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MONEY MALL Forex broker specializes in providing foreign exchange trading services, the company's official website https://cabinet.mone..., the company's legitimate regulatory information IndonesiaJFXDerivatives Trading License (AGN), IndonesiaBAPPEBTIForex Trading License (EP) to enhance the security of the company's address Jl. Untung Suropati No.63, DR. Soetomo, Kec. Tegalsari, Surabaya, Jawa Timur 60264.

MONEY MALL Forex Broker

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MONEY MALL

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Money MallReview SummaryFounded2003Registered Country/RegionIndonesiaRegulationBAPPEBTIMarket InstrumentsCurrency, commoditiesDemo Account/LeverageUp to 1:400Spread35 (Gold account)Trading PlatformMetaTrader 4Min Deposit$500Customer SupportPhone: +6231 58282962Email: info@moneymallfutures.com Money Mall was registered in 2003 in Indonesia, and it is regulated by the authority in Indonesia. On Money Mall, traders can trade currencies and commodities. The company uses MT4 as its platform, and there are three types of accounts available, including Gold, Platinum, and Diamond accounts.Pros and ConsPros Cons Regulated by BAPPEBTIWide spreadsMT4 supportedLimited trading asset classesOperated for a long timeHigh minimum depositIs Money Mall Legit?Regulated CountryRegulated AuthorityLicense TypeLicense NO.IndonesiaBadan Pengawas Perdagangan Berjangka Komoditi Kementerian Perdagangan (BAPPEBTI)Retail Forex License271/BAPPEBTI/SI/X/2003What Can I Trade on Money Mall? Money Mall offers 2 types of products: currencies and commodities.Account Type There are 3 types of accounts available: Gold, Platinum, and Diamond. The website doesn't mention whether the demo account and Islamic account are available.Account TypeMin DepositGold$500Platinum$500Diamond$2500Leverage For the Gold and Platinum accounts, the leverage can be up to 1:200. However, for the Diamond accounts, the leverage can be up to 1:400. Higher leverage may mean higher risks. Therefore, considerations are necessary before choosing to open an account.Money Mall Fees The spreads are relatively high among the industry, and commission fees are normal. For the Gold account, the spreads can be up to 35, and the commission is 5 per lot. For the Platinum account, they are 25 and 1 per lot, and for the Diamond account, the numbers can be 11 and 5 per lot.Trading Platform Money Mall uses MT4 as its trading platform.
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Pros
Potential access to a variety of trading platforms, including popular options like MT4.
Some users may find the interface user-friendly and easy to navigate.
Offers a range of financial services beyond forex trading, which could appeal to diverse investors.
Cons
Lack of proper regulatory oversight raises concerns about the broker's legitimacy and investor protection.
Numerous reports of difficulties with fund withdrawals, leading to potential financial losses for clients.
Negative reviews and allegations of scams, which may deter potential investors from using their services.

