Expert reviews, ratings, and trading conditions for Indonesia-regulated forex brokers. Filtered by composite score, tier, spread, and platform.
Indonesia hosts a diverse selection of forex brokers, subject to varying levels of regulatory oversight. We have reviewed 102 brokers in this jurisdiction with an average editor rating of 5.0/10.
Broker leverage in Indonesia is shaped by both the local regulator's requirements and international agreements. Our data shows maximum available leverage of up to 1:500, with minimum deposit thresholds from $5.
Traders based in or targeting Indonesia should verify that their chosen broker holds the appropriate local license alongside any international certifications. Our tiered comparison table (Globally Licensed → Offshore → Unlicensed) makes it easy to identify brokers with the strongest regulatory standing. CFForex currently ranks #1 among Indonesia brokers in our 2026 composite score analysis.
| Broker | Rating | Spread | Key Metrics | Platform | |
|---|---|---|---|---|---|
|
Score: 7.0
5-10 years
|
N/A |
No USDT
|
MT4
|
||
|
MA
|
Score: 6.9
5-10 years
|
N/A |
$5
No USDT
|
—
|
|
|
Score: 6.9
5-10 years
|
N/A |
No USDT
|
MT4 MT5
|
||
|
Score: 6.9
5-10 years
|
N/A |
No USDT
|
MT4
|
||
|
Score: 6.9
5-10 years
|
N/A |
No USDT
|
MT5
|
||
|
Score: 6.8
5-10 years
|
N/A |
No USDT
|
MT5
|
||
|
Score: 6.8
5-10 years
|
N/A |
No USDT
|
MT4
|
||
|
Score: 6.8
5-10 years
|
N/A |
No USDT
|
—
|
||
|
Score: 6.8
5-10 years
|
N/A |
$5
No USDT
|
—
|
||
|
Score: 6.7
5-10 years
|
N/A |
No USDT
|
MT4
|
||
|
Score: 6.7
5-10 years
|
N/A |
No USDT
|
MT4
|
||
|
Score: 6.5
5-10 years
|
N/A |
No USDT
|
MT4
|
||
|
Score: 6.4
5-10 years
|
N/A |
No USDT
|
MT4 MT5
|
||
|
Score: 6.4
5-10 years
|
N/A |
No USDT
|
MT4 MT5
|
||
|
Score: 6.4
5-10 years
|
N/A |
No USDT
|
MT4 MT5
|
||
|
Score: 6.4
5-10 years
|
N/A |
No USDT
|
MT5
|
||
|
Score: 6.3
2-5 years
|
N/A |
No USDT
|
MT5
|
||
|
Score: 6.2
5-10 years
|
N/A |
No USDT
|
MT4 MT5
|
||
|
Score: 6.2
5-10 years
|
N/A |
No USDT
|
—
|
||
|
Score: 6.2
5-10 years
|
N/A |
Rp 5 million
No USDT
|
—
|
||
|
Score: 6.2
5-10 years
|
N/A |
No USDT
|
MT4 MT5
|
||
|
Score: 6.1
5-10 years
|
N/A |
IDR 500,000
No USDT
|
—
|
||
|
Score: 6.1
2-5 years
|
N/A |
No USDT
|
—
|
||
|
Score: 6.1
2-5 years
|
N/A |
$100
No USDT
|
—
|
||
|
Score: 6.1
5-10 years
|
N/A |
No USDT
|
MT4 MT5
|
||
|
Score: 6.1
2-5 years
|
N/A |
No USDT
|
MT4
|
||
|
Score: 6.1
5-10 years
|
N/A |
No USDT
|
MT4
|
||
|
Score: 6.1
5-10 years
|
N/A |
No USDT
|
—
|
||
|
Score: 6.1
5-10 years
|
N/A |
$500
No USDT
|
—
|
||
|
Score: 6.1
5-10 years
|
N/A |
No USDT
|
MT4
|
||
|
Score: 6.0
2-5 years
|
N/A |
No USDT
|
