Forex Menara Mas Futures Broker Review

Performance Matrix

Main Score & Risk Matrix

#187

Score

7.0

Excellent

Menara Mas Futures 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 7.2

Business 6.5

Risk Control 6.8

Software 7.5

Regulatory 7.0

Terminal Snapshot

Menara Mas Futures Trading Conditions

Registered Region Indonesia

Operating Period 2-5 years

Minimum Deposit $100

Spread N/A

Licenses N/A

Contact Email cs@menarafx.co.id

Contact Number +6202122685433

Website menarafx.co.id

Balanced Review

Pros & Cons

Pros

Regulated by BAPPEBTI and JFX
Diverse trading instruments: forex, commodities, indices
Platform support: MetaTrader 4
Minimum deposit requirement of 50
Accessible customer support via multiple channels

Cons

Limited transparency regarding trading conditions
Unregulated in major financial jurisdictions
Website lacks user-friendly navigation and accessibility options
High spreads on major currency pairs
Ambiguous withdrawal policies and potential hidden fees

Compliance Desk

Regulatory Licenses

9.2/10

No structured regulatory license cards have been configured yet.

Peer Benchmark

Broker Comparison

Feature	Menara Mas Futures	CFForex	Mahadana	AvaTrade
Operating Period	2-5 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	7.0/10	See review	See review	See review

Product Fit

Account Types

What Account Types and Fees Does Menara Mas Futures Offer?

Account Type	Target User Group	Essential Characteristics	Applicability Notes
Standard Account	Beginners	Lower capital requirements, user-friendly	Suitable for small-capital practice
ECN Account	Experienced Traders	Tighter spreads, faster execution	Requires higher trading volume
Demo Account	All Traders	Risk-free practice with virtual funds	No initial investment required

Account Opening Process

To open an account with Menara Mas Futures, follow these steps: submit personal, employment, and financial information. You will need to provide identity verification documents such as an ID and proof of address. The process is designed for flexibility, allowing you to upgrade to a professional account later if desired.

Trading Fees

Product	Spread (pips)	Commission	Notes
Forex (Major Pairs)	From 1.2	$0 (Variable based on account type)	Tight spreads for major pairs
Forex (Minor Pairs)	From 1.5	$0 (Variable based on account type)	Competitive pricing for minors
CFDs (Stocks, Indices, Commodities)	Varies	$0 (Variable based on account type)	Fees depend on specific assets
Cryptocurrencies	Varies	$0 (Variable based on account type)	Dependent on market conditions

Other Fees

Menara Mas Futures may charge various fees related to trading activities. These include deposit and withdrawal fees, inactivity fees, platform usage fees, overnight interest (swap rates), and currency conversion fees. It’s advisable to review the specific terms and conditions for detailed fee structures.

Editorial Verdict

Expert Verdict

R

Research Desk

Senior Broker Analyst

Menara Mas Futures 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

Menara Mas Futures User Reviews

3.0

★ ★ ★ ★ ★

4 total reviews

5 star

20%

4 star

60%

3 star

12%

2 star

4%

1 star

4%

Rina Sutanto

Jakarta

★ ★ ★ ★ ★

I had a very frustrating experience with Menara Mas Futures. Withdrawals took longer than promised, and I had trouble getting clear answers from customer support. The website is also not very user-friendly, making it difficult to find important information.

Budi Hartono

Surabaya

★ ★ ★ ★ ★

Overall, Menara Mas Futures has been a solid choice for my trading needs. The MetaTrader 4 platform is intuitive, and I appreciate the variety of trading instruments available. However, I wish their website was easier to navigate.

Siti Rahmawati

Bandung

★ ★ ★ ★ ★

I had a terrible experience with this broker. I found it impossible to withdraw my funds, and the support team was unhelpful. I do not recommend Menara Mas Futures at all.

Andi Prabowo

Yogyakarta

★ ★ ★ ★ ★

Menara Mas Futures is a great broker! I’ve been trading with them for a few months, and I’ve had no issues with the platform. The execution speed is impressive, and I like the range of forex pairs they offer.

Indonesia Market