Indonesia
  • Only reliable and regulated CFD providers (accounts); your funds are protected and segregated

  • Compare CFD brokers by trading features and tools, platforms, range of markets, and more

Online CFD Broker Comparison – Indonesia

Broker
Markets
  • Common Markets +
  • Bonds
  • ETFs
Platforms
  • MetaTrader 4
  • MetaTrader 5
  • WebTrader+
  • VT Markets App
Open Account
Notable Benefits
  • Low Trading Costs: access thousands of markets with spreads as low as 0.0 pips
  • Wide Range of Trading Accounts: choose your account type Standard STP, Raw ECN, Swap free

  • Free Trading Tools: daily market analysis and a wide range of trading indicators
Broker
Markets
  • Common CFD Markets +
  • Cryptocurrencies

Platforms
  • WebTrader

  • MetaTrader 4

  • MetaTrader 5

Open Account
Notable Benefits
  • Spreads start at 0.0, with transparent pricing and fast execution – giving you real CFD market prices with zero restrictions.

  • Enjoy social trading, Myfxbook AutoTrade, and Autochartist, all available free of charge for all traders.

  • A great collection of trading tools, including Traders Toolbox, Trading Central, TradeMetric, and calculators.

  • It might be a great choice for popular markets, but less ideal for more exotic ones such as small-cap shares.

Broker
Markets
  • Common CFD Markets +
  • ETFs

  • Forwards

Platforms
  • cTrader

  • MetaTrader 4

  • MetaTrader 5

  • TradingView

Open Account

75% of retail investors lose money when trading CFDs with this provider

Notable Benefits
  • Razor sharp pricing, with some of the most competitive spreads/commissions in the industry.

  • Fast execution, no dealing desk intervention, and deep liquidity, along with award-winning 24/7 customer support.

  • A wealth of trading tools, including Smart Trader Tools, cTrader Automate, and free Autochartist, makes the broker hard to miss.

  • Not the best broker for trading exotic FX pairs or shares, as only 1,200+ instruments are available.

Broker
Markets
  • Common CFD Markets +
  • Cryptocurrencies

  • ETFs

Platforms
  • xStation

  • xStation Mobile

Open Account

75% of retail investors lose money when trading CFDs with this provider

Notable Benefits
  • Great tools: calculators, performance statistics, sentiment, market analysis.

  • A wide range of financial markets from a trusted broker, all accessible on a user-friendly and customisable trading platform.

  • Earn interest on unused funds: 4.5% for GBP, 4.2% for USD, 2.3% for EUR cash balances.

  • Some novice traders might be discouraged by the 28-day demo account limit and the absence of copy trading features.

Broker
Markets
  • Common CFD Markets +
  • Options

  • Bonds and Interest Rates

Platforms
  • WebTrader

  • MetaTrader 4

  • TradingView
Open Account

71% of retail investors lose money when trading CFDs with this provider

Notable Benefits
  • Over 13,500 financial markets to choose from and trade on an innovative trading platform with free analytical and technical indicators. MT4 and TradingView are also available, providing access to all the markets on offer.
  • Cityindex is one of the oldest and most reputable CFD brokers with a proprietary trading platform to suit anybody’s needs.

  • Through Trading Central, traders gain access to advanced tools such as Technical Analysis Tools, Market Buzz, and Trade Insights.

  • Some beginners might find the platform a bit overwhelming because of its wide range of features and flexibility.

Broker
Markets
  • Common CFD Markets +
  • Cryptocurrencies

  • Options

  • Exchange Traded Funds

Platforms
  • WebTrader

  • TradingView
Open Account

65% of retail investors lose money when trading CFDs with this provider

Notable Benefits
  • Even though SpreadEx doesn’t offer MT4, it makes up for it with a vast selection of stocks to choose from.
  • A simple yet advanced trading platform designed to make your trading experience as smooth and enjoyable as possible.

  • Access to over 10,000 markets, the Investment Trends 2023 winner of the best mobile platform and its reliability.

  • SpreadEx doesn’t provide a demo account and offers limited options for trading platforms and copy trading functionality.

