The Best Stock Brokers and Trading Platforms in Indonesia

Investing in stocks in Indonesia is popular among traders. It is a high-risk venture that requires the right strategies and dedication. With so many stock brokers in the market, Indonesians are spoilt for choice. That is why we took it upon ourselves to research the best stock brokers in Indonesia to make your choice easier.  

Our team of researchers spent approximately 200 hours researching and testing these brokers to bring you the best of the best. All the brokers you find in this guide are reputable and safe to invest in. You also stand a chance of enjoying a variety of offerings, including competitive spreads and user-friendly trading platforms. 

Whether you are a beginner looking for the best stock broker, or an expert wanting to change broker in Indonesia, you need to read our guide below. Here, we recommend the best stock brokers that have undergone thorough testing and reviewing. So, without further ado, let’s get into it. 

Best Stock Brokers in Indonesia

eToro
CMC Markets
Pepperstone

Commission

Withdrawal Fee

€25

0%

0

Minimum Deposit

€100

€0

200

Time to Withdraw

1 Day

1 Day

1-3 days

How Many Currency Pairs

47

300

9

Mobile App

24/7 Support

Regulation

CySEC

ASIC

ASIC, FCA, DFSA, SCB, CMA, CySEC, BaFIN

Based in

Israel

the UK

Melbourne

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs

Our extensive research has led us to conclude that the best stock brokers in Indonesia are eToro, CMC Markets, and Pepperstone. These brokers are regulated by tier-one financial authorities, including the Financial Conduct Authority (FCA) and the Australian Securities and Investments Commission (ASIC). They are also legally authorised to offer their services in Indonesia by the Badan Pengawas Perdagangan Berjangka Komoditi (BAPPEBTI), commonly known as the Commodities and Futures Trading Regulatory Agency (CFTRA).

These brokers are also hailed for their innovative trading platforms. For example, eToro boasts of a social and copy trading platform where investors can socialise and copy trades from the experts. 

Additionally, these stock brokers offer a wide range of online securities, and their mobile trading platforms are also reliable.

We can’t forget the customer support that our recommended stock brokers have. We contacted them during our research and they were very responsive, with excellent communication skills. We also noticed that they offer their services in various languages, including Bahasa Indonesia.

Although our recommended stock brokers have varying trading charges, creating an account on their platform is easy and takes just a few minutes to complete. They also have demo accounts where you can experiment and see if their offerings suit your trading requirements, before making a commitment

Best Free Stock Brokers in Indonesia

eToro
Markets.com
Plus500

Commission

$ 0

Withdrawal Fee

€25

$0

€0

Minimum Deposit

€100

100$

€100

Time to Withdraw

1 Day

2 to 8 days

1-3 Days

How Many Cryptocurrencies

16 (plus pairs)

12 (CFD)
Availability subject to regulation

Platform

eToro + eToroX

Marketsx, Marketsi, MT4 and MT5

Plus500

Mobile App

24/7 Support

Regulation

CySEC

CySEC

FCA, CySEC, ASIC, MAS

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs

If you are looking for a stock broker in Indonesia with free trading costs on stocks, then these three are the brokers you need to consider. Besides being regulated by the top-tier authorities, their trading platforms have the best online presence that is easy-to-use and customisable. 

Although there is no free stock broker in the trading industry, our recommended brokers are cheap to trade with, compared to other brokers in Indonesia. Their demo accounts are also free to use, where you can practice and perfect your trading strategy, before trading with real money.

There is no commission charged on stocks when you trade with our recommended brokers. However, they do charge spreads, which may vary according to the broker’s offerings. When it comes to real trades and cryptocurrencies, these brokers will let you leverage (i.e., borrow money from a broker to trade). 

Additionally, traders need a broker with a reliable mobile application. The above-mentioned brokers all have highly-rated mobile applications for Android and iOS mobile devices, so that you can monitor your trades anytime, anywhere.  

Best Stock Trading Platforms for Beginners in Indonesia

eToro
Plus500
Markets.com

Commission

$ 0

Withdrawal Fee

€25

€0

$0

Minimum Deposit

€100

€100

100$

Time to Withdraw

1 Day

1-3 Days

2 to 8 days

How Many Cryptocurrencies

16 (plus pairs)

12 (CFD)
Availability subject to regulation

Platform

eToro + eToroX

Plus500

Marketsx, Marketsi, MT4 and MT5

Mobile App

24/7 Support

Regulation

CySEC

FCA, CySEC, ASIC, MAS

CySEC

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs

Novice investors in Indonesia need the best trading platforms that offer a wide range of market instruments. Whether you wish to invest locally or internationally, eToro, Plus500, and Markets.com have got you covered. Their trading platforms are easy-to-use and they all offer various educational and resource tools that contribute to improving your trading strategy. 

