Forex Brokers in Indonesia
Following the Asia economic crisis in the 1990s, Indonesia has recorded an impressive economic track record. The country, an archipelago comprised of over 300 ethnic groups, now ranks fourth in population and tenth in purchasing power parity. Prior to the advent of Covid-19, Indonesia had reduced national poverty to the extent that it achieved middle-income status among other nations across the globe. The World Bank appreciates the strides made within Indonesia to achieve its development plans: “Having maintained political stability, Indonesia is one of East Asia Pacific’s most vibrant democracies, emerging as a confident middle-income the country.”
As a result of its economic success, Indonesia has also spawned a burgeoning middle class that understands the importance of investment activities and has also been attracted to forex trading. In 2011, the Financial Services Authority of Indonesia, the “OJK” in local parlance, became the primary regulator in Indonesia. It is a division of the Bank of Indonesia, its central bank, and it has come down hard on violations of local forex regulations. The challenge in this locale is that 87% of the populace is Islamic. Sharia law is a major determinant in how they deal with financial matters. The benefit is that forex traders work with a floating currency, the Rupiah (IDR), in a free market economy, but it is highly recommended that you search for the best forex broker in Indonesia before choosing your trading partner.
| Broker | Features | Regulator | Platforms | Next Step | |
|---|---|---|---|---|---|
 74% of clients lose money. Capital at risk.
Founded: 1999 |
- Trusted Global Market Leader |
CFTC, CIMA, FCA, FSA, IIRO, NFA | FOREXTrader & MT4 for PC, MAC, iPhone, iPad and Android, WebTrader | ||
 Your capital is at risk
Founded: 2019 |
- Trade 15 cryptocurrencies |
- | eToro | ||
 Your capital is at risk
Founded: |
|
FSA, VFSC | MetaTrader 4, Web Trader, Social Trading Allpips, Web Platform Allpips | ||
Read our reviews of more forex brokers that did not make our top list above:
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| iForex – Read review | Trade24 – Read review |
| xTrade – Read review | Trade360 – Read review |
| 24Option – Read review | UFX – Read review |
| IG Group – Read review | HarborX – Read review |
| MexGroup – Read review | Oanda – Read review |
| Tradeo – Read review | London Capital Group – Read review |
| IC Markets – Read review | CFD Global – Read review |
| ATFX – Read review | TradeFred – Read review |
| IQ Option – Read review | Libertex – Read review |
| Swiss Markets – Read review | iTrader – Read review |
| FX Globe – Read review | Formax – Read review |
| Think Markets – Read review | Z.com Trade – Read review |
| Orbex – Read review | NSFX – Read review |
| USGFX – Read review | STO – Read review |
| Trio Markets – Read review | HYCM – Read review |
| eToro – Read review | FXGiants – Read review |
| BD Swiss – Read review | ETX Capital – Read review |
| Trade.com – Read review | easyMarkets – Read review |
| Finq – Read review | XTB – Read review |
| everFX – Read review |