MIFXForex Broker ReviewUp to 100:1 leverage
One of Indonesia's longest-standing domestically-regulated brokers, holding both BAPPEBTI and OJK licences, the benchmark for local regulatory compliance.
No commercial relationship. This score is entirely editorial. No payment influences placement or rating.
How MIFX ranks
Trust & Regulation
#57of 64
Fees & Spreads
#53of 64
Platforms & Tools
#55of 64
Customer Support
#46of 64
Min Deposit
$30
Spreads From
1.5 pips
MIFX Pros
- Over 20 years of operation as an Indonesian-licensed broker
- Holds both BAPPEBTI and OJK licences, full domestic regulatory compliance
- Supports local Indonesian bank transfers for deposits and withdrawals
- IDR account denomination avoids currency conversion costs
- Client funds held in segregated accounts
MIFX Forex Broker Review
Indonesia's dual-regulator standard
Indonesian retail forex regulation requires that any broker actively soliciting Indonesian clients must hold both a BAPPEBTI commodity futures trading licence and an OJK (Financial Services Authority) registration. MIFX (PT Monex Investindo Futures) has held both since 2003, making it one of the longest-standing locally-licensed names in the Indonesian market. For Indonesian traders who require their broker to operate under local law, this dual-regulator status is the baseline credential.
BAPPEBTI and OJK: full Indonesian regulatory framework
BAPPEBTI oversight means client funds held under the Indonesian regulatory framework, dispute resolution via domestic mechanisms (BKDI clearing), and recourse through Indonesian courts if needed. This is materially different from using an offshore-regulated broker from Singapore, Cyprus, or Seychelles, where Indonesian traders would have little practical recourse.
Platforms and products
MIFX offers MetaTrader 4 and the proprietary MonexTrader platform. Forex, indices, and commodities come as standard, with leverage capped at 1:100 under Indonesian regulation. Funding is via local Indonesian bank transfer, standard for the domestic market. The MonexTrader interface is adapted for Indonesian retail clients who prefer a locally-designed environment over the standard MetaTrader layout, with Indonesian-language customer support during business hours.
Where it falls short
Product range is narrower than international brokers, and leverage is capped at 1:100 by domestic regulation. Platform development lags behind global peers. Support is primarily in Indonesian, and the broker is not accessible to non-Indonesian residents.
Bottom line
MIFX is a well-regulated, long-established broker for Indonesian retail traders who require full dual BAPPEBTI + OJK compliance and prefer to trade through a locally-licensed, domestically-accountable firm rather than an offshore provider.
MIFX Score Breakdown
Overall Score3.8/ 51/440% of total score−−0.6 below average#57 of 64
3.7/ 5
- Top-tier regulator (FCA, ASIC, CFTC, etc.)
- Segregated client funds
- Negative balance protection
- Compensation scheme (e.g. FSCS)
4/430% of total score−−0.3 below average#53 of 64
3.9/ 5
- Raw/ECN spreads available
- No deposit fee
- No inactivity fee
- Transparent pricing page
4/520% of total score−−0.4 below average#55 of 64
3.8/ 5
- MT4/MT5 available
- Proprietary platform
- Mobile app
- Advanced charting tools
- 65 instruments available
2/310% of total score−−0.2 below average#46 of 64
3.9/ 5
- 24/5 live chat
- Phone support
- Multilingual support
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MIFX Active Forex Bonuses
2Cash Rebate
Cash rebate per lot traded
MIFX Cash Rebate Program
MIFX pays ongoing cash rebates to active clients on every lot traded - earn back part of the spread automatically.
Researching your options? to compare scores, spreads, and regulation side by side.
MIFX Fees & Costs
- Min Deposit
- $30
- Spreads From
- 1.5 pips
- Withdrawal Fee
- Free
- Inactivity Fee
- None
- Deposit Methods
- Bank transferCredit cardDebit card
MIFX Trading Conditions
- Spreads From
- 1.5 pips
- Max Leverage
- 100:1
MIFX Regulatory Licences
Verified regulation is a key factor in identifying a reliable choice for forex traders.
About MIFX
- Founded
- 2003
- Headquarters
- Jakarta, Indonesia
- Website
- www.mifx.com
- Withdrawal methods
- Bank transfer
- Available in
- 1 country
MIFX Forex Trading Platforms
Compare the leading forex trading platforms supported by MIFX.
MIFX Markets & Instruments
Forex
Indices
Commodities
Countries Where MIFX Is Available
IndonesiaTrade these markets with MIFX
Explore live forex pair charts and analysis available through MIFX.
Visit MIFX's official website
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Frequently Asked Questions About MIFX Forex Trading
Yes. MIFX is regulated under Indonesia's dual-regulator regime, holding both BAPPEBTI and OJK licences, which is described as the benchmark for local regulatory compliance. Client funds are held in segregated accounts, and disputes can be resolved through domestic mechanisms such as BKDI clearing, with recourse through Indonesian courts if needed.
MIFX focuses on forex currency pairs as its core asset class. The information provided confirms forex trading is offered, but the specific list of tradable currency pairs is not disclosed. The broker supports MetaTrader 4 and a proprietary Web/Mobile platform for forex trading.
Spreads start from 1.5 pips on forex trades. There is no per-lot commission stated in the data. Pricing is described as transparent.
MIFX provides MetaTrader 4 and a proprietary Web/Mobile trading platform for forex trading. MT4 is available, and the broker supports a proprietary platform for on-the-go trading.
The minimum deposit for forex trading at MIFX is $30. This amount is listed in MIFX's forex key statistics.
