{
  "schemaVersion": 1,
  "kind": "demoOffering",
  "id": "mifx-mt4-id",
  "urls": {
    "html": "/demo-accounts/mifx-mt4-id.html",
    "json": "/demo-accounts/mifx-mt4-id.json",
    "markdown": "/demo-accounts/mifx-mt4-id.md"
  },
  "policy": "Documentation research, not account or execution testing. Research regions do not establish residence eligibility. Requires Verification is an evidence gap, not proof of unavailability. Source conflicts and product/entity qualifications must remain attached to claims. Demo results do not establish live trading performance.",
  "record": {
    "checked": "2026-10-12",
    "tested": false,
    "funds": null,
    "currency": null,
    "fundsLabel": "USD 10,000",
    "fundsNote": "USD 10,000 virtual starting funds. Reset/top-up terms not verified.",
    "expiryType": "none",
    "expiry": "No fixed expiry",
    "expiryNote": "No expiry; one demo account per registered email according to official support article updated 29 December 2025.",
    "evidence": "documented",
    "signup": "MIFX app or Client Area; personal information and password, choose MT4/MT5, accept terms, verify phone with WhatsApp/SMS OTP. Demo activated before optional live-account continuation. Free demo advertised; no deposit required for advertised demo.",
    "note": "Reconcile newer BI letter claimed in broker footer with public register letter. Confirm demo balance reset, precise demo forex pairs, residence eligibility and execution differences. Current BI FX-derivatives licensing itself is independently verified; Bappebti is not used as sole current FX authority.",
    "id": "mifx-mt4-id",
    "broker": "MIFX",
    "entity": "PT Monex Investindo Futures",
    "regions": [
      "ID"
    ],
    "region": "ID",
    "regionLabel": "Indonesia",
    "researchScope": "Indonesia",
    "platform": "mt4",
    "platformLabel": "MetaTrader 4",
    "terms": "Virtual practice account; platform-specific instrument inventory and execution/slippage differences not verified. The reviewed instructions explicitly offer MT4/MT5 demo selection; they do not establish every live instrument is in both demos.",
    "eligibility": "Indonesian domestic entity and Bahasa Indonesia registration flow verified. Complete demo residence/citizenship eligibility list not stated in reviewed pages; do not assume global access.",
    "evidenceNote": "Official broker documentation; see scope and remaining checks. Signup and trading not tested.",
    "sources": [
      "mifx-1",
      "mifx-2",
      "mifx-3",
      "mifx-4",
      "mifx-5"
    ],
    "visit": "mifx-3",
    "regulation": {
      "status": "Exact entity directly verified as licensed (Berizin) in current BI public register; current broker demo advertised. Desktop research only, no account opened.",
      "entity": "PT Monex Investindo Futures",
      "regulator": "Bank Indonesia (money/foreign-exchange derivatives); Bappebti record separately checked",
      "finding": "",
      "scope": "Indonesian domestic entity and Bahasa Indonesia registration flow verified. Complete demo residence/citizenship eligibility list not stated in reviewed pages; do not assume global access.",
      "sources": [
        "mifx-reg-1",
        "mifx-reg-2",
        "mifx-reg-3",
        "mifx-reg-4",
        "mifx-reg-5"
      ]
    },
    "signupLink": {
      "kind": "portal",
      "note": "Choose demo registration in the client portal (Indonesian).",
      "status": "Official entry route",
      "url": "https://client.mifx.com/login",
      "sourceUrl": "https://support.mifx.com/hc/id/articles/1500010081662-Bagaimana-Cara-Mendaftar-Akun-Demo",
      "checked": "2026-10-13",
      "tested": false
    },
    "execution": {
      "scope": "PT Monex Investindo Futures · Indonesia MT4/MT5 forex; pricing FAQ does not establish the contractual counterparty.",
      "tested": false,
      "role": {
        "value": "Requires Verification",
        "status": "Requires Verification",
        "note": "Reviewed pricing and demo FAQs do not explicitly state whether this entity acts as principal, agent or matched principal.",
        "sources": [
          "ex-c-mifx-pricing",
          "ex-c-mifx-demo"
        ],
        "checked": "2026-10-13"
      },
      "arrangement": {
        "value": "Liquidity-provider prices",
        "status": "Broker-reported",
        "note": "The July 2026 FAQ says prices follow liquidity providers in real time during trading hours. This is pricing disclosure, not proof of agency or per-order routing.",
        "sources": [
          "ex-c-mifx-pricing"
        ],
        "checked": "2026-10-13"
      },
      "demo": {
        "value": "Requires Verification",
        "status": "Requires Verification",
        "note": "MT4/MT5 demo registration is documented, but the reviewed instructions do not compare simulated slippage, rejection, liquidity or charges with live trading.",
        "sources": [
          "ex-c-mifx-demo"
        ],
        "checked": "2026-10-13"
      },
      "review": {
        "checked": "2026-10-13",
        "outcome": "Role: Requires Verification; Arrangement: Liquidity-provider prices; Demo: Requires Verification. Official documentation review only; no account or order tests.",
        "remainingChecks": [
          "Obtain the current client contract and explicit capacity clause.",
          "Obtain MT4 and MT5 demo fill/rejection/charge specifications."
