After meeting the brokerage industry from Indonesia, it doesn’t feel complete if you don’t understand the best forex brokers in the world. What are they? Here are the best forex brokers that you must know.
1. Gainscope – Best Forex Broker from Singapore
Gainscope is listed as one of the best forex brokers.
Initially, there was Gainscope which was founded in 2002 and is based in Singapore. This forex broker supports the MetaTrader4, Android MT4 and Mobile trading platforms in Indonesian.
However, Gainscope is not recommended for newcomers who want to learn trading because it requires a minimum deposit of $250 or the equivalent of around 3 million rupiah to make an initial deposit. The amount is quite large for beginner or newcomer traders.
Even so, you should just open a demo account.
Gainscope features the world’s best forex broker:
- Lots from 0.01 lots
- Regulated by CFTC, NFA, MFSA
- Spreads from 0 pips
- Mobile and tablet trading
- Accept from US dealers
- Deposit procedures with credit/debit cards, bank transfers and PayPal.
2. OctaFX – Comfortable Forex Broker for Beginners
OctaFX is the best forex broker in the Asian region with various language and country options.
OctaFX has been around since 2011, based in St. Vincent and the Grenadines. One of the best forex brokers in the world 2020 has supported Indonesian so you can trade without language barriers.
OctaFX supports various platforms from MetaTrader4, Android mt4 and mobile. You can also open a demo account to learn to trade. However, if you feel trained and want to open a real account, you need to prepare a minimum deposit of $ 5 or around 75 thousand rupiah.
OctaFX Best Trading App Features 2020:
- Smallest lot 0.01 lot
- Regulated by IFSA, 19776 IBC 2011
- 50% deposit bonus
- Floating spread from 0 pips
- Deposit method using local banks, bank accounts, Moneybookers, Perfect Money,
- Visa/Mastercard, Phasepay, CashU and internal transfers.
3. Financial Broker Success Indonesia (ID FBS)
Financial Broker Success (FBS) is also one of the most trusted and best forex brokers today. Many traders from all over the world have used it, one of which is Indonesia.
This broker has provided Indonesian so that local traders are not limited by the language.
Financial Broker Success (FBS) Features Financial Broker 2020:
- Smallest lot 0.01 lot
- Minimum deposit $1
- Regulated by crfin, Cysec, IFSC
- Free demo account
- 100% deposit bonus
- From 0 pips
- Supports trading via smartphone and tablet
- Deposit methods can be via bank account, local bank, credit/debit card, and many more.
4. XM Broker – Best Forex Broker in Asia
XM Forex is included in the ranks of the best forex brokers in Southeast and South Asia.
The second best forex broker in the world is XM which is headquartered in Cyprus. This XM broker is a subsidiary of the industry under the auspices of Trading Point Holding Ltd.
XM Forex is a financial investment services company based in Cyprus.
XM Broker was officially established in 2009 and is also trusted by many traders from all over the world including Indonesia.
This broker has a Metatrader trading platform and also offers Indonesian. Not only that, the best trading application in 2020 also supports mobile and tablet platforms.
XM Forex World Features 2020:
- Smallest lot 0.01 lot
- Minimum deposit $ 5
- Free demo account
- 15% promotional bonus
- Regulated by FCA UK, CySEC, BaFin, ASIC
- Spreads starting from 1 pips
- Deposit procedures from Western Union, wire transfer, Webmoney, Fasapay, credit/debit cards and many more.
5. HotForex
HotForex has branches in various countries including Asia and Europe.
HotForex is a Caribbean-based broker and is one of the largest brokers in the world in terms of daily volume.
This broker offers different platforms from websites, mobile and also Mac with the MT4 program.
HotForex is known for its client fund security system, which has won many awards.
World’s Best Forex Broker Features From HotForex:
- Regulated by CySEC, FSC (none for US clients)
- Type: STP
- Minimum deposit: $5
- Leverage up to 1000: 1
- Country: St. Vincent and the Grenadines
- Supporting instruments: commodities, stocks, CFDs, indices.
6. Tickmill – Forex Broker
Tickmill is included in the ranks of forex brokers that require great expertise and knowledge.
Tickmill is a trading platform founded in 2014, therefore it can be said to be relatively new.
This international broker is widely trusted by traders. Tickmill has 2 trading platforms, namely Metatrader and Webtrader.
The minimum deposit here is around $25 or around 350 thousand rupiah. However, newcomers can learn first with a demo account before opening a real account.