 0.6 pips | $100 | 1-2 business days | None (spread-based) | — | — | No tier-1 licence listed | ||
 | 0.0 pips (ECN) | $50 | 1-2 business days | — | — | Yes | FCA (UK)ASIC (Australia)FSCA (South Africa) | |
 | 1.3 pips (Standard) | $50 | 1-2 business days | — | — | Yes | FCA (UK)ASIC (Australia)CySEC (Cyprus) |
Rank 01 · best overall
Spread
0.0
Min dep.
Rp800,000
Withdrawal
1-2 business days
Commission
$3.00/lot
Open time
Same day
Islamic Account
Yes
Rank 02
Spread
1.0
Min dep.
Rp0
Withdrawal
Instant
Commission
None
Open time
Same day
Islamic Account
Yes
Rank 03
Spread
1.6
Min dep.
Rp75,000
Withdrawal
24 hours
Commission
None
Open time
Same day
Islamic Account
Yes
Rank 04
Spread
0.1
Min dep.
Rp150,000
Withdrawal
24 hours
Commission
None
Open time
Same day
Islamic Account
Yes
Rank 05
Spread
0.0
Min dep.
Rp0
Withdrawal
24 hours
Commission
None
Open time
Same day
Islamic Account
Yes
Rank 06
Spread
0.0
Min dep.
Rp1,500,000
Withdrawal
Same day to 1 business day
Commission
$3.00/lot
Open time
1-2 days
Islamic Account
Yes
Rank 07
Spread
0.5 pips (Standard)
Min dep.
$5
Withdrawal
1 business day
Commission
$0 (Spread only on most products)
Open time
—
Islamic Account
—
Rank 08
Spread
0.0 pips (Commission-based)
Min dep.
$10
Withdrawal
1-5 business days
Commission
From 0.003% per trade
Open time
—
Islamic Account
—
Rank 09
Spread
From ~1.0 pips (confirm current terms)
Min dep.
$50
Withdrawal
Confirm current terms directly
Commission
Confirm current terms directly
Open time
—
Islamic Account
—
Rank 10
Spread
0.7 pips
Min dep.
$25
Withdrawal
1-2 business days
Commission
$0
Open time
—
Islamic Account
—
Rank 11
Spread
0.0 pips (Edge)
Min dep.
$100
Withdrawal
1-2 business days
Commission
$7/lot round-turn (Edge)
Open time
—
Islamic Account
—
Rank 12
Spread
0.0 pips (ECN)
Min dep.
$50
Withdrawal
1-2 business days
Commission
From ~$5/lot (ECN)
Open time
—
Islamic Account
—
Rank 13
Spread
0.6 pips
Min dep.
$100
Withdrawal
1-2 business days
Commission
None (spread-based)
Open time
—
Islamic Account
—
Rank 14
Spread
0.0 pips (ECN)
Min dep.
$50
Withdrawal
1-2 business days
Commission
—
Open time
—
Islamic Account
Yes
FCA (UK)ASIC (Australia)FSCA (South Africa)
Visit Moneta Markets Read reviewRank 15
Spread
1.3 pips (Standard)
Min dep.
$50
Withdrawal
1-2 business days
Commission
—
Open time
—
Islamic Account
Yes
FCA (UK)ASIC (Australia)CySEC (Cyprus)
Visit FXCM Read reviewWe earn a commission when you open an account through the buttons above. It does not change the ranking — our methodology. High risk: 68–80% of retail CFD accounts lose money.
In-Depth Broker Analysis
Our research team continuously monitors over 100 parameters per broker. Below is a detailed breakdown of our top-rated platforms, including their distinct advantages, ideal user profiles, and potential drawbacks.
Our Rating
4.5/5.0
Best ForRaw ECN pricing via a Kuala Lumpur regional office.
Min DepositRp800,000
VT Markets Review Summary
VT Markets offers Raw ECN pricing from 0.0 pips and swap-free Islamic accounts, regulated by ASIC and FSCA, serving Indonesian traders via a regional office.
Pros
- Regulation varies by entity
- Minimum deposit: Rp800,000
- Multiple platform options
Cons
- Trading conditions vary by country and account type
- Spreads listed at Ultra-Low — compare account types before opening
Our Rating
4.5/5.0
Best ForInstant Indonesian bank transfers.
Min DepositRp0
Exness Review Summary
Exness offers seamless integration with major Indonesian banks (BCA, Mandiri, BRI) with instant automated withdrawals. Zero minimum deposit and no inactivity fees.
Pros
- Regulation varies by entity
- Minimum deposit: Rp0
- Multiple platform options
Cons
- Trading conditions vary by country and account type
- Spreads listed at Ultra-Low — compare account types before opening
Our Rating
4.5/5.0
Best ForFull e-wallet support including GoPay.
Min DepositRp75,000
XM Review Summary
XM is the only major international broker accepting all major Indonesian e-wallets including GoPay, OVO, DANA, and ShopeePay. Daily webinars in Bahasa Indonesia.
