Score

5.74 /10
Average

Mahadana

Indonesia

5-10 years

Regulated in Indonesia

Retail Forex License

Suspicious Scope of Business

D

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Score

Regulatory Index4.94

Business Index7.35

Risk Management Index9.68

Software Index4.44

License Index4.94

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Mahadana · Company summary
Mahadana Review Summary
Founded2005
Registered Country/RegionIndonesia
RegulationBAPPEBTI
Market InstrumentsLoco London Gold, Stock Index Futures, and Forex
Demo Account
Leverage/
Spread/
Trading PlatformMetaTrader 4 (MT4)
Minimum Deposit/
Customer SupportContact form
Phone: +620212506633
Email: cs@mahadana.co.id
Address: AXA Tower, 32nd & 29th Floor, Jl. Prof. Dr. Satrio Kav. 18, South Jakarta, DKI Jakarta 12940
Graha Aktiva Lt.9, Jln. HR Rasuna Said, South Jakarta, DKI Jakarta 12950

Founded in 2005 and registered in Indonesia, Mahadana is a regulated brokerage firm overseen by BAPPEBTI (Badan Pengawas Perdagangan Berjangka Komoditi). It offers market instruments including Loco London Gold, Stock Index Futures, and Forexon the MetaTrader 4 (MT4) platform. What's more, the firm provides segregated client accounts.

Mahadana's homepage

Pros and Cons

Pros Cons
Regulated by BAPPEBTILimited info on accounts
Diverse customer support channelsLimited info on trading fees
MT5 platformNo demo accounts

Is Mahadana Safe and Legit?

Yes, Mahadana is regulated under the Badan Pengawas Perdagangan Berjangka Komoditi Kementerian Perdagangan (BAPPEBTI).

Regulated CountryRegulated AuthorityCurrent StatusRegulated EntityLicense TypeLicense Number
Indonesia
Badan Pengawas Perdagangan Berjangka Komoditi Kementerian Perdagangan (BAPPEBTI)Regulated PT. Mahadana Asta BerjangkaRetail Forex License834/BAPPEBTI/PN/11/2005
Regulated by BAPPEBTI

Besides, Mahadana provides a Segregated Account which can only be used to settle obligations arising from the customer's transaction request. In other words, the broker does not have the legal authority to use customer funds as part of the company's assets, and these segregated accounts are directly supervised by Bappebti.

What Can I Trade on Mahadana?

On Mahadana, you can trade with Loco London Gold, Stock Index Futures, and Forex.

Tradable Instruments Supported
Forex
Loco London Gold
Stock Index Futures
Cryptocurrencies
Bonds
Options
ETFs
Mutual Funds
What Can I Trade on Mahadana?

How to Open a Mahadana Account?

The first way is to fill out the transaction account opening form and customer agreement using a printed book, while the second way is to fill in all the data and approval for the transaction account opening electronically online through the Client Area.

Trading Platform

Trading PlatformSupported Available Devices Suitable for
MT4WindowsBeginners
MT5/Experienced traders
MT4

Deposit and Withdrawal

To make a deposit on the transaction account, the Customer only needs to make an interbank transfer to the PT. Mahadana Asta Berjangka by including the account number information when making the transfer and informing the deposit to PT. Mahadana Asta Futures. After the deposit information is received, PT. MAB will immediately check and book the deposit in the Customer's transaction account if there is a goodfund.

Customers can withdraw investment funds contained in their transaction account at any time on weekdays. PT. Mahadana Asta Berjangka will carry out the transfer process of withdrawing the funds for a maximum of D+2 from the withdrawal time that has been made by the Customer.

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涛哥33986
more than one year
No puedo entender el contenido de su sitio web. Será mejor que busque un broker en español, o al menos uno en inglés. Tal vez algunos servicios buenos están exclusivos para los residentes locales.
No puedo entender el contenido de su sitio web. Será mejor que busque un broker en español, o al menos uno en inglés. Tal vez algunos servicios buenos están exclusivos para los residentes locales.
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2022-11-25 17:29
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FX1041474169
more than one year
Another broker that only offers Indonesia support. I just want to test their trading condition on the MT4, but I can’t understand their website contents clearly, even though Google Translate has helped me a lot.
Another broker that only offers Indonesia support. I just want to test their trading condition on the MT4, but I can’t understand their website contents clearly, even though Google Translate has helped me a lot.
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2022-11-22 18:42
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