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Pros

Regulated by the Commodity Futures Trading Regulatory Agency (Coftra) in Indonesia, providing a level of oversight.
Offers a variety of trading instruments including currency pairs, stocks, indices, and commodities with competitive spreads starting from 3 pips.
Provides 24/5 customer support and educational resources to enhance trading knowledge and skills.

Cons

Has received negative reviews regarding withdrawal issues and customer service responsiveness.
The broker has been associated with suspicious regulatory practices and claims, raising concerns about its legitimacy.
High leverage of 1:100 may not suit all traders, particularly those who prefer lower risk trading strategies.

MPF broker Accounts

MPF Review | Account Types

MPF offers three main types of accounts for traders:

  • Standard Account: This account type is suitable for most traders and provides access to a wide range of financial instruments with competitive spreads and leverage of up to 1:100.
  • Mini Account: Designed for beginner traders, this account type requires a lower minimum deposit and allows for smaller trade sizes, making it easier for new traders to enter the market.
  • Demo Account: This account type is perfect for practice, allowing traders to test their strategies in a risk-free environment with virtual funds.
  • MPF Review | Broker Account Opening Process

    To open a broker account with MPF, follow these steps:

    • Visit the Website: Go to the MPF official website to access the account registration section.
    • Choose Account Type: Select the type of account you wish to open (Standard, Mini, or Demo).
    • Complete the Application: Fill out the online application form with required personal details, including your name, contact information, and financial background.
    • Submit Documentation: Provide necessary identification documents, such as a government-issued ID and proof of address.
    • Initial Deposit: Fund your account with the minimum deposit required, which is set at $500 for a Standard or Mini Account.
    • Account Verification: Wait for the account to be verified, which usually takes a short period.
    • Start Trading: Once verified, you can log in to your trading platform and begin trading.
    • For more information, you can visit the MPF Review.

MPF accounts can be viewed for products that can be traded accounts with a minimum deposit of by (2+) .
MPF Account