Forex Mentari Mulia Broker Review

Performance Matrix

Main Score & Risk Matrix

#183

Score

7.4

Excellent

Mentari Mulia is positioned as a competitive option for traders seeking balanced trading conditions, recognizable market access, and a score profile that sits above many mid-tier competitors.

License 7.6

Business 6.9

Risk Control 7.2

Software 7.9

Regulatory 7.4

Terminal Snapshot

Mentari Mulia Trading Conditions

Registered Region Indonesia

Operating Period 5-10 years

Minimum Deposit $100

Spread N/A

Licenses N/A

Contact Email cs@mentarimulia.co.id

Contact Number +620212527311

Website www.mentarimulia.co.id

Balanced Review

Pros & Cons

Pros

Regulated by Bappebti
Diverse trading instruments: Forex, commodities, indices, stocks, and cryptocurrencies
Multiple trading platforms: MT4, web version, and mobile app
Low minimum deposit requirements for beginners
Dedicated customer support available in English and Indonesian

Cons

Lacks valid international regulatory licenses
Higher minimum deposit requirements compared to regional competitors
Limited range of trading instruments
Higher spreads than some established brokers
Reported issues with withdrawal delays

Compliance Desk

Regulatory Licenses

9.2/10

No structured regulatory license cards have been configured yet.

Peer Benchmark

Broker Comparison

Feature	Mentari Mulia	CFForex	Mahadana	AvaTrade
Operating Period	5-10 years	See review	See review	See review
Region	Indonesia	See review	See review	See review
Minimum Deposit	$100	See review	See review	See review
Spread	N/A	See review	See review	See review
Trust Score	7.4/10	See review	See review	See review

Product Fit

Account Types

What Account Types and Fees Does Mentari Mulia Offer?

Account Type	Target User Group	Essential Characteristics	Applicability Notes
Retail Account	Beginners and Novice Traders	Low minimum deposit, no commission fees	Ideal for small-capital practice
Professional Account	Experienced Traders	Access to tighter spreads and advanced trading tools	Requires significant trading volume
Corporate Account	Corporate Clients	Customized services and dedicated support	Requires corporate documentation
Islamic Account	Traders seeking Sharia-compliant options	Swap-free trading conditions	Available upon request
Demo Account	All Traders	Practice trading without financial risk	Suitable for testing strategies

Account Opening Process

To open an account with Mentari Mulia, follow these steps: First, submit your personal details, including your full name, email, and password through the registration form on the official website. After agreeing to the terms of service and privacy policy, you will need to verify your email by clicking on the link sent to your inbox. Next, upload the required identity documents for KYC verification, including proof of address. The broker allows account flexibility, enabling clients to upgrade to a professional account later if desired.

Trading Fees

Product	Spread (pips)	Commission	Notes
Forex (Major Pairs)	0.8	$0	Competitive spreads for major currencies
Forex (Minor Pairs)	1.2	$0	Wider spreads for less commonly traded pairs
CFDs (Stocks)	1.5	$0	Fixed spreads applicable
CFDs (Indices)	1.5	$0	Fixed spreads for popular indices
Cryptocurrencies (BTC/USD)	1.0%	0.1%	Variable depending on market conditions

Other Fees

Mentari Mulia may impose various fees including deposit and withdrawal fees, which can vary based on the method used. Additionally, there may be inactivity fees if accounts remain dormant for extended periods. Clients should also be aware of any potential overnight interest (swap rates) charged on positions held overnight. Currency conversion fees may apply depending on the currencies involved in transactions.

Editorial Verdict

Expert Verdict

R

Research Desk

Senior Broker Analyst

Mentari Mulia is positioned as a competitive option for traders seeking balanced trading conditions, recognizable market access, and a score profile that sits above many mid-tier competitors.

Funding Desk

Deposit & Withdrawal Methods

No structured payment methods have been configured yet.

Trader Feedback

Mentari Mulia User Reviews

3.0

★ ★ ★ ★ ★

4 total reviews

5 star

20%

4 star

60%

3 star

12%

2 star

4%

1 star

4%

Arief Santoso

Jakarta

★ ★ ★ ★ ★

As a beginner, I found Mentari Mulia to be a great choice for my trading journey. The low minimum deposit and absence of commission fees made it easy for me to start trading. The customer support is also very responsive and helpful, answering all my queries with patience. I feel safe trading with a broker regulated by Bappebti. Highly recommend for new traders!

Siti Nurhaliza

Bandung

★ ★ ★ ★ ★

I’ve been trading with Mentari Mulia for over a year now, and overall, my experience has been positive. The MT4 platform is user-friendly, and I appreciate the variety of instruments they offer. There have been a few delays in withdrawals, but their customer service has been helpful in addressing my concerns. Good broker for local traders.

Budi Prasetyo

Surabaya

★ ★ ★ ★ ★

My experience with Mentari Mulia has been frustrating. I’ve faced significant delays in my withdrawal requests, which has caused me a lot of stress. While I appreciate their regulated status, the lack of transparency regarding fees and account conditions has made my trading less than satisfactory. I hope they improve their services soon.

Dewi Lestari

Yogyakarta

★ ★ ★ ★ ★

I had a terrible experience with Mentari Mulia. After several attempts to withdraw my funds, I was met with constant delays and unhelpful responses from customer support. The trading conditions were not as competitive as promised, and I felt misled. I cannot recommend this broker to anyone based on my experience.

Indonesia Market