Best Prop Firms for Traders in Indonesia, Checked Firm by Firm

Key takeaways

We checked 25 prop firm listings for Indonesian traders on October 4, 2026 and ranked the 13 products an Indonesian resident can buy by cost per $1,000 of loss room at $50K: list price plus any activation fee, divided by the overall loss limit in dollars.

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We checked 25 prop firm listings for Indonesian traders on October 4, 2026 and ranked the 13 products an Indonesian resident can buy by cost per $1,000 of loss room at $50K: list price plus any activation fee, divided by the overall loss limit in dollars. Topstep Trading Combine is cheapest at $47.50 for one month ($95, $2,000 end-of-day trailing floor), then E8 Markets E8 Pro 10% at $49.80 ($249, about IDR 4,470,000, $5,000 static), FundingPips 2 Step Flex at $49.83, Alpha Capital Group Alpha Pro 10% at $53.40 and Maven Trading Standard 2-Step at $55.00. FTMO, Tradeify futures, Lucid Trading, MyFundedFutures, TradeDay, DayTraders.com, Fintokei, Orion Funded and E8 Markets Futures name Indonesia as excluded; AquaFunded and ThinkCapital allow only instant accounts; Apex carries a serious warning. FundedNext takes QRIS and e-wallets for paying in only; E8’s WorkMarket partner and FundingPips name Indonesian bank payouts. Bappebti block releases name six websites tied to firms here. Rupiah figures use the ECB reference cross of October 2, 2026, $1 = IDR 17,950.40.

Checked: October 4, 2026. Firms change prices, codes and country lists without notice, so confirm on the firm’s own page before paying. Each Trustpilot figure shows its own read date.

Quick answer and the top five prop firms for traders in Indonesia

If you want to become a funded trader in Indonesia, the first question is not price but whether the firm will have you. Thirteen of the 25 listings checked sell at least one product an Indonesian resident can buy on their published terms. Nine name Indonesia as excluded, two allow only instant accounts, and one gives two conflicting answers. Ranked on what you pay for each $1,000 the account can lose, these five come first:

1. Topstep Trading Combine, No Activation Fee (futures): $47.50 per $1,000. List price $95/month (IDR 1,705,000); overall floor $2,000, end-of-day trailing.
2. E8 Markets E8 Pro 10% (forex and crypto): $49.80 per $1,000. List price $249 (IDR 4,470,000); overall floor $5,000, static.
3. FundingPips 2 Step Flex (forex): $49.83 per $1,000. List price $299 (IDR 5,367,000); overall floor $6,000, static.
4. Alpha Capital Group Alpha Pro 10% (forex): $53.40 per $1,000. List price $267 (IDR 4,793,000); overall floor $5,000, static.
5. Maven Trading Standard 2-Step (forex): $55.00 per $1,000. List price $220 (IDR 3,949,000); overall floor $4,000, static.

Topstep leads only because its price is one month of a monthly fee; among one-time fees, E8 Markets leads, and its payout partner WorkMarket publishes a rupiah bank route. Alpha Capital Group, Maven Trading and FundingPips are the three ranked firms that write Indonesia into their own pages: a checkout list, a payout list and a bank payout list.

What prop trading is and whether traders in Indonesia can use prop firms

A prop firm sells you an evaluation: a practice account with a profit target and loss limits. Pass it and the firm gives you a funded account and pays you a share of the profit you make there, usually 80% to 95%. At most firms in this guide the funded account is simulated too: E8 Markets, Maven Trading, Funded Trading Plus, HyroTrader and FXIFY all say so in their own terms, and the payout is real money paid from the firm’s side. A few firms, such as Topstep, Alpha Capital Group, FundingPips, Blueberry Funded and FundedNext Futures, can later move a trader onto a live account.

The advantage is plain: you risk a fixed fee, not your savings, and a good month on a $50,000 account pays more than the same month on a small personal account. The disadvantages are just as plain: most buyers fail, the fee is gone when they do, daily loss limits end accounts quickly, and the firm, not a regulator, decides whether a payout request meets its rules.

For an Indonesian buyer the country questions come first, and Indonesia turns up on the restricted lists of several of the best-known firms. Directories that say a firm “accepts Indonesian traders” for the whole brand miss two kinds of detail: firms that name Indonesia only for some products, such as AquaFunded and ThinkCapital, and brands whose futures arm excludes Indonesia while the forex or crypto arm does not, such as E8 Markets and Tradeify. Every verdict below names the product and quotes the firm.

