MidasGlobe Review

Is MidasGlobe Scam or Legit Broker?

MidasGlobe is a 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 guarantee from the official entities that oversee the Forex industry. Thus the engagement in trading with such a company means the trader will believe only in the broker’s words, and of course, it is a high risk.

What is MidasGlobe?

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 a very high risk, as the company is simply not overseen by any serious body 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, 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.
• Besides, traders submitted numerous negative reviews of facing issues when withdrawing 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

MidasGlobe Review Conclusion

We strongly advise opening a trading account only with the brokers that are regulated by 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.

MidasGlobe Update

Based on our findings, the MidasGlobe website is inactive. This means the broker has muted its trading offering and does not operate. However, we recommend avoiding and staying alert in case of any proposals.