IC Markets Indonesia Review 2025 - TU Expert Opinion

Is the Forex market legit in Indonesia?

IC Markets Review

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Forex trading is legal in Indonesia, and as the Internet access in the country is growing so does the number of traders. The transactions in the financial markets are regulated by the Otoritas Jasa Keuangan(OJK), the financial services authority of Indonesia. This agency oversees the operation of brokers and also settles disputes between traders and brokers.

All brokers operating in Indonesia officially accept payments in rupiahs (IDR), the national currency of the country. Forex trading is developing fast in the country and the residents of Indonesia can use the services of international brokerage companies.

Many traders wonder whether the IC Markets license in Indonesia offered is still valid and if the broker operates legally within the country. In fact, many would’ve come across the term IC Markets regulated Indonesia, which gives an impression that the broker might be regulated in the country.

But the real question remains: Is IC Markets legit in Indonesia? The answer lies in the broker’s strong reputation globally and its compliance with regulatory standards. While it may not hold a direct local license in Indonesia, its regulation by internationally recognized bodies like ASIC or CySEC provides assurance to traders in the region.

How to trade Forex in Indonesia

In order to earn additional income from Forex trading in Indonesia, you need to register an account with a reliable broker, who has the OJK license. After registering on the website, you need to verify your account by submitting scanned copies of your identification document. Next, you need to fund your account, choose an asset you are interested in and start trading.

IC Markets is a Forex broker in Indonesia that has become a popular choice among traders looking for reliable and efficient trading services. Known for its user-friendly platforms like MetaTrader 4, MetaTrader 5, and cTrader, IC Markets in Indonesia offers Forex trading that is accessible to beginners and experienced traders alike.

What sets IC Markets apart are its competitive spreads, quick execution speeds, and convenient deposit and withdrawal options. These features, combined with its solid reputation in the global trading community, have earned the trust of many traders in Indonesia.

Our evaluation of IC Markets

8.63/10

TU Overall Score

The purpose of creating the TU Overall Score is to make the search for secure and reliable brokerage companies easier for the visitors of our website. We believe that it is a very important mission as, unfortunately, not every company in the financial industry is worthy of trust.

According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details

IC Markets is one of the top brokers in the financial market with the TU Overall Score of 8.63 out of 10. Having reviewed trading opportunities offered by the company and reviews posted by clients on our website, Traders Union expert Anton Kharitonov believes he can recommend this company as the majority of reviews prove that the broker’s clients are fully satisfied with the company.

IC Markets Trading Company is a great broker for scalping enthusiasts, automated trading lovers, and beginner traders.

Detailed review of IC Markets in Indonesia

IC Markets is a good choice for traders from Indonesia. The broker complies with all the requirements of the local regulator and offers attractive trading conditions for the clients.

IC Markets is a globally recognizable Forex brand. It has three regulatory licenses, it partners with major world banks, and provides tier-1 liquidity. The broker’s clients have access to popular trading platforms and the best analytics. IC Markets constantly expands its range of trading instruments and adds new services and solutions for passive investment in the Forex market.

IC Markets' parent company was registered in Australia in 2007. Since 2018, it’s been authorized to provide its services to traders from the European Economic Area. Currently, IC Markets is available worldwide through its regional offices.

IC Markets - Forex broker in Indonesia that is a popular choice among traders. Known for its ECN model, the broker offers raw spreads and lightning-fast execution, making it a strong contender for those who prioritize speed and cost-effectiveness. Many traders also think that IC Markets is a friendly ECN broker in Indonesia. It provides a transparent and institutional-grade trading environment.

Positive feedback from various IC Markets reviews in Indonesia highlights the broker's reliability, efficient customer support, and diverse trading instruments. These qualities have helped it become one of the preferred options for ECN trading in the region.

Advantages of IC Markets for trading in Indonesia

Traders Union analysts conducted a detailed analysis of IC Markets for traders from Indonesia. The experts outlined the key benefits of the company for the clients from this country. The advantages of the broker are as follows:

• High execution speeds on all platforms provide for both intraday trading and scalping;

• No deposit or maintenance fees;

• Demo accounts are available on both MetaTrader and cTrader;

• Trading fees are average as compared to other top brokers;

• Copy trading, algorithmic trading, and investment in real stocks for Australian clients are available;

• Webinars and free educational materials for novice traders are provided;

• 24/7 multilingual technical support;

• Free VPS for clients with a monthly trading volume of 15 lots and more.

In addition, the IC Markets minimum deposit in Indonesia is just $200, catering to both beginners who are just testing the waters and experienced traders looking for reliable platforms. Another major advantage is the IC Markets spreads in Indonesia, which are known for being highly competitive. Raw spreads starting from 0.0 pips make it a great choice for strategies like scalping and day trading. This combination of low entry costs and transparent pricing gives traders the flexibility and confidence to trade efficiently across various asset classes without worrying about excessive fees.

Analysis of the main features of IC Markets in Indonesia

Traders Union analysts analyzed the key features of IC Markets for traders from Indonesia. TU uses its own evaluation method, assessing each block separately. Based on the results of the assessment, an overall score is given.

For traders in Indonesia, one of the main concerns when choosing a broker is the cost of trading. The IC Markets commissions in Indonesia are competitive, with raw spreads starting as low as 0.0 pips. Traders using MT4/MT5 are charged $7 per lot, while cTrader users benefit from a lower fee of $6 per lot. This straightforward pricing approach helps traders manage their costs effectively, with no hidden charges to worry about.

In addition, traders can access an IC Markets funded account in Indonesia. After completing registration and verification, traders can deposit funds easily through local bank transfers, credit or debit cards, and popular e-wallets. The broker prioritizes fast and hassle-free transactions, so traders can focus on the markets instead of dealing with delays or complicated processes.

Trading conditions for IC Markets traders from Indonesia

It is important to assess trading conditions before you decide to work with a specific company. Traders Union analysts have prepared a comparison of IC Markets trading conditions for traders from Indonesia. The experts analyzed minimum deposit, trading platforms, leverage and other important information that could impact a trader's choice of a broker.

IC Markets in Indonesia offers Forex trading through advanced tools like MetaTrader 4, MetaTrader 5, and cTrader. With leverage up to 1:500 and raw spreads starting from 0.0 pips, it provides competitive conditions for executing trades efficiently. These features make IC Markets a favorite among both new and experienced traders in Indonesia.

Now if you're asking, "Can I use IC Markets in Indonesia?", the answer is YES. While the broker does not hold a local OJK license, it operates legally under global regulators like ASIC, CySEC, and FSA. Indonesian traders can open accounts, fund them securely, and trade Forex pairs, commodities, and indices with confidence using IC Markets’ reliable platforms.

IC Markets commissions and fees

Traders Union analysts analyzed commissions and fees charged by IC Markets for traders from Indonesia. Within the framework of the analysis, all types of trading and non-trading fees traders are charged with were evaluated.

We found that IC Markets commissions in Indonesia are designed to be straightforward and competitive. The raw spread accounts, for example, offer spreads starting from 0.0 pips, with a commission of $7 per lot on MT4/MT5 platforms and $6 on cTrader. This transparency makes it easier for traders to plan their costs effectively.

IC Markets funded account Indonesia users also reported hassle-free trading. Traders can use local bank transfers, e-wallets, or cards, all with no deposit fees and quick processing times. These features make it convenient for Indonesian traders to manage their accounts efficiently and focus on trading.

TU experts have compared IC Markets’ fees to those of other brokers and compiled the comparative table below.

Conclusion