Overview of MRG

MRG, also known as PT. MRG Mega Berjangka, is a financial brokerage firm based in Indonesia. However, there are suspicions regarding the legitimacy and regulatory status of this company. While MRG claims to be regulated by the Indonesian regulatory agency Badan Pengawas Perdagangan Berjangka Komoditi (BAPPEBTI) and the Jakarta Futures Exchange (JFX), these claims are suspected to be clones and the broker lacks valid regulation.

The company offers trading services through the MT4/5 White Label platform, providing access to various financial instruments such as Forex, gold, US indices, and crude oil. However, it is important to exercise caution when dealing with MRG due to the potential risks associated with its lack of valid regulation and suspicious claims.

Overall, potential investors should carefully consider the available information and exercise due diligence before engaging in any trading activities with MRG. It is advisable to seek alternative brokers with clearer regulatory statuses and a more transparent operating environment.

Pros and Cons

Equinox offers a range of pros and cons for traders to consider. On the positive side, it boasts low minimum deposit requirements, making it accessible to a wider range of individuals. Traders can also benefit from varying leverage ratios, allowing them to adjust their risk exposure. Equinox provides access to global markets, enabling traders to explore opportunities across different regions. Additionally, it offers the popular MT4 trading platform known for its user-friendly interface and advanced features. However, it's important to note the potential cons, such as the inherent risk involved in trading and the possibility of market volatility leading to losses. The available market instruments may be limited, and market conditions can impact liquidity. Traders should also be mindful of regulatory and geopolitical risks. Equinox provides multiple account options to cater to different trading preferences. Overall, traders should carefully assess these pros and cons to determine if Equinox aligns with their individual trading needs and risk tolerance.

Is MRG Legit？

Based on the information provided, PT. MRG MEGA BERJANGKA (formerly PT. ASKAP FUTURES) claims to be regulated by the Indonesian regulatory agency Badan Pengawas Perdagangan Berjangka Komoditi (BAPPEBTI) under license number 05/BAPPEBTI/SI/XII/2000. However, it is stated that this claim is suspected to be a clone and the broker currently has no valid regulation.

Additionally, PT. MRG MEGA BERJANGKA claims to be regulated by the Jakarta Futures Exchange (JFX) under license number SPAB-001/BBJ/09/00, but this claim is also suspected to be a clone.

Therefore, based on the information provided, it is advised to be cautious and aware of the potential risks associated with dealing with PT. MRG MEGA BERJANGKA as it lacks valid regulation and has been flagged as suspicious.

Market Instruments

MRG offers a range of market instruments for investors to engage in trading activities.

Forex:

MRG offers Forex trading, allowing investors to trade currency pairs in the foreign exchange market. Forex trading involves speculating on the exchange rate fluctuations between different currencies. Traders can take advantage of the volatility in currency prices to potentially generate profits.

Emas (Gold):

MRG enables investors to trade gold, which is a popular commodity and a store of value. Gold trading allows investors to speculate on the price movements of gold, taking advantage of its status as a safe-haven asset and potential hedge against inflation.

US Index:

MRG provides trading opportunities in US indices, such as the S&P 500, Dow Jones Industrial Average, and Nasdaq Composite. Trading US indices allows investors to gain exposure to the overall performance of the US stock market, providing potential opportunities for profit based on the index movements.

Crude Oil:

MRG allows investors to trade crude oil, which is a globally traded commodity and a key energy resource. Crude oil trading involves speculating on the price movements of oil, which can be influenced by factors such as supply and demand dynamics, geopolitical events, and economic indicators.

Pros and Cons

Account Types

MRG offers three different account types: GOLD, SILVER, and PLATINUM. Each account type has its own set of specifications and features.

GOLD Account:

The GOLD account offered by MRG has a spread starting from 2.3 pips. For forex and gold trading, there is a commission of $30 per lot, while for index and crude oil trading, the commission is $20 per lot. The minimum lot size is 0.1 lot, and the maximum lot size is 10 lots. There is no limit on the maximum number of open lots. The leverage available is 1:100. The minimum stop and limit order distance is 15 points. Trading style is specified as “No Arbitrage.” The minimum deposit required for a GOLD account is $500.

