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Regional Guide for Indonesian Traders

Best Forex Brokers in Indonesia 2026

Top Bappebti-regulated forex brokers with GoPay, OVO, DANA deposits for Indonesian traders. Compare spreads, fees, and Islamic accounts.

Emily Watson

Written by

Emily Watson

David Okonjo

Fact Checked by

David Okonjo

Last reviewed:
•
By:Emily Watson
•
Fact-checked by:David Okonjo

Top 7 Brokers for Indonesian Traders in 2026

Forex trading in Indonesia is regulated by Bappebti (Commodity Futures Trading Regulatory Agency) and OJK for digital assets. Our experts tested 40+ brokers to find the best forex brokers for Indonesia in 2026. XM leads our rankings with full GoPay, OVO, DANA, and ShopeePay support, followed by Exness (best spreads) and OctaFX (Bappebti-licensed). All recommended brokers offer Islamic swap-free accounts and MT4/MT5 platforms.

What is the best forex broker in Indonesia for 2026?

XM is the best forex broker in Indonesia for 2026, offering full GoPay, OVO, DANA, and ShopeePay support, excellent education in Bahasa Indonesia, and Islamic accounts. Exness and OctaFX (Bappebti-licensed) are also excellent choices.

Key Features for Indonesian Traders

Compare essential broker features including Islamic accounts for Indonesia.

Broker
XMNoneRp75,000
ExnessNoneRp0
HFMNoneRp0
FXTMNoneRp150,000
RoboForexNoneRp150,000
OctaFXNoneRp400,000
FP Markets$3.00/lotRp1,500,000

Detailed Broker Analysis

XM logo
XM
Read Review
Recommended
Full e-wallet support including GoPay.
4.5/5App Score

XM is the only major international broker accepting all major Indonesian e-wallets including GoPay, OVO, DANA, and ShopeePay. Daily webinars in Bahasa Indonesia.

Forex spread classLow
Minimum depositRp75,000
Inactivity fee$5/mo
Currency pairs55
Deposit methodsGoPay, OVO, DANA, LinkAja, ShopeePay
Withdrawal fee$0
Visit Broker Read review
Exness logo
Exness
Read Review
Recommended
Instant Indonesian bank transfers.
4.6/5App Score

Exness offers seamless integration with major Indonesian banks (BCA, Mandiri, BRI) with instant automated withdrawals. Zero minimum deposit and no inactivity fees.

Forex spread classUltra-Low
Minimum depositRp0
Inactivity fee$0
Currency pairs107
Deposit methodsBCA, Mandiri, BRI, BNI, E-wallets
Withdrawal fee$0
Visit Broker Read review
OctaFX logo
OctaFX
Read Review
Recommended
Bappebti-regulated local entity.
4.2/5App Score

OctaFX operates Octa Investama Berjangka, a Bappebti-regulated Indonesian entity, providing full local compliance and support.

Forex spread classLow
Minimum depositRp400,000
Inactivity fee$0
Currency pairs40
Deposit methodsBCA, Mandiri, OVO, DANA
Withdrawal fee$0
Visit Broker Read review
HFM logo
HFM
Read Review
Recommended
Zero spread + Islamic accounts.
4.3/5App Score

HFM offers zero spread accounts with swap-free Islamic options for Indonesian Muslim traders.

Forex spread classUltra-Low
Minimum depositRp0
Inactivity fee$5/mo
Currency pairs53
Deposit methodsBCA, Mandiri, Skrill
Withdrawal fee$0
Visit Broker Read review
FXTM logo
FXTM
Read Review
Recommended
Strong education and copy trading.
4.4/5App Score

FXTM offers excellent educational resources and copy trading through FXTM Invest. Multi-regulated with strong reputation among Indonesian traders.

Forex spread classLow
Minimum depositRp150,000
Inactivity fee$5/mo
Currency pairs62
Deposit methodsBank Transfer, Skrill
Withdrawal fee$0
Visit Broker Read review
RoboForex logo
RoboForex
Read Review
Recommended
High leverage up to 1:2000.
4.1/5App Score

RoboForex offers high leverage up to 1:2000 with CopyFX social trading. Cent accounts available for beginners starting with small capital.

Forex spread classUltra-Low
Minimum depositRp150,000
Inactivity fee$0
Currency pairs40
Deposit methodsBank Transfer, Skrill, Crypto
Withdrawal fee$0
Visit Broker Read review
FP Markets logo
FP Markets
Read Review
Recommended
ECN execution with tight spreads.
4.3/5App Score

FP Markets provides institutional-grade ECN execution with raw spreads from 0.0 pips. ASIC and CySEC regulated for strong client protection.

Forex spread classUltra-Low
Minimum depositRp1,500,000
Inactivity fee$0
Currency pairs60
Deposit methodsBank Transfer, Skrill
Withdrawal fee$0
Visit Broker Read review

Frequently Asked Questions

XM is the best forex broker in Indonesia for 2026, offering full GoPay, OVO, DANA, and ShopeePay support, excellent education in Bahasa Indonesia, and Islamic accounts. Exness and OctaFX (Bappebti-licensed) are also excellent choices.

