Best Local Forex Broker for Multi-asset Trading
Do you want to trade forex as well as profit from assets such as cryptocurrencies, stock indices and commodities? Some of the best local forex brokers can be an option.
Do you want to trade forex while profiting from other financial assets such as cryptocurrencies, stock indices and commodities? It is no longer the time to rely on only one type of asset, so many people are getting interested in multi-asset trading. When the forex market is quiet, traders can switch trading to more profitable assets such as Gold and Oil. Traders who want to turn into long-term investors can also turn to stocks that pay large dividends.
Local forex brokers respond to this trend of multi-asset trading quite well. More and more forex brokers are offering a wider variety of assets for trading. Traders do not have to register with many brokers to enrich their portfolio content, but only join one broker so they can start looking for profits in various types of financial assets. Very practical, right!? Here is a list of the best local forex brokers for those of you who are interested in multi-asset trading.
1. Valbury
Valbury is a broker that offers traders the most extensive collection of financial assets. If you visit the website, you will be presented with options for four types of accounts: Online Trading (Futures), Online Trading (Shares), Broker Accounts (Shares), and Mutual Funds. The shares provided by Valbury are physical shares from the Indonesia Stock Exchange, not foreign share CFDs. Therefore, Valbury is well suited for experienced traders who want to build a diversified portfolio.
You may need to fill out different forms to open an account on all four types of accounts, but they all fall under Valbury. Online Trading Accounts (Futures) can even be used to trade five types of assets at once, namely foreign exchange (forex), precious metals, crude oil, index futures, and commodity futures. Minimum capital deposit is IDR 100,000 for Mutual Funds, IDR 5 million for Online Trading (Shares), IDR 25 million for Broker Accounts (Shares), and USD 10,000 for Online Trading (Futures).
2. GKINVEST
The broker under PT Global Kapital Investama Berjangka launched a new asset option in the form of Single Stock CFD for foreign stocks in early 2019. Thus, GKINVEST is a local broker that provides multi-assets for trading, namely Forex & Precious Metals (27 pairs), Stock Index (9 indices), Commodity Futures Contracts (2 types), and Single Stock CFDs.
The four types of assets are packaged in several different account types which are fully reviewed on the GKINVEST website. Confused which account to choose for the first time? Just try signing up for a demo account which includes all types of assets. Next, open an account to trade the asset you are most interested in. After success and want to diversify your portfolio, you can open a new account with the same broker.
3. Topgrowth Futures
This broker, which has been established since 2003, provides five types of assets, namely:
- Forex (12 pairs)
- Spot Gold and Silver
- Commodity Futures (Gold, CPO and Olein)
- CFDs (Dow Jones Index, S&P500, NASDAQ, FTSE, DAX and crude oil)
- Index Futures (Nikkei, Hangseng, Kospi)
Interested in joining Topgrowth Futures? You can start with a free demo account or a mini account which only requires an initial capital of IDR 5 million. If you are advanced, you can upgrade to a regular account which requires an initial deposit of IDR 100 million.
4. International HFX Futures
HFX International Futures only facilitates multi-asset trading on Forex, Indices and Spot Commodities. However, the amount covered by each type of asset is quite impressive. There are 20 major and minor forex pairs, four indices (Dow Jones, Nasdaq, S&P500, Nikei225), and three spot commodities (US Crude Oil, Silver, Gold).
You can access all of these types of assets by registering for any account type available on the HFX International Futures website. Mini account registration requires only USD100 of capital, while Classic and Premium accounts require an initial deposit of USD5000.
5. Octa Investama Futures
Octa Investama Berjangka offers 27 forex pairs along with 2 precious metals and 5 indices. You can trade all of them by registering once because Octa only provides one account type. The initial capital deposit requirements are also very affordable, which is as much as USD100. A further advantage for Muslim traders: this broker provides Islamic account options (swap-free trading) with no additional side fees.
Octa Investama Berjangka is also one of the forex brokers that applies the cheapest trading fees in Indonesia. In addition to low spreads, brokers who pocket the license no. 54/BAPPEBTI/SI/05/2013 also often distributes rebates and festive promotional bonuses.
Comment (0)
Post a Comment