Score

5.71 /10
Average

Mentari Mulia

Indonesia

5-10 years

Regulated in Indonesia

Retail Forex License

Suspicious Scope of Business

C

Add brokers

Comparison

Expose

Exposure

Open Account
Website

Score

Regulatory Index4.94

Business Index7.13

Risk Management Index9.63

Software Index4.44

License Index4.94

Open Account
Website

Licenses

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

open now

Broker Information

More

Company Name

PT Mentari Mulia Berjangka

Company Abbreviation

Mentari Mulia

Platform registered country and region

Indonesia

Company website

X

Facebook

Instagram

YouTube

Linkedin

Company summary

Pyramid scheme complaint

Expose

Check whenever you want

Download App for complete information

WikiFX Verification

Mentari Mulia · Company summary
Mentari MuliaReview Summary
Founded2018
Registered Country/RegionIndonesia
RegulationBAPPEBTI
Market InstrumentsForex, Stock Indices, Precious Metals
Demo Account/
Leverage/
SpreadFrom $0.3
Trading PlatformMT4
Min Deposit/
Customer SupportLive chat
Tel: (021) 252 7311; (021) 252 7310
Email: cs@mentarimulia.co.id
Social media: Facebook, Instagram, Twitter, Linkedin
Head Office: Graha Aktiva 6th Floor Suite 601 & 7th Floor HR Rasuna Said Street Block X-1 Kav. 03 East Kuningan, Setia Budi, South Jakarta

Mentari Mulia was registered in 2018 in Indonesia, offering trading services related to forex, stock indices, and precious metals. It uses MT4 as its trading platform, and provides various channels for customer support. Besides, it is regulated well in Indonesia. However, it should be noted that it does not provide enough details about accounts and trading processes on its official website.

Mentari Mulia's homepage

Pros and Cons

Pros Cons
Regulated by BAPPEBTILack of transparency
Segregated accountsLimited product choices
MT4 supported
Live chat support

Is Mentari Mulia Legit?

Yes, Mentari Mulia is regulated by Badan Pengawas Perdagangan Berjangka Komoditi Kementerian Perdagangan (BAPPEBTI) in Indonesia.

Regulated AuthorityCurrent StatusRegulated CountryLicense TypeLicense No.
Badan Pengawas Perdagangan Berjangka Komoditi Kementerian Perdagangan (BAPPEBTI)RegulatedIndonesiaRetail Forex License28/BAPPEBTI/SI/03/2013
Regulated by BAPPEBTI

Besides, it also applies certain methods to protect customers' assets, and the segregated accounts service is an example.

Separate account

What Can I Trade on Mentari Mulia?

Mentari Mulia mainly focuses on 3 types of markets, including forex, stock indices, and precious metals.

Tradable Instruments Supported
Forex
Stock Indices
Precious Metals
Commodities
Cryptocurrencies
Bonds
Options
ETFs
What Can I Trade on Mentari Mulia?

Trading Platform

Mentari Mulia uses MT4 as its trading platform.

Trading PlatformSupported Available Devices Suitable for
MT4PC, web, mobileBeginners
MT5/Experienced traders
MT4

News

NewsAsian currency markets held steady Tuesday supported by optimism around the dollar

Asian currency markets remained stable on Tuesday's trade, helped by the US dollar's strengthening safe-haven status as the policy stalemate in Washington over the US debt ceiling continues.

WikiFX
2023-05-18 15:28
Asian currency markets held steady Tuesday supported by optimism around the dollar

User Reviews

More

User comment

5

Comments

Write a review

8HQT
more than one year
Starting my trading journey here was a great decision. The low minimum deposit and no commission on trades made it accessible for me as a beginner. Their customer service is very responsive. Thanks for always helping me with patience when I have questions.
Starting my trading journey here was a great decision. The low minimum deposit and no commission on trades made it accessible for me as a beginner. Their customer service is very responsive. Thanks for always helping me with patience when I have questions.
Translate to English
2024-06-27 15:22
Reply
0
0
Minh Nam
more than one year
A significant difference between practicing on the demo account and real-time trading! The demo offered instant execution without slippage, while live accounts involved slippage due to confirmation prompts with one-click trading. This confirmation step, while preventing invalid trades, became a nuisance for efficient trade management as it limited users to handling one trade at a time. Additionally, live accounts initially had a flaw in MT5 that allowed nonsensical trades. For example, a sell order could be placed with a take profit price exceeding the purchase price, which would obviously lead to losses.
A significant difference between practicing on the demo account and real-time trading! The demo offered instant execution without slippage, while live accounts involved slippage due to confirmation prompts with one-click trading. This confirmation step, while preventing invalid trades, became a nuisance for efficient trade management as it limited users to handling one trade at a time. Additionally, live accounts initially had a flaw in MT5 that allowed nonsensical trades. For example, a sell order could be placed with a take profit price exceeding the purchase price, which would obviously lead to losses.
Translate to English
2024-04-16 16:18
Reply
0
0