Midasama Spreads, leverage, minimum deposit Revealed

WikiFX | 2025-01-03 10:43

Abstract：According to WikiFX's investigation, there is no regulatory approval or oversight from any recognized financial regulatory organizations.

　　Note: Midasama's official website: https://www.midasama.com is currently inaccessible normally.

MidasamaReview Summary
Founded	2012
Registered Country/Region	Malaysia
Regulation	Scam Broker
Market Instruments	Forex, Precious metals, Commodities, Indices, Stocks
Demo Account	❌
Leverage	/
Spread	/
Trading Platform	MT4
Min Deposit	$1,000
Customer Support	Email: support@midasama.com

Midasama Information

　　Midasama claims to have been established in 2012 and is registered in Malaysia. It offers trading products including Forex, precious metals, commodities, indices and stocks. In addition, it offers MT4 as a trading platform. However, this broker is currently unregulated and illegal.

Pros and Cons

Pros	Cons
Offer MT4 as the trading platform	An illegal broker
	No payment method information
	The official website cannot be accessed

Is Midasama Legit?

　　Midasama is unregulated and illegal. The registration time on the official website is 2019, but it can't be accessed.

What Can I Trade on Midasama?

　　Midasama mentioned that it offers trading in forex, commodities, precious metals, stocks and indices.

Tradable Instruments	Supported
Forex	✔
Precious metals	✔
Commodities	✔
Indices	✔
Stocks	✔
Bonds	❌
ETF	❌

Account Types

　　Midasama claims to offer 5 different account types. The basic account requires a minimum deposit of $1,000. The next set of accounts require you to deposit at least $5,000, $10,000, $50,000 and $100,000, respectively.