MIFX Forex Broker keeps up-to-date with the latest trading account information, including MULTILATERAL, PRO REBATE , PRO, STANDARD, ULTRA LOW maximum leverage of 1:100, trading varieties, and more
Rating Index
Pros
Competitive variable spreads starting at 0.2 pips on major currency pairs.
Offers a well-known trading platform (MT4) with advanced tools and features.
Strong regulatory oversight in Indonesia, enhancing the safety of client funds.
Cons
Minimum initial deposit of $500 may be high for beginner traders.
Limited leverage options compared to other brokers, with a maximum of 1:100.
Lack of micro tradeable lots, which may deter novice traders looking for smaller trade sizes.
MIFX broker Accounts
MULTILATERAL
Environment
--
Currency
--
Maximum Leverage
1:100
SupportedEA
Minimum Deposit
IDR 1 million
Minimum Spread
from 0.6
Depositing Method
--
Withdrawal Method
--
Minimum position
0.01
Commission
$20
Products
--
PRO REBATE
Environment
--
Currency
--
Maximum Leverage
1:100
SupportedEA
Minimum Deposit
IDR 100 million
Minimum Spread
from 1.8
Depositing Method
--
Withdrawal Method
--
Minimum position
0.01
Commission
$1
Products
--
PRO
Environment
--
Currency
--
Maximum Leverage
1:100
SupportedEA
Minimum Deposit
IDR 100 million
Minimum Spread
from 0.3
Depositing Method
--
Withdrawal Method
--
Minimum position
0.01
Commission
$5
Products
--
STANDARD
Environment
--
Currency
--
Maximum Leverage
1:100
SupportedEA
Minimum Deposit
IDR 500 thousand
Minimum Spread
from 1.8
Depositing Method
--
Withdrawal Method
--
Minimum position
0.01
Commission
$1
Products
--
ULTRA LOW
Environment
--
Currency
--
Maximum Leverage
1:100
SupportedEA
Minimum Deposit
IDR 500 thousand
Minimum Spread
from 0.3
Depositing Method
--
Withdrawal Method
--
Minimum position
0.01
Commission
$10
Products
--
MIFX Account Type
MIFX offers a range of live trading accounts tailored to cater to the diverse needs of traders. The account types available are:
- Ultra Account:
- Minimum Deposit: IDR 500,000
- Spreads: Starting from 0.2 pips
- Commission: $10 per lot
- Leverage: Up to 1:100
- Free Swap: Available
- Standard Account:
- Minimum Deposit: IDR 500,000
- Spreads: Starting from 1.8 pips
- Commission: $1 per lot
- Leverage: Up to 1:100
- Free Swap: Available
- Pro Account:
- Minimum Deposit: IDR 2,500,000,000
- Spreads: Starting from 1.8 pips
- Commission: $1 per lot
- Leverage: Up to 1:100
- Free Swap: Available
- Multilateral Account:
- Minimum Deposit: IDR 1,000,000
- Spreads: Starting from 0.6 pips
- Commission: $20 per lot
- Leverage: Up to 1:100
- Free Swap: Not available
- Visit the MIFX Website: Go to the official MIFX website.
- Click on “Open an Account”: Look for the “Open an Account” or “Sign Up” button on the homepage.
- Fill in the Application Form: Complete the online application form with accurate personal information, including your full name, contact details, and residential address. Identification documents may be required for verification.
- Read and Accept Terms and Conditions: Review the terms and conditions provided by MIFX and ensure you understand and agree before proceeding.
- Submit the Application: Submit your application electronically and note any confirmation or reference number provided.
- Account Verification: Complete the verification process, which may involve submitting identification documents such as a passport or drivers license, as well as proof of address.
- Fund Your Account: After verification, proceed to fund your trading account using various deposit methods, such as bank transfers.
- Start Trading: Once your account is funded, access MIFX's trading platform using the provided login credentials.
- MIFX Forex Broker - WikiBit
- MIFX Review – ForexSQ
- MIFX Review - Expert Review and Analysis
MIFX also provides a demo account that allows traders to practice without the risk of losing real money, with a virtual fund of $10,000.
MIFX Broker Account Opening Process
To open an account with MIFX, follow these steps:
These processes ensure that traders can smoothly transition into trading with MIFX.
Sources:
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MIFX accounts can be viewed for products that can be traded -- accounts with a minimum deposit of IDR 1 million by (2+) --.