✔️ Information reviewed and updated in July 2024 by Pedro Martínez González

In this section we will tell you if we consider that the company Midasfxtrades is a safe company or an unreliable company. Read our full analysis to find out everything!

We analyze the website, observe every detail and examine the main characteristics that are taken into account when choosing a good broker such as the location, the company to which it belongs, its regulation, its reputation...

Below we will show you essential information about Midasfxtrades and we will tell you why we reached such a conclusion:

Basic Information

🌐 Websitemidasfxtrades.com
🏠 Company*Does not mention it
RegulatoryNot regulated
📧 Email[email protected] - [email protected]
📈 PlataformOwn platform
📌 Address311 South Wacker Drive Suite 2675, Chicago, IL 60606, United States (fake)
🕑 Website ageWebsite registered on: September 09, 2023
Company typeCurrency Broker, stocks, ETFs, binary options and mutual funds

Company: Midasfxtrades does not mention which company it belongs to. Be very careful, we noticed a clear lack of transparency.

Location: The company mentions being located in the United States, but we believe this is false information.

We can already tell you that we are concerned about several characteristics of this company.

What is Midasfxtrades?

After having carried out an analysis of the company's website, we can say that Midasfxtrades is a broker for Forex, stocks, ETFs, binary options and mutual funds.

Account types

It offers 4 different types of accounts:

account typeminimum initial deposit

Information on the web

Midasfxtrades Website

Here we show you a screenshot of the Midasfxtrades website, which is midasfxtrades.com. The capture was made in DECEMBER 2023.

Contact: phone numbers and email

After having performed an analysis of the website:

– We have found the following emails: [email protected] | [email protected]

Regulation of Midasfxtrades

We have analyzed in depth the current ⚖️ regulatory situation ⚖️ in which this company finds itself and we have reached the following conclusion:

The broker presents us with a very worrying situation; he mentions absolutely nothing about regulating it. What does this make us think? We are talking about an unregulated broker. What does it mean? This means that the broker's clients and all their money are without any type of protection. That is to say, if the broker has bad intentions, most likely you will not be able to do anything to recover your money. Please be very careful with these types of companies. Think carefully before sending money, you are sending it to a company without any type of regulation or protection!

🚫 Midasfxtrades final valuation 🚫

As you can see, we have carried out a detailed and complete analysis of the most important characteristics of Midasfxtrades and we have reached the following conclusions about this company:

Location: It mentions being located in a place considered safe such as the United States, but we believe that this is false information with which they try to deceive customers.

Regulatory: They do not mention anything about its regulation, that is to say: we are talking about an unregulated company with a notable lack of clarity and seriousness.

Please remember that the company has been reported by different financial regulators (in this case the FCA, the UK regulator). Use EXTREME CAUTION.

This company does not mention which company it is part of, please be careful, there is a clear lack of seriousness and transparency.

After a thorough analysis of Midasfxtrades, our concerns have increased significantly. Although the company claims to be located in the United States, we strongly suspect that this information is false and could be an attempt to mislead customers.

The lack of information on regulation is a critical aspect, and in this case, we are faced with an unregulated company that shows a notable lack of clarity and seriousness in its operation. Additionally, it is important to note that Midasfxtrades has been reported by financial regulators, including the UK FCA.

The lack of transparency about the ownership entity and the absence of details about its affiliation with any company increase our concerns. We urge you to exercise extreme caution when considering any interaction with Midasfxtrades, as the lack of seriousness and transparency is evident.

Investing your money is a serious decision, and financial security is our priority. If you have been a victim of a scam or have more information about Midasfxtrades, we encourage you to share it with the community to protect other investors.

Remember, in the world of investments, caution is your best ally.


News about Midasfxtrades:

Date Update – news
November 2023Complaint against Midasfxtrades financial regulator FCA

We note that the company already has complaints from financial regulators. Please be very careful!

User Reviews

[democracy id = ”9057 ″]

What is your opinion? We invite you to collaborate with us and vote. You can also leave a comment about your experience with Midasfxtrades.

At the end of the review you will find customer comments.

How to Claim Money Scammed by Midasfxtrades

If what you want is to know how to claim your capital, if you have been scammed, further down in the FAQ section you can find our advice.

How to Report Midasfxtrades

If you feel dissatisfied with the service provided by the company, and for some reason you want to report it, below, in the FAQ section, you can find the best way to report this company.


Are there (recommended) alternatives to Midasfxtrades?

Yes, of course there are better and safer options! You can see here the brokers we recommend: ranking of the best brokers.

How can I report Midasfxtrades?

This depends on where you are, you should go to the financial regulator in your country. Write us a comment on this review and we will help you.

Is Midasfxtrades reliable?

No, based on our extensive review, we do not consider Midasfxtrades to be a trustworthy platform. The lack of transparency in its location, the absence of regulatory information, and complaints from financial regulators, such as the UK FCA, indicate a lack of seriousness and transparency in its operations. We recommend that you exercise extreme caution and explore safer and regulated alternatives in the investment market.

How to recover money from Midasfxtrades?

If you want to know how to recover your capital, you can see it here. We explain in detail the process of recovering money from a scam company, step by step.

About the Author: Pedro Martinez Gonzalez

I'll tell you a little about myself! I am a financial analyst and economist with a master's degree in finance.
About my studies: I studied at the University of Salamanca for a Degree in Economics and then did a Master's in Finance in Madrid.
Do you want more information? You can read more about me here in my biography.

2 comments on «Midasfxtrades: OPINION AND COMMENTS – IS IT A SCAM?»

  1. Juan Manuel Reply

    They want me to invest with them, but I don't want them to steal my money or rip me off. Can you help me? Blessings.

    • Recommended-brokers.com Reply

      Hello Juan Manuel, thank you for writing about Midasfxtrades. Currently this broker is considered a SCAM.

      If you are a client, do not invest more money, their only objective is to steal from you, they manipulate operations manually and keep the money from the moment it reaches their accounts, it never enters the market, everything is prepared so that they make you lose your money to have the excuse of keeping it.

      If you decide to withdraw and they ask you for a ransom in the form of commissions, taxes, fees, legalizations, etc. Never pay it!, that is the alert, from that moment you have to know that you are a client of a scam broker and even if you pay they will never return it to you.

      To help other users or customers, provide as much information as possible, explain how everything happened, where you saw the advertising, who called you, numbers from which you were dialed, emails and everything that comes to mind.

      If you want to recover your money go to our chat or fill out the form in this link: CLAIM YOUR MONEY


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