Where should I trade forex?

Between a broker and a dealer is actually the same. It's just that the term dealer is more often used by local brokers from Indonesia. So perhaps you mean whether it's better to trade with a foreign or local broker?

Considerations for using a foreign broker are usually needed by those who want to enjoy more flexible trading conditions, such as low spreads, swap free, affordable minimum deposits, high leverage, etc. When choosing a broker, the best way is to adjust it to your financial condition and trading needs. If a local broker is unable to accommodate your trading style, then you may lean towards choosing a foreign broker. However, if you do not mind the specifications of a local broker because you prioritize its legality which is officially registered with the Indonesian regulator, then you can also try trading with a dealer like Central Capital Futures.

Choosing a registered dealer is recommended. PT Central Capital Futures is a local broker registered with Bappebti Indonesia. We don't know the minimum deposit funds. You can ask the company directly. It is best not to open a real account immediately, but practice first in a demo account for several months because the biggest risk for a trader is losing money in a short time. Regarding credibility, we cannot provide an assessment because we have never opened a trading account with the company in question.

Hopefully it's useful

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** The information we present is based on observation. It is not intended to direct you to trade with the company.

To Lily,

If you want to start trading forex, then of course the first thing you need to have is a trading system/strategy that has been tested for success. Once you have that, then you can choose a broker to use for trading.

Trading forex must certainly go through a forex broker or futures broker. For the security of funds and the convenience of trading, it is of course recommended to use a broker that is regulated by a credible and trusted regulatory body. Credible and trusted regulatory bodies in the international arena are such as FCA, NFA, ASIC, etc. As for domestically, the Bappebti regulatory body is the official regulatory body in Indonesia.

PT. Central Capital Futures (CCF) is one of the forex brokers (futures brokers) from Indonesia. The forex broker has been regulated by Bappebti and of course has representative offices in several major cities in Indonesia. Regarding the minimum deposit, generally local Indonesian brokers set a fairly large minimum deposit figure, around USD 10000 (for a standard account). For more information, you can contact the broker in question.

Hopefully this can help.