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MIFX

Regulated
Indonesia
,
Since 2000
Last Updated:
29/100
Overall Score

Trading Conditions

Min Deposit:
IDR500000
Max Leverage:
100
Account Types
BasicStandardPro

User Reviews

Total Reviews
This Month
Avg Rating

Funding Methods

5 methods

Bank Transfer/Wire (SWIFT)

wire transfer
1 days
Fee:
Free
Fee:
Free

E-wallets (GoPay, OVO, LinkAja)

e wallet
Instant
Fee:
Free
Fee:
Free

Credit/Debit Cards

credit card
Instant
Fee:
Free
Fee:
Free

Virtual Accounts

bank transfer
1 days
Fee:
Free
Fee:
Free

QRIS

e wallet
Instant
Fee:
Free
Fee:
Free

Performance Metrics

Excellent Performance
Performance chart: 1: Regulation 7%, 2: License 34%, 3: Software 51%, 4: Spread 0%, 5: Account Type 24%, 6: Symbol 0%
Regulation
7%Poor
License
34%Poor
Software
51%Fair
Spread
0%Poor
Account Type
24%Poor
Symbol
0%Poor

Company Information

Full Name:MIFX
Founded:2000
Headquarters:Indonesia
Enterprise Offices:N/A

Customer Support

Phone:
+62 021-50996650
Live Chat:
business_hours
Response Time:
Languages:
Indonesian
Scroll Down

Broker Summary

Summary of the broker

MIFX Broker Review: Indonesia’s Leading Forex and Commodities Platform

Introduction

MIFX, the trading brand of PT Monex Investindo Futures, is Indonesia’s largest and most trusted broker in forex and commodities trading. With over 25 years of experience, MIFX offers a secure, regulated, and client-focused trading environment suitable for both beginners and experienced traders. Their platform supports forex, gold, silver, commodities, and indices trading, making it a comprehensive solution for diverse trading needs.


Background and History

Established in 2000, PT Monex Investindo Futures operates under the MIFX brand and commands over 30% of Indonesia’s forex market share. Headquartered in Jakarta at the Sahid Sudirman Center, MIFX has built a reputation for regulatory compliance, reliability, and robust trading services.


Key Features and Offerings

Trading Instruments

  • Forex pairs

  • Precious metals: gold and silver

  • Commodities

  • Indices

Account Types and Rewards

  • Live Accounts: Standard and Ultra Low

  • Demo Accounts: Lifetime access for practice and strategy testing

  • Rewards Program: Earn points from trading activity redeemable for vouchers, travel, gadgets, and more

Client Security and Education

  • Funds held in segregated accounts (Bank Niaga)

  • Comprehensive educational resources and training materials for traders

Regulatory Compliance and Licensing

Regulator / Organization

License / Certification

Status

BAPPEBTI (Indonesia Commodity Futures Trading Regulatory Agency)

Official Regulation

Active

Bank Indonesia (BI)

Supervision of Financial Derivatives

Active

Financial Services Authority (OJK)

Supervision of Financial Derivatives

Active

ISO 27001

Information Security Management Certification

Certified

Exchanges & Clearing Houses

BBJ, BKDI, KBI, Indonesia Clearing House Memberships

Active

MIFX is regulated by BAPPEBTI, supervised by Bank Indonesia and OJK, and holds ISO 27001 certification, ensuring strong compliance and data security.


Trading Conditions and Platform Technology

Feature

Description

Trading Hours

24-hour global forex market (Sunday Australia open to Friday New York close)

Execution Speed

Fast execution with various trading tools

Platform Access

Proprietary platform with desktop and mobile apps

Verification

Video verification for live accounts

Support

Live chat, client area for deposits and trading

Demo Account

Free with lifetime access

MIFX provides a proprietary trading platform compatible with desktop and mobile devices. While specific spreads, leverage, minimum deposits, and commissions are not publicly detailed, the platform offers advanced charting, educational resources, and seamless account management.


Fee Structure

Fee Type

Details

Deposit Fees

Limited information available

Withdrawal Fees

Limited information available

Commission

Not publicly disclosed

Inactivity Fees

Not specified

MIFX emphasizes client fund security via segregated accounts but does not disclose detailed fee information. Traders should consult the official website or customer support for exact costs.


User Experience and Market Reputation

MIFX is highly regarded among Indonesian traders for its regulatory compliance, secure trading environment, and robust educational support. Its rewards program and mobile trading platform enhance user engagement, while over 30% market share highlights widespread trust and adoption.


Recent Developments

MIFX continues to focus on maintaining platform security, regulatory compliance, and client satisfaction. No major changes have been reported in 2024–2025.


