Deal with Forex Online Changer will allow locals to deposit Indonesian Rupiah and trade in US$.

Cyprus forex broker ForexTime (also known as FXTM) has announced a deal with local Indonesian online payments company Forex Online Changer, which will allow Indonesian traders to deposit IDR (Indonesian Rupiah) and trade in USD. The service will be commission free, with next day availability of funds.

We expect more of these types of innovative deals, as global forex brokers look to target more and more forex traders in fast-growing markets, particularly in the Asia-Pacific region.

For more on the global Forex industry see the LeapRate-Dow Jones Forex Industry Report.