The Best Trading and Investment Apps in Indonesia

Trade online with regulated broker apps on your phone! Here are the best trading and investment apps in Indonesia for 2021

Indonesia has a rather young but exciting online trading market. With a growing number of trading and investment apps in Indonesia, trading has become more accessible than ever before.

We’ve done our due diligence and have tested every trading app in Indonesia just to list the best of the best for you in this article

Best Trading Apps in Indonesia

eToro
AvaTrade
FOREX.COM

Spread on Amazon

0.09%

1 pips

Depend on market

Commission

Depend on asset

Withdrawal Fee

€25

€0

0

Minimum Deposit

€100

€100

$250

Time to Withdraw

1 Day

1+ Day

1-3 Days

How Many Stocks

1,000+

90

220 (as CFDS)

Platform

eToro + eToroX

MT4, MT5 & AvaTradeGo

Forex/MT4

Mobile App

24/7 Support

Regulation

CySEC

Central Bank of Ireland

Cysec, FCA

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

Best Trading Apps in Indonesia

The best trading apps in Indonesia are trading apps developed by three of the world’s absolute top online brokers. Even though these apps share a lot of similarities, they are also fundamentally different with their own unique features.

For example, eToro has the best copy trading platform on the market, which provides innovative ways to trade using your mobile device.

AvaTrade is the ultimate trading app for those who prefer automated trading, forex robots, and intuitive alarms.

Lastly, Forex.com has one of the best forex trading apps that we’ve ever come across. It’s easy to use for beginners, but also offers advanced trading tools for more experienced forex traders.

Best Investment Apps in Indonesia

IBRK
IG Markets
Saxo Bank

Commission

Withdrawal Fee

1 free withdrawal/month

0%

0

Minimum Deposit

€100

$250

10 000

Time to Withdraw

3 days

1-3 Days

1 day

Mobile App

24/7 Support

Regulation

FCA

ASIC

FCA FSA FSMA ASIC MAS FINMA

Based in

United States

The UK

Copenhagen

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

Best Investment Apps in Indonesia

When looking for a good investment app, there are certain factors that you have to pay close attention to. For instance, if you want to invest traditionally, you need to find an investment app in Indonesia that supports long-term investments.

You’ll also need an app with the right type of instruments, ie. lots of stocks, options, ETFs, and even commodity futures.

This is important since currency pairs, as an example, are not very suitable for long-term investments.

The best investment apps are naturally legal to operate in Indonesia, with all the applicable licenses and permissions. But perhaps most importantly, they offer Islamic accounts so that you can invest according to your faith.

Best Free Stock Trading Apps in Indonesia

IG Markets
IBRK
AvaTrade

Commission

Withdrawal Fee

0%

1 free withdrawal/month

€0

Minimum Deposit

$250

€100

€100

Time to Withdraw

1-3 Days

3 days

1+ Day

Mobile App

24/7 Support

Regulation

ASIC

FCA

Central Bank of Ireland

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

Best Free Stock Trading Apps in Indonesia

There is no such thing as a completely free stock trading app in Indonesia. You see, online brokers are profitable companies that have to make money somehow. Therefore, you always pay spread and a few other non-trading fees when trading using a stock trading app in Indonesia. 

With that being said, the three best stock trading apps in Indonesia are all commission-free, which makes them a lot cheaper than many other investment brokers. Also, they do provide demo accounts that are technically free to use, even though you can’t make any real profit using them.

Best Forex Trading Apps for Beginners in Indonesia

eToro
AvaTrade
FOREX.COM

Spread on Amazon

0.09%

1 pips

Depend on market

Commission

Depend on asset

Withdrawal Fee

€25

€0

0

Minimum Deposit

€100

€100

$250

Time to Withdraw

1 Day

1+ Day

1-3 Days

How Many Stocks

1,000+

90

220 (as CFDS)

Platform

eToro + eToroX

MT4, MT5 & AvaTradeGo

Forex/MT4

Mobile App

24/7 Support

Regulation

CySEC

Central Bank of Ireland

Cysec, FCA

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

Best Forex Trading Apps for Beginners in Indonesia

As a beginner, you need to find a broker and a forex trading app that supports you every step of the process. Learning how to trade forex is not easy by any means. Therefore, the more beginner-friendly the app is, the better your chances of succeeding will be.

The three best forex trading apps for beginners in Indonesia provide all the tools you need when you first get started.

The platforms are easy to navigate, there is excellent educational material, and the fees and spread are suitable for smaller budgets.

Once you register an account with any of these brokers, you get access to a free demo account where you can practisce forex trading in a risk-free environment.

Best Day Trading Apps in Indonesia

IBRK
IG Markets
Saxo Bank

Commission

Withdrawal Fee

1 free withdrawal/month

0%

0

Minimum Deposit

€100

$250

10 000

Time to Withdraw

3 days

1-3 Days

1 day

Mobile App

24/7 Support

Regulation

FCA

ASIC

FCA FSA FSMA ASIC MAS FINMA

Based in

United States

The UK

Copenhagen

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

Best Day Trading Apps in Indonesia

It should come as no surprise that day traders keep all their trading tools, platforms and apps to a very high standard. Every feature has to work effortlessly and all the data and executions have to be as accurate as possible.

Now, a day trader will most likely not actively trade much using a day trading app, since they tend to use large trading stations with several screens.

