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midasfxtrades

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I'm wondering whether Midasfxtrades is regulated or not?
Chara Rodriguez
Djibouti
2023-12-12
ANSWER Midasfxtrades is not regulated.Midasfxtrades presents itself as a trading platform with over nine years of experience. However, our investigation revealed otherwise: the domain name midasfxtrades.com was first registered in September 2023, merely three months ago. This inconsistency raises a red flag. According to US law, since Midasfxtrades claims to be located in this country, it must be registered as a member of the National Futures Association (NFA). However, Midasfxtrades has failed to do so and is not under the NFA's oversight. Furthermore, it has been targeting British investors illegally, which has resulted in a warning from the Financial Conduct Authority (FCA), the UK's financial watchdog. This further undermines its credibility and highlights the substantial risks it poses.Therefore, as an unregulated broker, Midasfxtrades exposes individuals trading on its platform to potential fraud and identity theft. To avoid falling victim to such a scam, we advise steering clear of Midasfxtrades and instead choosing fully regulated brokers with strong reputations.
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