        ]
      }
    },
    "markets": {
      "scope": "PT Monex Investindo Futures · Indonesia · MetaTrader 4. Market coverage not yet reviewed.",
      "tested": false,
      "forexCfd": {
        "status": "Requires Verification",
        "note": "Forex CFD demo access has not been established for this entity and platform.",
        "sources": [],
        "checked": null
      },
      "cryptoCfd": {
        "status": "Requires Verification",
        "note": "Cryptocurrency CFD demo access has not been established for this entity and platform.",
        "sources": [],
        "checked": null
      }
    },
    "api": {
      "status": "Requires Verification",
      "type": null,
      "route": "Not established for this offering",
      "note": "API access has not yet been established for this legal entity and demo platform. This does not mean it is unavailable.",
      "requirements": "Confirm the account, platform and regional requirements with the broker.",
      "sources": [],
      "docs": [],
      "checked": null,
      "tested": false
    }
  },
  "sources": {
    "ex-c-mifx-demo": {
      "title": "MIFX demo registration",
      "url": "https://support.mifx.com/hc/id/articles/1500010081662-Bagaimana-Cara-Mendaftar-Akun-Demo",
      "owner": "Broker",
      "checked": "2026-10-13",
      "locator": "Registration instructions and PENTING; no execution-equivalence details",
      "access": "Official page/PDF opened and read; no account opened or trading tested."
    },
    "ex-c-mifx-pricing": {
      "title": "MIFX spot trading and pricing FAQ",
      "url": "https://support.mifx.com/hc/id/articles/42275878108823-Apakah-Trading-di-MIFX-Termasuk-Spot-Trading",
      "owner": "Broker",
      "checked": "2026-10-13",
      "locator": "31 July 2026 article; Catatan (notes): real-time liquidity-provider prices",
      "access": "Official page/PDF opened and read; no account opened or trading tested."
    },
    "mifx-1": {
      "id": "SEA-MIFX-REG",
      "title": "Bank Indonesia — Perizinan Pasar Keuangan (search Monex)",
      "url": "https://www.bi.go.id/id/layanan/informasi-perizinan/pasar-keuangan/default.aspx",
      "owner": "Regulator: Bank Indonesia",
      "evidence": "Exact PT Monex Investindo Futures row: Pialang Berjangka Derivatif PUVA; 27/214/DPPK/Srt/B; 09 Mei 2025; Berizin; Peserta SPA.",
      "access_note": "Read live official search form with HTTP POST of public search term Monex; no account/contact submission. Saved research/bi-monex.html. Search result is not encoded in the URL."
    },
    "mifx-2": {
      "id": "SEA-MIFX-BAP",
      "title": "Bappebti — Pialang Berjangka detail 041",
      "url": "https://bappebti.go.id/pialang_berjangka/detail/041",
      "owner": "Regulator: Bappebti",
      "evidence": "Exact PT. MONEX INVESTINDO FUTURES; licence178/BAPPEBTI/SI/I/2003; SPA1273/BAPPEBTI/SP/6/2007; mifx.com website.",
      "access_note": "Web text tool failed; ordinary direct HTTP returned200 and official HTML was read. Saved research/bappebti-041.html."
    },
    "mifx-3": {
      "id": "SEA-MIFX-DEMO",
      "title": "MIFX — Bagaimana Cara Mendaftar Akun Demo?",
      "url": "https://support.mifx.com/hc/id/articles/1500010081662-Bagaimana-Cara-Mendaftar-Akun-Demo",
      "owner": "Broker",
      "evidence": "MT4/MT5 choice; app/Client Area registration; phone OTP; one demo per email; no expiry. Page updated29Dec2025.",
      "access_note": "Opened official support page."
