Menara Mas Futures

Menara Mas Futures is a brokerage firm registered in Indonesia, established on December 30, 2022. The company operates under the domain menarafx.co.id and maintains a physical address at Kompleks, Mangga Dua Square Blok G No. 5, Jl. Gn. Sahari No.1, RT.12/RW.6, Ancol, Pademangan, Jakarta 14420. Despite a company description referring to a founding in 2004, our verified records indicate a registration date of late 2022.

The broker targets Indonesian retail traders, offering access to forex, commodities (including gold, silver, crude oil), and stock indices. It provides the MetaTrader 4 (MT4) platform, available on desktop, web, and mobile devices, catering to traders who prefer a widely used and customizable trading interface.

Menara Mas Futures holds regulation from two Indonesian authorities: BAPPEBTI (the Commodity Futures Trading Regulatory Agency) and JFX (Jakarta Futures Exchange). Its BAPPEBTI license is a Forex Trading License (EP) with a 'Regulated' status, while the JFX license is a Derivatives Trading License (AGN), also 'Regulated'. Both licenses are specific to Indonesia, meaning the broker is authorized to operate within the Indonesian futures market.

Traders should note that regulation by BAPPEBTI and JFX does not equate to oversight by major international regulators like the FCA or ASIC. However, for clients within Indonesia, these licenses provide a local layer of legal and supervisory protection. The absence of a license from a more globally recognized authority may be a consideration for international traders.

According to our records, Menara Mas Futures offers leverage up to 1:100, which is a moderate level compared to some offshore brokers that offer higher leverage. This suggests a relatively conservative risk approach, which may be suitable for traders who prefer lower leverage to manage risk. The broker provides both demo and live trading accounts, allowing new clients to test the platform and strategies before committing real funds.

Specific details on spreads, commissions, and minimum deposit requirements are not publicly available from independent sources. We advise potential clients to contact the broker directly or review any available account documentation to obtain precise trading costs and conditions.

The broker exclusively offers the MetaTrader 4 platform, a long-standing industry standard known for its reliability, advanced charting tools, algorithmic trading capabilities via Expert Advisors (EAs), and support for multiple order types. MT4 is available on Windows, Mac, iOS, and Android, ensuring broad device compatibility.

Trading instruments include major forex pairs, commodities such as gold, silver, and crude oil, and stock indices. The product range is typical for a mid-sized Indonesian broker, focusing on popular markets rather than offering a vast array of exotic assets.

Menara Mas Futures appears to target Indonesian residents, given its local regulation, physical address in Jakarta, and Indonesian-language social media presence on Instagram. The broker's website domain (.co.id) further confirms its focus on the domestic market.

International clients may face restrictions or additional verification requirements. Traders outside Indonesia should confirm whether the broker accepts their residency before opening an account.