Pros
- Regulation varies by entity
- Minimum deposit: Rp75,000
- Multiple platform options
Cons
- Trading conditions vary by country and account type
- Spreads listed at Low — compare account types before opening
Our Rating
4.5/5.0
Best ForStrong education and copy trading.
Min DepositRp150,000
FXTM Review Summary
FXTM offers excellent educational resources and copy trading through FXTM Invest. Multi-regulated with strong reputation among Indonesian traders.
Pros
- Regulation varies by entity
- Minimum deposit: Rp150,000
- Multiple platform options
Cons
- Trading conditions vary by country and account type
- Spreads listed at Low — compare account types before opening
HFM Review Summary
HFM offers zero spread accounts with swap-free Islamic options for Indonesian Muslim traders.
Pros
- Regulation varies by entity
- Minimum deposit: Rp0
- Multiple platform options
Cons
- Trading conditions vary by country and account type
- Spreads listed at Ultra-Low — compare account types before opening
Our Rating
4.5/5.0
Best ForECN execution with tight spreads.
Min DepositRp1,500,000
FP Markets Review Summary
FP Markets provides institutional-grade ECN execution with raw spreads from 0.0 pips. ASIC and CySEC regulated for strong client protection.
Pros
- Regulation varies by entity
- Minimum deposit: Rp1,500,000
- Multiple platform options
Cons
- Trading conditions vary by country and account type
- Spreads listed at Ultra-Low — compare account types before opening
Our Rating
4.5/5.0
Best ForBest for synthetic indices traders & digital options users.
Min Deposit$5
Deriv Review Summary
Deriv is a multi-regulated broker with DTrader, DBot, Deriv MT5, Deriv X, SmartTrader access, 0.5 pips (Standard) on EUR/USD, and $5 minimum deposit. Confirm the serving entity, leverage terms, and funding methods before opening an account.
Pros
- Regulation varies by entity
- Minimum deposit: $5
- Multiple platform options
Cons
- Trading conditions vary by country and account type
- Spreads listed at Competitive spread structure — compare account types before opening
Our Rating
4.5/5.0
Best ForBest for zero-spread commission-based traders.
Min Deposit$10
Libertex Review Summary
Libertex is a multi-regulated broker with Libertex Web, Libertex Mobile, MT4, MT5 access, 0.0 pips (Commission-based) on EUR/USD, and $10 minimum deposit. Confirm the serving entity, leverage terms, and funding methods before opening an account.
Pros
- Regulation varies by entity
- Minimum deposit: $10
- Multiple platform options
Cons
- Trading conditions vary by country and account type
- Spreads listed at Raw or ultra-low spread account available — compare account types before opening
Our Rating
4.5/5.0
Best ForBest for traders who have independently verified current terms and accept the trust concerns disclosed in our review.
Min Deposit$50
TIO Markets Review Summary
TIO Markets is a multi-regulated broker with MT4, MT5 access, From ~1.0 pips (confirm current terms) on EUR/USD, and $50 minimum deposit. Confirm the serving entity, leverage terms, and funding methods before opening an account.
Pros
- Regulation varies by entity
- Minimum deposit: $50
- Multiple platform options
Cons
- Trading conditions vary by country and account type
- Spreads listed at Competitive spread structure — compare account types before opening
Our Rating
4.5/5.0
Best ForBest for risk-averse traders & beginners who value fixed spreads + dealcancellation.
Min Deposit$25
easyMarkets Review Summary
easyMarkets is a multi-regulated broker with Proprietary, MT4, MT5, TradingView access, 0.7 pips (Fixed, VIP) | 1.5-1.8 pips (Standard) on EUR/USD, and $25 minimum deposit. Confirm the serving entity, leverage terms, and funding methods before opening an account.
Pros
- Regulation varies by entity
- Minimum deposit: $25
- Multiple platform options
Cons
- Trading conditions vary by country and account type
- Spreads listed at Competitive spread structure — compare account types before opening
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Signals are provided free through our VT Markets partnership. Join the community and the registration link is pinned at the top.
Frequently Asked Questions About Forex Brokers in Indonesia
Frequently Asked Questions
VT Markets is the top-ranked forex broker for Indonesian traders in the current BrokerAnalysis ranking where it is available. Compare it with Exness, XM, and FXTM for local payment methods, account terms, regulation, and platform fit before opening an account.
Yes, forex trading is legal in Indonesia when done through Bappebti-regulated brokers. Bappebti (Badan Pengawas Perdagangan Berjangka Komoditi) is Indonesia's commodity futures trading regulator. Using Bappebti-licensed brokers provides the strongest legal protection.
Bappebti (Badan Pengawas Perdagangan Berjangka Komoditi) is Indonesia's official commodity futures trading regulator. Trading with Bappebti-licensed brokers ensures full legal protection under Indonesian law, segregated funds, and local dispute resolution.
Bappebti-regulated forex brokers include: OctaFX (Octa Investama Berjangka), Monex Investindo Futures, Valbury Asia Futures, and other local brokers. International brokers like XM and Exness are regulated by FCA, CySEC, ASIC but not locally by Bappebti.
