Best Trading Platforms Indonesia Reviewed

What we like 

Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.

2. eToro – Best Trading Platform For Beginners in Indonesia 

eToro is the overall best trading platform for beginners in Indonesia, providing users with multiple diversification opportunities. eToro also boasts one of the best trading apps in Indonesia, allowing users to access all the same features as the desktop platform. 

A multi-asset platform, eToro supports the investment of thousands of stocks, indices, ETFs and commodities. Furthermore, this platform lets users invest in cryptocurrency. With eToro, investors can trade over 70 + cryptocurrencies. Users can buy Bitcoin, Ethereum, Dogecoin and a wide range of popular crypto assets.

Investors must complete a quick registration and verification process to begin trading with eToro. U.S and U.K investors only need to invest a $10 deposit to get started. Furthermore, the platform supports credit/debit cards, bank transfers and e-wallets like PayPal and Skrill as payment options. 

A social trading platform, eToro allows 27 million + users to invest with each other’s help. With eToro, users can access a popular “Copy Trading” tool. As the name suggests, users can copy the actual trades of skilled investors after reviewing their past returns and stock portfolios. 

Spot trading on stocks and ETFs on eToro require no commission charges while buying and selling. Furthermore, there are no management fees, ticket fees or additional broker fees to be paid. 

Users must pay a 1% trading fee and a bid/ask spread rate when investing in cryptocurrencies. 

A global trading platform, eToro is regulated by multiple top-tier regulatory bodies, including the CySEC, FINRA and ASIC.

What we like 

Your capital is at risk. 68% of retail investor accounts lose money when trading CFDs with this provider.

3. Crypto.com – Best Crypto Trading Platform 

Launched in 2016, Crypto.com is our recommend best crypto trading platform in Indonesia. Indonesian users looking to diversify into the digital assets sector can do so with Crypto.com, a global crypto exchange that supports over 250 + crypto assets on its intuitive trading app. 

With Crypto.com, users can earn interest on crypto-assets by staking tokens and earning an APY (Annual Percentage Yield) as high as 15.5%. Crypto.com lets users invest in CRO – its native crypto token. With CRO – users can earn 2% additional interest on assets. 

With the Crypto.com VISA card, users stand the chance of earning between 5% to 8% cashback when buying and selling crypto assets. Furthermore, Crypto.com also supports an NFT marketplace, which can be used for trading unique digital assets. 

Crypto.com’s best crypto trading platform, Crypto.com, charges a simple maker/taker fee of 0.40% per trade. However, buying crypto with debit/credit cards will cost 2.99% per transaction. Alternatively, ACH wire transfers can be used to buy crypto for just $20 without any additional transactional costs. 

What we like 

Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.

4. Coinbase – Participate in Governance on crypto Networks 

Coinbase is a global cryptocurrency trading platform with more than 98 million verified investors using its services. With the

Coinbase desktop platform and app – users can gain access to more than 100 crypto trades instantly.

Notably, this cryptocurrency trading platform supports more than 250 + digital assets with its Pro feature. Along with staking for interest-earning purposes, coins can be staked to participate in network governance. 

Depending on the number of tokens staked for particular crypto, users can access voting rights on popular blockchain networks with Coinbase. With this crypto trading platform, users must pay a 1.49% commission fee and a maker/taker fee starting at 0.50% per transaction. 

Coinbase offers a digital wallet, giving users full control of their crypto assets. Cryptos can be accessed with a private key on the Coinbase wallet, providing users with the opportunity to store assets offline. 

Coinbase stores 98% of users’ assets in cold storage, which prevents them from online phishing and hacking. 

What we like 

Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.

5. Skilling – Trade multiple assets using 70+ indicators

Skilling is a popular Forex, CFDs, stocks, indices and cryptocurrency broker available in Indonesia. Skilling’s in-house platform features include 70+ trading indicators, such as moving averages and MACD options.

Skilling’s platform is available on a web browser and mobile – on iOS and Android. 

Giving users access to more than 70 currency pairs and over 300 CFD equity options, Skilling can be a suitable option for diversification opportunities.

The platform charges a spread of 0.7 pips on its standard account for all FX pairs. With the premium account, the spread reduces to 0.1 pips and a nominal value fee of 0.006%. 

With leverage trading options for active traders, a Skilling trade assistant feature can be accessed by beginners. This tool allows users to easily learn how to make new trades with a virtual assistant. 

