mengapa-mpf Spreads, leverage, minimum deposit Revealed

　　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