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MAHADANA logo

MAHADANA

No Regulation
Indonesia
Since 2005
Last Updated:

Trading Conditions

Min Deposit:
N/A
Max Leverage:
100
Account Types
N/A

Official website

mahadana.co.id

Online · checked Sep 10, 2026

Funding Methods

5 methods

Bank Transfer (Domestic Indonesian Banks)

bank transfer
Up to 2 hours
Fee:Free
Fee:Free

Credit/Debit Cards (Visa/Mastercard)

credit card
Instant
Fee:1.5%
Fee:Not recorded

E-Wallets (OVO, DANA, GoPay, LinkAja, ShopeePay)

e wallet
Instant
Fee:Free
Fee:Free

Crypto (Bitcoin, USDT, Ethereum)

crypto
Up to 1 hour
Fee:Free
Fee:Free

Wire Transfer (International)

wire transfer
Up to 3 days
Fee:$25
Fee:$25

Trust rating

High risk

44 out of 100 · 59% checked· Provisional

Too little of its record has been checked.

Regulation—Not shown

We checked MAHADANA on 2026-10-26 across its company record, client terms, trading offer and service, and could verify 59% of its record. The score of 44 is what the checked record adds up to; nothing held it down. The rating stays provisional until more of the record is verified. What would move the score: verified age, transparency, policy risk. No investigation has been published yet, so complaints and reputation are unknown. Its client terms have not been reviewed yet.

Score last calculated 2026/10/26

No regulation
Your deposit is not protected by any financial authority.
What this means

Company Information

Full Name:PT. Mahadana Asta Berjangka
Founded:2005
Headquarters:Indonesia
Enterprise Offices:1offices

Customer Support

Phone:
—
Live Chat:
Available
Response Time:
—
Languages:
English
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Editorial review
Updated

Broker Summary

What Wikilix has recorded about MAHADANA: its history, the licences it holds, its trading conditions and its fees.

Introduction of MAHADANA

The world of currency trading can be fast-moving, risky, and complex. However, any trader needs to choose a broker they can rely on to provide the best possible trading experience. Mahadana Asta Berjangka, or Mahadana as most people know it, has been around since 2004 and has grown significantly in Indonesia's Futures trading sector over the years. They specialize in Futures, Derivatives, Commodities, Foreign Exchange, and other asset classes. In today's changing financial environment, understanding Mahadana's services, regulatory compliance, and trading conditions is very important for a trader.

Background and History

Mahadana was established to accommodate the demand for properly regulated Futures trading services in Indonesia and has continued to develop its client base by providing clients with an extensive selection of Futures trading options available within various asset classes using advanced technological systems to facilitate efficient trading over the course of the nearly 20 years that Mahadana has been in business. Several things contribute to Mahadana's ability to remain in business for such an extended period, including compliance and client service.

Key Features and Offerings of MAHADANA

The wide variety of trading instruments offered by Mahadana allows traders to invest across many asset classes (e.g., stocks, indices, and commodities). This variety of options will enable traders to diversify their portfolios and take advantage of price changes across multiple markets. Additionally, Mahadana allows its clients to trade through the MetaTrader 4 platform, which offers features that will help beginner and experienced traders trade successfully. Mahadana can provide its trader clients with a flexible trading environment that includes all the features both beginners and experienced traders need.

Regulatory Compliance and Licensing

As previously mentioned, one of Mahadana's primary strengths is its regulatory compliance. Mahadana is regulated and registered with BAPPEBTI, the regulatory authority responsible for overseeing Futures Trading in Indonesia, which provides Mahadana with the assurance that it is operating within a regulatory framework designed to protect all Futures traders and maintain the integrity of the Futures Trading industry. Mahadana is also required to comply with rules on the separation of client funds, transparency of client transactions, and risk management; therefore, it has created a safe and secure trading environment for all its clients.

Regulator

License Number

Status

BAPPEBTI (Indonesia)

Registered Member

Active

Trading Conditions & Technology

 

The trading conditions of Mahadana Trading are designed to meet the needs of a broad range of traders, from novice to experienced professionals—unfortunately, Mohammed A. Al Asad is unable to provide comprehensive details on its spreads, leverage and minimum deposit requirements via the internet; however, he has established a relationship with MetaTrader 4, which is recommended for use in the trading industry due to its fast execution speed and access to a comprehensive range of technical analysis tools and charts.

Due to MT4's popularity, it is a common choice for many futures and Forex traders.

Feature

Description

Trading Platform

MetaTrader 4 (MT4)

Asset Classes

Stock index futures, Gold (Loco London), Forex

Leverage

Not publicly disclosed

Minimum Deposit

Not publicly disclosed

Spreads

Not publicly disclosed

Fee Structure

Transparent fee structures are critical for traders to understand their cost of trading. Unfortunately, detailed information regarding Mahadana’s deposit fees, withdrawal fees, commissions, or other charges is not readily available from public sources. Traders interested in these specifics are encouraged to contact Mahadana directly or consult their official website for the most accurate and up-to-date fee information.

 

Customer Reviews and Reputation

While there are not many customer reviews available for Mahadana, their lengthy history in business and compliance with regulations indicate they have a solid foundation of successful operations. Traders, on the whole, prefer brokers that offer regulatory oversight and reliability in their trading platforms. Mahadana provides both.

