Day Trading In Indonesia 2024

Day trading in Indonesia is one of the fastest-growing markets in South East Asia. This guide will cover everything you need to know about day trading in Indonesia, including what to look for in a broker and some of the most popular strategies. We’ve also compiled a list of the top platforms for Indonesian traders below.

Top 4 Brokers in Indonesia

Up until June 2024 we have reviewed over 450 brokers and have found these 4 to be the best for online trading in Indonesia:

Click a broker for details
  1. 1
    AvaTrade
    20% Welcome Bonus up to $10,000

    Ratings
    4.8 / 5
    4.3 / 5
    4.5 / 5
    3.8 / 5
    4.3 / 5
    4.3 / 5
    4.3 / 5
    4.5 / 5
    4.3 / 5
    4 / 5

    $100
    0.01 Lots
    1:30 (Retail) 1:400 (Pro)
    ASIC, CySEC, FSCA, ISA, CBI, FSA, FSRA, BVI, ADGM
    CFDs, Forex, Stocks, Indices, Commodities, ETFs, Bonds, Crypto, Spread Betting, Futures
    WebTrader, AvaTradeGO, AvaOptions, AvaFutures, MT4, MT5, AlgoTrader, TradingCentral, DupliTrade
    Skrill, Wire Transfer, FasaPay, Mastercard, Perfect Money, Swift, MoneyGram, Credit Card, WebMoney, JCB Card, Debit Card, Neteller, Boleto
    USD, EUR, GBP, CAD, AUD
  2. 2
    FXTM
    30% up to $100 via Exinity Ltd

    Ratings
    4.3 / 5
    4 / 5
    3.8 / 5
    4 / 5
    2.8 / 5
    3.8 / 5
    3.8 / 5
    3.5 / 5
    4.8 / 5
    4.4 / 5

    $200
    0.01 Lots
    1:2000
    CySEC, FCA, FSCA, FSC, CNMV
    Forex, CFDs, Indices, Commodities, Stocks
    FXTM App, MT4, MT5
    Neteller, Skrill, Visa, WebMoney, Perfect Money, Western Union, Credit Card, Google Wallet, PayRedeem, Maestro, GlobePay
    USD, EUR, GBP
  3. 3
    Deriv.com

    Ratings
    3.5 / 5
    4.5 / 5
    4.5 / 5
    4 / 5
    4 / 5
    4.1 / 5
    2.5 / 5
    3 / 5
    4.2 / 5
    4.5 / 5

    $5
    0.01 Lots
    1:1000
    MFSA, LFSA, VFSC, BFSC
    CFDs, Multipliers, Forex, Stocks, Indices, Commodities
    Deriv Trader, MT5
    Neteller, Visa, Skrill, WebMoney, FasaPay, Perfect Money, Diners Club, Banxa, Paytrust, Wire Transfer, Mastercard, Credit Card, JCB Card, Sticpay, Trustly, Volet, Paysafecard, AstroPay, Maestro, Airtm, Boleto, JetonCash
    USD, EUR, GBP, AUD
  4. 4
    Exness

    Ratings
    4.5 / 5
    4.3 / 5
    4.2 / 5
    4.8 / 5
    4.3 / 5
    4.5 / 5
    4.3 / 5
    3 / 5
    4.4 / 5
    4.3 / 5

    $10
    0.01 Lots
    1:2000
    FSA, CySEC, FCA, FSCA, FSC, CBCS, CNMV
    CFDs, Forex, Stocks, Indices, Commodities, Crypto
    Exness Trade App, MT4, MT5, TradingCentral
    Wire Transfer, Credit Card, Visa, Mastercard, Bitcoin Payments, Boleto
    USD, EUR, GBP, CAD, AUD, NZD, INR, JPY, ZAR, MYR, IDR, DKK, CHF, HKD, SGD, AED, SAR, HUF, BRL, NGN, THB, VND, UAH, KWD, QAR

Day Trading In Indonesia Explained

A day trade is simply defined as any trade that is opened and closed in one trading day. Day trades can last anywhere from a few minutes to the entire market day.

If you are day trading in Indonesia, you will want to stay informed about news that will cause short term market fluctuations. Local and international markets react to events such as economic statistics, corporate earnings or interest rates and day traders can take advantage of the resulting short-term volatility.

In Indonesia, it is legal to day trade in the most popular financial markets such as forex, cryptocurrencies, stocks, bonds, indices and commodities like gold. Traders in Indonesia are also able to make use of derivative products like CFDs.

