Basic Information
Registered Region 
China
ChinaOperating Period
5-10 years
Company Name
Midasama
Customer Service Email Address
support@midasama.com
Company Website
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WikiFX
Scam Brokers
Score
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/10
The WikiFX Score of this broker is reduced because of too many complaints!
Midasama
China
|
5-10 years
|
Scam Brokers
|
Suspicious Regulatory License
|
Suspicious Scope of Business
|
High potential risk
--
Website
Rating Index
Contact
support@midasama.com
--
The WikiFX Score of this broker is reduced because of too many complaints!
LicensesNo valid regulatory information, please be aware of the risk!
This platform is a Ponzi Scheme. Please stay away!
- 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!
5
9
Company Summary
Comment
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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
User Reviews 9
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丘山
Taiwan
My account became forced liquidation overnight. All my fund was gone.
Exposure
祥78458
Taiwan
My contract with Midasama has been expired while the withdrawal is unavailable.
Exposure
lin11934
Taiwan
The screenshot is the web page of Midasama , which gives no access to my withdrawal deposit our contract has been expired.
Exposure
蓝海53494
Hong Kong
Unable to withdraw. Forced liquidation overnight. All fund was gone!!
Exposure
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
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
未名湖是片海洋
Hong Kong
The withdrawal has been unavailable for 2 months. The platform keeps me waiting.
Exposure
Ho Teck Wei
Malaysia
It has been 62 days since the withdrawal was unavailable.It ‘s useless to urge the platform.
Exposure
FXKoinp
Hong Kong
The withdrawal is unavailable for 2 months.
Exposure