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MIDASFX

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Brokersview provides MidasFX regulatory and risk warnings. MidasFX is registered with the SVG FSA, which does not regulate Forex trading.
Brokersview provides MidasFX regulatory and risk warnings. MidasFX is registered with the SVG FSA, which does not regulate Forex trading.

Operating status: SCAM

Website: https://www.midasfx.com/

Broker violations and abnormal records
  • Oct 20, 2025 BrokersView has found that MIDASFX appears to be a scam

    MIDASFX does not disclose any regulatory information, only displaying a registered address in Saint Lucia and a physical presence in Georgia. While we did locate Midas Fx Ltd. within the Saint Lucia IFC registry, this constitutes only an International Business Company (IBC) registration, not a license to operate as a forex broker. Notably, Saint Lucia currently has no financial authority that regulates forex trading activities. Furthermore, our search of the licensed brokerages list maintained by The National Bank of Georgia (NBG) yielded no record of this entity. Therefore, MIDASFX is not authorized by any recognized regulatory body, indicating a high likelihood of fraudulent operation.

    MIDASFX does not disclose any regulatory information, only displaying a registered address in Saint Lucia and a physical presence in Georgia. While we did locate Midas Fx Ltd. within the Saint Lucia IFC registry, this constitutes only an International Business Company (IBC) registration, not a license to operate as a forex broker. Notably, Saint Lucia currently has no financial authority that regulates forex trading activities. Furthermore, our search of the licensed brokerages list maintained by The National Bank of Georgia (NBG) yielded no record of this entity. Therefore, MIDASFX is not authorized by any recognized regulatory body, indicating a high likelihood of fraudulent operation.

Related Complaints

Q&A

Do you think MIDASFX is a reliable broker?

Aristos chen
Guernsey
Dec 20, 2023
ANSWER No, MIDASFX is not reliable.While it claims to have registration with the Financial Services Authority of St. Vincent and the Grenadines (SVG FSA), it is crucial to note that the SVG FSA has announced that forex trading brokerage activities are not licensed in this jurisdiction. This disclaimer renders MIDASFX's offerings unlicensed.Therefore, MIDASFX operates as an unlicensed forex broker, leaving its clients unprotected by rules and law. To avoid falling victim to fraud and identity theft, investors are advised against engaging with MIDASFX. It is recommended to choose fully regulated brokers that have solid reputations.
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Risk Warning

FX trading is of high risk and may not be suitable for all investors. Leverage will create additional risks and loss. Before trading, please carefully consider your investment objectives, experience level and risk tolerance. You may lose part or all of your initial investment; do not invest money that you cannot afford. Educate yourself about the risks associated with FX trading. If you have any questions, please consult an independent financial or tax advisor. Any data and information are provided "as is" and only for information purpose, not for trading or recommendations. Past performance does not predict future results.

Disclaimer

The data contained in this website may not be real-time and accurate. The data and prices on this site are not necessarily provided by the market or exchange, but may be provided by market makers, so prices may be inaccurate and differ from actual market prices. Namely, this price is indicative price only to reflect market trend, and is unfavorable for trading purpose. The provider of the data contained in the Website shall not be liable for any loss incurred by you as a result of your trading activities or reliance on the information contained in the Website.