Wikilix
Licence record

JFX licence SPAB 087/BBJ/09/04

Holder
Menara Mas Futures
Jurisdiction
Indonesia
Last checked
Aug 26, 2026

This is Wikilix's record of a licence issued by Jakarta Futures Exchange. It sets out what the register says, what we checked, and what the authority's own rules protect.

WIKILIX

Licence intelligence

RecordModified Aug 26, 2026

Licence Verification Record

Jakarta Futures Exchange SPAB 087/BBJ/09/04

Wikilix read the JFX register on Aug 26, 2026. This is what it said.

Issuing authority
Jakarta Futures Exchange
Holder
Menara Mas Futures
Jurisdiction
Indonesia
Effective
Jan 1, 2004
Register status
Legally valid, but suspended in 2016 and current standing not confirmed on the exchange's own member list

Checked Aug 26, 2026

A licence record describes what an authority published. It is not an endorsement, and Wikilix does not issue authorisations.

wikilix.com/licenses/jakarta-futures-exchange/menaramas-co-id/spab-087-bbj-09-04Fields on file 6 / 11

Open Menara Mas FuturesAbout JFX
Our check
Checked

What we checked

This authorisation is in force but limited — it does not carry the same protections as a full trading licence.

Wikilix check
Limited
Authority strength
Tier 3
Jurisdiction
Indonesia
Last checked
Aug 26, 2026
Register says
Legally valid, but suspended in 2016 and current standing not confirmed on the exchange's own member list

Finding

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.

A licence record describes what an authority published. It is not an endorsement, and Wikilix does not issue authorisations.
The register

What the authority publishes

Printed as the register prints it. A field that is missing here is one nobody has recorded, not one the register leaves blank.

Licence number
SPAB 087/BBJ/09/04
Register status
Legally valid, but suspended in 2016 and current standing not confirmed on the exchange's own member list
Effective from
Expires
No expiry shown
The authority

About JFX

Jakarta Futures Exchange is the authority that issued this licence, and the jurisdiction it applies in is Indonesia.

Full name
Jakarta Futures Exchange
Jurisdiction
Indonesia
Strength
Tier 3Lighter-touch supervision; protections vary and are often limited.
Established
1999
Oversight
A government or statutory body
Firms we track under it
28 firms
Licences it issues
Futures exchange membership; broker member; trader member
Typical cost of a licence
USD 1m membership & capital
Public register
Searchable by the public
Transparency
Medium

JFX is classed as an offshore regime. An offshore registration can be entirely legitimate, but it typically means lower capital requirements, no compensation scheme, and a complaint route that is harder to use from abroad.

Protection

What this licence protects

JFX's own rules for the firms it authorises.

  • Compensation schemeClearing house guarantee fund
  • Complaints routeBappebti dispute resolution & arbitration
  • Maximum leverage1:100
This describes the authority's regime, not how Menara Mas Futures applies it.
The holder

Who holds this licence

The licence above is recorded against Menara Mas Futures. Wikilix holds no separate company records for this holder, so we cannot say which legal company the register issued it to.

Broker
Menara Mas Futures
Based in
Indonesia
Wikilix score
17.0the firm’s overall score, not a rating of this licence

Wikilix has flagged Menara Mas Futures as a suspected clone of another firm. That is a finding about the firm, not about this licence — the register’s own wording above is what states this entry’s standing.

Provenance

Where this record came from

Every date below has already happened. We do not publish a promised next-update date, because we do not schedule per-licence re-checks.

Last checked by Wikilix
Record last edited
When this entry was last changed in our database, which may be a correction rather than a change at the register.
Wikilix records what an authority published. It does not issue or endorse authorisations.
Also on record

Other licences Menara Mas Futures holds

One other licence is on record for Menara Mas Futures.

Frequently Asked Questions

Questions about this licence

Answered from this register entry and the authority’s own record.

Most Popular Questions

Check the exact domain letter by letter, ask for the licence number and confirm it directly with the regulator's own register rather than a link the broker sends you, and confirm that the company named on the deposit instructions is the same company named in the client agreement. A brand name on its own proves nothing.

None that can be verified. No support email, telephone number, live chat, office address or business hours is published by this operator.

No accepted or restricted country list is published, because nothing is served on the domain. Absence of a restriction list is not acceptance of any country, and it is not a licence to solicit clients in Indonesia or elsewhere.

Recovery is unlikely and there is no regulator to escalate to. Act quickly all the same: contact your bank or card issuer about a chargeback or recall, keep every message, receipt and wallet address, and report the matter to your national financial-crime or consumer-protection authority. Refuse any offer to recover funds in exchange for an upfront fee, which is a common follow-on fraud.

WIKILIX rates it high risk and treats it as a brand impersonation. The combination of no licence, no identifiable company, a dead website and a name belonging to a licensed Indonesian broker is the profile of an operation set up to borrow another firm's credibility rather than of a going brokerage.

No operating company is disclosed. WIKILIX found no legal entity name, registration number or registered address that can be tied to this operator, so there is no company to check against a corporate registry and no party a client could pursue.

No deposit or withdrawal channel, fee, limit or processing time is published. Where an unlicensed operator handles funding through private bank details, personal accounts or crypto wallets supplied in chat, a transfer is generally not reversible and there is no supervisor to appeal to.

None could be confirmed. No MetaTrader 4, MetaTrader 5, cTrader or proprietary platform, and no server name or download link, is documented for this operator.

Neither is published anywhere reachable. No leverage cap, spread table, commission schedule or execution model exists for this operator, so nothing can be compared against a regulated broker's published conditions.

Unknown, and that is the problem. The operator publishes no account terms, so no minimum deposit, account tier or funding requirement can be quoted. A deposit figure quoted to you privately, by message or by a sales caller, has no published document behind it.

No. The domain does not resolve, so nothing is served on it at all. Any live page, application form or client portal presented to you under that address today did not come from this domain and should be treated as unsafe.

No. The licensed Indonesian futures brokerage that uses this brand operates from a different domain and holds a domestic futures brokerage licence. The operator profiled here shares only the name. If you meant to deal with the licensed firm, confirm the exact domain and licence number with that firm directly before sending money or identity documents.

No. WIKILIX found no licence, licence number or supervisory registration that can be attributed to the operator behind menaramas.co.id. There is no regulator standing behind money placed with it, no client-money segregation requirement and no statutory complaints route.

Licence SPAB 087/BBJ/09/04 was issued by Jakarta Futures Exchange (JFX), the financial authority for Indonesia.
Menara Mas Futures holds this JFX licence. A licence on record means the authority published an entry; it is not an endorsement.
We located this entry on the JFX register. Note that confirming a register ENTRY is not the same as confirming a live licence — the register’s own wording on this page is what states its current standing.
Wikilix rates JFX tier 3. Supervision is lighter-touch and client protections vary.
Yes, JFX is classed as an offshore regime. That can be a legitimate registration, but it usually means lower capital requirements, no compensation scheme, and a complaint route that is harder to use from abroad.
Menara Mas Futures has one other licence on record with Wikilix, across one jurisdiction. They are listed further down this page.
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