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Score

1.17 /10
Danger

MIDAS EXCHANGE

United Kingdom

1-2 years

Suspicious Regulatory License

Suspicious Scope of Business

High potential risk

https://midexc.com

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Regulatory Index0.00

Business Index4.36

Risk Management Index0.00

Software Index4.00

License Index0.00

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No valid regulatory information, please be aware of the risk

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Warning: Low score, please stay away!
Previous Detection : 2024-12-25
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!

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MIDAS EXCHANGE · Company summary
MIDAS EXCHANGEReview Summary
Founded1-2 years
Registered Country/RegionUnited Kingdom
RegulationUnregulated
Market InstrumentsForex, shares, commodities, precious metals, indices, and futures
Demo Account✅
LeverageUp to 500:1
Trading PlatformMTR Brochure and MT5
Min Deposit$50
Customer SupportTelephone: +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.

MIDAS EXCHANGE Information

Pros and Cons

ProsCons
Offers six types of tradable assetsUnregulated
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.

Is MIDAS EXCHANGE Legit ?
Is MIDAS EXCHANGE Legit ?

What Can I Trade on MIDAS EXCHANGE?

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

Tradable InstrumentsSupported
Forex✔
Shares✔
Commodities✔
Precious Metals✔
Indices✔
Futures✔
What Can I Trade on MIDAS EXCHANGE?

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.

FeatureStandard AccountPro Account
Base CurrencyUSD, EUR, GBP, PLN, AEDUSD, EUR, GBP, PLN, AED
Leverage500:1500:1
SpreadVariable0.5 pips better
CommissionNoNo
Execution ModeMarketMarket
MicrolotsYesYes
Minimum Deposit$50$20,000
Account Type

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 PlatformSupportedAvailable DevicesSuitable for
MTR Brochure✔Web and MobileBeginner
MT5✔Mobile and Desktop（Windows & macOS）Experienced Trader
Trading Platform

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.

Deposit and Withdrawal

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Wender
more than one year
I have experienced a challenge with a proof of residence proof document, the time of the document should be precisely stated.
I have experienced a challenge with a proof of residence proof document, the time of the document should be precisely stated.
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2024-07-16 18:47
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Jose Antonio Ramirez
more than one year
MIDAS EXCHANGE spreads and commissions are middle-of-the-road. The platform is decent for beginners, but it lacks advanced features for experienced traders. Customer service is okay, but it's not their strong suit.
MIDAS EXCHANGE spreads and commissions are middle-of-the-road. The platform is decent for beginners, but it lacks advanced features for experienced traders. Customer service is okay, but it's not their strong suit.
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2024-05-29 13:58
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