Abstract:According to WikiFX's investigation, there is no regulatory approval or oversight from any recognized financial regulatory organizations.
Note: Midasama's official website: https://www.midasama.com is currently inaccessible normally.
MidasamaReview Summary | |
Founded | 2012 |
Registered Country/Region | Malaysia |
Regulation | Scam Broker |
Market Instruments | Forex, Precious metals, Commodities, Indices, Stocks |
Demo Account | ❌ |
Leverage | / |
Spread | / |
Trading Platform | MT4 |
Min Deposit | $1,000 |
Customer Support | Email: support@midasama.com |
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 | Cons |
Offer MT4 as the trading platform | An illegal broker |
No payment method information | |
The official website cannot be accessed |
Midasama is unregulated and illegal. The registration time on the official website is 2019, but it can't be accessed.
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 | ❌ |
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.
Midasama is offering a downloadable version of the MT4 trading platform to its traders.
Trading Platform | Supported | Available Devices | Suitable for |
MT4 | ✔ | - | All traders |
MT5 | ❌ |
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Rupee continued to fall for the sixth time in seven trading sessions on Wednesday (June 4, 2025) under robust demand for the US dollar. The Indian National Rupee slipped past 86 to the US dollar. The fall is attributable to the bullish bets made by traders for the USD. The day saw the rupee falling to 86.025 before recovering to end the day at 85.90. It was 0.4% lower than the previous day's close.