16 Best Forex Brokers in Indonesia for 2025

16 Best Forex Brokers in Indonesia for 2025: Compare Top 16 Regulated Brokers by Spreads, Swap, Fees & Trustworthiness

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1.FBS

FBS is the best overall Forex broker in Indonesia for 2025 due to its high reliability (regulated by the Australian Securities & Investment Commission (ASIC) of Australia), low spreads (averaging only 11.43 points per 1 lot on 7 major currency pairs), no commission fees, and no swap charges (free swap).

FBS Summary

*The full score is 100.

💸 Average Spread: EURUSD 💸 Average Spread: XAUUSD 💸 Average Spread: BTCUSD	9.40 Points / 1 Lot 21.3 USD / 1 Lot 0.0354% / 1 BTC
🌙 Swap Long: EURUSD 🌙 Swap Short: EURUSD	0 (Swap Free) 0 (Swap Free)
🌙 Swap Long: XAUUSD 🌙 Swap Short: XAUUSD	0 (Swap Free) 0 (Swap Free)
🌙 Swap Long: BTCUSD 🌙 Swap Short: BTCUSD	0 (Swap Free) 0 (Swap Free)
💰Commission	No Commission Charged on Standard Accounts
💵 Minimum Deposit	5 USD
💵 Minimum Withdrawal	5 USD
📊 Instruments	Forex, Crypto, Stocks, Indices, Commodities
🖥️ Trading Platform	MT4, MT5, FBS App
⚖️ Maximum Leverage	1:3000

2.Axi

Axi is the best Forex broker in terms of reliability because it is regulated by the Financial Conduct Authority (FCA) of the United Kingdom and regulated by the Australian Securities & Investment Commission (ASIC) of Australia.

This makes it particularly suitable for traders in Indonesia who are looking for a Forex broker with high reliability.

Axi Summary

👮‍♂️ Trust Score	98.75
💸 Average Spread: EURUSD 💸 Average Spread: XAUUSD 💸 Average Spread: BTCUSD	13 Points / 1 Lot 16 USD / 1 Lot 0.0218% / 1 BTC
🌙 Swap Long: EURUSD 🌙 Swap Short: EURUSD	-6 (USD per lot per night) +3 (USD per lot per night)
🌙 Swap Long: XAUUSD 🌙 Swap Short: XAUUSD	-40 (USD per lot per night) 17 (USD per lot per night)
🌙 Swap Long: BTCUSD 🌙 Swap Short: BTCUSD	-35 (USD per btc per night) -12 (USD per btc per night)
💰Commission	No Commission Charged on Standard Accounts
💵 Minimum Deposit	5 USD
💵 Minimum Withdrawal	5 USD
📊 Instruments	Forex, Crypto, Stocks, Indices, Commodities
🖥️ Trading Platform	MT4, MT5, Axi App
⚖️ Maximum Leverage	1:1000

3.Exness

Exness is a Forex broker with no Swap charges, making it very suitable for Indonesian traders who frequently hold orders overnight.

Exness Summary

👮‍♂️ Trust Score	88.75
💸 Average Spread: EURUSD 💸 Average Spread: XAUUSD 💸 Average Spread: BTCUSD	9 Points / 1 Lot 16 USD / 1 Lot 0.0281% / 1 BTC
🌙 Swap Long: EURUSD 🌙 Swap Short: EURUSD	0 (Swap Free) 0 (Swap Free)
🌙 Swap Long: XAUUSD 🌙 Swap Short: XAUUSD	0 (Swap Free) 0 (Swap Free)
🌙 Swap Long: BTCUSD 🌙 Swap Short: BTCUSD	0 (Swap Free) 0 (Swap Free)
💰Commission	No Commission Charged on Standard Accounts
💵 Minimum Deposit	10 USD
💵 Minimum Withdrawal	10 USD
📊 Instruments	Forex, Crypto, Stocks, Indices, Commodities
🖥️ Trading Platform	MT4, MT5, Exness App, Exness Terminal
⚖️ Maximum Leverage	1:2,000,000,000

4.IC Markets

IC Markets is the Forex broker with the lowest spreads in Indonesia, particularly suitable for Indonesian traders who like short-term trading, helping them save trading fees significantly.