Conclusion

MIFX is a leading broker in Indonesia’s forex and commodities trading sector, offering a secure, regulated, and versatile trading environment. Backed by BAPPEBTI regulation, ISO certification, and over 25 years of experience, it provides traders with confidence in safety, transparency, and reliability.

While specific trading conditions and fees are not publicly detailed, MIFX’s comprehensive platform, rewards program, and educational resources make it an attractive choice for both beginner and experienced traders seeking a trusted local broker.

Regulatory Licenses

Compliance & oversight

3 licenses
Indonesia
JFXTier 3
Indonesia#SPAB-044/BBJ/03/02
License Details
Type:Retail Forex License
License #:SPAB-044/BBJ/03/02
Status:Regulated
Validity
Effective:N/A
Expires:N/A
Indonesia
BAPPEBTITier 3
Indonesia#178/BAPPEBTI/SI/I/2003
License Details
Type:Retail Forex License
License #:178/BAPPEBTI/SI/I/2003
Status:Regulated
Validity
Effective:N/A
Expires:N/A
Indonesia
ICDXTier 3
Indonesia#010/SPKB/ICDX/Dir/III/2010
License Details
Type:Retail Forex License
License #:010/SPKB/ICDX/Dir/III/2010
Status:Regulated
Validity
Effective:N/A
Expires:N/A
0
Tier 1
1
Countries
0
Offshore

Account Types

Trading account options

3 types
Basic
Standard
Min Deposit IDR 500,000 • Leverage 1:100 • Commission $10
Min DepositIDR 500,000
Leverage1:100
Commission$10
Standard
Standard
Min Deposit USD 500,000 • Leverage 1:100 • Commission $1
Min DepositUSD 500,000
Leverage1:100
Commission$1
Pro
VIP
Min Deposit USD 100,000,000 • Leverage 1:100 • Commission $5
Min DepositUSD 100,000,000
Leverage1:100
Commission$5
3
Total Types
2
Categories
ECN Available

Funding Methods

Deposit & withdrawal options

5 methods
Bank Transfer/Wire (SWIFT)
Wire Transfer1 min
Deposit
Fee:Free
Min:IDR 500,000
Max:N/A
Withdrawal
Fee:Free
Min:N/A
Max:N/A
Bank fees may apply; USD withdrawals incur fees; processing 1-2 business days or 1 day reported; primary and reliable method.
E-wallets (GoPay, OVO, LinkAja)
E-WalletInstant
Deposit
Fee:Free
Min:IDR 500,000
Max:N/A
Withdrawal
Fee:Free
Min:N/A
Max:N/A
Small admin fees apply; fast execution noted; supports IDR and USD.
Credit/Debit Cards
Credit CardInstant
Deposit
Fee:Free
Min:IDR 500,000
Max:N/A
Withdrawal
Fee:Free
Min:N/A
Max:N/A
Fees and availability vary by region; less detailed info on withdrawals.
Virtual Accounts
Bank Transfer1 min
Deposit
Fee:Free
Min:IDR 500,000
Max:N/A
Withdrawal
Fee:Free
Min:N/A
Max:N/A
Local Indonesian method; withdrawals same-day; fees free for deposits.
5
Free Deposit
5
Instant
0
Crypto

Trading Platforms

Professional trading tools

2 Available
Meta Trader 5

Meta Trader 5

by MetaQuotes Software Corp • 2010

Windows
Mac
Linux
Web
+3
Rating
4.5
Status
Available
Type
Integrated
Platforms
+
Trading Software
Visit
MetaTrader 4

MetaTrader 4

by MetaQuotes Software Corp. • 2005

Windows
Mac
Web
Android
+1
Rating
4.5
Status
Available
Type
Integrated
Platforms
Trading Software
Visit

Live Spreads & Trading Costs

Compare real-time spreads on major currency pairs

Spreads are the core trading cost with MIFX: the difference between the bid and ask price you pay on every trade. Tight, stable spreads on major pairs like EUR/USD, GBP/USD and USD/JPY mean lower costs for scalpers, day traders and long-term investors alike.

  • Live spread table for six major currency pairs, refreshed every few seconds
  • Excellent / competitive / high ratings so you can benchmark MIFX at a glance
  • Bid, ask and pip-change data to estimate your real cost per trade
View live spreads for MIFX

Spread data is indicative and for comparison purposes only

Global Domains

Worldwide web presence

1 site
🌐
https://mifx.com/
Indonesia
Active
SSL
1
Active
1
Countries
100%
SSL

Social Presence

Digital community engagement

4 platform
Scroll to see all 4 platforms

Comments

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