    },
    "mifx-4": {
      "id": "SEA-MIFX-FUNDS",
      "title": "MIFX Client Area — Login / demo introduction",
      "url": "https://client.mifx.com/login",
      "owner": "Broker",
      "evidence": "Free immediately active demo, USD10,000 virtual balance and continuing access. Footer names PT Monex and BI28/127/DPPK/Srt/B.",
      "access_note": "Read public login-page content only; did not log in or register."
    },
    "mifx-5": {
      "id": "SEA-BI-TRANSFER",
      "title": "Bappebti Kemendag Alihkan Tugas Pengaturan dan Pengawasan Aset Keuangan Digital Termasuk Aset Kripto serta Derivatif Keuangan kepada OJK dan BI",
      "url": "https://www.bi.go.id/id/publikasi/ruang-media/news-release/Pages/sp_270625.aspx",
      "owner": "Regulator: Bank Indonesia",
      "evidence": "10January2025 transfer: money/FX-underlying derivatives to BI; capital-market derivatives and digital assets to OJK.",
      "access_note": "Opened official news release; used to distinguish current regulatory roles."
    },
    "mifx-reg-1": {
      "id": "SEA-MIFX-REG",
      "title": "Bank Indonesia — Perizinan Pasar Keuangan (search Monex)",
      "url": "https://www.bi.go.id/id/layanan/informasi-perizinan/pasar-keuangan/default.aspx",
      "owner": "Regulator: Bank Indonesia",
      "evidence": "Exact PT Monex Investindo Futures row: Pialang Berjangka Derivatif PUVA; 27/214/DPPK/Srt/B; 09 Mei 2025; Berizin; Peserta SPA.",
      "access_note": "Read live official search form with HTTP POST of public search term Monex; no account/contact submission. Saved research/bi-monex.html. Search result is not encoded in the URL."
    },
    "mifx-reg-2": {
      "id": "SEA-MIFX-BAP",
      "title": "Bappebti — Pialang Berjangka detail 041",
      "url": "https://bappebti.go.id/pialang_berjangka/detail/041",
      "owner": "Regulator: Bappebti",
      "evidence": "Exact PT. MONEX INVESTINDO FUTURES; licence178/BAPPEBTI/SI/I/2003; SPA1273/BAPPEBTI/SP/6/2007; mifx.com website.",
      "access_note": "Web text tool failed; ordinary direct HTTP returned200 and official HTML was read. Saved research/bappebti-041.html."
    },
    "mifx-reg-3": {
      "id": "SEA-MIFX-DEMO",
      "title": "MIFX — Bagaimana Cara Mendaftar Akun Demo?",
      "url": "https://support.mifx.com/hc/id/articles/1500010081662-Bagaimana-Cara-Mendaftar-Akun-Demo",
      "owner": "Broker",
      "evidence": "MT4/MT5 choice; app/Client Area registration; phone OTP; one demo per email; no expiry. Page updated29Dec2025.",
      "access_note": "Opened official support page."
    },
    "mifx-reg-4": {
      "id": "SEA-MIFX-FUNDS",
      "title": "MIFX Client Area — Login / demo introduction",
      "url": "https://client.mifx.com/login",
      "owner": "Broker",
      "evidence": "Free immediately active demo, USD10,000 virtual balance and continuing access. Footer names PT Monex and BI28/127/DPPK/Srt/B.",
      "access_note": "Read public login-page content only; did not log in or register."
    },
    "mifx-reg-5": {
      "id": "SEA-BI-TRANSFER",
      "title": "Bappebti Kemendag Alihkan Tugas Pengaturan dan Pengawasan Aset Keuangan Digital Termasuk Aset Kripto serta Derivatif Keuangan kepada OJK dan BI",
      "url": "https://www.bi.go.id/id/publikasi/ruang-media/news-release/Pages/sp_270625.aspx",
      "owner": "Regulator: Bank Indonesia",
      "evidence": "10January2025 transfer: money/FX-underlying derivatives to BI; capital-market derivatives and digital assets to OJK.",
      "access_note": "Opened official news release; used to distinguish current regulatory roles."
    }
  }
}