Midori FX Forex Broker

Midori FX Review Summary Founded2023 Registered Country/RegionSouth Africa RegulationExceeded Market Instrumentscurrency pairs, stock index, and commodities Demo AccountYes LeverageUp to 1:2000 SpreadFrom 0.0 pips Trading PlatformMT5 Min Deposit$0 Customer Supportsupport@midorifx.com +27120043084Midori FX Information Midori FX, based in South Africa, is an online trading broker that provides access to over 57 FX currency pairs, stock indices, and commodities via the MT5 platform. They offer three account types: Standard, Raw, and Bull, with leverage up to 1:2000. Spreads start from 0.0 pips on the Raw account, and transaction fees vary. The minimum deposit is $0, and both deposits and withdrawals are free, with options including cryptocurrencies and credit/debit cards.Pros and Cons ProsCons Supports Meta Trader 5 Exceeded regulation High leverage up to 1:2000 Higher minimum deposit for a bull account No fees for deposits and withdrawals Commission on raw accountIs Midori FX Legit? Midori FX once had a Financial Service Corporate license regulated by the Financial Sector Conduct Authority (FSCA) in South Africa with a license number 53077. But it has exceeded currently. Regulatory StatusExceeded Regulated bySouth Africa Licensed InstitutionThe Financial Sector Conduct Authority (FSCA) Licensed TypeFinancial Service Corporate Licensed Number53077What Can I Trade on Midori FX? Midori FX offers trading in over 57 FX currency pairs (Major, Minor, Exotic), stock indices, and commodities like metals and energy. Tradable InstrumentsSupported Currency Pairs✔ Commodities✔ Metals✔ Stock Indices✔ Bonds❌ Shares❌ Futures❌Account Type Midori FX offers three account types: Standard (bonus-eligible, no transaction fees), Raw (low spreads, commission-based, bonus-eligible), and Bull (lowest spreads, no bonus, high leverage, no order limit, higher minimum deposit). Besides, they also offer demo accounts. FeatureStandard AccountRaw AccountBull Account DescriptionEligible for bonuses, no transaction fees, popular for all trader levels.Applicable for low spreads, bonus available, fee charged per transaction, recommended for bonus users.Not applicable for low spreads, no transaction fees, not eligible for bonuses, high leverage, no order limit. Bonus for opening an accountYesYesNo Deposit bonusYesYesNo Active Interest ProgramYesYesYes Spreads from (pips)1.5~0.0~0.6~ Maximum leverage1:10001:10001:2000 Target for transactionOver 57 FX currency pairs, stock index, CommoditiesOver 57 FX currency pairs, stock index, CommoditiesOver 57 FX currency pairs, stock index, Commodities Base Transaction CurrencyUSD, JPYUSD, JPYUSD, JPY Margin Call100%100%100% Stop Out50%50%20% Maximum Number of Orders200200No Limit Minimum DepositNoneNone2,000 USD Transaction feeFreeUSD account: 6 USD/lot (round trip)FreeLeverage Midori FX provides a maximum leverage of 1:1000 for its Standard and Raw accounts, and a higher maximum leverage of 1:2000 for its Bull account. FeatureStandard AccountRaw AccountBull Account Maximum leverage1:10001:10001:2000Midori FX Fees Spreads and commissions: Midori FX offers spreads starting from 1.5 pips on the Standard account and from 0.0 pips on the Raw and 0.6 pips on the Bull account, with maximum leverage of 1:1000 for Standard and Raw, and 1:2000 for Bull; transaction fees are free for Standard and Bull accounts, while the Raw account charges 6 USD per lot (round trip) for USD-based accounts. FeatureStandard AccountRaw AccountBull Account Spreads from (pips)1.5~0.0~0.6~ Transaction feeFreeUSD account: 6 USD/lot (round trip)Free Swap points: Midori FX's swap points for major currency pairs vary, with some pairs like EURUSD and AUDUSD having negative swap values for long positions and positive for short, while others like USDJPY and USDCHF show positive swap for long and negative for short positions. Non-Trading Fees: Deposit FeeFree Withdrawal FeeFree Account OpeningFree Account MaintenanceFreeTrading Platform Trading PlatformSupportedAvailable DevicesSuitable for MT5✔PC and MobileInvestors of all experience levelsDeposit and Withdrawal Midori FX charges no fees for deposits and withdrawals. The minimum deposit is $0. Deposit Options Midori FX allows deposits via various cryptocurrencies (BTC, ETH, XRP, USDT, BCH, LTC, DASH) and credit/debit cards (Visa/Mastercard) in USD or JPY. Withdrawal Options Midori FX primarily uses cryptocurrency for withdrawals, with credit card withdrawals also possible up to the deposited amount.