MidasFX Review 2026

Item: MidasFX
Rating: 3.81
Author: Oleg Tkachenko

By: Oleg Tkachenko
Updated: July 11, 2026

Top Brokers Overview — United States

Visit the site anyway

Min. deposit $1
Fees 10 /10
Account types 4.3 /10
Regulation 3.7 /10

3.8 /10

High risk

MidasFX User Reviews 6.7
Commissions and Fees 10.0
Regulation and Safety 3.7
Account Types 4.3
Deposit and Withdrawal 6.5
Markets and Tradable Assets 3.8
Trading Account Opening 10.0
Customer Support 5.5

MidasFX Pros & Cons

Low initial deposit.
Reasonable spreads on all account types.
Choice of trading platforms.
Advanced deposit and withdrawal methods without brokerage fees.
Up to 100% initial deposit bonus.
Registration of live and demo accounts takes several minutes.
Possibility to start trading without verification.

Non-regulated activities and offshore registration.
No negative balance protection, micro accounts, or high-quality training.
The broker's website does not provide information about its experience, financial performance, or registration number.

TU Expert Verdict

MidasFX carries a higher degree of risk. My review and user feedback point to noticeable performance issues and limitations. It may be appropriate only for experienced traders who fully understand the risks and are prepared for potential instability.

Top-5 Brokers Traders Prefer

zForex

7.9 /10

Regulation Not regulated

EUR/USD 0.1 pips

Plus500

7.5 /10

Regulation Tier-1

EUR/USD 0.5 pips

Trading.com USA

6.8 /10

Regulation Tier-1

EUR/USD 0.9 pips

OANDA

6.8 /10

Regulation Tier-1

EUR/USD 0.1 pips

FOREX.com

6.7 /10

Regulation Tier-1

EUR/USD 0.7 pips

MidasFX User Reviews

Score:

6.7 /10

3 total

5-star

0%
4-star

33%
3-star

67%
2-star

0%
1-star

0%

I think MidasFX is okay, although it's not regulated by a major financial authority. With over 10 years of experience trading, I've found that even unregulated brokers can function properly. However, the limited choice of trading instruments is a drawback for me since I trade currency pairs and stock CFDs. While MidasFX is suitable for Forex, it doesn't support stock trading. On the plus side, withdrawals are fast, especially for crypto; requests submitted by noon are processed within several hours. Additionally, the ability to choose the platform and open accounts in different currencies significantly reduces costs for withdrawing fiat currency.

MidasFX offers ECN account types, which is a significant advantage for me. Depositing cryptocurrencies also simplifies trading. I trade only currencies, so the range of assets offered by the broker is sufficient for me. The broker allows trading on news, so those who like to take risks can try it. However, there is no negative balance protection, which means that with high leverage, you can lose much more than you deposit. MidasFX lacks Forex calculators or similar tools, so I have to use third-party resources to calculate fees on positions.

MidasFX’s technical support helped me to start trading there. Managers answered all my questions, though most of them could be found in the FAQs section, which I didn’t know as a novice trader. Live chat operators recommended me to start with copy trading. I tried it and received my first profit within several hours of registration on the MQL platform. Indeed, the trader I chose wasn’t always successful, but it was his fault, not MidasFX’s. The broker has always ensured high copying speed, which is very important. Now, I trade myself and am still satisfied with MidasFX.

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Commissions and Fees

Score:

10 /10

The trading and non-trading commissions of MidasFX have been analyzed and rated as having Low fees, with a fees score of 10/10. Additionally, these commissions were compared with those of the top two competitors, ZForex and OANDA, to provide the most comprehensive information.

Low Forex trading fees
Tight EUR/USD market spread
No inactivity fee
No deposit fee
No withdrawal fee

Complex fee structure

Trading Fees and Spread

Below, we evaluated and compared the trading commissions of MidasFX with those of two competitors. We focused on the spreads and other transaction fees directly associated with executing trades (e.g commission per lot on an ECN account). This comparison aimed to provide a clear understanding of the cost efficiency of each broker.

Standard Account Spread

For Standard accounts, MidasFX’s commissions are part of the floating spread, which varies with market conditions. Typical values are provided, but during high volatility, the spread may exceed these.

MidasFX Standard spreads
	MidasFX	ZForex	OANDA
EUR/USD min, pips	0.7	0.1	0.1
EUR/USD max, pips	1.0	0.4	0.5
GPB/USD min, pips	1.1	0.2	0.1
GPB/USD max, pips	1.5	0.6	0.5

RAW/ECN Account Commission And Spread

The spread on ECN/RAW accounts is market-based and fluctuates, with average values given during active hours. It may vary during volatility spikes. A commission per lot is also charged.

MidasFX RAW/ECN spreads
	MidasFX	ZForex	OANDA
Commission ($ per lot) The commission is the fee charged by the broker for trading one standard forex lot (100,000 units of the base currency).	2.5	7	3.5
EUR/USD avg spread	0.0	0.1	0.15
GBP/USD avg spread	0.1	0.15	0.2

Non-Trading Fees

We conducted a detailed analysis of the non-trading fees associated with MidasFX. This review offers a comprehensive overview of the additional costs that may impact traders beyond regular trading activities.