Yes, forex trading is legal in Indonesia when done through Bappebti-regulated brokers. Bappebti (Badan Pengawas Perdagangan Berjangka Komoditi) is Indonesia's commodity futures trading regulator. Using Bappebti-licensed brokers provides the strongest legal protection.

Bappebti (Badan Pengawas Perdagangan Berjangka Komoditi) is Indonesia's official commodity futures trading regulator. Trading with Bappebti-licensed brokers ensures full legal protection under Indonesian law, segregated funds, and local dispute resolution.

Bappebti-regulated forex brokers include: OctaFX (Octa Investama Berjangka), Monex Investindo Futures, Valbury Asia Futures, and other local brokers. International brokers like XM and Exness are regulated by FCA, CySEC, ASIC but not locally by Bappebti.

XM is the most prominent broker accepting GoPay deposits in Indonesia. XM also supports OVO, DANA, LinkAja, and ShopeePay with instant processing for Indonesian traders.

Yes! XM and OctaFX accept OVO and DANA deposits for Indonesian traders. XM supports all major Indonesian e-wallets including GoPay, OVO, DANA, LinkAja, and ShopeePay.

To deposit IDR: 1) Login to your broker, 2) Select GoPay/OVO/DANA or Bank Transfer (BCA, Mandiri, BRI), 3) Enter amount in IDR, 4) Complete payment. XM processes e-wallet deposits instantly.

Yes! All major brokers support withdrawals to Indonesian banks like BCA, Mandiri, BRI, and BNI. Exness offers instant bank transfers. Most brokers process within 24-48 hours.

Minimum deposits vary: Exness and HFM have zero minimum, XM accepts Rp75,000 ($5), and OctaFX requires Rp400,000 ($25). Bappebti brokers typically require Rp100,000-500,000 minimum.

Exness and HFM have zero minimum deposit requirements. XM follows with Rp75,000 minimum. For Bappebti-regulated brokers, local options may have higher minimums around Rp100,000-500,000.

Yes! With Rp100,000 (about $6), you can open accounts with Exness, HFM, or XM. For proper risk management, we recommend starting with at least Rp500,000-1,000,000.

Yes! All major brokers offer swap-free Islamic accounts for Indonesian Muslim traders including XM, Exness, HFM, OctaFX, FXTM, and RoboForex. These accounts comply with Shariah principles by not charging overnight swap interest.

Forex trading can be halal if done through Islamic/swap-free accounts that don't charge overnight interest. Many brokers offer Shariah-compliant accounts for Indonesian Muslims. Consult a religious authority (MUI) for specific guidance.

To start forex trading in Indonesia: 1) Learn basics through free courses, 2) Choose a regulated broker like XM or Exness, 3) Open a demo account to practice, 4) Deposit via GoPay/OVO (Rp100,000-500,000), 5) Start with EUR/USD. XM offers education in Bahasa Indonesia.

The best forex apps for Indonesian traders are MT4 and MT5 (from all major brokers), the XM app with Bahasa Indonesia support, and the Exness Trader app. These support GoPay/OVO deposits and Indonesian banks.

Exness and IC Markets offer the best MT4 experience in Indonesia with fast execution and full EA support. XM and HFM also provide reliable MT4 with Indonesian bank integration.

Yes! All major brokers offer MT5 in Indonesia including XM, Exness, HFM, FXTM, and RoboForex. MT5 has more timeframes, order types, and a built-in economic calendar.

Exness, HFM, and FP Markets have the lowest spreads in Indonesia with EUR/USD from 0.0 pips on Raw/Pro accounts. These accounts charge a small commission per lot traded.

The European session (2:00 PM - 10:00 PM WIB) and US session (7:30 PM - 4:00 AM WIB) offer the most liquidity. The London-New York overlap (7:30 PM - 10:00 PM WIB) is optimal for EUR/USD and GBP/USD.

HFM's HFCopy and FXTM Invest are the best copy trading platforms for Indonesian traders. OctaFX also offers popular copy trading features. You can copy successful traders with as little as $100.

Top Forex Brokers in Indonesia

1
XM logo
XM
2
Exness logo
Exness
4
HFM logo
HFM
5
FXTM logo
FXTM
6
RoboForex logo
RoboForex

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Information on this website is for educational and comparison purposes only. This does not constitute financial, investment, or trading advice. How we rank brokers →

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Broker availability depends on your country of residence. Some brokers may not accept clients from certain jurisdictions including the USA, Canada, Japan, and others. The comparison table on this page shows country acceptance status. Please verify availability with the broker directly before proceeding.

Independent Analysis

Rankings based on verified data and hands-on testing. See our methodology →

Data Verified

January 2026