You’ve probably heard about the Robinhood app on YouTube or social media and want to know if it’s available in Indonesia, right?
Robinhood is a modern, easy-to-use investment app from the US that helped popularise commission-free trading in stocks, ETFs, and options – alongside competitors like Webull, E*TRADE (now part of Morgan Stanley), and Schwab (which absorbed TD Ameritrade in 2023-2024).
Want to know if Robinhood is available in Indonesia, its expansion plans, and the strongest alternatives for Indonesian investors? We’ve got you covered.
Is Robinhood available in Indonesia?
Unfortunately, Robinhood is not currently available in Indonesia.
As of 2026, Robinhood is officially available only in the United States, United Kingdom, and the European Union (where it operates through its EU entity based in Lithuania, launched in 2024). Robinhood has been gradually expanding internationally but has not announced any plans to launch in Indonesia or Southeast Asia.
To date, Robinhood has shown no clear indications of plans to expand into Indonesia. While Indonesia is an attractive market for retail brokers – with a young, digitally engaged population and a rapidly growing investor base – it’s also a highly regulated and competitive space, with established domestic brokers and stockbroker apps already serving local investors under OJK (Otoritas Jasa Keuangan) oversight.
Robinhood alternative 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.
Interactive Brokers at a glance
Interactive Brokers is one of the most reliable brokers in the global market. Founded in 1978 and publicly listed on NASDAQ (ticker: IBKR), the company has weathered every major financial crisis since its founding – a track record of nearly 50 years that speaks to its institutional resilience. Indonesian investors can open accounts with IBKR through Interactive Brokers Singapore Pte. Ltd. (regulated by the Monetary Authority of Singapore, MAS, Licence No. CMS100917), which serves clients across Southeast Asia.
IBKR offers some of the best stock trading apps available to Indonesian investors, with access to 150+ markets across 30+ countries – including major US exchanges (NYSE, NASDAQ), Hong Kong (HKEX), Singapore (SGX), Tokyo (TSE), and most major European markets. You can trade stocks, ETFs, options, futures, bonds, forex, and more, all at highly competitive prices.
The mobile app IBKR GlobalTrader is user-friendly and well-suited to beginners – simplifying the investing experience without sacrificing the powerful execution IBKR is known for. For more advanced users, the IBKR Mobile app offers a comprehensive, sophisticated trading experience across stocks, ETFs, and options.
Alongside the mobile apps, IBKR offers desktop platforms (Trader Workstation – TWS) and web-based platforms (Client Portal) with deep analytical tools for accessing global financial markets. Whether you’re a beginner exploring global investing for the first time or an experienced trader who wants institutional-grade execution, IBKR has an option that fits your level.
One important consideration for Indonesian investors: IBKR doesn’t currently offer direct access to the Indonesia Stock Exchange (IDX). If you want to trade local Indonesian stocks, you’ll need a local broker registered with the OJK (Otoritas Jasa Keuangan). IBKR is best suited to Indonesian investors who want exposure to international markets rather than the domestic IDX.
Check our Interactive Brokers review to find out more.
Which platform should you choose?
When choosing an online broker as an Indonesian investor, the key factors to weigh up include the fees charged, whether the broker is regulated by trusted authorities (the local OJK (Otoritas Jasa Keuangan) for domestic Indonesian brokers, or top-tier international regulators like MAS, FCA, ASIC, or SEC for global brokers), the range of products available (not all platforms offer Indonesian or broader Asian stocks), the quality of the trading platform, and customer support.
For Indonesian investors looking for international market access, Interactive Brokers stands out as the strongest choice we’ve covered here – offering institutional-grade execution, low costs, and access to 150+ global markets through MAS-regulated IBKR Singapore. For trading directly on the Indonesia Stock Exchange (IDX), you’ll want to look at OJK-registered local brokers as a complement.
Ultimately, the best platform for you depends on your profile, preferences, and investment objectives – whether you’re focused on local Indonesian equities, international diversification, or a mix of both.
A reminder that the above should not be seen as investment advice and should be considered information only. Investors should do their own research and diligence about the best-suited services and opportunities for their risk, returns, and impact strategy.
FAQs
Can I use Robinhood from Indonesia with a VPN?
No, Indonesian investors cannot use a VPN to open a Robinhood account. Upon account opening, Robinhood requires specific documentation that proves that you are a US citizen.
How exactly does Robinhood make money?
The online broker earns money from interest earned on customers’ cash balances (money in your account not invested), by selling order information to third parties (high-frequency traders, for instance), and margin lending.
Regarding the selling of orders, the US Securities and Exchange Commission (SEC) is still investigating Robinhoodfor not fully disclosing its practice of selling clients’ orders to high-speed trading firms.
Until October 2018, Robinhood would not clearly state that it was receiving payments for order flows. By law, any financial company must reveal all the material facts an investor would want to know before making any investment decision.
