Brokers  /  MENTARI MULIA

MENTARI MULIA

Moderate riskForex / CFD broker
Indonesia · 5-10 years · since 2019-08-01 · PT Mentari Mulia Berjangka
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Independent ratingshow third parties score this broker
WikiFX7.41/10
Trustpilot/5
Forex Peace Army/5
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No sign that MENTARI MULIA actively operates in your country (United States). If you were solicited from here, be extra cautious — it may be an unregulated approach or a clone.
25
Moderate risk
Scam Risk Scoremonitored · 2026-07-28
Lower riskHigher risk
  • Limited public information available
How this score is calculated — view the open algorithm

A transparent weighted score from objective public data — each factor scored 0–100 (higher = riskier), combined by the weights below.

FactorScoreWeight
Regulation & licensing3835%
Company age2215%
Clone / impersonation012%
Withdrawal & exposure complaints012%
Offshore registration458%
Transparency (site/info/social)2510%

Based on public regulatory records, industry databases and independent reviews (Trustpilot, Forex Peace Army). Exit Risk reflects recent negative momentum in real reviews. A risk estimate from public data, not a definitive legal judgment; brokers may request a correction.

Company
Legal namePT Mentari Mulia Berjangka
Headquarters Indonesia
Founded2019-08-01
Years operating5-10 years
Employees0
Official websitemembers.mentarionline.com
Trading conditions
Avg execution speed0 ms
Avg slippage0
Swap rating
Trading cost rating
Monitored traders0
Monitored orders0
Funding & instruments
Deposit methods
Withdrawal methods
Instruments
Registered address
Graha Aktiva Lt. 6 Suite 601 & Lt. 7 Jl. HR. Rasuna Said Blok X-1 Kav. 03 Kuningan Timur, Setia Budi, Jakarta Selatan

Regulation & licenses · 3

RegulatorLicense typeLicense No.RegionStatus
BAPPEBTIForex Trading License (EP)28/BAPPEBTI/SI/03/2013IndonesiaRegulated
JFXDerivatives Trading License (AGN)SPAB/163/JFX/02/2013IndonesiaRegulated
ICDXDerivatives Trading License (EP)297/SPKB/ICDX/DIR/VIII/2024IndonesiaRegulated

Review analysis AI

MENTARI MULIA is a regulated Indonesian broker with licences from BAPPEBTI, JFX, and ICDX, which provides a degree of safety for domestic clients. However, the broker’s website lacks essential information about trading conditions, account types, and fees, which raises concerns about transparency. The FXCanary Scam Risk Score of 25/100 (Guarded) reflects these transparency gaps despite the valid regulatory status.

Best for
  • Indonesian traders seeking a locally regulated broker
  • Traders who prioritise BAPPEBTI oversight
  • Investors interested in trading forex, indices, and precious metals through MT4
Not for
  • Traders requiring full transparency on account types and costs
  • International traders outside Indonesia
  • Traders seeking high leverage or exotic instruments
Period:
What users praise
Where reviewers are from
Indonesia1
Cyprus1
United States1

Real user reviews

Where MENTARI MULIA operates

Active across 1 markets (by market presence). Licensing rarely covers all of them — where it isn’t locally licensed, you’re onboarded under an offshore entity with weaker protection.

🇮🇩 Indonesia Licensed

Market presence: WikiFX SkyEye · complaints: our records · licensing: official registers. Where you’re accepted is set by the broker’s own terms — always confirm before depositing.

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About MENTARI MULIA

Company Profile

MENTARI MULIA is an Indonesia-based brokerage that began operations in August 2019. The company is registered at Graha Aktiva Lt. 6 Suite 601 & Lt. 7, Jl. HR. Rasuna Said Blok X-1 Kav. 03, Kuningan Timur, Setia Budi, Jakarta Selatan. It maintains a presence on Facebook, Instagram, and LinkedIn.

According to its registration records, Mentari Mulia offers trading services in forex, stock indices, and precious metals. The broker provides the MetaTrader 4 (MT4) platform for trading and supports customer service through various channels. However, the official website lacks detailed information about account types and specific trading conditions.

Regulation and Licensing

MENTARI MULIA holds regulatory licences from three Indonesian authorities: BAPPEBTI (Forex Trading License, EP), Jakarta Futures Exchange (JFX) (Derivatives Trading License, AGN), and Indonesia Commodity and Derivatives Exchange (ICDX) (Derivatives Trading License, EP). All three licences are listed as regulated.

Being regulated by BAPPEBTI means the broker is subject to oversight by Indonesia’s Commodity Futures Trading Regulatory Agency, which enforces compliance standards for futures and forex brokers operating in the country. Membership in JFX and ICDX further ties the broker to established exchange frameworks.

Trading Instruments and Platform

Mentari Mulia provides access to forex trading, stock indices, and precious metals such as gold and silver. The broker states that it uses MetaTrader 4 (MT4) as its primary trading platform.

MT4 is a widely used platform known for its charting tools, automated trading capabilities via Expert Advisors (EAs), and custom indicators. However, the broker does not disclose which specific currency pairs, index products, or metal contracts are available.

Account Types and Trading Conditions

MENTARI MULIA does not publish detailed information about its account types on its official website. There is no public data on minimum deposit requirements, spreads, commissions, leverage options, or execution models.

This lack of transparency makes it difficult for potential traders to compare the broker's offerings with other regulated Indonesian brokers. Traders interested in the broker would need to contact customer support directly to obtain account-specific details.

Target Audience

Given its local regulation and focus on Indonesian clients, MENTARI MULIA appears to target retail traders within Indonesia. The broker’s registration with BAPPEBTI and membership in Indonesian exchanges suggests it is designed to serve the domestic market.

Traders outside Indonesia should note that the broker’s regulatory coverage is limited to Indonesia, and it may not accept international clients or provide services compliant with other jurisdictions.

Overview compiled by FXCanary from regulatory records and public data. full MENTARI MULIA review