However, trading apps are still essential to a day trader’s arsenal, as it allows them to keep track of their positions around the clock.

IBRK, IG Markets, and Saxo Bank are all established online brokers that target their services to professional traders, meaning even their trading apps feature advanced trading tools.

Easy to Download Trading Apps in Indonesia

eToro
Saxo Bank
IG Markets

Commission

Withdrawal Fee

€25

0

0%

Minimum Deposit

€100

10 000

$250

Time to Withdraw

1 Day

1 day

1-3 Days

How Many Currency Pairs

47

26

80+

Mobile App

24/7 Support

Regulation

CySEC

FCA FSA FSMA ASIC MAS FINMA

ASIC

Based in

Israel

Copenhagen

The UK

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

Easy to Download Trading Apps in Indonesia

With the fact that all regulated trading apps are offered through the App Store and Google Play, they are all equally as easy to download.

But if your goal is to get started with trading as soon as possible, we suggest checking out the aforementioned brokers.

Their apps are easy to use, they provide a seamless registration process, and can quickly be downloaded from respective app stores.

Furthermore, these three brokers are all some of the best forex trading apps in Indonesia with a combined customer base of more than 20 million.

How we Did this Research

Our research involved hundreds of hours of research per broker and per market. In other words, we started the process by reviewing every regulated online broker and collected all the most important data about each one.

Then, we start the process over, but this time we review the broker’s efforts on the Indonesian market.

We have to ensure that each broker that we recommend is regulated in Indonesia, but also that they provide tools and opportunities suitable for the local market.

Once done with this, we use all the data we’ve collected to compare the brokers with each other. During this process, we pick out the brokers that later ended up in this Indonesian trading guide.

Is it Legal to Trade Forex in Indonesia?

Yes, forex trading is legal in Indonesia and the market is tightly regulated. Right now, two entities oversee and approve brokers locally.

Badan Pengawas Perdagangan Berjangka Komoditi (BAPPEBTI): The main regulating body in the Indonesia financial industry, which roughly translates to Commodity Futures Trading Regulatory Agency. The agency is tasked with protecting customers and stopping money laundering and fraudulent behaviour.

 

Bank Indonesia (BI): The central bank of Indonesia is the highest financial institution in the country and they are ultimately responsible for all financial institutions operating within the country’s borders.

In addition, the best forex apps in Indonesia are also regulated internationally. Every broker we recommend is, for example, also licensed by the Cyprus Securities and Exchange Commission (CySEC), the UK’s Financial Conduct Authority (FCA), and Australian Securities and Investment Commission (ASIC).

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

Which phone is best for stock trading?
That’s up to you to decide. Many of today’s trading apps are quite advanced platforms that require a good phone to operate correctly. Therefore, we usually recommend that you try to use a phone that is as new as possible. And don’t worry about whether it’s an Android or iPhone, as long as you’re comfortable using it.
How do I buy stock in Indonesia?
To start buying stocks in Indonesia, you have to first find a great stockbroker. In the post above, you can find the best stock trading apps, but we have also recommended the best stock brokers in Indonesia, for your convenience. With an investment account set up, you can start investing in the stocks offered by the said broker. Some brokers have vast selections of international stocks, while others are limited to the most exciting stocks on the European, Asian, and American stock market.
Can you day trade on your phone?
Yes, technically, you can day trade using only a smartphone, although it’s not recommended and far from optimal. Most professional day traders use trading apps as one of their tools while trading. However, they also tend to have trading stations with a great computer, and at least two computer screens to read graphs on, etc. In other words, we do not suggest that you try to start day trading on a smartphone. You’ll have much better chances of making it by using better tools.
Which phone is best for stock trading?
Once again, we can’t answer this for you since it’s all about personal preference in the end. We typically say that the newer the phone is, the better it will be for trading, but that doesn’t mean you can’t use an older phone to trade in Indonesia.
Can I trade on the stock market with $100?
Yes, $100 is more than enough to start trading on the stock market. Just don’t expect to make any huge profits from such a small amount, and as a beginner, chances are high that you will lose all of those $100, at least if you look at the statistics (up to 80 % of retail traders lose money). You also have to remember that all the best trading apps in Indonesia have a minimum deposit limit, which you have to cover. $100 is enough to cover most brokers’ limits, but unfortunately not all of them.
Are trading apps safe?
As long as you stick to using regulated trading apps offered by licensed online brokers, you have nothing to worry about. A regular broker follows strict regulations regarding user and funds protection, encryption, etc. Note that safe trading is never a guarantee to make a profit. You always run the risk of losing the funds you invest, regardless of the markets and instruments.

Conclusion

With a tightly regulated and safe market, it comes as no surprise that online brokers and forex trading apps are thriving in Indonesia. We have spent countless hours testing and reviewing all the trading apps available in the country, and the best ones are listed here.

One exciting thing about the best forex trading apps in Indonesia is that most of them support Islamic trading accounts. That way, you can enjoy forex trading in Indonesia without sacrificing your beliefs.

Lastly, don’t forget that we’ve also recommended the best online brokers, platforms, and stockbrokers in Indonesia. Use the menu on your left-hand side to find the guides you’re looking for.

And don’t forget to check out our comprehensive broker reviews where you can learn everything about every trading app in Indonesia.

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