Monex Investindo Futures (MIFX) at a glance
Established in 2000, PT Monex Investindo Futures (commercially branded as MIFX) is Indonesia's largest domestic retail derivatives and foreign exchange brokerage, controlling over 30% of the domestic regulated futures volume. Authorized and regulated by the Indonesian Commodity Futures Trading Regulatory Agency (BAPPEBTI License No. 178/BAPPEBTI/SI/I/2003) under the Ministry of Trade, MIFX is a registered clearing member of the Jakarta Futures Exchange (JFX), the Indonesia Commodity and Derivatives Exchange (ICDX), the Indonesian Derivatives Clearing House (KBI), and Indonesia Clearing House (ICH). MIFX provides STP market execution across forex pairs, commodities, and stock indices via MetaTrader 4 (MT4) and its proprietary ISO 27001-certified MIFX Mobile app.
Monex Investindo Futures (MIFX) reports a founding year of 2000 and a head office in Central Jakarta, Indonesia. It lists 6 regulators and 4 trading platforms.
BrokerBazaar verdict
PT Monex Investindo Futures (MIFX) is Indonesia's premier domestic forex and derivatives brokerage, established in 2000. Regulated by BAPPEBTI (License No. 178/BAPPEBTI/SI/I/2003) and operating as a core clearing member of the Jakarta Futures Exchange (JFX) and ICDX, it represents the domestic benchmark for safety and compliance in Indonesia. With client money segregated at state and major private banks under KBI/ICH clearing house supervision, counterparty risk for domestic traders is low.
Legal entities, regulation and licences
Monex Investindo Futures (MIFX) operates through 1 legal entity, each supervised separately. Your account is with one specific entity, so the protections you receive depend on which one onboards you, not on the group's strongest licence. Overall, the group is supervised by no regulator we could map to a public register.
Licence check: Not independently checked. This broker has submitted its details. BrokerBazaar has not yet independently checked them. A company registration or general business licence is not permission to offer regulated brokerage services; only the register entries linked in the table count.
Countries accepted and restricted
Monex Investindo Futures (MIFX) states that it accepts clients from Indonesia (Primarily restricted to Indonesian domestic citizens and registered residents; international onboarding is subject to strict cross-border regulatory constraints). Availability is decided per entity and can change without notice; residents of jurisdictions such as the USA, and often the EU and UK, are frequently excluded from offshore entities.
Trading products, platforms and account types
Instruments: Forex Pairs (Major, Minor crosses), Precious Metals (Gold, Silver), Energy Commodities (Crude Oil), Equity Indices (Hang Seng, Nikkei, Dow Jones, S&P 500). Platforms: MIFX Mobile App (iOS / Android), MetaTrader 4 (MT4 Desktop, Web, Mobile). Account types: Ultra Account, Standard Account, Pro Account, Multilateral Account, Islamic Swap-Free Account, Demo Account.
Best-for tags assigned by our team: Indonesian Domestic Traders, BAPPEBTI Regulated, Local Bank Transfers (BCA, Mandiri, BRI), Micro Lots, MIFX Mobile App, Islamic Accounts, ISO 27001 Certified, High Domestic Trust.
Minimum deposit, spreads, commissions and other charges
The minimum deposit is $35 (IDR 500,000 baseline entry deposit on the Standard and Ultra tiers; typical USD equivalent approx. $35; higher entry tiers for Pro and Multilateral. Spreads start from 0.2 pips and commission is From $1.00. Maximum leverage is 1:100 (fixed), subject to the cap of the entity that holds your account.
Swap-free / Islamic account: available (yes). Swap type: not specified. Headline spreads are usually quoted for the most expensive account tier's cheapest instrument; compare total cost for your typical trade.
Deposits and withdrawals
Deposit methods: Indonesian Bank Transfers (BCA, Mandiri, BNI, BRI, CIMB Niaga), Virtual Accounts, QRIS, E-Wallets. Withdrawal methods: Domestic Indonesian Bank Wire Transfer to verified bank accounts.
Withdrawal speed and fees are set by the entity and payment provider. Withdrawal delays are the most common complaint category on BrokerBazaar across all brokers; keep identity documents current and withdraw to the same method you deposited with where required by anti-money-laundering rules.
