Indonesian Foreign Exchange Market Projected to Continue Growing
The growth in the number of retail investors and expanding public access to global financial markets is driving competition within the digital trading industry. Technological advancements and increased internet penetration are further broadening public participation in foreign exchange (forex) trading and other financial instruments.
The prospects for Indonesia’s forex market continue to show an upward trend. According to data from the IMARC Group, the value of Indonesia’s forex market is expected to reach $11.85 billion in 2025 and is projected to increase to $21.37 billion by 2034, representing a compound annual growth rate (CAGR) of 6.43 per cent during the 2026-2034 period.
Meanwhile, the ‘Digital 2026: Indonesia’ report from DataReportal notes that the number of internet users in Indonesia is expected to reach approximately 230 million by the end of 2025, equivalent to 80.5 per cent of the total population. This condition is considered a key driver for the adoption of digital financial services, including trading platforms.
Amidst this industrial development, various trading platforms are strengthening their user acquisition and retention strategies. One such example is JustMarkets, which is hosting a contest for users to commemorate the company’s 14th anniversary.
JustMarkets spokesperson, Niyas Yessengarayev, stated that the activity is a form of appreciation for users who actively transact on the platform. “Celebrating our 14th anniversary, we thank all our clients for their trust, dedication, and participation,” Niyas said in a press release on Saturday (6/6/2026).
The contest, running from 1 June to 31 July 2026, offers prizes including cash and gold bars for participants who meet specific transaction activity criteria. The programme is open to verified users with a minimum balance of 100 US dollars in their trading accounts.
According to the company, in addition to competition based on transaction activity, the programme also includes weekly and end-of-period draws for participants who achieve certain transaction volumes.
Amidst the rising number of retail investors, digital trading industry players also face the challenge of improving financial literacy and the understanding of investment risks. This is because forex trading and Contract for Difference (CFD) activities carry high risks that can lead to the loss of invested capital.
The future development of the industry is expected to be determined not only by the number of new users but also by the ability of platforms to provide services that are secure, transparent, and aligned with the increasingly diverse needs of retail investors.