MIDAS EXCHANGE Spreads, leverage, minimum deposit Revealed

WikiFX | 2024-12-09 10:21

Abstract：Midas Exchange was established in the United Kingdom and has been operational for 1-2 years. It offers six types of tradable assets and provides two account types, with a minimum deposit requirement of $50. However, it is unregulated.

MIDAS EXCHANGEReview Summary
Founded	1-2 years
Registered Country/Region	United Kingdom
Regulation	Unregulated
Market Instruments	Forex, shares, commodities, precious metals, indices, and futures
Demo Account	✅
Leverage	Up to 500:1
Trading Platform	MTR Brochure and MT5
Min Deposit	$50
Customer Support	Telephone: +44 20 8133 3045
	Email: support@midexc.com
	Address: 108 Park End St, GL18 5AQ, London, United Kingdom

MIDAS EXCHANGE Information

　　Midas Exchange was established in the United Kingdom and has been operational for 1-2 years. It offers six types of tradable assets and provides two account types, with a minimum deposit requirement of $50. However, it is unregulated.

Pros and Cons

Pros	Cons
Offers six types of tradable assets	Unregulated
Provides two account types
Minimum deposit of $50

Is MIDAS EXCHANGE Legit ?

　　Midas Exchange is not regulated in its country of registration. Its domain, midasexchange.com, was registered on May 13, 2023, and will expire on May 13, 2025.

What Can I Trade on MIDAS EXCHANGE?

　　Midas Exchange offers six types of trading products: Forex, shares, commodities, precious metals, indices, and futures.

Tradable Instruments	Supported
Forex	✔
Shares	✔
Commodities	✔
Precious Metals	✔
Indices	✔
Futures	✔

Account Type

　　Midas Exchange offers two types of accounts: the Standard Account and the Pro Account. Both accounts support base currencies in USD, EUR, GBP, PLN, and AED, with leverage of up to 500:1. Additionally, Midas Exchange provides a demo account.

Feature	Standard Account	Pro Account
Base Currency	USD, EUR, GBP, PLN, AED	USD, EUR, GBP, PLN, AED
Leverage	500:1	500:1
Spread	Variable	0.5 pips better
Commission	No	No
Execution Mode	Market	Market
Microlots	Yes	Yes
Minimum Deposit	$50	$20,000

Trading Platform

　　Midas Exchange offers two platforms:

MTR Brochure is suitable for beginners, supporting Web and mobile devices.
MT5 is designed for experienced traders, supporting both desktop and mobile devices.

Trading Platform	Supported	Available Devices	Suitable for
MTR Brochure	✔	Web and Mobile	Beginner
MT5	✔	Mobile and Desktop（Windows & macOS）	Experienced Trader

MIDAS EXCHANGE Fees

　　Midas Exchange offers different spread and commission structures. The Standard Account features variable spreads, while the Pro Account offers tighter spreads (0.5 pips better than the Standard Account). Neither account charges any commission.

Deposit and Withdrawal

　　The Standard Account requires a minimum deposit of $50, while the Pro Account has a higher minimum deposit of $20,000. Both accounts support deposits in multiple base currencies, including USD, EUR, GBP, PLN, and AED.