MT4
|
||
|
Score: 6.0
2-5 years
|
N/A |
No USDT
|
MT5
|
||
|
Score: 6.0
5-10 years
|
N/A |
No USDT
|
MT5
|
||
|
Score: 6.0
5-10 years
|
N/A |
No USDT
|
MT4 MT5
|
||
|
Score: 6.0
5-10 years
|
N/A |
No USDT
|
MT4 MT5
|
||
|
Score: 6.0
2-5 years
|
N/A |
No USDT
|
—
|
||
|
Score: 6.0
2-5 years
|
N/A |
No USDT
|
—
|
||
|
Score: 6.0
2-5 years
|
N/A |
No USDT
|
MT4 MT5
|
||
|
Score: 6.0
2-5 years
|
N/A |
No USDT
|
MT5
|
||
|
Score: 6.0
2-5 years
|
N/A |
No USDT
|
—
|
||
|
Score: 6.0
2-5 years
|
N/A |
$5
No USDT
|
—
|
||
|
Score: 6.0
2-5 years
|
N/A |
No USDT
|
MT4 MT5
|
||
|
Score: 5.9
2-5 years
|
N/A |
No USDT
|
—
|
||
|
Score: 5.9
2-5 years
|
N/A |
$50
No USDT
|
—
|
||
|
Score: 5.9
2-5 years
|
N/A |
No USDT
|
—
|
||
|
Score: 5.9
2-5 years
|
N/A |
No USDT
|
MT5
|
||
|
Score: 5.9
2-5 years
|
N/A |
No USDT
|
MT5
|
||
|
Score: 5.8
2-5 years
|
N/A |
No USDT
|
MT4 MT5
|
||
|
Score: 5.6
2-5 years
|
N/A |
No USDT
|
—
|
||
|
Score: 5.6
2-5 years
|
N/A |
$5
No USDT
|
—
|
||
|
Score: 5.6
2-5 years
|
N/A |
No USDT
|
MT4 MT5
|
||
| ⚠️ No Regulatory License | |||||
|
Score: 6.1
10-15 years
|
N/A |
No USDT
|
MT4
|
||
|
Score: 5.7
5-10 years
|
N/A |
No USDT
|
MT5
|
||
|
Score: 5.6
5-10 years
|
N/A |
No USDT
|
—
|
||
|
Score: 5.6
5-10 years
|
N/A |
No USDT
|
—
|
||
|
Score: 5.6
5-10 years
|
N/A |
$5
No USDT
|
—
|
||
|
Score: 5.6
5-10 years
|
N/A |
$5
No USDT
|
—
|
||
|
Score: 5.6
5-10 years
|
N/A |
No USDT
|
—
|
||
|
Score: 5.6
5-10 years
|
N/A |
No USDT
|
MT4
|
||
|
Score: 5.6
5-10 years
|
N/A |
No USDT
|
MT4 MT5
|
||
|
Score: 5.6
5-10 years
|
N/A |
No USDT
|
MT4 MT5
|
||
|
Score: 5.6
5-10 years
|
N/A |
No USDT
|
MT4
|
||
|
Score: 5.6
5-10 years
|
N/A |
No USDT
|
MT5
|
||
|
Score: 5.5
5-10 years
|
N/A |
No USDT
|
MT4 MT5
|
||
|
Score: 5.4
5-10 years
|
N/A |
No USDT
|
—
|
||
|
Score: 5.1
2-5 years
|
N/A |
No USDT
|
MT5
|
||
|
Score: 4.8
2-5 years
|
N/A |
No USDT
|
—
|
||
|
Score: 4.8
2-5 years
|
N/A |
$5
No USDT
|
—
|
||
|
Score: 4.8
2-5 years
|
N/A |
No USDT
|
MT4 MT5
|
||
|
Score: 2.7
5-10 years
|
N/A |
No USDT
|
MT4
|
||
|
Score: 2.7
5-10 years
|
N/A |
No USDT
|
—
|
||
|
Score: 2.7
5-10 years
|
N/A |
$5
No USDT
|
—
|
||
|
Score: 2.7
5-10 years
|
N/A |
No USDT
|
MT4
|
||
|
Score: 2.7
5-10 years
|
N/A |
No USDT
|
MT5
|
||
|
Score: 2.7
5-10 years
|
N/A |
No USDT
|
MT5
|
||
|
Score: 2.5
5-10 years
|
N/A |
No USDT
|
—
|
||
|
Score: 2.5
5-10 years
|
N/A |
$100
No USDT
|
—
|
||
|
Score: 2.5
5-10 years
|
N/A |
No USDT
|
MT5
|
||
|
Score: 2.3
5-10 years
|
N/A |
No USDT
|
—
|
||
|
Score: 2.3
5-10 years
|
N/A |
$200
No USDT
|
—
|
||
|
Score: 2.3
5-10 years
|
N/A |
No USDT
|
MT4
|
||
|
Score: 2.3
5-10 years
|
N/A |
No USDT
|
MT5
|
