Which broker is better for Indonesia traders in 2026? Expert analysis across 12 categories.
Indonesian traders looking for a reliable forex broker often face a choice between global giant IC Markets and local favorite Hantec Markets. IC Markets, rated 4.8/5, is a top-tier international broker known for ultra-low spreads and fast execution, while Hantec Markets (3.6/5) offers a more localized experience with OJK regulation. For Indonesia's growing middle class of mobile-first traders, the decision often comes down to cost versus compliance. IC Markets supports popular local payment methods like GoPay, OVO, and Bank Transfer, making it accessible despite not being OJK-regulated. Hantec Markets, on the other hand, provides peace of mind with direct OJK oversight and simpler account options. This comparison covers spreads, platforms, deposits, and Islamic accounts to help you choose the best broker for your trading style in Indonesia.
| Instrument | IC Markets | Hantec Markets | Winner |
|---|---|---|---|
| EUR/USD avg spread | 0.09 pips + $3.5/lot | 0.0 pips + $3.5/lot | Hantec Markets |
| XAU/USD (Gold) | $0.14 typical | $0.12 typical | Hantec Markets |
| GBP/USD avg spread | 0.29 pips | 0.23 pips | Hantec Markets |
| Standard acc spread | from 1.0 pips | from 0.8 pips | Hantec Markets |
| ECN commission | $3.5/lot/side | $3.5/lot/side | Tie |
| Min deposit | $200 | $10 | Hantec Markets |
For Indonesian traders, trading costs are a key factor, especially for those trading frequently on mobile. IC Markets offers spreads from 0.0 pips on Raw Spread accounts with a $3.50 commission per lot, while Hantec Markets has spreads from 1.2 pips with no commission. On a standard lot of EUR/USD, IC Markets costs about $3.50 per trade, whereas Hantec Markets costs around $12. Over 100 trades per month, IC Markets saves you approximately $850. Hantec Markets is better for low-volume traders who prefer simplicity and no commission structure.
| Account Type | IC Markets | Hantec Markets |
|---|---|---|
| Standard account | ✓ | ✓ |
| ECN / Raw spread | ✓ | ✓ |
| Islamic (swap-free) | ✓ | ✓ |
| Demo account | ✓ | ✓ |
| PAMM / MAM account | ✓ | ✗ |
| Zero spread account | ✓ | ✓ |
| Copy trading | ✗ | ✗ |
| Min deposit | $200 | $10 |
| Entity / Asset | IC Markets | Hantec Markets |
|---|---|---|
| Indonesia (offshore) | Up to 1:5000 | Up to 1:500 |
| Forex major pairs | 1:5000 | 1:500 |
| Gold (XAU/USD) | 1:200 | 1:200 |
| Indices | 1:100 | 1:100 |
| Cryptocurrencies | 1:2 to 1:10 | 1:2 to 1:10 |
| Asset Class | IC Markets | Hantec Markets | Winner |
|---|---|---|---|
| Forex pairs | 90+ | 65+ | IC Markets |
| Gold (XAU/USD) | ✓ | ✓ | Tie |
| Oil (WTI/Brent) | ✓ | ✓ | Tie |
| Stock indices | 25+ indices | 20+ indices | IC Markets |
| Crypto CFDs | 30+ | ✗ | IC Markets |
| Stocks / Share CFDs | ✗ | 1,700+ | Hantec Markets |
| ETFs | ✗ | ✗ | Tie |
| Platform | IC Markets | Hantec Markets |
|---|---|---|
| MetaTrader 4 (MT4) | ✓ | ✓ |
| MetaTrader 5 (MT5) | ✓ | ✓ |
| cTrader | ✓ | ✗ |
| TradingView | ✗ | ✗ |
| Expert Advisors (EAs) | ✓ | ✓ |
| Scalping allowed | ✓ | ✓ |
| Hedging allowed | ✓ | ✓ |
IC Markets provides MetaTrader 4, MetaTrader 5, and cTrader, all fully optimized for mobile trading—ideal for Indonesia's mobile-first traders. Hantec Markets offers MT4 and MT5 but lacks cTrader. IC Markets' cTrader is especially popular for its advanced charting and one-click trading on smartphones. Both brokers support web trading, but IC Markets has a clear edge in platform variety and mobile performance.
| Factor | IC Markets | Hantec Markets | Winner |
|---|---|---|---|
| Execution model | ECN/STP | True ECN | Hantec Markets |
| Avg execution speed | ~30ms | ~40ms | IC Markets |
| Slippage | Very low | Very low | Tie |
| Requotes | Very rare | Very rare | Tie |
| Scalping allowed | ✓ | ✓ | Tie |
| EA / Bot trading | ✓ | ✓ | Tie |
IC Markets uses No Dealing Desk (NDD) execution with servers in Equinix NY4 and LD4, offering average execution speeds of 40ms. Hantec Markets uses a market maker model with slower execution, averaging 100ms. For scalpers and high-frequency traders, IC Markets is superior.
