3 Best Forex Brokers in Indonesia for 2026
Choosing a forex broker in Indonesia requires more than comparing spreads and platforms. Traders need brokers that are authorized to operate locally, support convenient payment methods, and provide resources in the Indonesian language. With that in mind, we evaluated brokers based on how well they serve Indonesian residents in real trading conditions.
- Rankings are not for sale — the order comes from our test scores; no broker can pay for a higher spot.
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We shortlisted brokers that are properly authorized and regulated by independent financial authorities and verified that they accept clients from Indonesia. We then reviewed the range of tradable instruments, making sure Indonesian traders have access to a diverse set of markets beyond just major forex pairs.
Then, we opened live trading accounts to test real spreads and commissions, spent hands-on time with each trading platform, and checked for localized support, including Indonesian-language websites and customer service, and local payment methods. The brokers featured here are the ones that combine regulation, fair pricing, local access, and practical trading tools.
List of Top Forex Brokers in Indonesia
Compare All Listed Brokers
| Broker | Score | Fees Score | Min Deposit | Max Leverage | Platforms | Visit Broker |
|---|---|---|---|---|---|---|
FP Markets | 4.6 | 4.1 | $100 | 1:500 (FSA) 1:500 (FSCM) · 1:500 (Unregulated) · 1:400 (FSCA) · 1:30 (ASIC) · 1:500 (CMA) | MT5, cTrader, IRESS, MT4, Mottai, TradingView | - |
FxPro | 4.3 | 3.0 | $0 | 1:30 (FCA) 1:10000 (FSA) · 1:200 (SCB) · 1:30 (CySEC) | MT5, cTrader, MT4, FxPro Trading Platform, FxPro Mobile App, TradingView | 73% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing money. (EU, UK) |
IG | 4.7 | 3.8 | $50 | 1:30 (FCA) 1:30 (JFSA) · 1:200 (BMA) · 1:30 (BaFin) · 1:50 (NFA) · 1:30 (ASIC) · 1:30 (FINMA) · 1:20 (MAS) · 1:30 (DFSA) · 1:30 (FSCA) | MT4, ProRealTime, L2 Dealer, TradingView, IG Online Platform | 69% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money |
How Did FXEmpire Select the Best Forex Brokers in Indonesia?
- We only selected brokers with a high overall score from our proprietary rating system.
- We checked each broker is authorized to provide brokerage services to residents in Indonesia and regulated by an independent financial authority.
- We examined the number of tradable instruments available to Indonesian traders to ensure there is a diverse range.
- We opened a live trading account to test the broker’s live spreads and trading commissions to ensure they are competitive and transparent.
- We tested the brokers’ trading platforms to identify their user-friendliness and number of trading and charting features.
- We examined whether the brokers have localized resources for Indonesians, such as an office in the country and a website and customer support in the Indonesian language.
- We checked all the payment options available to ensure there are deposit and withdrawal options for traders in Indonesia.
- We explored the brokers’ educational and research content to see if there are materials specifically tailored to Indonesian traders.
Best Overall
- $100Min Deposit
- 10180Tradable Instruments
- MediumFees
Why We Picked It
Founded in 2005, FP Markets is regulated by CySEC, ASIC, and FSCA, and also operates an unregulated entity in St. Vincent and the Grenadines (SVG). The broker offers over 850 financial instruments across three different trading platforms, all with access to low spreads and trading fees.
Key Features for Indonesian Traders:
- Entity for Indonesian residents: FP Markets LLC – based in SVG, unregulated.
- Indonesian version of the website: Yes
- Customer support in Indonesian: Yes
- Islamic Account: Yes
- Deposit/withdraw funds in IDR: Yes
- Platforms: MT4, MT5, cTrader
- Tradable instruments: 850+
- Bonuses and promotions: No
During our live fee test, I found that the spread for EUR/USD averaged 1.1 pips during peak trading hours in the London and New York sessions. This is roughly in line with the industry average of 1.0 pips for a commission-free trading account. Indonesian traders can access even lower spreads from 0.0 pips with the FP Markets Raw ECN account. This account charges a commission of 3 USD per lot, per side, which is better than the industry average of 3.50 USD.
I also discovered that traders in Indonesia can deposit funds in IDR without any fees using Asia Banks, QRIS, FasaPay, and XPay. While the broker provides three world-class trading platforms — MT4, MT5, and cTrader — those using an Islamic Account are limited to trading on MT4 and MT5. I was particularly impressed by the wide range of plugins available for the MT4 and MT5 platforms, including copy trading tools, research from Trading Central, and real-time trading ideas from Autochartist.
Pros and Cons
- Raw ECN pricing accounts.
- Low spreads and trading commissions.
- Multiple trading platforms.
