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Based in Indonesia and looking to trade financial instruments online? If so – you’ll want to choose a top-rated provider that offers a diverse range of markets, low fees, tight spreads, and great customer service.

In this guide – we have done the hard work for you by reviewing the Best Trading Platforms Indonesia for 2021 as well as showing you how to open a brokerage account today.

67% of retail investors lose money trading CFDs at this site.

Best Trading Platform in Indonesia 2021 List

Below you will find an overview of the best online trading platform Indonesia right now. We review each and every provider further down.

  1. eToro – Overall Best Trading Platform Indonesia 2021 (0% Commission)
  2. Libertex – Best Broker Indonesia with ZERO Spread CFDs
  3. Capital.com – Best Trading Platform Indonesia for Beginners
  4. AvaTrade – Best Trading Platform Indonesia for Third-Party Tools
  5. Trading 212 – Best Trading Platform Indonesia for Micro Investments
  6. Skilling – Best Trading Platform Indonesia for Cryptocurrencies
  7. IG – Best Trading Platform Indonesia for Forex
  8. Pepperstone – Best Trading Platform Indonesia for Professionals
  9. XM – Best Trading Platform Indonesia for Leverage and Bonuses
  10. Interactive Brokers – Best Trading Platform Indonesia for Long-Term Investors

Best Trading Platforms Indonesia Reviewed

It is important that you do a bit of research in your hunt for the best trading platform Indonesia. For example, you need to ensure the platform offers low commissions and tight spreads, supports your preferred financial market, and of course – is regulated by a reputable body.

Below we review the 10 best trading platforms in Indonesia for 2021.

1. eToro – Overall Best Trading Platform Indonesia 2021 (0% Commission)

eToro Logo eToro is by far the best trading platform in Indonesia for a number of key reasons. Firstly, the platform is very simple to use – so it’s ideal for those of you with little to no experience of trading online. You will have access to a wide variety of financial markets – which includes more than 17 stock exchanges and 2,400 shares.

This includes exchanges located in Hong Kong, the US, France, the Netherlands, Sweden, the UK, and more. You can buy your chosen stock at a minimum investment of just $50. This is particularly useful when investing in companies like Amazon and Tesla – which currently trade at over $3,300 and $715 per share. If you’re interested in building a diversified portfolio, you might also consider an ETF at eToro.

etoro nigeria

Also tradable at just $50 per investment – this covers ETFs that track index funds, gold, dividend stocks, emerging market stocks, bonds, and more. You can also invest in cryptocurrencies such as Bitcoin, Ethereum, Ripple, and 13 others. Other supported financial instruments include hard metals (gold, silver, etc.), energies (crude oil, natural gas, etc.), and agricultural products (wheat, corn, etc.)

Perhaps the stand-out feature here at eToro is that the broker charges no trading commissions. This is the case across all of its supported markets – which is why eToro has now attracted over 20 million active traders. There is also the Copy Trading tool at eToro, which allows you to select a successful investor and mirror their portfolio. Anything that they buy, sell, or trade will be reflected in your own account – which allows you to trade passively.

Pros:

  • Super user-friendly trading platform with 20 million+ clients
  • Buy stocks without paying any commission or brokerage charges
  • 2,400+ stocks and 250+ ETFs listed on 17 international markets
  • Trade cryptocurrencies, commodities, and forex
  • Deposit funds with a debit/credit card, e-wallet, or bank account
  • Ability to copy the trades of other stock trading pros
  • Regulated by the FCA, CySEC, ASIC and registered with FINRA

/ What we don’t like:

  • Not suitable for advanced traders that like to perform technical analysis

67% of retail investors lose money trading CFDs at this site.

 

2. Libertex – Best Broker Indonesia with ZERO Spread CFDs

Libertex is an online CFD trading platform that offers a wide selection of markets. This is inclusive of stocks, indices, ETFs, index funds, hard metals, and energies. You can also trade a good number of major, minor, and exotic forex pairs.

We particularly like Libertex as the platform does not charge any spreads. Commissions are also very tight – typically sitting below 0.10% per slide. Libertex has been offering trading services for over two decades and it is regulated by CySEC.

libertex commodities

The broker allows you to trade online through your web browser or via MT4/MT5. Libertex also offers a mobile trading app that is compatible with Android and iOS. You can easily open an account here and the minimum deposit is just $100. Supported payment types include debit/credit cards, e-wallets, and bank transfers.

Pros:

  • Zero spread CFD trading
  • Very competitive commissions
  • Good educational resources
  • Long established broker
  • Trade stocks and indices like the Dow Jones
  • Compatible with MT4
  • Great choice of markets

Cons:

  • Only offers CFDs

83% of retail investor accounts lose money trading CFDs at this site.

