Millennium Penata Futures-Overview of Minimum Deposit, Leverage & Spreads

mengapa-mpf | 2021-12-05 16:52

Abstract：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.

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

Leverage Broker Commission Currency Pair Dealer

Related broker

Suspicious Clone

mengapa-mpf

Company name：MILLENNIUM PENATA FUTURES, PT

Score

1.54

5-10 years | Suspicious Regulatory License | Suspicious biz area | High potential risk

Score

1.54

Australian Dollar Surges as Trade Surplus Hits 11-Month High: A Golden Opportunity for Forex Traders

Australia's trade surplus has surged to an 11-month high, reaching $5.62 billion in January 2025. The unexpected boost in trade surplus was primarily driven by a 1.3% month-over-month increase in exports, with non-monetary gold playing a starring role.

Original 2025-03-06 20:29

ECB Set to Cut Rates, But Future Path Uncertain Amid Global Tensions

- ECB expected to cut interest rates on March 6 - Future rate decisions unclear due to ongoing inflation and global trade issues - Markets expect more cuts, but some ECB officials urge caution

Industry 2025-03-06 20:25

FBK Markets Review 2025: Live & Demo Accounts, Withdrawals to Explore

FBK Markets, a young South African forex broker, targets both beginners and experienced traders within this region. This broker shines at its low minimum deposit required, 100% deposit bonus, and flexible account options, yet we cannot consider it reliable as it operates without any regulation. Furthermore, it features an approximately 70% withdrawal failure rate.

Science Popularization 2025-03-06 15:45

5 Arrested in the TriumphFX Investment Scam Investigation

Malaysian authorities have intensified their investigation into the TriumphFX foreign exchange investment scam, resulting in the arrest of five individuals linked to the fraudulent scheme.

Original 2025-03-06 14:07