MIFX Regulation, Is This Indonesian Broker Safe?

Monex Investindo Futures (MIFX) is a regulated Indonesian futures broker operating under the oversight of three major regulatory bodies: BAPPEBTI, the Jakarta Futures Exchange (JFX), and the Indonesia Commodity and Derivatives Exchange (ICDX). Founded in 2000, MIFX has built a reputation for legal compliance and operational transparency in the Indonesian financial markets.

Regulatory Licenses and Oversight

Holds multiple licenses that reinforce its legitimacy:

• BAPPEBTI License
• License No.: 178/BAPPEBTI/SI/I/2003
• Issue Date: January 28, 2003
• Regulatory Status: Active
• Jakarta Futures Exchange (JFX)
• License No.: SPAB-104/BBJ/12/03
• Issue Date: December 19, 2003
• Indonesia Commodity and Derivatives Exchange (ICDX)
• License No.: 036/SPKB/ICDX/Dir/III/2010
• Issue Date: March 19, 2010

These licenses confirm MIFXs compliance with Indonesian regulatory standards, making it one of the few brokers with triple oversight.

MIFX Broker Profile and Domain Transparency

• Company Name: PT. Monex Investindo Futures
• Website: monexnews.com
• Domain Registered: Indonesia (.com domain)
• Email: support@monexinvestindo.com
• Phone: +62-21-3150607
• Office Address: Menara Ravindo Lt. 8, Jl. Kebon Sirih Kav. 75, Jakarta 10340

Regulation is backed by long-standing domain presence and consistent regulatory updates.

Account Types and Trading Conditions

MIFX offers two distinct live account types:

Trading Instruments and Market Access

MIFX provides access to:

• Forex: Major, minor, and exotic pairs
• Gold & Silver: Competitive spreads on precious metals
• Oil: Crude oil and energy derivatives
• Indices: Global index trading

This diversified product suite positions MIFX competitively against regional brokers.

Platform Availability and App Support

MIFX supports MetaTrader 4 across:

• Windows
• Mac
• iOS
• Android

This cross-platform compatibility ensures traders can operate seamlessly across devices.

Pros and Cons of MIFX

Pros:

• Triple regulation (BAPPEBTI, JFX, ICDX).
• Competitive spreads on Pro Account.
• MT4 platform with full device support.
• Transparent licensing and office documentation.

Cons:

• High minimum deposit for Pro Account ($10,000).
• Fixed spreads on the Standard Account may deter scalpers.

Competitor Comparison

Compared to other Indonesian brokers:

• MIFX offers broader regulatory coverage than single-license brokers.
• Its Pro Account spread (0.2 pips) is tighter than many regional competitors.
• MT4 support is standard, but MIFXs mobile app integration is more robust.

Bottom Line: MIFXs Regulatory Strength

Monex Investindo Futures stands out in the Indonesian brokerage landscape due to its triple regulatory licensing, transparent operations, and competitive trading conditions. For traders seeking a regulated broker with diverse instruments and platform flexibility, MIFX Regulation offers a strong value proposition.

Its long-standing presence since 2000 and consistent oversight by BAPPEBTI, JFX, and ICDX make MIFX a legitimate and safe choice for futures trading in Indonesia.