It is just as easy to trade on the Indonesian stock market (IDX) or Indonesia Commodity and Derivatives Exchange (ICDX) as it is on international markets like the New York Stock Exchange (NYSE). With that said, it’s worth checking your day trading broker offers access to local markets before opening an account.Day Trading In Indonesia For Beginners

Market hours will vary across the world, so be sure to find out the opening and closing times of the markets you wish to trade in, whether they are in Indonesia or international.

In Indonesia, forex and derivative markets are regulated by the BAPPEBTI, which also approves brokers for trading on the IDX and ICDX. Some markets and brokers may be regulated by foreign bodies but be wary of scams online. If your broker is not regulated by the BAPPEBTI, ensure it is registered with a reputable offshore agency such as the CySEC (Cyprus Securities and Exchange Commission).

How To Start Day Trading In Indonesia

Before you start day trading in Indonesia, you’ll need to find a broker. Here are some of the key areas to consider:

Once you’ve found your broker, you’re ready to begin day trading in Indonesia. We’ve prepared a simple step-by-step guide to get you going:

  1. Find A Trend – It’s best to go into a position with a plan. Find an asset and use market research and analysis to find a trend. Use this trend to plan your entry and exit points.
  2. Open A Position – If you predict the price of a stock, like Bank Jago, will go up, buy the asset and open a long position. If you believe the value of Bank Jago will fall, you can ‘sell’ and open a short position.
  3. Manage Risk – Most good brokers for day trading in Indonesia will offer automated risk management features like stop losses and take profits. These features will automatically close your position if it breaches a pre-determined point. Using a stop loss will help mitigate your losses, especially if you are unable to always keep an eye on things.
  4. Monitor The Position – Day traders focus on the short-term market fluctuations that happen on an intraday basis. It is important to monitor your positions closely to ensure you exit your position at the right moment.
  5. Close Your Position – Choose your moment and close the position. As a day trader in Indonesia, you may be closing several trades in one day. Use risk management tools to keep on top of activity.

Strategies For Day Trading In Indonesia

Scalping

Scalping is the process of making small profits across many trades. Scalpers close a trade as soon as it becomes profitable. This limits the opportunity for a trade to swing in the opposite direction and profits are made meaningful through a high volume of trades. Scalping distributes risk and is best used on the most volatile and liquid markets, such as forex.Day Trading Strategies In Indonesia

News Trading

Day traders in Indonesia can take advantage of increased volatility around news events. This might be financial news about the general economy or a specific company’s quarterly result, an election or even celebrity culture.

Automated Trading

You can use automated trading – advanced algorithms and bots – when day trading in Indonesia to profit from small or short-term market fluctuations. Trading robots and high frequency trading (HFT) is similar to scalping, though it is fully automated and has even smaller profit margins that add up over many smaller trades.

Taxes

Profit made day trading in Indonesia that exceed the basic income rate will be considered capital gains and taxed accordingly. Tax rates for day traders in Indonesia can range from between 0% and 30%, depending on your total earnings. If you are day trading on the Indonesian Stock Exchange (IDX), there is a further tax of 0.1% on the total value of the trade.

Consult a local tax advisor to find out more about day trading taxes in Indonesia.

Final Word On Day Trading In Indonesia

If you are interested in day trading in Indonesia, you will find the wide range of markets and brokers available appealing. Choosing a broker regulated by the local BAPPEBTI will help protect your capital and mitigate your risk of being scammed. Offshore brokers can also be used, though you should ensure they are regulated. Find a list of our top-rated day trading brokers in Indonesia here.

FAQs

Is Day Trading In Indonesia Legal?

Yes, day trading is legal in Indonesia. Forex and derivative markets are regulated by the BAPPEBTI, which also approves brokers for trading on the IDX and ICDX.

What Markets Can I Day Trade In Indonesia?

Day traders in Indonesia have access to all the major markets, including stocks, forex, commodities and cryptos.

Which Are The Best Brokers For Day Trading In Indonesia?

The best brokers for day trading in Indonesia will be regulated by the BAPPEBTI, offer low fees and have an intuitive, user-friendly platform. Make sure you thoroughly compare brokers to find the one that is best for you.  See our reviews of brokers in Indonesia here.

Do I Need To Pay Taxes When Day Trading In Indonesia?

Profits from day trading in Indonesia are typically classed as capital gains. The tax rate can range from 0% to 30%, depending on your total income.

Is It A Good Idea To Day Trade In Indonesia?

Day trading in Indonesia is an exciting, fast-paced market. Day trading can be risky, so you must have a careful strategy and risk management system before you start trading.