SILVER Account:

The SILVER account has a spread starting from 0.8 pips. The commission for all trades is $8 per lot. The minimum lot size is 0.1 lot, and the maximum lot size is 3 lots. The maximum number of open lots allowed is 5. The leverage offered is 1:200. The minimum stop and limit order distance is 1 point. Similar to the GOLD account, the trading style is specified as “No Arbitrage.” The minimum deposit required for a SILVER account is $300.

PLATINUM Account:

The PLATINUM account features a spread starting from 2.3 pips. For forex and gold trading, the commission is $30 per lot, and for index and crude oil trading, it is $20 per lot. The minimum lot size for this account type is 1 lot, and the maximum lot size is 50 lots. There is no restriction on the maximum number of open lots. The leverage offered is 1:100, and the minimum stop and limit order distance is 15 points. The trading style is specified as “No Arbitrage.” The minimum deposit required for a PLATINUM account is $5000.

How to Open an Account？

To open an account with MRG, follow these steps:

1. Visit the MRG website and click on the “Register” menu.

1. Fill in the required information accurately in the provided fields.

2. Select the type of account you wish to open.

1. Enter the captcha correctly and ensure that you have read and agreed to the Terms & Conditions.

1. Double-check that all the registration data you have provided is correct.

2. Click on the “Submit” button to complete the account opening process.

Leverage

MRG offers leverage options of 1:100 for the GOLD and PLATINUM accounts, while the SILVER account provides a higher leverage option of 1:200. Leverage allows traders to amplify their trading positions with a smaller amount of capital. It is important to note that while leverage can potentially increase profits, it also magnifies potential losses, making risk management a crucial aspect of trading with leverage. Traders should carefully consider their risk tolerance and use leverage responsibly.

Spreads & Commissions

MRG offers different account types with varying spreads and commissions. The GOLD account has a spread starting from 2.3 pips and commissions of $30 per lot for forex and gold trading, and $20 per lot for index and crude oil trading. The SILVER account features a spread starting from 0.8 pips and a fixed commission of $8 per lot for all trades. The PLATINUM account offers a spread starting from 2.3 pips and commissions of $30 per lot for forex and gold trading, and $20 per lot for index and crude oil trading. Each account type has its own minimum deposit requirement, lot sizes, leverage, and trading style specifications.

Margins

MRG applies margin charges to clients for various types of trades, such as day trades and overnight positions. The specific margin requirements differ depending on the account type. For Gold, Silver, and Platinum accounts, the margin requirements per lot are $100, $50, and $1,000, respectively.

Deposit & Withdrawal

MRG recommends that clients primarily make deposits and withdrawals via local bank transfer. However, the company has not disclosed whether any fees are charged for these methods. To make a withdrawal, clients need to follow a few steps. First, they need to log in using their registered username and password. After logging in, they should select the “Withdrawal” menu. Then, they need to enter the withdrawal amount in Indonesian Rupiah and ensure that all the withdrawal details are accurate before clicking “Submit.”

It is important to note that withdrawals made between 00:00 and 12:00 WIB will be processed on the same day by 16:00 WIB at the latest. Withdrawals made between 12:00 and 00:00 WIB will be processed on the following day by 12:00 WIB at the latest.

To make a deposit, clients should follow these steps: log in using their registered username and password, select the “Withdrawal” menu, enter the deposit amount in Indonesian Rupiah, choose the option for local bank transfer, select the appropriate bank account based on the provided details, and ensure that all the deposit information is accurate before clicking “Submit.”

Trading Platforms

MRG offers the MT4 (Metatrader 4) platform, which is widely recognized as one of the most widely used trading platforms among traders. With the MT4 platform, MRG Mega Berjangka provides traders with the opportunity to stay connected to the market at all times. The platform offers various options of Metatrader that can be tailored to suit individual needs.

The MT4 platform is known for its user-friendly interface and comprehensive charting capabilities, allowing traders to analyze price movements, apply technical indicators, and implement various trading strategies. It also provides real-time quotes, news feeds, and a wide range of trading tools to enhance the trading experience.

Traders using the MT4 platform can access a variety of financial instruments, including Forex, commodities, indices, and CFDs. The platform supports multiple order types, including market orders, limit orders, and stop orders.

One of the advantages of the MT4 platform is its extensive library of third-party plugins and expert advisors (EAs). Traders can utilize these tools to automate their trading strategies, perform backtesting, and receive trade signals based on predefined conditions.

