Risk Management Index
BAPPEBTI was launched in 2005 to regulate certain sections of the financial services industry in Indonesia. It is the only agency with regulatory responsibility for various financial institutions. It operates under the supervision of the Indonesian Ministry of Finance and is managed by a board of administrators, all of whom are selected by the government from industry experts.
License Type:Retail Forex License
Regulated in Country/AreaIndonesia
Regulatory License No.：178/BAPPEBTI/SI/I/2003
Email Address of Licensed Institution :email@example.com
License Type:No Sharing
Website of Licensed Institution :
Expiry Date :--
Address of Licensed Institution :Sahid Sudirman Center Lt. 17 Unit D & H, Jl. Jend. Sudirman Kav. 86 KARET TENGSIN TANAH ABANG JAKARTA PUSAT DKI JAKARTA 10220
Phone Number of Licensed Institution :02127889333
Most visited countries/areas
The data are from WIKI Research 2021.04.24 updated
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Basic Information & Regulation of MIFX
Monex Investindo Futures (MIFX) is the largest broker in Indonesia, with over 30% of it sits the foreign exchange market. MIFX is a member of the Jakarta Futures Exchange (JFX) and the Indonesia Commodity and Derivatives Exchange (ICDX) and holds a retail foreign exchange license from the Indonesian Commodity Futures Trading Regulatory Agency (license number: 178/ BAPPEBTI/SI/I/2003).
Safety Analysis of MIFX
Indonesia's BAPPPEBTI is mainly responsible for regulating Indonesia's futures trading activities, including foreign exchange transactions, exchanges, clearing agencies, and local brokers are also regulated by BAPPPEBTI. Under the management of the Indonesian Ministry of Trade, BAPPPEBTI has also established links with local banks, the national police, and other legal institutions, so its local credibility is still unquestionable. However, investors need to make more careful judgments based on spreads, access to funds, etc.
Market Instruments of MIFX
MIFX provides investors with access to popular currency pairs, CFDs, and futures in the Forex market. Compared to other brokers, investors can trade fewer financial assets on the MIFX platform.
Accounts & Leverage of MIFX
MIFX provides investors with two different accounts, namely mini accounts (minimum deposit of $500) and standard accounts (minimum deposit of $4,000). Both accounts have a minimum trade size of 0.1 lots and maximum trading leverage of 1:100.
Spreads & Commissions
The EURUSD spreads on the MIFX platform look very attractive at just 0.2 pips. Most brokers offer EURUSD spreads of between 1.1 pips and 1.5 pips.
Trading Platforms Available of MIFX
MIFX supports the most widely used Forex trading platform - MetaTrader 4 (MT4), which combines ease of use with a full set of professional tools, such as an advanced charting package, multiple order types, a wide range of technical analysis indicators, and Expert Advisors (EA), as well as a large number of backtesting options. In addition, MIX clients have access to Autochartist, a tool that scans, analyzes, calculates, and delivers real-time trading signals, identifies specific chart patterns, sends market updates, and more.
Deposit and withdrawal
MIFX only supports traders to deposit and withdraw funds to their accounts via wire transfer, and the accepted currencies are IDR or USD.
Pros & Cons of MIFX
The main advantages of MIFX are:
2. Competitive variable spreads
3. STP execution
4. MT4 trading platform
The main disadvantages of MIFX are:
1. No micro lots
2. Limited payment options
3. Excessive initial deposit requirements
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Foreign exchange, precious metals and over-the-counter (OTC) contracts are leveraged products, which have high risks and may lead to losses of your investment principal. Please invest rationally.
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