Accounts & headline costs
Sections ↑Midas uses one app for Borsa Istanbul, US, European and crypto products, but the service companies differ. Midas Menkul Değerler supplies investment services; Midas Finansal Teknolojiler provides the interface; Midas Crypto is a separate company. The US securities chain also includes Alpaca.[1][12][11][6]
Account and service routes at a glance
| Account / service | Customer and legal scope | Principal condition |
|---|---|---|
| Borsa Istanbul account | Turkish securities account through Midas Menkul | Zero share commission under current public schedule; credit and warrant charges separateSource 1Source 12 |
| US securities | Midas Menkul customer route with Alpaca service chain | US$1.50 ordinary trade; fractions, options and transfersSource 1Source 11 |
| European securities | Selected European-market access | €1.50 order charge and market-specific order rulesSource 1Source 6 |
| Crypto | Separate Midas Crypto company | Volume-tiered percentage fees; not the securities accountSource 1Source 2 |
| Credit/instant cash | Borrowing/early-liquidity facilities | Very high annual/daily rates and collateral riskSource 1 |
Opening and account essentials
| Measure | Value | Context |
|---|---|---|
| Securities company | Midas Menkul Değerler A.Ş. | Source 1Source 2 |
| App provider | Midas Finansal Teknolojiler A.Ş. | Source 1Source 2 |
| US broker | Alpaca Securities LLC | Source 11Source 16 |
| Turkish custody record | MKK owner-based central records | Source 13Source 15 |
Products & platforms
Sections ↑Products and ownership structure
| Product or service | Published access | Boundary that matters |
|---|---|---|
| BIST shares and warrants | Turkish listed securities | Warrant fees and expiry/leverage risk differ from sharesSource 1 |
| US shares and ETFs | Whole and fractional holdings | Penny-stock and ADR charges can applySource 1Source 11 |
| European shares/ETFs | Selected European markets | Market taxes and settlement differSource 1Source 6 |
| US options | Per-contract trading | Volume-tiered fees and options approval/riskSource 1 |
| Investment funds / VIOP | Additional Turkish investment products where enabled | Separate tariffs and terms applySource 1Source 2 |
| Crypto | Separate crypto-platform company | Maker/taker and tax/SRO chargesSource 1 |
Platform and workflow
| Platform / route | Documented capability | Practical boundary |
|---|---|---|
| Midas app | Multi-market portfolio, orders, cash and research | Products remain legally distinctSource 1Source 2 |
| TradingView integration | Supported US order entry | Ordinary Midas US pricing appliesSource 7 |
| Midas Pro / Matriks | Advanced market tools | Matriks orders can carry 0.01% commission plus taxSource 1 |
Product availability is distinct from investment suitability and from the legal form of the holding. A security, fund unit, derivative, bank deposit and managed mandate can appear in one interface while carrying different costs, ownership rights and protections.[1][11][6]
Fees & holding costs
Sections ↑Primary pricing
| Cost layer | Published amount or basis | Scope and condition |
|---|---|---|
| BIST share commission | Zero under current public schedule | Campaign/public schedule can change; taxes/financing and special products remainSource 1 |
| US stock/ETF order | US$1.50 | Ordinary order; penny-stock add-on can applySource 1 |
| European order | €1.50 | Selected marketsSource 1 |
| US option first 500 monthly contracts | US$1.50 per contract | Higher-volume rates depend on contract priceSource 1 |
| Crypto | 0.15%, 0.12% or 0.10% by monthly TRY volume | Separate crypto company and taxes/SRO chargesSource 1 |
Secondary and event-driven charges
| Item | Published treatment | When it matters |
|---|---|---|
| Penny stock below US$1 | US$0.005 per share above 300 shares | Added to US$1.50 fixed chargeSource 1 |
| ADR fee | US$0.01–0.03 per share periodically | Depositary service chargeSource 1 |
| ACATS transfer out | US$25 | Full or partialSource 1 |
| DTC transfer out | US$5 per security | US securities transfer routeSource 1 |
| BIST credit | 48.5%–66.5% annual by borrowed amount | Current advertised tiers; variable risk and forced-sale rulesSource 1 |
| Instant cash | 0.25% daily | Early access/borrowing service, not ordinary withdrawalSource 1 |
