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 | ❌ |
WNS Trade Limit, established in 2023, is a forex broker incorporated in Mauritius under registration number C200345. The company operates under the jurisdiction of the Financial Services Commission (FSC) of Mauritius, holding license number GB232201953.
T4Trade, established in 2021 and regulated by the FSA in the Seychelles, allows trading on a modest portfolio of over 300 instruments, spanning forex, metals, indices, commodities, futures, and shares, all accessible via the popular MetaTrader 4 and their proprietary WebTrader platforms. Notably, T4Trade offers a zero-commissions pricing model where both floating and fixed spreads are offered on its MetaTrader—flexible leverage up to 1000:1 to increase trading flexibility. T4Trade also introduces a copy trading service called “TradeCopier”, which enables traders who lack experience or time to join in the markets by copying the trades of seasoned professionals.
GQFX Trading review 2025: Unregulated broker with poor ratings. Learn why trading with GQFX is risky and unsafe for your investments.
FTMO enhances prop trading with the OANDA Prop Trader Community and loyalty program, integrating CRM automation and rewards post-acquisition.