MidasGlobe Review (2023)

Is MidasGlobe a regulated forex broker or a scam?

MidasGlobe is 100% fraud company. The broker is registered offshore and does not hold any proper license from a well-known reliable financial regulator. It is NOT SAFE to trade MidasGlobe. We never advise trading with an offshore broker, since the financial investment service they deliver is not trustable. The reason is simple, the broker may promise the most ever competitive trading conditions or the trading environment, yet the trader has no any guarantee from the official entities that oversee the Forex industry. Thus the engagement to trading with such a companies means the trader will believe only on the broker’s words, and of course, it is a high risk.

MidasGlobe offers hundreds of available assets to trade Forex, Energies, Metals, Futures with expanding the possibility of instant access and complete account management. The broker is a trademark of Valley Marketing Ltd that shows its address in Bulgaria and claims to be fully compliant with EU Regulation (EU) 2016/679 (GDPR). 

Generally investing or trading with an unregulated firm is the very high risk, as the company simply not overseen by anyone and not authorized to deliver its service within various jurisdictions. For that reason, we always advise to avoid such an “investment” and choose among the reputable firms with necessary licensing according to their registration.

In addition to that, the MidasGlobe terms and conditions revel some absolutely unfair conditions in regards to trading, withdrawals or even the pricing. Means the broker didn’t even bother to pretend to be a trustable company. As well traders submitted numerous negative reviews while faced issues to withdraw funds or were claimed to deductions or closing of an account. Considering all the above said, it is a definite conclusion to avoid MidasGlobe offering in any possible way while even the reputable regulatory authorities placed warnings against the company as well.

“Make public, even by way of a precaution, the circumstance that the party is not authorized to carry out the activity indicated. To order the cessation of the infringement of articles of Legislative Decree also performed via the midasglobe website, consisting in the provision of investment services and activities to the Italian public.”

CONSOB, April 2018

Conclusion

We strongly advise opening a trading account only with the brokers that are regulated by the respected world authorities that comply with the required set of rules and a good reputation through the delivered timeframe of operations. Traders should trade with well-regulated brokers such as UK brokers or brokers in Australia and reliable brokers such as BlackBull Markets and BDSwiss.

Yet, it is always great to hear your personal opinion about MidasGlobe. So you may share your experience or thoughts or discuss them below or ask us for additional information.