MoneyMall Forex broker specializes in providing foreign exchange trading services, the company's official website https://www.moneymallfutures.com/accregular/daftar.php, the company's legitimate regulatory information IndonesiaBAPPEBTIRetail Forex License, to enhance the security of the company's address Central Point Building, Jl. Ngagel 137-141 Surabaya Jawa Timur Indonesia.
MoneyMall Forex Broker
Basic information
Indonesia
5-10 years Regulated in Indonesia Retail Forex License MT4 Full License Regional BrokersCompany profile
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 Cons
| Pros | Cons |
| Regulated by BAPPEBTI | Wide spreads |
| MT4 supported | Limited trading asset classes |
| Operated for a long time | High minimum deposit |
Is Money Mall Legit?
| Regulated Country | Regulated Authority | License Type | License NO. |
| Indonesia | Badan Pengawas Perdagangan Berjangka Komoditi Kementerian Perdagangan (BAPPEBTI) | Retail Forex License | 271/BAPPEBTI/SI/X/2003 |
What 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 Type | Min Deposit |
| Gold | $500 |
| Platinum | $500 |
| Diamond | $2500 |
Leverage
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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Latest Reviews
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
Indonesia
My funds are frozen and cannot be withdrawn
Exposure
2024-06-06
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