Best CFD Brokers in Indonesia 2024

There are a number of CFD brokers that offer their services to investors in Indonesia. Some of the leading brokers in the country include AvaTrade, Multibank, XTB, Pepperstone and Tickmill. These brokers offer a variety of products and services that can be used by investors to trade a wide range of financial instruments.

CFD trading allows investors to speculate on the price movements of a wide range of assets without actually owning them. This type of trading is very popular with investors as it allows them to take advantage of price movements in the markets without incurring the full costs of ownership.

CFD brokers offer a variety of products and services that can be used by investors to trade a wide range of financial instruments.

Best CFD Brokers in Indonesia

Best CFD Brokers in Indonesia

It's not an easy task to choose a reliable CFD broker. But AtoZ Markets has made your job easier. We have curated top 5 CFD Brokers in Indonesia by doing extensive research. The Best CFD Brokers in Indonesia are: logo is a highly regarded online CFD trading platform that has gained recognition as one of the best brokers in Indonesia. With its comprehensive range of financial products and services, strict regulatory oversight, and user-friendly trading platforms, offers Indonesian traders a reliable and feature-rich trading experience.

Regulations operates under the supervision of reputable regulatory bodies, ensuring transparent and fair trading practices. The following regulatory authorities oversee its operations:

Seychelles Financial Services Authority (SFSA): SFSA regulates 360 Degrees Markets Ltd, the entity registered in Seychelles associated with

South African Financial Services Conduct Authority (FSCA): GT IO Markets (PTY) Ltd, a company registered in South Africa, falls under the regulatory purview of the FSCA.

Vanuatu Financial Services Commission (VFSC): GT Global Markets Ltd, registered in Vanuatu, is licensed and regulated by the VFSC.

Cyprus Securities and Exchange Commission(CySEC), available only for Institutional clients.

Trading Platforms provides Indonesian traders with two advanced trading platforms:

MetaTrader 4 (MT4): A user-friendly platform with a wide range of features suitable for traders of all levels.

MetaTrader 5 (MT5): A more advanced platform offering additional features like algorithmic trading for experienced traders.

Product Offering

From the traditional world of Forex and Stocks to the cutting-edge realm of NFTs and DeFi Tokens, offers a comprehensive trading experience. The platform includes trading on major Cryptocurrencies, Precious Metals, Energies, Indices, and their exclusive GTi12 Index. With its wide array of asset classes, is a go-to platform for both novice and experienced traders.

Customer Support values its Indonesian traders and provides exceptional customer support through various channels 24/7:

Multilingual Support: Indonesian traders can communicate with's customer support team in English, Japanese, and Chinese.

24/7 Availability: Customer support is accessible round the clock, ensuring assistance at any time of the day. Support channels include live chat, email, and phone. Pros and Cons Pros

  • Easy-to-use Platform:'s user-friendly interface makes it accessible to traders of all experience levels.
  • Wide Range of Assets: Offering a diverse array of assets, allows traders to diversify their investment portfolios.
  • Advanced Trading Resources: The platform offers advanced trading tools such as charts, indicators, and technical analysis tools.
  • 24/7 Support:'s dedicated customer support team is always available to help resolve issues and answer questions.
  • Regulated Operations: As a regulated broker, provides an extra layer of security and trust to its users. Cons

  • Limited Access: Unfortunately, is not available to users in the USA or the European Union. emerges as one of the best brokers for Indonesian traders due to its strong regulatory compliance, extensive range of trading products, user-friendly platforms, and reliable customer support. While it has slightly higher spreads and a relatively high minimum deposit, these factors are outweighed by the overall benefits and features offered by the broker. Indonesian traders can trust to provide a secure and enriching trading experience.

Want to try FXGT, You can do so by clicking the following link:


AvaTrade is one of the best CFD brokers for Indonesian traders. This broker offers a wide range of currency pairs, low spreads, and a variety of trading platforms to choose from.

AvaTrade logo

image credit: AvaTrade

AvaTrade Regulations

AvaTrade is licensed and regulated by numerous regulators around the world:

Ireland and Cyprus: Avatrade is regulated by the Central Bank of Ireland and Cyprus Securities and Exchange Commission in Europe.

Poland: AvaTrade is regulated by the Polish Financial Supervision Authority.

