Money Mall
Basic Information
Pros and Cons
Pros
- Regulated by BAPPEBTI
- Operates under a recognized framework
- Multiple account types available
- Customer service quality appreciated
Cons
- Withdrawal issues reported
- High spreads observed
- Concerns about fund access
- Mixed reviews regarding transparency
Is Money Mall Safe and Legit?
Money Mall, registered as PT Gatra Mega Berjangka in Indonesia since 2003, operates under the regulatory framework of BAPPEBTI. With over 20 years of operational experience, it offers trading in currencies and commodities via the MT4 platform, with leverage up to 1:400 and varying spreads based on account types.
The broker is regulated in Indonesia, which provides a level of legal oversight, indicating that it operates within a recognized framework. However, potential users should remain cautious as it faces scrutiny regarding its practices and overall safety.
Money Mall has garnered mixed reviews in the market. While some users appreciate the quality of customer service and the availability of multiple account types, others have reported difficulties with withdrawals and high spreads. Community feedback indicates a recurring theme of complaints regarding fund access and transparency, highlighting the need for potential customers to conduct thorough research before engaging with the broker.
Is Money Mall a Regulated Broker?
What Are the Regulatory Licenses Held by Money Mall?
Money Mall, registered as PT Gatra Mega Berjangka in Indonesia, operates under the regulatory framework of BAPPEBTI. This regulation indicates that the broker is subject to legal oversight within Indonesia, a recognized financial jurisdiction. However, potential users should remain cautious as the broker has faced scrutiny regarding its practices and overall safety. The regulatory status implies that it is not an offshore entity, but it is essential for traders to conduct thorough research before engaging with the broker, considering the mixed reviews regarding fund access and transparency.
Client Fund Segregation: Your Ultimate Safeguard
Capital Protection Measures
Money Mall prioritizes the protection of client funds by ensuring that they are held in independently regulated bank accounts, separate from the broker’s own assets. This practice aligns with the regulatory framework set by BAPPEBTI, promoting transparency and security for traders.
Money Mall Leverage
Money Mall offers maximum leverage of up to 1:400 for its accounts, which complies with the legal limits established in Indonesia. The broker provides different leverage options based on account types, catering to both retail and professional clients to accommodate their trading strategies.
Money Mall Withdrawal Review
How to Contact Money Mall?
Does Money Mall Have Withdrawal Issues?
Money Mall has received mixed reviews, with a notable number of complaints focused on withdrawal issues. Users have reported difficulties accessing their funds, leading to frustrations regarding transparency and reliability. Complaints often stem from credible sources, including user feedback on trading forums. The broker’s response to these complaints appears to vary, with some users noting delays in resolution. There are repetitive complaints regarding fund access, but there have been no public records indicating regulatory penalties or warnings specifically related to these issues. Overall, potential customers should approach with caution due to the concerns raised.
Frequently Asked Questions
A1: Yes, Money Mall, registered as PT Gatra Mega Berjangka in Indonesia, operates under the regulatory framework of BAPPEBTI. However, potential users should exercise caution due to mixed reviews regarding its practices and overall safety.
A2: Money Mall is regulated by BAPPEBTI, which signifies that it operates within a recognized legal framework in Indonesia. This regulatory oversight is important for ensuring the broker’s legitimacy.
A3: Money Mall prioritizes client fund protection by ensuring that funds are held in separately regulated bank accounts, compliant with the requirements of BAPPEBTI. This practice promotes transparency and security for traders.
A4: Yes, Money Mall has received mixed reviews, with several users expressing concerns about difficulties accessing their funds, which has led to frustrations regarding transparency and reliability.
A5: You can reach Money Mall’s customer service by phone at +62 31 58282962 or via email at info@moneymallfutures.com. They also have a website where additional information may be available.
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Risk Disclosure
Trading forex/CFDs via brokers carries high risks, including potential total loss. For any data changes, please refer to the latest information on the brokers' official websites. Trade with caution and seek independent advice.