Mahadana is unique in that it is a futures and derivatives broker. Therefore, Mahadana occupies a niche market that focuses specifically on Indonesia. By catering to this type of clientele, Mahadana can provide traders with customized service and assistance when trading these asset classes.

 

Updates

Generally speaking, there have not been any documented updates for Mahadana for 2024/2025. Therefore, prospective and existing clients of Mahadana should contact them directly for the most current information regarding this time period.

 

Conclusions

Mahadana Asta Berjangka is a well-known, regulated futures brokerage firm in Indonesia's financial markets. Starting in 2004 and still operating today, they provide access to major asset types, including stock index futures, gold, and foreign exchange. As regulated by BAPPEBTI, Mahadana's clients are guaranteed to trade within a safe, compliant environment, which helps to establish trust and instill confidence in the marketplace.

Although specific fees and trading conditions have not been released publicly, Mahadana remains a leading choice for traders interested in futures and derivatives trading in Indonesia. Interested parties should contact them for further information on trading conditions.

Regulation check

Regulatory Licenses

We have not confirmed any regulation for MAHADANA. Money deposited with an unregulated broker is protected only by the company itself.

No regulation

Trading with an unregulated broker puts your deposit at risk.

No regulation

We have not confirmed any regulation for MAHADANA. An unregulated broker is not supervised by a financial authority, and money you deposit is protected only by the company itself.

What this means for you

  • No compensation scheme covers your funds.
  • No regulator to escalate a complaint to.
  • No audit of how client money is held.
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Deposits & withdrawals

Funding Methods

5 ways to fund an account. 3 with no deposit fee. 2 credit instantly. The costliest way in is Wire Transfer (International) at USD 25.

5 methods
MethodDeposit feeWithdrawal feeMin depositWithdrawal min / maxProcessing
Bank Transfer (Domestic Indonesian Banks)Bank TransferFor local banks onlyFreeFreeIDR 100,000IDR 100,000IDR 1,000,000,000Up to 2 hours
Credit/Debit Cards (Visa/Mastercard)Credit CardDeposit only, no withdrawal support1.5%Not recordedIDR 100,000Not recordedNot recordedInstant
E-Wallets (OVO, DANA, GoPay, LinkAja, ShopeePay)E-Wallet
Withdrawals must be to the same e-wallet used for deposit; only for Indonesian residents
FreeFreeIDR 50,000IDR 50,000IDR 50,000,000Instant
Crypto (Bitcoin, USDT, Ethereum)CryptocurrencyWithdrawal must be to the same crypto wallet used for depositFreeFreeIDR 100,000IDR 100,000IDR 1,000,000,000Up to 1 hour
Wire Transfer (International)Wire TransferFor international clients only; bank-dependent processing timesUSD 25USD 25USD 100USD 100USD 100,000Up to 3 days
Fees, limits and processing times as published by MAHADANA, recorded by Wikilix.
Trading software

Trading Platforms

2 trading platforms on record: MetaTrader 4 and MetaTrader 5.

2 platforms
  • MetaTrader 4 logo

    MetaTrader 4

    by MetaQuotes Software Corp.since 2005Developer site

    MetaTrader 4 (MT4) is a popular trading platform for Forex and CFDs, offering advanced charting, automated trading via Expert Advisors, and fast, reliable execution.

    Details
  • MetaTrader 5 logo

    MetaTrader 5

    by MetaQuotes Software Corpsince 2010Developer site

    MetaTrader 5 (MT5) is a next-generation multi-asset platform for trading Forex, stocks, and futures, with advanced analytics, faster execution, and powerful algorithmic trading tools.

    Details
Platforms and download links as published by the broker, recorded by Wikilix.
Websites

Global Domains

One domain on record. All active and served over HTTPS.

1 domain
  • mahadana.co.idMain siteActiveHTTPS
Domains recorded by Wikilix. Only a domain listed here is known to belong to this broker.
Legal entities

Corporate Network

One legal entity behind the MAHADANA brand.

1 entity
  • PT. Mahadana Asta BerjangkaActiveIndonesiaRegistration 562738Established Jan 1, 2005
Entities named in the broker's own documents and company registers, recorded by Wikilix.
Frequently Asked Questions

Frequently Asked Questions

Common questions about MAHADANA

Most Popular Questions
Mahadana is licensed to serve Indonesian residents only and is not suitable for international or offshore CFD brokerage. Trading is prohibited for residents of North Korea and other UN-sanctioned countries.
On Mahadana, the maximum leverage offered is 1:100, though it may vary depending on the specific trading product.
Mahadana does not charge fees for deposits or withdrawals via local bank transfers, e-wallets, or cryptocurrencies. However, credit/debit card deposits incur a 1.5% fee, and international wire transfers have a fixed fee of USD 25 for both deposits and withdrawals.
Mahadana supports deposits and withdrawals via local Indonesian bank transfers, credit/debit cards (deposit only), popular Indonesian e-wallets, cryptocurrencies, and international wire transfers for select clients. Processing times vary from instant for e-wallets to up to three days for international wire transfers.
Mahadana provides access to MetaTrader 4 and MetaTrader 5 platforms. Both platforms support desktop trading and offer advanced charting and algorithmic trading tools suitable for Forex and futures trading.
PT. Mahadana Asta Berjangka is regulated by BAPPEBTI, the Indonesian commodity futures trading regulatory agency. It holds a Retail Forex License valid for domestic futures trading in Indonesia. Client funds are insured up to IDR 2 billion per depositor under Indonesian deposit insurance.
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