Broker
Markets
  • Common CFD Markets +
  • Thematic Indices
Platforms
  • WebTrader

  • MetaTrader 4

  • MetaTrader 5

Open Account

76% of retail investors lose money when trading CFDs with this provider

Notable Benefits
  • All clients benefit from fair and ethical trading conditions, regardless of their net capital.

  • Trading tools: analytical tools, economic calendar, forex calculators, news and analysis.

  • A limited selection of markets is likely their weakest point, but they offer competitive spreads on popular assets.

A Reputable CFD Broker in Indonesia

While traders and investors from all walks of life understand the need of dealing with licenced and trustworthy providers, with so many CFD brokers on the market, they may be forgiven for feeling overwhelmed and bewildered when it comes to selecting a respectable brokerage. Traders’ requirements and needs will vary depending on their trading experience and objectives, which is why it’s critical to review what brokers have to offer and how to make the best use of the features and trading platforms provided; the comparison table above makes it simple to see what each CFD broker has to offer, along with their advantages and disadvantages. Let’s take a closer look at what to expect and how to ensure you’re trading with just the top CFD brokers.

Regulations of the Broker

When it comes to selecting a reputable Contracts For Difference broker, the first critical factor to examine is regulation. It is critical that you avoid any broker who is not regulated. Regulated businesses are therefore subject to more tighter rules, ensuring traders receive the best possible bargain and preventing unscrupulous traders or unfair business practices from affecting others’ trading success.

For the majority of traders, selecting a CFD broker is a split-second decision, and as a result, the number of traders who soon become disappointed with the service they receive is enormous. To ensure that your search proceeds smoothly, it’s critical to remember to conduct a preliminary check for regulations in order to safeguard your money, personal data, and trading portfolio from undue, illicit influence.

Regulated brokers are permitted to conduct lawful transactional business in Indonesia, and given the nature of CFDs, traders are advised to seek for a broker who is registered with a competent regulatory authority in order to obtain the level of certainty and security required. We evaluate and review ONLY licenced CFD brokers to make trading and investing easier and to save traders and investors time on research.

Reputation and Customer Feedback

You would not trust your money to the first stranger you encounter on the street; instead, you would open an account with a respected bank; why would you not do the same with CFD trading? If you want to work with a reputable broker, you should investigate its reputation and what other traders have to say about it. Fortunately, we’ve done the job for you by scouring internet forums and review sites to ensure that we only include reliable CFD brokers; organisations with whom you may trade comfortably and have a positive trading experience.

Fees and Spreads

As with any other business, CFD brokers are in it to make money, which is why they charge their clients for each trade. To have a successful trading career, it is critical to understand what fees brokers charge and how to minimise them.

Spreads are the primary source of revenue for CFD brokers; spreads are the difference between the ask and bid prices. Because traders pay the spread each time they execute a trade, narrower spreads favour traders. Unless otherwise noted, brokers’ spreads are typically changeable and alter in response to underlying market conditions; we list only brokers with competitive spreads and transaction fees to ensure traders’ trading costs remain low.

Overnight financing (swap rate) is a cost traders pay their brokers for keeping their holdings overnight. Contracts For Difference (CFDs) are a leveraged instrument in which you essentially borrow money from your broker and pay interest each night for maintaining your positions. This price is often around the relevant interest rate benchmark +/-2.5 percent, and if you want to hold your positions for an extended period of time, this fee can significantly reduce your profits, prompting you to seek a swap-free account.

The days of hidden fees like as deposit and withdrawal charges or inactivity fees are over; nowadays, CFD providers strive to keep their fees as straightforward and transparent as possible.

CFD Markets

What makes CFDs so appealing is the breadth of markets available through a single account, which is why it’s critical to compare CFD brokers to ensure you can trade the markets you desire. The comparison table above details the markets that each broker offers; while all brokers offer the same basic markets (indices, stocks, FX, and commodities), the quantity of stocks and other markets can vary significantly, ranging from 1,000 to 20,000. Before opening a CFD account, verify that your broker offers the markets you wish to trade.

