Welcome to PT. Millennium Penata Futures | Forex | Indices

Frequently Asked Question

1. How do I open an account?

You can apply for an account online using the account application right now, or we can email you the Client Application Form to fill in at your leisure. In either case, you must send us the original signed form through the mail (along with the additional documentation requested on form).

We will then validate your application and contact you when your account is open. This normally takes two working days from when we receive your application. To speed the up the process, you can also send us a copy of your application via fax. We will then process your application while waiting for your original signed copies to arrive by mail.

We will notify you by email as soon as your account is open.

2. How do I find out about the status of my account application?

Once all account application materials have been received at IB, the application will be reviewed and a decision will be made to either accept or decline the account. An e-mail will be sent to the applicant informing them of the decision, the login and password (should the application be accepted).

In addition, you may call the branch closest to you to find information about your application.

3. What is the minimum account size?

A minimum sum of USD 5000 is required to open an online trading account.

4. How do I fund my account?

We receive fund payments through wire transfer to the following bank account number:

BCA Sudirman
IDR wire transfer account number: 035.311.5771
USD wire transfer account number: 035.311.0397

5. Can I fund an account in a different currency than the base currency?

Unfortunately, we only accept fund in the form of USD or IDR.

6. Can I transfer money between different accounts?

If the accounts belong to you (under the same name), yes, you may switch money between accounts. Please do notify us about the switch when you deposit fund to us.

7. Is my account insured?

Yes, your fund is depositted to a segregated account meaning that your fund is separated from our operational bank account.

8. What are you trading costs and spreads?

By default, trading cost of USD 50 is applied for every 1 lot settled. Three-pip spread applies for most FX accounts and five-pip spread applies for most Index accounts.

9. What security do I have, investing through Millennium?

PT. Millennium Penata Futures is officially registered at Jakarta Futures Exchange and Indonesian Derivatives Clearing House. Both of the named parties regularly conduct audits on all Indonesian registered brokerage company, including PT. Millennium Penata Futures.

10. How long does it take for my fund transfer to be added to my trading account?

Deposits normally take between 5-10 minutes after we have confirmed that they money is received by our end. However, we cannot control how long does it take for your bank to transfer the fund to our bank account.

11. How do I withdraw fund from my trading account to my bank account?

Kindly notify your opening branch to withdraw portion or all fund from your trading account to your bank account. Do notice that withdrawal request can only be done during business days from 08.00 to 11.00 WIB.

Withdrawal request can only be done by the same person ( no proxies are allowed), and the fund can only be transferred to the bank account beneficiary matching the trading account name.

12. How dangerous is trading in FX and Indices?

Trading in FX and Indices is safe as long as you know what you are doing. Please be aware that trading in FX and Indices have substancial risks involved, you may lost more than your initial deposit under certain circumstances. Therefore, we advise you to put as much time as possible trading in our demo accounts. Our demo accounts should provide you with a real-life simulation of online trading, it's risks, and any profits/loss involved.

We also strongly suggest that you put extreme caution and suspicion for any party offering you fixed profit/income. There is no guarantee whatsoever that trading in FX and Indices generates fixed profit/income.

13. Do you have managed fund accounts?

No, we do not have managed fund accounts.

14. What products will I able to trade?

Index: Nikkei, Kospi, Hangseng
Forex: All major rates and cross rates

Click here to view our full product list.

15. How do I trade Millennium's Product?

All of our tradings are done through the uses of custom internet-based application named Millennium Trader 4. In the events that you are unable to connect to the internet but wishes to trade, you may call dealing centre to DQ by phone. Certain conditions and charges may apply for DQ by phone.

16. How secure is trading through Millennium Trader?

Data exchange between the Client Terminal and the server is performed by encryption based on 128-bit keys. This is sufficient to ensure security of trading. However, besides this system, terminal allows to use one more system: Advanced Security system based on digital signature algorithm of RSA. It is an asymmetric encryption algorithm that implies presence of a public and a private key.

Public key can be freely distributed and used for checking the authenticity of a message signed with a private key. Knowing the public key is guaranteed not to be possible basis for decoding of the private one within an acceptable period of time. Decoding of the private key on the basis of the public one will take dozens of years even with modern powerful computers.

17. What service will I receive as a client of Millennium?

Our customer services are available 24/5 to cater all your needs.

18. What regional support is available from Millennium?

We have customer service ready to provide you assistance in three different languages. For chinese-speaking customer service, you may contact us during office hours. Our English-speaking and Bahasa Indonesia-speaking customer service is on standby for 24 hours from Monday to Friday.

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PT. MILLENNIUM
PENATA FUTURES

Menara Kebon Sirih,
20-21th Floor Jakarta,
10340 INDONESIA

Ph: +6221 392 9929
Fax: +6221 392 1315

TOLL FREE
0-800-123-MPFX (6739)

Email: info@mpf.co.id

Blackberry PIN: 224A9D56

Brokerage Permit License: 188/BAPPEBTI/SI/II/2003

Disclaimer

This website contains information regarding the services and products of PT. Millennium Penata Futures.

This material is provided for information purposes only and no information contained herein constitutes a solicitation for the purpose of purchase or sale of any commodity, security or investment, nor should it serve as the basis for any investment decision.

PT. Millennium Penata Futures does not guarantee the accuracy or completeness of any information or analysis supplied and shall not be liable to any customer or third person for the accuracy of the information or any market quotations supplied through this service to a customer, nor for any delays, inaccuracies, errors, interruptions or omissions in the furnishing thereof, for any direct or consequential damages arising from or occasioned by said delays, inaccuracies, errors, interruptions or omissions, or for any discontinuance of the service.

Accessing this website in no way renders the user a customer of PT. Millennium Penata Futures, therefore PT. Millennium Penata Futures shall have no obligation whatsoever to any person accessing this site.

Foreign exchange, futures, options, stocks and other financial trading can result in losses as well as profits.

This website in no way takes into account special investment goals, the financial situation or specific requirements of individual users and any person wishing to trade should carefully consider their financial situation prior to making any investment or entering into any transactions.

The PT. Millennium Penata Futures website can be accessed worldwide, however, it may be the case that the financial instruments described are not legally permitted for all investor groups in all areas of the globe and that access to this website may be subject to legal restrictions. Users to whom such legal restriction apply are not permitted to access this website and PT. Millennium Penata Futures accepts no responsibility for anyone accessing this site contrary to any relevant legal restrictions.

PT. Millennium Penata Futures accepts no responsibility or liability for the contents of any other site, whether linked to this site or not, or any consequences from your acting upon the contents of another site.

Leveraged Futures and Foreign Exchange ("Forex") trading carries a high degree of risk. The amount of initial margin is small relative to the value of the position so that transactions are ‘leveraged’ or ‘geared’. A relatively small market movement will have a proportionately larger impact on the funds you have deposited. You may sustain a total loss of initial margin funds and any additional funds deposited with PT. Millennium Penata Futures to maintain your position.

You should carefully consider whether trading Futures and/or Foreign Exchange is appropriate for you in light of your experience, objectives, financial resources and other circumstances. PT. Millennium Penata Futures offers trading in Futuress market indices, and futures prices; not trading in the underlying instruments themselves. Futures trading with PT. Millennium Penata Futures therefore does not entitle the Trader to dividends, delivery, or possibly certain other characteristics of buying or selling the underlying instrument.

Please make sure you have read and understood all disclaimers and information in PT. Millennium Penata Futures account opening forms before commencing trading.

PT. Millennium Penata Futures’s services are not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation. It is the responsibility of the customer to ascertain the terms of and comply with any local law or regulation to which they are subject.