MIFX is a futures brokerage company that has been around for over 20 years. During this time, it has gained popularity among traders and has the largest transaction volume in Indonesia. MIFX is regulated by BAPPEBTI and you can trade currency pairs, CFDs and futures through a convenient mobile platform.
MIFX main features and highlights
- A convenient mobile platform for novice traders
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- Trading currency pairs, CFDs, and futures
- Various analytical trading tools
- MT4 and MT5 trading platforms
- Regulated by BAPPEBTI
- Free educational materials
- Low spreads starting from 0.2 pips
- Withdrawal of funds on the same day
MIFX pros & cons
|A trustworthy and regulated broker.||The official web site is only available in one language.|
|Low spreads.||High minimum deposit|
|Convenient MIFX trading platform||24/5 customer support.|
|Rewards for every transaction|
MIFX in Indonesia is licensed by BAPPEBTI (licence number 178/BAPPEBTI/SI/I/2003).
MIFX reliability & security
MIFX was established in 2000 and is regulated by BAPPEBTI, JFX and ICDX. This Forex broker company operates in accordance with all rules and offers competitive conditions for trading. MIFX has received numerous awards, including ICDX Best Broker Award 2016, JFX Best Broker Awards 2015 and ICDX Broker of The Year Award 2014.
MIFX account types
|Ultra Low Account||Standard Account||Pro Account||Multilateral Account|
|Commission $10 per lot||Commission $1 per lot||Commission $1 per lot||Commission starting at $20|
|Leverage 1:400||Leverage 1:100||Leverage 1:100|
|Minimum deposit of IDR 500,000||Minimum deposit of IDR 500,000||Minimum deposit of IDR 250M||Minimum deposit of IDR 1M|
|Free swap||Free swap||Free swap||No free swap|
|Spread starting from 0.2 pips||Spread starting from 1.8 pips||Spread starting from 1.8 pips||Spread starting from 0.6 pips|
Deposit/withdrawal fees and options
Deposits can be made in MIFX via bank transfer in IDR or USD. Withdrawals are processed on the same day or the next day. There is no commission charged by HSB for deposits and withdrawals. However, the bank may charge a commission.
MIFX user experience
Opening a real account and its verification can take up to 24 hours, but otherwise the conditions do not differ from other brokers. The deposit of funds is credited instantly, and the withdrawal on the same day. Account management is convenient both on the website and in the mobile application. It is also possible to perform analysis and trade directly from the MIFX application.
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MIFX offers an average leverage of 1:100. The minimum deposit is significantly higher than other brokers. Low spreads start at 0.2 pips. The disadvantage is the customer support. It is available only on weekdays.
Ultimately, the advantages of MIFX outweigh the disadvantages. It is a reliable, licensed and convenient online Forex broker that provides quality services to traders in Indonesia.