Trading Tools

MRG provides educational resources to enhance traders' knowledge and understanding of the financial market. They offer explanations of common terms related to the financial market and financial instruments. This educational material can be beneficial for traders looking to expand their understanding and improve their trading strategies.

Mekanisme Trading:

MRG offers trading mechanisms that allow traders to execute their trades. These mechanisms provide a platform for traders to enter, modify, or close their positions in the financial market. The trading mechanisms offered by MRG facilitate the buying and selling of various financial instruments, providing traders with the necessary tools to participate in the market.

Tips Trading:

MRG provides trading tips to assist traders in making informed decisions. These tips may include market analysis, trading strategies, and insights into potential trading opportunities. The tips offered by MRG can be helpful for traders looking for guidance and ideas in their trading activities.

Customer Support

1. Penanganan Pengaduan Nasabah: MRG provides a customer support unit specifically dedicated to handling customer complaints. This unit is responsible for addressing and resolving any issues or concerns raised by customers. Customers can contact the Unit Pengaduan through various channels, including telephone and email. The customer support team aims to provide prompt assistance and aims to respond to customer inquiries within a maximum of 2x24 hours.

2. Unit Pengaduan: The Unit Pengaduan is the department within MRG that focuses on handling customer complaints. Customers can reach out to this unit via telephone at 021-7278 1710 (Hunting) or 021-7278 1721. Additionally, they can also contact the unit through email at customercare@mrgfutures.co.id. The Unit Pengaduan is responsible for providing complaint handling services to customers and explaining the Standard Operational Procedures (POS) for complaint handling, including the procedures for using the BAPPEBTI Online Complaint System.

3. Contact Information: MRG's customer support can be reached through various contact channels. Customers can fill out the contact form available on their website or directly contact the Unit Pengaduan through the provided telephone numbers. The company's official website is www.mrgfutures.co.id. The physical address of MRG is Senayan City, Panin Tower Lt. 22, Jl. Asia Afrika Lot 19, Jakarta Selatan 10270.

Conclusion

In conclusion, MRG Mega Berjangka has both advantages and disadvantages. On the positive side, MRG offers a range of market instruments for trading, including forex, gold, US indices, and crude oil, providing investors with diversification opportunities. They also provide the widely recognized MT4 trading platform, known for its user-friendly interface and comprehensive charting features. Additionally, MRG offers multiple account options with varying leverage ratios and low minimum deposit requirements. On the other hand, MRG's lack of valid regulation raises concerns about its credibility and potential risks associated with trading. The limited information provided about trading terms, fees, and alternative payment methods is also a disadvantage. Traders should exercise caution and consider these drawbacks before engaging with MRG Mega Berjangka.

FAQs

Q: Is MRG a legitimate broker？

A: Based on the information provided, MRG lacks valid regulation and has been flagged as suspicious. It is advised to exercise caution and be aware of the potential risks associated with dealing with MRG.

Q: What market instruments does MRG offer？

A: MRG offers trading opportunities in Forex, Gold, US Indices, and Crude Oil.

Q: What are the different account types offered by MRG？

A: MRG offers three account types: GOLD, SILVER, and PLATINUM, each with its own specifications and features.

Q: How do I open an account with MRG？

A: To open an account with MRG, visit their website, click on the “Register” menu, fill in the required information accurately, select the account type, enter the captcha correctly, agree to the Terms & Conditions, double-check the provided data, and click “Submit.”

Q: What leverage options does MRG provide？

A: MRG offers leverage options of 1:100 for GOLD and PLATINUM accounts, and 1:200 for the SILVER account.

Q: What are the spreads and commissions charged by MRG？

A: The spreads and commissions vary depending on the account type. The GOLD account has a spread starting from 2.3 pips, the SILVER account has a spread starting from 0.8 pips, and the PLATINUM account has a spread starting from 2.3 pips. Commissions are $30 per lot for forex and gold trading, and $20 per lot for index and crude oil trading in GOLD and PLATINUM accounts, while the SILVER account has a fixed commission of $8 per lot for all trades.

Q: How can I make deposits and withdrawals with MRG？

A: MRG recommends using local bank transfer for deposits and withdrawals. The specific fees associated with these methods are not disclosed. To make a withdrawal or deposit, follow the instructions provided on the MRG website.

