Menara Mas Futures Review – Is menarafx.co.id a Legit Broker To Trade With?

Is Menara Mas Futures a Scam Broker?

Menara Mas Futures has one the worst websites. It was difficult to navigate it because it had no option to change the default language and because the majority of the information was completely useless.

Menara Mas Futures claims to be an Indonesia broker. But, based on the appearance of it, we can tell that it lies or isn’t authorized in Indonesia. It may be run by computer experts in a basement.

Although the website claims that the broker is regulated under the Commodities and Futures Trading Regulatory Agency in Indonesia (BAPPEBTI), this is not true. Menara Mas Futures’ behavior is unacceptable and could lead to license revocation and banishment. We now have an Indonesian broker with no local license. The only reason for this is Menara Mas Futures targeting local Indonesian customers.

Although the firm is unregulated, that’s only the beginning. Things are only going to get worse. Don’t invest in this area.

Every day new scam brokers and trading bots appear on the web with only one goal – to steal your money. We have already exposed some of them, for example – Bolton Associates, Monaxa, Empire Swiss

Trading assets of Menara Mas futures

There is no useful information on the broker’s website. Information about the trading platform or other software is not mentioned anywhere.

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

Menara Mas Futures Spreads, and Cost of Trading

Although the home page claims that spreads are as low as 0.2 pips we know this is not true. The spread cannot be applied to trading software, so it becomes obsolete. This means that such a low spread should not be taken seriously.

Menara Mas Futures: Maximum Leverage, Deposit and Withdrawal

Menara Mas Futures is silent about the leverage value. Let’s not forget that there is no software to leverage. The higher the leverage, the greater the chance of success. This is why you should pay attention when choosing a leverage.

The website did not have any payment information. We were also left empty handed by the absence of a user area. Even if there were something to pay, we strongly recommend against it.

As stated, it was impossible to obtain payment details. This includes minimum deposit requirements. There is no minimum deposit. Modern brokers understand that the lower the minimum deposit requirement, the better it for them.

Choose only trustworthy and reliable brokers. You can read about the best ones in our article Best online brokers in 2023.

Menara Mas Futures: Video

You can also write a comment under the video on our YouTube channel to tell other traders about your experience. But if you’ve already been a victim, contact us for a free consultation by filling out the form at the top of the page.
Below you will find a short video about Menara Mas Futures. Watch it so you don’t miss anything important. In a few minutes you’ll learn the whole truth about Menara Mas Futures!