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Score

0123456789
.
0123456789
0123456789
/10

MMB

Indonesia|5-10 years|
Suspicious Regulatory License|MT4/5 full license|Regional Brokers|High potential risk|

https://www.mentarionline.com/

Website

Rating Index

MT4/5 Identification

MT4/5 Identification

Full License

2
Server Name
Mentari-Demo MT4
Server Location Indonesia

Contact

https://www.mentarionline.com/

Licenses

No valid regulatory information, please be aware of the risk!

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

Single Core

1G

40G

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Broker Information

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Company Name

PT. Mentari Mulia Berjangka

Company Abbreviation

MMB

Platform registered country and region

Indonesia

Company website

Pyramid scheme complaint

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Warning: Low score, please stay away!
Previous Detection : 2024-03-29
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!

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MMB · Company Summary

Basic Information & Regulation

Mentari Online is a broker based in Jakarta, Indonesia, and is not currently subject to any active regulation.

Safety Analysis of Mentari Online

Mentari Online is an unregulated broker, which means that the safety of investors' funds and trading activities on the platform are not protected in any way, and the high spreads on the Mentari Online platform are likely to be a scam, so investors should stay away from Mentari Online.

Market Instruments

On the Mentari Online platform, traders can trade several major currency pairs, gold, silver, and stock indices.

Accounts & Leverage of Mentari Online

Mentari Online offers a standard account with a minimum deposit of $200, a minimum lot size of 0.01, and maximum leverage of 1:200. Additionally, Mentari Online provides a demo account with $2,000 play money for traders to practice their trading skills and strategies.

Spreads & Commissions

Mentari Online standard account has a spread of 3 pips, in addition to a commission of $10 per lot, which is much higher than the industry standard.

Trading Platforms Available of Mentari Online

Mentari Online offers the popular multi-asset trading platform MetaTrader 4 (MT4). MT4 trading platform is easy to use with a wide selection of charting and analytical tools and various third-party applications, making it popular among traders and brokers.

Deposit and Withdrawal of Mentari Online

Mentari Online only supports traders to deposit and withdraw funds to their investment accounts via local bank transfer (Indonesia). Mentari Online does not offer popular payment methods such as PayPal, Neteller, Skrill, credit and debit cards.

Pros & Cons of Mentari Online

The main advantages of Mentari online are:

1. MT4 available

2. Demo accounts offered

The main disadvantages of Mentari online are:

1. No regulation

2. High minimum deposit requirements

3. Wide spreads & high transaction costs

4. Limited payment options


User Reviews

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4

Comments

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小雨78715
more than one year
I have been trading with MMB for almost half a year and everything is fine so far. Transaction costs are reasonable. After all, zero costs are impossible, and foreign exchange brokers have to make money.
2023-02-28 14:06
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0
0
王大见
more than one year
The spreads and commissions charged by this Indonesian company are high. Also, I see that he has no regulatory information, so I don't want to trade with him... it would be an unknown risk.
2022-12-01 15:40
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0
0
FX1057771942
more than one year
Awesome customer service! You can always ask them any questions, live chat is really convenient. In addition, I have to say that they are really professional and will enthusiastically give you a lot of trading advice. Although I don't know if it is really useful, their service attitude is really good.
2022-11-28 18:17
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0
0
右手戒指
more than one year
This Indonesian broker provides the poor trading conditions, unreachable customer support, inaccessible website… I would choose this broker if I were insane…
2022-11-28 15:42
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0
0
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