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Articles / Best Stock Trading Apps in Indonesia in 2023

Best Stock Trading Apps in Indonesia in 2023

Pedro Braz| Updated: March 8, 2023
Best Stock Trading Apps in Indonesia in 2023 1

Best Stock Trading Apps in Indonesia

Investing in the stock market has never been easier, thanks to the numerous online trading apps available today. Among all options available, you will need to make a choice, and finding the best stock trading app in Indonesia can be difficult. 

There is an overwhelming amount of options to choose from, and if you do not do research, you can end up in a platform that could be difficult to use, expensive, unsafe, or simply limited, considering your investment profile and experience.

Fortunately, we successfully analyzed many trading apps before and conducted multiple trading app reviews so that we can clarify some of your doubts and help you make an informed decision! In this article, we listed the best stock trading apps in Indonesia, comparing their specificities and highlighting their strengths.

Best stock trading apps in Indonesia

Interactive Brokers | Best for intermediate and advanced investors

Online broker with a sophisticated trading platform that offers a wide range of products. The company, founded in the US, provides the app IBKR GlobalTrader, which is ideal for beginners.

Saxo Bank | Best trading app for advanced traders

Full-service broker who offers stocks, ETFs, bonds, derivatives, crypto, and other products. You can access 36 different markets overseas from Indonesia using their powerful trading apps.

Capital.com | Best for powerful trading tools

A fintech founded in 2016 with 0% commission trading platforms that allow you to access over 6,100 markets, where you will be able to trade CFDs on stocks.

Best stock trading apps in Indonesia compared

Broker Fees on stocks Minimum deposit Trading apps Stocks available for trading
Interactive Brokers Between $0.0005 and $0.0035 per US share. Between 0.01% and 0.08% for other markets. $0 IBKR GlobalTrader, impact and IBKR Mobile
Saxo Bank Between $0.01 and $0.02 per US share (minimum between $1 and $5 per order)
Between 0.05% and 0.35% for other markets.
$2,000 SaxoTraderGO
Capital.com $0 (2-3% overnight fee on the leverage provided) $20 Capital.com, Trading View and MetaTrader 4

(Only CFDs on stocks)

#1 Interactive Brokers (IBKR GlobalTrader)

Best Stock Trading Apps in Indonesia in 2023 2
Visit Interactive Brokers

Interactive Brokers at a glance

Products availableStocks, futures, options, Forex, commodities, bonds, mutual funds, ETFs, CFDs
Minimum Deposit$0 ($2,000 for margin accounts)
Deposit MethodsWire bank transfer
Commissions on stocksBetween $0.0005 and $0.0035 per US share (maximum 1% of the trade) Between 0.01% and 0.08% for other markets

Interactive Brokers has proven to be one of the most reliable brokers in the market. The company was founded over 40 years ago and survived many financial crises, making it a well-established and trustworthy broker regulated by many top-tier regulators.

They offer some of the best stock trading apps in Indonesia, where you can trade stocks using sophisticated and powerful tools and find a wide range of products available for trading with low prices, including forex instruments. The broker offers different mobile apps and web-based platforms that should be used according to your knowledge and experience. The mobile app IBKR GlobalTrader is a user-friendly app suitable for beginners because it simplifies investments without losing the powerful tools for which the broker is famous.

If you want to make the most out of the powerful tools the broker provides, you can use the IBKR Mobile, a complete and sophisticated trading app to trade stocks, ETFs, and options. As the features of this app can be overwhelming for beginners, we would recommend the IBKR GlobalTrader if you do not have a lot of experience. 

In addition to the mobile apps, you will also find a desktop app and web-based apps where you have sophisticated trading tools to access the global financial markets. Overall, we believe that Interactive Brokers offers the best stock trading apps in Indonesia, and you can find what you are looking for, irrespective of your needs! 

Please check our Interactive Brokers review to find out more about the broker.

 Interactive Brokers Mobile App

#2 Saxo Bank

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Visit Saxo Bank

Saxo at a glance

Products availableStocks, Forex, ETFs, commodities, indices, options, bonds, and futures
Minimum Deposit$2,000
Deposit MethodsCredit/Debit card, Wire transfer
Commissions on stocksBetween $0.01 and $0.02 per US share (minimum between $1 and $5 per order) Between 0.05% and 0.35% for other markets.

Saxo Bank is a Danish bank founded in 1992 and is a reliable option for advanced traders and beginners and provides safety, fair prices, and useful tools. The Bank operates in Indonesia, offering a comprehensive and customizable mobile trading app that is among the best in the market: SaxoTraderGO.

