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Suspicious Clone
Score
1.54 /10
Danger
mengapa-mpf
5-10 yearsSuspicious Regulatory License
Suspicious Scope of Business
High potential risk
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Comparison
Expose
Exposure
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Website
Score
Regulatory Index0.00
Business Index7.21
Risk Management Index0.00
Software Index4.00
License Index0.00
Open Account
Website
Licenses
VPS Standard
No restriction on the broker account. Support service provided by WikiFX
Single Core
1G
40G
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Warning: Low score, please stay away!
2
Previous Detection :
2024-12-26
- It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
- The IndonesiaICDX regulation (license number: 17/AK-KBI/X/2003) claimed by this broker is suspected to be clone. Please be aware of the risk!
WikiFX Verification
General Information & Regulation
PT Millennium Penata Futures is forex brokerage whose website isnt very informative. Many important details regarding the trading conditions and the company behind the operation appear to be missing Millennium Penata Futures is based in Indonesia and operates without any license.
Markets Instruments
Millennium Penata Futures offers trading in forex currency pairs, commodities, indices, stocks.
Minimum Deposit
When you open a trading account and click on the deposit button, the minimum amount for a deposit that shows is $100.
Leverage
Millennium Penata Futures provides leverage of up to 1:100, and this would be enough for most traders. Although this is not generous, traders should take care to use it as leverage can double returns as well as potential risks.
Spreads & Commissions
From the bid/ask price for this currency pair, we can calculate that the spread is 3.0 pips on the EURUSD pair. We must say that such spread will be to a great disadvantage to the traders as they wont be able to achieve sustainable profit in the long run.
Trading Platform Available
Millennium Penata Futures gives its traders two choices trading platform, including J-Trader, MetaTrader 4, MetaTrader Mobile.
Deposit& Withdrawal
The payment methods, as per the information on the website, include VISA, MasterCard, PayPal and wire transfer. There are no deposit or withdrawal fees. The typical withdrawal processing time is given to be up to 5 business days.
Customer Support
The Millennium Penata Futures customer support can be 24/5 reached through telephone: (021) 29075188, Fax: (021) 29075199.
Address: UOB Plaza,Thamrin Nine 43rd Floor, Jl. M.H. Thamrin No. 10 Kav. 8-10, Jakarta, 10230, Indonesia
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