Menara Mas Futures review – 5 things you should know about menarafx.co.id

Beware! Menara Mas Futures is an offshore broker! Your investment may be at risk.

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Don’t put all your eggs in one basket. Open trading accounts with at least two brokers.

Now here’s an example of how NOT to manage a website. Menara Mas Futures has one of the worst sites, and it was a big chore to go through it, not only because there was no way to change the default language, but also because most of the information is absolutely useless.

Menara Mas Futures states to be an Indonesia broker, but just by the looks of it we can tell you that it lies, or at least is not legitimized in Indonesia; it may very well be run by a bunch of computer expert in some basement, completely illegally that is.

The website states that the broker is regulated by the Commodities and Futures Trading Regulatory Agency (BAPPEBTI) the official regulator in Indonesia, but they way that Menara Mas Futures turned out is not at all a legitimate broker would eve behave; it would risk banishment and a license revocation. So, we have an Indonesian broker without a local license: the only logical explanation for this is that Menara Mas Futures target local Indonesian users.

The firm is definitely unregulated, but that’s just the begining. Things will get much worse form now on. Do not invest here.

Menara Mas Futures Trading software

There was no way to open an account, for the registration process led to an error page, which meant that there is no way to register and it’s the broker’s fault. It seems that Menara Mas Futures has already been abandoned by its creators, and this si not the first sign of this.

Moreover, the MT4 download link on the site presents a different name, meaning that if users were to open it they would be opening a software operated by a body different than Menara Mas Futures.

In other words, Menara Mas Futures does not seem to offer a trading platform.

Menara Mas Futures Trading instruments

Remember that there is no trading software, so what we are about to disclose does not apply, but is included only for the sake of the review. This applies for all trading and payment details.

The advertised assets for trading are forex currency pairs, gold, oil, and commodities.

Menara Mas Futures Spreads and cost of trading

The home page claims that the spread is as low as 0.2 pips, but we both know that this is too low not to be either highly commissioned or completely falsified. And again, there is no trading software on which to apply this spread, so the whole thing becomes obsolete. In other words, such a low spread is not to be taken seriously.

Menara Mas Futures Maximum leverage

There is no leverage value to talk about because Menara Mas Futures keeps silent. And let’s not forger that there is no software on which to apply a leverage. Usually, the higher the leverage the risker the endeavor but also the more profitable the win is. So pay attention to this dichotomy when choosing a leverage.

Menara Mas Futures Deposit and withdrawal methods

There was no payment information to be taken from the website, at all, and the fact that there was no user area leaves us empty handed here. And even if there was something to pay with, we would greatly recommend against doing so.

In the chart above we have revealed some of the most popular payment methods and their conditions, which are more or less applicable in 80% of all brokers.

Menara Mas Futures Minimum deposit

As mentioned, there was no way to get payment details at all, and that includes the minimum deposit requirement, if any. There is no minimum deposit at all. Modern broker take in consideration that the lower the minimum deposit requirement is, the better it is for broker; so with that said here’s a list of great minimum deposit brokers.

Menara Mas Futures Withdrawal requirements

The lack of payment details resonates to this section of the review as well. All we can tell you is based on speculation gather from reviewing previous scammer. Withdrawal fees are usually hidden with most scammer, even if they do not mention anything on the website, and we don’t see a reason why Menara Mas Futures would be any different. Many brokers require ridiculous requirements, like turnover taxes, admin fees, or other taxes that can go as high as 20% at times. Always be on the lookout for fees and commissions, and what ever you do do not invest in Menara Mas Futures.