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PT Monex Investindo (MIFX) Review
PT Monex Investindo, known as MIFX, is Indonesia's BAPPEBTI licensed forex and futures broker. It also answers to the OJK and Bank Indonesia.
Min Deposit
$500
Spreads From
About 0.3 pips on Pro and Ultra Low accounts, plus a commission
Max Leverage
1:100
Platforms
3
Pros
- Licensed by BAPPEBTI since 2003, one of Indonesia's older forex brokers
- Also registered with the OJK and Bank Indonesia, not just one regulator
- Low entry point, with Ultra Low and Standard accounts from Rp500,000
- Runs on MetaTrader 4, MetaTrader 5, and its own MIFX mobile app
Cons
- Higher tier Pro and Pro Rebate accounts need around Rp100 million to open
- Leverage up to 1 to 100 carries real risk of fast, large losses
- Welcome bonus campaigns are time boxed and can expire between visits
PT Monex Investindo Futures, known as MIFX, started trading in Jakarta in 2000. Indonesia's BAPPEBTI licensed it under number 178/BAPPEBTI/SI/I/2003, and its own site also lists registrations with the OJK and Bank Indonesia, plus membership of the Jakarta Futures Exchange and ICDX.
MIFX offers forex, commodities, and index trading on MetaTrader 4, MetaTrader 5, and its own MIFX app. Account types range from Ultra Low and Standard, opened from around Rp500,000, up to Pro and Pro Rebate accounts that need roughly Rp100 million. Leverage runs up to 1 to 100, and spreads start near 0.3 pips depending on the account.
The broker runs a MIFX Rewards points program for live account trading, plus timed welcome campaigns for new Ultra Low and Standard accounts. A July 2026 welcome campaign closed on 31 July, so check the current rewards page for what is actually running before you open an account.
Min. Deposit
USD 500
Max Leverage
1:100
Spreads From
About 0.3 pips on Pro and Ultra Low accounts, plus a commission
Platforms
Regulators
Platforms
- BAPPEBTI (Indonesia)
