General Information & Regulation
Mahadana, established in 2004, is a Indonesian financial derivatives futures brokerage firm in foreign exchange, stock indices, and London gold. Mahadana is currently regulated by the Indonesian Commodity Futures Trading Regulatory Agency (Regulatory Type: 834/BAPPEBTI/PN/11/ 2005).
Market instruments
Investors can trade gold, forex, and indices with Mahadana. Compared to other brokers, Mahadana offers a smaller range of trading assets.
Minimum Deposit
Forex accounts are allowed on Forex and gold markets, and for index trading Mahadana offers separate special accounts. The minimum deposit of start an account is around $150, sounds reasonable for new traders to get started.
Leverage
In terms of trading leverage, the maximum leverage available on Mahadana is up to 1:200, which is considered high. Inexperienced traders should ebe cautious with using such high leverage in case of heavy fund losses.
Trading Platform
Mahadana offers traders the most popular MT4 trading platform on the market today. MT4 has powerful charting tools, a large number of custom indicators, supporting automated trading via EA. Additionally, there is a flexible choice of MT4 for PC, MT4 for Android, and MT4 for iPhone and Mac.
Deposit and Withdrawal
Traders can make deposits via an instant electronic payment system within 1-3 business days via bank wire transfer or according to the payment method. Regarding withdrawals, Mahadana's back-office staff will make withdrawals within 24 hours or within 1 business day via most electronic payment systems, and bank wire transfers may take 1-3 total business days.
