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Best Forex Brokers Indonesia for 2022 – Best Forex Brokers Indonesia for 2022 . The annual review of forex brokers (six years in a row) is among the most frequently cited in the field. With more than 50,000 words of research on the site, we’ve spent hundreds of hours evaluating forex brokers every year. Here’s the method we use to test.

The trading of forex (currencies) on the island of Indonesia is a popular choice for residents. Although it is recommended forex brokers aren’t required to be authorised by The Financial Services Authority of Indonesia to accept residents of Indonesia as clients. The Indonesian version to FSA refers to Otoritas Jasa Keuangan or OJK.

The Securities and Exchange Board of Indonesia is the regulator in Indonesia. Website: We recommend Indonesia residents also follow the FSCA on Twitter,

forex brokers

The Financial Services Authority of Indonesia was created in the year the year 2011. To see a detailed historical overview you can visit the Financial Services Authority of Indonesia website at Wikipedia.

CFDs are complicated instruments that have a high chance of losing money fast because of leverage. Between 65 and 82 percent of retail investor accounts have losses by trading CFDs. It is essential to know the way CFDs function and whether you are financially able to accept the risk of losing your investment.

The Best Forex Brokers Indonesia

forex brokers indonesia

To determine the top broker for forex in Indonesia We created an index of all brokers who list Indonesia as a nation they take new clients from. Then, we ranked them according to their overall rating.

This is our list of the top foreign exchange brokers that are located in Indonesia.

  • Google – The best overall broker, the most trusted
  • Saxo Bank Best online trading platform
  • Interactive Brokers – Excellent all-around, ideal for professionals
  • A fantastic all-round offer
  • XTB Great research and educational
  • FXCM Excellent tool and platforms for trading
  • AvaTrade is great for novices and copy trading

Indonesia Foreign Brokers Comparison

Compare Indonesia authorised forex and CFDs brokers side-by-side with our tools for comparing forex brokers or the table of summary below. The list of brokers is sorted by the company’s Overall ranking.

Forex Broker Accepts ID residents Average Spread EUR/USD Standard Minimum Deposit All in all Visit the Site
Ig Yes 0.828 PS250.00 5 Stars Go to Site
Saxo Bank Yes 0.800 $2,000.00 5 Stars Visit Site
Interactive Brokers Yes 0.600 $0 5 Stars Visit Site Yes 1.100 $100.00 4.5 Stars N/A
XTB Yes 0.900 $0.00 4.5 Stars N/A
FXCM Yes 1.400 Beginning at $50 4.5 Stars N/A
AvaTrade Yes 0.910 $100.00 4.5 Stars Visit Site
Admiral Markets Yes 0.800 100 4.5 Stars N/A Yes 0.800 $20.00 4.5 Stars Visit Site
IC Markets Yes 0.620 $200 4.5 Stars Visit Site
OANDA Yes 1.400 $0.00 4.5 Stars N/A
XM Group Yes 1.600 $5 4 Stars Visit Site
Markets for FP Yes 1.200 $100 $100 4 Stars Visit Site
Tickmill Yes 0.270 $100.00 4 Stars Visit Site
HYCM Yes 0.600 $100 4 Stars Visit Site
BDSwiss Yes 1.500 $100-$5000 (depending on type of account) 4 Stars Visit Site
HotForex Yes 1.200 $5 4 Stars Visit Site
Vantage Yes 1.220 $200 4 Stars N/A
Moneta Markets Yes 1.220 $50.00 4 Stars N/A
VT Markets Yes 1.200 $200 4 Stars Visit Site
Eightcap Yes $100 4 Stars N/A
ACY Securities Yes 1.200 $50 4 Stars Visit Site
Trade Nation Yes 0.60 $0 4 Stars N/A
BlackBull Markets Yes 0.845 $200 3.5 Stars Visit Site
OctaFX Yes 0.600 $25 3.5 Stars N/A
LegacyFx Yes 0.00 $500 3.5 Stars N/A

How do you verify FSA Authorisation

Unfortunately the FSA is unable to offer a list of approved forex brokers. However residents can call FSA directly to verify authorization. FSA in person to confirm their authorization.

More Forex Guides


In this review, 2022 Forex Broker Review we evaluated, rated and ranked 39 foreign forex brokers for a three-month time frame, which resulted in more than 50k words of research that was published.

Each broker was evaluated by 113 different factors that included our exclusive Trust Score algorithm. This unique scoring system rates the level of trustworthiness of each broker on the basis of factors like licenses, regulations and the corporate structure. Find out More on Trust Score here.

In our annual review All brokers were given the chance to update their information and important milestones, as well as an extensive profile of their data, which we checked for accuracy.

Our rigorous validation of data results in errors of less than .1 per year, ensuring that our visitors are provided with accurate data that they can be confident in. Find out more about the methods we use to test.

Forex Risk Disclaimer

There is a high amount of risk in trading securities. For forex trading that is margin-based derivatives off exchange, as well as cryptocurrency, there is a significant risk. This includes, but not only creditworthiness, leverage, regulatory protection , and market volatility that could dramatically influence the price or liquidity, of an instrument or currency. It should not be believed that the techniques, methods or indicators that are presented in these products will prove profitable or are not likely to produce losses.Learn more.

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