Plus500 review: Broker gains access to Indonesia retail trading market
Plus500, the London-listed online trading firm, has formally entered the Indonesian market through the acquisition of Global Intra Berjangka, a locally regulated brokerage that ceased operations in 2023. Following the transaction, Plus500 now operates in Indonesia under the supervision of Bappebti, the country’s futures and commodities trading regulator.
- Chosen by 3 200+ local traders in the last 3 months.
- Traders earn on average 12% more per month vs other brokers.
Regulatory filings indicate that Plus500 provides services to Indonesian clients via a regionally registered domain name, signaling a direct onshore presence rather than reliance on offshore structures. The acquisition allows Plus500 to offer its standard product range in the country, including contracts for difference (CFDs) and other commonly traded instruments available across its global markets. HaoIB reports.
Global Intra Berjangka previously served Indonesian retail traders with access to forex and commodity products but stopped accepting new clients in January 2023. While the brand has been partially refreshed, its acquisition effectively provides Plus500 with an existing regulatory framework and operational license, accelerating its entry into the market.
Expansion strategy and competitive landscape
The move into Indonesia forms part of Plus500’s broader international expansion strategy. Earlier this year, the company acquired an India-based derivatives brokerage for $20 million, strengthening its footprint in South Asia. In recent months, Plus500 has also opened its first local office in Colombia and is in the process of applying for a domestic license in Chile.
Indonesia represents a significant opportunity for global brokers. According to World Bank data, the country has a population exceeding 283 million, making it the largest economy in Southeast Asia and a key part of the Asia-Pacific region — one of the most active brokerage markets worldwide.
Plus500 is not alone in targeting Indonesia. Polish broker XTB entered the market last year through the acquisition of a local brokerage, while Doo Financial also secured an Indonesian license. However, many CFD brokers continue to operate in the country via offshore entities, relying on local introducing brokers rather than full regulatory authorization.
Implications for Plus500 and local traders
Founded in 2008, Plus500 is known for its proprietary trading platform and broad range of CFD products across forex, indices, commodities, shares, and cryptocurrencies. The company positions its regulated market entries as a way to provide greater transparency and protection for retail traders (80% of retail CFD accounts lose money).
By establishing a licensed presence in Indonesia, Plus500 gains access to a fast-growing retail trading base while aligning itself with local regulatory requirements.
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