Review summary
MIDAS MARKETS PTY LTD, operating as MDM, is a forex broker established for 5-10 years and registered in Australia. According to WikiFX data, the broker operates with regulatory oversight, holding an Australian Financial Services License (AFSL 556701) from the Australian Securities and Investments Commission (ASIC). Its operational structure includes an associated entity, MIDAS GLOBAL PTY LTD, which is an Appointed Representative under ASIC. The broker also maintains an offshore presence through a Vanuatu Financial Services Commission (VFSC) license held by a related company, MM Co Ltd. MDM's platform offering includes MT5, which the company states provides robust system services and technical support, contributing to its WikiFX Software Index score of 9.02. Trading accounts feature a minimum deposit of 300 USD, leverage up to 1:1000, and spreads starting from 0.0 pips on its Raw account types. While the broker's regulatory framework provides a formal structure, public user feedback on third-party platforms highlights mixed experiences; positive comments frequently cite fast execution and reliable withdrawals, while critical posts describe challenges with fund accessibility and customer service responsiveness. The broker's overall WikiFX Score is 7.10, reflecting a profile that combines established regulation with variable user-reported experiences. Note: Regulatory status, trading conditions, and risk assessments may vary by jurisdiction. The WikiFX score reflects currently available information.Please verify all entity details independently before trading. (Updated: 2026-04-10)
麦克8
Hong Kong
It was alright before, I could normally withdraw with either profits or losses, but now they've completely stopped allowing withdrawals, and they're just dragging their feet without issuing any documentation. They're asking for my trading records on other platforms, but I only trade with them; how am I supposed to provide trading records for other forex platforms? It's like they're using a shill to prevent withdrawals, making it feel like they're about to abscond. This shameless platform is disgusting.
Exposure
W80881
Hong Kong
I hope WikiFX can help me recover my legally obtained profits.
Exposure
Apasara.B
Singapore
Tried several currency pairs today, the screen changes quite fast.
Positive
Jacob0306
Singapore
Order placement is quite fast, and it's relatively easy to use
Positive
PJYYYYYY
Hong Kong
Withdrawal speed is quite fast. MDM is really fast, pending orders basically execute instantly, making short-term in-and-out trades feel like a game. MT5 is also smooth to use, quotes are real-time, spreads are transparent, comfortable.
Positive
交易不迷WANG
Hong Kong
I have never encountered card blocking situations with other companies, which is very worry-free
Positive
FX2296641379
Hong Kong
First, let me clarify, I'm just an ordinary retail forex trader. Over the past few years, I've traded intermittently on several platforms, so I have some experience. At MDM, I've tried withdrawing funds twice, once a small amount and once a slightly larger one, and both were credited within 1-2 days. I haven't encountered the "deposit-only, no withdrawal" situation that some small platforms have. There are also plenty of deposit methods available: UnionPay, WeChat, Alipay transfers are all supported, and USDT is also accepted. Customer service response is very fast; basically, any issues can be resolved relatively quickly. The range of trading instruments is also quite rich, covering mainstream products like forex, gold, crude oil, and stock indices. I use MT5, and my biggest impression over the past few months is that the order execution speed is indeed fast. Currently, there's also a 10% deposit bonus promotion, which is more generous than other platforms. I plan to take advantage of the promotion period to deposit more.
Positive
MM索菲亚
Australia
MDM has fast withdrawal speed, no requotes, stable, reliable, honest and trustworthy
Positive
Camileee
Australia
APP Operation Convenient Morning Withdrawal Arrives in a Few Hours
Positive
优优UU澳洲生活
Australia
Instant account opening, withdrawals can be credited within a few hours, smooth and non-laggy interface, fully licensed and regulated with 10 years of trust, good reviews.
Positive
没有名字的澳洲龙虾
Australia
MDM has no requote issues, and the EA runs orders very effectively
Positive
币圈小能手007
Hong Kong
I've experienced it for a month, and it's genuinely good. I'll continue to observe further. Withdrawals are also fast, and there are recent activities.
Positive
MDM
Hong Kong
The account opening process is simple, and the customer service is very helpful! No slippage, instant deposits and withdrawals!
Positive
币圈小能手007
Hong Kong
Just started using it and it feels pretty good, plus it's a big brand from Australia. Will continue to try it out.
Positive