General Information & Regulation
Mentari Mulia Berjangka presents itself as a futures brokerage company registered in Indonesia since 2013 that claims to provide its clients with various tradable financial instruments with floating spreads from 1.8 pips on the MT5 trading platform, as well as a choice of three different real account types. Here is the home page of this brokers official site:
As for regulation, it has been verified that Mentari Mulia Berjangka does not fall under any valid regulations. That is why its regulatory status on WikiFX is listed as “No License” and receives a relatively low score of 1.27/10. Please be aware of the risk.
Market Instruments
Mentari Mulia Berjangka advertises that it offers access to a wide range of trading instruments in financial markets, including forex, gold, stock index and stock CFD.
Account Types
Apart from demo accounts, Mentari Mulia Berjangka claims to offer three types of real trading accounts, namely Gold, Forex and Hang Seng Index. The minimum initial deposit amount for the Gold and Forex accounts is $200, while the Hang Seng Index account has a much higher minimum initial capital requirement of $2,000. In comparison, licensed brokers allow setting up a starter account with a minimum deposit of $100 or even less.
Spreads
Mentari Mulia Berjangka claims that the spread for gold is at least 4 pips, and the spread for forex is at least 1.8 pips. As for the index, that is 5 points.
Trading Platform Available
Platforms available for trading at Mentari Mulia Berjangka are MT5 for Desktop (Mac OS/Windows) and Mobile (iOS/Android). In any case, we recommend using MT4 or MT5 for your trading platform. Forex traders praise MetaTrader's stability and trustworthiness as the most popular forex trading platform. Expert Advisors, Algo trading, Complex indicators, and Strategy testers are some of the sophisticated trading tools available on this platform. There are currently 10,000+ trading apps available on the Metatrader marketplace that traders can use to improve their performance. By using the right mobile terminals, including iOS and Android devices, you can trade from anywhere and at any time through MT4 and MT5.
Deposit & Withdrawal
Mentari Mulia Berjangka says to work with Wire Transfer. The minimum initial deposit requirement is said to be $200. There are no deposit and withdrawal fees charged. Withdrawals received from 07:00 WIB to 11:00 WIB will be paid no later than D+1. Meanwhile, withdrawals received after 11:00 WIB will be paid no later than H+2.
Customer Support
Mentari Mulia Berjangkas customer support can be reached by WhatsApp: (+62) 821 7179 6668, telephone: (021) 5010 6888, Fax: (021) 5098 6118, email: cs@mentarimulia.co.id or live chat. You can also follow this broker on social networks such as Twitter, Facebook, Instagram, YouTube and LinkedIn. HEAD OFFICE: Graha Aktiva Lt. 6 Suite 601 Jl. HR. Rasuna Said Blok X-1 Kav. 03 Kuningan Timur, Setia Budi, Jakarta Selatan. BRANCH OFFICE: Unit 20F, Level 20, Prosperity Tower District 8, SCBD, RT.5/RW.3, Senayan, Kebayoran Baru South Jakarta City, Indonesia 12190
Risk Warning
Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.