The quoted headline is not a complete total-cost figure. Spreads, foreign-exchange conversion, product expenses, taxes, financing, custody and account-event charges remain relevant where the corresponding row or instrument applies.[1]
Execution & trading rules
Sections ↑Orders and execution controls
| Instruction or situation | Documented operation | Consequence |
|---|---|---|
| Market | Executes against available liquidity | US route applies a cash buffer for price movement; buffer is not a feeSource 4Source 5 |
| Limit | Price-capped order | May remain unfilledSource 4Source 6 |
| Stop / stop-limit | Conditional trigger orders | Trigger and execution differSource 4 |
| Take-profit / stop-loss | Attached exit controls where supported | Not guaranteed execution pricesSource 4 |
| TradingView order | Routes through Midas integration | Midas fee schedule remainsSource 7 |
Sessions, exceptions and outages
| Issue | Published route | Operational implication |
|---|---|---|
| US market-order buffer | 3% or 2.5% cash margin under published rules | Unused buffer is not a commissionSource 5 |
| Credit shortfall | Broker can demand cash or liquidate collateral | No blanket negative-balance protection establishedSource 1 |
| Platform interruption | Use official support and reconcile order status | No public emergency dealing desk terms establishedSource 3 |
| Unconfirmed order | Check completed/open orders before retrying | Avoid duplicate exposureSource 4 |
An accepted instruction is not proof of execution, and a displayed quote is not a guaranteed fill. The current order ticket, market session, liquidity, product permission and account balance govern the actual result.[4][5][6]
Deposits, withdrawals & transfers
Sections ↑Cash movements
| Route | Published operation | Restriction or timing |
|---|---|---|
| Partner-bank TRY transfer | Company describes near-real-time posting, often around two minutes | Bank/payment interruptions can delaySource 8 |
| Other TRY bank transfer | EFT/FAST route | Bank hours and limits applySource 8 |
| USD transfer | Normally one to two working days | Correspondent and account details matterSource 8 |
| Withdrawal | Own-name bank account only | Security and settlement checks applySource 9 |
| Withdrawal timing | Depends on currency, market settlement and bank route | Buying power is not necessarily withdrawable cashSource 10 |
Portfolio transfers and closure
| Action | Published position | Customer consequence |
|---|---|---|
| US transfer in | No Midas fee advertised | Delivering broker can chargeSource 1 |
| US ACATS out | US$25 | Full or partialSource 1 |
| US DTC out | US$5 per security | Security-by-security costSource 1 |
| BIST/MKK transfer | Uses Turkish securities transfer/central-record process | Confirm receiving participant and MKK identifiersSource 13Source 15 |
| Fractions | May not transfer as fractions | Liquidation or residual handling can be neededSource 11 |
Cleared funding, trading buying power, settled proceeds and cash available for bank withdrawal can be four different balances. The profile keeps them separate and does not infer a withdrawal timetable from an order-settlement rule.[8][9][10]
Protection & regulation
Sections ↑Entity and protection boundaries
| Arrangement | Verified scope | What it does not establish |
|---|---|---|
| Turkish securities | MKK records dematerialised instruments on an owner basis | Does not insure market lossSource 13Source 15 |
| SPK/CMB oversight | Midas says investment services are provided by a licensed securities firm | Exact current permissions should be checked in official recordsSource 12Source 14 |
| US broker | Alpaca Securities, FINRA firm 288202 | Actual account agreement and SIPC rules governSource 16Source 11 |
| SIPC | Statutory maximum normally US$500,000 including US$250,000 cash for eligible missing property | The Midas page’s US$150 million statement is not used because it conflicts with official SIPC limitsSource 17Source 11 |
| Crypto | Separate company and legal framework | Securities custody/protection does not automatically applySource 1Source 2 |
Opening an account & support
Sections ↑Official support and complaint routes
Scope Official investor information and complaint guidance.
