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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 July 30, 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
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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
Exness
Offers Raw SpreadMin. deposit Rp0
- Offers Raw Spread
- Regulated: FCA, CySEC, FSA, FSC
- Minimum deposit Rp0
FCA, CySEC, FSA, FSC
#2 · Best alternative
RoboForex
Offers Raw SpreadMin. deposit Rp150,000
- Offers Raw Spread
- Regulated: CySEC, IFSC
- Minimum deposit Rp150,000
CySEC, IFSC
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 are the best raw spread forex brokers in Indonesia in 2026?
The best raw spread brokers for Indonesia in 2026 offer average EUR/USD spreads under 0.2 pips with commissions from $3/lot per side, providing transparent interbank pricing and lower total costs for active traders.
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 Exness where it is available, followed by RoboForex, 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
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
HFM
FCA (UK)100% Supercharged Bonus + Daily Rebates
100% SuperCharged bonus credit plus daily rebates on qualifying Forex and Gold volume.
Verified Jun 15, 2026
Indonesia Trading Guide
Regulator
Bappebti (Badan Pengawas Perdagangan Berjangka Komoditi), OJK
Legal Status
Legal with Bappebti-licensed brokers
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Key Features for Indonesian Traders
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FIND MY BROKERIn-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 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 Forflexible leverage options.
Min DepositRp150,000
RoboForex Review Summary
RoboForex offers flexible leverage options with CopyFX social trading. Cent accounts available for beginners starting with small capital.
Pros
- Regulation varies by entity
- Minimum deposit: Rp150,000
- 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 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
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.
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
- FCA Register— FCA (2026)
- CySEC Regulated Entities— CySEC (2026)
- ASIC Financial Services Register— ASIC (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.