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MRG MEGA BERJANGKA , JFX Broker Comparison

Do you want to know which is the better broker between MRG MEGA BERJANGKA and JFX ?

In the table below, you can compare the features of MRG MEGA BERJANGKA , JFX side by side to determine the best fit for your needs.

  • Rating
  • Basic Information
  • Trading Env.
  • Account Info
  • Related News
  • Relevant Exposures
  • Rating
  • Basic Information
  • Trading Env.
  • Account Info
  • Related News
  • Relevant Exposures
 2 / 3  forex brokers comparison in total
Rating
Score
Regulatory Status
WikiFX Guarantee
WikiFX Survey
Risk Evaluation
Exposure
Basic Information
Est. Date
Regulatory License
MT4
MT5
Crypto
Deposit/Withdrawal Methods
Trading Env.
Trading Environment Rating
Execution Speed
Trading Speed Rating
Average Execution Speed
Minimum Execution Latency
Minimum Open Latency
Minimum Close Latency
Maximum Execution Latency
Maximum Open Latency
Maximum Close Latency
Slippage
Slippage Rating
Average Slippage
Max Slippage
Maximum Positive Slippage
Maximum Negative Slippage
Trading Cost
Trading Cost Rating
  • Average Trading Cost
  • (EURUSD)
  • Average Trading Cost
  • (XAUUSD)
Swap
Swap Rating
  • Average Trading Cost
  • (EURUSD)
  • Average Trading Cost
  • (XAUUSD)
Disconnection Instances
Disconnection Rating
Avg. Disconnection Frequency (/day)
Avg. Reconnection Time
Account Info
Accounts
Account Name
Trading Instruments
Minimum Deposit
Maximum Leverage
Typical Spread
Stop-Out Level
Spread Types
Minimum Trade Size
Crypto
Lock Position
Scalping
EA Trading
MRG MEGA BERJANGKA
7.21
Regulated
Under guarantee
--
--
5-10 years
BAPPEBTI,JFX
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
JFX
6.87
Regulated
Under guarantee
15-20 years
FSA
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--

MRG MEGA BERJANGKA BrokerRelated News

JFX BrokerRelevant Exposures

Which broker is more reliable?

To evaluate a broker's reliability and trustworthiness, consider the following four factors:

1.Forex broker introduction。

2.Do mrg and jfx have lower transaction costs?

3.Which broker is safer?

4.Which broker offers the best trading platform?

Based on these four factors, we can compare which is reliable. We have broken down the reasons as follows:

Forex broker introduction

mrg
MRG Mega Berjangka Limited
Founded1998
Registered Country/RegionIndonesia
RegulationBAPPEBTI and JFX
Market InstrumentsForex, gold, US Index & Crude Oil
Account TypesGOLD, SILVER, PLATINUM
Demo AccountAvailable
Leverage1 : 100
SpreadFrom 0.8 pips
Deposit & Withdrawal/
Trading PlatformMT4
Minimum Deposit$300
Customer SupportPhone:021 7278 1710
Live chat
Senayan City, Panin Tower Lt. 22 Jl.Asia Afrika Lot 19, Jakarta Selatan 10270

MRG Mega Berjangka Information

PT. MRG Mega Berjangka, a company engaged in futures trading and more commonly known as MRG Mega Berjangka, was established in 1998. It offers a diverse range of trading instruments including forex, gold, US Index, and Crude Oil.

There are three account types: GOLD, SILVER, and PLATINUM, with a minimum deposit requirement of $300 and a leverage ratio of 1:100. The platform provides the MetaTrader 4 platform across multiple systems.

MRG Mega Berjangka Informatio

Is MRG Mega Berjangka Legit?

Yes, it has two licenses in Indonesia.

Regulatory AuthorityRegulatory StatusLicense TypeRegulated CountryLicense Number
Badan Pengawas Perdagangan Berjangka Komoditi (BAPPEBTI)RegulatedRetail Forex LicenseIndonesia05/BAPPEBTI/SI/XII/2000
Jakarta Futures ExchangeRegulatedRetail Forex LicenseIndonesiaSPAB - 001/BBJ/09/00
Is MRG Mega Berjangka Legit?
Is MRG Mega Berjangka Legit?

