MidasFX Forex Broker keeps up-to-date with the latest trading account information, including ECN, STD maximum leverage of 1:1000, trading varieties, and more
Rating Index
Pros
High leverage options up to 1:1000, appealing to experienced traders looking for significant market exposure.
Variety of trading platforms available, including popular options like MT4 and MT5, enhancing user experience.
Low minimum deposit requirement of $1, making it accessible for new traders to start trading.
Cons
Lack of regulation raises serious concerns about safety and the potential for scams, as the broker operates in a gray area.
High withdrawal fees, reportedly exceeding 20%, can significantly reduce profits and complicate the withdrawal process.
Misleading bonus offers with stringent withdrawal conditions, making it challenging for traders to access their funds.
MidasFX broker Accounts
ECN
Environment
--
Currency
--
Maximum Leverage
1:1000
SupportedEA
Minimum Deposit
--
Minimum Spread
From 0
Depositing Method
--
Withdrawal Method
--
Minimum position
0.01
Commission
$5 per 100k
Products
Forex, Cryptos, Indices, Metals
STD
Environment
--
Currency
--
Maximum Leverage
1:1000
SupportedEA
Minimum Deposit
--
Minimum Spread
From 0.7
Depositing Method
--
Withdrawal Method
--
Minimum position
0.01
Commission
--
Products
Forex, Cryptos, Indices, Metals
MidasFX Account Type
MidasFX offers two main types of trading accounts to cater to different trading preferences:
- ECN Account:
- Spreads: From 0 pips.
- Commission: $5 per 100k traded.
- Minimum Deposit: $1.
- Maximum Leverage: Up to 1:1000.
- Minimum Trade Size: 0.01 standard lots.
- Stop Out Level: 40%.
- Available Markets: Forex, cryptocurrencies, indices, metals.
- Trading Platforms: Available on MT4 and MT5.
- Standard (STD) Account:
- Spreads: From 0.7 pips.
- Commission: None.
- Minimum Deposit: $1.
- Maximum Leverage: Up to 1:1000.
- Minimum Trade Size: 0.01 standard lots.
- Stop Out Level: 40%.
- Available Markets: Forex, cryptocurrencies, indices, metals.
- Trading Platforms: Available on MT4 and MT5.
- Visit the Website: Navigate to the MidasFX website.
- Sign Up: Click on the “Sign Up” button on any page.
- Enter Email: Provide your email address to start the registration.
- Complete Registration: Fill in the required personal and financial information.
- Choose Account Type: Select the account type (ECN or STD) and currency.
- Deposit Funds: Fund your account using available methods, primarily cryptocurrencies.
- Start Trading: You can begin trading immediately, with no verification needed to start.
Both account types allow traders to engage in various trading strategies, including scalping and algorithmic trading.
MidasFX Broker Account Opening Process
Opening an account with MidasFX is a straightforward process that can be completed online in just a few steps:
The minimum deposit required to open an account is just $1, and the process is designed to be quick and efficient.
MidasFX Similar Broker Accounts
Explore broker markets account types: forex/trading accounts with demo access.
MidasFX accounts can be viewed for products that can be traded Forex, Cryptos, Indices, Metals accounts with a minimum deposit of -- by (2+) --.