MMF

MMF | 2024-08-07 16:14

Abstract：Founded in 2005, MMF is a brokerage company with a suspicious clone license registered in Indonesia. The company claims to offer the MetaTrader 4 (MT4) platform.

Note: MMF's official website: https://menaramas.com/dp/ is currently inaccessible normally.

MMF Information

Founded in 2005, MMF is a brokerage company with a suspicious clone license registered in Indonesia. The company claims to offer the MetaTrader 4 (MT4) platform.

Is MMF Legit？

	Badan Pengawas Perdagangan Berjangka Komoditi Kementerian Perdagangan (BAPPEBTI)
Current Status	Suspicious Clone
Regulated by	Indonesia
License Type	Retail Forex License
License No.	583/BAPPEBTI/SI/XII/2004
Licensed Institution	PT. Menara Mas Futures

MMF asserts that it is governed in Indonesia by the Badan Pengawas Perdagangan Berjangka Komoditi Kementerian Perdagangan (BAPPEBTI). However, MMF is classified as a “Suspicious Clone” at this time. It means that their license might be fraudulent. We suggest that traders look for a regulated one.

Downsides of MMF

Regulatory Concerns

As of now, MMF's license is regarded as a suspicious clone. Its legality and safety are questionable.

Inaccessible Website

The official MMF website is not available at this time. Its website does not provide us with first-hand information.

Scam Risk

According to an exposure on WikiFX, a user exposed that the company's BAPPEBTI regulatory license was a clone, the MT4 trading platform was counterfeit, and everything was fake.

Absence of Transparency

There isn't any helpful information regarding MMF available online. It is impossible to confirm its legitimacy or safety.

Negative MMF Reviews on WikiFX

On WikiFX, “Exposure” is posted as a word of mouth received from users.

Traders are encouraged to review information and assess risks before trading on unregulated platforms. Please consult our platform for related details. Report fraudulent brokers in our Exposure section and our team will work to resolve any issues you encounter.

As of now, there is one piece of MMF exposure in total.

Exposure. Scam Risk

Classification	Others
Date	2023-03-15
Post Country	Australia

The user said that the company's BAPPEBTI regulatory license was a clone, the MT4 trading platform was counterfeit, and everything was fake. You may visit: https://www.wikifx.com/en/comments/detail/Co202303152041671403.html

Conclusion

Trading MMFs can put your funds at risk. Their suspicious clone license and inaccessible official website are great red flags. We encourage you to go with other regulated brokers with open and truthful business practices instead of this risky one.

Broker Dealer Forex trading

Related broker

Suspicious Clone

MMF

Company name：PT Menara Mas Futures

Score

1.55

Website：http://menaramas.com/dp/

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

Score

1.55

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