Score
Indonesia
|
5-10 years
| http://www.mahadana.co.id/
Website
Rating Index
MT4/5
Full License
Mahadana-Primary
Influence
D
Influence index NO.1
Indonesia 2.71
MT4/5 Identification
Full License
IndonesiaInfluence
D
Influence index NO.1
Indonesia 2.71
Licenses
Single Core
1G
40G
1M*ADSL
Indonesia
Formal full license MT4/5 traders will have sound system services and follow-up technical support. Generally, their business and technology are relatively mature and their risk control capabilities are strong
VIP is not activated.
| Mahadana Review Summary | |
| Founded | 2005 |
| Registered Country/Region | Indonesia |
| Regulation | BAPPEBTI |
| Market Instruments | Loco London Gold, Stock Index Futures, and Forex |
| Demo Account | ❌ |
| Leverage | / |
| Spread | / |
| Trading Platform | MetaTrader 4 (MT4) |
| Minimum Deposit | / |
| Customer Support | Contact 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.
| Pros | Cons |
| Regulated by BAPPEBTI | Limited info on accounts |
| Diverse customer support channels | Limited info on trading fees |
| MT5 platform | No demo accounts |
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.
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 | ❌ |
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 | Supported | Available Devices | Suitable for |
| MT4 | ✔ | Windows | Beginners |
| MT5 | ❌ | / | Experienced traders |
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.
Yes, Mahadana is regulated by BAPPEBTI, which provides a certain level of safety and legitimacy. The fact that the broker offers segregated accounts adds another layer of protection for my funds, as it ensures they are not used for the company's operational purposes. However, the lack of regulation from major international authorities means I remain cautious about the level of protection offered to non-local traders.
Yes, Mahadana offers Islamic accounts upon request, which is an important feature for me as a trader who follows Islamic principles. However, it’s disappointing that they don’t provide a demo account, as I usually like to practice before trading with real money.
Mahadana offers a variety of instruments, including forex, Loco London Gold, and Stock Index Futures, which is great for traders like me who want to diversify. However, the absence of cryptocurrencies, bonds, and ETFs is a bit of a downside, as these are increasingly popular markets.
Mahadana Asta Berjangka offers competitive spreads, with the Standard Account starting from 1.5 pips, which is fairly typical in the industry. While they don’t charge any deposit fees, I was a bit disappointed that they don’t provide full transparency on other potential costs like withdrawal fees or commissions on certain accounts. It’s something I’d check with customer support for further clarification.
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