Note: MMB's official website: https://www.mentarionline.com/ is currently inaccessible normally.
MMB Information
Founded in 1993 and registered in Indonesia, MMB is a forex broker offering its services via MT4. Mentari Online offers trading of currencies, indices, CFDs and commodities. It is not regulated and its official website is not accessible.
Pros & Cons
Pros:
- MT4 Platform: MMB provides the popular MT4 utrading platform, known for its user-friendly interface, advanced charting tools, and extensive range of technical indicators.
Cons:
-No Regulation: MMB is not regulated by any financial authority, which could lead to a lack of investor protection and oversight.
- Inaccessible Website: The MMB website is inaccessible, affecting traders ability to access real-time information and execute trades.
-Wide Spreads and High Transaction Costs: MMB has wider spreads of 3.0 pips and higher transaction fees, which can increase trading costs and impact overall profitability.
Is MMB Legit？
MMB is not regulated, which will affect their oversight and protection available to traders. Therefore, clients consider the risks before engaging in trading activities with MMB.
Moreover, their official website is inaccessible, which raises concerns about the reliability of their trading platform. These factors contribute to a higher level of risk associated with investing in MMB.
Market Instruments
MMB offers many types of trading instruments, including major currency pairs, precious metals like gold and silver, and stock indices.
Accounts
MMB provides a standard trading account with a minimum deposit requirement of $200. This account type allows trading with a minimum lot size of 0.01.
Leverage
MMB offers a maximum leverage of 1:200. This leverage allows for increased trading flexibility and the potential for higher returns, though it also involves greater risk, which should be carefully well-understood by traders who decide to use it.
Spreads & Commissions
MMB's Mentari Online standard account gives a spread of 3 pips. Additionally, it has a commission of $10 per lot, which is notably higher than the industry standard.
Trading Platforms
MMB offers the widely-used MetaTrader 4 (MT4) trading platform. Known for its user-friendly interface and advanced charting tools, MT4 supports a range of trading strategies and technical analysis. This platform is popular among traders for its reliability and extensive features.
Deposits & Withdrawals
MMB accepts deposits and withdrawals only through local bank transfers in Indonesia. However, it does not support widely-used payment methods such as PayPal, Neteller, Skrill, or credit and debit cards.
Conclusion
MMB is a Forex broker that provides many trading instruments via MT4 platform, with a minimum deposit requirement of $200 and leverage of 1:200. However, trading with MMB poses risks as it is not regulated and its website is inaccessible. To ensure safety and transparency, please choose regulated brokers with clear and accessible information.
Q&A
Is MMB regulated by any financial authority？
No. It has been verified that this broker currently has no valid regulation.
What platform does MMB offer？
It offers MT4.
What is the minimum deposit for MMB？
$200.
Risk Warning
Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information provided in this review may be subject to change due to the constant updating of the company's services and policies.
