Global Broker Regulation Inquiry App
WikiFX
Broker
Rankings
Regulators
mohdfazlan
Within 1 year

Which deposit and withdrawal options are available with Midas Securities, such as credit cards, PayPal, Skrill, or cryptocurrencies?

Broker Issues
Midas Securities
Deposit
Withdrawal
05-09
United States
WikiFX
Reply

Having looked closely at Midas Securities, I found that their deposit and withdrawal methods are relatively traditional, tailored primarily to the Hong Kong market. For funding my account, I could choose FPS (Faster Payment System, supporting HKD transfers), regular bank transfer or wire options for multiple currencies (HKD, RMB, and USD), and personal cheque deposits. Their banking partners include well-established names such as Industrial and Commercial Bank of China (Asia), Bank of Communications, and Bank of China (Hong Kong), which lends a sense of reliability to the processes. One thing I always look for—especially as a trader active in international markets—is whether modern payment options like credit cards, PayPal, Skrill, or cryptocurrencies are supported. From my experience and careful review of their procedures, Midas Securities does not accept deposits or withdrawals through credit cards, PayPal, Skrill, or any form of cryptocurrency. All funds must be transferred from or to bank accounts held in the client’s own name, and third-party deposits or withdrawals are not accepted for compliance and security reasons. Withdrawals are processed through signed withdrawal forms submitted via email or fax, and proceeds are credited by cheque to the bank account registered with them. The absence of electronic wallets or crypto options might be inconvenient for some, but it’s common for licensed brokers in Hong Kong and underscores a cautious approach to financial compliance. For me, while this means slightly less convenience, there is a trade-off in regulatory clarity and lower risk of payment disputes or fraud. Anyone considering Midas Securities should ensure that these available methods align with their preferences and needs.

Select Country/Region
  • Hong Kong

  • Taiwan

    tw.wikifx.com

  • United States

    us.wikifx.com

  • South Korea

    kr.wikifx.com

  • United Kingdom

    uk.wikifx.com

  • Japan

    jp.wikifx.com

  • Indonesia

    id.wikifx.com

  • Vietnam

    vn.wikifx.com

  • Australia

    au.wikifx.com

  • Singapore

    sg.wikifx.com

  • Thailand

    th.wikifx.com

  • Cyprus

    cy.wikifx.com

  • Germany

    de.wikifx.com

  • Russia

    ru.wikifx.com

  • Philippines

    ph.wikifx.com

  • New Zealand

    nz.wikifx.com

  • Ukraine

    ua.wikifx.com

  • India

    in.wikifx.com

  • France

    fr.wikifx.com

  • Spain

    es.wikifx.com

  • Portugal

    pt.wikifx.com

  • Malaysia

    my.wikifx.com

  • Nigeria

    ng.wikifx.com

  • Cambodia

    kh.wikifx.com

  • Italy

    it.wikifx.com

  • South Africa

    za.wikifx.com

  • Turkey

    tr.wikifx.com

  • Netherlands

    nl.wikifx.com

  • United Arab Emirates

    ae.wikifx.com

  • Colombia

    co.wikifx.com

  • Argentina

    ar.wikifx.com

  • Belarus

    by.wikifx.com

  • Ecuador

    ec.wikifx.com

  • Egypt

    eg.wikifx.com

  • Kazakhstan

    kz.wikifx.com

  • Morocco

    ma.wikifx.com

  • Mexico

    mx.wikifx.com

  • Peru

    pe.wikifx.com

  • Pakistan

    pk.wikifx.com

  • Tunisia

    tn.wikifx.com

  • Venezuela

    ve.wikifx.com

United States
※ The content of this website abides with local laws and regulations.
You are visiting the WikiFX website. WikiFX Internet and its mobile products are an enterprise information searching tool for global users. When using WikiFX products, users should consciously abide by the relevant laws and regulations of the country and region where they are located.
consumer hotline:006531290538
Official Email:support@wikifx.com;
Mobile Phone Number:234 706 777 7762;61 449895363
Telegram:+60 103342306
Whatsapp:+852-6613 1970;
License or other information error corrections, please send the information to:qawikifx@gmail.com
Cooperation:fxeyevip@gmail.com