||
|
Score: 2.2
5-10 years
|
N/A |
No USDT
|
MT4
|
||
|
Score: 2.2
5-10 years
|
N/A |
No USDT
|
MT4 MT5
|
||
|
Score: 2.2
5-10 years
|
N/A |
No USDT
|
MT5
|
||
|
Score: 2.1
2-5 years
|
N/A |
No USDT
|
—
|
||
|
Score: 1.9
2-5 years
|
N/A |
No USDT
|
—
|
||
|
Score: 1.9
2-5 years
|
N/A |
$5
No USDT
|
—
|
||
|
Score: 1.9
2-5 years
|
N/A |
No USDT
|
MT4 MT5
|
||
|
Score: 1.6
2-5 years
|
N/A |
No USDT
|
—
|
||
|
Score: 1.6
2-5 years
|
N/A |
$5
No USDT
|
—
|
||
|
Score: 1.6
2-5 years
|
N/A |
No USDT
|
MT4
|
||
|
Score: 1.6
2-5 years
|
N/A |
No USDT
|
—
|
||
|
Score: 1.6
2-5 years
|
N/A |
No USDT
|
MT4 MT5
|
||
|
Score: 1.5
2-5 years
|
N/A |
No USDT
|
MT5
|
||
|
Score: 1.3
1-2 years
|
N/A |
No USDT
|
—
|
||
|
Score: 1.3
1-2 years
|
N/A |
IDR 10,000
No USDT
|
—
|
||
|
Score: 1.3
1-2 years
|
N/A |
No USDT
|
MT4 MT5
|
||
|
Score: 1.1
1-2 years
|
N/A |
$100
No USDT
|
—
|
||
|
Score: 1.1
1-2 years
|
N/A |
No USDT
|
—
|
||
|
Score: 1.1
1-2 years
|
N/A |
No USDT
|
MT5
|
||
|
Score: 1.1
1-2 years
|
N/A |
No USDT
|
MT5
|
||
Yes, CFForex is regulated by the Badan Pengawas Perdagangan Berjangka Komoditi (BAPPEBTI) in Indonesia, which ensures compliance with local trading regulations and provides a level of security for traders.
CFForex offers a variety of trading conditions, including access to the MT4 platform, a selection of trading instruments such as forex, gold, and stock indices, and leverage options of up to 1:100, depending on the account type.
CFForex maintains fund security by adhering to regulations set by BAPPEBTI and implementing strict compliance measures. Client funds are generally kept in segregated accounts to enhance security.
Yes, CFForex offers a demo account that allows potential clients to practice trading without any financial risk. This is an excellent way to familiarize yourself with the platform and trading conditions before opening a live account.
Yes, Mahadana is regulated by BAPPEBTI (Badan Pengawas Perdagangan Berjangka Komoditi), ensuring compliance with Indonesian regulations for retail forex trading.
Mahadana offers the MetaTrader 4 (MT4) platform for trading. It is known for its user-friendly interface and robust trading tools, catering to both novice and experienced traders.
Client funds at Mahadana are kept in segregated accounts that are supervised by BAPPEBTI. This means that client funds are not mixed with the broker's operational funds, providing an extra layer of security.
To deposit funds, clients can make an interbank transfer to Mahadana’s designated account. Withdrawals can be requested at any time during weekdays, and funds are typically processed within two business days.
