Mentari -Overview of Minimum Deposit, Spreads & Leverage

Overview of PT. Mentari Mulia Berjangka

PT. Mentari Mulia Berjangka, established in 2013 and regulated in Indonesia, is a trading platform in futures trading with an official license BAPPEBTI NO. 28/BAPPEBTI/SI/03/2013. The platform provides traders with a wide array of financial instruments, encompassing forex, stock indices, and precious metals. With various account types available, such as demo, mini, regular, and Hang Seng index accounts, the platform caters to diverse trading preferences and experience levels. Traders can conveniently access and engage with these assets through the user-friendly MetaTrader 4 (MT4) trading platform, known for its robust features and seamless interface.

Is PT. Mentari Mulia Berjangka Legit？

PT. Mentari Mulia Berjangka is regulated, it operates under the regulatory oversight of BAPPEBTI, holding an official license BAPPEBTI NO. 28/BAPPEBTI/SI/03/2013. Regulation plays a vital role in safeguarding investors' interests by ensuring brokers comply with legal requirements, thereby reducing the likelihood of fraudulent activities and fostering a secure trading environment. Regulated brokers are also obligated to uphold stringent financial reporting standards, offering investors transparent and reliable information essential for making informed decisions. However, it's important to acknowledge that while regulation provides oversight and accountability, it does not eliminate all risks associated with online trading. Traders should remain vigilant and exercise caution to mitigate potential risks effectively.

Pros and Cons

Mentari Mulia operates under regulatory oversight, providing traders with a sense of security and trust. With multiple account types available, traders have the flexibility to choose an option that aligns with their trading needs and experience level. However, there are some drawbacks to consider. The platform lacks clarity on leverage and commission structures, which may lead to uncertainty for traders. Although Mentari Mulia utilizes the popular MetaTrader 4 platform, it falls short in providing comprehensive educational resources, limiting opportunities for traders to enhance their skills and knowledge. Furthermore, while the platform offers regulatory oversight, its deposit and withdrawal methods are limited to banks, potentially inconveniencing some traders. Therefore, traders should exercise caution and conduct thorough research before engaging with Mentari Mulia to ensure a safe and informed trading experience.

Trading Instruments

Mentari Mulia offers a selection of trading instruments, including forex, stock indices, and precious metals, each presenting unique opportunities and considerations for traders.

Forex: Forex trading is suitable for conservative traders and can be utilized for carry trade strategies. However, it involves speculative means, as the economic condition of a country can significantly affect the value of a currency. Despite this, the forex market boasts high daily turnover, making it less susceptible to market manipulation.

Stock Indices: Trading stock indices provides a relatively safe option as it is less prone to potential price manipulation. It serves as a means of diversification for traders' portfolios. Stock indices typically exhibit clear trends with less sideways movement, but they also entail higher volatility compared to other assets.

Precious Metals: Precious metals, such as gold and silver, are considered the best investments during unstable market conditions. They offer significant profit potential due to their high volatility, with prices often rising during periods of global instability. Moreover, precious metals are relatively easy to analyze, making them attractive options for traders seeking stability and growth in uncertain times.

Account Types

Mentari Mulia offers a range of account types to cater to different trading preferences and experience levels:

Demo Accounts: These accounts are designed for practice and learning purposes. Traders can use demo accounts to familiarize themselves with the platform and test trading strategies without risking real money.

Real Accounts:

• Mini Accounts: Real trading accounts suitable for beginners or traders. They require a minimum deposit of $200 and provide access to trading forex and gold.

• Regular Accounts: These accounts are suitable for more experienced traders and require the same minimum deposit of $200. They also offer access to trading forex and gold.

• Hang Seng Index Accounts: Tailored for traders interested in trading the Hang Seng Index, these accounts require a higher minimum deposit of $2,000.

To open a real account, traders must be at least 21 years old and provide valid identification documents along with supporting documents as required by the broker.

How to open a real account

To open a real account, you must first register and create a demo account. Only then can you create a real account.

Here are the steps you can take:

1. Visit www.mentarimulia.co.id and click [OPEN ACCOUNT]

2. Click [OPEN REAL ACCOUNT]

3. Fill and Approve 8 documents

4. Click [SUBMIT] after completing all documents

5. Mentari (Broker Representative) will verify and review your account opening request (Monday – Friday 09.00-19.00 WIB)

6. Mentari (Broker Representative) will contact you during the verification process

7. After the verification process is complete, Mentari will send your real account details to your email.

Spreads and Commissions

Mentari Mulia offers different spreads across its trading instruments:

• Gold: The spreads for trading gold start from at least 4 pips.

