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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
To find the best forex broker in Indonesia, we created a list of all brokers that list Indonesia as a country they accept new customers from. We then ranked brokers by their Trust Score Ranking.
Here is our list of the best forex brokers in Indonesia.
- IG - Best Overall, Most Trusted
- Saxo Bank - Best Web Platform, Research
- FOREX.com - Great All-around, Low Costs
- City Index - Well-rounded Offering
- XTB - Great Customer Service, Easy to Use Platform
- Swissquote - Best Banking Services
Indonesia Forex Brokers Comparison
|Forex Broker||Accepts ID Residents||Average Spread EUR/USD - Standard||Minimum Initial Deposit||Trust Score||Overall||Open Account|
How to Verify FSA (Indonesia) Authorisation
Unfortunately, the FSA does not currently have a simple search tool setup that allows you to verify authorisation easily. As a result, residents have to contact the FSA to confirm the status of the broker.
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"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.