Score
MMF
Indonesia|5-10 years| http://menaramas.com/dp/
Website
Rating Index
Contact
Licenses
Licensed Institution：PT. Menara Mas Futures
License No.：583/BAPPEBTI/SI/XII/2004
Single Core
1G
40G
1M*ADSL
- It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
Basic information
Indonesia
5-10 years Suspicious Regulatory License Suspicious Scope of Business High potential riskUsers who viewed MMF also viewed..
MiTRADE
- 10-15 years |
- Regulated in Australia |
- Market Making(MM)
FXCM
- Above 20 years |
- Regulated in Australia |
- Market Making(MM) |
- MT4 Full License
GTCFX
- 10-15 years |
- Regulated in United Kingdom |
- Straight Through Processing(STP) |
- MT4 Full License
Neex
- 15-20 years |
- Regulated in Australia |
- Market Making(MM) |
- MT4 Full License
Website
menaramas.com
Server Location
United States
Website Domain Name
menaramas.com
Website
WHOIS.FASTDOMAIN.COM
Company
FASTDOMAIN, INC.
Domain Effective Date
2005-07-26
Server IP
192.163.254.57
Company Summary
Note: MMF's official website: https://menaramas.com/dp/ is currently inaccessible normally.
MMF Information
Founded in 2005, MMF is a brokerage company with a suspicious clone license registered in Indonesia. The company claims to offer the MetaTrader 4 (MT4) platform.
Is MMF Legit？
 | Badan Pengawas Perdagangan Berjangka Komoditi Kementerian Perdagangan (BAPPEBTI) |
| Current Status | Suspicious Clone |
| Regulated by | Indonesia |
| License Type | Retail Forex License |
| License No. | 583/BAPPEBTI/SI/XII/2004 |
| Licensed Institution | PT. Menara Mas Futures |
MMF asserts that it is governed in Indonesia by the Badan Pengawas Perdagangan Berjangka Komoditi Kementerian Perdagangan (BAPPEBTI). However, MMF is classified as a “Suspicious Clone” at this time. It means that their license might be fraudulent. We suggest that traders look for a regulated one.
Downsides of MMF
- Regulatory Concerns
As of now, MMF's license is regarded as a suspicious clone. Its legality and safety are questionable.
- Inaccessible Website
The official MMF website is not available at this time. Its website does not provide us with first-hand information.
- Scam Risk
According to an exposure on WikiFX, a user exposed that the company's BAPPEBTI regulatory license was a clone, the MT4 trading platform was counterfeit, and everything was fake.
- Absence of Transparency
There isn't any helpful information regarding MMF available online. It is impossible to confirm its legitimacy or safety.
Negative MMF Reviews on WikiFX
On WikiFX, “Exposure” is posted as a word of mouth received from users.
Traders are encouraged to review information and assess risks before trading on unregulated platforms. Please consult our platform for related details. Report fraudulent brokers in our Exposure section and our team will work to resolve any issues you encounter.
As of now, there is one piece of MMF exposure in total.
Exposure. Scam Risk
| Classification | Others |
| Date | 2023-03-15 |
| Post Country | Australia |
The user said that the company's BAPPEBTI regulatory license was a clone, the MT4 trading platform was counterfeit, and everything was fake. You may visit: https://www.wikifx.com/en/comments/detail/Co202303152041671403.html
Conclusion
Trading MMFs can put your funds at risk. Their suspicious clone license and inaccessible official website are great red flags. We encourage you to go with other regulated brokers with open and truthful business practices instead of this risky one.
Keywords
- 5-10 years
- Suspicious Regulatory License
- Suspicious Scope of Business
- High potential risk
Content you want to comment
Please enter...
TOP 
Chrome
Chrome extension
Global Forex Broker Regulatory Inquiry
Browse the forex broker websites and identify the legit and fraud brokers accurately
Install Now