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MidasFX

No Regulation
Saint Lucia
,
Since 2017
Last Updated:
47/100
Overall Score

Trading Conditions

Min Deposit:
USD1
Max Leverage:
1000
Account Types
ProECNStandard+2 more

User Reviews

Total Reviews
This Month
Avg Rating

Funding Methods

No funding methods available

Performance Metrics

Excellent Performance
Performance chart: 1: Regulation 0%, 2: License 0%, 3: Software 51%, 4: Spread 0%, 5: Account Type 42%, 6: Symbol 0%
Regulation
0%Poor
License
0%Poor
Software
51%Fair
Spread
0%Poor
Account Type
42%Poor
Symbol
0%Poor
No regulation
Your deposit is not protected by any financial authority.
What this means

Company Information

Full Name:MidasFX
Founded:2017
Headquarters:Saint Lucia
Enterprise Offices:N/A

Customer Support

Phone:
Live Chat:
business_hours
Response Time:
Languages:
English
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Is MidasFX a scam?

Wikilix independent safety report

Read the full report
0%Scam riskScam risk is our overall estimate that this broker is unsafe, from 0% (safe) to 100% (almost certainly a scam). It blends the six risk areas below, weighted by how strong the evidence is. Higher means riskier.
High risk (unverified)Our overall call, based on the evidence we could verify. From safest to worst: Appears legitimate, Insufficient evidence, High risk (unverified), Likely scam, Confirmed scam. A separate "Not a broker" verdict is used when it does not really offer trading.Confidence: MEDIUMHow sure we are of this verdict, based on how much solid, checkable evidence we found. Shown as Low, Medium or High.
2.5/5Safety rating 2.5 out of 5
The Wikilix safety rating, from 1 to 5 stars. It mirrors the scam risk (5 = safest, 1 = riskiest), so a higher risk percentage means fewer stars.

MidasFX is a high-risk, unregulated offshore forex broker. We found no financial licence anywhere, and although it takes real deposits and runs live MetaTrader servers, it gives clients no regulatory…

Risk scorecard · each area scored 0 (clean) to 10 (worst)

Regulation9/10 · CriticalIs it overseen by a strict, well-known financial regulator? Offshore-only or missing licences score higher.Scored 0 (clean) to 10 (worst). This area is 9/10 (Critical).Identity & transparency7/10 · HighHow openly it shows who and where it is (legal entity, address, owners). Hidden details score higher.Scored 0 (clean) to 10 (worst). This area is 7/10 (High).Withdrawals & conduct5/10 · ModerateCredible reports of clients being unable to withdraw their money. More such reports score higher.Scored 0 (clean) to 10 (worst). This area is 5/10 (Moderate).Reputation6/10 · HighWhat independent reviews, regulators and watchdogs say about it. A poor track record scores higher.Scored 0 (clean) to 10 (worst). This area is 6/10 (High).Website claims4/10 · ModerateWhether the site claims (awards, years active, licences) actually check out. False claims score higher.Scored 0 (clean) to 10 (worst). This area is 4/10 (Moderate).Operational history4/10 · ModerateHow long and how consistently it has genuinely operated. Brand-new or murky history scores higher.Scored 0 (clean) to 10 (worst). This area is 4/10 (Moderate).

Broker Summary

Summary of the broker

Introduction and Overview

The dynamic universe of financial trading is fast-paced and ever-changing. Finding the right broker is very important for all types of traders, especially for novice traders who may not know what to look for. The MidasFX perspective is a specialised trading broker that provides an extensive array of trading and financial services tailored to the different trading needs of users. There are thousands of brokers in the marketplace today, but MidasFX differentiates itself through its focus on User-Centric Trading Solutions and Competitive offers.

Although the competition landscape is strong, there is little publicly available information about MidasFX, so it is important to take a closer look at its features, trading conditions, and, more generally, its Market Presence. The intention of this article is to offer a clear, professional overview of MidasFX, including key points of reference, as well as what traders can expect from the MidasFX experience.

History And Background of MidasFX

Unfortunately, MidasFX has little publicly available information about its history and background. Publicly available information does not include when the broker was established, who is behind MidasFX, or how MidasFX has evolved over time. This may raise a red flag for some, especially for those traders who value a broker's past success and corporate history.

However, just because MidasFX does not have much publicly available historical information does not mean its service quality is not excellent. Many up-and-coming brokers are true to their word when they tell customers they have a low-profile public image while building their clientele and developing their platforms for their traders.

Key Features And Services of MidasFX

MidasFX offers a variety of trading services to meet the needs of traders of all types. MidasFX does not provide a detailed description of the products it offers; however, in this category of brokers, it may offer a variety of asset classes, including forex, commodities, indices, and possibly cryptocurrencies.

Traders will typically have access to standard features, such as multiple accounts with varying levels of leverage and popular trading platforms. It appears that MidasFX will offer a streamlined, competitive trading experience, with clients benefiting from low spreads and flexible trading conditions.

