ORBI TRADE BERJANGKA
PT. ORBI TRADE BERJANGKA34.3Regulated
IndonesiaEst. 2022BAPPEBTI
1:1001 Platform3 licences
Is Menara Mas Futures a scam?
Wikilix independent safety report
0%Scam riskScam risk is our overall estimate that this broker is unsafe, from 0% (safe) to 100% (almost certainly a scam). It blends the six risk areas below, weighted by how strong the evidence is. Higher means riskier.
High risk (unverified)Our overall call, based on the evidence we could verify. From safest to worst: Appears legitimate, Insufficient evidence, High risk (unverified), Likely scam, Confirmed scam. A separate "Not a broker" verdict is used when it does not really offer trading.Confidence: MEDIUMHow sure we are of this verdict, based on how much solid, checkable evidence we found. Shown as Low, Medium or High.
3.5/5Safety rating 3.5 out of 5
The Wikilix safety rating, from 1 to 5 stars. It mirrors the scam risk (5 = safest, 1 = riskiest), so a higher risk percentage means fewer stars.No. Menara Mas Futures is not a scam on the evidence we found: PT Menara Mas Futures is a genuinely licensed Indonesian futures broker, and we confirmed its licence on the regulator's own public regi…
Risk scorecard · each area scored 0 (clean) to 10 (worst)
Regulation4/10 · ModerateIs it overseen by a strict, well-known financial regulator? Offshore-only or missing licences score higher.Scored 0 (clean) to 10 (worst). This area is 4/10 (Moderate).Identity & transparency4/10 · ModerateHow openly it shows who and where it is (legal entity, address, owners). Hidden details score higher.Scored 0 (clean) to 10 (worst). This area is 4/10 (Moderate).Withdrawals & conduct4/10 · ModerateCredible reports of clients being unable to withdraw their money. More such reports score higher.Scored 0 (clean) to 10 (worst). This area is 4/10 (Moderate).Reputation5/10 · ModerateWhat independent reviews, regulators and watchdogs say about it. A poor track record scores higher.Scored 0 (clean) to 10 (worst). This area is 5/10 (Moderate).Website claims5/10 · ModerateWhether the site claims (awards, years active, licences) actually check out. False claims score higher.Scored 0 (clean) to 10 (worst). This area is 5/10 (Moderate).Operational history3/10 · LowHow long and how consistently it has genuinely operated. Brand-new or murky history scores higher.Scored 0 (clean) to 10 (worst). This area is 3/10 (Low).
Broker Summary
Summary of the broker
This profile covers an operation that traded under the Menara Mas Futures name from the domain menaramas.co.id, presented as an Indonesian futures and forex brokerage. It is not the same operator as the long-established Indonesian futures broker of that name, which does business from a different domain and holds a domestic futures brokerage licence. The name overlap is the central fact about this entry.
Regulation. WIKILIX found no licence held by this operator. No regulator, licence number, licence certificate or supervisory claim could be attributed to it, and no company that could be checked against a corporate registry is disclosed anywhere. There is therefore no client-money protection, no segregated-funds requirement and no complaints route behind money sent to it.
Website. The domain associated with this operation no longer resolves anywhere, so no account terms, trading conditions, account tiers, platform list, funding channels, support details or country restrictions are published. Nothing about spreads, leverage, minimum deposit or withdrawal handling can be stated, because the operator publishes nothing at all.
Who it suits. Nobody. An unlicensed operation trading on a licensed firm's brand, with a dead website and no identifiable company behind it, offers a retail client no recoverable position if funds are not returned. Anyone who intended to deal with the licensed Indonesian broker of this name should confirm the exact domain and licence details with that firm directly before sending money or documents.
Caveats. This profile is deliberately thin because the operator publishes nothing. Absence of detail here is not a neutral gap: it is the finding.
Regulatory Licenses
Compliance & oversight
2 licenses
JFXTier 3
Jakarta Futures ExchangeIndonesiaTier 3Exchange membership, not a licence in its own right. It lets the firm transact on the Jakarta Futures Exchange. This is the membership the exchange froze in June 2016 over fictitious cash in the company's accounts. Client protection: Limited. Exchange membership governs market access and conduct on the exchange. It is not a substitute for the regulator's licence and does not itself protect client deposits.. Effective: 2004.
Offshore
JFXTier 3Tier 3
Jakarta Futures Exchange
Indonesia
Exchange membership, not a licence in its own right. It lets the firm transact on the Jakarta Futures Exchange. This is the membership the exchange froze in June 2016 over fictitious cash in the company's accounts. Client protection: Limited. Exchange membership governs market access and conduct on the exchange. It is not a substitute for the regulator's licence and does not itself protect client deposits.. Effective: 2004.
Offshore
License Details
Type:N/A
License #:SPAB 087/BBJ/09/04
Status:Offshore
Validity
Effective:Jan 1, 2004
Expires:N/A
Verified on registerLegally valid, but suspended in 2016 and current standing not confirmed on the exchange's own member list
What our check found
Exchange membership, not a licence in its own right. It lets the firm transact on the Jakarta Futures Exchange. This is the membership the exchange froze in June 2016 over fictitious cash in the company's accounts. Client protection: Limited. Exchange membership governs market access and conduct on the exchange. It is not a substitute for the regulator's licence and does not itself protect client deposits.. Effective: 2004.
Last checked Aug 26, 2026
BAPPEBTITier 3
Badan Pengawas Perdagangan Berjangka Komodit IndonesiaTier 3The alternative trading system permit that specifically authorises the over-the-counter forex and index business the firm markets. It is recorded on the regulator's register alongside the main licence. Client protection: Moderate. This is the permit that brings the firm's forex offering inside Indonesian regulation rather than leaving it unsupervised.. Effective: Mar 2022.
Offshore
BAPPEBTITier 3Tier 3
Badan Pengawas Perdagangan Berjangka Komodit
Indonesia
The alternative trading system permit that specifically authorises the over-the-counter forex and index business the firm markets. It is recorded on the regulator's register alongside the main licence. Client protection: Moderate. This is the permit that brings the firm's forex offering inside Indonesian regulation rather than leaving it unsupervised.. Effective: Mar 2022.
Offshore
License Details
Type:N/A
License #:02/BAPPEBTI/SPA/03/2022
Status:Offshore
Validity
Effective:Mar 1, 2022
Expires:N/A
Verified on registerActive
What our check found
The alternative trading system permit that specifically authorises the over-the-counter forex and index business the firm markets. It is recorded on the regulator's register alongside the main licence. Client protection: Moderate. This is the permit that brings the firm's forex offering inside Indonesian regulation rather than leaving it unsupervised.. Effective: Mar 2022.
Last checked Aug 26, 2026
0
Tier 1
1
Countries
2
Offshore
Account Types
Trading account options
No Account Types
Account type information is not available for this broker yet.
Funding Methods
Deposit & withdrawal options
No Funding Methods
Funding method information is not available for this broker yet.
Social Presence
Digital community engagement
3 platform
Company Registration
Legal entity checked against the official company registry
Legal entity
PT Menara Mas Futures
Jurisdiction
Indonesia
Registry
BAPPEBTI futures broker register (Indonesia's corporate registry is not publicly searchable, so the entity name and address are taken from the regulator's own record)
Registered address
Kompleks Mangga 2 Square Blok G No. 5, Jl. Gunung Sahari No. 1, Ancol, Pademangan, Jakarta Utara, DKI Jakarta 14420, Indonesia
From our latest investigation · Verified Aug 26, 2026
View on official registry
Comments
Share your thoughts and experiences with Menara Mas Futures