Global Broker Regulation Inquiry App
WikiFX
Mohammed Mazhar 
1-2 years
Is Mahadana Asta Berjangka a safe and legit broker?
Broker Issues
Regulation
2025-07-25
United States
WikiFX
Reply
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.
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