List of Trusted & Popular Forex Brokers
Unbiased Reviews. Real Insights. Smarter Trading Decisions.
Navigating the vast world of forex trading can be overwhelming. With countless brokers offering a range of services, how do you choose the right one? At TrustedFXMarkets, we make the process easier by providing:
In-Depth Broker Reviews
Comprehensive analysis covering regulation, fees, platforms, and more.
Broker Comparisons
Side-by-side comparisons to help you find the best broker for your trading style.
Latest Industry News
Stay updated with the newest trends, bonuses, and promotions in the forex market.
Best & Most Trusted Forex Brokers
We have carefully selected the best and most trusted Forex brokers in Indonesia based on their reputation, regulation, spreads, trading platforms, and customer service.
XM BROKER
4.5
Offers over 1,400 CFDs and 55 forex pairs
Trading Central enhances in-depth in-house research
Features daily videos, podcasts, and live broadcasts in multiple languages
Full MetaTrader suite supports copy trading and algorithmic tools
Standard account spreads are high
XM Zero account available only in the EU, with no average spread data
No proprietary trading platform offered
FBS BROKER
4.7
High leverage up to 1:3000 (non-EU customers) for higher-risk traders
Low spreads and commissions (from 0 pips) on most accounts
Free demo account for all account types
Free social trading app (FBS CopyTrade) to copy top investors (IFCA and FSCA regions only)
Multilingual customer support available 24/7
No withdrawal fees
Robust research and education resources
No proprietary web or desktop platforms
Some instruments have wide spreads
Limited commodity offerings
Fewer account options for EU, UK, and Australian clients compared to other regions
JUSTMARKETS BROKER
4.3
Regulated by multiple bodies, including CySEC, FSA, FSCA, and FSC, ensuring international compliance
Low minimum deposit of $10, accessible to traders of all levels
Leverage up to 1:3000, amplifying potential profits with higher risk
Offers diverse instruments like forex, commodities, indices, shares, and cryptocurrencies
Supports various trading strategies, including scalping and Expert Advisors (EAs)
Limited regulation by top-tier authorities like the FCA and ASIC
Restricted services in countries such as the United States, United Kingdom, and Japan
Inactivity fees for dormant accounts
Longer-than-expected withdrawal processing times, especially for bank transfers
EXNESS BROKER
4.8
Free VPS hosting
Instant 24/7 withdrawals, depending on the method
Segregated accounts
Swap-free/Islamic account available
High maximum leverage
Narrow spreads
Multiple trading platforms: MT4, MT5, MultiTerminal, mobile platform
24/7 customer support available in limited languages
Minimal training resources
No U.S. residents accepted as clients
HEADWAY BROKER
4.5
Regulated by the FSCA (Financial Sector Conduct Authority) in South Africa
Offers a variety of trading instruments including forex, indices, energies, cryptocurrencies, and stocks
Competitive spreads starting from 0 pips
High leverage up to 1:1000
MT4 and MT5 platforms available on desktop, web, and mobile
Educational resources, including webinars, training videos, and guides
24/7 client support
Limited regulation compared to larger brokers
High leverage may increase risks
WINDSOR BROKER
4.8
Regulated broker for added security.
Variety of trading accounts to suit different needs.
Fast and efficient trade execution.
Competitive spreads to minimize costs.
Supports MT4 and MT5 platforms.
Educational resources for traders.
Strong customer support.
Limited asset selection.
Higher minimum deposit for some accounts.
OCTA FX BROKER
4.5
Low spreads & zero commission: Starting from 0.6 pips on EUR/USD, with transparent transaction costs.
Multiple trading platforms: Available on MT4, MT5, and proprietary OctaTrader with advanced analysis tools.
Swap-free accounts: Suitable for Muslim traders with no interest-based charges.
Low minimum deposit: Starts at $25, accessible for beginners.
Copy trading available: Easy to mirror strategies of experienced traders.
24/7 customer support: Available via live chat, email, and social media.
No deposit/withdrawal fees: Free transactions for deposits and withdrawals.
Limited regulation: Registered in Saint Vincent & Grenadines, lacking stricter tier-1 regulators.
Scalping restrictions: Limited to 30 orders per minute, hindering high-frequency strategies.
HFM MARKETS BROKER
4.8
Strong regulation: Licensed by top-tier regulators including the FCA, CySEC, and DFSA, ensuring security and trust.
Wide range of instruments: Offers over 500 tradable instruments, including forex, metals, stocks, indices, commodities, ETFs, and cryptocurrencies.
Competitive trading conditions: Provides various account types with spreads starting from 0.0 pips and leverage up to 1:2000, catering to both beginners and professionals.
Advanced trading tools: Equipped with Premium Trader Tools, Autochartist, and Advanced Insights for improved analysis and strategy development.
Educational resources: Offers webinars, video tutorials, podcasts, and e-courses to support traders at all levels.
24/5 customer support: Available in multiple languages via live chat, email, and phone.
Limited platform offerings: Primarily offers MetaTrader platforms (MT4 and MT5) and the proprietary HFCopy, with limited web-based applications.
Educational content quality: While resources are available, some users find the quality and depth lacking compared to other top brokers.
Trading costs on spread-only accounts: Spreads on certain accounts, like the Cent account, may be slightly above the industry average.
