Midori FX is a forex brokerage established in November 2023. The company operates under the name Midori FX (Pty) Ltd, with its headquarters located at 697 Jacques Street, Moreleta Park, Pretoria, Gauteng, 0181, South Africa. As a private company, Midori FX primarily targets retail traders and institutional clients, offering a range of trading services tailored to meet the needs of both market segments.
Since its inception, Midori FX has aimed to create a robust trading environment that emphasizes user experience and accessibility. The broker has quickly gained attention in the forex market, focusing on providing tools and resources that empower traders to make informed decisions. The company's business model revolves around retail forex trading, offering access to various currency pairs and CFDs.
Midori FX's development journey has been marked by its commitment to leveraging technology for improved trading experiences. The introduction of advanced trading platforms and features has positioned Midori FX as a player in the competitive forex market. As the company continues to evolve, it aims to expand its offerings and enhance its services to better serve its clients.
Midori FX operates under the regulatory oversight of the Financial Sector Conduct Authority (FSCA) in South Africa. The broker holds a license with the number FSP 53077, which is crucial for ensuring compliance with local financial regulations. This regulatory framework aims to protect investors and maintain market integrity.
The FSCA oversees the activities of Midori FX, ensuring that the broker adheres to the necessary standards and practices. The license is valid for the duration of the company's operations, provided that it remains compliant with FSCA regulations. However, it is important to note that Midori FX is not regulated by any other major financial authorities globally, which may raise concerns for some investors.
Midori FX implements a customer fund segregation policy, ensuring that client funds are kept separate from the company's operational funds. This practice is essential for protecting investors' capital, particularly in the event of financial difficulties faced by the broker. Additionally, the broker adheres to Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations, requiring clients to verify their identities before engaging in trading activities.
Midori FX offers a diverse range of trading products, primarily focusing on forex currency pairs. The broker provides access to over 57 currency pairs, including major, minor, and exotic pairs. This extensive selection allows traders to explore various market opportunities and implement diverse trading strategies.
In addition to forex trading, Midori FX offers Contracts for Difference (CFDs) on various asset classes, including:
The broker frequently updates its product offerings, adding new instruments and enhancing existing ones to meet the evolving needs of its traders. Midori FX caters to both retail and institutional clients, providing tailored services that accommodate the unique requirements of each segment.
Midori FX supports the MetaTrader 5 (MT5) trading platform, which is renowned for its advanced features and user-friendly interface. This platform allows traders to execute trades with exceptional speed and efficiency, boasting an impressive 99.99% order execution rate. The broker's commitment to technology ensures that traders can capitalize on market opportunities without delays, even in volatile conditions.
The MT5 platform offers various functionalities, including multiple chart timeframes, over 96 technical indicators, and real-time market analysis tools. Traders can access the platform via desktop, web, and mobile applications, ensuring flexibility and convenience for users on the go.
Midori FX does not currently offer proprietary trading platforms or additional automated trading solutions. However, the broker provides robust API access for traders interested in automated trading strategies, allowing them to connect their systems seamlessly to the MT5 platform.
Midori FX offers a variety of account types to cater to different trading preferences and styles. The main account types include:
All accounts support trading in various asset classes, and the broker offers a demo account for clients to practice their trading strategies without financial risk.
Regarding leverage, Midori FX provides a maximum leverage of 1:2000, allowing traders to amplify their positions significantly. The broker's policies include a stop-out level at 50% and a margin call level at 100%.
The minimum trade size is set at 0.01 lots, accommodating both small and large traders. Additionally, the broker does not offer swap-free accounts, which may be a consideration for Muslim traders seeking compliant options.
Midori FX supports various deposit methods, including:
The minimum deposit requirement varies by account type, with no minimum for the standard account. Deposits are processed quickly, typically within 24 hours, although processing times may vary based on the chosen method.
The broker does not impose deposit fees, making it cost-effective for clients to fund their accounts.
Withdrawal options include:
Withdrawals are generally processed within 1-3 business days, depending on the method used. However, clients should be aware that withdrawal requests may be subject to fees based on the payment method and the broker's policies.
Midori FX provides comprehensive customer support through various channels, including:
The support team operates during business hours, covering multiple time zones to assist clients effectively. Midori FX offers multi-language support, catering to a diverse client base.
In terms of educational resources, Midori FX provides access to various materials, including:
Additionally, the broker offers trading tools such as calculators and economic calendars to assist clients in their trading endeavors.
Midori FX primarily serves clients in South Africa and other regions where it is legally permitted. The broker has a strong presence in the local market, aiming to expand its reach to international clients while adhering to regulatory requirements.
However, Midori FX does not accept clients from several countries, including:
This restriction is in place to comply with local laws and regulations, ensuring that the broker operates within the legal frameworks of the jurisdictions it serves.
In summary, Midori FX offers a comprehensive trading experience for both retail and institutional clients, with a focus on technology, customer support, and diverse trading products. However, potential clients should carefully consider the regulatory landscape and the broker's operational practices before engaging in trading activities.
FX3613021943
Japan
Just like XM, this place used to have many bonuses and extremely wide spreads, but recently the bonuses have decreased. Also, there's a restriction where if you withdraw using the bonus, you won't be able to use bonuses for about a month. Withdrawals are processed normally though.
37130
2025-07-26