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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 Raw Spread Forex Brokers in Indonesia
Last updated September 2, 2026
The top regulated brokers offering Raw Spread accounts to Indonesia traders — compared on spreads, fees, regulators, and minimum deposit.
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 Raw Spread in Indonesia
We stand behind these two. Everything below is a fuller comparison and lower-weight alternatives.
#1 · Best for Raw Spread in Indonesia
FXTM
Offers Raw SpreadMin. deposit Rp150,000
- Offers Raw Spread
- Regulated: FCA, CySEC, FSCA
- Minimum deposit Rp150,000
FCA, CySEC, FSCA
#2 · Best alternative
HFM
Offers Raw SpreadMin. deposit Rp0
- Offers Raw Spread
- Regulated: FCA, CySEC, FSCA
- Minimum deposit Rp0
FCA, CySEC, FSCA
Why these two
Both brokers here are confirmed to offer Raw Spread for Indonesia traders — this list only includes brokers we've verified have this specific feature, not every broker that's generally popular in Indonesia.
CFDs are complex instruments and carry a high risk of losing money rapidly due to leverage. Trade only what you can afford to lose.
What do Raw Spread brokers actually cost Indonesia traders?
Across the 6 Raw Spread brokers available to Indonesia traders on this page, the median researched EUR/USD spread is 0.0 pips, ranging from 0.0 to 0.8 pips, with 6 of those figures taken from the broker's own published specification.
Raw Spread brokers for Indonesia traders
Raw spread accounts give Indonesia traders direct access to interbank pricing — spreads starting from 0.0 pips on major pairs, with a transparent per-lot commission instead of markup. Our current ranking starts with FXTM where it is available, followed by HFM, Exness, and VT Markets. Compare regulation, fees, platforms, account terms, and local funding fit before opening an account. This guide ranks 6 brokers for Indonesia traders. Local oversight for Indonesia traders sits with BAPPEBTI / OJK. BAPPEBTI requires registration for forex brokers. Unregistered international brokers are frequently blocked by Kominfo, so traders often require VPNs or alternative domains. Oversight relevant to traders in Indonesia sits with BAPPEBTI / OJK. Locally, traders in Indonesia can fund accounts through GoPay at brokers that support them — a rail that is unavailable in most other markets. Brokers rarely offer IDR-denominated accounts, so traders in Indonesia usually fund in USD and carry an FX conversion cost on deposit and withdrawal.
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
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Quick Rankings
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FIND MY BROKERKey Features for Indonesian Traders
6 brokers · how we rank
Compare essential broker features including Islamic accounts for Indonesia.
| Broker | Withdrawal | Commission | Open time | Islamic Account | Regulation & funding | Action | ||
|---|---|---|---|---|---|---|---|---|
| 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 | ||
| 1.0 | Rp0 | Instant | None | Same day | Yes | No tier-1 licence listed | ||
| 0.0 | Rp800,000 | 1-2 business days | $3.00/lot | Same day | Yes | No tier-1 licence listed | ||
| 1.6 | Rp75,000 | 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 |
Rank 01 · best overall
Spread
0.1
Min dep.
Rp150,000
Withdrawal
24 hours
Commission
None
Open time
Same day
Islamic Account
Yes
Rank 02
Spread
0.0
Min dep.
Rp0
Withdrawal
24 hours
Commission
None
Open time
Same day
Islamic Account
Yes
Rank 03
Spread
1.0
Min dep.
Rp0
Withdrawal
Instant
Commission
None
Open time
Same day
Islamic Account
Yes
Rank 04
Spread
0.0
Min dep.
Rp800,000
Withdrawal
1-2 business days
Commission
$3.00/lot
Open time
Same day
Islamic Account
Yes
Rank 05
Spread
1.6
Min dep.
Rp75,000
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
We 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 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 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 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 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 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
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Frequently Asked Questions About Raw Spread Forex Brokers in Indonesia
Frequently Asked Questions
The best raw spread brokers for Indonesia traders offer average EUR/USD spreads under 0.2 pips, commissions under $7/lot, and verified interbank pricing. All brokers on this page were tested for actual spread performance, not just advertised minimums.
A raw spread account shows direct interbank prices (spreads from 0.0 pips) with a transparent per-lot commission instead of spread markup. Total cost = spread + commission, which is typically lower than standard accounts for active traders.
Commissions range from $3-7 per lot per side ($6-14 round-turn). The best raw spread brokers charge $3-3.50 per side. Compare total cost (spread + commission), not commission alone.
For active traders (10+ trades/day), raw accounts are almost always cheaper. For casual traders (a few trades per week), standard accounts may be simpler. Calculate your expected monthly volume and compare total costs.
Yes — raw spread accounts are ideal for scalping because the tight spreads reduce the cost of frequent trading. Most raw spread brokers explicitly allow scalping, hedging, and automated trading.
Minimum deposits for raw spread accounts range from $0 (IC Markets) to $200-500 at some brokers. Many brokers offer the same minimum for raw and standard accounts.
Forex trading in Indonesia: BAPPEBTI requires registration for forex brokers. Unregistered international brokers are frequently blocked by Kominfo, so traders often require VPNs or alternative domains. The market is overseen by BAPPEBTI / OJK. Verify your own eligibility with the broker before funding an account — rules can change and we date-stamp this page when they do.
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
- Exness — published spread specification— Exness (2026)
- VT Markets — published spread specification— VT Markets (2026)
- XM — published spread specification— XM (2026)
- HFM — published spread specification— HFM (2026)
- FP Markets — published spread specification— FP Markets (2026)
- FXTM — published spread specification— FXTM (2026)
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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.
How we measured this — Raw Spread brokers for Indonesia traders
Across the 6 Raw Spread brokers available to Indonesia traders on this page, the median researched EUR/USD spread is 0.0 pips, ranging from 0.0 to 0.8 pips, with 6 of those figures taken from the broker's own published specification.
- median researched EUR/USD spread
- 0 pips
- Brokers measured
- 6
- Linked to broker spec
- 6 of 6
- Data as of
- 2026-09-02
Figures compiled by BrokerAnalysis from each broker's own published specification where available, otherwise from our broker catalogue. Per-broker spreads, minimum deposits and regulators are listed in the comparison table on this page. Spreads are typical, not guaranteed, and change with market conditions.
Sources: get.exness.help · vtmarkets.com · xm.com · hfm.com · fpmarkets.com · fxtm.com
What changes locally
- Oversight relevant to traders in Indonesia sits with BAPPEBTI / OJK.
- Locally, traders in Indonesia can fund accounts through GoPay at brokers that support them — a rail that is unavailable in most other markets.
- Brokers rarely offer IDR-denominated accounts, so traders in Indonesia usually fund in USD and carry an FX conversion cost on deposit and withdrawal.