Regulatory Compliance And License

When selecting a broker, Regulation and Compliance are two important factors to consider. Regulation provides assurance and compliance with industry standards. MidasFX has limited public information available regarding its regulatory compliance status. Neither has there been any verifiable evidence of MidasFX's licenses nor of MidasFX being regulated by a Regulatory Authority.

Regulator

License Number

Status

Limited information available

Trading Conditions and Platform Technology

Trading conditions significantly impact an individual's trading experience and investment profitability. As some specific information about what opportunities are offered by MidasFX has not been provided in detail, examples of traditional trading conditions that should be evaluated by prospective investors potentially include the spread (or commissions) offered by MidasFX, the amount of leverage available to investors, and the minimum amount of money an investor would have to deposit to begin trading with MidasFX.

Most brokers, like MidasFX, offer access to popular trading platforms, such as MetaTrader 4 and MetaTrader 5, which are both very feature-rich and allow users to easily navigate various areas of the software. Unfortunately, we are currently unaware of the exact trading technology that MidasFX will provide.

Trading Condition

Details

Spreads

Limited information available

Leverage

Limited information available

Minimum Deposit

Limited information available

Trading Platforms

Limited information available

Fee Structure

Understanding the fee structure is essential for traders to manage costs effectively. Unfortunately, detailed information about MidasFX’s fees, including deposit fees, withdrawal fees, and commissions, is not publicly accessible.

Traders interested in MidasFX should inquire directly with the broker to obtain a clear breakdown of all applicable fees before opening an account.

Fee Type

Details

Deposit Fees

Limited information available

Withdrawal Fees

Limited information available

Commission

Limited information available

User Experience and Market Reputation

A broker's service quality and reliability are well represented by its market reputation and user comments. Currently, there are few public user reviews or testimonials about MidasFX, making it hard to gauge its reputation among traders.

As such, it is important for potential customers of MidasFX to do their own research before depositing funds with MidasFX and to contact MidasFX directly to obtain answers to any questions or concerns they may have.

New Information

Currently, no new public information has been released regarding MidasFX. The absence of this type of information may indicate that there have been no major changes or developments over this same time frame. Traders who wish to stay informed about upcoming events should keep an eye on MidasFX's official websites, press releases, and social media channels.

Summary

MidasFX markets itself as a potential trading broker and claims to offer products suitable for all levels of traders. However, because of the limited amount of information available regarding MidasFX, such as its background, services, and regulatory compliance, it is difficult for a trader to find assurance and transparency when it comes to MidasFX.

Before opening an account and trading with MidasFX, it is important to conduct thorough due diligence and request complete information directly from MidasFX. Additionally, a trader should consider their own risk tolerance when selecting a broker and ensure the broker complies with the regulatory standards used in today's financial markets.

 

Regulatory Licenses

Compliance & oversight

No regulation

Trading with an unregulated broker puts your deposit at risk.

No regulation

We have not confirmed any regulation for MidasFX. 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.
View other brokers

Account Types

Trading account options

5 types
Pro
VIP
Leverage 1:1000 • Commission $15 per million per side
Leverage1:1000
Commission$15 per million per side
ECN
ECN
Min Deposit USD 1 • Leverage 1:1000 • Commission $5 per 100,000 units
Min DepositUSD 1
Leverage1:1000
Commission$5 per 100,000 units
Standard
Standard
Min Deposit USD 1 • Leverage 1:1000 • Commission None for currency pairs
Min DepositUSD 1
Leverage1:1000
CommissionNone for currency pairs
ECN
ECN
Min Deposit USD 1 • Leverage 1:1000 • Commission $5 per 100,000 units
Min DepositUSD 1
Leverage1:1000
Commission$5 per 100,000 units
Standard
Standard
Min Deposit USD 1 • Leverage 1:1000 • Commission None for currency pairs
Min DepositUSD 1
Leverage1:1000
CommissionNone for currency pairs
5
Total Types
3
Categories
ECN Available

Funding Methods

Deposit & withdrawal options

No Funding Methods

Funding method information is not available for this broker yet.

Trading Platforms

Professional trading tools

2 Available
MetaTrader 4

MetaTrader 4

by MetaQuotes Software Corp. • 2005

Windows
Mac
Web
Android
+1
Rating
4.5
Status
Available
Type
Integrated
Platforms
Trading Software
Visit
Meta Trader 5

Meta Trader 5

by MetaQuotes Software Corp • 2010

Windows
Mac
Linux
Web
+3
Rating
4.5
Status
Available
Type
Integrated
Platforms
+
Trading Software
Visit

Global Domains

Worldwide web presence

2 sites
🌐
https://www.midasfx.com/
Unknown
Active
SSL
🌐
https://my.midasfx.com/
Unknown
Active
SSL
2
Active
1
Countries
100%
SSL

Social Presence

Digital community engagement

3 platform

Company Registration

Legal entity checked against the official company registry

Not confirmed on registry

Jurisdiction

Saint Lucia

Registered address

Ground Floor, The Sotheby Building, Rodney Village, Rodney Bay, Gros-Islet, Saint Lucia

From our latest investigation · Verified Aug 22, 2026

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