What we like 

6. Binance – Invest in 600+ cryptocurrencies

One of the largest cryptocurrency trading platforms in the world, Binance supports crypto trading opportunities for all

Indonesian clients. With Binance, users can buy, sell and trade more than 600 cryptocurrencies. Binance Earn is a handy tool that can be used to earn interest in popular cryptos such as Bitcoin. 

This trading platform stands out due to the low fees offered on trades. Binance provides a low maker/taker fee, beginning at only 0.1%. The fees can decrease by a further 25% by holding BNB tokens – Binance’s native token. 

Binance offers clients leverage and margin trading features, allowing them to increase the trading valuations and trade future price movements. However, this feature may be suitable for traders with a high-risk tolerance. 

With referral-earning opportunities and the chance to take out crypto loans, Binance provides a range of ways to earn money on its trading platform. 

What we like 

Cryptoassets are a highly volatile unregulated investment product.

7. Libertex – Best Online Trading Platform in Indonesia

Libertex is a CFD trading platform and the best online trading platform in Indonesia. It is a unique trading platform that allows

users to trade from mobile devices, laptops and desktop PCs.  Libertex supports trading in 250+ CFD instruments, including forex, crypto and metals.

Users can apply leverage as high as 1:30 and begin trading without holding the underlying asset. 

With a minimum deposit of 100 EUR, users can deposit their fiat currency using bank transfers, credit/debit card payments and internet banking. After funding an account for the first time, the minimum deposit reduces to 10 EUR. 

Libertex usually charges a low spread beginning at 0.1 points on CFD trading. Furthermore, commissions at this online trading platform begin at under 0.1% per transaction.

Along with Libertex’s device, users can access the MT4 trading platform as well and get access to an automated trading platform. Regarding safety, Libertex is regulated by CySEC and has provided online trading opportunities since 1997. 

What we like

8. Interactive Brokers – Trade in 135 + International Markets

Providing access to over 135 international markets in more than 33 countries, Interactive Brokers (IBKR) can be used to diversifyassets across various indices. Investors can trade stocks in the U.S, Asia and Europe and access multiple ETFs and mutual funds. 

With Interactive Brokers, users can invest in upcoming IPOs and US-based stocks. The pricing structure changes per trading amount for U.S-based equities- however, a maximum of 1% per share and a minimum of $1 may be charged with IBKR. 

For cryptos, IBKR charges a minimum trading fee of 0.18% for transactions with a trading volume of USD 100,000 or below. Furthermore, users with a standard brokerage account do not have any minimum deposit and can begin fractional investing with only $1. 

With IBKR, users can access the TraderWorkstation (TWS) platform. This is a powerful tool for advanced and skilled traders – giving access to technical analysis tools, company fundamental data and ESG scores of top firms. 

What we like

9. Forex.com – Best Forex Trading Platform

Forex.com is the best forex trading platform in Indonesia, offering more than 3,500 CFD and forex trading options to users. The platform also supports cryptocurrency CFDs; however, purchasing the underlying asset is not an option. 

This broker also has one of the best trading apps in Indonesia, thanks to the app’s minimalist design and simple interface. Moreover, the Forex.com app supports complex order types, market alerts and trailing stops. 

Powered by TradingView, the app includes over 80 indicators and various drawing tools to conduct technical analysis. Forex.com’s standard account provides an average spread of 1.1 pips on EUR/USD trades. 

Forex.com is regulated by the FCA, IIROC, JFSA and CFTC. 

What we like 

10. IG – Publicly Traded Forex Broker

Launched in 1974, IG is one of the largest CFD brokerages in the world.IG is considered a safe brokerage to begin trading since it is listed on the London Stock Exchange and has a market cap of $3 billion. 

Among the asset classes offered by IG are ETFs, options, Forex, stocks and IPOs. IG charges trading commissions for share CFDs, stocks and options. For example, stocks usually charge a 0.10% commission per trade. A spread of 0.9 pips for forex can apply when trading EUR/USD. 

Other than that, all CFD and spread betting markets can be traded commission-free.

The minimum deposit with a credit card is $300, while there is no minimum deposit with bank transfers. IG is a suitable option for pre-built portfolios – offering a range of ETFs, mutual funds and investment trusts to choose from. 

The MT4 trading platform is available to actively connect users looking to trade CFDs. 

What we like