Score
Midas
Vanuatu|5-10 years| http://www.mdsforex.com/
Website
Rating Index
Contact
Licenses
Licensed Institution：Midas Financial Management Holding Limited
License No.：Unreleased
Single Core
1G
40G
1M*ADSL
- It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
Basic information
Vanuatu
5-10 years Suspicious Regulatory License Suspicious Scope of Business Vanuatu Retail Forex License Revoked High potential riskUsers who viewed Midas also viewed..
ATFX
- 5-10 years |
- Regulated in Australia |
- Market Making(MM) |
- MT4 Full License
MultiBank Group
- 10-15 years |
- Regulated in Australia |
- Market Making(MM) |
- MT4 Full License
HFM
- 10-15 years |
- Regulated in Cyprus |
- Market Making(MM) |
- MT4 Full License
AUS GLOBAL
- 10-15 years |
- Regulated in Cyprus |
- Market Making(MM) |
- MT4 Full License
Website
mdsforex.com
Server Location
Hong Kong
Website Domain Name
mdsforex.com
Website
GRS-WHOIS.HICHINA.COM
Company
HICHINA ZHICHENG TECHNOLOGY LTD.
Domain Effective Date
0001-01-01
Server IP
103.59.146.125
Genealogy
VIP is not activated.Company Summary
Note: For some unknown reason, we cannot open Midas official site (http://www.mdsforex.com/) while writing this introduction, therefore, we could only gather relevant information from the Internet to present a rough picture of this broker. Traders should be careful about this issue.
General Information & Regulation
Midas, a trading name of Midas Financial Management Holding Limited, is allegedly a forex broker registered in Vanuatu that claims to provide its clients with the state-of-the-art MetaTrader4 trading platform.
As this brokerage's website cannot be accessed, we were unable to obtain further details about its trading assets, leverage, spreads, minimum deposit, etc.
As for regulation, it has been verified that Midas official regulatory status is Revoked. That is why its regulatory status on WikiFX is listed as “No License” and receives a relatively low score of 1.51/10. Please be aware of the risk.
Market Instruments
Midas advertises that it is a forex broker that mainly offers forex trading. However, more specific information about tradable assets cannot be found on the Internet.
Trading Platform Available
The platform available for trading at Midas is the industry-standard MetaTrader4. In any case, we recommend using MT4 or MT5 for your trading platform. Forex traders praise MetaTrader's stability and trustworthiness as the most popular forex trading platform. Expert Advisors, Algo trading, Complex indicators, and Strategy testers are some of the sophisticated trading tools available on this platform. There are currently 10,000+ trading apps available on the Metatrader marketplace that traders can use to improve their performance. By using the right mobile terminals, including iOS and Android devices, you can trade from anywhere and at any time through MT4 and MT5.
Customer Support
Midas‘ customer support can be reached by email: backoffice@mdsforex.com. You can also follow this broker on social networks such as QQ: 800822700. However, this broker doesn’t disclose other more direct contact information like telephone numbers or the company address that most brokers offer.
Risk Warning
Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.
Keywords
- 5-10 years
- Suspicious Regulatory License
- Suspicious Scope of Business
- Vanuatu Retail Forex License Revoked
- High potential risk
Review 5
Content you want to comment
Please enter...
Review 5
TOP 
Chrome
Chrome extension
Global Forex Broker Regulatory Inquiry
Browse the forex broker websites and identify the legit and fraud brokers accurately
Install Now
果宝特攻
Hong Kong
My fund would be on due on March 7th, while which was unavailable. The platform claimed to refund within 16 terms, which has no difference to absconding.
Exposure
2020-05-12
苦瓜
Hong Kong
On November 24, 2018, Zhu Yiming, the account manager of Midas, called me and said that the company's financial situation was in a state, which made it difficult to withdraw money. Therefore, he used the reason for helping with the withdrawal (after verification by multiple parties and verification by myself, what he said was purely a lie), from November 25 to December 28, 2018, he defrauded RMB 41000 in the name of the platform. I called the company many times, but their customer service shirked responsibility. Later, I sent an email complaint to the platform. The platform said that Zhu Yiming had been dismissed for violating the company's regulations. So it was not related to the company. They said it was a personal act and did not solve my problem. But in fact, so far, Yi Yiming is still managing my account, which is inconsistent with the fact of leaving. And during the fraudulent period, he was in a working state. Now I am complaining and exposing the fraud of Zhu Yiming, the account manager of Midas Forex Trading Platform. Please stay away from this blackhearted customer service. (Zhu Yiming, bank card number: 4367 4212 1456 4459 078,). If they can't solve it, I will take legal measures in the next step. Midas website: http://www.mdsforex.com/ Address: Office Address: Room 326, 2nd Floor, Building 3, No. 135, Guowei Road, Yangpu District, Shanghai. Tel:
Exposure
2019-01-30
自得
Hong Kong
On November 24, 2018, Zhu Yiming, the account manager of Midas, called me and said that the company's financial situation was in a state, which made it difficult to withdraw money. Therefore, he used the reason for helping with the withdrawal (after verification by multiple parties and verification by myself, what he said was purely a lie), from November 25 to December 28, 2018, he defrauded RMB 41000 in the name of the platform. I called the company many times, but their customer service shirked responsibility. Later, I sent an email complaint to the platform. The platform said that Zhu Yiming had been dismissed for violating the company's regulations. So it was not related to the company. They said it was a personal act and did not solve my problem. But in fact, so far, Yi Yiming is still managing my account, which is inconsistent with the fact of leaving. And during the fraudulent period, he was in a working state. Now I am complaining and exposing the fraud of Zhu Yiming, the account manager of Midas Forex Trading Platform. Please stay away from this blackhearted customer service. (Zhu Yiming, bank card number: 4367 4212 1456 4459 078,). If they can't solve it, I will take legal measures in the next step. Midas website: http://www.mdsforex.com/ Address: Office Address: Room 326, 2nd Floor, Building 3, No. 135, Guowei Road, Yangpu District, Shanghai. Tel:
Exposure
2019-01-29
FX4539407554
Hong Kong
I asked them why, but they said we are not clients of their platform anymore. My clients lost altogether over $310000.
Exposure
2018-08-20
FX1189735978
New Zealand
In the second place, in spite of all the burdens here, various extracurricular activities such sports meets, speech contests and social gatherings will still provide you with ample opportunities to make friends. So, enjoy your life in this esteemed institute!
Positive
2022-12-20