• Forex: Traders can expect spreads for forex trading to start from at least 1.8 pips.

• Index: For trading indices, the spreads typically start from at least 5 points.

Other Fees

For forex and precious metals, Mentari Mulia imposes a swap fee ranging from 2% to 5%. Meanwhile, for the Hang Seng stock index, a flat swap fee of $3 per lot is applied. Additionally, on Wednesdays, a 3-day swap fee is charged.

Trading Platforms

Mentari Mulia offers the MetaTrader 4 (MT4) trading platform, renowned for its leading and advanced features in the world of derivatives trading. With MT4, traders can experience high stability and reliability, making it the ideal choice for trading gold, forex, and indices. The platform provides comprehensive access to market developments, allowing traders to stay informed and make well-informed trading decisions at any time.

Trading Tools

Mentari Mulia offers a wide range of trading tools that cater to various trading strategies and preferences. Traders can employ techniques such as scalping, hedging, news trading, and martingale to execute their trading strategies effectively. However, the use of Expert Advisers or Robots is not permitted on the platform.

Educational Resources

Mentari Mulia provides posts designed to help traders develop their skills and understanding of the market. Traders can learn how to interpret price action and analyze past market movements to make informed trading decisions.

Deposit & Withdrawal

At Mentari Mulia, depositing funds is convenient and accessible via mobile or computer. Simply transfer funds to the designated Bank BCA account under the name 'PT Mentari Mulia Berjangka' at account 035.313.4717 (IDR) or 035.313.5446 (USD).

Withdrawals can also be processed conveniently through computer or mobile phone.

Withdrawal requests made between 07:00 WIB to 11:00 WIB will be processed no later than H + 1, while those received after 11:00 WIB will be processed no later than H + 2. Importantly, Mentari Mulia does not charge any fees for the depositing and withdrawing of funds, ensuring a seamless transaction process for its clients.

Customer Support

Mentari Mulia provides various channels for customer support, ensuring traders can easily reach out for assistance. For general inquiries, traders can contact the customer service team via email at cs@mentarimulia.co.id. Additionally, for specific complaints or compliance-related issues, traders can reach out to the dedicated email address compliance@mentarimulia.co.id. If immediate assistance is required, traders can also contact Mentari Mulia's customer support team directly by phone at (021) 252 7311 or (021) 252 7310. Mentari Mulia is also on some social media platforms, including Instagram, Facebook, Twitter, Linkedin.

Conclusion

In summary, Mentari Mulia offers traders regulatory oversight, providing a sense of security. With diverse account types available, traders can choose options that suit their needs. However, uncertainties exist regarding leverage and commission structures. Despite utilizing MetaTrader 4, educational resources are limited, hindering skill development. Additionally, the platform's reliance on bank-only deposit and withdrawal methods may inconvenience some traders. Therefore, caution and thorough research are advised before engaging with Mentari Mulia for a safe trading experience.

FAQs

Q: Is Mentari Mulia regulated？

A: Yes, Mentari Mulia operates under the regulatory oversight of BAPPEBTI, holding an official license BAPPEBTI NO. 28/BAPPEBTI/SI/03/2013.

Q: What trading instruments are available on Mentari Mulia？

A: Mentari Mulia offers a selection of trading instruments, including forex, stock indices, and precious metals.

Q: What account types does Mentari Mulia offer？

A: Mentari Mulia provides various account types, including demo, mini, regular, and Hang Seng index accounts, catering to different trading preferences and experience levels.

Q: How can I contact Mentari Mulia's customer support？

A: For general inquiries, traders can contact the customer service team via email at cs@mentarimulia.co.id. Additionally, for specific complaints or compliance-related issues, traders can reach out to the dedicated email address compliance@mentarimulia.co.id. If immediate assistance is required, traders can also contact Mentari Mulia's customer support team directly by phone at (021) 252 7311 or (021) 252 7310.

Risk Warning

Trading online comes with inherent risks, and there's always a possibility of losing your invested capital. It's important to acknowledge that online trading may not be suitable for everyone, and it's essential to fully understand the risks involved. Additionally, the information provided in this review is subject to change due to updates in the company's services and policies. The date of this review is also crucial as information may have evolved since its creation. Therefore, readers are encouraged to verify any updated information directly with the company before making any decisions or taking action. Ultimately, the responsibility for using the information provided in this review lies with the reader.