Are prop firms legal in Indonesia?

Indonesia regulates futures and forex brokers tightly. Prop firms work differently, but that doesn't make them regulated.

Licensed brokers

Forex brokers need an Indonesian licence, and regulators regularly block unlicensed trading sites.

A prop firm sells an evaluation on a demo account and pays a share of profit. It isn't licensed in Indonesia, so local protection doesn't apply.

Check years in business, recent Trustpilot reviews and payout records, and make sure the firm accepts Indonesia in its terms.

Is it illegal to use a prop firm in Indonesia?

No rule names prop firms; treat it as a grey area.

Can I use a VPN?

Using a VPN to get around a block or a firm's country rules can get your account closed. We don't recommend it.