Company profile
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.
Indonesia
5-10 years
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