Best Doku Wallet Brokers 2024

Doku Wallet is an e-wallet that is popular in Indonesia. The payment solution has been adopted by merchants, brokers and traders across the country, owing to the platform’s ease of use, accessibility and options for customisation. This review will cover everything from deposit fees and speed to payment limitations and registration. We also list the highest-rated brokers that accept Doku Wallet payments.

Best Doku Wallet Brokers

Following our evaluations, these are the top 2 brokers that offer Doku Wallet:

Doku Wallet Brokers Comparison

Doku Wallet Brokers Comparison
Broker Minimum Deposit Instruments Platforms Leverage Visit
Fusion Markets logo
$0 CFDs, Forex, Stocks, Indices, Commodities, Crypto MT4, MT5, cTrader, TradingView, DupliTrade 1:500 Visit
Binomo logo
$10 Fixed Time Trades Own - Visit

#1 - Fusion Markets

Why We Chose Fusion Markets

Fusion Markets is an online broker established in 2017 and regulated by the ASIC, VFSC and FSA. It is best known for its low-cost forex and CFD trading, although its multiple account types and copy trading solutions cater to a range of traders. New clients can sign up and start trading in 3 easy steps.

"Fusion Markets is a standout option for forex traders looking for excellent pricing with spreads near zero, industry-low commissions and recently TradingView integration. It’s a particularly good broker for Australian traders where the company is headquartered and regulated by the ASIC."

- DayTrading Review Team
  • Instruments: CFDs, Forex, Stocks, Indices, Commodities, Crypto
  • Regulator: ASIC, VFSC, FSA
  • Platforms: MT4, MT5, cTrader, TradingView, DupliTrade
  • Minimum Deposit: $0
  • Minimum Trade: 0.01 Lots
  • Leverage: 1:500

Pros

  • Fusion Markets is set up to support algo traders with a sponsored VPS solution and a 25% discount if you opt for the NYC Servers VPS for MT4 or cTrader.
  • Average execution speeds of around 37 milliseconds are noticeably faster than many rivals and can help day traders secure optimal prices in fast-moving markets.
  • Fusion Markets offers best-in-class support with very fast, friendly and helpful responses during tests and no frustrating automated chatbot to navigate.

Cons

  • The demo account expires after 30 days, limiting its potential as a useful trading tool alongside a real-money account.
  • Traders outside of Australia must sign up with weakly regulated global entities with limited safeguards and no negative balance protection.
  • Fusion Market trails alternatives, notably eToro and IG, in the education department with limited guides and live video sessions to upskill new traders.

#2 - Binomo

Why We Chose Binomo

Binomo is a beginner-friendly binary options broker that offers trading on forex, stocks and indices via high/low binary options on a simple web-based platform with payouts up to 90% and reliable service. The firm was launched in 2012 and is based offshore.

"Traders who enjoy straightforward, fast-paced trading on forex and stocks should check out Binomo's short-term binary options. The intuitive platform and joining requirements make the brand particularly attractive for newer traders."

- DayTrading Review Team
  • Instruments: Fixed Time Trades
  • Platforms: Own
  • Minimum Deposit: $10
  • Minimum Trade: $1

Pros

  • Custom-designed platform that works quickly on mobile devices
  • Demo account available to all with no restrictions
  • Competitive payouts up to 90%

Cons

  • Contract expiry times of 1 minute to 1 hour are very short term for many traders
  • Weak regulatory oversight
  • Small selection of tradeable instruments

What Is Doku Wallet?

Doku Wallet is an electronic payment solution that gives users to access financial services from their mobile device, without the need for a bank account. Currently, 66% of Indonesia’s 260 million population do not own a bank account, making Indonesia a valuable untapped market in the digital finance sector.

The Doku Wallet platform is Indonesia’s leading e-wallet provider and actively supports the growing demand for digital transfers across the country. Users can download the app for free from the Google Play Store (Android/APK) and Apple App Store (iOS). It can also be accessed via desktop for PC or Mac.

