MoneyMall Spreads, leverage, minimum deposit Revealed

WikiFX | 2024-10-24 17:57

Abstract：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.

Money MallReview Summary
Founded	2003
Registered Country/Region	Indonesia
Regulation	BAPPEBTI
Market Instruments	Currency, commodities
Demo Account	/
Leverage	Up to 1:400
Spread	35 (Gold account)
Trading Platform	MetaTrader 4
Min Deposit	$500
Customer Support	Phone: +6231 58282962
Customer Support	Email: 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 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.