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Best ETF Brokers in Indonesia for 2026

1
7.8
Your capital is at risk.
Your capital is at risk.
2
9.2
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Your capital is at risk.
3
7.28
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Trading in financial markets requires the right choice of a broker, as security of traders’ funds, profit/loss and opportunities depend on it. Before you start working with a company, it is important to comprehensively assess it. Traders Union analysts have already done it for you. The experts prepared a review of the Best ETF Brokers in Indonesia for 2026. Five companies that enjoy huge popularity in Indonesia were selected and compared between each other.

1
Pepperstone - Best in Indonesia for 2026

VISIT BROKER
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Your capital is at risk.

Pepperstone is distinguished by favorable trading conditions. The minimum trade volume is 0.01 lots, and spreads start at 0.0 pips. Also, Pepperstone offers over 1,200 different trading instruments where trade orders are executed quite quickly - within 30 ms on average. The ability to auto copy trades is also provided.

2
CapTrader - Best in Indonesia for 2026

VISIT BROKER
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Your capital is at risk.

CapTrader offers its clients access to trading over 70,000 assets and trading instruments, including currency pairs, stocks, ETFs, mutual funds, commodities, futures, options and CFDs. Marginal trading is available and the leverage ranges from 1:5 to 1:20. The broker’s clients can test the platform and the trading conditions of CapTrader using a free demo account.

3
4XC - Best in Indonesia for 2026

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4XC combines advanced technology and innovation in its business approach. 4XC is duly licensed by the Financial Supervisory Commission. The company operates under strict regulations to keep customer accounts secure and protected. 4XC is a customer-oriented company, and offers professional customer support 24/5. 4XC ensures no interference with customer trades, and offers a range of benefits, including spread starting as low as 0.0 points, leverage of up to 1:500, daily withdrawal available, and fast order execution.

4XCis an execution-only broker with no dealing desk (NDD). It offers several account types and numerous payment methods to create a user-friendly environment for every customer.

4
HFM - Best in Indonesia for 2026

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HFM trading conditions can be attributed to a high level of competitiveness. A low minimum deposit and a leverage of up to 1:2000 provide opportunities for clients to use several highly profitable strategic models and test the functionality of the account and terminal. The spread floats according to the trading conditions and the minimum spread is equal to 1 pip. However, for a Zero account, its minimum value is zero.

5
AvaTrade - Best in Indonesia for 2026

VISIT BROKER
Your capital is at risk.

AvaTrade offers traders only two types of accounts - Standard and Demo accounts. Trading conditions for Standard accounts differ across different trading platforms.

When registering a Demo account, traders will receive a bonus in the form of 10,000 US dollars on the account for obtaining trading skills.

Another advantage of AvaTrade, which is often noted by traders, is a large choice of assets - there are more than 250 of them.

The broker’s customers also distinguish a low spread and commissions, the speed of order execution, and a wide range of trading platforms. Beginners will appreciate the availability of microlots.

TU Expert Review for the best ETF Brokers in Indonesia

Anton Kharitonov

Financial expert and analyst at Traders Union

Anton joined Traders Union as a financial expert and analyst in 2013. He performs comprehensive internal testing of brokers as a trader. Essentially, Anton “test drives” brokers: he checks the operation of the website and user account, the speed and effectiveness of customer support team, stability of the software, deposit and withdrawal processing times, legal documents of companies and also all additional services (VPS, affiliate programs, contests, bonuses, educational programs, etc.). Based on the results of his “inspections”, he prepares expert conclusions about the operation of brokerage companies in the Forex, stock and binary option markets and also of the cryptocurrency exchanges.

His opinion as for the best ETF Brokers in Indonesia is posted below.

Pepperstone - TU Expert Review

Pepperstone is a notable trading company that caters to both beginners and seasoned traders, providing a robust platform for a seamless trading experience. For beginners, the user-friendly interface and comprehensive educational resources make it an ideal choice to embark on the trading journey. The availability of a demo account enables novices to practice strategies without real financial risk, fostering skill development. One of the standout features of Pepperstone is its commitment to regulation, holding licenses from reputable authorities like the Australian Securities and Investments Commission (ASIC) and the Financial Conduct Authority (FCA). This regulatory adherence instills a sense of trust and security among potential traders, emphasizing the company's dedication to maintaining high industry standards. Pepperstone's diverse range of tradable instruments, including Forex, commodities, and cryptocurrencies, provides ample opportunities for traders at various levels. The competitive spreads and efficient order execution contribute to the appeal of the platform for both beginners and professionals. Moreover, the broker's commitment to customer support is evident through various channels, ensuring that traders have assistance when needed. However, potential traders should be mindful of associated fees, and it's advisable to review the terms and conditions thoroughly. In summary, Pepperstone emerges as a reliable and feature-rich trading platform suitable for both beginners and experienced traders, offering a blend of user-friendly interfaces and professional-grade tools.