IC Markets Summary

👮‍♂️ Trust Score	88.75
💸 Average Spread: EURUSD 💸 Average Spread: XAUUSD 💸 Average Spread: BTCUSD	8 Points / 1 Lot 19.4 USD / 1 Lot 0.0242% / 1 BTC
🌙 Swap Long: EURUSD 🌙 Swap Short: EURUSD	-9 (USD per lot per night) +2 (USD per lot per night)
🌙 Swap Long: XAUUSD 🌙 Swap Short: XAUUSD	-42 (USD per lot per night) +21 (USD per lot per night)
🌙 Swap Long: BTCUSD 🌙 Swap Short: BTCUSD	-47 (USD per lot per night) 0 (Swap Free)
💰Commission	No Commission Charged on Standard Accounts
💵 Minimum Deposit	100 USD
💵 Minimum Withdrawal	1 USD
📊 Instruments	Forex, Crypto, Stocks, Indices, Commodities, Bonds, Futures
🖥️ Trading Platform	MT4, MT5, cTrader, Tradingview, IC Social
⚖️ Maximum Leverage	1:1000

5.OANDA

OANDA Summary

👮‍♂️ Trust Score	96.25
💸 Average Spread: EURUSD 💸 Average Spread: XAUUSD 💸 Average Spread: BTCUSD	9.40 Points / 1 Lot 21 USD / 1 Lot 0.0557% / 1 BTC
🌙 Swap Long: EURUSD 🌙 Swap Short: EURUSD	-5 (USD per lot per night) +1 (USD per lot per night)
🌙 Swap Long: XAUUSD 🌙 Swap Short: XAUUSD	-24 (USD per lot per night) +13 (USD per lot per night)
🌙 Swap Long: BTCUSD 🌙 Swap Short: BTCUSD	-37 (USD per lot per night) -26 (USD per lot per night)
💰Commission	No Commission Charged on Standard Accounts
💵 Minimum Deposit	2 USD
💵 Minimum Withdrawal	20 USD
📊 Instruments	Forex, Crypto, Stocks, Indices, Commodities
🖥️ Trading Platform	MT4, MT5, OANDA App, TradingView
⚖️ Maximum Leverage	1:50

6.Eightcap

Eightcap Summary

👮‍♂️ Trust Score	87.50
💸 Average Spread: EURUSD 💸 Average Spread: XAUUSD 💸 Average Spread: BTCUSD	11.20 Points / 1 Lot 13 USD / 1 Lot 0.0361% / 1 BTC
🌙 Swap Long: EURUSD 🌙 Swap Short: EURUSD	-8 (USD per lot per night) +3 (USD per lot per night)
🌙 Swap Long: XAUUSD 🌙 Swap Short: XAUUSD	-47 (USD per lot per night) +26 (USD per lot per night)
🌙 Swap Long: BTCUSD 🌙 Swap Short: BTCUSD	-47 (USD per lot per night) +12 (USD per lot per night)
💰Commission	No Commission Charged on Standard Accounts
💵 Minimum Deposit	50 USD
💵 Minimum Withdrawal	50 USD
📊 Instruments	Forex, Crypto, Stocks, Indices, Commodities
🖥️ Trading Platform	MT4, MT5, TradingView
⚖️ Maximum Leverage	1:500

7.Vantage

Vantage Summary

👮‍♂️ Trust Score	85.00
💸 Average Spread: EURUSD 💸 Average Spread: XAUUSD 💸 Average Spread: BTCUSD	13.40 Points / 1 Lot 22 USD / 1 Lot 0.1124% / 1 BTC
🌙 Swap Long: EURUSD 🌙 Swap Short: EURUSD	-7 (USD per lot per night) +3 (USD per lot per night)
🌙 Swap Long: XAUUSD 🌙 Swap Short: XAUUSD	-38 (USD per lot per night) +18 (USD per lot per night)
🌙 Swap Long: BTCUSD 🌙 Swap Short: BTCUSD	0 (Swap Free) 0 (Swap Free)
💰Commission	No Commission Charged on Standard Accounts
💵 Minimum Deposit	50 USD
💵 Minimum Withdrawal	30 USD
📊 Instruments	Forex, Crypto, Stocks, Indices, Commodities, ETF, Bonds
🖥️ Trading Platform	MT4, MT5, Tradingview, Vantage App, Protrader
⚖️ Maximum Leverage	1:2000