During our research, we also looked into the credibility of these trading platforms, and we must admit that they are among the safest to invest in. 

All of our recommended brokers are licensed and regulated by tier-one authorities.They are also legally authorised to offer their services to Indonesian traders by the Commodities and Futures Trading Regulatory Agency (CFTRA).

Creating a live account with our recommended stock brokers is straightforward. The incredible features these trading platforms have are also available on their mobile applications. This makes it easier for you to monitor your trades and stay updated with trading news as they arise.  

Best CFD Stock Brokers in Indonesia

Plus500
eToro
IG Markets

Spread for Bitcoin

Variable

0.75%

6 pips

Spread for USD/EUR

Variable

3 pips

1 pip

Spread on Amazon

Variable

0.09%

Min. $2

Commission

Withdrawal Fee

€0

€25

0%

Minimum Deposit

€100

€100

$250

Time to Withdraw

1-3 Days

1 Day

1-3 Days

How Many Cryptocurrencies

12 (CFD)
Availability subject to regulation

16 (plus pairs)

How Many Currency Pairs

70+ (CFD)

47

80+

How Many Stocks

1,500+ (CFD)

1,000+

12,000+

Platform

Plus500

eToro + eToroX

MetaTrader 4 + DMA

Mobile App

24/7 Support

Regulation

FCA, CySEC, ASIC, MAS

CySEC

ASIC

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs

CFD stock trading is a risky investment that requires dedication, and of course, a good stock broker. Finding the best broker for CFDs can be challenging. This is why we went above and beyond to research the best stock brokers in Indonesia to share them with you. 

These CFD brokers not only offer the best social and copy trading platforms, but they also provide competitive stock and share trading charges.

 You can also take advantage of the local and international market assets that our recommended brokers offer. 

We understand that the majority of Indonesian traders are Muslims. That’s why we  based our research on brokers with Islamic or swap-free trading accounts. These brokers also have a reliable customer support service that will be at your beck and call, should you have any issues.  

Best Stock Brokers for Day Trading in Indonesia

Plus500
IG Markets
CMC Markets

Spread on Amazon

Variable

Min. $2

0.08%

Commission

Withdrawal Fee

€0

0%

0%

Minimum Deposit

€100

$250

€0

Time to Withdraw

1-3 Days

1-3 Days

1 Day

How Many Cryptocurrencies

12 (CFD)
Availability subject to regulation

12 (plus pairs)

How Many Currency Pairs

70+ (CFD)

80+

300

How Many Stocks

1,500+ (CFD)

12,000+

9000+

Platform

Plus500

MetaTrader 4 + DMA

MT4 + DMA

Mobile App

24/7 Support

Regulation

FCA, CySEC, ASIC, MAS

ASIC

ASIC

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs

Day trading requires dedicated investors, since it involves multiple trades daily. With reliable and safe brokers, like the ones we recommend above, your chances of making a profit day trading increases. 

One thing that makes our recommended brokers stand out as the best for day trading is their commission-free charges on financial assets. This is an advantage to day traders because they can effectively execute multiple trades in a day without incurring a lot of costs.

There are also various financial instruments with the brokers above, including FX, currency pairs, shares, commodities, cryptocurrencies, ETFs, and indices. 

Ultimately, the best stock brokers in Indonesia are regulated by tier-one authorities, including the Australian Securities and Investments Commission (ASIC) and the Financial Conduct Authority. Most importantly, their activities in Indonesia are overseen by the Commodities and Futures Trading Regulatory Agency (CFTRA).

Best Easy-to-Use Stock Trading Platforms in Indonesia

Plus500
eToro
Pepperstone

Commission

Withdrawal Fee

€0

€25

0

Minimum Deposit

€100

€100

200

Time to Withdraw

1-3 Days

1 Day

1-3 days

How Many Currency Pairs

70+ (CFD)

47

9

Mobile App

24/7 Support

Regulation

FCA, CySEC, ASIC, MAS

CySEC

ASIC, FCA, DFSA, SCB, CMA, CySEC, BaFIN

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs

There are many stock trading platforms in Indonesia that are easy-to-use, but these three top the list. Whether you are a novice trader or veteran, our recommended stock trading platforms have something for you. This means that they are customisable, and you can quickly make your deposits using debit/credit cards, bank transfers, and e-wallet. 

