Overall Rating: ★★☆☆☆ (2.0/5.0)

MidasFX is an offshore forex and CFD broker that claims to offer trading via MetaTrader 4 (MT4) with high leverage, fast execution, and crypto-based funding options. However, the broker operates without any recognised regulatory oversight, and there is limited transparency regarding its ownership, licensing, or client fund security. Despite offering attractive incentives and high leverage, MidasFX raises serious red flags in terms of trustworthiness, regulation, and long-term sustainability.

This MidasFX review outlines the broker’s offerings, costs, security features, and risks to help you determine if it’s a safe choice in 2025.

Key Features

MidasFX is structured to appeal to retail traders with a focus on crypto-funded accounts, aggressive bonuses, and flexible leverage.

• Trading Platform:
  • MetaTrader 4 (MT4) only
• Markets Offered:
  • Forex, indices, commodities, and some cryptocurrencies
• Account Types:
  • Multiple account tiers (Standard, Pro), but details are vague
• Leverage:
  • Up to 1:500
• Minimum Deposit:
  • $100 (in crypto equivalent)
• Funding Methods:
  • Bitcoin and other cryptocurrencies only

Regulation and Security

MidasFX is an unregulated offshore broker, which means traders have no legal protection if something goes wrong.

• No regulation from any financial authority
• No public business registration or verified licensing
• No investor compensation scheme or negative balance protection
• No confirmed fund segregation or audit trail
• No legal recourse for disputes or fund recovery

Pricing and Costs

MidasFX claims to offer tight spreads and no commissions, but does not publish exact trading conditions or fee schedules.

• Spreads:
  • Not transparently disclosed
• Commission:
  • Allegedly zero, though execution may include hidden costs
• Deposit/Withdrawal Fees:
  • Blockchain fees apply
• Inactivity Fee:
  • Not disclosed

Educational Resources and Customer Support

Educational support is minimal or non-existent, with most resources focused on onboarding or crypto deposits.

• Education:
  • Limited to basic platform setup
  • No tutorials, webinars, or trading courses
• Market Analysis:
  • None provided
• Customer Support:
  • Email and chat only
  • No phone support or verified customer service hours

Risk Management Tools

MidasFX offers standard MT4 functions but no proprietary risk tools or safeguards.

• Stop-loss, take-profit, and trailing stops
• No guaranteed stop-loss orders (GSLOs)
• No margin alerts or leverage control tools
• No negative balance protection guaranteed

Pros and Cons

Pros

• MT4 access with high leverage
• Crypto deposits accepted
• Low minimum deposit

Cons

• Unregulated and unlicensed
• No investor protection or client fund security
• Lack of transparency around pricing and ownership
• No educational or analytical tools
• Serious trust and withdrawal issues reported

Conclusion: Is MidasFX the Right Choice?

MidasFX is not recommended due to its complete lack of regulation, zero transparency, and weak customer protection. While it may appeal to high-risk crypto traders with its MT4 access and leverage, the risks far outweigh the benefits. There are no verified trust signals, and fund recovery options are nearly impossible if issues arise.

Traders looking for safety, transparency, and long-term success should opt for regulated brokers like AvaTrade, Pepperstone, or IC Markets, which offer proper oversight, segregated accounts, and investor protection.