The platform, previously known as NSIAPay, has been in operation for 13 years. Today, it has a user base of 3 million and connects to over 150 thousand live merchants. Offering a range of payment options in addition to multi-currency accounts, bespoke risk management and subscription billing, it’s easy to see why the platform has been readily adopted by traders and the general public.

It’s worth noting that Doku’s services are only available to residents of Indonesia.

Doku Wallet View Merchants

Features

Doku Wallet has several features that ensure the transfer of funds is simple and secure:

Fees

There are no setup or monthly subscription fees associated with Doku Wallet. However, users will have to pay a percentage fee on successful transactions. Transaction fees will vary according to the payment channels used. Top-ups made via banks are free, whilst withdrawals and transfers carry a small charge. Doku Wallet also runs promos that provide discount codes for lower transaction fees.

Speed

Doku Wallet offers near-instant execution. Traders can deposit and withdraw funds at the touch of a button. All transactions are regulated and authorised by local Indonesian banks, making transfers much quicker than standard transactions that have to be approved by international institutions.

Account Setup

Get set up with Doku Wallet in three straightforward steps:

  1. Register, create a new account and set a PIN
  2. Verify your identity
  3. Configure your payment dashboard

The process is designed to be as quick and pain-free as possible. You won’t be required to connect your account to an existing bank account but you will need to verify your identity. More information on how you can top up your Doku Wallet can be found below.

Security

The Doku platform is fully licensed and all activities are closely regulated by the Central Bank of Indonesia. Full licensing details can be found under the ‘licenses’ tab on the company website. The platform has not suffered any major security breaches, hacking or scams. As a result, we are relatively reassured by the security measures in place.

How To Deposit Using Doku Wallet

There are flexible deposit options available with Doku Wallet. Account-holders can top up using ATMs, mobile and internet banking and through Alfamart Group outlets. The minimum deposit is 0.3 USD or equivalent. Deposits are credited to your account quickly so traders can utilise funds promptly.

Funding and emptying your trading account can be done through your broker’s payment portal. Simply follow the login process and select the e-wallet as your transaction method.

Pros Of Using Doku Wallet For Traders

The Doku Wallet has a lot to offer traders:

Cons Of Using Doku Wallet For Traders

In addition to the positives the e-wallet offers, there are some drawbacks to consider:

Customer Service

To contact the Doku Wallet team, head to the ‘contact us’ tab in the ‘company’ section of Doku.com. There you will have the option to submit a ticket, call support or follow a link to their Twitter page. International traders should note that the phone number is an Indonesian line: 1500963.

The website also hosts a list of FAQs. It is always a good idea to check these as a first port of call. If you still require additional help or want more information, the company is also active on Facebook, Instagram, YouTube and LinkedIn. The Doku Wallet website does not offer a live chat function and there is no email address available.

The customer support team can assist with a range of issues including error messages, issues with account sign-in and the self-unlock process. The support offered by the team receives positive feedback, so be sure to get in contact if you need help.

Is Doku Wallet Good For Day Trading?

If you are an Indonesian trader looking to upgrade your payment system, the Doku Wallet is a competitive premium payment service. The range of deposit options, low barriers to access and competitive rates make for a great way to fund your trading account. The platform enjoys support from a range of companies and brokers, including AliExpress, JustForex and Binomo. When compared to PayPal, it is less accessible to the international trading community but, if you are a trader based in Indonesia, the platform has a lot to offer.

FAQ

Do All Brokers Allow Doku Wallet?

The payment system is supported by over 150 thousand merchants, some of whom are brokers, but not all brands accept the platform. We would suggest looking on the broker’s website or heading to our list for supported providers.

Is The Doku E-wallet Available For Malaysian Traders?

No, currently the platform is only available in Indonesia. With that said, if growth continues in the same way it has done over recent years, it is possible that the platform could expand its remit across neighbouring countries.

Who Can Make Trading Deposits With The Doku E-wallet?

Residents of Indonesia can deposits to their live trading account through the Doku Wallet. The platform supports Gopay, OVO, LinkAja, Dana and BCA Mobile.