MIFX — MetaTrader 5

Account conditions

Research checked

2026-10-12

Testing status

Not tested

Recorded virtual amount

Requires Verification

Recorded currency

Requires Verification

Expiry category

none

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-mt5-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

mt5

Platform

MetaTrader 5

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.

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)
• Bappebti — Pialang Berjangka detail 041
• MIFX — Bagaimana Cara Mendaftar Akun Demo?
• MIFX Client Area — Login / demo introduction
• Bappebti Kemendag Alihkan Tugas Pengaturan dan Pengawasan Aset Keuangan Digital Termasuk Aset Kripto serta Derivatif Keuangan kepada OJK dan BI

Official information source

MIFX — Bagaimana Cara Mendaftar Akun Demo?

Official entry route

Open registration portal

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

Contractual capacity and execution arrangement are separate. ECN/STP labels do not establish agency. Simulated fills do not verify live execution quality.

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
• MIFX demo registration

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

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

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 5. 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

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)
• Bappebti — Pialang Berjangka detail 041
• MIFX — Bagaimana Cara Mendaftar Akun Demo?
• MIFX Client Area — Login / demo introduction
• Bappebti Kemendag Alihkan Tugas Pengaturan dan Pengawasan Aset Keuangan Digital Termasuk Aset Kripto serta Derivatif Keuangan kepada OJK dan BI

Reading the evidence

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.

Official sources