Review summary
MIDAS MARKETS PTY LTD, operating as MDM, is a forex broker established for 5-10 years and registered in Australia. According to WikiFX data, the broker operates with regulatory oversight, holding an Australian Financial Services License (AFSL 556701) from the Australian Securities and Investments Commission (ASIC). Its operational structure includes an associated entity, MIDAS GLOBAL PTY LTD, which is an Appointed Representative under ASIC. The broker also maintains an offshore presence through a Vanuatu Financial Services Commission (VFSC) license held by a related company, MM Co Ltd. MDM's platform offering includes MT5, which the company states provides robust system services and technical support, contributing to its WikiFX Software Index score of 9.02. Trading accounts feature a minimum deposit of 300 USD, leverage up to 1:1000, and spreads starting from 0.0 pips on its Raw account types. While the broker's regulatory framework provides a formal structure, public user feedback on third-party platforms highlights mixed experiences; positive comments frequently cite fast execution and reliable withdrawals, while critical posts describe challenges with fund accessibility and customer service responsiveness. The broker's overall WikiFX Score is 7.10, reflecting a profile that combines established regulation with variable user-reported experiences. Note: Regulatory status, trading conditions, and risk assessments may vary by jurisdiction. The WikiFX score reflects currently available information.Please verify all entity details independently before trading. (Updated: 2026-04-10)
FX1714088702
Hong Kong
Account is banned, money cannot be withdrawn
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W80881
Hong Kong
The MDM platform is a fraudulent that it caused me significant losses, and they keep delaying my withdrawals.
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FX1714088702
Hong Kong
I'm unable to withdraw my money. What platform is this? Is it a scam platform?
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FX1714088702
Hong Kong
It's been almost a month and the platform won't let me withdraw my funds. Nobody cares; nobody's looking after me. Where's my money?
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W80881
Hong Kong
I hope WikiFX can help me recover my legally obtained profits.
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麦克8
Hong Kong
It was alright before, I could normally withdraw with either profits or losses, but now they've completely stopped allowing withdrawals, and they're just dragging their feet without issuing any documentation. They're asking for my trading records on other platforms, but I only trade with them; how am I supposed to provide trading records for other forex platforms? It's like they're using a shill to prevent withdrawals, making it feel like they're about to abscond. This shameless platform is disgusting.
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