Global Broker Regulation Inquiry App
About WikiFX

Score

0 1 2 3 4 5 6 7 8 9
.
0 1 2 3 4 5 6 7 8 9
0 1 2 3 4 5 6 7 8 9
/10
The broker's WikiFX Score has been lowered due to a high volume of unresolved client complaints.

Midasama

China China | 5-10 years |
Scam Brokers | Questionable Regulatory License | Suspicious Operational Region | High Potential Risk

--

Website

Rating Index

Contact

--
The broker's WikiFX Score has been lowered due to a high volume of unresolved client complaints.

license Forex License

No forex trading license found. Please be aware of the risks.

This platform is a Ponzi Scheme. Please stay away!
  • This broker has been verified as unauthorized. All of its previous licenses have expired, and it has been placed on WikiFX's Scam Brokers list. Please be aware of the high risk.
5

Basic Information

Registered Region
China
Operating Period
5-10 years
Company Name
Midasama
Email
support@midasama.com
Company Website
--
Verified Site
About Us
Wiki Q&A
Comment

Users who viewed Midasama also viewed..

AVATRADE

AVATRADE

9.50
Score
ECN Account15-20 yearsRegulated in AustraliaMarket Making License (MM)MT4 Full License
AVATRADE
AVATRADE
Score
9.50
ECN Account15-20 yearsRegulated in AustraliaMarket Making License (MM)MT4 Full License
Official Website
vantage

vantage

8.70
Score
ECN Account10-15 yearsRegulated in AustraliaMarket Making License (MM)MT4 Full License
vantage
vantage
Score
8.70
ECN Account10-15 yearsRegulated in AustraliaMarket Making License (MM)MT4 Full License
Official Website
Neex

Neex

8.64
Score
ECN Account15-20 yearsRegulated in AustraliaMarket Making License (MM)MT4 Full License
Neex
Neex
Score
8.64
ECN Account15-20 yearsRegulated in AustraliaMarket Making License (MM)MT4 Full License
Official Website
PUPRIME

PUPRIME

8.53
Score
ECN Account5-10 yearsRegulated in AustraliaMarket Making License (MM)MT4 Full License
PUPRIME
PUPRIME
Score
8.53
ECN Account5-10 yearsRegulated in AustraliaMarket Making License (MM)MT4 Full License
Official Website

Verified Site

Top Visitor Locations
MalaysiaMalaysia
  • midasama.com
    34.98.99.30
    Server Location
    United States United States
    ICP Registration No.
    --
    Top Visitor Locations
    Malaysia Malaysia
    Creation Date
    2016-08-16
    Website Name
    WHOIS.GODADDY.COM
    Company
    GODADDY.COM, LLC

Company Profile

Company Profile

Review summary

Note: Midasama's official website: https://www.midasama.com is currently inaccessible normally.

MidasamaReview Summary
Founded2012
Registered Country/RegionMalaysia
RegulationScam Broker
Market InstrumentsForex, Precious metals, Commodities, Indices, Stocks
Demo Account
Leverage/
Spread/
Trading PlatformMT4
Min Deposit$1,000
Customer SupportEmail: support@midasama.com

Midasama Information

Midasama claims to have been established in 2012 and is registered in Malaysia. It offers trading products including Forex, precious metals, commodities, indices and stocks. In addition, it offers MT4 as a trading platform. However, this broker is currently unregulated and illegal.

Pros and Cons

Pros Cons
Offer MT4 as the trading platformAn illegal broker
No payment method information
The official website cannot be accessed

Is Midasama Legit?

Midasama is unregulated and illegal. The registration time on the official website is 2019, but it can't be accessed.

Is Midasama Legit?
Is Midasama Legit?

What Can I Trade on Midasama?

Midasama mentioned that it offers trading in forex, commodities, precious metals, stocks and indices.

Tradable Instruments Supported
Forex
Precious metals
Commodities
Indices
Stocks
Bonds
ETF

Account Types

Midasama claims to offer 5 different account types. The basic account requires a minimum deposit of $1,000. The next set of accounts require you to deposit at least $5,000, $10,000, $50,000 and $100,000, respectively.

Trading Platform

Midasama is offering a downloadable version of the MT4 trading platform to its traders.

Trading PlatformSupported Available Devices Suitable for
MT4-All traders
MT5

Company Profile

  • Scam Brokers
  • 5-10 years
  • Questionable Regulatory License
  • Suspicious Operational Region
  • High Potential Risk

Wiki Q&A

Is it risky to trade with Midasama?

Yes, trading with Midasama is associated with a high level of risk. The broker holds an overall trust score of just 1.57 according to WikiFX data, which is extremely low. A critical factor in this assessment is its complete lack of valid regulatory licensing from recognized global financial authorities. This absence of oversight means clients have no formal recourse or investor protection, a fundamental and severe deficiency for any financial service provider.

04-02
United States

What is the current regulatory status of Midasama?