Basic Information

Registered Region
Indonesia
Operating Period
--
Company Name
PT Gatra Mega Berjangka
Abbreviation
MONEY MALL
Company employee
--
Customer Service Email Address
info@moneymallfutures.com
Contact Number
+6203158282962
Company Website
https://www.moneymallfutures.com
Company Address
Jl. Untung Suropati No.63, DR. Soetomo, Kec. Tegalsari, Surabaya, Jawa Timur 60264.
Facebook
https://www.facebook.com//profile.php?id=61563581315872&locale=id_ID
How to login to MONEY MALL?
moneymall Complete Account Guide: Registration, Account Opening, and Login Processes Part One: Account Registration Process How to Register a moneymall Account Registering for a moneymall account is a straightforward process that allows you to access various financial services. Follow these steps to complete your moneymall registration successfully. Steps to Register Accessing the Registration Page: Visit the official moneymall website. Look for the “Register” or “Sign Up” button prominently displayed on the homepage. Click on it to navigate to the registration page. Insert screenshot of registration page here Filling in Required Information: Complete the registration form by entering your personal details, including your name, email address, phone number, and preferred password. Ensure that the password meets the security requirements specified on the page. Email/Phone Verification: After submitting your information, you will receive a verification email or SMS. Click on the link provided in the email or enter the code sent to your phone to verify your contact information. This step is crucial for securing your account. Identity Verification (if required): Depending on your region, moneymall may require additional identity verification. This may involve uploading a government-issued ID or a utility bill to confirm your identity. Follow the prompts to complete this step. Registration Confirmation: Once all the necessary steps are completed, you will receive a confirmation message indicating that your registration was successful. At this point, you can log in to your account. Common Registration Issues and Solutions Issue: Not receiving the verification email. Solution: Check your spam or junk folder. If its not there, request a new verification email from the registration page. Issue: Identity verification documents are rejected. Solution: Ensure that the documents are clear and legible. Check the required formats and sizes before re-uploading. Regional Differences in Registration Registration processes may vary depending on your location. Some regions may have stricter identity verification requirements or additional documentation needed. Always refer to the specific guidelines provided on the moneymall website for your region to ensure compliance. Part Two: Account Opening Process moneymall Account Opening Detailed Guide After completing your moneymall registration, the next step is to open your account. This process can vary slightly from registration, as it often requires additional documentation and choices regarding account types. Explanation of Differences Between Registration and Account Opening While registration is primarily about creating an account and verifying your identity, account opening involves selecting the type of account you wish to use and providing documentation to fund it. Preparation Work Before Account Opening Before opening your moneymall account, gather the following documents: Government-issued identification (e.g., passport, drivers license) Proof of address (e.g., utility bill, bank statement) Any additional documents required based on your region Detailed Account Opening Steps Selecting Account Type: Log in to your moneymall account. Navigate to the “Account Types” section and choose the type of account you wish to open (e.g., personal, business, or investment account). Submitting Required Documents: Upload the necessary documents as prompted. Ensure that all documents meet the specified requirements regarding format and size. Account Review Process: After submission, your application will undergo a review process. This can take anywhere from a few hours to several days, depending on the volume of applications and the complexity of your submission. Account Activation: Once your application is approved, you will receive a notification. Follow the instructions provided to activate your account. Initial Setup: After activation, you can set up your profile, including funding options and security settings. Its advisable to enable two-factor authentication for added security. Frequently Asked Questions About Account Opening Q: How long does the account opening process take？ A: The review process can take from a few hours to several days, depending on various factors. Q: What types of accounts are available？ A: moneymall offers various account types, including personal, business, and investment accounts. Next Steps After Opening an Account Once your account is open, you can begin funding it and exploring the services offered by moneymall. Familiarize yourself with the platform's features to maximize your financial management experience. Part Three: Login Guide moneymall Login Process Explained Logging into your moneymall account is a simple process that enables you to access your financial services. Heres how to do it effectively. Basic Web Login Process Visit the moneymall Website: Go to the official moneymall homepage and locate the “Login” button, usually found at the top right corner. Enter Your Credentials: Input your registered email address and password in the provided fields. Ensure that you enter the information accurately to avoid errors. Complete CAPTCHA (if prompted): If you encounter a CAPTCHA verification, complete it to prove you are not a robot. Click on Login: After entering your credentials and completing any required verifications, click the “Login” button. Access Your Dashboard: Upon successful login, you will be directed to your account dashboard, where you can manage your finances. Mobile App Login Process (if applicable) If moneymall has a mobile app, download it from your app store. Follow similar steps as the web login process: Open the app, enter your credentials, and log in. Other Login Methods Third-Party Login: If moneymall offers third-party login options (like Google or Facebook), you can use these for quicker access. Single Sign-On (SSO): For business accounts, SSO may be available for easier access across platforms. Common Login Issues and Solutions Forgotten Password: Use the “Forgot Password” link on the login page to reset your password via email. Account Lockout: If you enter incorrect credentials multiple times, your account may be temporarily locked. Wait for a while before trying again or contact support for assistance. Technical Issues: If you encounter technical problems, try clearing your browser cache or using a different browser. Overview of Features After Login Once logged in, you can access various features, including loan applications, account management tools, and financial resources tailored to your needs. Familiarize yourself with the dashboard to make the most of your moneymall experience. Additional Sections Account Security Recommendations To keep your moneymall account secure: Use a strong, unique password. Enable two-factor authentication. Regularly update your password and monitor your account for suspicious activity. Best Practices for Account Management Regularly review your account statements and transactions. Set financial goals and track your progress through the platform. Keep your personal information updated to avoid issues with account access. How to Get Technical Support If you encounter issues or have questions, contact moneymalls customer support through the help section of their website. They typically offer multiple channels, including live chat, email, and phone support. This comprehensive guide aims to provide you with all the necessary steps and information to successfully register, open, and log into your moneymall account. By following these instructions, you can navigate the moneymall platform with confidence and ease.
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MoneyMall Forex Broker - Complete Information Guide

1. Broker Overview

Company Name and Establishment

MoneyMall, established in 2017, is a forex brokerage that claims to offer trading services to clients worldwide.

