The ForexBrokers.com annual forex broker review (three years running) is the most cited in the industry. With over 60,000 words of research across the site, we spend hundreds of hours testing forex brokers each year. How we test.
Trading forex (currencies) in Indonesia is popular among residents. While recommended, forex brokers are not required to become authorised by the Financial Services Authority of Indonesia to accept residents of Indonesia as customers. The Indonesian translation of FSA is Otoritas Jasa Keuangan or OJK.
The Securities and Exchange Board of Indonesia is the financial regulatory body in Indonesia. Website: https://www.ojk.go.id. We recommend Indonesia residents also follow the FSCA on Twitter, https://twitter.com/OJKINDONESIA.
The Financial Services Authority of Indonesia was established in 2011. For a historical breakdown, here's a link to the Financial Services Authority of Indonesia webpage on Wikipedia.
Best Forex Brokers Indonesia
Here is our list of the best forex brokers in Indonesia.
- IG - Best Overall Broker 2020
- Swissquote - Best banking services
- Saxo Bank - Best web platform, high minimum deposit
- FOREX.com - Great platforms and pricing
- City Index - Excellent all around offering
- XTB - Best customer service, great platform
Indonesia Forex Brokers Comparison
Compare Indonesia authorised forex and CFDs brokers side by side using the forex broker comparison tool or the summary table below. This broker list is sorted by the firm's ForexBrokers.com Trust Score.
|Forex Broker||Accepts ID Residents||Average Spread EUR/USD - Standard||Minimum Initial Deposit||Trust Score||Overall||Visit Site|
How to Verify FSA Authorisation
Unfortunately, the FSA does not provide a list of authorized forex brokers; however, residents can contact the FSA directly to verify authorisation.
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For our 2019 Forex Broker Review we assessed, rated, and ranked 28 international forex brokers. Each broker was graded on 81 different variables and, in total, over 60,000 words of research were produced.
While encouraged, broker participation was optional. Each broker had the opportunity to complete an in-depth data profile and provide executive time (live in person or over the web) for an annual update meeting.
All data submitted by brokers is hand-checked for accuracy. Ultimately, our rigorous data validation process yields an error rate of less than .1% each year, providing site visitors quality data they can trust. Learn more about how we test.
Forex Risk Disclaimer
"There is a very high degree of risk involved in trading securities. With respect to margin-based foreign exchange trading, off-exchange derivatives, and cryptocurrencies, there is considerable exposure to risk, including but not limited to, leverage, creditworthiness, limited regulatory protection and market volatility that may substantially affect the price, or liquidity of a currency or related instrument. It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable, or that they will not result in losses." Learn more.