Online forex trading has become one of the popular ways to invest and make money online. For traders in Indonesia, having access to online forex trading applications is key to taking advantage of the dynamic foreign exchange market.
Choosing the right online forex trading application is a key step in your trading success. All the platforms mentioned below are trusted and reliable choices for traders in Indonesia. However, it is important to try several platforms and adapt them to your trading style and preferences. So in this article, we will review nine trusted online forex trading applications that can be used by Indonesian traders.
1. HSB Investasi
The forex trading application from HSB Investasi has been designed to simplify your trading process wherever and whenever you want. The HSB platform provides a variety of advanced trading features, including stop-loss and profit target options, various technical analysis indicators that you can choose from, as well as daily analysis notifications that are useful for monitoring market price movements.
Apart from that, the process of depositing and withdrawing funds from a real account can be done quickly via the application trading HSB which can be accessed on any device you use.
Talking about trading on the HSB Investasi platform, there are several important things you need to know:
Regulation & Security: HSB Investasi is regulated and supervised by CoFTRA, providing confidence that this platform operates in accordance with strict regulations and standards. HSB Investasi has a segregated bank account which is supervised by ICH and Bappebti to ensure the security and transparency of customer deposit funds.
You are always reminded to be careful of fraudsters claiming to be HSB. Make sure to transfer funds only to the official HSB Investasi account number which is supervised by ICH and BAPPEBTI to protect your investment.
Trading Instruments: HSB provides a variety of trading instruments, including 17 popular forex currency pairs, 20 US stocks, 5 types of indices, and 3 commodities (Gold, Silver and Oil). You can diversify your trading portfolio according to your preferences. (https://www.hsb.co.id/live-quotes).
Trading Accounts: There are six types of trading accounts that you can choose according to your needs and preferences. Each account has different features and benefits that come with MetaTrader 5.
Minimum Deposit: For ultra-low accounts, you only need to deposit a minimum of IDR. 600,000, with a fixed exchange rate of $1 = Rp. 12,000. This provides flexibility in managing your capital.
Leverage and Minimum Lot: You can use trading leverage up to 1:200, and the minimum lot size is 0.1 lot.
Address: Jl. General Sudirman No. Kav. 27 4, RT.4/RW.2, Kuningan, Setiabudi District, South Jakarta City, Special Capital Region of Jakarta 12920. (021) 50122288
2. MetaTrader
MetaTrader, which includes MT4 and MT5, is one of the most popular trading platforms worldwide and has become the first choice for many traders. This platform is offered by various trading companies around the world. MetaTrader is known for its reliability in trading, high level of security, superior data quality, and easy-to-understand interface.
MetaTrader is a product of MetaQuotes, a Russian software company that developed this trading system in 2005. To use this platform, prospective traders need to create an account with a trading company that supports MetaTrader.
To date, more than 10 million users from various parts of the world have downloaded the MT4 and MT5 applications, and both are highly rated on the Google Play Store with a rating of 4.8 and 4.6 out of five stars. MetaTrader can be accessed through various s
3. TradingView
TradingView is a trading analysis application that is very popular throughout the world. With over 10 million users on Google Play alone, and many more on the website and iOS devices, TradingView has become one of the top choices for traders.
The app offers three types of subscription accounts, namely pro account, pro+ account, and premium account, with prices ranging from $15 to $60 per month. However, a free version of the app is also available and allows users to access TradingView charts on the website at no additional cost.
However, it is important to note that the free version has limitations, such as limited technical features and the presence of advertising. TradingView is compatible with a variety of operating systems, including Windows, iOS, and Android. The app can be accessed via mobile devices, desktop app, or web version.
This application supports various trading instruments, including forex, stocks, cryptocurrencies, commodities and other securities. This allows users to access up-to-date information and analysis for various types of financial markets.