CapTrader - TU Expert Review

CapTrader is an example of how you can build a successful brokerage company based on the Introducing Broker partnership program. The company appeared in 1997 as a partner of the globally known brand Interactive Brokers and took all the best from it – a user-friendly account interface, trading platforms, Investor’s Marketplace platform, where professionals offer their services. CapTrader offers its clients one type of trading account, which makes trading conditions equal for all. The commission limits set by the broker are worth taking notice of. The minimum commission is USD 3.75. The broker also provides low leverage for retail traders. The broker has a professional analytical instrument Trading Workstation, and 3 types of trading platforms. There is automated trading and there are no limitations on trading strategies. CapTrader is regulated under the licenses of Interactive Brokers, namely by the regulators of Ireland and the UK. The broker also holds a license in Germany. It is an important factor in terms of reliability. Therefore, CapTrader is a reliable platform with a wide set of features, targeted primarily at the professional traders.

HFM - TU Expert Review

HotForex is now known as HF Markets, and refers to itself on its website as HFM (the website address is HFM.com). The name change may simply be due to the fact that HFM offers multi-market access, that it isn’t just limited to trading the forex market. Still, it can be a little confusing, as the company is still listed as HotForex on some websites. A primary draw at HotForex is the multi-market exposure it offers. About three dozen cryptocurrencies are available to trade. That’s in contrast to many forex brokers that only offer trading in a handful of cryptos. In addition to about 75 of the most widely traded stocks, HotForex clients also have exposure to approximately 30 ETFs and about a dozen market indexes. Bond trading is severely limited – only the Euro Bund, the UK Gilt, and the US 10-year Treasury Note. Here are three things I like about HotForex:     1. Choice of Spread or Commission Fees - A choice of spread-fees-only or commission-fees-only accounts; Commission fees are on the low end of industry averages, at $6 per standard forex lot round turn trade.     2. Tier 1 Regulated - Security for traders is enhanced by the fact that HotForex is regulated by multiple Tier 1 financial regulators, including the UK’s Financial Conduct Authority (FCA).     3. Strong Trader Education - HotForex provides beginning traders with extensive trader education resources, including video tutorials, webinars, and a full forex trading course; It also gives clients daily fundamental and technical market analysis reports.

AvaTrade - TU Expert Review

AvaTrade has proved to be a reliable partner that regularly performs for its customers. The reliability of the broker, as well as its high-quality service and favorable trading conditions, are often mentioned by the company's customers in their reviews. At times, users are dissatisfied with a delay in withdrawing funds, but the competent customer service finds the best solutions to eliminate the difficulties a trader has encountered. The same users note that, despite some difficulties, the broker transfers the necessary funds in full amount. All the users, without exception, note that AvaTrade offers almost the largest assortment of various assets and analytical tools that make automated trading possible. Also, the broker's advantages are minimal commissions, low spread, and fast execution of orders, as hundreds of satisfied customers claim. Of particular note is providing security: customers' funds are stored on segregated accounts, and the broker's activity is accredited in the EU, Japan, Australia, South Africa, and the British Virgin Islands. Fulfillment of all legal obligations regarding these regulators makes AvaTrade one of the most reliable companies, regularly included in the lists of the best brokers.

Summary

Many brokers operate in Indonesia, but not all of them are reliable or offer attractive trading conditions. TU experts selected 5 companies and rated them based on collected data. By reviewing them, you will learn about the Best ETF Brokers in Indonesia 2026 and will be able to evaluate the pros and cons of its closest competitors.

Overall score of the best ETF Brokers in Indonesia

Pepperstone CapTrader 4XC HFM AvaTrade

Overall score

7.8

9.2

7.28

7.76

7.7

Execution of orders

9.15

8.9

7.15

6.74

8.05

Investment instruments

10

9.5

4.7

10

10

Withdrawal speed

7

9.3

7

8

5

Customer Support work

7

9.1

9.3

9.2

7.9

Variety of instruments

6.32

8.8

10

7.54

8.45

Trading platform

7.3

9.6

5.5

5.1

6.8

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FAQ

What factors are important when you are choosing a broker?

When you are choosing a broker, it is important to make sure it is a reliable company, consider its fees, the list of trading instruments, deposit and withdrawal methods and other factors. It is important to study a broker in detail, before opening an account with it.

What learning instruments can a broker offer?

Brokers offer various educational options. These include full-fledged educational courses, or video tutorials, articles, and books. Companies also often hold seminars and webinars.

How much money do I need in order to start working in the financial markets?

The initial capital depends on the assets you plan to trade. However, in the majority of cases, $300-500 is a good amount for a start.

Can you earn passive income in the financial markets?

Yes, the best brokers of donesia offer passive income options. These could include copy trading, PAMM accounts, managed portfolios, etc.

Team that worked on the article

Mikhail Vnuchkov
Author at Traders Union

Mikhail Vnuchkov joined Traders Union as an author in 2020. He began his professional career as a journalist-observer at a small online financial publication, where he covered global economic events and discussed their impact on the segment of financial investment, including investor income. With five years of experience in finance, Mikhail joined Traders Union team, where he is in charge of forming the pool of latest news for traders, who trade stocks, cryptocurrencies, Forex instruments and fixed income.

Olga Shendetskaya
Author and editor at Traders Union

Olga Shendetskaya has been a part of the Traders Union team as an author, editor and proofreader since 2017. Since 2020, Shendetskaya has been the assistant chief editor of the website of Traders Union, an international association of traders. She has over 10 years of experience of working with economic and financial texts. In the period of 2017-2020, Olga has worked as a journalist and editor of laftNews news agency, economic and financial news sections. At the moment, Olga is a part of the team of top industry experts involved in creation of educational articles in finance and investment, overseeing their writing and publication on the Traders Union website.