★ The 2026 Forex Awards winners are out. See the winners →
Every figure dated·Licences checked on regulator registers·How we make money
Find your broker

Home / By country / Indonesia

Country guide

Is forex trading legal in Indonesia?

Yes, through locally licensed futures brokers. Supervision is in transition, with derivatives on foreign exchange moving from Bappebti to Bank Indonesia.

Checked 12 Nov 2026Not legal advice

Short answer: retail forex in Indonesia has been offered through futures brokers (pialang berjangka) licensed by Bappebti, the commodity futures regulator. Under the P2SK financial sector law, supervision of derivatives on money market and foreign exchange instruments is being transferred to Bank Indonesia, with the handover formalised on 10 January 2025. Check a broker's current licence before you deposit.

Who regulates what

  • Bappebti (Ministry of Trade) has licensed the futures brokers that offer forex to Indonesians and has blocked websites of unlicensed brokers.
  • Bank Indonesia (BI) takes over regulation and supervision of derivatives with money market and foreign exchange underlyings, under the transfer formalised on 10 January 2025.
  • Otoritas Jasa Keuangan (OJK) takes over crypto assets and capital market derivatives, such as stock index derivatives.

Watch out: because supervision is moving between agencies, check both Bappebti's list of licensed brokers and any announcements from Bank Indonesia. A broker licensed only offshore is not supervised in Indonesia, and you would have no local regulator to turn to.

How to check a broker

  1. Find the exact company name, which should be an Indonesian PT for a local broker.
  2. Check it against Bappebti's list of licensed futures brokers.
  3. Look for current announcements from Bank Indonesia on foreign exchange derivatives.
  4. Be wary of schemes promising fixed monthly returns; they are a common form of investment fraud.

FAQ

Is forex halal in Indonesia?

Religious rulings are outside what we can advise on. Some brokers offer swap-free accounts; see our Islamic account guide.

Can Indonesians use international brokers?

Some do, but those brokers are not supervised in Indonesia, and Bappebti has blocked unlicensed broker sites. Ask a local lawyer how the rules apply to you.

Related

Offshore forex brokers explained · Forex trading in Malaysia · How to spot a forex scam

Sources

  1. OJK: Bappebti transfers regulation and supervision duties to OJK and BI
  2. Allen & Gledhill: Indonesia sets the stage for structured derivatives oversight
  3. Bappebti

Forex and CFDs are leveraged products and most retail accounts lose money. General information, not financial or legal advice.