One local practical note: Jakarta runs on WIB, UTC+7, with no daylight saving, so the firms’ daily resets land early in the Jakarta morning. Tradeify 247’s daily loss resets at 05:00 and HyroTrader’s at 07:00, and a trade held across that moment counts against the next day.

Big prop firms that exclude Indonesia by name

Nine listings name Indonesia as excluded on their own pages, and several of them are names Indonesian articles recommend. FTMO is the sharpest case. Its FAQ says “Apart from the exceptions listed below, we accept clients globally”, and the exceptions include “the Republic of Indonesia”. An Indonesian roundup on page one of the search results ranks FTMO for Indonesian traders anyway.

Most of the excluded firms are US futures firms, which clear through brokers with their own country rules. TradeDay says so outright: “Due to the restrictions put on us by our US FCM (our Clearing firm), and broker, we cannot accept traders who are citizens or residents of the countries listed below.” The check runs at funded-account KYC, after you have paid; its help centre says a failed check means “you will not be eligible for any refunds”. Tradeify’s list opens “Individuals or entities residing in the following restricted countries are prohibited from accessing Tradeify’s services”. Lucid Trading says “If you are a citizen or resident of any of the countries listed below, you are not eligible to use Lucid Trading services”, so an Indonesian citizen living abroad is barred too.

Two forex firms use softer words that still stop a new buyer. Fintokei puts Indonesia in a section headed “Countries with restricted new purchases”: “In the following countries, new purchases are currently not available”. Orion Funded’s current terms, version 3.01 dated September 16, 2026, read “Restricted Jurisdictions include” a list that names Indonesia, while its shorter FAQ list leaves Indonesia off and points back to the full list; the terms decide. DayTraders.com and MyFundedFutures name Indonesia on plain lists. Do not use a VPN or another country’s address to get around any of these; the firms check ID, and several ban it in their terms. More: FTMO profile, TradeDay profile, Lucid Trading profile, Orion Funded profile.

Bappebti block releases that name prop firm websites in Indonesia

Bappebti, Indonesia’s commodity futures trading regulator, publishes press releases listing websites it has blocked with Komdigi, the communications ministry, for offering futures trading without its licence. We searched the block lists attached to its releases from 2019 to May 2025 for every firm in this guide. Six websites tied to firms here appear:

• ftmo.com (FTMO, which excludes Indonesia anyway): entry 288 in the release of July 6, 2023, “Lindungi Masyarakat dari PBK Ilegal, Bappebti Blokir 1.075 Domain Situs Web Entitas Ilegal”, and entry 289 in the release of August 14, 2023.
• alphacapitalgroup.uk (Alpha Capital Group, ranked): entry 127 in the list of sites blocked in 2023, attached to the release of January 31, 2024, “Perkuat Perlindungan Masyarakat, Bappebti Blokir 1.855 Situs Internet Entitas Perdagangan Berjangka Komoditi Ilegal”.
• fundednext.com (FundedNext, ranked, and FundedNext Futures, which sells from fundednext.com/futures): entry 838 in the same 2023 list, with its Facebook and Instagram pages.
• e8markets.com (E8 Markets, ranked): entry 454 in the list of 1,046 domains blocked in 2024, attached to the release of December 31, 2024, “Bappebti Blokir 1.046 Domain Situs Web Entitas PBK Ilegal”.
• thinkmarkets.id (the broker behind ThinkCapital, which allows Indonesians only its BOLT account): entry 260 in the same 2024 list.
• blueberrymarkets.com (Blueberry Markets, the brokerage Blueberry Funded can move traders to after rewards): entry 6 in the same 2024 list; blueberryfunded.com itself is not named.

A block is about access to a website in Indonesia, not about whether a firm pays or whether its rules are fair, so we show it as a dated warning and never as a reason to rank a firm lower. Bappebti’s January 2024 release also says blocked sites “dapat dilakukan normalisasi apabila entitas pemilik situs web tersebut beritikad baik untuk mengurus perizinan ke Bappebti.” In plain English, a block can be lifted if the site’s owner applies for a licence in good faith. Whether any of these domains is still blocked today we could not confirm: Komdigi’s TrustPositif checker, the official source for current blocks, did not answer from our location on October 4, 2026. We do not repeat third-party claims about current blocks.

No release we read named Topstep, FundingPips, Maven Trading, The5ers, FXIFY, HyroTrader, Funded Trading Plus, Tradeify 247, AquaFunded or Apex Trader Funding. Releases list blocked sites in attachments, not in their titles, so a later release could add a firm; search the newest one yourself before paying.

