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The Indonesian language is the official language of Indonesia and is spoken by over 42 million people as their first language and is spoken by an estimated 156 million people as their second language. Since there is such a large population speaking the Indonesian language, there are numerous online trading brokerages offering their services to them. Most of these Indonesian speaking brokerages are based in Indonesia or surrounding countries. However, there are international trading brokerages who see the potential of marketing to such a large population of Indonesian speaking traders, therefore many trading brokers from around the world market and offer their services to Indonesian speaking traders.
show moreThe most common currency used by Indonesian speaking traders is the Indonesian rupiah, which is why it is the primary currency accepted by trading brokerages servicing Indonesian traders. However, because the Indonesian rupiah isn’t overly popular as a viable currency in the world, many brokerages accept and prefer more established currencies such as the Euro, the US dollar, Australian dollar, or the UK pound. If you are ever unsure of which currencies a specific Indonesian trading brokerage accepts, simply navigate to their banking page or FAQ section on their website, here you should be able to find a list of supported currencies.
Indonesian speaking trading brokers focus on the Southeast Asian market for most of their clients. One might think Indonesian speaking trading brokerages service many countries because of the large number of people who speak the language, but the Indonesian language is largely contained to the small area of Southeast Asia, primarily just in Indonesia. For this reason, countries such as Indonesia, Bali, and Malaysia are the primary focus for Indonesian speaking brokers. However, if you speak Indonesian and are unsure of whether your county is supported, you can find out by going into the registration page and clicking on the country menu. Alternatively, you can contact the support department and get an answer from a representative.
Since Indonesian supported brokers market their services in the Asian markets, there are various other languages spoken in neighboring countries. Many of these languages are quite similar and thus can be more easily supported by the online trading broker. Some of the additional languages supported by Indonesian brokers are Chinese, Japanese, Spanish, Malay, and as usual, English. As a trader, you can easily see which languages are supported by an online trading broker by toggling the flag icon found in the top right-hand corner of most broker websites.
Indonesian speaking traders have a variety of banking options available to them. Traders can deposit funds through debit & credit cards, bank transfers, and e-wallets, with the latter being the most popular. As for deposits, usually bank wires/transfers or e-wallets are preferred. As always, be sure to compare deposit and withdrawal methods as well as associated fees when choosing an online trading brokerage to deal with. Indonesian speaking traders should always try and choose local brokerages to deal with as processing times and fees for deposits and withdrawals will be more desirable than with international trading brokerages.