Midasama operates without any verified mainstream financial regulation. According to WikiFX data, it holds no active licenses from authoritative bodies in major jurisdictions. The entity is registered in China but does not possess the necessary regulatory authorization from bodies like the ASIC, FCA, or CySEC to legally offer forex and CFD trading services to international clients, which constitutes a major operational concern.

04-02
United States

What is the full company name of Midasama?

The broker operates under the full name 'Midasama'. It is a financial services entity registered in China and reports having been operational for approximately 5 to 10 years, claiming a start date of 2012.

04-02
United States

¿Cuáles son los organismos reguladores de forex más comunes?

Entre los organismos reguladores más comunes se encuentran la Financial Conduct Authority (FCA), la Australian Securities and Investments Commission (ASIC), la Commodity Futures Trading Commission (CFTC), la Securities and Exchange Commission (SEC), la Cyprus Securities and Exchange Commission (CySEC) y la Monetary Authority of Singapore (MAS). Estos organismos suelen aplicar estándares regulatorios estrictos. En WikiFX es posible consultar clasificaciones de brókers según su entidad reguladora.

In a week

¿Qué significa que un bróker tenga múltiples licencias regulatorias?

Cuando un bróker posee múltiples licencias regulatorias, generalmente significa que opera en diferentes jurisdicciones y debe cumplir requisitos normativos de varios organismos supervisores, lo que puede reflejar mayor capacidad operativa internacional. No obstante, la solidez de la supervisión puede variar entre reguladores, especialmente en el caso de licencias offshore. Se recomienda verificar si el bróker cuenta con licencias de organismos principales como FCA o ASIC y revisar su historial regulatorio mediante WikiFX.

In a week

¿Qué aspectos deben considerarse al elegir un bróker seguro?

Al elegir un bróker seguro, los inversores deben centrarse en factores como la situación regulatoria, la seguridad de los fondos y la transparencia de las condiciones de trading. Generalmente se recomienda priorizar plataformas reguladas por organismos reconocidos como la FCA, la SEC o la ASIC. También es importante verificar si los fondos se mantienen en cuentas segregadas, si la estructura de comisiones es transparente y si existen incidencias relacionadas con retiradas o reclamaciones relevantes. La puntuación de WikiFX y los comentarios de usuarios pueden servir como referencia adicional.

In a week

What are the most common and reputable forex regulatory authorities?

Common forex regulatory authorities include the Financial Conduct Authority (FCA) in the United Kingdom, the Australian Securities and Investments Commission (ASIC), the Commodity Futures Trading Commission (CFTC) and the Securities and Exchange Commission (SEC) in the United States, the Cyprus Securities and Exchange Commission (CySEC), and the Monetary Authority of Singapore (MAS). These regulatory authorities usually maintain relatively high regulatory standards, and brokers regulated by them generally have higher compliance levels. You can check broker ranking lists under different regulators on the WikiFX platform, such as brokers regulated by FCA, ASIC, and CySEC, so as to compare brokers under different regulatory backgrounds more clearly and make safer choices.

04-02
United States

¿Cómo determinar si un bróker está regulado?

Para determinar si un bróker está regulado, es fundamental verificar si posee una licencia financiera válida. Los inversores pueden comprobar el número de licencia y su estado en los sitios web oficiales de organismos supervisores como la Financial Conduct Authority (FCA) o la Australian Securities and Investments Commission (ASIC) para confirmar su autenticidad y vigencia. También debe tenerse en cuenta que algunos brókers pueden incurrir en clonación de licencias o prestación de servicios fuera de las jurisdicciones autorizadas, lo que implica riesgos adicionales. Según los datos de WikiFX, el estado regulatorio, los registros históricos y la puntuación de riesgo pueden utilizarse como referencia complementaria.

In a week
View More
Post a Review
Exposure
Exposure
Neutral
Neutral
Positive
Positive

Share your experience

Required...

Submit Now
Write a Review
9
Customer ServiceDownload AppScroll to TopTOP

Chrome

Chrome Extension

Global Forex Broker Regulation Query

Browse the forex broker websites and identify the legit and fraud brokers accurately

Install

Select Country/Region
United States
※ WikiFX compiles data from publicly available sources and user contributions. While we endeavor to maintain its accuracy, we do not warrant the information's completeness, accuracy, or timeliness, as it may become outdated. Investors are strongly advised to verify critical details with official sources before making any decisions.
You are visiting the WikiFX website. WikiFX Internet and its mobile products are an enterprise information searching tool for global users. When using WikiFX products, users should consciously abide by the relevant laws and regulations of the country and region where they are located.
consumer hotline:006531290538
Official Email:support@wikifx.com;
Mobile Phone Number:234 706 777 7762;61 449895363
Telegram:+60 103342306
Whatsapp:+852-6613 1970;
License or other information error corrections, please send the information to:qa@wikifx.com
Cooperation:business@wikifx.com