MPF Review

MIN. DEPOSIT $500
Up to 500:1
No BONUS
0 Users (0 votes)
Odds0
Services0
Support0

Overview

Company Information Millennium Penata Futures, also known as MPF, is an Indonesian broker with a long history in the Asian financial markets. The company is one of the most leading… more

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Details

BrokerMPF
Website URLhttps://www.mpf.co/?lang=en
HeadquartersJakarta, Indonesia
Support Number+62 21 2907 5188
Support Emaildealingdesk@mpf.co
Support TypesPhone, Live Chat, E-mail
LanguagesEnglish, Indonesian, Chinese
Minimum 1st Deposit$500
Minimum Trade Amount0.1 lots
Maximum Trade Amount20 lots
BonusNo
PayoutUp to 500:1
Free Demo AccountYes
Regulated Yes
RegulationCofTRA
Account TypesMini, Standard
Deposit MethodsLocal Bank Transfer
Withdrawal MethodsLocal Bank Transfer
Types of AssetsForex, Metals, Energies, CFDs, Oil
Account CurrencyUSD, IDR
US Traders Allowed No
Mobile Trading Yes
Tablet Trading Yes

Full Review

Company Information

Millennium Penata Futures, also known as MPF, is an Indonesian broker with a long history in the Asian financial markets. The company is one of the most leading financial service providers in the region with more than 30 different branches across the country. MPF was founded in 2005 and today it is one of the most respected institutions with vast experience in the branch. The main headquarters of the broker are stationed at UOB Plaza, Thamrin Nine 43rd Floor, Jln M.H. Thamrin No. 10 Kav 8-10, Jakarta 10230. As a well-established enterprise, MPF is regulated by CofTRA. It’s also the member of various reputable authorities and organizations, such as JFX, ICDX, IDCH and ISI Clearing. The company is under constant audit from its regulators and other independent exchanges. MPF provides services to a wide range of clients including institutional, retail and corporate. Its business model is focused on bridging the gap between the banking sector and the traders by technologically advanced solutions and high quality of financial instruments. The Indonesian broker is an excellent choice for experienced traders from Asia, but the beginners will be disappointed. MPF doesn’t have much to offer to novices and provides very limited education without other helpful materials for newbies.

 

Trading Information

If you are looking for an Asian brokerage service with a large variety of financial instruments, then MPF should be your natural choice. The company allows exclusive access to nearly 20 Forex pairs, 3 Asian and 3 US Indices, over 100 single stock CFDs, metals, and commodities. The leverage used on these instruments is 1:100 and spreads start from 3 pips on the currency pairs and five pips for indices. Naturally, the executions are instant, and the speed is incredibly satisfying. MPF also supports a little protection from negative balance. Expert Advisors (EAs), hedging and scalping, are allowed, as well as any news market trading.

 

The traditional Asian broker supports five different trading accounts with various conditions and benefits. For traders with low investment capabilities, MPF provides Mini Forex and Mini Index account types. There are also three other profiles known as Regular Forex, Regular Index and Regular CFD accounts, which all offers a different set of financial instrument for trading.

 

Trading Platforms

Those who want to trade with MPF can use just one traditional platform – MetaTrader 4. Of course, most traders will be extremely satisfied as the software is the best possible option for trading. MT4 is equipped with a vast arsenal of tools, EAs, automation, indicators and much more. It’s relatively simple software at first, but the powerful engine allows almost everything to be accomplished. MetaQuotes Corp. also has its programming language integrated with the platform, which is a highly useful tool for custom strategies and indicators. MT4 supplied by the broker is adapted for numerous devices. Traders can access the necessary platform from PC, mobile phones and tablets with Android, iOS or Windows.

 

Also, MPF offers a browser-based software obtained from the website of the broker. It’s just called WebTrader, and it represents a fully functional trading platform with all the necessary capabilities. Autochartist is also presented as a trading tool. Those who are not familiar with the software should know that it offers automated trading signals based on market scans through the web. It’s an excellent tool for new traders, who want to use some extra help in their decisions.

 

Security and Customer Service

As a large Indonesian brokerage service provider, MPF takes security very seriously. The company employs advanced SSL encryption issued and certified by a notorious enterprise in the branch and namely Comodo CA Ltd. Additionally, all the best practices from the financial industry are followed. MPF uses different accounts and banks for its own capital and the client’s funds, also known as segregation. As an extra precaution, the broker supports protection by the investor compensation fund and has implemented a state-of-art risk management system right that protects the clients even further.

 

When it comes to customer services, MPF offers 24/7 Back Office support for funding and account opening, as well as 24/5 Dealing Desk support. Both departments operate with various languages to ensure excellent communication with the clients. There are also live chat, emails and a phone hotline available. The customers are free to visit any of the MPF’s offices and branches as well. Social media accounts are also available for extra communication options and interaction with the broker’s representatives.

 

Deposit and Withdrawals

Funding is possible only through bank wire transfers directly into MPF’s segregated accounts. There is total of four top banks that clients can use to process money for a deposit. Once the desired sum is transferred, the broker needs to confirm the payment and credit the funds to the user account. Minimum deposit amounts are set as follows – Mini profile requires $500 and all the other accounts can be opened with $5000.

 

Withdrawals, on the other hand, are processed through the same payment methods as the deposit. Traders need to file a request form and send it to MPF for approval. Once all the-the details are sorted out, the client’s funds are transferred within a few days. Take note that the broker does not apply any extra charges. However, banks may still deduct their fees from the customer’s money.

 

Deposit Bonus and Loyalty Programs

Promotions, loyalty programs and any other kinds of bonuses are not offered by MPF. The Indonesian company provides only partnership programs for Marketers and Introducing Brokers with extensive support. All interested in the proposal can easily contact MPF through its website and learn more about it.

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