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Regulated
Score
6.29 /10
Average
MoneyMall
5-10 yearsRegulated in Indonesia
Retail Forex License
MT4 Full License
Regional Brokers
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Comparison
Quantity 3
Exposure
Open Account
Website
Score
Regulatory Index4.94
Business Index7.24
Risk Management Index9.65
Software Index8.22
License Index4.94
Open Account
Website
Licenses
VPS Standard
No restriction on the broker account. Support service provided by WikiFX
Single Core
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Exposure
3 pieces of exposure in total Pyramid scheme complaint
Expose| Money MallReview Summary | |
| Founded | 2003 |
| Registered Country/Region | Indonesia |
| Regulation | BAPPEBTI |
| Market Instruments | Currency, commodities |
| Demo Account | / |
| Leverage | Up to 1:400 |
| Spread | 35 (Gold account) |
| Trading Platform | MetaTrader 4 |
| Min Deposit | $500 |
| Customer Support | Phone: +6231 58282962 |
| Email: info@moneymallfutures.com | |
Money Mall was registered in 2003 in Indonesia, and it is regulated by the authority in Indonesia. On Money Mall, traders can trade currencies and commodities. The company uses MT4 as its platform, and there are three types of accounts available, including Gold, Platinum, and Diamond accounts.
Pros and Cons
| Pros | Cons |
| Regulated by BAPPEBTI | Wide spreads |
| MT4 supported | Limited trading asset classes |
| Operated for a long time | High minimum deposit |
Is Money Mall Legit?
| Regulated Country | Regulated Authority | License Type | License NO. |
| Indonesia | Badan Pengawas Perdagangan Berjangka Komoditi Kementerian Perdagangan (BAPPEBTI) | Retail Forex License | 271/BAPPEBTI/SI/X/2003 |
What Can I Trade on Money Mall?
Money Mall offers 2 types of products: currencies and commodities.
Account Type
There are 3 types of accounts available: Gold, Platinum, and Diamond. The website doesn't mention whether the demo account and Islamic account are available.
| Account Type | Min Deposit |
| Gold | $500 |
| Platinum | $500 |
| Diamond | $2500 |
Leverage
For the Gold and Platinum accounts, the leverage can be up to 1:200. However, for the Diamond accounts, the leverage can be up to 1:400. Higher leverage may mean higher risks. Therefore, considerations are necessary before choosing to open an account.
Money Mall Fees
The spreads are relatively high among the industry, and commission fees are normal. For the Gold account, the spreads can be up to 35, and the commission is 5 per lot. For the Platinum account, they are 25 and 1 per lot, and for the Diamond account, the numbers can be 11 and 5 per lot.
Trading Platform
Money Mall uses MT4 as its trading platform.
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