HighLow IDR Bank Deposit Tutorial

Update Jan 2019: HighLow no longer offers services in Indonesia. We are now recommending broker Zen Trader for Indonesian traders seeking a broker with local bank deposits and withdrawals.

HighLow Markets is a well known Australian based broker and has over 100,000 clients from around the world. Their platform offers trading in forex, commodities, stock indices and cryptocurrency.

In recent years HighLow has become popular with Indonesian traders. Firstly, because of the high payouts of up-to 200% on winning trades but also because of the easy and fast deposit and withdrawal methods offered. HighLow is one of the few brokers which accept rupiah deposits from most Indonesian banks (BCA, Mandiri, CIMB, BNI etc).

Below is a tutorial for depositing in rupiah via local bank transfer.

Step 1: Select Bank Transfer (IDR)

Once you have uploaded your ID and your account has been approved by the HighLow team, you can then make a deposit. In addition to instant bank transfer, Indonesian traders can also deposit with credit cards (Visa and Mastercard) and Bitcoin/Bitcoin Cash.

In the trading platform, select “Bank Transfer (IDR)”:

The same deposit methods are also available in the iPhone and Android app menus.

Step 2: Requesting a Virtual Account number

• Enter your deposit amount and click “Deposit”
• Wait 10-20 seconds to receive a VA number
• Copy the unique 16 digit VA number

The minimum deposit is Rp250,000 and maximum Rp25 million per transaction. If you wish to deposit more, you will have to complete the above steps multiple times. The daily deposit limit for bank transfer is Rp250 million.

You have 2 hours to make the payment before it expires. If you need more time or want to change your deposit amount, just request a new VA number.

Please note that BCA clients currently can only make bank transfer payments via ATM or Visa and Mastercard. BCA does not support VA payments to all banks.

Step 4: Transfer funds to Virtual Account

• Transfer funds through internet banking or ATM within 2 hours
• You must transfer the exact amount of your deposit or the transaction will fail

Step 5: Receive Confirmation from HighLow

If the deposit is successful, the funds should be reflected in your HighLow account immediately and you will receive an email confirmation. For any payment issues, HighLow support can be contacted directly. Make sure to include a clear description of the issue along with any proof of payment.

As a licensed and ASIC regulated broker (AFSL 364264), by law HighLow holds all Indonesian client funds securely in a separate Client Trust account with National Australia Bank.

Update Jan 2019: HighLow no longer offers services in Indonesia. We are now recommending broker Zen Trader for Indonesian traders seeking a broker with local bank deposits and withdrawals.