Australia: AvaTrade is regulated by ASIC in Australia.

Global: AvaTrade Global AvaTrade has been supervised by the British Virgin Islands Financial Services Commission for its international operations.

Japan: AvaTrade is regulated by the Financial Services Agency and Financial Futures Association of Japan in Japan.

Middle East: AvaTrade is under the supervision of Financial Regulatory Services Authority (FRSA) for the Middle East.

Israel: AvaTrade is regulated by the Israel Securities Authority in Israel.

AvaTrade Trading Platforms

The broker has a wide range of different trading options that are manual, which include the popular MetaTrader 4. MetaTrader 5, WebTrader, AvaOptions for options trading and AvaTradeGo to trade on the go.

Automated trading is offered by DulpiTrade and ZuluTrade.

AvaTrade Products

They provide a range of over 55 Forex pairs, 14 cryptocurrency CFDs of stocks of large corporations across the world, ETF, Bonds, Indices and Commodities. Spreads for brokers begin at zero and leverage could be as low as 1:400.

AvaTrade Cost

AvaTrade is not a fee or charge for trades or transactions. Profits are generated through spreads and swaps that are generated through trading.

The minimum amount to deposit will be 100 USD in your currency of choice.

When you transfer funds to E-wallets or credit cards The minimum amount will be one currency base for your account. If you make a bank transfer withdrawal the minimum amount you can withdraw will be 100 base currencies.

AvaTrade Customer Support

The broker also provides live chat support through chat bots or live chat agents. They also offer WhatsApp help and telephone assistance 24/7. We've checked their chat live. They are very prompt in their responses.

Telephone support is not available 24/7 but is available during business hours in your local time zone from Monday to Friday.

Read Full Review of AvaTrade

AvaTrade Pros and Cons


√ A wide range of instruments are available that comprise Cryptocurrencies, Forex, Indices, Bond CFD.

√ Regulated by CySEC, ASIC, Central Bank of Ireland and other regulatory authorities around the world.

√ The client's funds are kept in separate accounts to provide more security.

√ AvaTrade has been serving clients since 2006 and is a well-established broker.

√ AvaTrade has been licensed to operate for use in Europe, Australia, Japan, British Virgin Islands, UAE and South Africa.

√ Customer support is extremely prompt in responding.


- AvaTrade is not available in Belgium, Brazil, Democratic People's Republic of Korea (DPRK), Ethiopia, France, Greece, Iran, Iraq, Japan, Latvia, Lebanon, Myanmar (Burma), North Sudan, Syria, Turkey and the USA.

- Support via telephone is not available 24 hours a day and 7 days a week.

Want to try AvaTrade, You can do so by clicking the following link:


Multibank is one of the largest CFD brokers in the world and is based in London. The company offers a wide range of currency pairs and CFDs for clients to trade. 

MultiBank Group reveals new crypto brand,

image credit: Multibank Group

MultiBank Regulations

MultiBank Group consists of several companies that are heavily controlled across five continents by ten financial regulators across a variety of areas, ensuring protection for investors.

Australia: MEX Australia is governed through the Australian Securities & Investments Commission with AFSL numbers 416279.

Germany: The broker is regulated by The Federal Financial Supervisory Authority (BAFIN) with license number HRB 73406.

Austria: MEX Asset Management GmbH -Austria branch is licensed and regulated under the Financial Markets Authority (FMA) under licence number 491129z.

Cayman Islands: MEX Atlantic Corporation is licensed and controlled through CIMA. Cayman Islands Monetary Authority (CIMA) with license number 1811316.

British Virgin Islands: Multibank FX International Corporation is licensed and controlled under the Financial Services Commission of the British Virgin Islands (FSC) under license number SIBA/L/14/1068.

Hong Kong: Red Rock Pay Ltd is licensed and is regulated under the supervision of Hong Kong Customs and Excise (HKCE) Department under license number 18-11-02612.

Singapore: MEX Global Markets PTE. LTD. is authorized and controlled through Singapore's Monetary Authority of Singapore (MAS) with license number CMS101174.

Pacific Region: MEX Pacific (V) Ltd is licensed and regulated by Vanuatu Financial Service Commission (VFSC) and has a license number 700443.

Multibank Trading Platforms

Traders can choose a platform among a list of trading platforms of MultiBank Group. They offer the following trading platforms.