An easy-to-use trading platform must also have reliable customer support. These brokers did not disappoint in that area. We contacted each support service during our research, and the response was impressive. They are also available in various languages, including Bahasa Indonesia.

You will never find stringent requirements when downloading software on these brokers’ trading platforms. This is because their arenas are directly from their main trading sites. The mobile applications are also available to trade with and can be accessed on both Android and iOS mobile devices. 

We advise you to try the best easy-to-use stock trading platforms in Indonesia by using their demo accounts first. With this type of account, you will be able to experience how the live trading account works, before committing yourself. 

Best ETF Brokers in Indonesia

IG Markets
eToro
Plus500

Spread for Bitcoin

6 pips

0.75%

Variable

Spread for USD/EUR

1 pip

3 pips

Variable

Spread on Amazon

Min. $2

0.09%

Variable

Commission

Withdrawal Fee

0%

€25

€0

Minimum Deposit

$250

€100

€100

Time to Withdraw

1-3 Days

1 Day

1-3 Days

How Many Cryptocurrencies

16 (plus pairs)

12 (CFD)
Availability subject to regulation

How Many Currency Pairs

80+

47

70+ (CFD)

How Many Stocks

12,000+

1,000+

1,500+ (CFD)

Platform

MetaTrader 4 + DMA

eToro + eToroX

Plus500

Mobile App

24/7 Support

Regulation

ASIC

CySEC

FCA, CySEC, ASIC, MAS

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs

Trading exchange traded funds (ETFs) in Indonesia is a great way to start your investment journey. Having the best ETF brokers in your corner may go a long way in increasing your chances of making a profit. The above-recommended brokers are not only the best in ETF trading, but they are also safe to invest in. This means that they are licensed and regulated by the strictest financial regulators in the industry. 

To invest in ETF trading, you need a reliable trading platform, like our recommended brokers’.

With these three, you can leverage by borrowing money from your broker to trade with. This gives you even a better opportunity to speculate the fortunes of an entire market sector. 

A good thing about our recommended brokers is that they have hundreds of ETF offerings, including index and commodity ETFs. With user-friendly and highly intuitive ETF trading platforms, you can create custom technical indicators. Give these award-winning brokers a try and let your trading experience begin. 

What Makes a Good Stock Broker & Platform in Indonesia?

Stocks trading in Indonesia is a high-risk investment that needs dedication. To be a successful stock investor, you need to be skillful and knowledgeable on how trading works. You also need to find a trusted stock broker that meets your trading requirements. Below are what you need to look out for when choosing a stock broker and platform in Indonesia:

Safety

When looking for a stock broker, make sure that they are legally authorised to offer their services in Indonesia. These brokers must be regulated by tier-one financial authorities, such as the UK’s Financial Conduct Authority (FCA) and the Badan Pengawas Perdagangan Berjangka Komoditi (BAPPEBTI) in Indonesia, commonly known as the Commodities and Futures Trading Regulatory Agency (CFTRA).

Trading platform

A stock broker’s online presence will determine how you trade. Choosing a trading platform that is fast and reliable is essential, especially if you are a frequent investor. The broker should also be available at all times so that your time is not limited. Additionally, the trading platform should be adjustable to suit all investors. 

Trading fees

Havin g a budget for your investment is essential when choosing a stock broker. Most brokers, including the ones we recommend above, charge different trading and non-trading fees. 

You will find some with high charges, while others will have lower charges. Therefore, consider an affordable broker. 

Islamic account

Over 80% of the Indonesian population practice the religion of Islam. Therefore, you need to find a stock broker that offers a swap-free or Islamic trading account. This prevents you from going against Sharia law.  

Customer service

The best stock broker should have reliable customer service. The level of service you receive from a broker should reflect its trustworthiness and willingness to serve clients fully. Consider customer support that is not only responsive to your inquiries or requests, but also communicates in various languages, including Bahasa Indonesia. 

Additional services

Finding a stock broker offering additional services, such as educational and resource tools, is another factor you should consider when choosing a broker. Whether you are a beginner or an experienced trader, the additional services will help you learn, thereby contributing to crafting your trading strategies. 

How we Research Stock Brokers in Indonesia

Online stock brokerage in Indonesia has become competitive. With so many brokers in the market, investors find it challenging to choose the best broker. That is where we come in. Our team of experienced professionals leave no table unturned to ensure we deliver accurate results, without being biased. So, how do we research these brokers in Indonesia? Read on. 

Researching online stock brokers is not an easy task. It usually takes us approximately 200 hours to get the best results. This is because we put each broker through multiple tests, and on top of that, we review thousands of honest user opinions on Google Play and the App Store. Only then are we able to share our findings here with you.

