Score
Indonesia
|
2-5 years
| https://menarafx.co.id/
Website
Rating Index
MT4/5
White Label
PTMenaraMasFutures-Real
Influence
D
Influence index NO.1
Indonesia 2.72
MT4/5 Identification
White Label
SingaporeInfluence
D
Influence index NO.1
Indonesia 2.72
Licenses
Single Core
1G
40G
1M*ADSL
Indonesia
Formal full license MT4/5 traders will have sound system services and follow-up technical support. Generally, their business and technology are relatively mature and their risk control capabilities are strong
menarafx.co.id Singapore
VIP is not activated.
| Menara Mas Futures Review Summary | |
| Founded | 2004 |
| Registered Country/Region | Indonesia |
| Regulation | BAPPEBTI and JFX |
| Market Instruments | Forex, Commodities, Stock Indices, Metals |
| Demo Account | ✅ |
| Leverage | Up to 1:100 |
| Spread | / |
| Trading Platform | MT4 |
| Customer Support | Tel: 021-22685433, 021-62313113 |
| Email: cs@menarafx.co.id | |
Menara Mas Futures, established in 2004 in Indonesia, is a brokerage firm regulated by BAPPEBTI and JFX. They offer trading in forex, commodities (including gold, silver, crude oil), and stock Indices with leverage up to 1:100, accessible via the MT4 platform on various devices, and provide both demo and live trading accounts.
| Pros | Cons |
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Menara Mas Futures has a Retail Forex License regulated by BAPPEBTI and the Jakarta Futures Exchange (JFX) in Indonesia.
Menara Mas Futures offers trading in Forex (over 20 pairs), Metals (Gold and Silver), Oil, and Stock Indices, including Asian, European, and American indices. Their commodity trading is executed on the Jakarta Futures Exchange (JFX).
| Tradable Instruments | Supported |
| Forex | ✔ |
| Metals | ✔ |
| Commodites | ✔ |
| Stock Indices | ✔ |
| Cryptocurrencies | ❌ |
| Bonds | ❌ |
| Options | ❌ |
| ETFs | ❌ |
Menara Mas Futures provides both demo accounts for risk-free practice with virtual funds and live trading accounts for real capital investment.
Menara Mas Futures offers a leverage ratio of 1:100 for transaction optimization. It is important to keep in mind that the greater the leverage, the greater the risk of losing your deposited capital. The use of leverage can both work in your favour and against you.
| Trading Platform | Supported | Available Devices | Suitable for |
| MT4 | ✔ | Desktop/Windows, Android, and IOS | Beginners |
| MT5 | ❌ | / | Experienced traders |
They offer forex (20+ pairs), metals like gold and silver, crude oil, and major stock indices from Asia, Europe, and the US. For me, this variety is perfect because I can diversify my positions — for example, trading gold when forex is slow or taking positions in US indices during their market hours.
The maximum leverage is 1:100. Personally, I think this is a reasonable cap — high enough to allow position flexibility but not so high that it encourages reckless over-leveraging. I always remind myself that leverage is a double-edged sword — it can amplify gains and losses.
Yes, Menara Mas Futures is regulated by both BAPPEBTI and the Jakarta Futures Exchange (JFX) in Indonesia. When I was doing my own Menara Mas Futures review, this was one of the first things I checked because regulation is the foundation of trading safety. Knowing they are licensed means my funds are subject to local regulatory oversight, and disputes have a legal channel. That said, I still never assume regulation removes all risks — I always monitor my account activity closely.
In my opinion, Menara Mas Futures is legit because it holds retail forex licenses from BAPPEBTI and JFX, which are official Indonesian authorities. This adds a layer of trust for me compared to unregulated brokers. However, in trading, safety is also about my own behavior — I control my leverage, limit my exposure, and test withdrawal speed before committing a large balance. So yes, they’re legit, but I still practice my own due diligence.
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