 

3. Capital.com – Best Trading Platform Indonesia for Beginners

new capital.com logo Capital.com is a good option if you are looking for the best online trading platform for beginners. Much like eToro and Libertex, this broker gives you access to a live demo account as soon as you register.

This means that you can start trading without needing to make a deposit. Once you feel like you have the hang of online trading, Capital.com requires a minimum deposit of just $20. The platform – which is regulated by the FCA and CySEC – offers lots of tradable markets.

capital.com best commodity broker

This includes stocks from 18 different exchanges, forex, cryptocurrencies, ETFs, commodities, and more. All CFD instruments can be traded commission-free and during standard market hours – the spreads are very competitive. Capital.com offers its own user-friendly platform that comes with lots of educational tools. This includes guides, courses, and videos.

You also have the option of trading via MT4 – albeit, this is more suited for experienced traders. Capital.com offers two mobile apps – one that allows you to trade and another that comes packed with learning resources. You can deposit funds at this brokerage site with a debit/credit card, bank wire, or e-wallet.

Pros:

  • 0% commission on all markets
  • Low spreads
  • Thousands of CFD instruments
  • Spread betting for UK clients
  • Perfect for newbies
  • Minimum deposit of just $20

/ What we don’t like:

  • No traditional investments – CFD trading only
  • Not suitable for experienced traders

71.2% of retail investors lose money trading CFDs at this site.

 

4. AvaTrade – Best Trading Platform Indonesia for Third-Party Tools

AvaTrade is a popular online broker that specializes in CFD instruments. You can trade everything from stocks and forex to commodities and digital currencies – all on a commission-free basis. Spreads are super tight and there are no deposit, withdrawal, or ongoing platform fees.

This online broker is particularly popular with those that wish to install third-party tools. For example, you can trade via MT4 and MT5 – with AvaTrade offering full support for automated trading robots.

avatrde automated trading

AvaTrade also allows you to access your account via DupliTrade and ZuluTrade. The provider’s AvaTradeGO app is also popular – as this allows you to trade financial instruments while on the move. Your capital is protected at all times at AvaTrade, as the broker is regulated in six different jurisdictions.

Pros:

  • Zero commissions and tight spreads
  • Supports MT4/MT5
  • A great trading platform for automated trading
  • Regulated in several jurisdictions
  • No deposit or withdrawal fees
  • Low deposit requirement of just $100

/ What we don’t like:

  • No traditional investments
  • Charges inactivity fee

71% of retail investors lose money trading CFDs at this site

 

5. Trading 212 – Best Trading Platform Indonesia for Micro Investments

Trading 212 stock trading review

Looking to build a long-term portfolio of stocks but only have a small amount of capital? If so, Trading 212 is the best trading platform Indonesia for micro-investing. This is because you can invest in stocks and ETFs from just $1 – irrespective of the asset’s market price.

For example, by depositing just $50 – you could essentially build a basket of 50 different stocks. In total, Trading 212 offers more than 10,000 stocks and ETFs. Markets include the London Stock Exchange, NYSE, NASDAQ, and the Euronext Amsterdam. If you’re also interested in short-term trading, this broker offers a CFD facility.

what is trading 212

This is inclusive of markets on indices, forex, stocks, and commodities. You can apply leverage on your chosen CFD market and choose from a long or short position with ease. There is no minimum deposit amount at Trading 212 and supported payment types include Visa, MasterCard, Paypal, Skrill, Apple Pay, Google Pay, and a bank wire.

Pros:

  • Buy more than 10,000 shares and ETFs commission-free
  • No deposit or withdrawal fees
  • Very user-friendly
  • Regulated by the FCA
  • Trade CFDs with leverage
  • Mobile app supported on iOS and Android devices
  • Minimum investment just $1

/ What we don’t like:

  • 0.5% FX fee on CFD instruments not priced in your primary currency
  • Too basic for experienced trading pros

Your capital is at risk.

 

6. Skilling – Best Trading Platform Indonesia for Cryptocurrencies

Skilling logo Skilling is an online trading platform that offers CFD markets on lots of different assets. This covers stocks, indices, hard metals, energies, and forex. However, where Skilling really stands out is in the cryptocurrency department.

Here, you will have access to dozens of digital asset pairs. For example, there are crypto-to-fiat pairs like BTC/USD, LTC/USD, EOS/USD, and DASH/USD. If you prefer to access crypto-cross pairs, you might find yourself trading BTC/ETH.

skilling review

Either way, Skilling does not charge any trading commissions and all supported markets can be accessed with margin. This means that you can trade with more money than you have in your Skilling account. This popular broker – which is licensed by CySEC – allows you to trade via the Skilling web platform, iOS/Android app, MT4, or cTrader.

