Opportunities are ample and opening aggressively for Indonesia as a country and an Indonesian trader in general. However, it’s very important for a trader to make a wise choice of a suitable and reliable trader. The following important and crucial things should be considered before choosing a reliable trader:
The first and foremost factor to be considered while choosing a forex broker Indonesia is whether it is regulated under BAPPEBTI which a local Forex regulator is also. Both FB Markets and XM global are seasoned players in the forex market. However, each one has to evaluated on the basis of market instruments they are dealing in, the fees and commissions, regulations they are governed by, their global presence, their platform and the customer service provided. Only after a thorough analysis of both, we can arrive at the conclusion which one is better forex broker Indonesia on most parameters. XM Global and FBS Inc are two major players in the forex broking industry in Indonesia:
About XM Global:
XM Global was established in 2009 and is an industry leader in the forex market. XM Global is a prominent forex broker registered by Trading Point Holdings Ltd. Established in 2008.Its present in 195 countries and across various platforms and languages.
Pros and Cons of XM Global:
- Good for beginners wherein the minimum deposit money is 5$.
- Seminars support – They provide seminars and tools to the investors regularly and this improves the understanding of the investor.
- Strong Regulation –They have all the important licenses of the major regulators in the world.so it is a safer broker.
- Trading in various Instruments -They deal in various instruments like Bitcoin, US/UK stocks, gold, energies like OIL, natural gas and various other market instruments making it an ideal choice for the investors.
- Global Existence-It has customers worldwide in over 195 countries and the platform is available in almost all global languages which makes it more accessible and easy to use.
- They offer Bonuses-They offer conditional bonuses on the deposits regularly to their investors.
- They offer protection against Negative balance: They offer this protection if the market goes down unlike any other in the industry.
- Available on limited platforms, which discourages investors to opt for it.
- It doesn’t accept brokers from US., Canada and Israel.
About FBS Inc.
FBS Inc.is a prominent forex broker and was established in 2009. FBS Inc is managed by a holding company named FBS Markets Inc. It is present in 190+ countries.
Pros and Cons of FBS:
- Available across various platforms which gives more choices to the investors
- Good for beginners -Deposits starts as low as from 1$
- Various deposits and withdrawal options -It boasts of more than 70 payment options unlike other brokers in the industry which limit this to a maximum of 40 or so
- Various seminars conducted for the investors and designs analytical tools for them
- Customer service is available 24/7 so that the customers can reach them whenever any assistance is required
- CopyTrading feature is available
- ECN trading feature available
- Multiple choices of trading accounts like micro, VIP, Islamic accounts, etc. Islamic accounts can specifically benefit the Indonesians as a large population is Muslim.
- Deals in limited market instruments -It doesn’t deal in Bitcoins, Penny stocks, Dow Jones and many other important market instruments which limits its scope and investors refrain from opting for it.
- Has a limited global presence
And The Winner Is…
Both FBS Inc and XM global have their own pros and cons. If you want more market instruments like stocks, Energies, Bitcoins, etc. to deal in with ,you should go for XM Global.If you are interested in vast range of accounts on offer and you are starting off as an investor , you should opt for FBS. Also, XM Global has wider global presence and is available in more than 30 languages, they offer bonuses, conduct special seminars and design better analytical tools for their investors. According forex Indonesia, choosing a good forex broker Indonesia requires time and weighing the pros and cons of each one available and the chosen one caters to your needs and provides good quality customer service and ensures smooth handling of your trades. both are seasoned players in the market with more than 9 years of experience in the forex market, after weighing all the pros and cons of both ,XM Global and FBS Inc ,XM Global seems to be a better bet.