Headquarters and Main Offices

The company is headquartered in the United States, specifically in Arizona.

Company Nature

MoneyMall operates as a private entity, and there is no indication that it is publicly traded.

Primary Markets and Clientele

The broker primarily targets retail traders, providing access to various financial instruments. However, its reputation and service quality have come under scrutiny due to regulatory issues and customer complaints.

Company Development and Milestones

Since its inception, MoneyMall has positioned itself as a trading platform offering services across multiple platforms, including the popular MetaTrader 4 (MT4). However, the company has faced significant challenges, including regulatory ambiguities and allegations of fraudulent practices.

Group Relations

There is no publicly available information indicating that MoneyMall is part of a larger financial group or conglomerate.

Business Model Overview

MoneyMall primarily operates in the retail forex market, offering trading services for various financial instruments, including currencies and CFDs. However, the lack of regulatory oversight raises concerns about its operations and business practices.

2. Regulatory and Compliance Information

Main Regulatory Authorities

MoneyMall claims to be regulated by the National Futures Association (NFA), although this has been disputed.

Regulatory License Numbers

The broker cites an NFA license number (0506478), but investigations reveal that this license is unauthorized and not valid.

License Validity and Scope

Currently, MoneyMall does not hold any valid regulatory licenses, raising serious concerns about its compliance with industry standards.

Legal Entities in Different Regions

The broker is registered in the United States, but it operates without the necessary oversight from credible financial authorities.

Client Fund Segregation Policies

There is no clear information available regarding the segregation of client funds, which is a critical aspect of investor protection.

Investor Compensation Fund Participation

MoneyMall does not participate in any investor compensation schemes, which further exposes clients to risks.

KYC and AML Compliance Measures

While MoneyMall may have KYC (Know Your Customer) and AML (Anti-Money Laundering) policies in place, the effectiveness and enforcement of these measures are questionable given the broker's overall regulatory status.

3. Trading Products and Services

Number of Forex Currency Pairs and Major Types

MoneyMall offers a limited selection of forex currency pairs, but the exact number is not specified in the available sources.

CFD Product Categories

The broker claims to provide CFDs on various assets, including indices, commodities, and cryptocurrencies, but specific details are lacking.

Special Products or Unique Trading Instruments

There is no indication of special products or unique trading instruments being offered by MoneyMall.

Product Update Frequency and New Additions

Information regarding the frequency of product updates and the introduction of new trading instruments is not disclosed.

Retail Trading Services

MoneyMall primarily caters to retail traders, offering standard trading services through its platform.

Institutional Client Services

There is no mention of services tailored for institutional clients, indicating a focus on retail trading.

White Label Solutions

No information is available regarding the provision of white label solutions by MoneyMall.

Asset Management Services

MoneyMall does not appear to offer asset management services based on the available data.

4. Trading Platforms and Technology

MetaTrader 4/5 Support

MoneyMall supports the MetaTrader 4 (MT4) platform, which is widely used among forex traders for its user-friendly interface and advanced trading features.

Proprietary Platform Details

There is no information indicating that MoneyMall has developed its own proprietary trading platform.

Web-Based Trading Platform

The broker provides access to a web-based trading platform through MT4.

Mobile Application Support

MoneyMall's mobile application is compatible with iOS and Android devices, allowing traders to manage their accounts on the go.

Execution Models

The execution model used by MoneyMall is not clearly defined, but it is suggested that they may employ market making practices.

Server Location and Technical Infrastructure

The brokers servers are located in the United States, but specific details about their technical infrastructure are not provided.

API Access and Automated Trading Support

Information regarding API access and support for automated trading is not available.

