Menara Mas Futures

Menara Mas Futures, legally registered as PT. Menara Mas Futures, is an Indonesian entity that, according to our records, was established on 30 June 2022. The company is registered at Mangga 2 Square Complex, Blok G 5, Jakarta 14420, and maintains an official web presence at menaramas.co.id. It also has active social media profiles on Instagram and Twitter/X.

Despite its relatively recent founding, the firm holds two regulatory licences in Indonesia: one from BAPPEBTI (the Commodity Futures Trading Regulatory Agency) and one from JFX (the Jakarta Futures Exchange). The BAPPEBTI licence is designated as a Forex Trading License (EP) with the number 583/BAPPEBTI/SI/XII/2004, while the JFX licence is a Derivatives Trading License (AGN) with the number SPAB - 087/BBJ/09/04. These licences suggest an intended scope of activity in the derivatives and forex trading space.

Our records indicate that Menara Mas Futures is regulated by BAPPEBTI and JFX, both of which are recognised Indonesian regulatory bodies for commodity futures and derivatives trading. The BAPPEBTI licence, numbered 583/BAPPEBTI/SI/XII/2004, is a Forex Trading License, while the JFX licence, numbered SPAB - 087/BBJ/09/04, is a Derivatives Trading License. These are the only licences on file, and their status is listed as '—' in our records, meaning we do not have confirmation of their current validity.

It is important to note that the licence numbers provided are taken verbatim from our records. We have not independently verified these licences against the public registers, and given the low web confidence, we caution that the regulatory status may not be as straightforward as it appears. The presence of licences does not automatically guarantee compliance or solvency, and traders should exercise due diligence.

Based on the known facts, we have limited information about the specific products and services offered by Menara Mas Futures. The company's name and its licences suggest that it may be involved in futures and derivatives trading, potentially including forex, commodities, and other financial instruments. However, without access to the official website or reliable web sources, we cannot confirm the exact range of products, account types, trading platforms, or funding methods.

Given the lack of public information, we advise potential clients to approach with caution. The absence of detailed product information in our records is a significant gap, and we recommend that any interested party directly contact the company or consult official regulatory sources for clarification.

Our FXCanary Scam Risk Score for Menara Mas Futures is 85 out of 100, which we classify as 'Severe'. This high score is driven by two critical risk flags: the company is listed as a 'Fake Broker' in industry watchdog records, and it has been identified as a clone or impersonator firm. These flags are serious and indicate that the entity may not be operating legitimately, despite holding regulatory licences.

We also note that the company has zero employees on record, which is unusual for a licensed trading firm and raises further questions about its operational capacity. While the licences are on file, the combination of the 'Fake Broker' designation and the clone/impersonator flag strongly suggests that traders should avoid this entity until these issues are resolved.

In summary, Menara Mas Futures is an Indonesian company with regulatory licences from BAPPEBTI and JFX, but it carries a severe scam risk score due to being flagged as a fake broker and a clone/impersonator. The lack of independent web information and the zero-employee record add to the concerns.

We strongly advise traders to exercise extreme caution and to verify the legitimacy of this broker through official channels before engaging in any transactions. The high risk score and the nature of the flags indicate that this is not a safe choice for retail investors.