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Midasama -

Score

1.53 /10
Danger

Midasama

China

Scam Brokers

5-10 years

Suspicious Regulatory License

Suspicious Scope of Business

High potential risk

https://www.midasama.com

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Comparison

Quantity 9

Exposure

Open Account
Website

Score

Regulatory Index0.00

Business Index7.18

Risk Management Index0.00

Software Index4.00

License Index0.00

The WikiFX Score of this broker is reduced because of too many complaints!
Open Account
Website

Licenses

No valid regulatory information, please be aware of the risk

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

open now

Broker Information

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Company Name

Midasama

Company Abbreviation

Midasama

Platform registered country and region

China

Company website

Company summary

Pyramid scheme complaint

Expose

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This platform is a Ponzi Scheme. Please stay away! 4
Previous Detection : 2025-01-24
  • This broker has been verified to be illegal and all of its licences have expired, and it has been listed in WikiFX's Scam Brokers list. Please be aware of the risk!
  • The platform is a Ponzi Scheme, which refers to the use of "principle of value multiplication". In the form of rolling or static fund circulation, it uses the money of next member to pay to the present one, which is essentially a pyramid scheme with the distinction of hidden, deceptive and socially harmful. By calling common person's desire for money, fraudsters in the platform begin raising funds underground. Since this kind of platform mostly will abscond after 1 or 2 years, the fund-raising mode just can exist less than 3 years.

WikiFX Verification

Exposure

9 pieces of exposure in total
Pyramid scheme complaint
Expose
    Midasama · Company summary

    Note: Midasama's official website: https://www.midasama.com is currently inaccessible normally.

    MidasamaReview Summary
    Founded2012
    Registered Country/RegionMalaysia
    RegulationScam Broker
    Market InstrumentsForex, Precious metals, Commodities, Indices, Stocks
    Demo Account❌
    Leverage/
    Spread/
    Trading PlatformMT4
    Min Deposit$1,000
    Customer SupportEmail: support@midasama.com

    Midasama Information

    Midasama claims to have been established in 2012 and is registered in Malaysia. It offers trading products including Forex, precious metals, commodities, indices and stocks. In addition, it offers MT4 as a trading platform. However, this broker is currently unregulated and illegal.

    Pros and Cons

    Pros Cons
    Offer MT4 as the trading platformAn illegal broker
    No payment method information
    The official website cannot be accessed

    Is Midasama Legit?

    Midasama is unregulated and illegal. The registration time on the official website is 2019, but it can't be accessed.

    Is Midasama Legit?
    Is Midasama Legit?

    What Can I Trade on Midasama?

    Midasama mentioned that it offers trading in forex, commodities, precious metals, stocks and indices.

    Tradable Instruments Supported
    Forex✔
    Precious metals✔
    Commodities✔
    Indices✔
    Stocks✔
    Bonds❌
    ETF❌

    Account Types

    Midasama claims to offer 5 different account types. The basic account requires a minimum deposit of $1,000. The next set of accounts require you to deposit at least $5,000, $10,000, $50,000 and $100,000, respectively.

    Trading Platform

    Midasama is offering a downloadable version of the MT4 trading platform to its traders.

    Trading PlatformSupported Available Devices Suitable for
    MT4✔-All traders
    MT5❌

    User Reviews

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    User comment

    3

    Comments

    Write a review

    FX1074676905
    more than one year
    Es una estafa total. Mi amigo invirtió 3.000 dólares estadounidenses en él, y ahora no puede retirar dinero, el servicio al cliente no responde al mensaje, ¡y ahora el sitio web ni siquiera puede abrir! ¿Puede wikifx ayudarnos a recuperar nuestros fondos?
    Es una estafa total. Mi amigo invirtió 3.000 dólares estadounidenses en él, y ahora no puede retirar dinero, el servicio al cliente no responde al mensaje, ¡y ahora el sitio web ni siquiera puede abrir! ¿Puede wikifx ayudarnos a recuperar nuestros fondos?
    Translate to English
    2022-11-28 17:26
    Reply
    0
    1
    Axi
    more than one year
    This illegal trader who does not even have a legitimate regulation seems to have run away, and their website is currently unavailable. The online reviews on them are also all bad reviews. Stay away!!!
    This illegal trader who does not even have a legitimate regulation seems to have run away, and their website is currently unavailable. The online reviews on them are also all bad reviews. Stay away!!!
    Translate to English
    2022-11-25 19:03
    Reply
    0
    0
    9