Choosing between 3 forex brokers

Broker review
Y
Yuri wijayanto
14 Feb 2012, 11:20 5,880 Views

In Jogja, as far as I know there are 3 broker companies with offices, namely fxopen, masterforex, and monex. According to the trading campus, which one is the best?

2 Answer

R
Rachmat 14 Feb 2012, 11:22

1. FXOpen

  • On-line since: 2005
  • Country of origin: Seychelles
  • Regulation: The FSC license was terminated in May 2010 - are not regulated.
  • Payment options: WebMoney, Liberty Reserve, Wire Transfer, AlertPay, Perfect Money, CashU, e-Gold
  • Minimum account size: from $25 for standard accounts , ECN/STP from $1000
  • Minimum lot size: 0,1 lot
  • Leverage: from 1:1 to 1:500
  • Spreads: 0,5 pips on EUR/US


2. Master Forex

  • 2006
  • Country of origin: Russia
  • Payment options: WebMoney, Yandex.Money, Liberty Reserve, bank wire, RBK Money,Integrated instaneous payment sistem, PayPal
  • Minimum account size: 1 $
  • Minimum lot: 0.001 lot
  • Leverage:  1:500
  • Spreads: 2 pips on EUR/USD


3. PT. MONEX INVESTINDO FUTURES

Menara Ravindo 8th floor, Jl. Kebon Sirih Kav.75 - Central Jakarta 10340
License No. : 178/BAPPEBTI/SI/I/2003
Telp : 021 - 3150607
Fax : 021 - 3150758

You can adjust it to your financial condition. For master forex and Fx open we have tried trading there. For Monex (local broker) we haven't yet. We have only visited their office in the Bandung area. For monex 1 lot = Rp. 1 million. If you have large capital you can trade there.

R
Rachmat 25 Jul 2018, 19:08
Master Forex / MFX broker is a scam/ bankrupt.

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