The Best Trading and Investment 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.

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.

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.

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.

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.

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.

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.

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).