MPF 2025 Review: Everything You Need to Know
The MPF Forex broker, officially known as Millennium Penata Futures, has garnered mixed reviews in the trading community. While some users appreciate its competitive spreads and fast execution, others raise serious concerns about its regulatory status and customer service. Notably, the broker operates under different entities across regions, which adds a layer of complexity to its overall evaluation.
Note: It is important to consider that MPF operates under various regulatory frameworks depending on the region, which may impact its legitimacy and reliability. This review aims to provide a balanced perspective based on the available information.
Ratings Overview
We rate brokers based on user feedback, expert analysis, and available data.
Broker Overview
Founded in 2011, MPF is headquartered in Indonesia and is regulated by the Commodity Futures Trading Regulatory Agency (C of TRA). The broker offers access to various financial instruments, including currency pairs, stocks, indices, and commodities. The trading platform is primarily MetaTrader 4 (MT4), which is known for its user-friendly interface and advanced trading tools. However, the regulatory landscape for MPF is concerning, as some sources categorize it as a suspicious clone with dubious practices.
Detailed Breakdown
Regulatory Status and Geographic Reach
MPF operates in Indonesia and is regulated by C of TRA, but its reputation varies significantly across regions. Some users have reported issues with withdrawals and slippage, leading to a lack of trust in the broker. According to WikiFX, MPF has been flagged as a suspicious clone, raising red flags about its legitimacy.
Deposit and Withdrawal Options
The minimum deposit requirement is reported to be around $500, which is relatively standard in the industry. Users can deposit and withdraw funds through various methods, including credit cards. However, some reviews indicate that withdrawal processes can be slow, causing frustration among traders.
Trading Conditions
MPF offers leverage up to 1:100 and competitive spreads starting from 3 pips. While these conditions are appealing, the lack of transparency regarding additional fees and commissions has raised concerns among users. Some reviews mention hidden costs that were not disclosed upfront, leading to negative trading experiences.
Available Assets
Traders at MPF can access a range of assets, including forex pairs, indices, and commodities. However, the quality of execution and reliability of the trading platform has been questioned, with reports of slippage and platform issues during high volatility periods.
Customer Service
Customer service is a notable pain point for MPF users. The broker claims to offer 24/5 support via phone, live chat, and email, but many users have reported difficulties in reaching support representatives. According to Forex Peace Army, the response time is often slow, and issues remain unresolved for extended periods.
User Experience
Overall, user experiences with MPF are mixed. Some users commend the broker for its educational resources and trading tools, while others express dissatisfaction with the execution quality and customer service. As one user noted, "I have been trading with MPF for three months, and while the platform has its advantages, the withdrawal process is frustrating" (Forex Peace Army).
Repeat Ratings Overview
In conclusion, the MPF review highlights both strengths and weaknesses that potential traders should consider. While the broker offers competitive trading conditions and a user-friendly platform, its regulatory status and customer service issues raise significant concerns. Traders should conduct thorough research and consider these factors before engaging with MPF.