SaxoTraderGO is a user-friendly, customizable, and award-winning trading platform that can be used by experienced investors and beginners. The app has a mobile and a desktop version. The broker also offers SaxoTraderPRO, a desktop-based platform (that works on Windows and MAC) developed for advanced traders due to its level of detail and complexity. The app is extremely customizable, offers sophisticated tools to analyze and track your performance, and can be used on up to 6 different screens.

Considering that the trading apps have excellent educational resources, low prices, and an impressive range of tradable assets, Saxo deserves second place on our list of the best stock trading apps in Indonesia. The only downside we could think of is that after registering and completing the verification, you will need to fund your account with at least $2,000 to start trading, which can be burdensome for some beginners.

 Saxo Bank Web and Mobile App

#3 Capital.com

Best Stock Trading Apps in Indonesia in 2023 6
Visit Capital.com
84% of retail CFD accounts lose money.

Capital.com at a glance

Products availableCFDs on Shares, Indices, Crypto, Forex, and Commodities
Minimum Deposit$20 (using credit/debit card)
Deposit MethodsCredit/Debit card and Wire transfer
Commissions on stocks$0 (2-3% overnight fee on the leverage provided)

Capital.com is a fintech founded in 2016 committed to democratizing the financial markets by providing commission-free trading. It has technological features with AI integration that can give the user a unique trading experience. The broker is supervised by top-tier regulators such as FCA, CySEC, ASIC, and NBRB, which provides for trust and safety.

Capital.com offers highly customized trading platforms to access news feeds, extended trading hours, sophisticated trading tools, and plenty of educational resources. Besides allowing investors to trade in the apps Trading View and MetaTrader 4, Capital.com offers its own stock trading app, where you can use AI-powered technology to enhance your results and trade CFDs on more than 3000 stocks from different markets.

The broker even offers another mobile app called Investmate, where you can access investment guides and learn more about the financial markets to make educated and informed investments. All these features put Capital.com on our list of the best stock trading apps in Indonesia, but if you want to know more about the broker, please read our Capital.com review

 Capital.com Mobile App

Methodology

When making this list, we wanted to help investors in Indonesia to make an educated choice when choosing the best stock trading app. Each of the trading apps we presented has its main features, and we tried to provide a diverse list that will suit the needs of different profiles of investors. In any case, we prepared this list considering the following criteria:

  • Prices: the price cannot be the only aspect to be considered when choosing the trading app to invest in, but it is definitely important. You do not want to pay more for a service when you can get the same quality for cheaper prices.
  • Educational resources: high-quality educational resources may be a great advantage, especially for beginners, who can use them to educate themselves before investing money.
  • Range of products and markets available: Does the app offer real stocks and ETFs or only CFDs? Does it have crypto? 
  • Customer service: irrespective of your choice, problems almost always appear, and it is important to find trading apps developed to help you when it does happen.
  • The trading app itself: of course, we took into consideration the functionalities and usability of the platform, as well as its specific features.
  • Security: all platforms in the list are regulated by top-tier authorities.

The bottom line

To summarize, here’s the list of “Best stock trading apps in Indonesia”:

Best stock trading apps in Indonesia

#1 Interactive Brokers Best Overall
#2 Saxo Bank Best for advanced traders
#3 Capital.com Best for powerful trading tools

It is hard to choose the right stock trading app in Indonesia. Luckily, we helped many people in the same situation before, and we can help you now. To facilitate your choice, we listed a few of the best stock trading apps in Indonesia, in our opinion, comparing what they can offer and highlighting their strengths. 

We know that trading stocks is a good way to achieve financial freedom, but, like everything in life, risks are involved. We hope that our analysis was enough to help you make an educated decision that acknowledges those risks, whether you are experienced or a novice in the world of trading. 

In any case, keep on studying, do due diligence, know your investment profile, and invest wisely! Please let us know if the article was helpful and if you have any other doubts or feedback!

Other FAQs

What is the difference between a stock and stock CFD?

While the stock gives you a property right over a share of the company, the CFD does not. The stock CFD is a derivative contract where the underlying asset is the stock and where the broker promises to pay you back the difference in value between the time you opened the position and the time you close it. CFDs have a leverage effect: if you buy a stock CFD and its price goes down, you will need to borrow money from the broker to keep the position open. This makes the instrument a risky option that is not suitable for beginners.

Is eToro available in Indonesia?

No, the stock trading app eToro is not available in Indonesia.

Pedro Braz
Co-Founder & Growth Manager

Pedro is passionate about finance, marketing, and technology. He is a growth manager at several online projects and a former digital marketer for a fintech company.

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