MidasFX Non-Trading Fees
	MidasFX	ZForex	OANDA
Deposit fee, % The indicated amount does not include possible fees from payment systems and banks.	0	0	0
Withdrawal fee, % The indicated amount does not include possible fees from payment systems and banks.	0	0	0
Withdrawal fee, USD The indicated amount does not include possible fees from payment systems and banks.	0	0	0-15
Inactivity fee ($, per month)	0	0	0

Is MidasFX Safe?

Score:

3.7 /10

MidasFX has a safety score of 3.7/10, which corresponds to a Low security level. The safest brokers are those with Tier-1 regulation, a long history (over 10 years in the market), and participation in investor compensation schemes.

Is regulated

Not tier-1 regulated

MidasFX Regulators and Investor Protection
Abbreviation	Full Name	Country of regulation	Investor Protection Fund	Regulation Level
SVG FSA	Full Name Financial Services Authority of St. Vincent and the Grenadines	Country of regulation St. Vincent and the Grenadines	Investor Protection Fund No specific fund	Regulation Level Tier-3

MidasFX Security Factors
Foundation date	-
Negative balance protection	No
Verification (KYC)	Yes

Account Types

Score:

4.3 /10

MidasFX offers the following account options: Demo, Standard, ECN/Raw spread.

However, it does not provide a Cent account, which can be a disadvantage for beginners looking to practice with minimal risk.

Low minimum deposit
Demo account
Standard account with balanced trading conditions

No VIP account option
No Swap Free account

MidasFX account types vs top competitors
	MidasFX	ZForex	Plus500
Standard	Yes	Yes	Yes
ECN/Raw spread	Yes	Yes	No
Demo	Yes	Yes	Yes
Cent	No	No	No
Micro	No	No	No
Swap Free	No	Yes	Yes
VIP	No	No	No
Managed	No	No	No

MidasFX accounts trading conditions

Traders can open account types suitable for their strategies and experience on MT4 or MT5. Available account types differ in processing of trading orders, trading fees, and initial deposit requirements. Trading is conducted by standard lots with a contract size of 100,000 units of base currency.

Account types:

Account Type	Description
STD	This is a standard account type without additional fees. The minimum deposit is $1 and spreads start from 0.7 pips.
ECN	This account type is suitable for experienced traders who prefer trading with raw spreads from 0 pips. Fees per lot are $5 and the minimum deposit is $10.

Live account conditions can be tested on a demo account that doesn't require depositing real funds, since trading is conducted with virtual dollars.

MidasFX offers advanced execution technologies for experienced and professional traders working on the OTC market.

Deposit and Withdrawal

Score:

6.5 /10

MidasFX received a Medium score for the efficiency and convenience of its deposit and withdrawal processes.

MidasFX provides a reasonable range of deposit and withdrawal options with moderate fees, in line with industry standards.

USDT (Tether) supported
Low minimum withdrawal requirement
Minimum deposit below industry average
No withdrawal fee

Wise not supported
PayPal not supported
Limited deposit and withdrawal flexibility, leading to higher costs

What are MidasFX deposit and withdrawal options?

MidasFX provides a basic range of deposit and withdrawal options, covering essential methods in line with industry standards. This set of options is sufficient for most traders, with available methods Bank Card, Bank Wire, BTC, USDT, Ethereum.

MidasFX Deposit and Withdrawal Methods vs Competitors
	MidasFX	ZForex	Plus500
Bank Wire	Yes	No	Yes
Bank card	Yes	Yes	Yes
PayPal	No	No	Yes
Wise	No	No	No
BTC	Yes	Yes	No

What are MidasFX base account currencies?

A wide range of base account currencies minimizes the need for currency conversion, potentially reducing transaction costs. MidasFX supports the following base account currencies: USD, EUR, GBP, JPY, CAD.

What are MidasFX's minimum deposit and withdrawal amounts?

The minimum deposit on MidasFX is $1, while the minimum withdrawal amount is $1. These minimums may vary depending on the chosen account type and payment method. For specific details, please contact MidasFX’s support team.

Markets and Tradable Assets

Score:

3.8 /10

MidasFX offers a limited selection of trading assets compared to the market average. The platform supports 100 assets in total, including 50 Forex pairs.

Indices trading
50 supported currency pairs
Crypto trading

Bonds not available
Copy trading not available

Supported markets vs top competitors

We have compared the range of assets and markets supported by MidasFX with its competitors, making it easier for you to find the perfect fit.

	MidasFX	ZForex	Plus500
Currency pairs	50	50	60
Total tradable assets The total tradable assets listed include all available instruments, including CFDs. Due to regional restrictions, certain CFDs may not be offered in some countries. For example, cryptocurrency CFDs are banned in the UK, and the U.S. has restrictions on CFDs.	100	80	2800
Stocks	No	Yes	Yes
Commodity futures	Yes	Yes	Yes
Crypto Cryptocurrency CFDs are restricted or prohibited in certain regions due to regulatory limitations. These include the United Kingdom, China, Egypt, the United States and Canada.	Yes	Yes	Yes
Stock indices	Yes	No	Yes
Options	No	No	Yes

Investment options

We also explored the trading assets and products MidasFX offers for beginner traders and investors who prefer not to engage in active trading.

