MidasFX Account Types

　　MidasFX offers two major types of trading accounts: ECN Account and STD Account. Each account type is designed to cater to different trading needs and levels of experience.

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 for MT4, 100 lots for MT5
• KYC Verification: Required
• Negative Balance Protection: Yes
• Maximum Number of Positions: 200 for live accounts, 100 for demo accounts

STD Account

• 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 for MT4, 100 lots for MT5
• KYC Verification: Required
• Negative Balance Protection: Yes
• Maximum Number of Positions: 200 for live accounts, 100 for demo accounts

MidasFX Broker Account Opening Process

　　Opening an account with MidasFX is a straightforward process that can be completed online in just a few minutes. Here are the steps involved:

• Choose Account Type: Decide whether you want to open an ECN or STD account based on your trading needs.
• Fill Out Application Form: Provide personal details including your full name, email address, phone number, and desired account type.
• KYC Verification: Complete the Know Your Customer (KYC) verification by submitting the required identification documents.
• Initial Deposit: Make a minimum deposit of $1 to fund your account.
• Access Trading Platforms: Once your account is approved, you can access the trading platforms (MT4 or MT5) to start trading.

　　Note: It may take only 5 to 7 minutes to complete the entire account opening process, and demo accounts are available with a validity of 30 days.