# MIFX — MetaTrader 4 Indonesia research scope · PT Monex Investindo Futures. Documentation reviewed. Reference page: /demo-accounts/mifx-mt4-id.html 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. ## Research checked 2026-10-12 ## Testing status Not tested ## Recorded virtual amount Requires Verification ## Recorded currency Requires Verification ## Virtual funds USD 10,000 ## Balance qualifications USD 10,000 virtual starting funds. Reset/top-up terms not verified. ## Expiry category none ## Expiry rule No fixed expiry ## Expiry qualifications No expiry; one demo account per registered email according to official support article updated 29 December 2025. ## Evidence category Documentation reviewed ## Signup requirements 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. ## Notes and remaining checks 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. ## Record ID mifx-mt4-id ## Broker MIFX ## Legal entity PT Monex Investindo Futures ## Research region codes - ID ## Research region code ID ## Research region Indonesia ## Research scope Indonesia ## Platform code mt4 ## Platform MetaTrader 4 ## Documented 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 and regional limits 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. ## What the evidence establishes Official broker documentation; see scope and remaining checks. Signup and trading not tested. ## Supporting sources - [Bank Indonesia — Perizinan Pasar Keuangan (search Monex)]() — source ID: mifx-1 - [Bappebti — Pialang Berjangka detail 041]() — source ID: mifx-2 - [MIFX — Bagaimana Cara Mendaftar Akun Demo?]() — source ID: mifx-3 - [MIFX Client Area — Login / demo introduction]() — source ID: mifx-4 - [Bappebti Kemendag Alihkan Tugas Pengaturan dan Pengawasan Aset Keuangan Digital Termasuk Aset Kripto serta Derivatif Keuangan kepada OJK dan BI]() — source ID: mifx-5 ## Official information source [MIFX — Bagaimana Cara Mendaftar Akun Demo?]() ## Entity and regulatory research ### Evidence status Exact entity directly verified as licensed (Berizin) in current BI public register; current broker demo advertised. Desktop research only, no account opened. ### Legal 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. ### Supporting sources - [Bank Indonesia — Perizinan Pasar Keuangan (search Monex)]() — source ID: mifx-reg-1 - [Bappebti — Pialang Berjangka detail 041]() — source ID: mifx-reg-2 - [MIFX — Bagaimana Cara Mendaftar Akun Demo?]() — source ID: mifx-reg-3 - [MIFX Client Area — Login / demo introduction]() — source ID: mifx-reg-4 - [Bappebti Kemendag Alihkan Tugas Pengaturan dan Pengawasan Aset Keuangan Digital Termasuk Aset Kripto serta Derivatif Keuangan kepada OJK dan BI]() — source ID: mifx-reg-5 ## Official entry route ### Route type portal ### Notes and remaining checks Choose demo registration in the client portal (Indonesian). ### Evidence status Official entry route ### URL https://client.mifx.com/login ### Route source https://support.mifx.com/hc/id/articles/1500010081662-Bagaimana-Cara-Mendaftar-Akun-Demo ### Research checked 2026-10-13 ### Testing status Not tested ## Execution and demo realism ### Scope PT Monex Investindo Futures · Indonesia MT4/MT5 Forex; pricing FAQ does not establish the contractual counterparty. ### Testing status Not tested ### Contractual role #### Finding Requires Verification #### Evidence status Requires Verification #### Notes and remaining checks Reviewed pricing and demo FAQs do not explicitly state whether this entity acts as principal, agent or matched principal. #### Supporting sources - [MIFX spot trading and pricing FAQ]() — source ID: ex-c-mifx-pricing - [MIFX demo registration]() — source ID: ex-c-mifx-demo #### Research checked 2026-10-13 ### Execution arrangement #### Finding Liquidity-provider prices #### Evidence status Broker-reported #### Notes and remaining checks 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. #### Supporting sources - [MIFX spot trading and pricing FAQ]() — source ID: ex-c-mifx-pricing #### Research checked 2026-10-13 ### Demo realism #### Finding Requires Verification #### Evidence status Requires Verification #### Notes and remaining checks MT4/MT5 demo registration is documented, but the reviewed instructions do not compare simulated slippage, rejection, liquidity or charges with live trading. #### Supporting sources - [MIFX demo registration]() — source ID: ex-c-mifx-demo #### Research checked 2026-10-13 ### Research review #### Research checked 2026-10-13 #### Review outcome Role: Requires Verification; Arrangement: Liquidity-provider prices; Demo: Requires Verification. Official documentation review only; no account or order tests. #### Remaining checks - Obtain the current client contract and explicit capacity clause. - Obtain MT4 and MT5 demo fill/rejection/charge specifications. ## Demo markets ### Scope PT Monex Investindo Futures · Indonesia · MetaTrader 4. Market coverage not yet reviewed. ### Testing status Not tested ### Forex CFDs #### Evidence status Requires Verification #### Notes and remaining checks Forex CFD demo access has not been established for this entity and platform. #### Supporting sources No supporting source recorded for this field. #### Research checked Requires Verification ### Cryptocurrency CFDs #### Evidence status Requires Verification #### Notes and remaining checks Cryptocurrency CFD demo access has not been established for this entity and platform. #### Supporting sources No supporting source recorded for this field. #### Research