Score
Indonesia
|
5-10 years
| https://www.mentarimulia.co.id/
Website
Rating Index
MT4/5
White Label
Mentari-Demo
Influence
C
Influence index NO.1
Indonesia 2.84
MT4/5 Identification
White Label
IndonesiaInfluence
C
Influence index NO.1
Indonesia 2.84
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
mentarimulia.co.id Singapore
VIP is not activated.
| Mentari MuliaReview Summary | |
| Founded | 2018 |
| Registered Country/Region | Indonesia |
| Regulation | BAPPEBTI |
| Market Instruments | Forex, Stock Indices, Precious Metals |
| Demo Account | / |
| Leverage | / |
| Spread | From $0.3 |
| Trading Platform | MT4 |
| Min Deposit | / |
| Customer Support | Live chat |
| Tel: (021) 252 7311; (021) 252 7310 | |
| Email: cs@mentarimulia.co.id | |
| Social media: Facebook, Instagram, Twitter, Linkedin | |
| Head Office: Graha Aktiva 6th Floor Suite 601 & 7th Floor HR Rasuna Said Street Block X-1 Kav. 03 East Kuningan, Setia Budi, South Jakarta | |
Mentari Mulia was registered in 2018 in Indonesia, offering trading services related to forex, stock indices, and precious metals. It uses MT4 as its trading platform, and provides various channels for customer support. Besides, it is regulated well in Indonesia. However, it should be noted that it does not provide enough details about accounts and trading processes on its official website.
| Pros | Cons |
| Regulated by BAPPEBTI | Lack of transparency |
| Segregated accounts | Limited product choices |
| MT4 supported | |
| Live chat support |
Yes, Mentari Mulia is regulated by Badan Pengawas Perdagangan Berjangka Komoditi Kementerian Perdagangan (BAPPEBTI) in Indonesia.
| Regulated Authority | Current Status | Regulated Country | License Type | License No. |
| Badan Pengawas Perdagangan Berjangka Komoditi Kementerian Perdagangan (BAPPEBTI) | Regulated | Indonesia | Retail Forex License | 28/BAPPEBTI/SI/03/2013 |
Besides, it also applies certain methods to protect customers' assets, and the segregated accounts service is an example.
Mentari Mulia mainly focuses on 3 types of markets, including forex, stock indices, and precious metals.
| Tradable Instruments | Supported |
| Forex | ✔ |
| Stock Indices | ✔ |
| Precious Metals | ✔ |
| Commodities | ❌ |
| Cryptocurrencies | ❌ |
| Bonds | ❌ |
| Options | ❌ |
| ETFs | ❌ |
Mentari Mulia uses MT4 as its trading platform.
| Trading Platform | Supported | Available Devices | Suitable for |
| MT4 | ✔ | PC, web, mobile | Beginners |
| MT5 | ❌ | / | Experienced traders |
Asian currency markets remained stable on Tuesday's trade, helped by the US dollar's strengthening safe-haven status as the policy stalemate in Washington over the US debt ceiling continues.
As Mentari Mulia trading is regulated by BAPPEBTI and uses segregated accounts for customer funds, I feel more secure trading with them compared to unregulated brokers. The use of segregated accounts means my funds are kept separate from the broker’s operational funds, providing an extra layer of protection. However, I’d always be cautious and check how this regulation is enforced in practice.
Yes, Mentari Mulia broker offers a demo account, which is great for beginners like me who want to practice without risking real money. I can use the demo account to get a feel for the platform and test out new strategies before diving into live trading.
The spread for Mentari Mulia trading starts from 0.3 pips, which is quite tight for a forex broker, especially for traders like me who trade frequently. Tight spreads help to minimize the cost of each trade, which is always beneficial when I’m looking to optimize my trading strategy.
Mentari Mulia trading offers forex, stock indices, and precious metals, which is a decent range for many traders. However, for me, the lack of commodities, cryptocurrencies, and ETFs is a limitation, as I prefer to have a broader selection of instruments to diversify my trades.
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