Best Forex Brokers in Indonesia 2026
Indonesia's commodity futures market, including forex, is regulated by BAPPEBTI (Badan Pengawas Perdagangan Berjangka Komoditi). Indonesia has a growing forex trading community with an increasing number of locally licensed brokers.
BAPPEBTI
1:200
5
Trust stack
Trust metadata for Indonesia broker coverage
This country shortlist is built from review data, local regulatory context, and the editorial standards linked below.
Is Forex Trading Legal in Indonesia?
Forex trading is legal and regulated by BAPPEBTI. Brokers must hold a BAPPEBTI licence to legally offer forex trading services in Indonesia.
BAPPEBTI has tightened regulations in recent years, requiring brokers to maintain higher capital reserves. Many international brokers also serve Indonesian traders under offshore licences.
Top 5 Brokers for Indonesia Traders
| Feature |  IG Overall 9.2/10 |  Interactive Brokers Overall 9.2/10 |  Saxo Bank Overall 9.0/10 |  IC Markets Overall 8.8/10 |  CMC Markets Overall 8.8/10 |
|---|---|---|---|---|---|
| Overall Score | 9.2/10 ✓ | 9.2/10 ✓ | 9.0/10 | 8.8/10 | 8.8/10 |
| Spreads From | 0.6 pips | 0.1 pips | 0.4 pips | 0.0 pips | 0.7 pips |
| Min Deposit Lower is better | $250 | $0 ✓ | $2000 | $200 | $0 ✓ |
| Platforms | IG Platform, MT4, ProRealTime, L2 Dealer | TWS, IBKR Mobile, IBKR GlobalTrader | SaxoTraderGO, SaxoTraderPRO | MT4, MT5, cTrader | Next Generation, MT4 |
| Regulation | FCA, ASIC, MAS, BaFin | SEC, FCA, ASIC, MAS, IIROC | FCA, DFSA, MAS | ASIC, CySEC, FSA | FCA, ASIC, BaFin |
| Markets | 17,000+ | 1,000,000+ ✓ | 72,000+ | 2,200+ | 10,000+ |
IG
Min Deposit
$250
Spreads From
0.6 pips
Leverage
1:200
Instruments
17,000
Interactive Brokers
Min Deposit
$0
Spreads From
0.1 pips
Leverage
1:50
Instruments
1,000,000
Saxo Bank
Min Deposit
$2000
Spreads From
0.4 pips
Leverage
1:200
Instruments
72,000
IC Markets
Min Deposit
$200
Spreads From
0.0 pips
Leverage
1:500
Instruments
2,200
CMC Markets
Min Deposit
$0
Spreads From
0.7 pips
Leverage
1:500
Instruments
10,000
Tips for Indonesia Traders
Verify BAPPEBTI licensing before opening an account
Local brokers must be members of the Jakarta Futures Exchange (JFX)
International brokers are accessible but check for BAPPEBTI compliance
IDR deposit options are available with some local and international brokers
Frequently Asked Questions
Is forex trading legal in Indonesia?
Yes, forex trading is legal and regulated by BAPPEBTI. Brokers must be licensed to operate.
What leverage is available?
BAPPEBTI-regulated brokers typically offer leverage up to 1:200, though this varies by broker.
Should I use a local or international broker?
BAPPEBTI-licensed brokers offer local regulatory protection. International brokers provide more choices but may lack local oversight.
Read the full reviews for the brokers available in Indonesia
This country page is the shortlist. The individual reviews are where you can check platform details, withdrawal terms, regulation, and who each broker suits best before you choose.
IG review
IG is a premium broker with 50+ years of experience, 17,000+ markets, and an exceptional proprietary platform backed by top-tier global regulation.
Entity note: IG shows 4 regulators in the shared broker dataset. Treat that as a brand-level trust signal, not proof of the exact legal entity you will onboard with.
Interactive Brokers review
Interactive Brokers is one of the world's largest and most regulated brokers, offering access to 150+ markets, all asset classes, and professional-grade tools at industry-leading low costs.
Entity note: Interactive Brokers shows 5 regulators in the shared broker dataset. Treat that as a brand-level trust signal, not proof of the exact legal entity you will onboard with.
Saxo Bank review
Saxo Bank is a premium licensed bank offering 72,000+ instruments, award-winning proprietary platforms, and top-tier FCA/DFSA/MAS regulation.
Entity note: Saxo Bank shows 3 regulators in the shared broker dataset. Treat that as a brand-level trust signal, not proof of the exact legal entity you will onboard with.
IC Markets review
IC Markets delivers institutional-grade execution with raw spreads from 0.0 pips, $15B+ daily volume, and ASIC/CySEC regulation.
Entity note: IC Markets carries a solid regulator mix, but the brand still routes clients through different legal entities by region.
CMC Markets review
CMC Markets is a 35-year veteran offering 10,000+ instruments through its award-winning Next Generation platform with FCA/ASIC/BaFin regulation.
Entity note: CMC Markets shows 3 regulators in the shared broker dataset. Treat that as a brand-level trust signal, not proof of the exact legal entity you will onboard with.