	MidasFX	ZForex	Plus500
Bonds	No	No	No
ETFs	No	No	Yes
Copy trading	No	Yes	No
PAMM investing	No	No	No
Managed accounts	No	No	No

Trading Account Opening

Score:

10 /10

We successfully registered an account with MidasFX in 7 minutes. The KYC verification was completed within 1 business day. The minimum deposit amount at MidasFX is $1.

This is one of the most accessible and hassle-free onboarding procedures on the market.

Low minimum deposit requirement
Fast registration time (up to 15 minutes)
Quick KYC verification (1 business day or less)

Account setup process may feel less convenient for beginners

MidasFX account opening
	MidasFX	ZForex	Plus500
Online Registration	Yes	Yes	Yes
Minimum deposit	$1	$10	$100
Mandatory KYC	Yes	Yes	Yes
Registration time (min)	7	8	5
KYC time (days)	1	1	3

Is MidasFX available in my country?

If you are a citizen of United States, the broker accepts clients from your country.

Please note that availability may vary due to regulatory requirements, so we recommend confirming directly with the broker for the most accurate and up-to-date information.

Account opening details

Only traders registered on the MidasFX official website can access the user account. To create your user account, follow the below instructions.

To initiate the process, click the “Sign Up” button on any page of the website.
Next, provide your email, choose the account type and its currency, and agree to the terms and conditions of the Client Agreement. Passwords to your trading and user accounts are sent to your email.
In their user accounts, traders can:
- Open additional trading or demo accounts..
- Deposit funds and choose the welcome bonus..

Additional features of MidasFX’s user account that allow traders to:

Submit withdrawal requests.
Make fee-free internal transfers.
View payment history.
Monitor information on their active accounts: balance, capital, and leverage.
Change passwords to their user or trading accounts, and change PIN for withdrawals.
Visit a special section for partners to register in the program, as well as monitor and withdraw accrued rewards.

Customer Support

Score:

5.5 /10

Customer support at MidasFX is available, but response speed and service quality may vary. Some requests are handled efficiently, while others may require follow-ups.

During testing, response times were moderate, and communication depended on the complexity of the request. MidasFX provides basic support functionality but does not stand out in overall service performance.

Information

MidasFX offers online technical support in English during Forex market trading hours.

Technical support is available 24/5
Support managers are highly competent

It is impossible to contact support via phone
Communication in messengers isn’t available

To contact MidasFX’s technical support, use the following communication channels:

Live chat on the website and in the user account.
Feedback form.
Email.

There are no additional communication channels for active clients.

Contacts
Registration address	Midas FX LLC, Suite 305, Griffith Corporate Centre, Beachmont, P.O. Box 1510, Kingstown, Saint Vincent and the Grenadines
Official site	https://midasfx.com/
Contacts	support@midasfx.com

Best MidasFX Alternatives

zForex

7.9 /10

Regulation Not regulated

EUR/USD 0.1 pips

Plus500

7.5 /10

Regulation Tier-1

EUR/USD 0.5 pips

Trading.com USA

6.8 /10

Regulation Tier-1

EUR/USD 0.9 pips

OANDA

6.8 /10

Regulation Tier-1

EUR/USD 0.1 pips

FOREX.com

6.7 /10

Regulation Tier-1

EUR/USD 0.7 pips

FAQs

How is client safety and regulation described for MidasFX?

MidasFX is regulated by the Financial Services Authority of St. Vincent and the Grenadines (SVG FSA), which is categorized as Tier-3 regulation with no specific investor compensation fund mentioned. The broker has a safety score of 3.7/10 and a Low security level, does not provide negative balance protection, and its foundation date is not specified in the review.

What trading account types are available and what are the key conditions?

The broker offers Demo, Standard (STD), and ECN/Raw spread accounts, but does not provide Cent, Micro, Swap Free, VIP, or managed accounts. The Standard account has a $1 minimum deposit with spreads from 0.7 pips, while the ECN account has a $10 minimum deposit, raw spreads from 0 pips, and a $5 fee per lot, with trading conducted in standard lots of 100,000 units of the base currency.

What do user reviews say about overall satisfaction with MidasFX?

The user satisfaction score is 6.7/10 based on 3 reviews, with 33% of ratings at 4 stars and 67% at 3 stars, and no 1- or 2-star ratings. According to user reviews, overall impressions are mixed rather than strongly positive or negative.

How does the MidasFX account opening process work and what feedback is given on its convenience?

Registration was completed in 7 minutes and KYC verification within 1 business day, with a minimum deposit of $1, indicating a relatively quick and accessible onboarding process. The section notes that, despite the low minimum deposit and fast verification, the account setup may feel less convenient for beginners.

What feedback is available on MidasFX customer support and contact options?

Customer support is available 24/5 in English via live chat, feedback form, and email, but there is no phone or messenger support. Based on user feedback in the section, response times were moderate and service quality varied depending on the complexity of the request, with support described as competent but not exceptional.