MidasFX Account Types

　　MidasFX offers two primary account types designed to cater to different trading needs: ECN Account and STD Account.

ECN Account

• Best for: Beginners
• Minimum Deposit: $1
• Maximum Leverage: 1:1000
• Trading Fees: Commission of $5 per 100k traded, variable spreads starting from 0.0 pips.
• Trading Instruments: Forex, Cryptos, Indices, Metals
• Trading Platforms: MT4, MT5
• Minimum Trade Size: 0.01 lot
• Maximum Trade Size: 1000 lots on MT4, 100 lots on MT5
• Stop Out Level: 40%
• Margin Call Level: 100%
• Negative Balance Protection: Yes
• Investor Protection: No investor protection available.

STD Account

• Best for: General trading
• Minimum Deposit: $1
• Maximum Leverage: 1:1000
• Trading Fees: Only spread is charged (no commission), variable spreads starting from 0.7 pips.
• Trading Instruments: Forex, Cryptos, Indices, Metals
• Trading Platforms: MT4, MT5
• Minimum Trade Size: 0.01 lot
• Maximum Trade Size: 1000 lots on MT4, 100 lots on MT5
• Stop Out Level: 40%
• Margin Call Level: 100%
• Negative Balance Protection: Yes
• Investor Protection: No investor protection available.

　　For both account types, KYC verification is required, and the demo account has a validity of 30 days.

MidasFX Broker Account Opening Process

　　To open an account with MidasFX, follow these steps:

• Visit the Website: Navigate to the MidasFX website and find the "Sign Up" or "Open an Account" option.
• Enter Email Address: Input your email address on the main page.
• Complete Registration Form: Fill in all required personal and financial information.
• Verification: While the website mentions that no verification is needed to begin trading, standard practice requires some form of identity and address verification, especially before withdrawals.
• Deposit Funds: Go to the "Funding" section and select your preferred deposit method to transfer the desired amount to fund your trading account.

　　This straightforward process allows traders to get started quickly, with account openings typically taking only 5 to 7 minutes.