MIDAS EXCHANGE broker Accounts

MidasFX Account Types

　　MidasFX offers two main types of trading accounts: ECN Account and STD Account. The ECN account is particularly well-suited for beginners, providing a straightforward trading experience with competitive spreads and reliable execution. Key features of the ECN account include:

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, cryptocurrencies, indices, and metals.
Trading Platforms: MetaTrader 4 (MT4) and MetaTrader 5 (MT5).
Minimum Trade Size: 0.01 lot.
Maximum Number of Positions: 200 for live accounts on MT4 and MT5.
Negative Balance Protection: Yes.

　　The STD account, on the other hand, charges only the spread with no additional commission. Key features include:

Minimum Deposit: $1
Maximum Leverage: 1:1000
Trading Fees: Only spread is charged, variable spreads starting from 0.7 pips.
Trading Instruments: Same as ECN account.
Trading Platforms: MT4 and MT5.
Minimum Trade Size: 0.01 lot.
Maximum Number of Positions: Same as ECN account.
Negative Balance Protection: Yes.

　　Both account types require KYC verification and allow various trading styles, including scalping and EA trading.

MidasFX Broker Account Opening Process

　　To open an account with MidasFX, follow these steps:

Visit the MidasFX Website: Go to the official MidasFX website.
Select Account Type: Choose between the ECN or STD account.
Complete the Registration Form: Fill in your personal details, including email and desired account currency.
KYC Verification: Submit the required identification documents for KYC verification.
Initial Deposit: Fund your account with a minimum deposit of $1.
Access Trading Platforms: Download MetaTrader 4 or MetaTrader 5 to start trading.
Demo Account Option: You can also create a demo account for practice, which is valid for 30 days.