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Best Day Trading Brokers & Platforms in Indonesia 2025

Written By

Michael MacKenzie

Written By

Michael MacKenzie

Michael is a writer and editor with over a decade in journalism and publishing. His niche lies in editing and fact-checking content in the financial services sector, with a focus on online brokers and trading platforms. Michael previously reported on politics and economics in the Middle East and edits books for established publishers.

» Michael MacKenzie Profile Page

Edited By

James Barra

Edited By

James Barra

James is an investment writer with a background in financial services. As a former management consultant, he has worked on major operational transformation programmes at prominent European banks. James authors, edits and fact-checks content for a series of investing websites.

» James Barra Profile Page

Fact Checked By

Jemma Grist

Fact Checked By

Jemma Grist

Jemma is a writer, editor and fact-checker focused on retail trading and investing. Jemma brings a unique perspective to the forex, stock, and cryptocurrency markets and works across several investment websites as a researcher and broker analyst.

» Jemma Grist Profile Page

Updated

Nov 11, 2024

Day traders in Indonesia aim to profit from short-term price movements in currencies like the Indonesia rupiah (IDR), stocks on the Indonesian Stock Exchange (IDX), and global financial markets, through an online broker.

Indonesia’s Financial Services Body (OJK) and Commodity Futures Trading Regulatory Agency (Bappebti) regulate financial services in the country. However, many Indonesians use regulated, international brokers, though it’s essential you still follow Indonesia’s laws.

Jump into DayTrading.com’s pick of the top day trading brokers in Indonesia. Our experts rated them for their terrific short-term trading experience, with some excelling for Indonesians with IDR accounts and Halal accounts.

Methodology

To compile our list of the top day trading platforms for Indonesians, we searched our database comprising hundreds of brokerages to find every one that accepts clients in Indonesia.

Then we ranked firms using their overall rating which is derived from live tests, 100+ data points, and broker comparisons.

How To Choose A Day Trading Broker In Indonesia

Based on our years of evaluating hundreds of day trading platforms, here are the key factors to consider:

Choose A Broker You Can Trust

Scam brokers and fraudsters have become common as the number of online traders in Indonesia rises.

The scale of the problem was evident after the arrest of Indonesian fraudster Wahyu Kenzo for a trading robot scam involving the Auto Trade Gold app that cost traders $585 million.

That’s why we thoroughly check that brokers are above board:

1. We investigate whether each broker’s licenses are up to date by checking the relevant authority’s listings. We’ve found that Indonesian traders are often directed to the weakly regulated branches of established brokers.
2. We check press reports and our own user reviews to understand the broker’s track record and uncover any history of unfair practices.
3. We look for other hallmarks of a reliable broker, such as listings on a stock exchange and high user figures.

Choose A Broker With Access To Diverse Markets

Most traders will check that a broker has a few specific instruments they want to trade before signing up, but you shouldn’t neglect the advantages of having a broad instrument list.

Some of our top brokers have thousands of diverse assets on their platforms, allowing traders to learn about different markets and find new opportunities as they develop their skills.

Traders in Indonesia may want to start with regional forex pairs and stocks like Telkom Indonesia that are traded on the IDX.

They may also look for important Indonesian commodities like oil, palm oil and cocoa, as well as cryptocurrencies, which are officially recognized as commodities in the country.

Choose A Broker With Competitive Fees

We’ve found that the spread – the difference between an asset’s bid and ask price – is usually the most important trading fee to consider when choosing a broker for day trading.

Most of the time, you’ll need to pay a commission to access the tightest spreads, and this can be another decisive fee to consider.

You should also make sure that there are no unreasonable non-trading fees, such as expensive deposits and withdrawals via your preferred payment method. A good way to reduce these costs is to trade with a broker that has an IDR account.

Choose A Broker With A Reliable Charting Platform

You’ll need a reliable charting platform with a suite of indicators and tools to fulfil your day trading potential.

Many brokers support one or more of the top third-party trading platforms – the biggest players include MetaTrader 4, MetaTrader 5, cTrader and the slicker and more contemporary TradingView.

I’ve also been impressed by some brokers’ bespoke, in-house platforms lately. These are custom-made for the broker’s instrument list, and often feature streamlined, integrated research and analysis tools that are ideal for beginners.

Some, like eToro, actually integrate the charts from TradingView or another third-party platform, so you get the best of both worlds.

Michael MacKenzie

Author

Choose A Broker With Transparent Leverage Requirements

Leverage is a key tool that allows day traders to augment their trading power using borrowed funds. A trader with $100 of capital to place on a trade can increase the size of their position to $1000 by using leverage of 1:10.

You need to know the precise terms and conditions when trading with borrowed funds, so choose a broker that is transparent and makes it clear how much leverage is available on every instrument.

They should also disclose whether or not they offer negative balance protection to prevent you from losing more than your account balance in a bad trade.

Choose A Broker With High-Quality Execution

Day trading centres on short-term price movements, so you’ll need fast and reliable execution to achieve your trading goals.

We investigate every broker’s execution speed and give priority to those that maintain an average below 100 milliseconds. We also assess the extent of ‘slippage’ – the difference between the price when the order is placed and it is filled.

Choose A Broker With Convenient Account Funding

We look for brokers that have a reasonable barrier of entry for Indonesian traders, with a low minimum initial deposit and convenient ways to deposit rupiahs.

Almost all of the hundreds of brokers we have reviewed accept new traders for a first deposit of 250 USD (around 3.8 million IDR) or lower.

Also look for a broker with a fast, reliable payment method, whether that’s a traditional debit card or bank transfer or a more novel method like Doku Wallet or Gopay, two of Indonesia’s top digital payment solutions.

FAQ

Who Regulates Day Trading Brokers In Indonesia?

Indonesia’s financial regulators that oversee retail trading markets are the Financial Services Body (OJK) and the Commodity Futures Trading Regulatory Agency (Bappebti).

However, these bodies are not the most active when it comes to licensing brokers that provide day trading products, so many residents look for a reliable international firm with a license from another trusted organization. Going down this route is allowed, but you must still adhere to Indonesia’s trading regulations and tax obligations.

Which Is The Best Broker That Accepts Traders In Indonesia?

There isn’t any single top day trading broker; the best for you will depend on your specific requirements and preferences.

Each of the brokers on our list meets specific traders’ needs. IC Markets and FXTM are great choices for experienced day traders due to their fast execution and high leverage allowance; eToro‘s in-house platform is great for beginners and Pepperstone offers flexible charting options. All offer Islamic accounts catering to Indonesia’s muslim-majority population.

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