MetaTrader 4

MetaTrader 5


Social Trading

Mobile App

MultiBank Products

If we see the investment options, MultiBank offers Forex, Metals, Shares, Indices, Commodities and Cryptocurrencies. 

MultiBank provides 55+ major, cross, and exotic currency pairs, and gives the tightest spreads. Their EUR/USD spreads start from 0.0 pip in an ECN account. If you are a mental lover, MultiBank has Gold, Silver with 7 CENTS Tightest spreads on Gold, 3 CENTS Tightest spreads on Silver. MultiBank offers CFDs on stocks. They have 20,000 equities of the largest multinational companies listed on the top stock exchanges in the world. 

MultiBank has major indices from all over the world. You can trade major indices like US30, SP500, DE30, UT100, UK100, AUS200 and more. They provide 16 major commodities by CFDs. Spreads start with zero pip and have lower margin. Multibank offers Crypto-Fiat pairs for trading. For example, they have BTC/USD (Bitcoin), ETH/USD(Etherium), LTC/USD (LiteCoin), RPL/USD (Ripple) and more. 

MultiBank offers three types of accounts.  Standard, Pro, ECN accounts and Demo accounts. All account types support Social Trading.

They have Islamic accounts for Shares, Crypto, Indices and Commodities. Swap Free account is only available with Standard account.

They also have a Mex Sports account exclusively for the MT5 platform.

For Forex, spreads start from zero in an ECN account and vary according to your account type.

MultiBank provides 1.500 leverage on forex and metals.  For shares 1:20, For Indices 1:100, for crypto 1:20

If you are also into Forex trading, we recommend the following three forex brokers.

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MultiBank Cost

They do not have any commission for Standard and Pro accounts but for ECN  accounts they charge $3 per lot.

They have a wide range of deposit methods including bank transfers and cards.

Minimum withdrawal amount is $50 for card and online and for bank transfer it's $100.

They do not have any deposit or withdrawal fees.

Deposit and Withdrawal time vary depending on the payment methods as they have so many methods.

MultiBank Customer Support  

Trading requires a lot of customer support from brokers. They provide 24/7 support which is really amazing. Their customer support is available via Whatsapp, form filling, live web chat and 24/7 phone call. We found their web chat very responsive.

Read Full Review of Multibank

Pros and Cons of Multibank


√ They offer 20,000+ assets

√ Low spreads from 0 pips and maximum leverage of 1:500

√ They have MAM/PAMM accounts and proprietary copy trading platform

√ Multibank provides ECN trading with deep liquidity and no requotes


- Scalping is not allowed on Multibank

- They have limited education resources

Want to try Multibank? You can do so by clicking the following link:


XTB has its headquarters in Warsaw, Poland. Established back in 2005, this broker has offices in 13 countries, such as the UK, Poland, Germany, France, UAE and Chile. XTB is one of the best CFD Brokers in Indonesia.


image credit: XTB

XTB Regulations

XTB is multi licensed around the world.

United Kingdom:  The Forex broker is regulated by the UK Financial Conduct Authority (FRN 522157).

Dubai: XTB MENA Limited is licensed by  DFSA (Dubai Financial Services Authority)

EU: XTB Limited is authorised and regulated by the Cyprus Securities and Exchange Commission with CIF Licence number 169/12

Non EU/UK: XTB International Limited is authorised and regulated by the International Financial Services Commission in Belize. (IFSC License No.: 000302/185).

Other than that, XTB as a group is also regulated by the authorities including the KNF, IFSC, CMB and FSCA. 

XTB Trading Platforms

Trading Platform: xStation (Web Based, Desktop, Android, iOS, Tablet). There are a myriad of tools for analysis of technical data available on the platform. You can find 27 drawing tools as well as 37 technical indicators.

XTB Products

They offer 1849 CFDs on stocks, 138 ETFs, 23 commodities, 36 indices, 5 cryptocurrencies, and 57 forex pairs.

Read More: Best Forex Brokers in Indonesia 2024

XTB Cost

The average spreads on the EUR/USD stood at 0.91 pip and minimum deposit is $250.

There are no fees for depositing through bank transfer, credit card and debit cards. They charge a 2% fee for Skrill and 1% for Neteller deposit.

