Hotforex is regulated by FCA but Indonesian clients are directed to Cyprus

@Frans Oetomo Putra: Less secure. However, for small capital <$1,000, you can use brokers from tax havens (offshores) such as Cyprus, British Virgin Islands, Vanuatu, Belize, etc. If your trading funds are more than $1,000, we suggest choosing a broker that is already regulated by a credible international regulatory body, namely: CFTC, NFA, FCA, FSA, FINMA, MiFID, ASIC and FMA.

Thank you

@Rizki
But from several brokers I have registered with, they are all redirected to offshore countries, what is the solution for clients from Indonesia Master? Is there a regulatory body that accepts foreign nationals, for example, Indonesians?

@Mamat Sutisna: Sir, you can enter brokers that have been involved in the world of trading for a long time such as saxo bank, FXCM, Oanda, Interactive Brokers, and Dukascopy. These brokers indeed have smaller leverage and larger minimum deposits but are safer because they have a long track record in the world of trading and regulation in major countries.

Offshore country brokers are suitable for traders with small accounts who are starting to learn trading because they offer trading specifications that cannot be provided by the brokers above, such as:

1. High leverage, even more than 1:1000

2. Minimum deposit $0

3. No commission per transaction

4. There is a rebate

Thank you