- Autochartist, Trading Central, Copy trading plugins.
- No IDR pairs among the 72+ currency pairs available.
Best for Professional Traders
- $0Min Deposit
- 2090Tradable Instruments
- HighFees
Why We Picked It
Founded in 2005, FxPro is regulated by the UK FCA, CySEC, SCB and FSC Mauritius. Within the industry, it is recognized as a true No Dealing Desk (NDD) broker, offering ultra-fast trade execution, a variety of trading platforms, and an array of tools tailored for professional traders.
Key Features for Indonesian Traders:
- Entity for Indonesian residents: Prime Ash Capital Limited, regulated by FSC Mauritius.
- Indonesian version of the website: Yes
- Customer support in Indonesian: Yes
- Islamic Account: Yes
- Deposit/withdraw funds in IDR: Yes
- Platforms: MT4, MT5, cTrader
- Tradable instruments: 2,100+
- Bonuses and promotions: No
During our live test, I found that FxPro provides an excellent range of products tailored to professional traders. This includes access to its deep forex liquidity and No Dealing Desk intervention, allowing forex trades to execute in less than 13 milliseconds. This feature makes it an ideal choice for short-term traders and goes well with the broker’s cTrader platform, which is specifically designed for high-frequency, short-term trading.
The platform boasts over 2,100 tradable instruments, spanning forex, cryptocurrencies, commodities, indices, and shares. Traders also get complimentary access to trading signals and technical analysis research from Trading Central. A unique feature I noted, is the Islamic Account, which provides swap-free trading options not just for forex, but also for spot indices, futures, and shares — a comprehensive offering that caters well to traders in Indonesia.
Our live fee test showed the spread for EUR/USD on the FxPro commission-free account averaged 1.2 pips during peak hours in the London and New York sessions. This is higher than the industry average of 1.0 pips for a similar account.
Pros and Cons
- 2,100+ tradable instruments.
- No dealing desk intervention.
- MT4, MT5, cTrader platforms.
- Swap-free trading on forex, indices, futures and shares.
- 10 USD fee if no activity after 6 months.
Best Trading Platform
- $50Min Deposit
- 19234Tradable Instruments
- MediumFees
Why We Picked It
Founded in 1974, IG is a publicly listed broker on the London Stock Exchange, with ten globally regulated entities. Over 17,000 markets are available to trade commission-free and with competitive spreads from the IG web platform and mobile app, ProRealTime, MT4, and L2 Dealer.
Regional Features:
- Entity for Indonesian residents: IG International Limited, regulated by the Bermuda Monetary Authority (BMA)
- Indonesian version of the website: No
- Customer support in Indonesian: No
- Islamic Account: No
- Deposit/withdraw funds in IDR: NoPlatforms: IG Web, IG Mobile, MT4, TradingView, ProRealTime, L2 Dealer (professionals only)
- Bonuses and promotions: $150 welcome rebate
- Additional Features: Weekend trading – gold, forex, indices and cryptos
IG offers an extensive range of trading platforms for different types of traders. The IG web platform and mobile app are designed for both beginner and advanced traders with easy access to trade over 17,000 markets covering all global asset classes. The web platform is user-friendly, intuitive, and highly customizable, with advanced features such as one-click trading, trading from the chart, and client sentiment data.
For algorithmic traders, traders are given to use MT4 and ProRealTime platforms. ProRealTime allows anyone to code strategies for backtesting or automation using simple English language commands. It also has an extensive community offering ready-made automated strategies, indicators, and trading discussions.
The broker offers IG academy, available on the website and mobile app. It boasts an extensive range of educational content, including platform tutorials, live webinars, and market research. IG’s platforms also have built-in trading signals from Autochartist and PIA First.
Pros and Cons
- User-friendly, feature-rich proprietary platform
- Competitive spreads
- Wide range of products
- Up to $150 cashback on your first trades
- Support is not 24/7
All the Brokers We Tested
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About the Authors
Jitan Solanki is a professional trader, market analyst, and educator. He day trades major currency and index markets and focuses on swing trading US equities and commodities. A qualified Market Technician, Jitan also works with trader education and brokerage companies on various projects. These include market analysis, live trading events, and broker reviews. As an experienced trader and educator, Jitan brings all his qualities in action when reviewing and recommending brokers.
Amy leads the prop trading area at FXEmpire, collaborating closely with industry experts to deliver insightful and trustworthy reviews. Her work ensures that readers gain transparent, reliable guidance in navigating the fast-evolving world of proprietary trading firms.
Aviva is a Senior Content Editor at FXEmpire. Her substantial contributions include refining over 150 broker reviews and 'Best Brokers Guides,' enhancing our proprietary methodology, and ensuring every fact is meticulously verified.