For an order, payment or transfer problem, retain the account and transaction reference, timestamp and timezone, instrument, quantity, direction, requested route, screenshots and correspondence. Use the authenticated service path before sending private information through a general public address.[1][14]
Additional services
Sections ↑Special services and operating conditions
| Service | What it adds | Condition or limit |
|---|---|---|
| BIST credit | Portfolio-backed borrowing | High annual rates and forced-sale riskSource 1 |
| Instant cash | Early-liquidity feature | 0.25% daily chargeSource 1 |
| Options volume pricing | Lower per-contract rate after 500 monthly contracts | Rate also depends on option priceSource 1 |
| TradingView | Connected US-market order route | Normal commission schedule remainsSource 7 |
A recurring plan, advisory feature, lending programme, rewards service or automated instruction does not alter the ownership and withdrawal rules of the underlying account unless the applicable agreement says so.[1][7]
Company background & evidence
Sections ↑Company and research context
| Measure | Value | Context |
|---|---|---|
| Investment firm | Midas Menkul Değerler A.Ş. | Source 1Source 2 |
| Technology company | Midas Finansal Teknolojiler A.Ş. | Source 1Source 2 |
| Crypto company | Midas Kripto Varlık Alım Satım Platformu A.Ş. | Source 1 |
| US brokerage partner | Alpaca Securities LLC | Source 11Source 16 |
| Research date | 2026-10-16 | Source 1Source 13 |
This dossier synthesises current public tariffs, help material, legal or regulatory evidence and service documentation. It does not claim first-hand account access, measured execution quality, funded withdrawals, transfer completion or customer-support performance.[1][17]
- Headquarters
- Istanbul, Turkey
- Founded
- 2020
Legal entities & licences
These are source-dated records, not a blanket assessment of the broker. Read each issuer, identifier, status and scope together.
Midas Menkul Değerler A.Ş.
No separate licence entry is recorded in this panel.
Alpaca Securities LLC
| Issuer & identifier | Recorded status | Date & scope |
|---|---|---|
| Financial Industry Regulatory Authority288202 | Registered | Checked 16 Oct 2026US executing/carrying broker identified in Midas support material.Source 16 |
Midas Kripto Varlık Alım Satım Platformu A.Ş.
No separate licence entry is recorded in this panel.
Additional Information
Sections ↑Checks before relying on a quoted condition
| Check | Why it matters |
|---|---|
| Zero BIST commission has boundaries | Warrants, credit, instant cash and some platform routes still chargeSource 1 |
| Do not use the US$150m claim | Official SIPC statutory limits are far lower and eligibility-basedSource 11Source 17 |
| Cash buffer is not a fee | US market-order margin reserves against price movementSource 5 |
| Service company matters | Securities, technology and crypto functions are supplied by different entitiesSource 2Source 1 |
Sources & further reading
- Midas commissions and rates Midas · Accessed 16 Oct 2026
- Midas legal notices and company roles Midas · Accessed 16 Oct 2026
- Midas company and service information Midas · Accessed 16 Oct 2026
- Borsa Istanbul order types Midas · Accessed 16 Oct 2026
- US market-order cash buffer Midas · Accessed 16 Oct 2026
- European limit orders Midas · Accessed 16 Oct 2026
- TradingView order pricing Midas · Accessed 16 Oct 2026
- Cash deposit timing Midas · Accessed 16 Oct 2026
- Cash withdrawal process Midas · Accessed 16 Oct 2026
- Withdrawal timing Midas · Accessed 16 Oct 2026
- Securities ownership and US service chain Midas · Accessed 16 Oct 2026
- Midas and SPK relationship Midas · Accessed 16 Oct 2026
- Owner-based monitoring at MKK Capital Markets Board of Turkey · Accessed 16 Oct 2026
- Investor information and complaint routes Capital Markets Board of Turkey · Accessed 16 Oct 2026
- Central Securities Depository services Merkezi Kayıt Kuruluşu · Accessed 16 Oct 2026
- Alpaca Securities firm record FINRA BrokerCheck · Accessed 16 Oct 2026
- What SIPC protects Securities Investor Protection Corporation · Accessed 16 Oct 2026
This profile reports dated public information, including broker-published services and terms. It does not independently test or guarantee execution, pricing or withdrawals. Inclusion is not an endorsement. Permissions and protections apply only to the named legal entity, service and client category; check the current official records and your contract.