Midasama

General Information & Regulation

Midasama is an Asian Forex and CFD broker. Midasama claims to have started operations in 2012. However, its domain name was first registered in 2016 and updated in 2019. Midasama is not currently subject to any active regulation.

Market Instruments

Midasama offers investors access to popular financial instruments, mainly including Forex currency pairs, CFDs on precious metals, stocks, and commodities.

Minimum Deposit

Midasama offers five different types of trading accounts, with the basic account having a minimum deposit of $1,000, while the other four accounts have minimum deposits of $5,000, $10,000, $50,000, and $100,000, respectively.

Midasama Leverage

There is not any trading leverage related information displayed on the Midasama platform.

Trading Platform Available

Midasama offers traders a downloadable MT4 trading platform, but Midasama MT4 cannot be registered, so this is probably just a false advertisement.

Deposit and withdrawal

Midasama only supports traders to deposit and withdraw funds to their accounts via wire transfer.

Pros & Cons of Midasama

Midasama Advantages Include:

1. Wide range of financial instruments

2. Seemingly several account types to choose from

Midasama Disadvantages Include:

1. No regulation

2. High minimum deposit amount

3. One type of deposit and withdrawal only

4. Offering a fake MT4 trading platform

5. No demo accounts

6. No specific information about spreads, commissions, and leverage