Is prop trading legal in Indonesia? What Bappebti and OJK cover for prop firms

This guide is not legal advice, and we do not call any firm legal or illegal. What we can report is what each regulator covers and what its own site showed us. Bappebti licenses commodity futures brokers, known as pialang berjangka, and runs a public legality checker at ceklegalitas.bappebti.go.id. We searched it for the 18 firms we rank or discuss in detail, and each search returned “Tidak Ditemukan”, not found. That is expected: these firms sell evaluations on simulated accounts and none presents itself as an Indonesian broker, so absence from the checker means they hold no Bappebti licence, not that they are on a warning list.

OJK, the financial services authority, runs Satgas PASTI, a task force that publishes alerts about unlicensed financial offers. Its alert portal did not load from our location on October 4, 2026, and a search of ojk.go.id found no OJK listing naming any of the firms we searched. Treat that as not fully checked rather than as a clean result.

What this means for you: a prop firm fee is a purchase from a foreign company, the funded account is usually simulated, and no Indonesian regulator supervises the payout terms. Keep copies of the firm’s rules on the day you buy, pay with a method in your own name, and ask an Indonesian lawyer if you need a definite answer for your situation. Our older Indonesia availability page is an evidence check of two firms and is not a ranking; this guide re-reads every firm and adds the regulator checks.

Futures prop firms from Indonesia, who blocks and who limits live

Futures is where the Indonesia answer changes most from firm to firm. Six of the nine excluded listings are futures firms: Tradeify, Lucid Trading, MyFundedFutures, TradeDay, DayTraders.com and E8 Markets’ futures arm. That leaves two ranked futures choices, and neither limits Indonesia at any stage.

Topstep leaves Indonesia off both of its tables, including the table of countries that can hold a simulated Express Funded Account but not a Live Funded Account. FundedNext Futures leaves Indonesia off its purchase list and off the list of countries whose traders are referred to its Risk Desk for live review, and it is the one futures firm that takes QRIS and Indonesian e-wallets for the fee. Apex Trader Funding’s country list omits Indonesia while its footer says its services are for US users only, so it sits in the serious warning group below.

No futures firm here publishes a platform or market data rule that names Indonesia. Topstep runs on TopstepX; FundedNext Futures uses Tradovate and NinjaTrader, and its live accounts pay monthly professional data fees the firm does not size. US futures trade through the Jakarta night, so a futures trader here is usually trading after dinner and into the early hours.

How prop firm payouts reach Indonesia, and what they cost in rupiah

No firm checked pays in rupiah itself. Payouts leave in US dollars or crypto, and the conversion happens at a payout provider, your bank or a crypto exchange, at their rate. Three routes reach an Indonesian bank on a published table. WorkMarket, which pays for E8 Markets, lists an Indonesian bank account payout in rupiah with a Rp55,275 fee and 2% to 3% for conversion. FundingPips names Indonesia for bank transfer and Pay to Card payouts, without stating the currency. Rise, used by FXIFY and Maven Trading as their only route and offered by several others, lists rupiah withdrawals at $10 within two business days. The WorkMarket and Rise figures are provider tables, not firm promises, and both providers run their own identity checks.

QRIS, DANA, OVO, ShopeePay, LinkAja and Alfamart appear at FundedNext and FundedNext Futures, but only for paying the fee. No firm names QRIS, GoPay or any e-wallet for payouts, and none names a specific bank such as BCA, Mandiri, BRI or BNI. A US dollar wire that your Indonesian bank converts is not a rupiah payout either: the bank’s rate and any intermediary charge come off it. Crypto routes (HyroTrader, Tradeify 247, and capped options at Blueberry Funded and AquaFunded) leave the conversion to you.

Fees bite harder on small payouts. The table below takes a $1,000 payout, after the profit split, through each firm’s stated route and converts what is left at the October 2 ECB cross. For E8 Markets, WorkMarket’s Rp55,275 fee comes off the rupiah amount. It leaves out your bank’s own charges and any exchange spread on crypto, which no firm publishes.

How we checked prop firms for Indonesia

1. Read each firm’s own restricted countries page, terms, help article or checkout for Indonesia, product by product, to the last entry, and note the test (residence, citizenship, ID document or location).
2. Treat forex, futures and crypto arms of one brand as separate listings, so Tradeify and Tradeify 247, FundedNext and FundedNext Futures, and E8 Markets and E8 Markets Futures each get their own verdict.
3. Price every $50K variant at list price and add any activation fee; codes go in the firm notes only, and an activation fee the firm does not publish is never assumed to be zero.
4. Divide by the smallest overall loss limit in dollars at any stage, never a daily limit, and multiply by 1,000.
5. Note the payout routes that reach Indonesia, the currency they pay in, the live stage terms and Trustpilot, and search Bappebti’s releases and legality checker for each firm.

