Mahadana Review - Is It a Reliable Forex Broker? - WikiFX

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.

Pros and Cons

Is Mahadana Safe and Legit?

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

Regulated Country	Regulated Authority	Current Status	Regulated Entity	License Type	License Number
	Badan Pengawas Perdagangan Berjangka Komoditi Kementerian Perdagangan (BAPPEBTI)	Regulated	PT. Mahadana Asta Berjangka	Retail Forex License	834/BAPPEBTI/PN/11/2005

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.

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

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.