Q: What trading platform does MRG offer？

A: MRG offers the widely recognized MT4 (Metatrader 4) platform, known for its user-friendly interface, comprehensive charting features, real-time quotes, news feeds, and a wide range of trading tools.

Q: What trading tools does MRG provide？

A: MRG provides educational resources, trading mechanisms for execution, and trading tips to assist traders in making informed decisions.

Q: How can I contact MRG's customer support？

A: You can contact MRG's customer support unit dedicated to handling customer complaints through telephone numbers or email. The contact information can be found on their official website.

Overview of Central Tanshi

Central Tanshi FX Co., Ltd., headquartered in Tokyo, Japan, has been a key player in the financial services sector since its establishment in March 2002. Specializing in foreign exchange margin trading, the company offers a diverse range of trading services and is regulated by the Financial Services Agency (FSA) of Japan, ensuring strict adherence to financial regulations and consumer protection.

With partnerships encompassing over 20 major financial institutions, Central Tanshi provides traders with access to 10 currency pairs, a maximum leverage of 25 times, and variable spreads tailored to different time periods. Offering multiple trading platforms and flexible deposit methods, it aims to cater to the diverse needs of traders in the dynamic world of foreign exchange.

Is Central Tanshi Legit or a Scam？

Central Tanshi is a legitimate financial services company. It is regulated by Japan's Financial Services Agency (FSA), a reputable regulatory body known for its stringent standards. The FSA ensures compliance with financial laws and regulations to protect consumer interests.

Central Tanshis regulatory certificate number adds an additional layer of transparency and trust. While I cannot provide real-time or the most up-to-date information, based on the information available, Central Tanshi does not display the characteristics commonly associated with scam operations.

Pros and Cons

Pros:

1. Regulated by FSA: Central Tanshi is regulated by Japan's Financial Services Agency (FSA), ensuring adherence to strict financial standards and consumer protection.

2. Multiple Trading Platforms: The broker offers various trading platforms for different devices, enhancing accessibility and convenience for traders.

3. No Minimum Deposit: There's no minimum deposit requirement, allowing traders to start with the amount they are comfortable with.

4. Flexible Deposits & Withdrawals: Central Tanshi supports multiple currencies and offers options for both free click deposits and transfer deposits.

5. 24/7 Trading: Certain instruments are available for trading 365 days a year, 24 hours a day, providing flexibility for traders.

Cons:

1. Limited Currency Pairs: The offering is limited to 10 currency pairs, which may restrict diversification for some traders.

2. Customer Support Information: Details about customer support are not provided, leaving traders uncertain about available assistance.

3. Lack of Educational Resources: The absence of information regarding educational resources may leave beginner traders without valuable learning materials.

4. Fees for Withdrawals: Foreign currency withdrawals and certain deposit methods may incur fees, impacting overall costs for traders.

Market Instruments

Central Tanshi primarily focuses on Foreign Exchange Margin Trading Services. Through its online platform, it offers specific products such as “FX Direct Plus” for discretionary trading and “Central Mirror Trader” for automated trading. These offerings allow traders to diversify strategies and take advantage of market volatility.

Account Types

The information provided doesn't give specific details about different account types offered by Central Tanshi. However, given that they offer both discretionary and automated trading options, it is possible that they offer different account types to cater to various trading styles.

How to Open an Account？

To open an account with Central Tanshi, you can follow these 3 steps as outlined on their website at https://www.central-tanshifx.com/:

Step 1: Application

• Go to the Central Tanshi website and fill in your name and address in the application form.

• Review the documents you'll receive as part of your application.

• You'll get an email confirming your application.

Step 2: Submit Documents

• In the email, you'll find two options for submitting identity documents:

• Easy Verification with Smartphone: Open the link on your phone, follow the instructions, and take a photo of your ID.

• Upload Verification: Open the link on your PC or smartphone and upload your ID photos as instructed.

Step 3: Account Confirmation

• If you used the smartphone method, once Central Tanshi reviews your documents, they'll send you an email with your user ID and password. You can start trading the same day.

• If you chose the upload method, they'll send your user ID and password by registered mail to your address.

• Log in to your account and complete additional information, like your My Number.

Keep in mind that Central Tanshi may approve or decline your account based on their review.