XM is the most prominent broker accepting GoPay deposits in Indonesia. XM also supports OVO, DANA, LinkAja, and ShopeePay with instant processing for Indonesian traders.
Yes! XM and OctaFX accept OVO and DANA deposits for Indonesian traders. XM supports all major Indonesian e-wallets including GoPay, OVO, DANA, LinkAja, and ShopeePay.
To deposit IDR: 1) Login to your broker, 2) Select GoPay/OVO/DANA or Bank Transfer (BCA, Mandiri, BRI), 3) Enter amount in IDR, 4) Complete payment. XM processes e-wallet deposits instantly.
Yes! All major brokers support withdrawals to Indonesian banks like BCA, Mandiri, BRI, and BNI. Exness offers instant bank transfers. Most brokers process within 24-48 hours.
Minimum deposits vary: Exness and HFM have zero minimum, XM accepts Rp75,000 ($5), and OctaFX requires Rp400,000 ($25). Bappebti brokers typically require Rp100,000-500,000 minimum.
Exness and HFM have zero minimum deposit requirements. XM follows with Rp75,000 minimum. For Bappebti-regulated brokers, local options may have higher minimums around Rp100,000-500,000.
Yes! With Rp100,000 (about $6), you can open accounts with Exness, HFM, or XM. For proper risk management, we recommend starting with at least Rp500,000-1,000,000.
Yes! All major brokers offer swap-free Islamic accounts for Indonesian Muslim traders including XM, Exness, HFM, OctaFX, FXTM, and RoboForex. These accounts comply with Shariah principles by not charging overnight swap interest.
Forex trading can be halal if done through Islamic/swap-free accounts that don't charge overnight interest. Many brokers offer Shariah-compliant accounts for Indonesian Muslims. Consult a religious authority (MUI) for specific guidance.
To start forex trading in Indonesia: 1) Learn basics through free courses, 2) Choose a regulated broker like XM or Exness, 3) Open a demo account to practice, 4) Deposit via GoPay/OVO (Rp100,000-500,000), 5) Start with EUR/USD. XM offers education in Bahasa Indonesia.
The best forex apps for Indonesian traders are MT4 and MT5 (from all major brokers), the XM app with Bahasa Indonesia support, and the Exness Trader app. These support GoPay/OVO deposits and Indonesian banks.
Exness and IC Markets offer the best MT4 experience in Indonesia with fast execution and full EA support. XM and HFM also provide reliable MT4 with Indonesian bank integration.
Yes! All major brokers offer MT5 in Indonesia including XM, Exness, HFM, FXTM, and RoboForex. MT5 has more timeframes, order types, and a built-in economic calendar.
Exness, HFM, and FP Markets have the lowest spreads in Indonesia with EUR/USD from 0.0 pips on Raw/Pro accounts. These accounts charge a small commission per lot traded.
The European session (2:00 PM - 10:00 PM WIB) and US session (7:30 PM - 4:00 AM WIB) offer the most liquidity. The London-New York overlap (7:30 PM - 10:00 PM WIB) is optimal for EUR/USD and GBP/USD.
HFM's HFCopy and FXTM Invest are the best copy trading platforms for Indonesian traders. OctaFX also offers popular copy trading features. You can copy successful traders with as little as $100.
Top Searched Questions
Which forex brokers are BAPPEBTI-licensed in Indonesia?
BAPPEBTI (Badan Pengawas Perdagangan Berjangka Komoditi) regulates forex brokers in Indonesia. Licensed brokers must partner with a local clearing house and futures exchange. Indonesian traders should verify BAPPEBTI registration and look for IDR account support with local bank transfers via BCA, Mandiri, or BNI.
Information automatically localized based on "broker forex indonesia" and related trends.
Sources & References
- Badan Pengawas Perdagangan Berjangka Komoditi Official Website— Bappebti (2026)
- FCA Register – Check Authorized Firms— FCA (2026)
- CySEC Regulated Entities List— CySEC (2026)
- BrokerAnalysis ranking methodology— BrokerAnalysis
- BrokerAnalysis data sources— BrokerAnalysis
- BrokerAnalysis editorial policy— BrokerAnalysis
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Risk Warning: Forex and CFD trading involves significant risk of loss and may not be suitable for all investors. You could lose more than your initial investment. 68-80% of retail investor accounts lose money when trading CFDs with most providers. Consider whether you understand how CFDs work and whether you can afford the high risk of losing your money.
Not Financial Advice:
Information on this website is for educational and comparison purposes only. This does not constitute financial, investment, or trading advice. How we rank brokers. See Editorial Policy and Data Sources.
Affiliate Disclosure:
BrokerAnalysis may earn commissions from partners listed. This does not influence our rankings or analysis, which are based on our independent methodology. Read our Content Standards.
Regional Availability Notice
Broker availability depends on your country of residence. Some brokers may not accept clients from certain jurisdictions including the USA, Canada, Japan, and others. The comparison table on this page shows the country-acceptance status captured in our latest eligibility checks.