Midas Globe Review
Clients of Midas Globe are offered a choice of several account types, depending on their initial investment. According to the information on its website, this broker offers fixed spreads and leverage up to 1:400 on the MetaTrader 4 platform.
Premium & VIP account holders are supposed to get some extras, such as personal account manager, weekly market news and expert analysis.
We wonder whether there are any traders out there who will be tempted by the ridiculous offerings of Midas Globe: High minimum initial deposit of $500, high spreads (3 pips on EUR/USD!) and no regulation whatsoever.
Most fixed-spread brokers offer spread of 2 pips for this pair and some even less – easyMarkets’ spread is fixed at 1 pips on EUR/USD. Besides, the company operates on the basis of a license issued by the Cyprus Securities and Exchange Commission (CySEC) and one may open an account by depositing just $100.
The Company. Security of Funds
Forex and CFD broker Midas Globe provides no information of its headquarters, nor license, so we assume it is not authorized to provide financial brokerage services. We are not even sure which is the company behind the brand, but we suppose it is registered in some offshore destination like the British Virgin Islands. According to the information on its website, Midas Globe is operated by Valley Marketing Ltd., however when we downloaded its MT4 platform, the name Beta Management Holding Services Ltd. appeared. We could not find any information about any of those two companies. So this broker looks highly suspicious and we advise you to stay away from it.
Doing business with unregulated (offshore) brokers is extremely risky and we advise traders to avoid such companies and to select among brokers licensed by the respective authorities in the UK, or Australia for example.
The broker supports the industry’s standard MetaTrader 4 (MT4), available as desktop and mobile versions.
The MT4 is powerful, secure and reliable and has been holding the title “most popular forex trading platform” for more than 10 years now. It has easy-to-navigate interface, offers advanced charting, numerous technical analysis indicators, supports multiple order types as well as Expert Advisers (EAs), allowing you to automate your trades.
Midas Globe offers 50% on-deposit welcome bonus to clients who deposit at least $500. Premium account holders are offered 75% and VIP ones – 100% bonus.
Methods of Payment
Midas Globe offers its clients the following payments methods: bank wire transfer, credit/debit cards, and WebMoney.
Midas Globe Review Conclusion
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