Indonesia · Phase 2 (localization pending)
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.
Brokers
41
Top regulator
BAPPEBTI
Top payment
Bank wire
Leverage cap
1:200 (BAPPEBTI)
Currency
IDR
Best in Indonesia
All 55 brokers serve Indonesia.
1EX
ExnessFeatured
EUR/USD 0.1 · $10 min · 1:2000
93
FCACySEC
2HF
HFM
EUR/USD 0.3 · $0 min · 1:1000
85
FCACySEC
3OC
OctaFXFeatured
EUR/USD 0.2 · $25 min · 1:500
82
CySECFSCA
4XM
XM Group
EUR/USD 0.6 · $5 min · 1:1000
82
CySECASIC
5FB
FBS
EUR/USD 0.5 · $1 min · 1:3000
74
CySECIFSC
| # | Broker | Trust | EUR/USD | Min dep. | Leverage | Regulators | 30d | |
|---|---|---|---|---|---|---|---|---|
| 1 | EX ExnessFeatured Est. 2008 · MT4 | 93 | 0.1 | |||||
| 2 | HF HFM Est. 2010 · MT4 | 85 | 0.3 | |||||
| 3 | OC OctaFXFeatured Est. 2011 · MT4 | 82 | 0.2 | |||||
| 4 | XM XM Group Est. 2009 · MT4 | 82 | 0.6 | |||||
| 5 | FB FBS Est. 2009 · MT4 | 74 | 0.5 |
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.