Leverage

Central Tanshi offers a maximum leverage of 25 times. This allows traders to control larger positions with a smaller initial investment, potentially amplifying gains. However, higher leverage also increases the risk of significant losses. Clients should be aware that using leverage might increase the volatility of their portfolio, and they should have a comprehensive understanding of the risk associated with leveraged trading.

Spreads & Commissions

The company operates with variable spreads that depend on the time of day. During certain hours, spreads can be as low as 0.1 pips for USD/JPY and as high as 16.0 pips for GBP/JPY during other periods. This flexibility allows traders to strategize their trades based on market timing. However, it's crucial to note that wider spreads could eat into profits and make some strategies less viable. No information is available regarding commissions, so traders would need to inquire directly about any additional costs.

Trading Platform

Central Tanshi provides a versatile trading environment through four different versions of their trading platform: smartphone, PC, iPad, and feature phone. The PC version comes with three additional options, including fast chart Trade Plus and a network trading system. Such diversity in trading platforms ensures that traders can execute orders and manage their accounts from multiple devices, offering flexibility and convenience.

Deposit & Withdrawal

Central Tanshi supports multiple deposit currencies, including Japanese Yen, US Dollar, and more. Deposits can be made via click deposit (free of charge) or transfer deposit (fees borne by the customer). Withdrawals in Japanese Yen are free, but withdrawals in foreign currencies are partly charged. This offers flexibility in currency and funding methods but can incur some costs, especially for foreign clients.

Customer Support

Central Tanshi Co., Ltd. strictly limits its contact options to an online contact form and does not entertain inquiries via phone. It is important to note that Central Tanshi Co., Ltd. operates as a separate entity, and consequently, it does not accept inquiries regarding the company through any means other than the provided online contact form. This approach reflects the company's chosen communication method and should be adhered to for any queries or concerns related to their services or operations.

Educational Resources

Central Tanshi offers an extensive range of educational resources to empower traders. These resources encompass a comprehensive market view, informative columns, and educational videos and seminars to enhance traders' knowledge and skills. Access to the latest market information, exchange rates, and currency charts facilitates informed decision-making. Additionally, tools like the swap calendar, economic indicators, settlement date calendar, and FX holiday schedule provide valuable insights into market dynamics.

Furthermore, Central Tanshi equips traders with in-depth market analysis, historical price movements, correlation coefficients for currency pairs, monthly average growth and decline rates, Chicago IMM currency futures position trends, and the historical performance of major economic indicators, policy interest rates, and GDP figures. These educational tools empower traders with the knowledge and data necessary to make informed trading decisions.

Conclusion

In conclusion, Central Tanshi emerges as a regulated and accessible option for foreign exchange margin trading, offering multiple trading platforms, flexible deposit methods, and a 24/7 trading window for select instruments. However, its limited currency pair selection, lack of detailed customer support information, absence of educational resources, and potential fees for foreign currency withdrawals may impact the overall trading experience. As with any financial decision, prospective traders should carefully assess their individual requirements and preferences before choosing to open an account with Central Tanshi, ensuring it aligns with their specific trading needs and objectives.

FAQs

Q: What regulatory body oversees Central Tanshi？

A: Central Tanshi is regulated by the Financial Services Agency (FSA) of Japan, ensuring compliance with rigorous financial standards.

Q: What is the maximum leverage offered by Central Tanshi？

A: Central Tanshi provides a maximum leverage of 25 times, allowing traders to control larger positions with a smaller initial investment.

Q: Can I trade on Central Tanshi's platform 24/7？

A: Yes, Central Tanshi offers 24/7 trading availability for certain instruments, providing flexibility for traders across different time zones.

Q: Are there any fees for depositing funds into my Central Tanshi account？

A: Central Tanshi offers free click deposits; however, fees may apply for transfer deposits, depending on the chosen method.

Q: How many currency pairs can I trade on Central Tanshi？

A: Central Tanshi offers a total of 10 currency pairs, including both yen currency pairs and cross currency pairs.

Q: Does Central Tanshi provide educational resources for traders？

A: While Central Tanshi offers a wide range of market analysis tools, there is no mention of specific educational resources for traders.

Q: What support options are available if I have questions or issues with my account？

A: Central Tanshi primarily relies on an online contact form for inquiries and does not provide phone support, limiting the available communication channels for traders.