5. Account Types and Trading Conditions

Standard Account Conditions

Details about standard account conditions, including minimum deposit, spreads, and commissions, are not explicitly mentioned in the sources.

Advanced Account Types

There is no information available on advanced account types such as VIP or professional accounts.

Special Accounts

MoneyMall does not appear to offer specialized accounts, such as Islamic or corporate accounts.

Demo Account Policy

It is unclear whether MoneyMall provides a demo account option for prospective traders.

Leverage Ratios

The leverage ratios offered by MoneyMall are not specified, which can be a significant factor for traders when choosing a broker.

Minimum Trade Size

Information on the minimum trade sizes is not provided.

Overnight Fees Policy

Details regarding overnight fees or swap rates are not disclosed.

6. Fund Management

Supported Deposit Methods

MoneyMall reportedly supports various deposit methods, including bank transfers and credit cards, but specific details are lacking.

Minimum Deposit Requirements

The minimum deposit requirements for different account types are not clearly defined.

Deposit Processing Times

Information regarding deposit processing times is not available.

Deposit Fees

There is no mention of any deposit fees associated with funding accounts.

Withdrawal Methods and Restrictions

Withdrawal methods are not specified, and there are reports of clients facing difficulties in withdrawing their funds.

Withdrawal Processing Times

Details regarding withdrawal processing times are not provided.

Withdrawal Fee Structure

Information on withdrawal fees is not available.

7. Customer Support and Educational Resources

Support Channels

MoneyMall offers customer support via phone and email, but there is no mention of live chat or social media support.

Service Hours and Time Zone Coverage

The service hours and time zone coverage for customer support are not specified.

Multilingual Support

The available languages for customer support are not indicated.

Types of Educational Resources

There is little information on educational resources, such as webinars or tutorials, provided by MoneyMall.

Market Analysis Services

Details regarding market analysis services, including daily analysis and research reports, are not available.

Trading Tools

Information on trading tools, such as calculators or signal services, is not provided.

8. Regional Coverage and Restrictions

Primary Service Markets

MoneyMall primarily serves clients in the United States, but its operational status in other regions is unclear.

Regional Office Distribution

There is no information available on the distribution of regional offices.

Countries/Regions Not Accepted

The specific countries or regions from which MoneyMall does not accept clients are not disclosed.

Special Restrictions

Details regarding any special restrictions on trading or account opening are not available.

In conclusion, while MoneyMall presents itself as a forex broker offering various services, significant concerns regarding its regulatory status, customer complaints, and operational transparency suggest that potential investors should exercise caution. The lack of reliable information and the presence of negative reports highlight the importance of thorough research before engaging with the broker.

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Latest Reviews

tunsiyah

tunsiyah

Indonesia

I fell victim to a part-time job scam on June 19, 2024. Initially, I was just asked to like and follow TikTok accounts to receive a daily bonus of 10,000 rupiah. I followed the instructions and guidance from the mentor, only to be given tasks to buy goods with the promise of getting my money back along with the bonuses. At first, I transferred an amount of 198,000 and indeed got it returned along with a bonus of 39,000. To continue as a part-time employee, I had to complete several more tasks, reaching task number 14 where I had to deposit 2,600,000 and I did transfer that amount. It turned out that within task 14, there was another task requiring a transfer of 7,258,000 with the reason that if not completed, the money already transferred would not be returned. Eventually, I transferred the amount of 7,258,000. And yet, there was still another task demanding an even higher transfer. That's when I realized this was a scam and I stopped continuing because I no longer had any money left. Please help me get back the money I was cheated out of because that money was borrowed from someone else.

Exposure

2024-07-01

nisa4619

nisa4619

Indonesia

Hello, can you help me get money from scammers... Initially I got a part time job and then I followed the instructions but after some time I was told to transfer a large amount of money and finally I got cheated. Please help me.

Exposure

2024-07-01

Indri 812

Indri 812

Indonesia

My funds are frozen and cannot be withdrawn

Exposure

2024-06-06

MONEY MALL Forex Broker has an overall rating of 7.22, Regulatory Index 6.40, License Index 6.40, Business Index 7.54, Software Index 8.22 Risk Control Index 9.71.
MONEY MALL