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

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