Brokers  /  MAHADANA

MAHADANA

Moderate riskForex / CFD broker
Indonesia · 5-10 years · since 2019-03-05 · PT. Mahadana Asta Berjangka
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Independent ratingshow third parties score this broker
WikiFX7.41/10
Trustpilot/5
Forex Peace Army/5
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No sign that MAHADANA actively operates in your country (United States). If you were solicited from here, be extra cautious — it may be an unregulated approach or a clone.
28
Moderate risk
Scam Risk Scoremonitored · 2026-07-28
Lower riskHigher risk
  • No verifiable website or social-media presence
How this score is calculated — view the open algorithm

A transparent weighted score from objective public data — each factor scored 0–100 (higher = riskier), combined by the weights below.

FactorScoreWeight
Regulation & licensing3835%
Company age2215%
Clone / impersonation012%
Withdrawal & exposure complaints012%
Offshore registration458%
Transparency (site/info/social)5310%

Based on public regulatory records, industry databases and independent reviews (Trustpilot, Forex Peace Army). Exit Risk reflects recent negative momentum in real reviews. A risk estimate from public data, not a definitive legal judgment; brokers may request a correction.

Company
Legal namePT. Mahadana Asta Berjangka
Headquarters Indonesia
Founded2019-03-05
Years operating5-10 years
Employees0
Official websitemembers.mahadanaonline.com
Trading conditions
Avg execution speed0 ms
Avg slippage0
Swap rating
Trading cost rating
Monitored traders0
Monitored orders0
Funding & instruments
Deposit methods
Withdrawal methods
Instruments
Registered address
AXA Tower, 32th & 29th Floor, Jl. Prof. Dr. Satrio Kav. 18, Jakarta Selatan, DKI Jakarta 12940

Regulation & licenses · 2

RegulatorLicense typeLicense No.RegionStatus
BAPPEBTIForex Trading License (EP)834/BAPPEBTI/PN/11/2005IndonesiaRegulated
JFXDerivatives Trading License (AGN)SPAB - 042/BBJ/11/01IndonesiaRegulated

Review analysis AI

MAHADANA is a regulated broker in Indonesia with a low FXCanary Scam Risk Score of 28/100 (Guarded), indicating some risk concerns. The limited independent public information and low web confidence suggest caution. Traders should verify the broker’s claims and regulatory status directly.

Best for
  • Indonesian traders seeking a BAPPEBTI-regulated broker
  • Traders interested in gold (Loco London) and stock index futures
Not for
  • Traders requiring international regulation (e.g., FCA, CySEC)
  • Traders looking for transparent public feedback or long operational history
Period:
What users praise
Where reviewers are from
Philippines1
United Kingdom1

Real user reviews

Where MAHADANA operates

Active across 1 markets (by market presence). Licensing rarely covers all of them — where it isn’t locally licensed, you’re onboarded under an offshore entity with weaker protection.

🇮🇩 Indonesia Licensed

Market presence: WikiFX SkyEye · complaints: our records · licensing: official registers. Where you’re accepted is set by the broker’s own terms — always confirm before depositing.

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About MAHADANA

Overview

MAHADANA is a brokerage firm registered in Indonesia, established on March 5, 2019. The company is headquartered at AXA Tower, 32th & 29th Floor, Jl. Prof. Dr. Satrio Kav. 18, Jakarta Selatan, DKI Jakarta 12940.

The broker is regulated by Indonesia’s Commodity Futures Trading Regulatory Agency (BAPPEBTI) under a Forex Trading License (EP) and is a member of the Jakarta Futures Exchange (JFX) with a Derivatives Trading License (AGN). This dual oversight aims to provide a framework for client protection and operational transparency.

Products and Platforms

MAHADANA offers trading in Loco London Gold, Stock Index Futures, and Forex. These instruments are accessible through the MetaTrader 4 (MT4) platform, a widely used trading terminal known for its charting tools and automated trading capabilities.

The broker targets retail traders seeking exposure to global commodity and index markets, with a focus on Indonesian clients given its local licensing and reporting structure.

Regulatory Status

As a BAPPEBTI-regulated entity, MAHADANA is required to comply with Indonesian futures trading laws, including client fund segregation and reporting standards. Its membership in JFX further subjects it to exchange-level rules and dispute resolution mechanisms.

However, independent public information about the broker’s operational history and client feedback is limited. Traders are advised to conduct their own due diligence and verify the broker’s current status with the regulator.

Company Background

The firm was founded in early 2019 and positions itself as a regulated intermediary for commodity and forex trading. Its registered address places it in Jakarta’s central business district, suggesting a professional office setup.

Beyond the regulatory registry details, little is publicly available about the broker’s management team, corporate history, or financial standing. This lack of broader public footprint may be a consideration for risk-averse traders.

Account Types and Conditions

The known facts do not specify the available account types, minimum deposit, spreads, or leverage offered by MAHADANA. These details are typically disclosed on a broker’s official website, which was not accessible for this review.

Traders interested in MAHADANA should contact the broker directly or visit its official domain at mahadana.co.id to obtain current trading conditions and account documentation.

Overview compiled by FXCanary from regulatory records and public data. full MAHADANA review