Live coverageID · forex market
Forex brokers in Indonesia: BAPPEBTI rules, but most trade overseas.
Indonesia has the most aggressive retail forex regulation in SEA — BAPPEBTI requires licensed brokers, locks margin to specific levels, and bans unlicensed promotion. Most active retail traders ignore this and use overseas brokers anyway. We're tracking both.
Available to ID traders
41
accept residents
On our list
6
ranked for Indonesia
BAPPEBTI-licensed
5
locally regulated
Leverage cap
1:200 (BAPPEBTI)
retail
Top payment
Bank wire
Currency
IDR
41 brokers accept Indonesia residents. 5 of those hold a local BAPPEBTI licence. We currently track and rank 6 for Indonesia below.
Best in Indonesia
Browse all 66 brokers ranked for Indonesia.
From 41 that accept ID residents — the ones we track, scored and sorted by Trust Score.
1
EX
ExnessFeatured
EUR/USD 0.2 typ. · $10 min · 1:2000
93
FCACySEC
2
HF
HFM
EUR/USD 0.3 typ. · $0 min · 1:1000
85
FCACySEC
3
OC
OctaFXFeatured
EUR/USD 0.8 typ. · $25 min · 1:500
82
CySECFSCA
4
XM
XM Group
EUR/USD 0.8 typ. · $5 min · 1:1000
82
CySECASIC
5
FB
FBS
EUR/USD 0.5 typ. · $1 min · 1:3000
74
CySECIFSC
6
ON
OnFin
EUR/USD 0.1 typ. · $1 min · 1:3000
63
MISA
| # | Broker | Trust | EUR/USD | Min dep. | Leverage | Regulators | 30d | |
|---|---|---|---|---|---|---|---|---|
| 1 | EX ExnessFeatured Est. 2008 · MT4 | 93 | 0.2 | |||||
| 2 | HF HFM Est. 2010 · MT4 | 85 | 0.3 | |||||
| 3 | OC OctaFXFeatured Est. 2011 · MT4 | 82 | 0.8 | |||||
| 4 | XM XM Group Est. 2009 · MT4 | 82 | 0.8 | |||||
| 5 | FB FBS Est. 2009 · MT4 | 74 | 0.5 | |||||
| 6 | ON OnFin Est. 2015 · MT4 | 63 | 0.1 |
Cross-references for Indonesia
Questions traders in Indonesia ask.
Why don't more brokers have BAPPEBTI licenses?
Licensing is expensive, the local market is fragmented, and BAPPEBTI's 1:200 cap is uncompetitive against overseas 1:500. Most brokers prioritize the offshore retail flow.
Will localized content come?
Yes — Indonesian translation is on the V3 roadmap (months 6–12 post-launch). For now this site is English-only.