Account Types

GOLDSILVERPLATINUM
Spread (Start from)2.30.82.3
CommissionForex & Gold: 30 per Lot; Index & Crude Oil: 20 per Lot$8 per LotForex & Gold: 30 per Lot; Index & Crude Oil: 20 per Lot
Min. Lot0.1 Lot0.1 Lot1 Lot
Max. Lot10 Lots3 Lots50 Lots
Max. Open LotUnlimited5 LotsUnlimited
Leverage1 : 1001 : 2001 : 100
Min. Stop & Limit Order2 Points2 Points2 Points
Trading StyleNo ArbitrageNo ArbitrageNo Arbitrage
Min. Deposit$500$300$5,000
Account Trading RulesGold Acc: Forex & Gold; Gold Acc: US Index & Crude OilSilver Acc: [Not specified in the given data]Platinum Acc: Forex & Gold; Platinum Acc: US Index & Crude Oil
Account Types

MRG Mega Berjangka Fees

The GOLD and PLATINUM accounts share the same fee model, charging 30/lot for forex & gold and 20/lot for indices & crude oil, with spreads starting at 2.3 pips.

In contrast, the SILVER account offers the lowest spread at 0.8 pips but applies a flat commission of $8/lot across all instruments.

Trading Platform

MRG Mega Berjangka offers MetaTrader 4 trading platform. It includes MetaTrader 4 for Windows systems, the MetaTrader version for Apple iOS devices, and the MetaTrader mobile app for Android devices. You can choose to download it according to your own needs.

Trading Platform

Deposit & Withdrawal

MRG Mega Berjangka has not specified the specific deposit methods and fees, but has shown the detailed deposit steps:

Deposit steps

  1. Enter the username and password obtained during registration in the login field and click “Login”.
  2. After obtaining the MetaTrader login ID and password, select the “Top-Up” menu.
  3. Enter the amount of funds you wish to deposit.
  4. Select “Local Bank Transfer” and choose the account listed with an amount that matches the data you entered (MRG Mega Berjangka does not use the auto-debit function for the security of customer funds).
  5. Ensure that all deposit information is filled in correctly, and then click “Submit”.

Withdrawal steps

  1. Enter the username and password obtained during registration in the login field and click “Login”.
  2. Select the “Withdrawal” menu.
  3. Enter the withdrawal amount (in Indonesian Rupiah). Make sure all withdrawal information is filled in correctly, and then click “Submit”.

Notes

  • Withdrawal requests submitted between 00:00 and 12:00 WIB (Western Indonesia Time) will be processed no later than 16:00 on the same day.
  • Withdrawal requests submitted between 12:00 and 00:00 WIB will be processed no later than 12:00 on the next day.
Deposit steps

jfx
JFXReview Summary
Founded2007
Registered Country/RegionJapan
RegulationFSA
Market InstrumentsCurrencies
Demo Account
Leverage1:25
EUR/USD SpreadFixed from 0.3 pips
Trading PlatformMT4
Min Deposit0
Customer SupportTel: 0120-219-472, 03-5541-6410
Email: kujyo@jfx.co.jp
Address: 1-12-7 Shintomi, Chuo-ku, Tokyo 104-0041 Shintomi HJ Building 3F JFX Co., Ltd.

In 2005, Across FX Co., Ltd. was established and registered as a financial futures trader in November and joined the Financial Futures Association, and in August 2007, started dealing in “Zero FX” and in September 2007, registered as a financial instruments business operator, and moved its headquarters from Minato-ku, Shiba to Akasaka.

In 2008, the name of the company was changed to JFX Co, Ltd. In 2010, JFX started to handle foreign exchange margin trading “MATRIX TRADER,” and in May of the same year, JFX started to provide an iPhone version of the application.

2011, the number of digits displayed in the JFX exchange rate was increased, and in November of the same year, the immediate withdrawal service was started. In 2014, JFX started processing binary options trades, and in July of the same year, the iPhone version of the application became available.