8.FXCM

FXCM Summary

👮‍♂️ Trust Score	85.00
💸 Average Spread: EURUSD 💸 Average Spread: XAUUSD 💸 Average Spread: BTCUSD	14.20 Points / 1 Lot 48.20 USD / 1 Lot 0.0723% / 1 BTC
🌙 Swap Long: EURUSD 🌙 Swap Short: EURUSD	-8 (USD per lot per night) +4 (USD per lot per night)
🌙 Swap Long: XAUUSD 🌙 Swap Short: XAUUSD	-54 (USD per lot per night) +15 (USD per lot per night)
🌙 Swap Long: BTCUSD 🌙 Swap Short: BTCUSD	No data No data
💰Commission	No Commission Charged on Standard Accounts
💵 Minimum Deposit	50 USD
💵 Minimum Withdrawal	1 USD
📊 Instruments	Forex, Crypto, Stocks, Indices, Commodities
🖥️ Trading Platform	MT4, MT5, FXCM App, Trading Station, TradingView
⚖️ Maximum Leverage	1:1000

9.Tickmill

Tickmill Summary

👮‍♂️ Trust Score	73.75
💸 Average Spread: EURUSD 💸 Average Spread: XAUUSD 💸 Average Spread: BTCUSD	16.60 Points / 1 Lot 24 USD / 1 Lot No data
🌙 Swap Long: EURUSD 🌙 Swap Short: EURUSD	-8 (USD per lot per night) +4 (USD per lot per night)
🌙 Swap Long: XAUUSD 🌙 Swap Short: XAUUSD	-41 (USD per lot per night) +22 (USD per lot per night)
🌙 Swap Long: BTCUSD 🌙 Swap Short: BTCUSD	0 (Swap Free) 0 (Swap Free)
💰Commission	No Commission Charged on Standard Accounts
💵 Minimum Deposit	100 USD
💵 Minimum Withdrawal	25 USD
📊 Instruments	Forex, Crypto, Stocks, Indices, Commodities, Bonds
🖥️ Trading Platform	MT4, MT5, TradingView, Tickmill App
⚖️ Maximum Leverage	1:1000

10.AvaTrade

AvaTrade Summary

👮‍♂️ Trust Score	92.50
💸 Average Spread: EURUSD 💸 Average Spread: XAUUSD 💸 Average Spread: BTCUSD	13 Points / 1 Lot 30 USD / 1 Lot 0.0986% / 1 BTC
🌙 Swap Long: EURUSD 🌙 Swap Short: EURUSD	-45 (USD per lot per night) +24 (USD per lot per night)
🌙 Swap Long: XAUUSD 🌙 Swap Short: XAUUSD	-30 (USD per lot per night) +5 (USD per lot per night)
🌙 Swap Long: BTCUSD 🌙 Swap Short: BTCUSD	-40 (USD per lot per night) 0 (Swap Free)
💰Commission	No Commission Charged on Standard Accounts
💵 Minimum Deposit	100 USD
💵 Minimum Withdrawal	100 USD
📊 Instruments	Forex, Crypto, Stocks, Indices, Commodities, ETF, Bonds
🖥️ Trading Platform	MT4, MT5, WebTrader, AvaTrade App, AvaOptions
⚖️ Maximum Leverage	1:400

11.OctaFX

OctaFX is a Forex broker with no Swap charges, making it very suitable for Indonesian traders who frequently hold orders overnight.