XTB Limited doesn't charge any fees for withdrawal if the amount is above $60. Demo account is for a limited time. So if you want you can try multiple demo accounts to test their platform. For forex trading, they have no commission.

XTB Customer Support

Support for customers is available 24/7 and If you have any queries, you can reach them through the chat. The platform is brimming with tools for fundamental and technical analysis as well as educational resources.

Read Full Review of XTB

Pros and Cons of XTB


√ XTB xStation platform suite offers excellent functionality, along with a broad selection of features and tools for trading.

√ XTB offers low spreads

√ XTB provides a wide selection of comprehensive educational videos as well as written content. It also offers more than 200 lessons through their Trading Academy.

√ XTB U.K. recently launched Zero-dollar-commissions for CFDs in shares.


- MetaTrader 4 is not being promoted by the XTB's U.K, Poland, and Cyprus branches, though it is still available to request through the various locations around the world XTB offices.

- The custom investment basket tool was temporarily removed from the xStation 5 platform.

If you want to give it a try with XTB, you can use the link  below:


Pepperstone is a global online broker that offers CFD trading on a variety of assets, including forex, indices, commodities, and shares.

Pepperstone logo

image credit: Pepperstone

Pepperstone Regulations

Pepperstone is a multi-licensed forex broker. The broker is controlled with the help of the following authorities.

United Kingdom: Pepperstone is licensed and is regulated through the Financial Conduct Authority (FCA) in the UK.

Germany: Pepperstone GmbH is licensed and regulated by the German Federal Financial Supervisory Authority (BaFin).

Australia: The broker is regulated by Australian Securities and Investments Commission (ASIC) in Australia.

Dubai: Pepperstone is regulated by the Dubai Financial Services Authority (DFSA).

Global Pepperstone Markets Limited is located at Sea Sky Lane, B201, Sandyport, Nassau, New Providence, The Bahamas and is licensed and controlled by The Securities Commission of The Bahamas,( SIA-F217).

Pepperstone is also controlled in the form of CMA, and CySEC.

Pepperstone Trading Platforms

Pepperstone provides MetaTrader 5 and 4, as well as cTrader to facilitate Forex transactions across Thailand. MT4 and MT5 provide industry-standard features that all brokers offer.

cTrader of Pepperstone offers the environment that is ideal for institutional trading. CTrader is the best platform for those beginning their journey into trading. It also lets you fill orders using advanced cTrader functions.

Pepperstone also offers Social trading facilities via myfxbook as well as DulpiTrade.

Pepperstone Products

Pepperstone provides 60+ currencies with low spreads  and more than 24 CFD cryptocurrencies, Stock CFDs of AU, US, UK and German shares, ETF CFDs, Index CFDs, as well as Commodities.

Pepperstone offers two kinds of accounts for Thailand traders. 1. Razor Account 2. Standard Account. The broker provides leverage of 1:500 to Forex trading.

Cost of Pepperstone

The initial minimum deposit for Pepperstone is $200. The minimum amount for withdrawal is $20. The deposit or withdrawal charge, except for the transfer to a bank account.

Standard Account does not have a commission but spreads are very high. On the other hand, Razor spreads for accounts start at zero pip. Commission is $7 for a standard lot.

Pepperstone Customer Support

Pepperstone can be reached any time, via a variety of ways, including e-mail, phone, and Live chat directly. Live chat is the first option to use. You'll be greeted by an automated chatbot. If the bot isn't in a position to answer your queries then you'll be offered the option to speak to an agent in live chat.

Read Full Review of Pepperstone

Pepperstone Pros & Cons


√ Access to more than 60 foreign exchange pairs.

√ Leverage is available to both forex and cryptocurrency traders

√ An array of instructional tools and courses that professionals and novices will take advantage of.

√ 24/7 customer service


- The broker isn't currently accessible to U.S. traders.

- It is not possible to purchase stocks, bonds and mutual funds on the spot, only CFDs are available.

Want to trade with Pepperstone? You can do so by clicking the following link:


One of the best CFD brokers in Indonesia is Tickmill. They offer a wide range of features and benefits, including a demo account so you can practice trading before putting any real money down.  