Pros:

  • More than 800 financial instruments
  • Commission-free share trading with tight spreads
  • Great for newbies
  • Supports algorithmic trading
  • Compatible with MT4 and cTrader
  • User-friendly mobile app for iOS and Android

/ What we don’t like:

  • Does not support ETF trading

Your capital is at risk when trading CFDs with this provider.

 

7. IG – Best Trading Platform Indonesia for Forex

IG is a trusted online trading platform that is home to over 17,000 markets. This covers thousands of stocks, funds, commodities, ETFs, and even managed portfolios. However, IG stands out when it comes to its forex trading facility – which is inclusive of over 80+ currency pairs.

All trading commissions are built into the spread at IG – with major pairs starting at just 0.6 pips. Retail investor accounts can access leverage of 1:30 on major pairs and 1:20 on minors/exotics. Forex can be traded 24 hours per day at IG – with the markets only closing between 10 pm Friday and 8 am Saturday.

ig forex trading

The native IG platform comes packed with forex trading tools – such as technical indicators and the ability to create custom charts. You can also trade via MT4 – both online and through desktop software. The minimum deposit at IG is $250 and you can instantly fund your account with a debit card. The platform is heavily regulated – so safety should be of no concern.

Pros:

  • Best trading platform for forex
  • More than 80 currency pairs offered
  • 17,000 markets supported
  • Spreads start at just 0.6 pips and no commissions charged
  • Trade on the IG website or via the app
  • MT4 is supported
  • More than four decades in the brokerage space
  • Easily fund your account with a debit card or bank transfer

/ What we don’t like:

  • A minimum deposit of $250
  • No traditional stocks or ETFs for US traders

Your capital is at risk.

 

8. Pepperstone – Best Trading Platform Indonesia for Professionals

peppERSTONE SPREAD BETTING Most of the best trading platforms Indonesia discussed on this page are suited to casual retail investors. However, if you are an experienced pro that typically trades larger volumes – consider Pepperstone.

This regulated broker offers several account types that allow you to get the best trading commissions and spreads in the market. For example, the Razor Account will get you zero spreads when trading major forex pairs – as you get direct access to other market participants. The commission on this account type is just $3.50 per slide.

pepperstone nigeria

The Professional Account at Pepperstone will get you access to leverage limits of 1:500 and 1:200 on forex and indices respectively. Other supported markets include stocks, hard metals, energies, and soft commodities. You can deposit funds at this FCA-regulated broker with a debit/credit card, Paypal, or bank wire.

Pros:

  • Compatible with numerous platforms
  • 0% commission accounts
  • Raw accounts for zero spreads
  • FCA licensed
  • Accepts PayPal

/ What we don’t like:

  • No proprietary platform
  • Doesn’t offer ETFs

71% of retail investors lose money trading CFDs at this site

9. XM – Best Trading Platform Indonesia for Leverage and Bonuses

XM MT5 XM is the best trading platform Indonesia if you seek access to high levels of leverage. This stands at a huge maximum of 1:888 – meaning that for every $10 staked you can trade with $8,888. The XM platform supports over 1,000 trading instruments across several CFD asset classes.

This includes markets on stocks, forex, commodities, precious metals, and energies. XM allows you to trade via MT4 and MT5 – online, through desktop software, and an Android/iOS app. This top-rated broker is also a good option if you like forex bonuses.

xm broker indonesia

For example, at the time of writing, XM is offering a 30% deposit bonus of up to $1,000. There are several account types to choose from – with the Cent Account offering commission-free trading. The XM Zero Account is more suited for those that want to access the best spreads in the market. The minimum deposit at XM is just $5.

Pros:

  • Trade more than 1,000 markets across 6 asset classes
  • A minimum deposit of just $5
  • No commissions on the Micro and Standard Accounts
  • No spreads on the XM Zero Account
  • Leverage offered on all CFD markets
  • Supports MT5

/ What we don’t like:

  • Regulated by CySec and not the FCA
  • No traditional investment assets

78.04% of retail investors lose money trading CFDs at this site.

 

10. Interactive Brokers – Best Trading Platform Indonesia for Long-Term Investors

interactive brokers logo

If you prefer long-term investing over short-term trading – Interactive Brokers is a great option. This established brokerage firm covers thousands of markets across 33 different countries. Whether you’re interested in stocks, ETFs, or mutual funds, this broker has you covered.

