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https://www.mentarionline.com/
Website
MT4/5 Identification
Full License
No valid regulatory information, please be aware of the risk!
Single Core
1G
40G
More
PT. Mentari Mulia Berjangka
MMB
Indonesia
Pyramid scheme complaint
Expose
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
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