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MIFX
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MIFX

2003-01-01
1
0
Rating Index
Software
0
Licensed
0
Risk Control
0
Experience
0
Institution
0
Industry Classification
D
Unqualified
Trading Platforms
MT4 / MT5

Basic Information

  • Registered Region
  • Operation Status
    Normal
  • Operating Period
    2003-01-01
  • Deposit Methods
    Bank Transfer, Credit Card, E-wallet
  • Website
  • Market Type
    Foreign exchange
  • Support Languges
    Indonesian
    English
  • Main Business
    FX, commodities, indices, CFDs
  • Business Type
    Multi-asset broker
  • Social Media
  • Contact Details
  • Type of Accounts
    Standard, Micro, Swap-free, ECN
  • Trading Platforms
    MT4 / MT5
  • Withdraw Methods
    Not disclosed
  • Auto Trading
    EA supported

Pros and Cons

**Pros:** Regulated by BAPPEBTI, good range of trading instruments, excellent educational resources, mobile trading app available, and robust customer support. **Cons:** Limited to Indonesia for regulation, potential withdrawal fees, and fewer traditional assets compared to competitors.

Company Background

MIFX, founded in 2003, operates under PT Monex Investindo Futures, headquartered in Jakarta, Indonesia. The company has established itself as a significant player in the Indonesian forex market, supported by its regulatory licenses. MIFX aims to provide accessible trading solutions and education for both novice and experienced traders.

Fund Security

Client funds are protected through segregated accounts and regulatory oversight by BAPPEBTI. MIFX participates in compensation schemes, ensuring that client funds are safeguarded. The company maintains robust risk management practices to enhance the security of client investments.

Account Opening

MIFX offers several account types, including Standard, Micro, and Swap-free. The minimum deposit varies by account type, and the onboarding process is streamlined for user convenience. Verification typically requires standard documentation, providing a clear and efficient path to trading.

Trading Fees

MIFX features a competitive fee structure with spreads starting from 1.0 pips depending on the account type and trading conditions. Commissions vary by instrument, and inactivity fees may apply. Deposit and withdrawal fees are generally low, enhancing overall trading cost efficiency.

Trading Instruments

Traders can access a variety of instruments, including major and minor forex pairs, commodities (gold, oil), indices (S&P 500, NASDAQ), and CFDs. The selection of over 90 currency pairs, various commodities, and CFDs provides opportunities for diverse trading strategies across markets.

Trading Technology

MIFX utilizes advanced trading platforms including MT4 and MT5, known for their speed and reliability. The platforms offer various order types, superior charting tools, and mobile compatibility. The integration of trading APIs further supports algorithmic trading, appealing to tech-savvy traders.

Research and Education

MIFX offers an array of educational resources including webinars, tutorials, and articles. The MIFX Academy provides structured learning paths for traders at different experience levels, focusing on practical trading skills and market analysis. Regular updates on market news support informed trading decisions.

Customer Support

Customer support is available 24/5 via phone, email, and live chat, catering to clients' needs promptly. Support staff are trained to address a wide range of queries and provide assistance in both Indonesian and English, enhancing the customer service experience.
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MIFX
MIFX
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  • Software

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