OctaFX Summary

👮‍♂️ Trust Score	72.50
💸 Average Spread: EURUSD 💸 Average Spread: XAUUSD 💸 Average Spread: BTCUSD	10.60 Points / 1 Lot 30 USD / 1 Lot 0.0363% / 1 BTC
🌙 Swap Long: EURUSD 🌙 Swap Short: EURUSD	0 (Swap Free) 0 (Swap Free)
🌙 Swap Long: XAUUSD 🌙 Swap Short: XAUUSD	0 (Swap Free) 0 (Swap Free)
🌙 Swap Long: BTCUSD 🌙 Swap Short: BTCUSD	0 (Swap Free) 0 (Swap Free)
💰Commission	No Commission Charged on Standard Accounts
💵 Minimum Deposit	50 USD
💵 Minimum Withdrawal	10 USD
📊 Instruments	Forex, Crypto, Stocks, Indices, Commodities
🖥️ Trading Platform	MT4, MT5, OctaTrader
⚖️ Maximum Leverage	1:1000

12.FxPro

FxPro Summary

👮‍♂️ Trust Score	81.25
💸 Average Spread: EURUSD 💸 Average Spread: XAUUSD 💸 Average Spread: BTCUSD	14.00 Points / 1 Lot 35.80 USD / 1 Lot 0.0986% / 1 BTC
🌙 Swap Long: EURUSD 🌙 Swap Short: EURUSD	-8 (USD per lot per night) +2 (USD per lot per night)
🌙 Swap Long: XAUUSD 🌙 Swap Short: XAUUSD	-46 (USD per lot per night) +13 (USD per lot per night)
🌙 Swap Long: BTCUSD 🌙 Swap Short: BTCUSD	-47 (USD per lot per night) -47 (USD per lot per night)
💰Commission	No Commission Charged on Standard Accounts
💵 Minimum Deposit	100 USD
💵 Minimum Withdrawal	100 USD
📊 Instruments	Forex, Crypto, Stocks, Indices, Commodities, ETF
🖥️ Trading Platform	MT4, MT5, cTrader, FxPro App, FxPro Trading Platform
⚖️ Maximum Leverage	1:500

13.LiteFinance

LiteFinance Summary

👮‍♂️ Trust Score	66.25
💸 Average Spread: EURUSD 💸 Average Spread: XAUUSD 💸 Average Spread: BTCUSD	15.00 Points / 1 Lot 39 USD / 1 Lot 0.1873% / 1 BTC
🌙 Swap Long: EURUSD 🌙 Swap Short: EURUSD	-7 (USD per lot per night) +3 (USD per lot per night)
🌙 Swap Long: XAUUSD 🌙 Swap Short: XAUUSD	-54 (USD per lot per night) 0 (Swap Free)
🌙 Swap Long: BTCUSD 🌙 Swap Short: BTCUSD	-58 (USD per lot per night) -58 (USD per lot per night)
💰Commission	No Commission Charged on Standard Accounts
💵 Minimum Deposit	10 USD
💵 Minimum Withdrawal	10 USD
📊 Instruments	Forex, Crypto, Stocks, Indices, Commodities
🖥️ Trading Platform	MT4, MT5, cTrader, LiteFinance App
⚖️ Maximum Leverage	1:1000

14.HFM

HFM is a Forex broker with no Swap charges, making it very suitable for Indonesian traders who frequently hold orders overnight.

HFM Summary

👮‍♂️ Trust Score	72.50
💸 Average Spread: EURUSD 💸 Average Spread: XAUUSD 💸 Average Spread: BTCUSD	16.60 Points / 1 Lot 28.50 USD / 1 Lot 0.0472% / 1 BTC
🌙 Swap Long: EURUSD 🌙 Swap Short: EURUSD	0 (Swap Free) 0 (Swap Free)
🌙 Swap Long: XAUUSD 🌙 Swap Short: XAUUSD	0 (Swap Free) 0 (Swap Free)
🌙 Swap Long: BTCUSD 🌙 Swap Short: BTCUSD	-19 (USD per lot per night) -9 (USD per lot per night)
💰Commission	No Commission Charged on Standard Accounts
💵 Minimum Deposit	5 USD
💵 Minimum Withdrawal	5 USD
📊 Instruments	Forex, Crypto, Stocks, Indices, Commodities, Bonds, ETF
🖥️ Trading Platform	MT4, MT5, HFM App
⚖️ Maximum Leverage	1:2000