checked Requires Verification ## API access ### Evidence status Requires Verification ### Type Requires Verification ### Access route Not established for this offering ### Notes and remaining checks 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. ### Supporting sources No supporting source recorded for this field. ### Official documentation No supporting source recorded for this field. ### Research checked Requires Verification ### Testing status Not tested ## Official sources ### MIFX demo registration Source ID: ex-c-mifx-demo https://support.mifx.com/hc/id/articles/1500010081662-Bagaimana-Cara-Mendaftar-Akun-Demo #### Source owner Broker #### Research checked 2026-10-13 #### Source locator Registration instructions and PENTING; no execution-equivalence details #### Source access note Official page/PDF opened and read; no account opened or trading tested. ### MIFX spot trading and pricing FAQ Source ID: ex-c-mifx-pricing https://support.mifx.com/hc/id/articles/42275878108823-Apakah-Trading-di-MIFX-Termasuk-Spot-Trading #### Source owner Broker #### Research checked 2026-10-13 #### Source locator 31 July 2026 article; Catatan (notes): real-time liquidity-provider prices #### Source access note Official page/PDF opened and read; no account opened or trading tested. ### Bank Indonesia — Perizinan Pasar Keuangan (search Monex) Source ID: mifx-1 https://www.bi.go.id/id/layanan/informasi-perizinan/pasar-keuangan/default.aspx #### Source owner Regulator: Bank Indonesia #### Evidence category Exact PT Monex Investindo Futures row: Pialang Berjangka Derivatif PUVA; 27/214/DPPK/Srt/B; 09 Mei 2025; Berizin; Peserta SPA. #### Source 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. ### Bappebti — Pialang Berjangka detail 041 Source ID: mifx-2 https://bappebti.go.id/pialang_berjangka/detail/041 #### Source owner Regulator: Bappebti #### Evidence category Exact PT. MONEX INVESTINDO FUTURES; licence178/BAPPEBTI/SI/I/2003; SPA1273/BAPPEBTI/SP/6/2007; mifx.com website. #### Source access note Web text tool failed; ordinary direct HTTP returned200 and official HTML was read. Saved research/bappebti-041.html. ### MIFX — Bagaimana Cara Mendaftar Akun Demo? Source ID: mifx-3 https://support.mifx.com/hc/id/articles/1500010081662-Bagaimana-Cara-Mendaftar-Akun-Demo #### Source owner Broker #### Evidence category MT4/MT5 choice; app/Client Area registration; phone OTP; one demo per email; no expiry. Page updated29Dec2025. #### Source access note Opened official support page. ### MIFX Client Area — Login / demo introduction Source ID: mifx-4 https://client.mifx.com/login #### Source owner Broker #### Evidence category Free immediately active demo, USD10,000 virtual balance and continuing access. Footer names PT Monex and BI28/127/DPPK/Srt/B. #### Source access note Read public login-page content only; did not log in or register. ### Bappebti Kemendag Alihkan Tugas Pengaturan dan Pengawasan Aset Keuangan Digital Termasuk Aset Kripto serta Derivatif Keuangan kepada OJK dan BI Source ID: mifx-5 https://www.bi.go.id/id/publikasi/ruang-media/news-release/Pages/sp_270625.aspx #### Source owner Regulator: Bank Indonesia #### Evidence category 10January2025 transfer: money/FX-underlying derivatives to BI; capital-market derivatives and digital assets to OJK. #### Source access note Opened official news release; used to distinguish current regulatory roles. ### Bank Indonesia — Perizinan Pasar Keuangan (search Monex) Source ID: mifx-reg-1 https://www.bi.go.id/id/layanan/informasi-perizinan/pasar-keuangan/default.aspx #### Source owner Regulator: Bank Indonesia #### Evidence category Exact PT Monex Investindo Futures row: Pialang Berjangka Derivatif PUVA; 27/214/DPPK/Srt/B; 09 Mei 2025; Berizin; Peserta SPA. #### Source 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. ### Bappebti — Pialang Berjangka detail 041 Source ID: mifx-reg-2 https://bappebti.go.id/pialang_berjangka/detail/041 #### Source owner Regulator: Bappebti #### Evidence category Exact PT. MONEX INVESTINDO FUTURES; licence178/BAPPEBTI/SI/I/2003; SPA1273/BAPPEBTI/SP/6/2007; mifx.com website. #### Source access note Web text tool failed; ordinary direct HTTP returned200 and official HTML was read. Saved research/bappebti-041.html. ### MIFX — Bagaimana Cara Mendaftar Akun Demo? Source ID: mifx-reg-3 https://support.mifx.com/hc/id/articles/1500010081662-Bagaimana-Cara-Mendaftar-Akun-Demo #### Source owner Broker #### Evidence category MT4/MT5 choice; app/Client Area registration; phone OTP; one demo per email; no expiry. Page updated29Dec2025. #### Source access note Opened official support page. ### MIFX Client Area — Login / demo introduction Source ID: mifx-reg-4 https://client.mifx.com/login #### Source owner Broker #### Evidence category Free immediately active demo, USD10,000 virtual balance and continuing access. Footer names PT Monex and BI28/127/DPPK/Srt/B. #### Source access note Read public login-page content only; did not log in or register. ### Bappebti Kemendag Alihkan Tugas Pengaturan dan Pengawasan Aset Keuangan Digital Termasuk Aset Kripto serta Derivatif Keuangan kepada OJK dan BI Source ID: mifx-reg-5 https://www.bi.go.id/id/publikasi/ruang-media/news-release/Pages/sp_270625.aspx #### Source owner Regulator: Bank Indonesia #### Evidence category 10January2025 transfer: money/FX-underlying derivatives to BI; capital-market derivatives and digital assets to OJK. #### Source access note Opened official news release; used to distinguish current regulatory roles.