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Interest in forex investment is increasing among Indonesian people. There are many companies that offer this service and of course each has its advantages and disadvantages. Therefore, finding the best forex broker becomes the basic and main step.

A forex broker is a party that brings together individual traders and sellers to make forex transactions. The broker itself can be a company, institution, or agent. Along with this increasing interest, finding the best and most trusted forex broker is sometimes quite confusing, especially for beginners.

But you don't need to worry, this article will provide a list of the best forex brokers in Indonesia and the world. Check out the details below:

Interactive Brokers: Reputable Forex Broker

Interactive Broker, These mutual funds aren’t attached to any commission fees whatsoever, so you’ll get to keep 100% of your profits. In addition to BTC, Bitcoin Cash, Litecoin, and Ethereum; you’ll have thousands more stocks, options, ETFs, futures, corporate bonds, and fractional shares at your fingertips. Although Interactive Brokers’ website and mobile apps can take some time to adjust to; we were impressed by their site’s unique investment categorizations. Experienced retail investors can get a clear picture of where each company lies in accordance with their stance on LGBTQ+ rights, ocean life conservation, and more.

IG Platform: Best Forex Broker for Trading CFDs

Established in 1974, IG Platform was founded as the first legitimate spread betting firm. Since then, they’ve acquired nearly 200,000 clients and have grown to list CFDs across tens of thousands of financial markets. Of course, you’ll also have access to 80+ currency pairs via their user-friendly website and/or mobile app. If you’d like to trade Forex and CFDs concurrently, you’ll find profitable shares that span over the same 17,000+ worldwide stocks. That said, IG doesn’t have any sort of CopyTrade program. In other words; you’ll have to make your own investment decisions without mirroring the positions of eToro’s professional gurus.

Saxo Bank: Top Trading Platform for Forex Market Variety

Saxo Bank's market variety is best-in-class. Retail investors can speculate on 9,000+ CFDs and 6,900+ ETFs spread throughout their 22,000 stocks. You’ll also have the ability to buy, sell, or trade BTC, ETH, LTC, and Ripple in fractional increments. Retail investors who wish to hold their positions over the long-term can explore 300+ futures from 28 global exchanges or hedge their bets with 4,500+ corporate bonds that account for 21 foreign currencies. Between 22,000 available stocks and nearly 38,000 additional options, there’s almost nothing you won’t find here.

XTB Forex: Great for Low Trading Costs

Although XTB doesn’t offer nearly as many tradable symbols as our higher-ranked picks, they give retail investors a fairly large slice of the pie. We came across 48 currency pairs that include 23 foreign currencies, Bitcoin, Bitcoin Cash, Litecoin, and Ethereum. Additionally, you’ll find 2,100+ major stocks and CFDs from 20+ global exchanges, which places XTB a bit behind eToro in this area. Unfortunately, this platform doesn’t offer any sort of CopyTrade program or downloadable mobile app for on-the-go trading. Regardless, XTB’s asset selection accounts for the vast majority of potentially profitable trades you could make.

Plus500: Top Online Forex Broker for Customer Support

Hear us out – while they don’t have a dedicated phone line to call, their staff are among the best (and fastest) at what they do. We received an email response from them within one hour, which is essentially unheard of. If you need immediate assistance; sending them a live chat or WhatsApp message will connect you with somebody who can help in seconds. Plus500 traders will have access to 16 currency pairs alongside thousands of commission-free stocks and ETFs. You can get started with just $100 down, which comprises the lower end of commonly required account minimums. However, fast traders aren’t welcome here. If Plus500 detects that you close a position before 2 minutes of trading have elapsed; your account will be closed permanently.

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