15.JustMarkets

JustMarkets Summary

👮‍♂️ Trust Score	61.25
💸 Average Spread: EURUSD 💸 Average Spread: XAUUSD 💸 Average Spread: BTCUSD	9.00 Points / 1 Lot 18.00 USD / 1 Lot 0.0358% / 1 BTC
🌙 Swap Long: EURUSD 🌙 Swap Short: EURUSD	-13 (USD per lot per night) -4 (USD per lot per night)
🌙 Swap Long: XAUUSD 🌙 Swap Short: XAUUSD	-71 (USD per lot per night) -84 (USD per lot per night)
🌙 Swap Long: BTCUSD 🌙 Swap Short: BTCUSD	-85 (USD per lot per night) -56 (USD per lot per night)
💰Commission	No Commission Charged on Standard Accounts
💵 Minimum Deposit	15 USD
💵 Minimum Withdrawal	10 USD
📊 Instruments	Forex, Crypto, Stocks, Indices, Commodities
🖥️ Trading Platform	MT4, MT5, JustMarkets App
⚖️ Maximum Leverage	1:3000

16.XM

XM is the best Forex broker in terms of reliability, same as Axi broker, because it is regulated by the Financial Conduct Authority (FCA) of the United Kingdom and regulated by the Australian Securities & Investment Commission (ASIC) of Australia.

This makes it particularly suitable for traders in Indonesia who are looking for a Forex broker with high reliability.

XM Summary

👮‍♂️ Trust Score	98.75
💸 Average Spread: EURUSD 💸 Average Spread: XAUUSD 💸 Average Spread: BTCUSD	20.60 Points / 1 Lot 37.10 USD / 1 Lot 0.0727% / 1 BTC
🌙 Swap Long: EURUSD 🌙 Swap Short: EURUSD	-9 (USD per lot per night) +3 (USD per lot per night)
🌙 Swap Long: XAUUSD 🌙 Swap Short: XAUUSD	-43 (USD per lot per night) +18 (USD per lot per night)
🌙 Swap Long: BTCUSD 🌙 Swap Short: BTCUSD	-35 (USD per lot per night) -35 (USD per lot per night)
💰Commission	No Commission Charged on Standard Accounts
💵 Minimum Deposit	5 USD
💵 Minimum Withdrawal	5 USD
📊 Instruments	Forex, Crypto, Stocks, Indices, Commodities
🖥️ Trading Platform	MT4, MT5, XM App
⚖️ Maximum Leverage	1:1000

Choosing the Best Forex Broker in Indonesia

1. Reliability

We should choose a highly reliable Forex broker by considering multiple factors such as being regulated by government agencies from highly credible countries, having a long establishment history, and good app review scores.

We have conducted detailed ranking and scoring of each broker's reliability. Click to view

This reliability aspect is extremely important, so we assign it a 40% weighting in our ranking.

2. Spread

Spread is the fee that must be paid every time an order is opened. Therefore, you should use a broker with low Forex spreads.

This spread aspect is also very important, so we assign it a 40% weighting in our ranking.

3. Swap

Swap is the interest that must be paid or received when holding orders overnight. Therefore, you should choose a broker with low swap rates.

This swap aspect is less important than spreads because it only applies when we hold orders overnight. We therefore assign it a 20% weighting in our ranking.

How We Rank Best Forex Brokers in Indonesia

Ranking based on all 3 aspects, with scores and weightings according to importance as follows:

1. Reliability – Full score 100, Score weighting 40%
   • View reliability scoring methodology → Click to view
2. Spread – Full score 100, Score weighting 40%
   • Scored using Linear Scale Normalization
   • Broker with lowest spread gets 100 points
   • Broker with highest spread gets 25 points
3. Swap – Full score 100, Score weighting 20%
   • Scored using Linear Scale Normalization
   • Broker with lowest swap gets 100 points
   • Broker with highest swap gets 25 points

Finally, multiply each aspect's score by its percentage weighting, then combine the values to get the overall score.

Then rank brokers by their scores from highest to lowest.

Important Notes:

• For fairness, spread and swap testing for all brokers uses the same Standard account type.
• All brokers have no additional commission fees because we use Standard accounts.
• Average spread for 7 currency pairs: EURUSD, USDJPY, GBPUSD, AUDUSD, USDCAD, USDCHF, NZDUSD

Reference Data

Reliability

View reliability reference data image → Click here

Forex Spread

Gold (XAUUSD) Spread

Bitcoin (BTCUSD) Spread

Swap