Traders Union has analyzed financial markets for over 14 years, evaluating brokers based on 250+ transparent criteria, including security, regulation, and trading conditions. Our expert team of over 50 professionals regularly updates a Watch List of 500+ brokers to provide users with data-driven insights. While our research is based on objective data, we recommend that users perform independent due diligence and consult official regulatory sources before making any financial decisions.
Learn more about our methodology and editorial policies.
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.
MidasFX is an STP and ECN broker offering access to global financial markets. Clients can trade Forex, cryptocurrencies, and CFDs using the popular MetaTrader 4 and MetaTrader 5 platforms. The broker provides both live and demo accounts, leverage options, and a lucrative partnership program. MidasFX is registered in St. Vincent and the Grenadines.
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
MidasFX User Reviews
-
5-star
0%
-
4-star
33%
-
3-star
67%
-
2-star
0%
-
1-star
0%
-
Commissions and Fees
Score:We evaluate brokers' fees and spreads by assessing the costs associated with Standard and ECN/Raw spread accounts, including commissions and spreads. Additionally, our evaluation considers extra fees such as deposit/withdrawal charges and inactivity fees. Learn the assessment criteria10 /10The 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, OANDA and FOREX.com, 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 OANDA FOREX.com EUR/USD min, pips 0.7 0.1 0.7 EUR/USD max, pips 1.0 0.5 1.2 GPB/USD min, pips 1.1 0.1 0.9 GPB/USD max, pips 1.5 0.5 1.4 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 OANDA FOREX.com 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 3.5 5 EUR/USD avg spread 0.0 0.15 0.2 GBP/USD avg spread 0.1 0.2 0.4 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 OANDA FOREX.com 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 0-15 0 Inactivity fee ($, per month) 0 0 15 -
Is MidasFX Safe?
Score:We evaluate brokers' safety based on several key criteria. The highest value is placed on regulation, especially Tier 1 regulation, which ensures adherence to stringent standards set by top financial authorities like the FCA in the UK, CFTC in the US, CySEc and BaFin (EU) or ASIC (Australia). High scores are also given for participation in investor protection funds, which safeguard clients' funds in case of broker insolvency. Learn the assessment criteria3.7 /10MidasFX 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 NoVerification (KYC) Yes -
Account Types
Score:We evaluate a broker’s account offering by analyzing the range and suitability of available account types and how effectively they cater to different trader profiles and strategies. Our assessment covers the diversity of account options — including Standard, ECN/Raw, Cent, Swap-Free (Islamic), and VIP accounts — as well as the flexibility of trading conditions provided. Learn the assessment criteria.4.3 /10MidasFX 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.
- Standard account with balanced trading conditions
- Low minimum deposit
- Demo account
- No Cent account
- Micro lots are not available
MidasFX account types vs top competitors MidasFX Trading.com Plus500 Standard YesYesYesECN/Raw spread YesNoNoDemo YesYesYesCent NoNoNoMicro NoNoNoSwap Free NoNoNoVIP NoNoNoManaged NoNoNoMidasFX 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:This section assesses the efficiency, speed, and affordability of brokers’ transaction processes, focusing on available methods, currencies, and fees. For further details, please refer to our data-focused methodology6.5 /10MidasFX 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.
- Supports 5+ base account currencies
- Bitcoin (BTC) accepted
- USDT (Tether) supported
- Low minimum withdrawal requirement
- BTC not available as a base account currency
- Wise not supported
- PayPal not supported
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 Trading.com Plus500 Bank Wire YesYesYesBank card YesYesYesPayPal NoNoYesWise NoNoNoBTC YesNoNoWhat 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:The evaluation in this section is based on the TU methodology and reflects the total number and variety of tradable assets offered by the broker, including Forex currency pairs. It also considers the availability of passive income tools such as PAMM accounts, copy trading, and similar services. All information is obtained from publicly available sources and may change. Learn the assessment criteria3.8 /10MidasFX offers a limited selection of trading assets compared to the market average. The platform supports 100 assets in total, including 50 Forex pairs.
