The election of Indonesia’s local forex broker or international forex broker is often confusing for traders. Both of them have advantages and disadvantages. But there are some advantages of forex brokers, the elections of local forex broker local elections will make it easier for traders. Let’s get to know some of the benefits!
1. The Use of Indonesian Languages
Sometimes, the differences in language make people confused, especially for those have less fluent English language. Indeed, the debate between traders and brokers occurs happen because of the difference in the language. You can reduce this occurrence if you will cooperate with the local forex broker.
2. There is a guarantee of regulation in Indonesia
Only brokers are regulated by the commodity futures trading (Bappebti) is allowed to operate in Indonesia. So, the broker listed on domestic exchanges and the financial markets that use the resources is in Indonesia.
3. Easier to reach
By choosing a local broker, you’ll easier communication. You can consult with them by going to the Office or online.
But, if you chose broker forex in the overseas, you would be more difficult to communicate. International forex broker data were not recorded by Bappebti, so if you have any problems, you cannot report to Bappebti or OJK.
4. You can easier to draw out or to deposit
If you choose local broker forex you will use a local bank, so you can easier to draw out or to deposit.
For the beginner trader of local broker, forex will easier to send a financial to trading. You can use a bank account or brokerage account.
The funds will certainly be kept in a separate account with the broker company (segregated account), as special funds for financial trading. The fund is faster than you choose international forex broker who use foreign services to deposit and draw out.
So, are you interest to cooperate with Indonesia local forex broker?