Extras

Typically, CFD brokers will provide a variety of accounts to suit your trading style, experience, and volume. Ensure that you select the appropriate account for your trading needs, since this will save you time and confusion in the future.

If you’re unsure whether account is the best fit for you, it’s a good idea to phone them or contact them via live chat so they can assist you. This way, you can evaluate their customer service and ensure that you are opening the appropriate trading account; there is no shame in contacting customer support; they are there to assist you.

Indonesia’s Best CFD Trading Platforms

The CFD trading platform is a critical tool that you should familiarise yourself with and practise using in order to ensure that you understand how to place trades and orders. While brokers will supply you with a free trading system, some brokers will provide you a choice of well-known platforms. The trading programme you choose is totally up to you; however, it is recommended that you begin trading on a platform you are familiar with and understand, or that you spend some time learning how to use it efficiently. You may always test a system by starting a free demo account and then transitioning to a genuine account when you’re ready to trade.

UI – Design

Trading platforms all have fairly similar designs, and if you’re comfortable with one, you’ll be comfortable with another, so you should choose the platform that appeals to you the most. Each platform is customizable, which means you can easily fine-tune and alter it to your liking.

Trading Tools

Each platform will provide traders with a set of trading tools, but the range of tools will differ substantially, and it is critical to use the system that provides you with the tools you need to trade successfully. The majority of platforms will have an economic calendar and announcements, as well as orders, charting tools, indicators, and the ability to trade directly from the graphs. That is where the comparison table above comes in handy, as it allows you to quickly determine which trading tools are accessible on each platform and which brokers offer additional free services.

If you are new to trading and are just getting started as a CFD trader, it is critical that you do not become overwhelmed by the number of tools available; just because your trading platform has some excellent capabilities, does not mean you must utilise them all at once. Utilize tools intelligently and only when necessary; just because your charting programme includes 50 indicators does not imply you must utilise all of them on every transaction.

Types of Orders

Each trader should employ orders, particularly stop loss orders, to limit losses. Before you begin trading, familiarise yourself with the order placement process to avoid misunderstanding and frustration during a live trade. Different platforms will handle orders differently; for example, some will want you to specify a price at which you wish to quit the trade, while others will require you to specify the number of “points” away from the current price. It is entirely up to you which orders to employ, if any; nonetheless, orders will save you time and help you maintain control of your emotions, as you will no longer need to sit in front of a screen monitoring every tick and panicking when a transaction goes bad.

CFD Broker Options in Indonesia

It is an evident fact that trading with a reputable and authorised CFD broker will significantly improve the enjoyment and profitability of your trading career. That is why it is critical for traders to compare and research CFD trading platforms and providers to ensure they are getting the best deal possible; it may sound hard and time-consuming, but it will undoubtedly pay off in the long term.

The best CFD broker offers a secure trading environment, dependable trading platforms, exceptional customer support, and affordable pricing. Put your broker selection in the hands of reliable CFD brokers you can trust and rely on.

Which CFD broker is the finest in Indonesia?

It truly depends on your trading requirements, expertise, and preferences, and only you, the trader, can determine which CFD broker is the best fit for you, but your broker should undoubtedly be trustworthy and regulated.

Is it necessary for me to trade with a regulated broker?

While you are free to trade with any CFD broker, the laws are in place to safeguard you from unethical and dishonest providers. Regulated brokers provide you with better peace of mind because they are required to adhere to certain regulations and rules.

Is it beneficial to have a larger number of CFD markets?

Not always; it truly depends on the markets in which you choose to trade. Because majority of people trade only limited markets, it’s actually good to have a small range of markets to keep things tidy; why would you want to see thousands of stocks on offer if you need trade stocks?

Which CFD platform should I use?

The best CFD platform is one that gives you with all of the features and tools necessary to execute your trading strategies and achieve your trading objectives; trade on a platform with which you are comfortable.

What about the charges associated with CFD trading?

The CFD market is saturated, and spreads are extremely low on a global scale. The CFD brokers listed above offer some of Indonesia’s most competitive spreads and swap rates.