This is especially the case if you’re interested in US-based assets, as Interactive Brokers supports commission-free investments on stocks and ETFs listed on the NYSE and NASDAQ. There is no minimum deposit at Interactive Brokers either, which is perfect if you want to start off with small amounts.

Interactive Brokers review

Although the process of opening an account is a bit long-winded, it’s worth it for the sheer size of financial instruments that you can access. On top of conventional investment classes, you can also trade futures, options, forex, and CFDs. Interactive Brokers also allows you to invest in newly launched IPOs.

Pros:

  • Huge library of traditional stocks, index funds, and ETFs
  • Really advanced trading features and chart analysis tools
  • More than 135 markets across 33 countries
  • Trade CFDs, futures, options, forex, and more
  • No minimum deposit
  • Buy US-listed stocks and ETFs commission-free

/ What we don’t like:

  • Not suitable for newbie investors
  • Fee structure is a bit confusing

Your capital is at risk.

 

How to Choose the Best Trading Platform in Indonesia for You

Can’t decide which of the best trading platforms Indonesia is right for your investment goals? If so, you’ll want to do a little bit of research to ensure you pick a suitable broker. We would suggest focusing on supported asset classes, fees and commissions, spreads, and payments. You should also consider regulation, account types, and minimum deposits.

In the sections below we explore these key metrics in more detail to ensure you are able to choose the best trading platform Indonesia for you.

Regulation

All of the best trading platforms Indonesia that we reviewed on this page are regulated. Some of the most reputable bodies that regulate our top-rated brokers include the FCA (UK), SEC (US), ASIC (Australia), and CySEC (Cyprus). In choosing a trading platform that is authorized and licensed by at least one of the aforementioned bodies – your capital is in safe hands.

Account Types

If you are a follower of the Islamic faith – you will want to focus on a trading platform that offers a suitable account type. This is especially the case if you wish to trade financial derivatives such as CFDs – as there is interest involved when holding a position open overnight. eToro, for example, offers an Islamic account that that comes with no rollover fees and interest-free leverage.

Assets

You should have a think about the type of assets that you wish to access before choosing a broker. For example, if you want to create a long-term portfolio – you’ll likely want to choose a platform like eToro. This is because the provider allows you to invest in stocks and ETFs without paying any commission.

etoro markets

Alternatively, if you prefer to take a day trading or swing trading strategy – a broker that offers low-cost leveraged CFDs will be suitable. On top of eToro, the likes of Capital.com and Libertex allow you to trade CFDs on a commission-free basis.

Fees

When trading online, you will need to pay your broker a fee of some sort. At eToro, you can invest in assets and trade CFDs without paying any commission. There are no ongoing platform fees either – which means you can keep traditional assets in your portfolio for as long as you wish.

However, some of the trading platforms that we came across will charge you a dealing fee every time you buy or sell an asset. This sometimes comes as a flat fee (e.g. $10 per trade) or as a variable commission (e.g. 0.2% per slide). You should also have an understanding of what spreads you will be charged and whether any deposit/withdrawal fees are applicable.

Trading Tools & Features

You should also consider whether your chosen provider offers your preferred trading tool or feature. For example, the best trading platform Indonesia – eToro, offers a Copy Trading tool. This allows you to choose from thousands of verified traders and then copy their positions like-for-like.

Best Trading Platform in India

For example, if the trader short-sells IBM stocks – you’ll do the same. If the trader goes long on EUR/USD – again, you will do the same. Another popular tool is the Social Trading feature at eToro – which allows you to share and discuss market insights with other users.

User Experience

The best online trading platforms for beginners offer a superb user experience that starts from the very offset when you open an account and deposit funds. You should be able to browse and search for markets easily and be able to set up orders in a seamless manner.

Best Trading Platform in India

You can normally get a feel for the user experience of a brokerage platform by looking through its website. An even better way is to use the broker’s demo account facility – which we cover below.

Demo Account

Most of the best trading platforms Indonesia discussed on this page offer a demo account. All you need to do to gain access is register – meaning there is no requirement to deposit any funds. The demo account at eToro comes with a paper trading balance of $100,000.

You will have access to the very same market conditions as found in the real account. As such, not only do demo accounts allow you to practice trade in a risk-free manner, but you can also get a feel for the platform itself. Once you are confident the trading platform is right for your financial goals – you can upgrade to a real money account.

Mobile App

If you’re thinking about trading on the go – make sure you choose a broker that offers a mobile app for your respective operating model. Most of the best trading platforms Indonesia have built their own app for both iOS and Android devices. This not only allows you to enter and exit positions at the click of a button – but deposit/withdraw funds and perform research.

