Rating Index

Pros

Offers the MT4 trading platform, which is popular among traders.

Provides a variety of trading instruments, including forex, commodities, and precious metals.

Claims to have been operational for several years, which may suggest some level of experience in the market.

Cons

Unregulated and lacks valid licensing, posing a significant risk to traders.

High minimum deposit requirement of $1,000, which is above the industry average.

Numerous complaints and allegations of being a scam or pyramid scheme, raising concerns about the safety of funds and legitimacy of services.

Midasama broker Accounts

Midasama Account Type

Midasama offers five different types of trading accounts, each with varying minimum deposit requirements. The account types are as follows:

Basic Account: Minimum deposit of $1,000.
Standard Account: Minimum deposit of $5,000.
Premium Account: Minimum deposit of $10,000.
Pro Account: Minimum deposit of $50,000.
VIP Account: Minimum deposit of $100,000.

These accounts provide access to a range of trading instruments, including forex, commodities, precious metals, stocks, and indices. However, Midasama does not offer a demo account, and specific details about trading conditions, such as leverage and spreads, are not disclosed.

Midasama Broker Account Opening Process

To open an account with Midasama, follow these steps:

Visit the Official Website: Go to Midasama's website.
Select Account Type: Choose the desired account type based on your investment capacity.
Fill Out the Application: Provide the necessary personal information, including your name, address, and contact details.
Deposit Funds: Make the minimum required deposit for the selected account type via wire transfer.
Submit Required Documents: You may need to submit identification documents for verification purposes.
Start Trading: Once your account is approved and funded, you can begin trading using the MT4 platform.

Please be aware that Midasama is an unregulated broker, and there have been numerous complaints regarding withdrawal issues and account liquidations. It is crucial to evaluate the risks before opening an account with this broker.