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MIDASFX

Severe riskForex / CFD broker
🇱🇨 Saint Lucia · 2-5 years · since 2023-03-08 · MidasFX
Unregulated
Visit site ↗
—/5
★★★★★ ★★★★★
7 reviews ›
0
Licenses ›
1
Withdrawal issues ›
—
Min. deposit ›
1:1000
Max leverage ›
2
Account types ›
75/100
Scam risk ›
0
Clone sites ›
Accounts: STDECN
▲ 100% positive▼ 0% negative
Independent ratingshow third parties score this broker
WikiFX2.09/10
Trustpilot—/5
Forex Peace Army3.882/5
🛡️ Been scammed or can’t withdraw from MIDASFX? Our free assistant writes up your case and shows exactly what to do next →
🇺🇸
MIDASFX operates in your country (United States) — but holds no local license. You’d likely be onboarded under an offshore entity, which means weaker fund protection. Confirm which entity before depositing.
75
Severe risk
Scam Risk Scoremonitored · 2026-07-28
Lower riskHigher risk
  • No verified regulatory license on file
  • Registered in Saint Lucia (offshore, light oversight)
  • Withdrawal complaints in ~100% of recent reviews
How this score is calculated — view the open algorithm

A transparent weighted score from objective public data — each factor scored 0–100 (higher = riskier), combined by the weights below.

FactorScoreWeight
Regulation & licensing8535%
Company age4515%
Clone / impersonation012%
Withdrawal & exposure complaints612%
Offshore registration808%
Transparency (site/info/social)2510%
Real-user sentiment208%

Based on public regulatory records, industry databases and independent reviews (Trustpilot, Forex Peace Army). Exit Risk reflects recent negative momentum in real reviews. A risk estimate from public data, not a definitive legal judgment; brokers may request a correction.

Company
Legal nameMidasFX
Headquarters🇱🇨 Saint Lucia
Founded2023-03-08
Years operating2-5 years
Employees0
Official websitemidasfx.com
Trading conditions
Avg execution speed0 ms
Avg slippage0
Swap rating—
Trading cost rating—
Monitored traders0
Monitored orders0
Funding & instruments
Deposit methods7 · ETH, USDT, BTC
Withdrawal methods · --
InstrumentsForexCryptosIndicesMetals
Registered address
Ground Floor, The Sotheby Building, Rodney Village, Rodney Bay, Gros-Islet, Saint Lucia

Regulation & licenses · 0

No valid regulatory license found — high caution advised.

Account types · 2

AccountMax leverageMin. depositMin. spreadCommissionEA
STD1:1000--From 0.7 None; except Indices: $5 per 100k✓
ECN1:1000--From 0$5 per 100k✓

Review analysis AI

Across 1 recent Trustpilot reviews, 0% are 1–2 star. The single most common complaint is being unable to withdraw funds (1 reports) — the classic warning sign in forex.

0
Period:
What users praise
Where reviewers are from
Thailand1

Real user reviews

Where MIDASFX operates

Active across 3 markets (by market presence). Licensing rarely covers all of them — where it isn’t locally licensed, you’re onboarded under an offshore entity with weaker protection.

🇺🇸 United States
🇻🇳 Vietnam
🇮🇳 India

Market presence: WikiFX SkyEye · complaints: our records · licensing: official registers. Where you’re accepted is set by the broker’s own terms — always confirm before depositing.

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About MIDASFX

MIDASFX is a forex and CFD broker based in Saint Lucia, with records dating to 2023-03-08. Critically, we could not verify any active forex-trading license for this broker.

FXCanary’s verdict is “Severe.” The combination of weak regulation and user complaints means your capital could be at serious risk.

Overview compiled by FXCanary from regulatory records and public data. full MIDASFX review