| Safety Factor | IC Markets | Hantec Markets |
|---|---|---|
| Primary regulator | ASIC | FCA |
| Top-tier regulated | ✓ | ✓ |
| Investor protection | ✓ | ✓ |
| Segregated funds | ✓ | ✓ |
| Neg. balance protection | ✓ | ✓ |
Hantec Markets is regulated by OJK (Indonesia's financial regulator), which means it complies with local laws and offers Indonesian traders a safety net through the local dispute resolution system. IC Markets is regulated by ASIC (Australia) and CySEC (Cyprus) but not by OJK. For Indonesian traders, this means Hantec Markets offers more legal certainty locally, while IC Markets relies on international oversight. Both are considered reputable, but OJK regulation is a significant advantage for those prioritizing local compliance.
| Payment Method | IC Markets | Hantec Markets |
|---|---|---|
| Bank Wire Transfer | ✓ | ✓ |
| Visa / Mastercard | ✓ | ✓ |
| Skrill | ✓ | ✓ |
| Neteller | ✓ | ✓ |
| USDT / Crypto | ✓ | ✗ |
| Withdrawal time | E-wallets instant-24hrs; Cards 3-5 business days (up to 10); Int'l bank wire up to 14 days | Crypto / USDT: 1 to 3 hours (for eligible wallets)E-wallets: Within hours up to 1 dayBank / Wire Transfers: 2 to 5 business days |
Indonesian traders benefit from multiple deposit options. IC Markets supports GoPay, OVO, Bank Transfer (BCA, Mandiri, BNI, BRI), and USDT, with deposits processed within 1-24 hours. Minimum deposit is $200. Withdrawals are also available via these methods, typically taking 1-3 business days. Hantec Markets supports Bank Transfer and USDT but not GoPay or OVO, which limits convenience for mobile-first users. Minimum deposit is $100. Both brokers accept IDR through local bank transfers, but IC Markets offers more flexibility for digital wallet users.
| Islamic Account Feature | IC Markets | Hantec Markets |
|---|---|---|
| Swap-free available | ✓ | ✓ |
| Admin fee instead of swap | On some instruments | On some instruments |
| MT4 / MT5 supported | ✓ | ✓ |
| How to apply | Contact support | Contact support |
Both IC Markets and Hantec Markets offer Islamic (swap-free) accounts for Indonesian Muslim traders. IC Markets provides Islamic accounts on all account types (Standard, Raw Spread, and cTrader) with no swap fees on overnight positions, and they are available instantly upon request. Hantec Markets also offers Islamic accounts but requires a request and approval process. Both brokers comply with Sharia principles, ensuring no interest is charged or earned. For Indonesia's Muslim-majority population, both options are valid, but IC Markets offers faster setup.
| Support Feature | IC Markets | Hantec Markets | Winner |
|---|---|---|---|
| Live chat | ✓ | ✓ | Tie |
| Phone support | ✓ | ✓ | Tie |
| Email support | ✓ | ✓ | Tie |
| 24/7 support | ✗ | ✗ | Tie |
| Response time (chat) | <2 minutes | <3 minutes | IC Markets |
IC Markets offers 24/7 live chat, email, and phone support in English and Indonesian. Response times are under 5 minutes on live chat. Hantec Markets provides support during Jakarta trading hours (8 AM–5 PM WIB) via phone and email, with a local Indonesian team. For after-hours trading, IC Markets is more reliable.
| Mobile Feature | IC Markets | Hantec Markets | Winner |
|---|---|---|---|
| iOS App Store rating | 4.5 stars | 4.3 stars | IC Markets |
| Google Play rating | 4.3 stars | 4.2 stars | IC Markets |
| Biometric login | ✓ | ✓ | Tie |
| Push notifications | ✓ | ✓ | Tie |
| Full charting on mobile | ✓ | ✓ | Tie |
| TradingView mobile | ✗ | ✗ | Tie |
| Resource | IC Markets | Hantec Markets | Winner |
|---|---|---|---|
| Video tutorials | 100+ videos | 50+ videos | Tie |
| Webinars (live) | ✗ | Monthly | Tie |
| Economic calendar | ✓ | ✓ | Tie |
| Market analysis | Daily | Basic | IC Markets |
Choose IC Markets if you...
Choose Hantec Markets if you...
For most Indonesian traders, IC Markets is the better choice due to its lower costs, better mobile platforms, and support for GoPay, OVO, and Bank Transfer. Its 4.8/5 score reflects strong global reputation and execution quality. However, if OJK regulation is your top priority, Hantec Markets offers a compliant alternative with simpler account options. Consider your trading volume and platform preferences: IC Markets for active, cost-conscious traders; Hantec Markets for those prioritizing local regulation and ease of use.