Mahadana Forex Broker

Mahadana Review SummaryFounded2005Registered Country/RegionIndonesiaRegulationBAPPEBTIMarket InstrumentsLoco London Gold, Stock Index Futures, and ForexDemo Account❌Leverage/Spread/Trading PlatformMetaTrader 4 (MT4)Minimum Deposit/Customer SupportContact formPhone: +620212506633Email: cs@mahadana.co.idAddress: AXA Tower, 32nd & 29th Floor, Jl. Prof. Dr. Satrio Kav. 18, South Jakarta, DKI Jakarta 12940Graha 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 and ConsPros Cons Regulated by BAPPEBTILimited info on accountsDiverse customer support channelsLimited info on trading feesMT5 platformNo demo accountsIs Mahadana Safe and Legit? Yes, Mahadana is regulated under the Badan Pengawas Perdagangan Berjangka Komoditi Kementerian Perdagangan (BAPPEBTI).Regulated CountryRegulated AuthorityCurrent StatusRegulated EntityLicense TypeLicense NumberBadan Pengawas Perdagangan Berjangka Komoditi Kementerian Perdagangan (BAPPEBTI)Regulated PT. Mahadana Asta BerjangkaRetail Forex License834/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.Tradable Instruments Supported Forex✔Loco London Gold✔Stock Index Futures✔Cryptocurrencies❌Bonds❌Options❌ETFs❌Mutual Funds❌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 PlatformTrading PlatformSupported Available Devices Suitable for MT4✔WindowsBeginnersMT5❌/Experienced tradersDeposit 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.