MidasFX: MetaTrader accounts, crypto funding and credit-bonus rules

This profile covers the MidasFX international retail website checked on 20 October 2026, identifying Midas FX Ltd in Saint Lucia. It offers self-directed FX and other CFD trading with crypto funding.[1]

View full spreads & trading costs

For illustration, the broker’s EUR/USD example values one EUR 100,000 lot at USD 105,000 using EUR/USD 1.05000, producing USD 5.25 round-trip commission. This excludes spread, financing and any currency-conversion charge. It is not a current exchange-rate quote.[12]

The crypto FAQ’s worked example has an arithmetic error: USD 170,000 × 0.005% is USD 8.50, not its printed USD 8.40. The percentage basis above is preserved; the example should not be treated as a separate fee rate.[13]

CFDs are OTC contracts with the broker; a clearing house does not guarantee repayment.[7]

Internal transfers use the Client Office withdrawal area and a PIN. Same-currency transfers are free; transfers requiring conversion cost 1.5%, and are described as instant once confirmed. The public instructions do not specify the conversion reference rate or crypto-to-fiat funding markup.[32]

A USD 1,000 credit would require 2,500 qualifying closed standard lots to convert fully at USD 0.40 per lot, before trading costs and losses. This arithmetic is a turnover illustration, not an expected return.[6]

Although registration pages advertise starting without verification, the AML policy requires government photo ID and address evidence no older than three months. It permits source-of-funds checks and transfer refusal. That policy also allows reporting to authorities; the tax FAQ’s broad non-disclosure statement should not be read as an exemption.[8]

If a desktop is unavailable, the official help page directs clients to mobile or web MetaTrader, or support for identity checks. This is not a guarantee that support accepts every order.[29]

The agreement permits telephone execution during platform/connectivity failure, but the inspected contact page showed no execution number. It requires order details, dealer confirmation and checking the trade after reconnection; dealers may accept market orders only.[7][10]

For a trade query, email from the registered address with account number, order ID and optional screenshots; the FAQ promises a reply within 24 hours.[23]

The contract requires prompt objections, then written confirmation within two business days; its trading-rules annex instead says 48 hours.[7]

MidasFX says it does not issue tax documents. MT4 Account History can generate HTML reports or detailed reports for all history, recent months or a custom period. These trading records are not country-specific tax certificates.[22]

Third-party copy services are permitted, with risk responsibility assigned to the client. The separate FAQ says no MAMM/PAMM service is offered and points to MetaTrader signals. Broker-specific rules for pausing copying, closing existing positions, pending orders or final provider fees were not established; disconnecting software should not be assumed to close exposure.[20][21]

The current footer identifies Midas FX Ltd, Saint Lucia registration 2023-00230, with a registered Rodney Bay address and a physical Batumi, Georgia office. The latter is an address disclosure, not evidence of a Georgian investment licence.[1]

Saint Lucia’s government-owned IBC registry explains that the jurisdiction does not currently regulate or license forex trading. The displayed incorporation number must therefore not be represented as a local forex authorisation.[35]