Safety is of utmost importance, and that’s the first thing we note when recommending brokers. If a broker is not licensed and reputable, it will never make it to our recommended brokers list. 

The best stock brokers must be licensed by tier-one financial authorities, including the Financial Conduct Authority (FCA) and the Australian Securities and Investments Commission (ASIC).To ensure that they allow Indonesian clients, we confirm if they are also regulated by Indonesia’s Commodities and Futures Trading Regulatory Agency (CFTRA).

Our expert researchers are professional traders with live trading accounts in some of the brokers we recommend here. We begin to test the brokers by creating demo or free trial accounts on their trading platforms. 

While trading, we check how the trading platforms work, market securities, payment methods, customer support services, and languages available. We then shortlist our favourites and subject them to further multiple tests. Once we have our final result, we combine it with the user’s reviews to ensure our readers have the best of the best brokers to choose from.

Tested Platforms & Brokers - And By Who
  • eToro
  • Markets.com
  • 24Option
  • IQ Option
  • BDSwiss
  • HotForex
  • Trade.com
  • Libertex
  • Plus500
  • XTB
  • InstaForex
  • IG Markets
  • GKFX
  • LionsFX
  • Valutrades
  • XM
  • IronFX
  • Blackwellglobal
  • FPmarkets
  • Amana Capital
  • Admiral Markets
  • Alvexo
  • Bizintra
  • Pepperstone
  • Windsorbrokers
  • HYCM
  • ForexTime
  • FXPro
  • FXGrow
  • AAAtrade
  • Markets
  • IFC
  • iForex
  • FXCM
  • Markets
  • CMC
  • LCG
  • Forex.com
  • Oanda
  • FXCC
  • Finmaxbo
  • Marketscube
  • Trader.online
  • Teletrade
Adam Jarfjord
Senior Editor
With several years of experience writing financial copy combined with an avid interest in forex trading, Adam possesses a superb understanding of the industry.

FAQs

Can foreigners buy stocks in Indonesia?
Yes. The easiest way for a foreigner residing in Indonesia to buy stocks is by using a foreign stock broker. Make sure that the broker is safe for use and that its services match your trading requirements. You can find most of the safe brokers in our mini-reviews above.
How do I buy stocks in Indonesia?
You need to find a safe stock broker that suits your investment requirements. Once you create a trading account and make your deposit, you will have access to various stock market assets and then you can start trading.
What happens if your broker goes bust?
With many regulatory authorities controlling the brokerage firms, your investment is safe should a stock broker go bust. Stock brokers are not allowed to access funds from your trading account. Therefore, it is easy to transfer your account to another broker, in the case of such an incident.
Are stock brokers safe?
Investing in stock brokers is safe, only if they are licensed and regulated by the top regulatory authorities, such as the Financial Conduct Authority (FCA).
Can I buy U.S. stocks in Indonesia?
Yes. It's easy to buy U.S. stocks in Indonesia if the broker you are using has access to the U.S. equities. With such brokers, you can register as a non-resident investor and start trading.
Can I use Robinhood in Indonesia?
No. Unfortunately, Robinhood does not support trading in Indonesia. However, there are other better options for stock brokers to choose from—most of which we recommend in our mini-reviews above.
Do I have to pay taxes on stocks in Indonesia?
While traders in Indonesia are only allowed to invest with regulated brokers, stock trading is considered a business. Therefore, you must pay taxes on any profits made trading stocks in Indonesia.

Conclusion

Indonesian investors are spoilt for choice when it comes to choosing the best stock brokers. With technology constantly advancing, new brokerage firms are also introduced into the trading market. Therefore, the easiest way to go about this is by choosing our recommended stock brokers that have undergone thorough testing and reviewing. 

Although having the best stock broker that suits your trading needs is a step towards successful investing, you need to be knowledgeable and strategic to succeed. Set a budget or trading capital and know which market assets you wish to invest in. With this in mind, you may have a higher chance of succeeding as a stock investor in Indonesia. 

Additionally, if you are looking for the best stock broker in Indonesia, then you must consider the customer support service. This mostly applies to novice investors who are still amateurs on how trading works. If they care for their investors’ trading needs, as they should, the broker’s customer support should be very responsive to any issues that arise. 

Ultimately, feel free to test our recommended brokers by using their demo or free trial accounts. See if their offerings align with your trading requirements, before making a commitment. 

Note: If you have any questions or comments concerning our best stock brokers in Indonesia, trading, or anything on our website, do not hesitate to leave a message below. We promise to reply as soon as possible. 

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