Score
Midasama
China|5-10 years| https://www.midasama.com
Website
Rating Index
Contact
Licenses
No valid regulatory information, please be aware of the risk!
- This broker has been verified to be illegal and all of its licences have expired, and it has been listed in WikiFX's Scam Brokers list. Please be aware of the risk!
Basic Information
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Website
Most visited countries/areas
Malaysia
midasama.com
Server Location
United States
Most visited countries/areas
Website Domain Name
midasama.com
Website
WHOIS.GODADDY.COM
Company
GODADDY.COM, LLC
Domain Effective Date
2016-08-16
Server IP
34.98.99.30
Company Summary
Note: Midasama's official website: https://www.midasama.com is currently inaccessible normally.
| MidasamaReview Summary | |
| Founded | 2012 |
| Registered Country/Region | Malaysia |
| Regulation | Scam Broker |
| Market Instruments | Forex, Precious metals, Commodities, Indices, Stocks |
| Demo Account | ❌ |
| Leverage | / |
| Spread | / |
| Trading Platform | MT4 |
| Min Deposit | $1,000 |
| Customer Support | Email: 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 platform | An 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.
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 Platform | Supported | Available Devices | Suitable for |
| MT4 | ✔ | - | All traders |
| MT5 | ❌ |
Keywords
- Scam Brokers
- 5-10 years
- Suspicious Regulatory License
- Suspicious Scope of Business
- High potential risk
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丘山
Taiwan
My account became forced liquidation overnight. All my fund was gone.
Exposure
2020-03-21
祥78458
Taiwan
My contract with Midasama has been expired while the withdrawal is unavailable.
Exposure
2020-01-06
lin11934
Taiwan
The screenshot is the web page of Midasama , which gives no access to my withdrawal deposit our contract has been expired.
Exposure
2020-01-05
蓝海53494
Hong Kong
Unable to withdraw. Forced liquidation overnight. All fund was gone!!
Exposure
2019-12-24
FX2950258859
Malaysia
I used to place orders with small amount. This time I bought large shares but suffered account forced liquidation because of their adverse recommendations!
Exposure
2019-12-21
顾轶
Hong Kong
The withdrawal is unavailable for 2 months. Midasama blamed it on verification by third party and asked us to wait patiently, until all fund was gone!
Exposure
2019-12-21
未名湖是片海洋
Hong Kong
The withdrawal has been unavailable for 2 months. The platform keeps me waiting.
Exposure
2019-12-14
Ho Teck Wei
Malaysia
It has been 62 days since the withdrawal was unavailable.It ‘s useless to urge the platform.
Exposure
2019-11-26
FXKoinp
Hong Kong
The withdrawal is unavailable for 2 months.
Exposure
2019-11-24