It is important that the trading app offers a great user experience – as investing via a smaller screen can be tedious if the application hasn’t been designed well.

Payments

The best online trading platforms for beginners allow you to deposit funds with a local payment type. For example, eToro allows you to transfer funds from an Indonesian bank account. The broker also supports debit and credit cards issued by Visa, Visa Electron, MasterCard, and Maestro.

If you use an e-wallet like Paypal or Neteller – this is also supported at eToro. Don’t forget – virtually all online trading platforms will convert your IDR deposit into USD. This will usually come with an FX conversion fee that can be as high as 3%. At eToro, however, the fee amounts to just 0.5%.

Customer Support

We found that the best online trading platform Indonesia offer customer support on at least a 24/5 basis. In some cases, this is through live chat.

How to Start with the Best Trading Platform in Indonesia

If you’re trading online for the first time but need some assistance, check out the step-by-step walkthrough below. We should you how to get started with commission-free broker eToro in less than 10 minutes!

Step 1: Open an Account

Visit the eToro website (online or via your mobile web browser) and open an account. You will need to provide some information about who you are – alongside your contact details.

eToro sign up

Your capital is at risk.

You will also be asked to upload a copy of your government-issued ID. This is part of the KYC (Know Your Customer) process that all regulated brokers follow.

Step 2: Deposit Funds

To start trading with real money you will need to make a deposit. At eToro, you can use your debit/credit card, transfer funds from your local bank account, or use an e-wallet like Paypal.

Step 3: Find a Market to Trade

Click on the ‘Trade Markets’ button on the left-hand side of your account dashboard. Then, click on the asset class that interests you. Supported markets at eToro include stocks, ETFs, crypto, commodities, and forex.

etoro demo account

You can use the search box at the top of the screen if you already know which asset you want to trade.

Step 4: Place a Commission-Free Order

You will now see an order box like in the image below – where we are trading Amazon stocks. As you can see, you need to enter your stake into the ‘Amount’ box. In this example, we are investing $500.

trade amazon stocks eToro

To confirm your commission-free trade, click on the ‘Set Order’; button.

Conclusion

Choosing the best trading platform Indonesia for your financial goals is crucial. As we have discussed, you need to consider everything from supported markets and commissions to spreads and payment types. We found that overall – eToro is the best trading platform Indonesia for 2021.

The broker allows you to trade thousands of assets without paying any commissions, spreads are low, and you can easily deposit funds with a debit/credit card or e-wallet. Plus, eToro is heavily regulated – you can be sure you are trading in a safe and secure environment.

eToro – Best Trading Platform Indonesia with 0% Commission

Your capital is at risk.

67% of retail investor accounts lose money when trading CFDs with this provider.

 

FAQs

What is the best online trading platform in Indonesia?

eToro came out on top as our best trading platform in Indonesia. You will be able to trade commission-free at this regulated broker and spreads are very tight. You can trade cryptocurrencies from just $25 per order and $50 on other asset classes. Plus, opening an account takes just minutes!

Is online trading legal in Indonesia?

Yes, online trading is legal in Indonesia. There are dozens of international brokers and trading platforms that accept traders from Indonesia - most of which are heavily regulated.

How do you trade forex online in Indonesia?

To trade forex online in Indonesia, you will need to choose a top-rated broker. eToro allows you to trade 49 different currency pairs on a commission-free basis.

How do you deposit funds into a trading platform in Indonesia?

The best trading platforms allow you to deposit funds with a local payment method. This includes a bank transfer, debit/credit card payment, and sometimes e-wallets like Paypal.

How much leverage can you get in Indonesia?

There are no leverage limits in Indonesia - even for retail investor accounts. Some brokers offer in excess of 1:1000 - albeit, always tread with caution when trading with high levels of leverage.

What is the best trading platform app Indonesia?

If you want to trade assets on the move - the eToro investment app is available on both iOS and Android. You can invest and trade at the click of a button on a 100% commission-free basis.

How do you trade the Indonesian rupiah?

You can trade the Indonesian rupiah against the US dollar (USD/IDR) at IG.

 

About Kane Pepi
About Kane Pepi

Kane Pepi is a British researcher and writer that specializes in finance, financial crime, and blockchain technology. Now based in Malta, Kane writes for a number of platforms in the online domain. In particular, Kane is skilled at explaining complex financial subjects in a user-friendly manner. Kane has also written for websites such as MoneyCheck, InsideBitcoins, Blockonomi, Learnbonds, Buysharesand the Malta Association of Compliance Officers.

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