- 50 supported currency pairs
- Crypto trading
- Indices trading
- Futures not available
- Limited asset selection
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 Trading.com Plus500 Currency pairs 50 69 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 69 2800 Stocks NoNoYesCommodity futures YesNoYesCrypto 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. YesNoYesStock indices YesNoYesOptions NoNoYesInvestment 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 Trading.com Plus500 Bonds NoNoNoETFs NoNoYesCopy trading NoNoNoPAMM investing NoNoNoManaged accounts NoNoNo -
Trading Account Opening
Score:We evaluated Trading Account Opening at MidasFX by testing the registration process under real conditions, including opening an account and funding it with the minimum required deposit (but no less than $100). Our assessment considered whether onboarding was fully online, the average registration time, the speed of KYC verification, and how quickly traders could activate their accounts. Learn the assessment criteria.10 /10We 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.
- Quick KYC verification (1 business day or less)
- Low minimum deposit requirement
- Fast registration time (up to 15 minutes)
- Account setup process may feel less convenient for beginners
MidasFX account opening MidasFX Trading.com Plus500 Online Registration YesYesYesMinimum deposit $1 $50 $100 Mandatory KYC YesYesYesRegistration time (min) 7 20 KYC time (days) 1 2 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:We evaluated Customer Support at MidasFX by opening a real account funded with the minimum required deposit (no less than $100) and contacting support to measure response time under real conditions. Our assessment considered contact channels, response speed, multilingual support, and availability hours. Learn the assessment criteria5.5 /10Customer 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.
InformationMidasFX 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
FAQs
How is client safety and regulatory oversight 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 protection fund mentioned. The broker has a safety score of 3.7/10, a Low security level, and does not provide negative balance protection, while KYC verification is required and the foundation date is not specified in the review.
What types of trading accounts and conditions are outlined for this broker?
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 on MT4 or MT5.
What do MidasFX user reviews say about overall satisfaction levels?
The user satisfaction score for MidasFX is 6.7/10 based on 3 reviews, indicating a mixed overall impression. According to user reviews, 33% are 4-star and 67% are 3-star, with no 5-star, 2-star, or 1-star ratings reported in this section.
What deposit and withdrawal features and user feedback are highlighted for MidasFX?
MidasFX supports deposits and withdrawals via bank cards, bank wire, BTC, USDT, and Ethereum, with a minimum deposit and withdrawal of $1 and 5+ base account currencies (USD, EUR, GBP, JPY, CAD). The review notes a Medium safety score of 6.5/10 for payments, low minimum withdrawal requirements, and USDT support, but also mentions limited flexibility, higher potential costs, and that PayPal is not supported.
What do reviews and comments mention about MidasFX customer support options?
Customer support at MidasFX is available 24/5 in English via live chat on the website and in the user account, feedback form, and email, with no phone or messenger support mentioned. The review states that response times were moderate and service quality varied, with some requests handled efficiently and others requiring follow-ups.
Articles that may help you
-
#For Beginners
MidasFX Fees and Spreads (October 2026)
October 2026 Andrey Mastykin -
#For Beginners
MidasFX Minimum Deposit and Funding Options
October 2026 Andrey Mastykin -
#For Beginners
Is MidasFX Regulated and Safe in 2026
October 2026 Mikhail Vnuchkov -
#For Beginners
MidasFX Deposit Bonus and Cashback 2026
October 2026 Anastasiia Chabaniuk -
#For Beginners
MidasFX Available Countries – Full List (2026)
October 2026 Mikhail Vnuchkov -
#For Beginners
MidasFX Withdrawal Fees, Time & Payment Methods (2026)
October 2026 Peter Emmanuel Chijioke -
#For Beginners
How Traders Use AI: TU Research
October 2026 Anastasiia Chabaniuk -
#For Beginners
Best TradingView Brokers 2026: Fees & Features
October 2026 Maxim Nechiporenko -
#For Beginners
Best Forex Pairs To Trade During The New York Session
October 2026 Oleg Tkachenko