JFX is currently regulated by the Financial Services Agency of Japan (FSA).

JFX's homepage

Pros and Cons

Pros Cons
Regulated by FSALimited variety of assets traded
Support demo accountsConservative leverage
Tight spreadsNo live chat support
Support MT4
No minimum deposit
No fees for deposits and withdrawals

Is JFX Legit?

Yes. JFX is regulated by Financial Services Agency (FSA).

Regulated CountryRegulated AuthorityCurrent StatusRegulated EntityLicense TypeLicense Number
Financial Services Agency (FSA)RegulatedJFX株式会社Retail Forex License関東財務局長(金商)第238号
Regulated by FSA

What Can I Trade on JFX?

FX offers investors access to the most popular currency pairs in the foreign exchange market, such as EURJPY, EURAUD, USDCAD, EURGBP, and more. Besides, information on other trading assets is not known at this time.

Tradable Instruments Supported
Currencies
Commodities
Indices
Stocks
Cryptocurrencies
Bonds
Options
ETFs

Leverage

The maximum leverage available at JFX is up to 1:25 according to the Japanese Laws. It is important to keep in mind that the greater the leverage, the greater the risk of losing your deposited capital. The use of leverage can both work in your favour and against you.

Spread

Currency PairsSpread (AM 9:00~AM 3:00)Spread (AM 3:00~AM 9:00)
USD/JPY0.2 sen3.8 sen
GBP/AUD1.1 pips17.9 pips
GBP/JPY0.9 sen9.9 sen
MXN/JPY0.2 sen
NZD/USD1.0 pips
AUD/JPY0.5 sen5.8 sen
ZAR/JPY0.5 senJPY2.00
CNH/JPY0.8 sen
EUR/USD0.3 pips
EUR/JPY0.4 sen5.9 sen
GBP/USD0.6 pips9.8pips
AUD/USD0.4 pips
EUR/AUD1.1 pips10.9 pips
NZD/JPY0.8 sen7.9 sen
TRY/JPY1.5 sen6.0 sen
Spread

Trading Platform

JFX offers traders the most popular MT4 trading platform on the market. MT4 trading platform is the gold standard in the forex trading industry with powerful charting tools, as well as a large number of technical indicators, support for automated trading, and EA's. Additionally, there is the MATRIX TRADER trading platform available for traders to use.

Trading PlatformSupported Available Devices Suitable for
MT4/Beginners
MT5/Experienced traders

Deposit and Withdrawal

It supports real-time withdrawal services, and there are no fees.

It supports financial institutions such as Rakuten Bank, Sumishin SBI Net Bank, Japan Post Bank, Ion Bank, Lawson Bank, Sumitomo Mitsui Banking Corporation (SMBC), Mitsubishi UFJ Bank, PayPay Bank, U Bank, Mizuho Bank, GMOC Bank, Saitama Resona Bank, Seibu Norimono Bank and about 380 other financial institutions.

Deposit and Withdrawal

Do mrg and jfx have lower transaction costs?

To compare transaction costs across different brokers, our experts analyze the transaction-specific fees (such as spreads) and non-trading fees (such as inactivity fees and payment costs).

To get a comprehensive understanding of how cheap or expensive mrg and jfx are, we first considered common fees for standard accounts. On mrg, the average spread for the EUR/USD currency pair is -- pips, while on jfx the spread is --.

Which broker between mrg, jfx is safer?

To determine the safety of our top brokers, our experts will consider many factors. This includes which licenses the broker holds and the credibility of these licenses. We also consider the history of brokers, because long-term brokers are usually more reliable and trustworthy than new brokers.

mrg is regulated by BAPPEBTI,JFX. jfx is regulated by FSA.

Which broker between mrg, jfx provides better trading platform?

When our experts review brokers, they will open their own accounts and trade through the broker's trading platform. This enables them to comprehensively evaluate the quality, ease of use, and function of the platform.

mrg provides the -- platform with products like --; jfx offers the -- platform featuring assets including --.

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