Tickmill logo

image credit: Tickmill

Tickmill Regulations

Tickmill is a multi licensed and regulated CFD broker. The broker is regulated by the following regulatory authorities:

United Kingdom: Tickmill UK is regulated by by the Financial Conduct Authority (FCA) 

Europe: Tickmill Europe Ltd is authorised and regulated by the Cyprus Securities and Exchange Commission (CySEC).

Seychelles: Tickmill Ltd is regulated by the Seychelles Financial Services Authority (FSA).

Malaysia: Tickmill Asia Ltd is licensed and regulated by the Labuan Financial Services Authority, Malaysia.

South Africa: Tickmill South Africa Pty is regulated by the Financial Sector Conduct Authority of South Africa (FSCA).

Tickmill Trading Platforms

Tickmill trading platforms are designed for a variety of different types of traders. The Tickmill Web Trader platform is a simple and user-friendly platform that is perfect for beginners. Tickmill MetaTrader 4 and MetaTrader 5 are  more advanced platforms that are ideal for experienced traders. 

Tickmill also offers mobile trading platforms for iPhone, iPad, and Android devices. 

Tickmill Products

Tickmill clients can trade a wide range of instruments, including forex, CFDs, stocks, futures, and metals. Tickmill provides its clients with tight spreads, fast execution, and negative balance protection. 

Tickmill offers 60+ currency pairs, it also offers 27+ Stock indices and oil. Tickmill also offers 8 Crypto pairs, 4 bonds and 3 metals to Malaysian traders. On MT5, Tickmill offers stock CFDs.

Tickmill has Classic, Pro, VIP, Islamic and Demo Accounts.

Cost of Tickmill

Minimum deposit of classic and Pro is $100 but for VIP account, minimum balance should be $50,000. 

For the classic account, there is no commission and spreads start from 1.6 pips. For Pro account, commission is $2 per side per standard lot and for VIP account, commission is $1 per side per standard lot. For both Pro and VIP accounts spreads start from zero pips. All types of accounts have Islamic account option. Leverage for Forex trading is 1:500. 

Deposit and withdrawal are free. Minimum deposit amount is $100 and minimum withdrawal amount is $25. 

Tickmill Customer Support

Tickmill's customer support is available via email, live chat, and phone. We found the phone support to be fast and the answers relevant. 

Tickmill's live chat service is moderately fast, however staff members are willing to assist. For instance they'll take pictures for you to help clarify things. Only thing we did not have was the availability of 24/7. Overall, we were satisfied with Tickmill's customer support.

Read Full Review of Tickmill

Pros and Cons of Tickmill


√ Customer support is responsive, multilingual and 24/5.

√ Payment options are good

√ Secured deposit and fast withdrawal.

√ Welcome account bonus

√ Low spread & High leverage. 


- Only a small selection of market options are available to trade.

- The pricing of Tickmill's Classic account isn't the same as other competitors.

Want to trade with Tickmill? Open a live account with the broker:

Trade CFDs with Tickmill

Best CFD Brokers in Indonesia 2024

How to Choose CFD Brokers in Indonesia?

When it comes to choosing a CFD broker in Indonesia, there are a few things you need to take into account. The factors you need to consider are regulations, trading platforms, products, cost and customer support. Let's take a closer look at each one.

Regulations: Indonesia is part of Asia, which means that brokers operating in the country need to be regulated by the reputable financial regulators. Make sure that your broker of choice is regulated by reputable regulatory authorities before you open an account.

Trading Platforms: The trading platform is the software that you will use to place trades. Some brokers offer their own proprietary platform, while others use popular platforms like MetaTrader. Make sure that you test out the platform before you commit to an account.

Products: CFD brokers offer a wide range of underlying assets that you can trade. These include forex pairs, stocks, indices, commodities and more. Make sure that the broker you choose offers the assets that you are interested in trading.

Cost: CFD brokers make money by charging a spread on each trade. This is the difference between the bid and ask price of an asset. Make sure that you compare the spreads offered by different brokers before you decide on one.

Customer Support: When you are trading, you will need customer support at some point. Make sure that the broker you choose offers excellent customer support. You should be able to get in touch with them easily and they should be able to answer your questions promptly.

These are just a few of the things you need to take into account when you are choosing a CFD broker in Indonesia. Make sure that you do your research and compare different brokers before you decide on one.

Best CFD Brokers in Indonesia 2024

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