Execution model, negative balance protection and client money
Negative balance protection: No. Scalping allowed: Yes. Algorithmic trading allowed: Yes. News trading allowed: Yes. Hedging: hedging. These conditions were compiled from public information and have not yet been confirmed by the broker.
Client-money rules follow the regulator of the entity that holds your account. Check that regulator's rules on its register.
Complaints and dispute process
Formal complaints: legal.audit@mifx.com. Phone: +62 21 2788 9333. Customer complaints are formally processed by the Legal and Audit Department of PT Monex Investindo Futures at Sahid Sudirman Center, Jakarta Pusat. In accordance with Indonesian futures trading legislation (Law No. 32 of 1997 as amended by Law No. 10 of 2011), disputes that cannot be resolved internally can be escalated to the Badan Arbitrase Perdagangan Berjangka Komoditi (BAKTI) or directly to BAPPEBTI. In strict accordance with BAPPEBTI statutory capital segregation rules, 100% of client margin collateral is deposited into segregated bank accounts (Rekening Terpisah) held at designated settlement banks (including Bank Central Asia - BCA, Bank Mandiri, Bank Rakyat Indonesia - BRI, and CIMB Niaga), supervised directly by the Indonesian Derivatives Clearing House (KBI) and Indonesia Clearing House (ICH). In the event of broker default, client assets are legally insulated from company operating debt.
If the broker does not resolve a complaint, escalate to the ombudsman or regulator of the entity that holds your account. BrokerBazaar's Dispute Support Desk can help you document and escalate a case.
Strengths and limitations
- Strength: The largest licensed domestic futures and forex broker in Indonesia, holding over 30% domestic market share
- Strength: Direct Tier-1 national supervision from BAPPEBTI (License No. 178/BAPPEBTI/SI/I/2003) under the Ministry of Trade
- Strength: Client deposits protected in segregated accounts supervised by KBI and ICH clearing houses
- Strength: ISO 27001 certified proprietary MIFX Mobile app providing integrated trading signals and direct execution
- Strength: Supports micro-lot trading (from 0.01 lot) with accessible deposit minimums starting from IDR 500,000
- Limitation: Retail leverage is strictly capped at 1:100 under statutory BAPPEBTI regulations
- Limitation: Onboarding is tailored strictly to domestic Indonesian residents holding Indonesian tax and identity documents
- Limitation: No negative balance protection guaranteed under domestic Indonesian legal frameworks
- Limitation: Spreads on basic Standard account tiers are relatively wide compared to global wholesale ECN benchmarks
- Limitation: Platform selection does not feature modern alternatives such as MetaTrader 5 or cTrader
Who this broker suits, and who it does not
Monex Investindo Futures (MIFX) is most relevant to traders looking for: Indonesian Domestic Traders, BAPPEBTI Regulated, Local Bank Transfers (BCA, Mandiri, BRI), Micro Lots, MIFX Mobile App, Islamic Accounts, ISO 27001 Certified, High Domestic Trust.
It is less suitable for anyone who needs a strict-tier regulator in their own country of residence, for residents of restricted jurisdictions, and for beginners who have not yet understood leverage and margin. Nothing on this page is personal financial advice.
Monex Investindo Futures (MIFX) change history
Every published fact change, with the previous value and the date it took effect. Each entry says whether the broker made the change itself or our editors checked it against an official source. Regulation and licence claims are always checked by an editor.
No fact changes recorded for Monex Investindo Futures (MIFX) yet. Changes appear here as soon as the broker updates its profile or our editors confirm a change.
Frequently asked questions about Monex Investindo Futures (MIFX)
Data sources. Broker submission, the regulator registers linked above, Bappebti broker register; ICDX member page; mifx.com, web-archive and domain records, and third-party traffic data. Last register check 2026-10-12. External ratings: Google Play Store 4.8/5; WikiFX 7.43/10.
Commercial disclosure. BrokerBazaar is independent and not owned by any broker. We may receive a referral fee if you open an account with Monex Investindo Futures (MIFX) through our links; this never affects scores or verification. How we make money. Trading leveraged products carries a high risk of loss.