Midori FX

Midori FX Information

Midori FX, based in South Africa, is an online trading broker that provides access to over 57 FX currency pairs, stock indices, and commodities via the MT5 platform. They offer three account types: Standard, Raw, and Bull, with leverage up to 1:2000. Spreads start from 0.0 pips on the Raw account, and transaction fees vary. The minimum deposit is $0, and both deposits and withdrawals are free, with options including cryptocurrencies and credit/debit cards.

Pros and Cons

Is Midori FX Legit?

Midori FX once had a Financial Service Corporate license regulated by the Financial Sector Conduct Authority (FSCA) in South Africa with a license number 53077. But it has exceeded currently.

What Can I Trade on Midori FX?

Midori FX offers trading in over 57 FX currency pairs (Major, Minor, Exotic), stock indices, and commodities like metals and energy.

Account Type

Midori FX offers three account types: Standard (bonus-eligible, no transaction fees), Raw (low spreads, commission-based, bonus-eligible), and Bull (lowest spreads, no bonus, high leverage, no order limit, higher minimum deposit). Besides, they also offer demo accounts.

Leverage

Midori FX provides a maximum leverage of 1:1000 for its Standard and Raw accounts, and a higher maximum leverage of 1:2000 for its Bull account.

Midori FX Fees

Spreads and commissions:

Midori FX offers spreads starting from 1.5 pips on the Standard account and from 0.0 pips on the Raw and 0.6 pips on the Bull account, with maximum leverage of 1:1000 for Standard and Raw, and 1:2000 for Bull; transaction fees are free for Standard and Bull accounts, while the Raw account charges 6 USD per lot (round trip) for USD-based accounts.

Swap points:

Midori FX's swap points for major currency pairs vary, with some pairs like EURUSD and AUDUSD having negative swap values for long positions and positive for short, while others like USDJPY and USDCHF show positive swap for long and negative for short positions.

Non-Trading Fees:

Trading Platform

Deposit and Withdrawal

Midori FX charges no fees for deposits and withdrawals. The minimum deposit is $0.

Deposit Options

Midori FX allows deposits via various cryptocurrencies (BTC, ETH, XRP, USDT, BCH, LTC, DASH) and credit/debit cards (Visa/Mastercard) in USD or JPY.

Withdrawal Options

Midori FX primarily uses cryptocurrency for withdrawals, with credit card withdrawals also possible up to the deposited amount.