We sort every firm into one of five groups: it names Indonesia as accepted, it leaves Indonesia off a list it presents as complete, it leaves it off a list it does not call complete, it allows only some products, or it names Indonesia as restricted. The first three can be ranked; the order within the ranking is the cost measure, not the group. A simulated funded account is how almost every firm works for every country, so it is a fact we state, not a reason to drop a firm. A Bappebti block and a hidden Trustpilot rating are warnings we show, not ranking factors. Only a rule that names Indonesia, or a clause that may cover it, moves a firm out of the ranking. The same checks for other countries are on our country tools page.

Prop firms in Indonesia ranked by cost per $1,000 of loss room

Lower is better. A $6,000 floor at $299 and a $5,000 floor at $249 both cost about $50 for each $1,000 you are allowed to lose, which is the comparison that matters if you plan to buy more than once. Rupiah figures are the list price at the ECB cross, rounded to the nearest IDR 1,000.

Notes on this ranking: Cost per $1,000 is the list price of the firm’s cheapest $50,000 product that an Indonesian resident can buy, plus any activation fee, divided by the smallest overall loss limit in dollars at any stage, times 1,000. Daily loss limits and per-position rules are not used. Rupiah figures use the ECB reference cross of October 2, 2026, 1 USD = IDR 17,950.40 (EUR/IDR 20,149.32 divided by EUR/USD 1.1225), rounded to the nearest IDR 1,000; your card or bank rate will differ, and no firm here charges in rupiah. Ties share a rank. ^a Topstep bills $95 every month until you pass or cancel, so the figure is one month. Two months would be $95.00 per $1,000 and would move it to 12th, between Blueberry Funded and FundedNext Futures. Its Standard path costs $49 a month plus a $149 activation fee, $99.00 for one month. ^b FundingPips does not publish an activation fee for 2 Step Flex and does not say there is none, so the figure is the fee alone. Every $10 of fee it might add raises the figure by $1.67, so a fee above about $21 would drop it below Alpha Capital Group. Its terms also exclude “countries on the FATF and EU/UN sanctions lists”; Indonesia is on neither FATF list dated June 19, 2026. ^c Maven Trading shows no activation line at checkout and its terms say there are no hidden fees, but it never states a $0 activation fee, so the figure is the fee alone. Every $10 it might add raises the figure by $2.50. Its +10% drawdown add-on costs $275 for a $5,000 floor, also $55.00. ^d FundedNext does not name an activation fee for Stellar Lite and does not say there is none; the figure is the evaluation fee alone. Every $10 of fee it might add raises it by $2.50, so a fee above about $19 would drop it below The5ers. Choosing cTrader instead of MT5 adds $25, which makes it $63.75. ^e The5ers’ High Stakes size table shows an 8% overall loss ($4,000) at $50K while its FAQ says 10% ($5,000). We rank on the tighter table figure; on the FAQ figure it would be $49.80 and share second place with E8 Markets. Its terms word the banned-country list “including but not limited to” the names given, while its FAQ gives a closed list. The no-conflict alternative is its Pro Growth 1-Step at $329 for a $3,000 static floor, $109.67. ^f FXIFY’s FAQ and terms give closed lists, but its footer says it refuses residents of countries “including” those named and any country where its service would be against local law, so Indonesia is not on a list the firm calls complete. Its Two Phase Standard costs the same $379 for a trailing $5,000 floor; we show the Classic for its static floor. ^g HyroTrader’s published prohibited list leaves Indonesia off, but its terms add a further restricted list that is published only on its platform, behind sign-in. Indonesia is outside the FATF part of that clause. The $379 is a deposit the firm says it refunds with the first payout; we rank on the full $379. ^h Blueberry Funded’s Synthetic Plan costs $225 for the same $5,000 static floor, $45.00 per $1,000, which would be the lowest figure in this guide. It trades only the firm’s own computer-generated synthetic instruments, not currencies, gold or real indices, so we rank Prime 2-Step, which trades real markets.

Money, payouts and watch-outs at prop firms for Indonesian traders

Same order as the ranking. This table answers the questions an Indonesian buyer asks after the price: how you pay and whether a local method is named, how money comes back, whether Indonesia carries a product limit, whether you can be moved to a live account, and the one thing most likely to cost you, including a Bappebti block where one applies.