CFDs are leveraged products and 73% of retail traders lose money when trading CFDs.Cryptocurrencies can widely fluctuate in prices and are not appropriate for all investors. Trading cryptocurrencies is not supervised by any EU regulatory framework. Rankings are influenced by affiliate commissions. All information collected on 1/11/2017.

The Ultimate Guide to

Choosing a Broker
For Indonesia

Not sure which broker is right for you?

Don’t worry - we’ve got you covered. In this guide, you’ll learn:


Part 1

Why Choose
For Indonesia?

scored best in our review of the top brokers for indonesia, which takes into account 120+ factors across eight categories. Here are some areas where scored highly in:

  • + years in business
  • Offers + instruments
  • A range of platform inc.
  • 24/7 customer service
  • Tight spreads from pips
  • Used by 0+ traders
  • Offers demo account
  • 0 languages

offers one way to trade. If you wanted to trade EURUSD

The two most important categories in our rating system are the cost of trading and the broker’s trust score. To calculate a broker’s trust score, we take into account a range of factors, including their regulation history, years in business, liquidity provider etc.

have a trust score, which is . This is largely down to them being regulated by , segregating client funds, being segregating client funds, being established for over

Trust Score comparison

Trust Score
Year Established
Regulated by
Uses tier 1 banks
Company Type Private Private Private
Segregates client funds

The second thing we look for is the competitiveness of the spreads, and what fees they charge. We’ve compared these in detail in part three of this guide.

Part 2

Who is (& Isn’t)
Suitable For

As mentioned, allows you to trade in one way: .

Suitable for:

  • Spread Betting
  • CFD Trading
  • Forex Trading
  • Social Trading

Not Suitable for:

To trade with , you’ll need a minimum deposit of $. offers a range of different account types for different traders including a , .

Finally, isn’t available in the following countries: . They do not offer islamic accounts .

Part 3

A Comparison of vs. vs.

Want to see how stacks up against and ? We’ve compared their spreads, features, and key information below.

Spread & fee comparsion

The spreads below are illustrative. For more accurate pricing information, click on the names of the brokers at the top of the table to open their websites in a new tab.
Fixed Spreads
Variable Spreads
EUR/USD Spread
GBP/USD Spread
USD/CAD Spread
USD/JPY Spread
DAX Spread
FTSE 100 Spread
S&P500 Spread

Comparison of account & trading features

Base currency options
Funding options
Micro account
ECN account

Part 4


AvaTrade are one of the leading online financial brokers. Founded in 2006, the company have significantly grown over the years and have attracted around 200,000 customers worldwide. Their brokerage services are available to clients in many Asian countries, including Indonesia. They are a multinational company with offices in various locations around the world. AVA Trade Ltd are internationally regulated by the BVI Financial Services Commission. The company’s website is available in over 15 different languages, including English, which is widely spoken in the region. Customer helplines are available in China, Malaysia, Hong Kong, Korea, Singapore, and Taiwan.

AvaTrade’s website offers comprehensive educational materials and tools for traders, with a dedicated platform for accessing them, known as SharpTrader. These resources include free webinars, eBooks, market indicators, articles, and educational videos. Through the AvaTrade platforms, customers can access more than 250 financial instruments across diverse markets such as indices, stocks, commodities, cryptocurrencies, and bonds. Customers can also trade in Forex through the MetaTrader 4 platform. A notable feature of AvaTrade is that it offers Islamic accounts for customers based in Muslim countries such as Indonesia. Islamic accounts are free of interest-based fees, as such fees and transactions are not allowed by the Islamic faith.

All of the trading platforms offered by AvaTrade are accessible via both web browsers, and as apps on mobile devices. Traders can start with a free 21-day demo account in order to polish their trading skills and to help them decide which of the AvaTrade platforms will be the most suitable. Customers in Indonesia can deposit funds using e-wallet providers such as PayPal and Neteller. Deposits can also be accepted via wire transfer and credit/debit card, with a minimum deposit amount of US$100. Base currencies for the account can also be GBP, EUR or AUD.


XTB (formerly X-Trade) were established in 2002 as pioneers of Foreign Exchange leveraged trading services in Poland. Their main office base remains in Warsaw, however their services have since extended across Europe, and they are now an international broker with offices around the world. Their wide range of markets give retail traders the opportunity to enter some of the world’s most important markets, wherever they are located.

Branch offices are located in Germany, France, Turkey, and Belize, amongst other countries. Their financial conduct is closely monitored by regulatory authorities which include KNF, FCA, BaFin, and CMB. Traders from Indonesia are offered an international version of the XTB website, which is provided by XTB International Limited (XTB), and regulated by the International Financial Services Commission in Belize. The website is in English, however support for a range of different languages is provided for XTB clients, including French, Spanish and Italian.

XTB are highly rated by socially active clients. As XTB are making use of the latest technology available, their trading services are amongst the most advanced in the world. Traders are offered some of the most proactive trading features through their two platforms, the proprietary xStation 5 which is an award-winning platform with many advanced features; and MT4, which is used by the industry around the world, and is provided with enhanced features from XTB.

XTB believe in establishing long-term relationships with their client base, helping them to meet their trading goals. Each individual is offered access to a personal account manager and customer support is available around the clock.

Clients from Indonesia can select from two different account levels, a standard account, or a pro account. Each can be funded using bank transfers, debit and credit cards, or ePayments.

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