Forex Brokers Based in Indonesia

Fifty-four brokers on WIKILIX list a registered address in Indonesia, and this page ranks every one of them by overall score. Almost all are local commodity futures houses licensed by BAPPEBTI, the Indonesian regulator, and cleared through the Jakarta Futures Exchange or ICDX. That makes Indonesia unusual among country pages: elsewhere the home-grown firms tend to carry foreign paper, but here 50 of the 54 hold the local licence.

Read the title precisely. A registered address in Jakarta is not permission to take your money, and it is not the same as where a firm accepts clients from. Most of these companies were built to serve Indonesian residents, but a few are shells or non-broker entities that happen to share the country field. The address is the boundary this page draws, and it is the only one.

What BAPPEBTI, the JFX and ICDX actually cover

BAPPEBTI (Badan Pengawas Perdagangan Berjangka Komoditi) sits under Indonesia's Ministry of Trade and licenses retail forex and commodity futures. A properly licensed broker is also a member of one of the two exchanges, the Jakarta Futures Exchange or the Indonesia Commodity and Derivatives Exchange. Among the 54 firms here, 50 record a BAPPEBTI licence, 22 sit on the JFX and nine on ICDX. WIKILIX classes all three authorities as tier three, which describes how much cross-border protection they carry for a trader, not whether the licence is real.

The scores run low next to the UK or Australian pages. The median across these 54 firms is 27.2, the highest is Tradiso at 56.5 and the lowest, Equityworld Futures, sits at 15.3. Age is steadier: 30 of the firms opened before 2010, the oldest dedicated brokerage, MRG Mega Berjangka, has traded since 1998, and the single oldest entry on record, the bank SIBL, dates to 1991.

The names you expected here, and why they are missing

A trader in Jakarta hunting for a broker usually has a few global platforms in mind. Most of them will not show up on this page, because they are incorporated in Cyprus or an offshore hub rather than Indonesia, even when they hold or want a BAPPEBTI permit to reach Indonesian clients. This list is the mirror image of that search: firms whose registered home is Indonesia, whoever they ultimately serve. For the global brands, the licence that protects your account is usually booked to a separate company in another country, and that is the one to check.

Before you open an account with any of them

• Confirm the exact PT entity printed on your contract. Several groups here run more than one licensed company, and only the entity you sign with is the one BAPPEBTI supervises.
• Verify the licence yourself at bappebti.go.id under Market Practitioners, then cross-read the regulator's Investor Alert list for the same name.
• Weigh the status flag. Eleven of these 54 firms carry a WIKILIX caution: five marked offshore, four with no regulation on record and two flagged as suspicious clones. Two higher-scoring names, esaFX and Soegee Futures, are among them.
• Read the leverage before the marketing. Recorded caps reach 1:1200 at Soegee Futures, far beyond what a tier-one regulator permits, so a high ceiling reads as risk rather than generosity.

None of this rates spreads or execution quality, because WIKILIX holds no verified figures for them. What the page fixes is one fact plainly: which forex and futures firms are genuinely headquartered in Indonesia, and what each is licensed to do. Confirm any licence on BAPPEBTI's own register before you deposit a rupiah.